The best cars for £150 per month

  • Compact SUVs, superminis, and city cars within budget
  • Cars starting from less than £130 per month
  • Choose between leasing and PCP finance
Best cars for £150 per month

If you’re looking for the best car for £150 a month, you’ve come to the right place. After all, even if you’re an ardent petrolhead, your financial situation ultimately determines what car you’ll be driving.

Thanks to chip shortages and the war in Ukraine, the depth and breadth of what’s available at this price range is pretty slim. It’s worth noting that all the cars on this list involve PCP finance. You’ll really struggle to find good leasing deals this cheaply at the moment.

Upping your budget to £200 per month will result in an increase in cars to choose from, as well as different types of finances.

Best new cars for £150 a month 2022

PCP: Renault Clio

Renault Clio PCP deals

In our annual awards Renault took home a best new-car finance gong, while the Clio won the best first car. So it makes sense to see it on this list.

The French supermini is handsome, good to drive, well-equipped and very well priced. Basic models are cheap to insure, and it even has a boot large enough to rival much bigger cars.

For this price point you’ll be driving a base spec Evolution model. Renaults still come with plenty of kit, so expect to find alloy wheels, Apple CarPlay/Android Auto and cruise control.

0% APR is good, but you need to lay down a hefty deposit in order to unlock it.**

Renault Clio Evolution

  • Monthly cost: £155 (25 payments)
  • Deposit: £5,500 (including £250 dealer deposit contribution)
  • Total amount payable by customer to buy car: £18,795
  • Cash price: £18,795
  • Mileage allowance: 6,000 miles per year
  • APR: 0%

Renault Clio PCP deal

PCP: Hyundai Bayon

Hyundai Bayon best car deals £150

The Hyundai Bayon is a boldly styled mini-SUV brimming with up-to-date tech. It feels thoroughly solid, is easy-going, slots through traffic nicely and even bog-standard models get Apple CarPlay/Android Auto.

It also comes with a seven-year warranty and can be had with three years free servicing. However, you need a hefty deposit to gain access to this deal and it comes with a high APR.**

Hyundai Bayon SE Connect

  • Monthly cost: £148.28 (24 payments)
  • Deposit: £6,500 (including £500 deposit contribution)
  • Total amount payable by customer to buy car: £23,197.16
  • Cash price: £20,530
  • Mileage allowance: 8,000 miles per year
  • APR: 0%

Hyundai Bayon PCP deal

PCP: Kia Picanto

Kia Picanto £150 per month

Kia’s cute and characterful city car is easy to drive and comes with a whopping seven-year warranty. Add stellar fuel economy, low insurance costs and happy owners, and it’s easy to see why the Picanto makes an attractive package for the two extremes of the markets, AKA new and elderly drivers.

Your £150 can bag you a few different trim levels but we’d recommend going for the most basic in order to keep the deposit down.**

Kia Picanto 1

  • Monthly cost: £150 (37 payments)
  • Deposit: £2,600
  • Total amount payable by customer to buy car: £12,250
  • Cash price: £12,250
  • Mileage allowance: 6,000 miles per year
  • APR: 6.9%

Kia Picanto PCP deal

PCP: Fiat Panda

Fiat Panda best cars £150 per month

The Panda remains popular on the continent, regularly topping sales charts in its native Italy, but it’s rather fallen out of favour in the UK. Being over a decade old does have its downsides, but Fiat has done its best to keep the Panda up-to-date with new engines and technology.

We can see why people fall in love with it – the Panda has a cheeky character that rivals can’t dream of matching.

For just a smidge over £150 you’re looking at City Life trim, with AppleCarPlay/Android Auto, a six-speed manual gearbox and an engine capable of more than 50mpg in real-world driving.**

Fiat Panda 1.0 City Life

  • Monthly cost: £166 (48 payments)
  • Deposit: £3,590
  • Total amount payable by customer to buy car: £16,158
  • Cash price: £14,085
  • Mileage allowance: 6,000 miles per year
  • APR: 6.9%

Fiat Panda PCP deal

** These deals are indicative examples of some packages available as of 12 July 2022, 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.