In the market for a deal on a new car? If you can stretch to £300 per month, you’ll have a veritable treasure trove of finance deals to pick from. The sheer number of models that fall into this range is magnificent, though the most impressive thing is the number of new car deals on offer. But what are the best cars for £300 per month?
A new car budget of £300 per month unlocks a serious range of upmarket brands, as well as options such as saloons, SUVs, estates and electric cars. From simple SUVs to luxury badges certain to get the neighbour’s curtains twitching, we’ve combed the best cars for less than £300 a month. Of course, first you’ll need to decide what kind of finance package you’re after.
Leasing (sometimes called PCH) is essentially a form of renting. You pay an initial payment and a series of monthly payments. Then that’s it. You hand the car back.
PCP (Personal Contract Purchase) deals involve a deposit and a series of monthly payments. Then you choose if you want to buy at the end, with what is often referred to as a balloon payment.
Leasing is usually better if you don’t want to eventually own the car, while PCP is recommended if you want to keep your buying options open. Read on to discover our favourite car leasing deals costing £300 or less per month.
Winner: the new car for lease for £300 a month 2025
All the space of a i5 or EQE without the price premium
Did you know this car used to feature in our best £500 leasing page? The fact it's here shows how much of a bargain the Volkswagen ID.7 now represents. The ID.7 is a suitable flagship for Volkswagen’s fast-growing range of electric cars, as well as taking over from the well-liked Arteon. Slotting effortlessly into a crowded market, the ID.7 offers an appealing mix of comfort, serenity and efficiency to become one of the class’s front-running cars.
It’s slower than the Tesla Model 3 and BYD Seal, but it’s also larger and considerably more accommodating for anyone who regularly ferries around people and their luggage. Opt for the bigger battery in Pro Match S form and you'll also get a real world range of 400 miles. It's by far the best EV Volkswagen sells, and it simply cannot be ignored at this price point.
To find out more, read our full Volkswagen ID.7 review
Leasing prices fluctuate too regularly to give an accurate number. However, this car does fall within the £300 per month ballpark figure.
It’s slower than the Tesla Model 3 and BYD Seal, but it’s also larger and considerably more accommodating for anyone who regularly ferries around people and their luggage. Opt for the bigger battery in Pro Match S form and you'll also get a real world range of 400 miles. It's by far the best EV Volkswagen sells, and it simply cannot be ignored at this price point.
To find out more, read our full Volkswagen ID.7 review
Leasing prices fluctuate too regularly to give an accurate number. However, this car does fall within the £300 per month ballpark figure.
Pros
- Huge official range
- Nicely judged interior
- Comfort and refinement
Cons
- Infotainment still a bit fiddly
- Not Tesla fast
Highly recommended: other leasing deals to consider
Fantastic seven-seater full of clever features
In need of seven seats? Your first port of call should be a Skoda Kodiaq, especially at this price point. Leave it to sensible, practical and family-first Skoda to absolutely knock it out the park with its full-sized SUV. Space is class-leading for boot and passenger space, especially for the front two rows of seats. It’s also chock full of the Simply Clever touches we wax lyrical about. Expect modular boot storage, door-based umbrellas and even little tool to wipe away fingerprint marks on the infotainment.
As a big family-first SUV, don’t expect bucketloads of sportiness here, instead expect strong comfort levels and economical running. The Kodiaq comes with a choice of engines, including diesel, an increasing rarity in 2025. A word of warning for larger families, the plug-in hybrid Kodiaq is a strict five-seater. Blame the big battery for that.
To find out more, read our full Skoda Kodiaq review
Leasing prices fluctuate too regularly to give an accurate number. However, this car does fall within the £300 per month ballpark figure.
As a big family-first SUV, don’t expect bucketloads of sportiness here, instead expect strong comfort levels and economical running. The Kodiaq comes with a choice of engines, including diesel, an increasing rarity in 2025. A word of warning for larger families, the plug-in hybrid Kodiaq is a strict five-seater. Blame the big battery for that.
To find out more, read our full Skoda Kodiaq review
Leasing prices fluctuate too regularly to give an accurate number. However, this car does fall within the £300 per month ballpark figure.
