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The best cars for £300 per month

  • Choose from electric superminis to mid-sized SUVs
  • Some with 0% APR finance and low deposit figures
  • Choosing a lease can cut your monthly payments

Written by Graham King Published: 5 January 2024 Updated: 26 April 2024

People looking at car finance deals for the first time, and experienced financers alike, are often taken aback by how much car they can get for £300 per month. 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. 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.

Best cars for £300 a month 2024

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 wedged onto the front of it.

Despite being the least expensive BMW model on sale, it still feels every bit a BMW. This is most evident in the interior: it’s full of plush materials and typical BMW buttons, rather than housing everything on a touchscreen.

Read our full BMW 1 Series review


  • Loads of gadgets
  • Strong performance
  • Superb refinement


  • Cramped rear seats
  • Performance versions should be a bit more exciting

Hugely impressive family estate

If you need something that can carry five adults and their luggage with the minimum amount of fuss, the Skoda Octavia Estate is all the car you could ever need. Still need a bit of convincing? In essence, the Octavia borrows a lot from the VW Golf. This means it's well built and full of kit. But the Octavia Estate is also substantially more practical and better value for money than the Golf.

The 1.0-litre engine on offer here is more than up to the task of hauling a family and their luggage, but if you regularly travel with lots of passengers on the motorway then you might be better off with the diesel engine.

Read our full Skoda Octavia Estate review


  • Huge boot
  • Very comfortable
  • Cheap to run


  • Road noise on the motorway
  • Rivals have more high-tech gear

Small SUV with a twist

For all intents and purposes, the VW Taigo is essentially a VW T-Cross with a little more panache courtesy of a coupe-like roofline.

It appeals to buyers who want something a little bit less humdrum than a small SUV, but still want something practical, reliable and with a German badge.

Read our full VW Taigo review


  • Comfortable ride
  • Excellent engines
  • Spacious rear seats


  • Slightly less practical than T-Cross
  • Frustrating touch-sensitive controls

One of the cheapest EV SUVs

Many moons ago the MG badge meant natty driving gloves, open-topped sports cars and the rasp of a petrol engine. Today, the Chinese-owned brand is better known for staggeringly cheap electric cars.

The ZS EV is one of these cars. The all-important electric range spans 198-273 miles, while the SUV shape is practical enough. Most other electric cars simply won’t go as far or carry as much for this kind of money.

Read our full MG ZS EV review


  • Up to 273 miles of range
  • Seven-year warranty
  • Five-star safety rating


  • Low rent interior
  • Lack of badge appeal

Britain's bestselling family car... for good reason

If you’re in the market for a small SUV (and let’s face it, plenty of people are) the Puma is the best around. In fact it’s so good, we crowned it our Small Family Car of the Year for 2023. Ford’s smallest SUV deftly combines the looks of a rugged SUV in a small and easy to park package.

Mix that with a fun driving experience, and nice touches like a Megabox in the boot (essentially a waterproof box with a drain plug), and it’s easy to see why it took home our coveted prize.

Read our full Ford Puma review


  • Economical engines
  • Great to drive
  • Boot is useful in size and shape


  • Rear legroom could be better
  • Infotainment feels a bit old

A charming small SUV that's made for the real world

The Yaris Cross is an incredibly versatile family car. It's the perfect size for its target audience, its hybrid powertrain delivers strong fuel economy, it's good to drive and it comes with Toyota's industry-leading 10-year warranty.

Yes, there are cheaper options, but you can bring that figure down by stumping up more of a deposit.

Read our full Toyota Yaris Cross review


  • Surprisingly good to drive
  • Efficient hybrid powertrain
  • Fantastic 10-year warranty


  • Plain interior
  • Dated infotainment system

The car that kicked off the EV craze

The Nissan Leaf has been among the bestselling electric cars of the last few years. The UK buying public loves the simplicity of the British-built hatchback, as well as its reasonable price tag.

Today it's feeling a bit outdated compared with rivals. However, Nissan has introduced the new Shiro trim level, which brings the best selling features of the range at £2,000 less than the old top-spec trim. Zap-Map’s premium service – which includes drivers to journey plan for their specific car.

Read our full Nissan Leaf review


  • Easy to drive
  • Quiet and refined
  • Intuitive one-pedal driving mode


  • Plenty of rivals with larger range
  • Outdated infotainment

Cheap and reliable family transport

An all-wheel-drive SUV with a frugal mild hybrid engine for less than £300 per month. That, in short, is what you're looking at here with the S-Cross. Other positives? Suzuki is well known for its reliability and the S-Cross comes with a seven-year, 100,000-mile warranty.

0% APR is available throughout the line-up, but do yourself a favour and avoid the full hybrid model. It only comes with a really lethargic and needlessly complicated automatic gearbox which is unforgivably bad.

Read our full Suzuki S-Cross review


  • Great value
  • Lots of standard equipment
  • Available with four-wheel drive


  • Monotone cabin
  • Disappointing full hybrid

An appealing seven-seat MPV/Estate/SUV mash up

If you’ve been wincing at the deposits on this list so far, can we interest you in a Jogger? It comes from the Romanian firm Dacia, famed for its low pricing.

The Jogger offers an astounding amount of bang for not much buck, so much so that we crowned it our Best Value Car of 2023. It has bags of interior room and seven very usable seats, making it the perfect hauler for large families, and all for the price of a secondhand car.

Read our full Dacia Jogger review


  • Incredibly spacious for its size
  • Bargain price
  • Comfortable and easy to drive


  • Low rent interior
  • Poor safety score

These deals are indicative examples of some packages available as of 15 April 2024, 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.