What Car?'s 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).
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10: Seat Ateca 1.5 TSI EVO SE Technology [EZ]
Target price cost per month: £253
Target price (on the road): £21,834
The deal: 4 years PCP finance with 5.9% APR, finance contribution of £2500 and 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.
10: Seat Ateca - interior
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 A200 Sport
Target price cost per month: £255
Target price (on the road): £23,704
The deal: 4 years PCP finance with 5.9% APR and 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 featuring a class-leading infotainment system, and is good to drive.
9: Mercedes A-Class - interior
It's pricey, though, which is why our discounts are worth paying attention to. This A200 petrol-engined version is a decent choice if you won't be covering enough miles to justify a diesel, while Sport is our recommended trim level.
8: Audi A3 Saloon 35 TFSI Sport [Tech Pack]
Target price cost per month: £283
Target price (on the road): £24,364
The deal: 4 years PCP finance with 6.5% APR, a finance contribution of £3000 and a limit of 8000 miles per year
If you fancy an executive saloon but can't really stump up the cash for an Audi A4, then the A3 Saloon is your next best bet. It's based on the A3 family hatchback, and gets the same range of powerful yet efficient engines, classy interior and blend of comfort and agility.
8: Audi A3 Saloon - interior
This version also comes with Audi's Tech Pack, which adds a touch-sensitive panel for the infotainment controller, and Audi's Virtual Cockpit digital instrument cluster, among other things.
7: Volkswagen T-Roc 1.5 TSI EVO SEL DSG
Target price cost per month: £255
Target price (on the road): £24,887
The deal: 4 years PCP finance with 4.9% APR, a finance contribution of £1250 and a limit of 10,000 miles per year
If a comfortable ride and an impressive array of safety kit is high on your list of priorities, then the T-Roc deserves a place on your new car shortlist. This version comes with a 1.5-litre petrol engine and an automatic gearbox, so will make light work of any urban commutes.
7: Volkswagen T-Roc - interior
SEL trim is worth looking at if you value your luxuries, because it comes with LED lights, 18in alloy wheels and sports seats, as well as Volkswagen's digital dashboard.
6: Audi A6 Avant 40 TDI Sport S tronic [Tech Pack]
Target price cost per month: £298
Target price (on the road): £33,925
The deal: 4 years PCP finance with 4.9% APR and a finance contribution of £6000
Marrying luxury with space, the Audi A6 Avant is more capable than most of munching its way from one end of the country to another, while also keeping you comfortable and fresh.
6: Audi A6 Avant - interior
This 40 TDI 2.0-litre diesel-engined model is the cheapest option in the range, but still has more than enough grunt to get a fully loaded car up to motorway speeds with ease.
5: Mazda MX-5 2.0 Sport Nav+
Target price cost per month: £259
Target price (on the road): £21,870
The deal: 3 1/2 years PCP finance with 3.9% APR, a finance contribution of £2000 and a limit of 8000 miles per year
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 - interior
Expect peppy performance, top-down driving thrills and a comfortable interior.
4: Skoda Kodiaq 1.5 TSI SE L [7 seats]
Target price cost per month: £279
Target price (on the road): £26,472
The deal: 4 years PCP finance with 4.3% APR, a finance contribution of £2500 and a limit of 10,000 miles per year
That you can buy a seven-seat SUV that's as good as the Kodiaq for substantially less than £300 per month represents nothing short of a great deal. And the Kodiaq is a great SUV, too, with a spacious interior and a decent haul of kit on SE L versions.
4: Skoda Kodiaq - interior
This 148bhp 1.5-litre petrol-engined version is ideal if you mainly drive in town, and is fine for the occasional trip with all seven seats filled too.
3: Mazda CX-5 2.0 Sport Nav+
Target price cost per month: £272
Target price (on the road): £26,611
The deal: 3 1/2 years PCP finance with 3.9% APR, a finance contribution of £1500 and a limit of 8000 miles per year
The CX-5 is one of the finest large SUVs you can buy, especially for those who don't need seven seats.
3: Mazda CX-5 - interior
This 2.0-litre petrol engine pulls strongly and is reasonably frugal too. 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.
2: Citroën Berlingo 1.2 Puretech M Feel
Target price cost per month: £251
Target price (on the road): £18,929
The deal: 4 years PCP finance with 4.9% APR, a finance contribution of £750 and a limit of 8000 miles per year
This exact version of the Berlingo drove away with our MPV of the Year trophy at the most recent What Car? Awards.
2: Citroën Berlingo - interior
Why? 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.
1: Range Rover Evoque D150 2WD
Target price cost per month: £295
Target price (on the road): £30,314
The deal: 4 years PCP finance with 5.9% APR and a limit of 8000 miles per year
The Range Rover Evoque is, quite simply, the best family SUV you can buy in 2020. Why? Well, as we said when we gave it our Family SUV of the Year trophy at our annual Car of the Year awards, it looks even more stylish than the original, while also improving upon it in every area which matters to SUV buyers.
1: Range Rover Evoque - interior
This D150 diesel-engined version might be the least powerful option in the range, but it still has more than enough punch to manage motorway journeys without any fuss.