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Car finance: best new car deals for less than £200 per month

  • Deals on everything from hybrid SUVs to stylish hatches
  • Great value personal lease deals and PCP finance options available
  • Payments start from as little as £166 per month

Upping your budget from say, £150 per month to £200 per month might not sound a lot, but it makes a world of difference when picking a car. You’ll benefit from much, more choice; you can take your pick from turbocharged petrol hatchbacks, spacious off-roaders and even a stylish high-spec estate.

We’ve rounded up the most appealing models available for less than £200 per month on personal lease deals and PCP finance. Choose wisely and you can get a car worth well over £25,000 for far less than 1% of that cost each month.

Best new cars for less than £200 a month 2019

If you’re still getting to grips with car finance then check out our video guides explaining what PCP finance is, how PCH leasing works, and whether Hire Purchase is for you. You can also visit our car finance calculator to see how much you can afford to borrow.

In the meantime, if you’ve got more or less to spend, take a look at competitive finance deals for all budgets below:

LEASE: Volkswagen T-Roc - £185/month

Best new car under £200 a month for: off-roader style

Volkswagen T-Roc

With chunky SUV styling, decent ride and handling, loads of standard kit and that classless Volkswagen badge, this T-Roc is a highly-appealing family car. It's affordable, too, with monthly payments of £185 on a four-year personal lease – with £2,500 to pay upfront and an 8000-mile-per-year limit.*

  • Monthly cost: £185 (47 payments, incl. VAT)
  • Initial payment: £2,500 (plus £199 processing fee)
  • Total amount payable by customer to lease car and return (excluding excess mileage charges and any end of contract charges): £11,394
  • Mileage allowance: 8,000 miles per year
  • Excess mileage charge: 5.8p per mile

Click here for more details: Volkswagen T-Roc SE 1.0 TSI

LEASE: BMW 1 Series - £173/month

Best new car under £200 a month for: upmarket badge

BMW 1 Series PCH lease deal

Like the idea of driving a BMW but don't want to shell out loads to lease one? This could be your car; it offers relatively strong performance and all the core kit you'd want.

The 1 Series has recently been replaced by an all-new model, which means that this old car makes a savvy buy as prices continue to tumble. The petrol 118i Sport comes in at £173 per month on a two-year, 8,000-mile-per-year personal lease with £2,449 to pay upfront.*

  • Monthly cost: £173 (23 payments, incl. VAT)
  • Initial payment: £2,250 (plus £199 processing fee)
  • Total amount payable by customer to lease car and return (excluding excess mileage charges and any end of contract charges): £6,428
  • Mileage allowance: 8,000 miles per year
  • Excess mileage charge: 7.7p per mile

Click here for more details: BMW 118i Sport 5dr

LEASE: Renault Kadjar - £198/month

Best new car under £200 a month for: sensible utility

Renault Kadjar rear

It might not be the most distinctive-looking car out there, but the staid styling and comfortable ride befit a motor aimed at young families. Underneath, the Kadjar shares mechanical underpinnings with the Nissan Qashqai. But the the Kadjar actually has a bigger boot. While it's also filled with cubbies to hold bits and bobs in the interior too. The 1.2 TCE engine is economical, albeit not that punchy.

The sheer amount of space on offer here for £198 per month is astonishing. The initial payment of £1,250 is sensible too.

  • Monthly cost: £198 (23 payments, incl VAT)
  • Initial payment: £1,250 (plus £199 processing fee)
  • Total amount payable by customer to lease car and return (excluding excess mileage charges and any end of contract charges): £6,003
  • Mileage allowance: 8,000 miles per year
  • Excess mileage charge: 7.4p per mile

Click here for more details: Renault Kadjar 1.3TCE GT Line

LEASE: Mazda CX-3 - £199/month

Best new car under £200 a month for: slinky crossover vibes

Mazda CX-3 moving

This is one of Mazda's entries into what is fast becoming the most popular niches in the market - the crossover. The raised driving position gives a good view out, while it's never difficult to park because it's actually pretty small, being based on the Mazda 2 supermini.

