The best new cars for under £150 a month

Set your monthly budget to just £150 and you’ll find you can take your pick from some brilliant new cars

A budget of £150 can get you a cracking car, and not just a diminutive city car, as included in our list of the best cars for under £150 per month is the Dacia Logan MCV and Renault Captur. 

While this is good news for some, a large number of motorists looking for affordable motoring only need a small car, and with the likes of the Volkswagen up!, Mazda 2 and Kia Picanto all appearing on this list, they will not be disappointed.

• Best new car deals 2018 

As you will read below, the most affordable car deals are usually PCP schemes, meaning you pay a deposit followed by a set number of monthly instalments and when your contract finishes, you get the option of paying a final balloon payment (and therefore take ownership of the car), or simply handing back the car to the dealer.

Along with the specifics of each deal below, there is an aim-to-pay cash price provided with the help of our sister site, Buyacar.co.uk. These represent the best current price for each car and provide a target to haggle towards with dealers. That being said, monthly prices are always likely to change, so be sure to check if the offers have changed. 

Best new cars for under £150 a month

  • Dacia Logan MCV – £109 per month
  • Volkswagen up! – £115 per month
  • Mazda 2 – £119 per month
  • Kia Picanto – £128 per month
  • Toyota Aygo – £129 per month
  • Smart ForTwo – £135 per month
  • Vauxhall Viva – £143 per month
  • Renault Captur – £149 per month 

Dacia Logan MCV – £109 per month

The Dacia Logan MCV is the type of car that forgoes frills and appeals to motorists with its utilitarian approach to life. However, the Ambiance level of trim mentioned in this deal comes with air conditioning, remote locking, DAB radio and electric front windows, so is not completely spartan. It boasts plenty of boot space, offering more than the Ford Focus estate but is beaten by the VW Golf estate. However, the Logan’s biggest party trick is its price. Costing less just over £7k in base spec, or £8,695 in Ambiance trim, it is fantastic value. 

Model: Dacia Logan MCV Ambiance SCe 75
Monthly payments: £109
List price: £8,695
Aim to pay: £8,661
Deposit: £1,913 
Deposit contribution: £0
Instalments: 37
APR: 4.9% 
Optional final payment: £3,632
Total to pay: £9,469 

Volkswagen up! – £115 per month

It may not be the biggest car in the Volkswagen range, but that does not stop the VW up! from being coming across as a sophisticated little motor. It’s a blast on a back road and should you occasionally venture on to a motorway you will find the up! to be a relatively safe place to be. The up! received an update back in 2016, providing customers with even more customisation options and a classier appearance. The changes also marked the switch to smartphone based sat-nav rather than a unit dedicated to the task of navigating you through the UK’s streets. Having said that, VW also modified the gearbox, which reduced performance in some models without any meaningful gain in economy. 

Model: Volkswagen Move up! 3dr 60PS
Monthly payments: £115
List price: £10,365
Aim to pay: £9,804
Deposit: £2,353 
Deposit contribution: £500
Instalments: 48
APR: 4.8% 
Optional final payment: £3,098
Total to pay: £11,366 

Mazda 2 – £119 per month

The Mazda 2 is one of the last free-revving naturally-aspirated superminis that you can buy. Which, combined with the fact it is exceptionally cheap to run, makes it a compelling options for car buyers. Once more, the entertaining engine and rock bottom running costs aren’t isn’t where the good news ends, you also get a car which is enjoyable to look at and is as practical as a as most of the competition. Furthermore, inside and you will find a well designed interior which is packed with technology. 

Model: Mazda 2 75ps SE
Monthly payments: £119
List price: £13,555
Aim to pay: £12,700
Deposit: £3,818 
Deposit contribution: £850
Instalments: 43
APR: 0% 
Optional final payment: £3,888
Total to pay: £12,705 

Kia Picanto – £128 per month 

The latest Kia Picanto is more appealing than ever, with good looks, a grown-up spec list and decent driving dynamics. Kia is offering a £750 deposit contribution on all but the entry-level version, so £2,300 up front means your monthly payments on our favourite Picanto 2 nudge below £130. If that isn’t enticing enough, don’t forget that Kia offers an industry-leading seven-year warranty on its cars. So if at the end of the 36 months, you decide to keep the car, you’ll still be covered for years to come. 

Model: Kia Picanto 2 1.0 GDI
Monthly payments: £128
List price: £10,850  
Aim to pay: £10,250  
Deposit: £2,300
Deposit contribution: £750 
Instalments: 36
APR: 4.9%
Optional final payment: £4,085
Total to pay: £10,983 

Toyota Aygo – £129 per month 

Toyota’s smallest model helped create the current city car genre with its super-frugal three-cylinder engine, perky styling and, in latest versions, great connectivity features. We like x-press trim with air-con, Bluetooth and a decent audio set-up; especially when you can get one for just £129 a month with a £2,199 deposit and zero per cent finance. 

Model: Toyota Aygo 1.0 x-press
Monthly payments: £129
List price: £12,055
Aim to pay: £11,050
Deposit: £2,199 
Deposit contribution: £0
Instalments: 41
APR: 0%
Optional final payment: £4,567
Total to pay: £12,055 

Smart ForTwo – £135 per month 

The Smart ForTwo, sometimes referred to simply a the Smart car, is one of the most iconic city cars in recent times. While it costs under £150 per month, it is by no means cheap. However, few rivals are able to match its miniature proportions, meaning many see it as the ultimate city runabout. Pure models aren’t awash with equipment, but when battling busy inner city streets, there is a strong argument for forgoing niceties such as alloy wheels.  

Model: Smart ForTwo Coupe Pure
Monthly payments: £135
List price: £9,995
Aim to pay: £9,995
Deposit: £0 
Deposit contribution: £1,208
Instalments: 48
APR: 2.9%
Optional final payment: £3,170
Total to pay: £10,697 

Vauxhall Viva – £143 per month 

The Vauxhall Viva is a well-priced and relatively stylish city car. All models come with electric mirrors and cruise control, which is a bonus not commonplace in this sector. It falls behind the likes of the Skoda Citigo, due to its lacklustre engine and uninspiring steering, but it is a great option if you aren’t interested is enjoying twisty roads outside of the city. 

Model: Vauxhall Viva 1.0i SE
Monthly payments: £143
List price: £10,635
Aim to pay: £9,699
Deposit: £2,000 
Deposit contribution: £0
Instalments: 41
APR: 4.2%
Optional final payment: £3,628
Total to pay: £11,526 

Renault Captur – £149 per month 

The Captur is Renault’s compact SUV offering, nestling in below the larger Kadjar. It comes with car-like handling and low running costs to boot. Similar to the standard Clio, it isn’t going to excite when you take it for a spirited drive, but what it does offer is a secure, comfortable and relatively refined drive. Inside you get a generous amount of cabin and boot space, with sliding rear seats meaning adding a modicum of extra practicality. 

Model: Renault Captur Expression+ TCe 90
Monthly payments: £149
List price: £15,615
Aim to pay: £13,949
Deposit: £3,990 
Deposit contribution: £0
Instalments: 37
APR: 0% 
Optional final payment: £6,261
Total to pay: £15,615

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