Pros
- Stylish and user-friendly cabin
- Lots of room in the back
- Hushed ambience at speed
Cons
- No driving thrills
- PHEV is only a five-seater
The fun family transport
Cupra’s replacement for the aging Ateca offers a lot to get excited about. It shares its underpinnings with the latest Volkswagen Tiguan but wraps it all up in a more stylish body and offers better equipment levels for your money. Sounds like a win-win to us. The interior is our favourite bit about the Terramar, it manages to look premium and expensive without compromising on passenger space or cost.
It's otherwise pretty like-for-like with the Tiguan – with good boot space and a range of frugal yet peppy engines to pick from. There’s even a tax-friendly PHEV example. The ride is on the firm side for this class, and the trade-off of a more enjoyable driving experience isn’t quite enough to make it worth it in our opinion. The aging Ford Kuga remains the driver’s pick for this class, but the Terramar is the better car.
To find out more, read our full Cupra Terramar review
Leasing prices fluctuate too regularly to give an accurate number. However, this car does fall within the £300 per month ballpark figure.
It's otherwise pretty like-for-like with the Tiguan – with good boot space and a range of frugal yet peppy engines to pick from. There’s even a tax-friendly PHEV example. The ride is on the firm side for this class, and the trade-off of a more enjoyable driving experience isn’t quite enough to make it worth it in our opinion. The aging Ford Kuga remains the driver’s pick for this class, but the Terramar is the better car.
To find out more, read our full Cupra Terramar review
Leasing prices fluctuate too regularly to give an accurate number. However, this car does fall within the £300 per month ballpark figure.
Pros
- Exciting design yet still practical
- Well equipped for the money
- Plenty of power and performance
Cons
- Firmer ride than many rivals
- Slightly forgettable driving experience
Classy premium hatchback
The 1 Series should certainly be towards the top of your shopping list if you want a hatchback with keen handling, pokey engines and a posh badge stuck onto the front of it. The new one may have adopted more anonymous styling than before, but it's lost none of its sweet driving dynamics.
Despite being the least expensive model in its lineup, it still feels every bit a BMW. This is most evident in the interior: it’s full of plush materials smartly integrated technology. The boot and rear seats are a bit pokey, but the car remains a solid pick for £300 per month.
To find out more, read our full BMW 1 Series review
Leasing prices fluctuate too regularly to give an accurate number. However, this car does fall within the £300 per month ballpark figure.
Despite being the least expensive model in its lineup, it still feels every bit a BMW. This is most evident in the interior: it’s full of plush materials smartly integrated technology. The boot and rear seats are a bit pokey, but the car remains a solid pick for £300 per month.
To find out more, read our full BMW 1 Series review
Leasing prices fluctuate too regularly to give an accurate number. However, this car does fall within the £300 per month ballpark figure.
Pros
- Plush interior
- Prestigious image on a budget
- Superb refinement
Cons
- Cramped rear seats
- Performance versions are dull
A bona fide sports car
The MX-5 may seem like a niche product, but it actually has an enormously broad appeal. It could be your weekend toy, you could be dipping your toe into sports car ownership, or you could be a serial MX-5 owner. No matter where you fall on this line, the MX-5 will reward you with entertainment. It's without doubt the best way to get convertible fun at this end of the market and can compete against much more expensive machinery in terms of driver engagement.
It also has an outstanding reputation for reliability. If you search around, both the 1.5-litre and 2.0-litre engines are available comfortably within budget. Despite being cheaper, we can't recommend the 1.5-litre. It's noticeably slower and not all that much less expensive per month compared with the larger unit.
To find out more, read our full Mazda MX-5 review
Leasing prices fluctuate too regularly to give an accurate number. However, this car does fall within the £300 per month ballpark figure.
It also has an outstanding reputation for reliability. If you search around, both the 1.5-litre and 2.0-litre engines are available comfortably within budget. Despite being cheaper, we can't recommend the 1.5-litre. It's noticeably slower and not all that much less expensive per month compared with the larger unit.
To find out more, read our full Mazda MX-5 review
Leasing prices fluctuate too regularly to give an accurate number. However, this car does fall within the £300 per month ballpark figure.