It's a touch more expensive and a tad bit less practical than the Kadjar above, but the interiors nicer and it looks more fashionable too.

  • Monthly cost: £199 (35 payments, incl VAT)
  • Initial payment: £1,750 (plus £199 processing fee)
  • Total amount payable by customer to lease car and return (excluding excess mileage charges and any end of contract charges): £8,914
  • Mileage allowance: 8,000 miles per year
  • Excess mileage charge: 6.8p per mile

Click here for more details: Mazda CX-3 Sport Nav 2.0-litre

Want to learn more about car finance? Take a look at the links below:

*These deals are indicative examples of some packages available as at 10th September 2019 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 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. Terms, conditions and exclusions apply.


 

 

PCP: SEAT Leon 5dr - £166/month

Best new car under £200 a month for: all-round ability

SEAT Leon PCP finance

When it comes to bang for your buck, this SEAT Leon must be one of the absolute best value cars for under £200 per month.

Monthly payments weigh in at just £166 with a £2,500 deposit on a four-year, 10,000-mile-per-year contract.**

Best of all you get a punchy petrol engine and plenty of standard kit in SE Dynamic form, including sat-nav, front and rear parking sensors and 17-inch alloy wheels.

SEAT Leon 1.5 TSI 130 SE Dynamic 5dr

  • Monthly cost: £166 (48 payments)
  • Deposit: £2,500 (plus £500 test drive discount and £3,000 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £10,440
  • Total amount payable by customer to buy car: £18,280
  • Cash price: £18,950
  • Mileage allowance: 10,000 miles per year
  • APR: 6.8%

PCP: Dacia Duster - £169/month

Best new car under £200 a month for: high driving position

Dacia Duster PCP

The Duster is the UK's cheapest SUV, and you can get a turbocharged petrol version for just £169 per month.**

That gets you Comfort specification with a relatively affordable deposit of £2,300 on a four-year, 6,000-mile-per-year contract.**

Dacia Duster 1.3 TCe 130 4x2 Comfort

  • Monthly cost: £169 (48 payments)
  • Deposit: £2,300 (no manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £10,412
  • Total amount payable by customer to buy car: £16,978
  • Cash price: £14,400
  • Mileage allowance: 6,000 miles per year
  • APR: 6.9%

PCP: Audi A1 - £188/month

Best new car under £200 a month for: upmarket feel

Audi A1 PCP finance

If having an upmarket interior is more important to you than driving a bigger car then you'll love the slick, modern cabin of the new Audi A1.

Monthly payments for this entry-level model come in at £188 on a four-year, 10,000-mile-per-year contract with a £2,500 deposit.**

It may be small but you do get tonnes of high-tech kit in the smallest Audi including lots of safety equipment, LED headlights and digital dials.

Audi A1 Sportback 25 TFSI 95hp SE

  • Monthly cost: £188 (47 payments)
  • Deposit: £2,500 (plus £485 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £11,327
  • Total amount payable by customer to buy car: £20,104
  • Cash price: £17,705
  • Mileage allowance: 10,000 miles per year
  • APR: 6.3%

PCP: Suzuki SX4 S-Cross - £199/month

Best new car under £200 a month for: value to buy at end of contract

Suzuki SX4 S-Cross PCP finance

Thanks to a hefty £2,250 price cut, slashing the already reasonable list price down to just £15,499, the SX4 S-Cross is very affordable to finance.

Monthly payments come in at just £199 per month with a £2,500 deposit on a four-year, 10,000-mile-per-year contract.**

That gets you a turbocharged petrol version with air conditioning, Bluetooth, a digital radio, 16-inch alloy wheels and cruise control.

Suzuki SX4 S-Cross 1.0 Boosterjet SZ4

  • Monthly cost: £199 (48 payments)
  • Deposit: £2,500 (no manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £12,031
  • Total amount payable by customer to buy car: £18,146
  • Cash price: £15,499 (after £2,250 discount)
  • Mileage allowance: 10,000 miles per year
  • APR: 6.9%

** These deals are indicative examples of some packages available as at 14 June 2019, 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.