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Car finance: best new cars for less than £400 per month

  • Choose from seven-seat SUVs to sleek sports cars
  • Upmarket models can be surprisingly affordable
  • We've rounded up the best personal lease and PCP deals

Fancy an upmarket, well-equipped car but don’t have the £40,000 cash needed to put one on the drive? Fear not, personal lease deals and PCP finance offers mean that you can drive one of these desirable machines for less than £400 per month.

We’ve grouped together the most appealing cars on offer, including everything from rapid turbocharged sports cars to hefty 4x4s with powerful diesel engines and large luxurious cars.

Best new cars for less than £400 a month 2019

If you’re still getting to grips with car finance, 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, or if you're looking to personal lease you can check out the Parkers personal leasing search tool.

In the meantime, take a look at the best finance deals – whatever your budget – below:

LEASE: Range Rover Evoque - £372/month

Best new car for less than £400 a month for: bling

Range Rover Evoque moving

The Range Rover Evoque is Land Rover's smallest and chicest car. If you lusted after the old model for years, you'll be pleased to learn that the new-for-2019 looks similar, but is more crisp and modern inside and out.

For £372 per month you get a powerful petrol engine and a mileage limit of 8,000 per year.*

  • Monthly cost: £372 (35 payments incl. VAT)
  • Initial payment: £2,750 (plus £199 processing fee)
  • Total amount payable by customer to lease car and return (excluding excess mileage charges and any end of contract charges)£15,969
  • Mileage allowance: 8,000 per year
  • Excess mileage charge: 13.5p per mile

Click here for more details: Range Rover Evoque P250

LEASE: Skoda Superb Estate - £318/month

Best new car for less than £400 a month for: space

Skoda Superb estate award winner

An award winner for £318 per month. The Superb took home the Parkers Large Family Car of the Year award because of its exceptional value, understated looks, and utterly massive load area.

It has the roomiest rear in this segment and will swallow 660 litres of luggage, and whatever else you can throw at it.

£318 per month gets you a mid spec car with most things you'd realistically want.*

  • Monthly cost: £319 (35 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)£13,614
  • Mileage allowance: 8,000 per year
  • Excess mileage charge: 7.4p per mile

Click here for more details: Skoda Superb Estate 1.5 TSI SE Technology

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

*These deals are indicative examples of some packages available as of 6th November 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: Audi A5 Cabriolet - £379/month

Best new car under £400 a month for: upmarket cabin

Audi A5 Coupe PCP finance

Striking looks, an upmarket cabin and a reasonably potent petrol engine make this A5 Coupe an appealing car for £400 per month. More than this, you get plenty of change, too.

Monthly payments come in at £379 with a £5,672 deposit (on a four-year contract with a 10,000-mile-per-year allowance), cut down to size by a £5,000 deposit contribution discount.** 

Audi A5 Coupe 40 TFSI 190 S Line S tronic

  • Monthly cost: £379 (47 payments)
  • Deposit: £5,672 (plus £5,000 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £23,495
  • Total amount payable by customer to buy car: £35,992.25
  • Cash price: £37,235
  • Mileage allowance: 10,000 miles per year
  • APR: 4.9%

PCP: Alfa Romeo Giulia – £375/month

Best new car under £400 a month for: driver appeal

Alfa Romeo Giulia PCP deal

With bold styling, a 280hp turbocharged petrol engine and plenty of standard kit on its side, this Giulia is enjoyable to drive and should be equally enjoyable to live with.

Monthly payments start from £375 on a three-year contract with a hefty deposit. But 0% APR deals are not to be sniffed at.**

Alfa Romeo Giulia 2.0 Turbo 280hp Veloce

  • Monthly cost: £375 (37 payments)
  • Deposit: £9,392 (plus £1,250 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £22,892
  • Total amount payable by customer to buy car: £38,625
  • Cash price: £39,875
  • Mileage allowance: 10,000 miles per year
  • APR: 0%

PCP: Ford Focus ST - £329/month

Best new car under £400 a month for: hot-hatch thrills

Ford Focus ST

Fire up the crackling engine, prod the Sport button on the steering wheel, and you know it means business. The 280hp 2.3-litre engine is lifted out of the old Focus RS. It's slightly detuned, but you won't care.

Monthly payments come in at just £329 on a 36-month contract with a deposit just over £5,500. A 2.9% interest rate for a newish car is pretty good too.**

Ford Focus ST

  • Monthly cost: £329 (36 payments)
  • Deposit: £5,530.44
  • Total amount payable by customer if returning car: £17,394.44
  • Total amount payable by customer to buy car: £33,876.44
  • Cash price: £31,995
  • Mileage allowance: 9,000 miles per year
  • APR: 2.9%

PCP: Mercedes E-Class Estate - £359 a month

Best new car under £400 a month for: posh space

Mercedes E-Class estate side

Six generations of the Mercedes-Benz E-Class Estate have proved that it has the winning combination for capaciousness, comfort and space in the premium wagon segment.

It's been around in this iteration since 2016, which helps explain the sizeable £7,058 deposit contribution.**

Mercedes-Benz E-Class Estate E 220 d SE

  • Monthly cost: £359 (48 payments)
  • Deposit: £6,118.40 (£7,058 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £30,418.40
  • Total amount payable by customer to buy car: £45,493.40
  • Cash price: £40,835
  • Mileage allowance: 10,000 miles per year
  • APR: 5.9%

Still baffled by car finance? The articles below may help:

** These deals are indicative examples of some packages available as at 29 October 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.