Pros
- Enormously good to drive
- Well-executed yet inexpensive
- Remarkably cheap to run
Cons
- Very compact interior
- Tiny boot
Big bargain estate
The second big Volkswagen on this list is the Passat, a big estate that majors in on comfort and space for those of us who still prefer the lure of a load-loading estate to the onslaught of high-riding SUVs. The latest example is a doozy too, it’s beautifully refined, comfortable and the interior is massive. A few ergonomic annoyances aside, it’s a brilliant estate.
It’s biggest rival, the Skoda Superb Estate, shares its underpinnings with the Passat and undercuts it on price. But it doesn’t have the same exceptionally cheap leasing costs, a well-equipped Passat with a full plug-in hybrid system can be had for less than a base-spec Superb on a leasing deal. It looks like leasing companies can’t shift them, so be ready to nab a bargain.
to find out more, read our full Volkswagen Passat review
Leasing prices fluctuate too regularly to give an accurate number. However, this car does fall within the £300 per month ballpark figure.
It’s biggest rival, the Skoda Superb Estate, shares its underpinnings with the Passat and undercuts it on price. But it doesn’t have the same exceptionally cheap leasing costs, a well-equipped Passat with a full plug-in hybrid system can be had for less than a base-spec Superb on a leasing deal. It looks like leasing companies can’t shift them, so be ready to nab a bargain.
to find out more, read our full Volkswagen Passat review
Leasing prices fluctuate too regularly to give an accurate number. However, this car does fall within the £300 per month ballpark figure.
Pros
- Excellent refinement
- Comfortable ride
- Stacks of room
Cons
- No diesel model
- Annoying luggage cover
Pocket rocket for the electric age
With the Renault 5 E-Tech firmly planted atop of our favourite small car list, it’s only natural that we’d be drawn to a faster, racier version, especially when it’s badged as an Alpine. It even has rally lamps. The A290 takes the style and battery-tech of the standard 5, sends it to the gym and it emerges as this muscular hot hatch with none of the practicality and usability lost, other than the lack of cup holders. Bizarre.
It doesn’t quite have the old-school thrill of a petrol-powered hot hatch, but it doesn’t do a bad impression of one. It’s at its best with its everyday driving manners, no bad thing as it makes even mundane roads and speeds feel lively and fun. The ride is firmer than in a 5 but never borders on uncomfortable.
to find out more, read our full Alpine A290 review
Leasing prices fluctuate too regularly to give an accurate number. However, this car does fall within the £300 per month ballpark figure.
It doesn’t quite have the old-school thrill of a petrol-powered hot hatch, but it doesn’t do a bad impression of one. It’s at its best with its everyday driving manners, no bad thing as it makes even mundane roads and speeds feel lively and fun. The ride is firmer than in a 5 but never borders on uncomfortable.
to find out more, read our full Alpine A290 review
Leasing prices fluctuate too regularly to give an accurate number. However, this car does fall within the £300 per month ballpark figure.
Pros
- Striking looks
- Great fun in the corners
- Still civilised for everyday use
Cons
- No cupholders
- Driving range could be better
One to avoid
Too expensive on a lease, not great elsewhere
On the surface a KGM Tivoli isn’t a dreadful car. It’s an affordable, rugged and roomy small SUV. On the surface it sounds okay, but in reality, it falls short of competition, outclassed at every turn. The engines are coarse, the gearbox is slow and clanky, and the interior feels cheap.
Then there are the leasing rates for the Tivoli and it seals its fate. For a car that boasts such a low-price tag, the monthly payments are simply atrocious. This is a car that undercuts everything else on this list on price, but the monthly instalments to lease one are so unattractive that this alone would be enough to stick it on our avoid list. If you really want one, cash is king here.
To find out more, read our full KGM Tivoli review
Leasing prices fluctuate too regularly to give an accurate number. However, this car does fall within the £300 per month ballpark figure.
Then there are the leasing rates for the Tivoli and it seals its fate. For a car that boasts such a low-price tag, the monthly payments are simply atrocious. This is a car that undercuts everything else on this list on price, but the monthly instalments to lease one are so unattractive that this alone would be enough to stick it on our avoid list. If you really want one, cash is king here.
