Best cars for less than £500 per month

From sports cars to luxurious saloons and family-friendly SUVs, we've got a great mix of PCP car deals for less than £500 per month...

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Steve Huntingford
4 May 2018 07:15 | Last updated: 14 Jun 2018 00:03

Personal Contract Purchase (PCP) deals are hugely popular, letting you drive something that you would otherwise struggle to afford. However, even if you're not short of money, they still make a lot of sense, because they mean you don't have to tie up a large amount of cash in your car.

Here we've picked our top 10 cars that are available for £500 per month according to our latest 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. 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. BMW i3 94Ah Auto

Target price cost per month: £433 Target Price (on the road): £29,575 The deal: Three years on a PCP finance deal, with 2.9% APR

Best cars for less than £500 per month

The i3 is BMW's all-electric alternative to the Nissan Leaf and Renault Zoe. We like its upmarket interior, and most versions offer eye-widening acceleration. You also get BMW's iDrive infotainment and navigation setup, which we think is one of the best systems around right now.

Read our full BMW i3 review >

Find a great BMW i3 deal >


9. Mercedes-Benz GLC 250 d AMG Line Auto

Target price cost per month: £468 Target Price (on the road): £37,316 The deal: 3 years on a PCP finance deal with 5.9% APR and with £1300 finance deposit allowance

Best cars for less than £500 per month

Plenty of modern Mercedes-Benz models are expensive next to their rivals, but that’s not an accusation you can level at the GLC. It’s also good to drive, smart inside and, in 250 d AMG Line spec, both fast and lavishly equipped.

Read our full Mercedes-Benz GLC review >

Find a great Mercedes-Benz GLC deal >


8. Audi TT Roadster 2.0 TFSI Sport S tronic [Tech Pack]

Target price cost per month: £419 Target Price (on the road): £31,545 The deal: Three years on a PCP finance deal with 6.4% APR and with a finance contribution of £4500

Best cars for less than £500 per month

The TT Roadster might not be quite as sharp to drive as the TT coupé, but it’s still great fun and beautifully made, and its roof folds away electrically in just 9sec. To make the most of this 2.0-litre model’s performance you need quattro four-wheel drive.

Read our full Audi TT Roadster review >

Find a great Audi TT Roadster deal >