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.

£300 PCP car image

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, 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 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.

Editors' note: Images are purely illustrative and may not reflect mentioned trim levels

10: Mercedes A-Class A180 SE

Mercedes A-Class A180 SE

Target price cost per month: £284

Target price (on the road): £20,861

The deal: 3 years PCP finance with 6.4% APR and a finance contribution of £0

The A-Class is Mercedes' rival for premium hatchbacks including the Audi A3 and BMW 1 Series.

10: Mercedes A-Class A180 SE - interior

Mercedes A-Class A180 SE - interior

It offers a stunning interior featuring a class-leading infotainment system, and is good to drive. It's pricey, though, which is why our discounts are worth paying attention to.

9: Audi A3 30 TFSI Sport S tronic

Audi A3 1.5 TFSI Sport manual

Target price cost per month: £277

Target price (on the road): £20,650

The deal: 3 years PCP finance with 6.8% APR and a finance contribution of £4000

It might be getting a bit long in the tooth compared with some rivals in the family car market, but, as a former What Car? Car of the Year, the A3 is still impressive, with a high-quality interior, superb range of engines and surprisingly spacious boot.

9: Audi A3 30 TFSI Sport S tronic - interior

Audi A3 30 TFSI Sport S tronic - interior

An all-new version is coming early next year.

8: Nissan Qashqai 1.3 DiG-T N-Connecta

Nissan Qashqai 1.3 DiG-T N-Connecta

Target price cost per month: £291

Target price (on the road): £21,016

The deal: 3 years PCP finance with 4.9% APR and a finance contribution of £2000

The Qashqai is one of the most popular cars in the UK, and it's easy to see why. It's spacious, good to drive and this 138bhp 1.3-litre petrol version is both brisk and frugal.

8: Nissan Qashqai 1.3 DiG-T N-Connecta - interior

Nissan Qashqai 1.3 DiG-T N-Connecta - interior

N-Connecta versions come with plenty of kit, including privacy glass, keyless entry and larger alloy wheels than lesser models, plus, of course, everything that our recommended Acenta Premium models already get.

7: Seat Ateca 1.5 TSI EVO FR [EZ]

Seat Ateca 1.5 TSI EVO FR [EZ]

Target price cost per month: £296

Target price (on the road): £23,139

The deal: 3 years PCP finance with 5.9% APR and a finance contribution of £2000

The Seat Ateca is one of our favourite family SUVs – and considering how big the market for such cars is, that's very good indeed.

7: Seat Ateca 1.5 TSI EVO FR [EZ] - interior

Seat Ateca 1.5 TSI EVO FR [EZ] - interior

This 1.5-litre petrol engine is pleasantly punchy, and FR trim is our recommended choice; it gives you 18in alloy wheels, sports seats, LED headlights and a rear-view camera.

6: Skoda Octavia Estate 1.5 TSI SE L

Skoda Octavia Estate 1.5 TSI SE L

Target price cost per month: £284

Target price (on the road): £19,391

The deal: 3 years PCP finance with 5.9% APR and a finance contribution of £2500

If space is your top priority, look no further than the huge boot of the Octavia Estate, which can comfortably handle everything up to and including the kitchen sink.

6: Skoda Octavia Estate 1.5 TSI SE L - interior

Skoda Octavia Estate 1.5 TSI SE L - interior

Add in a smooth petrol engine and the generous equipment standard on SE L models, and it's a winning package.

5: Mazda MX-5 2.0 Sport Nav+

Mazda MX-5 2.0 Sport Nav+

Target price cost per month: £270

Target price (on the road): £21,747

The deal: 3 years PCP finance with 4.1% APR and a finance contribution of £2000

The MX-5 is one of our favourite sports cars, and the fact that you can pick up this top-end version for significantly less than £300 per month shows why PCP deals are so popular.

5: Mazda MX-5 2.0 Sport Nav+ - interior

Mazda MX-5 2.0 Sport Nav+ - interior

Expect peppy performance, top-down driving thrills and a comfortable interior.

4: Toyota Corolla 1.8 Hybrid Icon Tech CVT

Toyota Corolla 1.8 Hybrid Icon Tech CVT

Target price cost per month: £260

Target price (on the road): £23,918

The deal: 3 years PCP finance with 0% APR

Toyota reckons that more than 90% of Corolla buyers will choose one of the two hybrid options on offer, and both offer seriously low CO2 emissions.

4: Toyota Corolla 1.8 Hybrid Icon Tech CVT - interior

Toyota Corolla 1.8 Hybrid Icon Tech CVT - interior

The Corolla also has a comfortable ride, and comes with loads of standard kit.

3: Skoda Karoq 1.5 TSI SE

Skoda Karoq 1.5 TSI SE

Target price cost per month: £264

Target price (on the road): £20,556

The deal: 3 years PCP finance with 5.9% APR and a finance contribution of £1250

The Karoq is one of the finest family SUVs you can buy, thanks to its superb practicality, comfortable ride and the availability of luxurious features such as digital instruments and gesture control.

3: Skoda Karoq 1.5 TSI SE - interior

Skoda Karoq 1.5 TSI SE - interior

This version is our recommended choice.

2: Mazda CX-5 2.0 Sport Nav+

Mazda CX-5 2.0 Sport Nav+

Target price cost per month: £277

Target price (on the road): £25,815

The deal: 3 years PCP finance with 4.1% APR and a finance contribution of £1250

The CX-5 is one of the finest large SUVs you can buy, especially for those who don't need seven seats. This 2.0-litre petrol engine pulls strongly and is reasonably frugal too.

2: Mazda CX-5 2.0 Sport Nav+ - interior

Mazda CX-5 2.0 Sport Nav+ - interior

Go for Sport Nav+ trim and you'll have every feature you could want, including keyless entry, a heated steering wheel and heated leather seats.

1: Citroën Berlingo 1.2 Puretech M Feel

Citroën Berlingo 1.2 Puretech M Feel

Target price cost per month: £275

Target price (on the road): £18,151

The deal: 3 years PCP finance with 4.9% APR and a finance contribution of £750

This exact version of the Berlingo drove away with our MPV of the Year trophy at the most recent What Car? Awards.

1: Citroën Berlingo 1.2 Puretech M Feel - interior

Citroën Berlingo 1.2 Puretech M Feel - interior

Why the Berlingo? Well, it's powered by a range of frugal engines, has a larger boot than an Audi Q7 luxury SUV and is outstandingly practical. In fact, it's hard to believe that it offers so much for so little money.

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