25 January 2017 by Christofer Lloyd, Finance Editor

  • Hyundai i10 for £100 per month
  • Dacia Sandero Stepway
  • MG 3
  • Smart Forfour
  • Skoda Fabia
  • Smart Forfour
  • Six super savers from just £99 per month
  • Put down as little as £1,300 as a deposit
  • Pay less than the list price with the best deals

Fancy a car for less than an all-singing, all-dancing Sky TV, broadband and phone bundle? It can be done. Shop around and there are some great-value PCP finance deals available, that get you the keys to a brand new car with change to spare – whether you have a deposit to put down or not.

We’ve rounded up the most appealing offers that mean that you can trade in your old banger and step into a shiny new model that should cost peanuts to run and look much smarter on the drive. If you can’t quite stretch to £100 each month, head over to our round-up of the best cars available for £90 per month.

Do be aware, though, that you’ll have to put down a larger deposit or spread costs over a longer period – if the manufacturer allows this – to cut a £100-per-month model down to less than £90. Check out our Deal Watch page to see all the best cash and finance offers available each week and try our car finance calculator to see how much you can afford to borrow.

 

Smart Forfour - £99/month

This Smart may be small and super-manoeuvrable – with its ability to transform many three-point turns into U-turns – but it squeezes in five doors and space for four, as you’d expect given the name. What’s equally small, thankfully, are the monthly payments. Just £99 per month over four years gets you into this Smart, with a reasonable £1,999 deposit.*

APR charges are relatively low at 3.9%, while a huge £1,842 deposit contribution means you’ll actually have paid less than the list price if you choose to make the optional final payment to buy the car at the end of the contract – to the tune of £929.

Smart Forfour 1.0 Passion

Monthly cost: £99 (48 payments)

Deposit: £1,999 (£1,842 deposit contribution)

APR: 3.9%

Total amount payable by customer to buy car: £10,691

Total amount payable by customer if returning car: £6,751

Cash price: £11,620

Mileage allowance: 7,000 miles per year

 

Dacia Sandero Stepway - £99/month

The Smart may major on style, but the Sandero's big plus point is space. In Stepway form, it rides higher than the standard version – making it easier for less mobile passengers to get in and out – while adding an almost-SUV feel to the car.

One thing that isn’t higher, though, is the price  at £99 per month over four years. Although you’ll have to put down a slightly bigger deposit of £2,159. Interest charges are also higher, with twice the APR, but in exchange you get a turbocharged 0.9-litre petrol engine that is much mightier than its small size suggests.*

While the high interest bill – and small deposit contribution – mean you’ll pay more to borrow the Sandero for four years than the Smart, its lower list price means you’ll have spent £982 less if you buy it when the contract ends.

Dacia Sandero Stepway TCe 90 Ambiance

Monthly cost: £99 (48 payments)

Deposit: £2,159 (£500 deposit contribution)

APR: 7.9%

Total amount payable by customer to buy car: £9,710

Total amount payable by customer if returning car: £6,911

Cash price: £8,795

Mileage allowance: 6,000 miles per year

 

MG 3 - £99/month

It’s easy to forget about the MG 3 when car shopping, as you don’t often stumble across a dealer or see one on the road. However, the entry-level model is pretty good value through PCP finance at £99 per month, albeit with a substantial £2,369 deposit.*

Where the MG stands out is with its large 1.5-litre engine, which pumps out much more power than you’d expect for a car of this price. It’s not the best value should you return it after three years, as the Skoda below will cost you less. However, if you plan to buy it at the end of the contract, this is the cheapest car in our line up – by a large margin.

MG 3 1.5 Time

Monthly cost: £99 (35 payments)

Deposit: £2,369 (£900 deposit contribution)

APR: 6.9%

Total amount payable by customer to buy car: £8,264

Total amount payable by customer if returning car: £5,834

Cash price: £8,399

Mileage allowance: 10,000 miles per year

 

Want to find out more about car finance? Take a look at the articles below:

Top value cars for £90 per month

Lease a car, fuel and maintain it for less than a train season ticket

Car finance explained: what is PCP?

What happens at the end of a PCP deal?

Should I get car finance? Six questions to ask yourself

 

Skoda Fabia - £100/month

Despite being a class above the Smart and much less basic than the Dacia, the Skoda Fabia is even more affordable. That’s because you need to put down just £1,300 as a deposit to get it for under £100 per month. Plus, you can change the car sooner as the contract runs for 42 months rather than 48.*

Best of all, apart from the weedy 1.0-litre petrol engine – which does without a power-boosting turbocharger like the Dacia above – there’s nothing to make you think you’re driving such a cheap car. And you can cover more miles, with an allowance of 10,000 miles per year. Drop that to just 5,000 miles per year, however, and you can get this car for less than £90 per month or its smaller sibling, the Skoda Citigo.

The key to why the Skoda is such good value? A huge £2,000 deposit contribution and low 2.9% APR mean financing the Fabia is a cheaper way to buy the car – should you decide to make the optional final payment – than simply paying cash upfront.

Skoda Fabia 1.0 60 S

Monthly cost: £100 (41 payments)

Deposit: £1,300 (£2,000 deposit contribution)

APR: 2.9%

Total amount payable by customer to buy car: £9,758

Total amount payable by customer if returning car: £5,410

Cash price: £11,155

Mileage allowance: 10,000 miles per year

 

Hyundai i10 - £100/month

Like the Skoda, the i10 starred in our best cars for less than £90 per month story, but it still makes lots of sense if you are able to pay a little more each month. That’s because if you can afford £100 monthly payments you can put down a more palatable deposit – at £1,700 – and get a very grown up city car, with a surprising amount of standard kit.*

Included with the i10 are air conditioning, cruise control, electric windows for those in both rows of seats and handy split-folding rear seats. As with the Skoda, the 1.0-litre petrol engine isn’t the most powerful, but you do benefit from the prospect of 60mpg claimed fuel economy.

Hyundai i10 1.0 66 SE

Monthly cost: £100 (48 payments)

Deposit: £1,700 (£500 deposit contribution)

APR: 4.9%

Total amount payable by customer to buy car: £9,459

Total amount payable by customer if returning car: £6,510

Cash price: £8,995

Mileage allowance: 8,000 miles per year

 

Kia Picanto - £100/month

A new Kia Picanto may be imminent, but if you’re happy to drive the old one and haggle with the dealer for a rock-bottom price – or plan to buy the car at the end of the contract to take advantage of the interest-free credit – this could be the car for you.

A deposit of £2,200 is reasonable when allied to £100 per month payments and a shorter 36-month contract – meaning you can afford to buy the car sooner. Hand the car back after three years and you’ll have paid more than running the Skoda Fabia above for 42 months, but you’ll have spent much less than with the Skoda if you choose to buy the car when the contract finishes.*

Kia Picanto 1.0 1 Air

Monthly cost: £100 (36 payments)

Deposit: £2,200 (£0 deposit contribution)

APR: 0%

Total amount payable by customer to buy car: £8,695

Total amount payable by customer if returning car: £5,794

Cash price: £8,695

Mileage allowance: 10,000 miles per year

 

*Deals are correct at time of publication. Everyone’s financial circumstances are different and credit is not always available – Parkers cannot recommend a deal for you specifically. These deals are indicative examples of some packages available this week.