To find out more, read our full KGM Tivoli review
Leasing prices fluctuate too regularly to give an accurate number. However, this car does fall within the £300 per month ballpark figure.
Pros
- One of the cheapest SUVs on the market
- Roomy for passengers and luggage
- Solid build, rugged reliability
Cons
- Poor automatic transmission
- Just two non-hybrids offered
Best PCP cars for £300 a month 2025
The perfect family SUV
You know a car is good when it still sits at the top of the totem pole years after its introduction. Many have tried to take the Karoq's crown as our family car of choice, but none have succeeded. The blend of practicality and standard equipment are simply unbeatable. No other car feels so logically-considered at this price point. From the included ice scraper to the removable bin, it serves to make family life easier.
There's no fancy hybrid system and the infotainment is showing its age, but even they're not enough to put us off. The 1.5-litre petrol is frugal enough to return 40mpg and the infotainment is still serviceable. What seals the deal for us is the exceptional value for money, either on a PCP or a PCH. We're going to plug for a finance deal here simply because there's the option to buy it afterwards.
To find out more, read our Skoda Karoq review
Skoda Karoq SE 1.0 TSI
Monthly cost: £320 (49 payments)
Deposit: £5,859.71
Manufacturer's contribution: £2,750
Total amount payable: £35,612.50
Cash price: £30,940
Mileage allowance: 10,000 miles per year
APR: 6.9%
There's no fancy hybrid system and the infotainment is showing its age, but even they're not enough to put us off. The 1.5-litre petrol is frugal enough to return 40mpg and the infotainment is still serviceable. What seals the deal for us is the exceptional value for money, either on a PCP or a PCH. We're going to plug for a finance deal here simply because there's the option to buy it afterwards.
To find out more, read our Skoda Karoq review
Skoda Karoq SE 1.0 TSI
Monthly cost: £320 (49 payments)
Deposit: £5,859.71
Manufacturer's contribution: £2,750
Total amount payable: £35,612.50
Cash price: £30,940
Mileage allowance: 10,000 miles per year
APR: 6.9%
Pros
- Very comfortable interior
- Generous standard equipment
- Easy to drive with good visibility
Cons
- Not as sharp to drive as some rivals
- Lack of hybrid will put some off
Funky new EV with a lot to like
The Hyundai Inster is part of a new wave electric offense on the small car class. And even in a class packed full of funky designs, it stands out as particularly eye-catching. Those chunky looks give way to a spacious, well-finished interior packed. Interior space is excellent, especially for a car with such small dimensions. There’s even plenty of room in the rear, boosted by the flexibility afforded by sliding and folding rear seats.
Expect a real-world range of around 200 miles which makes it perfect for this class of car. Remember too, Hyundai’s charging tech is some of the best around. Hyundai’s finance can be so-so at times, so we’re pleasantly surprised to see the Inster available with 0% APR, a low customer deposit for £4,000, and £1,000 deposit contribution. The £279.89 per month PCP fee undercuts the Citroen e-C3 too.
To find out more, read our Hyundai inster review
Hyundai Inster 01
Deposit: £4,000
Manufacturer's contribution: £1,000
Total amount payable: £25,055
Cash price: £25,055
Mileage allowance: 10,000 miles per year
APR: 0%
Expect a real-world range of around 200 miles which makes it perfect for this class of car. Remember too, Hyundai’s charging tech is some of the best around. Hyundai’s finance can be so-so at times, so we’re pleasantly surprised to see the Inster available with 0% APR, a low customer deposit for £4,000, and £1,000 deposit contribution. The £279.89 per month PCP fee undercuts the Citroen e-C3 too.
To find out more, read our Hyundai inster review
Hyundai Inster 01
Deposit: £4,000
Manufacturer's contribution: £1,000
Total amount payable: £25,055
Cash price: £25,055
Mileage allowance: 10,000 miles per year
APR: 0%
Pros
- Attractive price
- Bold design
- Incredibly spacious interior
Cons
- Only four seats
- Soft brake pedal
An outstanding electric family car
The all-electric Scenic E-Tech bowled us over so much that it won twice in the 2025 Parkers awards, for Best Medium Family Car and our Car of The Year. It’s an excellent family car, a solid EV, and exceptional value for money thanks to Renault’s excellent finance - it won our New Car Finance award for a reason. From as little as £229 per month on PCP with a welcome 0% APR, the Scenic E-Tech makes for a stellar deal. There’s not much else that offers the space, tech and comfort for this price point.
