Best cars for less than £300 per month
Buying a car on a PCP finance deal could allow you to drive a more prestigious model by spreading the cost. Here we've picked our top 10 new car deals for less than £300 per month...
The most common way to buy a new car in the UK is through a PCP finance deal. This type of finance arrangement 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 plenty of choice in the market. The cars available at this price point include premium hatchbacks, family and large SUVs and even sports cars.
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 a deposit of 15% of the price of the car, combined with the manufacturer's finance discount allowance (if applicable).
If you find one you like, simply click on the relevant link to find out more.
10. Seat Ateca 1.5 TSI EVO SE Technology [EZ]
Target price cost per month: £268 Target price (on the road): £22,758 The deal: 4 years PCP finance with 5.7% APR and a finance contribution of £2500. Limit of 8000 miles per year.
The Ateca is one of the most well-rounded new cars on sale, with a spacious interior, keen pricing and class-leading handling in the family SUV class. This version gets you a peppy 1.5-litre petrol engine, and mixes it with SE Technology trim, which comes with LED headlights and sat-nav, among other things.
9. Mercedes A-Class A180d Sport
Target price cost per month: £257 Target price (on the road): £23,569 The deal: 4 years PCP finance with 4.9% APR. Limit of 10,000 miles per year.
The A-Class is Mercedes' rival for premium hatchbacks including the Audi A3 and BMW 1 Series. It offers a stunning interior that features a class-leading infotainment system, and is good to drive. It's pricey, though, which is why our discounts are worth paying attention to. This A180d diesel-engined version is our recommended choice, combining an even power delivery with reasonable running costs. Sport trim won't leave you wanting for kit, either.
8. Audi A4 35 TFSI Sport
Target price cost per month: £298 Target price (on the road): £27,107 The deal: 4 years PCP finance with 3.3% APR and a finance contribution of £4250. Limit of 8000 miles per year.
The A4 is a top-notch executive saloon, offering class-leading interior quality and tonnes of equipment as standard. This 148bhp 35 TFSI petrol engine may be the baby of the range, but has ample power for most situations. If you're joining faster roads, however, be aware that it needs to be worked hard. Meanwhile, Sport trim gets you a more aggressive look than standard A4s.