Few people look at the list price of a new car these days, with the monthly cost of a Personal Contract Purchase (PCP) the more relevant factor. With this in mind we’ve selected 10 new cars you can buy for £150 or less.
Mileage restrictions, interest and deposit contributions vary, so use this as a guide before contacting your local dealer. Images used are for illustrative purposes only.
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Skoda Citigo 5dr Colour Edition: £135.00
The Skoda Citigo is one of our favourite cars at any price. Right now, you can drive away in a five-door Colour Edition finished in Candy White paint for £135 a month. Skoda will contribute £1,000 to the deposit, leaving you to find £751.72 up front.
Hyundai i10 Premium 1.0: £148.21
In Premium trim, the Hyundai i10 offers big car toys in a small car shell. If you can find £2,298 for the deposit, Hyundai will add £500, leaving you to spend £148.21 a month on this excellent city car. The less well-endowed S and SE models are even cheaper.
Volkswagen Polo Match Edition 5dr 1.0: £149.00
With a new Polo waiting in the wings, Volkswagen is keen to shift stock of the outgoing model. The monthly payments for the Polo Match Edition are spread over 47 months and you’ll need to fork out £2,506.31 for the deposit. Volkswagen will add £1,800 to the pot.
Dacia Logan MCV Laureate TCe 90: £119.00
The Dacia Logan MCV is Britain’s cheapest new estate car, with an impressive 573 litres of boot space. This 48-month deal includes a five-year extended warranty and a £500 dealer deposit contribution.
Renault Captur Expression+ TCe 90: £139.00
The Expression+ trim isn’t the most generous in the sector, but it does offer air conditioning, cruise control, keyless entry and auto light/wipers. This 0% finance offer includes a £750 dealer deposit contribution. You just need to find £3,643 for the deposit.
Peugeot 108 Active Top: £145.04
Finding a topless new car for £150 a month is going to be tough, but the Peugeot Active Top might be a good compromise. You’re limited to 6,000 miles a year and the interest rate is 4.9%, but you’ll pay £145.04 a month.
Suzuki Celerio 1.0 SZ2 5dr: £79.00
Some people will spend more on a mobile phone contract than the monthly cost of this Suzuki Celerio. The entry-level SZ2 model is available for £79 a month after a deposit of £2,363. Just keep an eye on the 6,000-mile restriction and the 5.7% interest.
Ford Fiesta ST-Line: £139.00
The ST-Line offers the styling of the Fiesta ST with some of the fun. Right now, Ford is offering a £1,000 saving on Fiesta ST Line, ST and ST200 models, with the ST Line available for £139 a month. The deposit: £4,788.
Nissan Micra IG-T 90 Tekna: £149.00
It’s a Micra, Vera, but not as we know it. Nissan is hoping to shake off the Micra’s rather dowdy image and appeal to a younger audience with this bold new city car. The £149 a month deal includes a meaty £5,353 deposit, but at least there’s no interest to pay. The offer is based on 8,000 miles per annum.
Toyota Aygo X-Press: £129.00
You’re limited to the same amount of miles in the Toyota Aygo X-Press, but you’ll pay £20 less for the privilege. Simply find £2,131 for the deposit and spend £129 a month for the next 42 months.