Car finance: best new car deals for less than £100 per month

  • Super savers from £99 per month
  • City cars, superminis, and even the odd estate in budget
  • Deposits from £1,500

You really can get behind the wheel of a brand-spanking new car for the same monthly cost as an iPhone 11 Pro Max.

The best thing is that even for this modest price, genuinely practical cars, capable of housing five people for sustained periods of time are available. A city car, a supermini, and even an estate have made it onto the list.

Can't quite stretch to the £100 per month? Try £90 per month on for size. Word of warning. There's more choice available for £100.

It's also worth noting that the APR rates for cars at this price range tend to be a bit higher than the industry norm. This means that while the monthly payments are cheap, overall costs can be similar to bigger and more expensive cars.

Check out the best deals for all budgets below:

Want to find out more about car finance? Watch our video guides to PCP finance, PCH leasing and Hire Purchase or visit our car finance calculator to find out how much you can afford to borrow.

Best new cars for under £100 a month

PCP: Dacia Logan MCV - £99/month

Best new car for less than £100 a month for: size

Red Dacia Logan MCV side profile

The Dacia Sandero (below) might hold the title of the cheapest new car in the UK, but this Logan MCV holds the cheapest estate car crown. This title might not sound as impressive, but it does mean that for less than £100 per month, you can get an estate with a 573 litre boot. To put that into context, a Volvo V60 estate has a smaller boot (529 litres) but will set you back at least three times as much a month.

This price is for the cheapest model. For your £99 per month you get power steering, some airbags, and not much else. Not even a radio. If you're after more kit, you're better off upgrading to Essential trim for around another £20 per month. But if you just want a vast boot for not a lot of money, not much can touch the Logan MCV.**

Dacia Logan MCV SCe 75 Access PCP deal

  • Monthly cost: £99 (48 payments)
  • Deposit: £1,810 (including £250 manufacturer deposit contribution)
  • Total amount payable by customer to buy car: £9,798
  • Cash price: £8,495
  • Mileage allowance: 6,000 miles per year
  • APR: 6.9%

PCP: Dacia Sandero - £99/month

Best new car for less than £100 a month for: value

Red 2017 Dacia Sandero

Another offering from Dacia here. Officially, the Sandero is the cheapest new car in the UK, with a modest starting price of £6,995.

However, for £100 per month, you can avoid the cheapest of the cheap, and go for a mid-spec Essential model. This adds a DAB radio, remote central locking, and front electric windows.

The Sandero is priced similarly to a city car, like the Kia Picanto, but size wise, it's actually closer to a supermini like the Ford Fiesta.**

Dacia Sandero SCe 75 Essential PCP deal

  • Monthly cost: £99 (48 payments)
  • Deposit: £1,500 (including £250 manufacturer deposit contribution)
  • Total amount payable by customer to buy car: £9,239
  • Cash price: £7,995
  • Mileage allowance: 6,000 miles per year
  • APR: 6.9%

PCP: Hyundai i10 - £100/month

Best new car under £100 a month for: ease of driving

Silver Hyundai i10 rear static

A completely different proposition to the Logan MCV at the top of this list. In terms space per £, it loses out. But if you live in a city and want something easy to drive, and easier to park, the i10 is a good choice. 

It feels pretty grown up for a car of this size and the interior is a grade better than what you'd find in a Dacia. Better yet, for £100 per month you won't have to suffer a bottom spec car. You'll be able to get a Play model, with alloy wheels, Apple CarPlay/Android Auto, air conditioning, and a touchscreen infotainment screen. 

There's a new i10 en route to showrooms soon too. Although these models won't be straying into the sub £100 mark anytime soon.**

Hyundai i10 1.0 Play PCP deal

  • Monthly cost: £99.84 (48 payments)
  • Deposit: £3,000 (including £1,000 manufacturer deposit contribution)
  • Total amount payable by customer to buy car: £12,399.09
  • Cash price: £11,320
  • Mileage allowance: 7,000 miles per year
  • APR: 4.9%

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** These deals are indicative examples of some packages available as at 13 January 2020, but are subject to change without prior notice. Everyone's financial circumstances are different and the availability of credit is subject to status. Terms, conditions and exclusions apply. Parkers cannot recommend a deal for you specifically.

Bauer Consumer Media Limited is an appointed representative of ZenAuto Limited for the broking of regulated consumer hire agreements. ZenAuto Limited is authorised and regulated by the Financial Conduct Authority. ZenAuto Limited's registered office is Number One, Great Exhibition Way, Kirkstall Forge, Leeds LS5 3BF. ZenAuto Limited's company registration number is 10967345. ZenAuto is the trading name of ZenAuto Limited.