The most common way to buy a new car in the UK is through a PCP finance deal. This type of deal allows you to buy a car for around the same price as a three-year-old one, because you're financing only a fraction of its total price.
If you have a monthly budget of around £300 for your next car, you've got plenty of choice in the market. The cars available at this price point include premium hatchbacks such as the Mini, small SUVs such as the Seat Ateca and even sports cars such as the Mazda MX-5.
Here, we count down the top 10 deals from our Target Price research, which reveals the most you should pay for a new car. Each deal is based on 15% of the value of the car, combined with the manufacturer's finance discount allowance if applicable. All are for three years, with a 30,000-mileage limit.
If you find one you like, simply click on the relevant link to find out more. Or alternatively, call us on 03302 216207 and we will be happy to help.
10. Mini hatchback 1.5 Cooper 3dr [Chili Pack]
Target price cost per month: £261 Target price (on the road): £17,372 The deal: 3 years PCP finance with 5.9% APR and a finance contribution of £1000
Mini's hatchback is one of the best all-rounders on sale. This three-door version offers low running costs and strong resale values but still keeps its badge appeal. This Cooper version is our pick of the range, too; its 1.5-litre turbocharged petrol engine offers plenty of power yet remains quiet on the motorway.
9. Mazda CX-5 2.0 SE-L Nav
Target price cost per month: £296 Target price (on the road): £22,933 The deal: 3 years PCP finance with 5.9% APR
The latest Mazda CX-5 competes against large SUV rivals such as the Skoda Kodiaq and Nissan X-Trail, but unlike both of those cars, it doesn't come with seven seats. It makes up for that, though, by being roomy and classy inside and good to drive. This SE-L Nav model comes with plenty of equipment as standard, too, including climate and cruise controls, front and rear parking sensors and automatic headlights and wipers.
8. Volkswagen Tiguan 2.0 TDI BMT 150 SE
Target price cost per month: £298 Target price (on the road): 24,586 The deal: 3 years PCP finance with 5.1% APR and a finance contribution of £1500
Underneath, the Tiguan is near-identical to the Seat Ateca, and while it's the Seat that we ultimately recommend, there's still plenty to like about VW's Nissan Qashqai rival. For starters, it's good to drive and has an upmarket interior which, even in SE form, brings you lots of kit, including parking sensors and three-zone climate control. This 2.0-litre diesel engine is our pick of the range.
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