We're pushing the boat out and selecting the bells-and-whistles Iconic model complete with Harman Kardon audio, a panoramic sunroof, and 3D camera for easy parking. All of this can be had for £279 per month at 0% APR. That's a £45,495 car and a testament to just how good Renault's finance deals are. The cherry on this financial cake is the price parity for leasing deals, monthly costs are almost identical if you want to lease a Scenic instead.
To find out more, read our full Renault Scenic E-Tech review
Renault Scenic E-Tech Iconic
Monthly cost: £279 (25 payments)
Deposit: £13,847
Manufacturer's contribution: 0
Total amount payable: £45,495
Cash price: £45,495
Mileage allowance: 6,000 miles per year
APR: 0%
We're pushing the boat out and selecting the bells-and-whistles Iconic model complete with Harman Kardon audio, a panoramic sunroof, and 3D camera for easy parking. All of this can be had for £279 per month at 0% APR. That's a £45,495 car and a testament to just how good Renault's finance deals are. The cherry on this financial cake is the price parity for leasing deals, monthly costs are almost identical if you want to lease a Scenic instead.
To find out more, read our full Renault Scenic E-Tech review
Renault Scenic E-Tech Iconic
Monthly cost: £279 (25 payments)
Deposit: £13,847
Manufacturer's contribution: 0
Total amount payable: £45,495
Cash price: £45,495
Mileage allowance: 6,000 miles per year
APR: 0%
Pros
- Spacious, well-planned interior
- Superb real-world driving range
- Unbeatable monthly finance
Cons
- Fidgety ride at times
- Hefty deposit required for a PCP
The go-to hatchback
The definitive family hatchback is now back on form thanks to some much-needed work on the infotainment system, ergonomic tweaks to the interior and better build-quality. It's now one of the best hatchbacks on sale, and a fantastic alternative to the SUVs that dominate this list.
You won't get our picks of the range - the refined plug-in hybrid eTSI or the ever-popular sporty GTI models for £300 per month. You can however just about pick up the base model for £300 per month. With a low deposit of just over £4,000, it's a solid deal for a very solid car.
To find out more, read our full Volkswagen Golf review
Volkswagen Golf Life 1.5 TSI
Monthly cost: £311.08 (36 payments)
Deposit: £4,201.50
Manufacturer's contribution: £3,000
Total amount payable: £32,916.66
Cash price: £28,010.00
Mileage allowance: 10,000 miles per year
APR: 7.9%
You won't get our picks of the range - the refined plug-in hybrid eTSI or the ever-popular sporty GTI models for £300 per month. You can however just about pick up the base model for £300 per month. With a low deposit of just over £4,000, it's a solid deal for a very solid car.
To find out more, read our full Volkswagen Golf review
Volkswagen Golf Life 1.5 TSI
Monthly cost: £311.08 (36 payments)
Deposit: £4,201.50
Manufacturer's contribution: £3,000
Total amount payable: £32,916.66
Cash price: £28,010.00
Mileage allowance: 10,000 miles per year
APR: 7.9%
Pros
- One of the best infotainment systems on sale
- Loads of engines, including new PHEV systems
- Build quality has improved over the old model
Cons
- Not the most engaging drive
- Average boot and rear space
Update log
29 April 2025: Added deals for the Skoda Kodiaq, Cupra Terramar, Volkswagen Passat and Alpine A290. Made the Volkswagen ID.7 Editor’s Choice. Removed leasing deals for the Cupra Formentor, Nissan Ariya and Skoda Karoq. Added leasing deals for the Skoda Karoq and Hyundai Inster. Added the KGM tivoli as one to avoid. Checked and updated prices.
These deals are indicative examples of some packages available as of 29 April 2025, 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.
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