Best Pcp Car Finance Deals – Cheap PCP deals were once widespread and it was easy enough to bag a new car for £100 a month. Today things are different. Car prices are rising, inflation is raging, car waiting lists can be as long as 12 months and £100-a-month deals are running thin.
There are cheap car deals to be found, but let’s be honest. A new car for £100 per month is obviously going to be at the cheaper end of the market, so don’t expect too many bells and whistles. APR rates for this bargain basement price tend to be higher than the norm as well. And you need a decent deposit.
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Below you will find the highlights, all of which are based on PCP agreements. If neither appeals to you, take a look at our £150 per month and £200 per month articles. An increase in monthly expenses rewards you with more cars to choose from and different types of finance.
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The Sandero is officially the cheapest new car in the UK, with a modest starting price of £12,595. Your £100 per month squeezes you into an Essential model. This is the cheapest Sandero, but unlike old versions it comes with DAB radio, remote central locking and cruise control.
Where the Sandero really excels is space for money. It is priced in the same way as a city car, but in terms of size it is actually closer to a supermini, such as the Ford Fiesta. Dacia also offers offers without a deposit. However, if you choose not to put any money down, you can expect monthlies to start from around £200 per month.**
The MG 3 is a small and affordable back-to-basics type of car. There is no three-door option and it only comes in two trim levels. The 1.5-litre engine is nothing to write home about, but its efficient use of dimensions results in a cabin that is one of the most spacious in its class.
It’s not as good as its supermini rivals, but the price makes it tempting as it’s as cheap as a city car. Its seven-year warranty also adds to its long-term appeal.**
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As far as city cars go, the i10 is one of the more eye-catching offerings. The honeycomb LED daytime running lights in the front grill are a nice touch, while the interior is more grown-up than other cars on this list.
It’s also a super easy car to drive, perfectly sized for the city. This deal is for a base-spec SE model, but you still get alloy wheels, bluetooth and cruise control.**
PCP finance for used cars is also available, but the finance deals are not as attractive. However, low APR rates (below 3%) from banks are out there for used cars depending on your credit rating.
Going the used route is also easy. Most used car dealers offer it, and they usually let you drive away the same day.
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Many are searching Google for £99 per month no deposit car deals. We are here to tell you that it is impossible to get a new car on these terms. If you don’t have money for a deposit but £99 to spare each month, we recommend saving up and buying a cheap used car for £1,000.
** These agreements are indicative examples of individual packages available from 4 January 2023, but are subject to change without prior notice. Everyone’s financial circumstances are different and the availability of credit is subject to status. Terms, conditions and exclusions apply. cannot recommend an appointment specifically for you.
Cheap PCP deals – the best cars for £100 per month £99 per month car deals Best cheap car deals Toyota Aygo X Cheap PCP deals MG 3 rea The best cars for £100 per month If your finance budget is up to £100 per month, check out these affordable used car PCP deals
You could buy a Ford Model Y for as little as £100 in 1935. The best part of a century later brand new models for even £100 a month are rare, but it is still possible to own a relatively new small car for a monthly budget of £100 thanks to the benefits of PCP schemes (Personal Contract Purchase).
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Used car prices have generally remained high in recent months, partly because low sales of new cars have meant that the supply of used cars is also limited. Demand for used models is still strong and this has pushed up used prices.
Unfortunately, that means the choice of PCP deals for buyers looking for a decent £100-a-month motor is less plentiful than it was before the shutdown. At the start of 2020, while you can expect a good £100 per month PCP campaign on one-to-two-year-old cars, the same sort of money at this point will get you something a little older. In fact, a search on our sister site BuyaCar suggests that buyers on a budget may have to lower their sights considerably.
Our round-up of the best deals under £100 today reveals that you can still pick up a two-year-old Skoda Citigo or Peugeot 108 for under the magic ton every month, but if you want to expand your horizons to other models then you may need to expand search further.
Even a 2015 car – as long as it’s well presented by a dealer with all recommended service history in place – should give drivers everything they need on a small PCP budget. The reliability, build quality and equipment levels of a five-year-old car should be such that, assuming it has been well looked after, you will get many more years of happy driving.
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All the cars on this list are either city cars or superminis. They do come with the compromises associated with a small body and engine, but many are surprisingly roomy and you won’t feel short-changed from something bigger.
Most city cars are refined, comfortable and great to drive too – and can even save you money in the long run with superior fuel economy and insurance costs. It is difficult to predict how the situation may change in the coming months. There are early signs that used car prices are starting to fall again, but it’s early days.
So read on for our round-up of some of the best used cars for less than £100 per month based on current prices at BuyaCar. All the cars listed here are offered on finance deals known as Personal Contract Purchase (PCP) schemes – so you pay a deposit at the start, followed by monthly payments. Deposits are normally flexible and can be as little as a single monthly payment. At the end of the payment period, there are normally three options – you can trade in the car for a deposit towards a new model, or pay a final payment to buy the car outright. You can also simply return the keys and part ways.
The Citigo is Skoda’s version of the VW group’s city car family, so a sister model to VW! and SEAT Mii.
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The VW version tends to be a little more expensive, although there is very little difference in reality between the versions, and all essentially in efficient use of space and fuel, while being solidly built and comfortable to drive. They’re also known for a “bigger car feel” thanks to impressive handling and refinement, which is especially valuable if you’re taking long motorway journeys.
You should be able to pick up a 2018 Citigo with 1.0-litre three-cylinder power for under £100 per month. That said, don’t be put off by an older car – especially if you’re attracted to paying a lower deposit under PCP terms. These little cars are well made and built to last.
This perennial favorite of the supermini set is also available for our target price of £100 a month, which should see you behind the wheel of a three-year-old 2017 model with low specification and average miles.
It’s not the latest model Corsa to arrive ‘all new’ in 2019, but the previous generation was smooth, well-equipped and comfortable and should be very reliable and cheap to run as befits a low-budget finance option.
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Although later cars all came with 1.4-litre engines of varying output, older models could have 1.0, 1.2 or 1.4 engines all offering different levels of efficiency and drivability, so make sure you find one engine that fits.
Another fantastic city car option for budget buyers is the previous generation Hyundai i10, available new from 2014 to 2019.
The small Korean runabout is particularly spacious, fun to drive and very comfortable, and reaches new regularly contested class honors in its segment. In fact, we made it our 2015 City Car of the Year, and we’ve learned nothing in recent years to dampen our enthusiasm for the model.
They are not available in large numbers, but there are a handful of options around. Prices starting at around £4,500 for a four- to five-year-old car mean they’re also achievable on a PCP budget of £100 per month.
Personal Contract Purchase
The Ka brand was once synonymous with the city car class, but Ford changed tack when the model was replaced with the larger Ka+ in 2016.
Available with only three doors so less practical
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