Top 10 Affordable Cars to Finance in 2024

Car Finance
December 30th, 2024
Top 10 Affordable Cars to Finance in 2024

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Finding good car finance deals for 2024 can be easy. If you want a new car with small monthly payments or a used car with great value, this guide shows the top 10 affordable cars to finance. These cars range from hatchbacks to compact SUVs. They come with features like flexible personal contract purchase (PCP) options and good interest rates. To get the best deal, use a comparison service to look at options from our broker panel. This will help you save on the total amount you pay over time.

The table below provides a quick comparison of the key features, pricing, and finance options for the top 10 affordable cars to finance in 2024.

Car Model Starting Price (£) Finance Option Notable Features
Dacia Sandero 13,795 Low PCP monthly payments Electric windows, rear seats
Renault Clio 14,150 Flexible PCP deals Stylish design, strong warranty
Nissan Leaf 28,995 EV incentives, low APR Zero emissions, long range
Toyota Aygo X 16,140 Affordable leasing deals Compact size, cruise control
Dacia Spring 20,000 (est.) Low-cost EV finance Budget-friendly EV option
Skoda Fabia 18,731 Attractive PCP options Spacious interior, tech features
Hyundai i10 15,530 Competitive leasing deals Automatic gearbox, easy handling
BYD Atto 3 35,000 EV finance, gov’t incentives Electric SUV, modern design
Ford Puma 24,830 Flexible PCP terms Hybrid SUV, practical interior
Volkswagen Polo 18,070 PCP with deposit contributions Reliable, low running costs

Monthly Payments and Total Interest Comparison

What Are the Best Affordable Cars to Finance in 2024?

If you want to find good affordable cars to finance, consider models like the Dacia Sandero, Toyota Aygo X, and Nissan Leaf. These cars have low monthly payments and flexible deals. They also come with features like automatic gearboxes and cruise control. This makes them perfect for people who want to save money.

1. Dacia Sandero: The Cheapest New Car to Finance

The Dacia Sandero remains a top choice for people in the UK looking for an affordable car. It is easy to use and very practical. Some features include electric windows, plenty of space in the rear seats, and a nice design.

  • Starting Price: £13,795
  • Finance Options: Flexible PCP deals with a low sum of money upfront.
  • Best For: Buyers who want the price of the car to fit their monthly budget.

2. Renault Clio: Stylish and Reliable

The Renault Clio is a small car that is both stylish and affordable. It offers a smooth ride and has good value. This makes it a great choice for first-time buyers.

  • Starting Price: £14,150
  • Finance Features: Provides new car deals with PCP deposit contributions.
  • Best For: Drivers who want a practical and stylish choice.

3. Nissan Juke: Affordable Urban SUV

The Nissan Juke combines the flexibility of an SUV with a trendy look. Its small size and fuel-efficient engine make it a top choice for driving in the city.

  • Starting Price: £19,200
  • Finance Highlights: You can have low monthly payments and flexible mileage limits.
  • Best For: People living in the city who want a bold and modern car.

4. Fiat Panda: Quirky and Affordable

The Fiat Panda is a small car. It has a unique and useful design. Its light weight and easy-to-use controls make it great for short trips.

  • Starting Price: £13,775
  • Finance Features: Flexible PCP deals with terms you can handle.
  • Best For: Drivers who want a fun and affordable hatchback.

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5. Dacia Sandero Stepway: Rugged Yet Affordable

The Dacia Sandero Stepway is a crossover version of the well-liked Sandero. It has a tougher look but still stays affordable.

  • Starting Price: £14,995
  • Finance Highlights: Low upfront costs and good interest rates.
  • Best For: Families who need more space and flexibility.

6. New Suzuki Swift: Sporty and Efficient

The new Suzuki Swift is a small car that is fun to drive. It handles well and doesn’t cost too much to run. Its light weight helps save fuel, and it still looks great.

  • Starting Price: £16,499
  • Finance Options: You can find test drive discounts and low deposit choices.
  • Best For: Young workers who want a budget-friendly and enjoyable vehicle.

7. BYD Dolphin: The New Player in Affordable EVs

The BYD Dolphin is a new and exciting car in the electric car market. It has a modern look and a good price. Because of this, it is becoming a popular and affordable EV option.

  • Starting Price: £25,000
  • Finance Highlights: Includes government help for EVs and flexible loan options.
  • Best For: Drivers who want to switch to EVs without spending too much.

8. Volkswagen ID.3: The Future of Affordable Electric Cars

The Volkswagen ID.3 is a top pick for electric cars that are easy to use. It has a big interior and modern technology. This makes it a great choice for families.

  • Starting Price: £28,370
  • Finance Features: Comes with PCP deposit contributions and low monthly payments.
  • Best For: People looking for a new and eco-friendly car.

EV Key Features Comparison

9. New MG HS: Stylish and Spacious SUV

The new MG HS brings together luxury and affordability. It has a roomy interior and up-to-date technology. This makes it a smart SUV choice for families.

  • Starting Price: £22,495
  • Finance Options: Flexible car leasing deals and appealing APRs.
  • Best For: Families looking for a roomy and affordable SUV.

10. Peugeot 208: The Compact Hatchback Leader

The Peugeot 208 is a stylish and small car. It has strong safety features. Many people see it as a good value. It’s a great pick for those who want both style and efficiency.

  • Starting Price: £18,695
  • Finance Features: Great new car deals and cheap PCP options.
  • Best For: Drivers who want a stylish and efficient hatchback.

Why Use a Car Finance Comparison Service?

Finding a good car finance deal can help you save a lot of money in the long run. A comparison service like Free Price Compare lets you:

  • Look at interest rates and terms from several lenders.
  • Find special PCP deals and car leasing deals.
  • Adjust finance options to match your monthly budget and credit situation.

Explore car finance choices today! Use our comparison service to find the best offers for the car you want.

Breakdown of Total Costs by Car Type

FAQs About Affordable Cars to Finance in 2024

What is the cheapest new car to finance in 2024?

The Dacia Sandero is the cheapest car available. It starts at £13,795. You can choose from low monthly payments and good finance options.

Are there affordable hybrid or electric cars to finance?

Yes, cars like the Dacia Spring, Nissan Leaf, and Toyota Aygo X Hybrid are good options. They are eco-friendly and have easy finance plans. You can also benefit from government incentives for electric vehicles (EV).

How does my credit score affect car finance?

A higher credit score can help you get lower APR rates and better terms. If you have a poor credit score, options like guarantor loans can still make car finance possible for you.

What features make cars like the BYD Atto 3 a good choice?

The BYD Atto 3 is a modern electric SUV. It has a roomy interior and smart features such as cruise control. This vehicle is a great choice for families looking for a budget-friendly and innovative option.

Which compact cars offer the best finance options?

Compact cars such as the Volkswagen Polo, Skoda Fabia, and Mazda 2 are well-liked. They stand out because they are reliable. Plus, they have low running costs and good finance options.

Can I finance a car with features like automatic gearboxes?

Yes, cars like the Hyundai i10 and Toyota Aygo X have choices with an automatic gearbox. They also offer flexible finance plans. This makes driving easier and more convenient.

Are there warranties included with affordable car finance deals?

Most new cars, like the Ford Puma and Skoda Fabia, have a warranty from the manufacturer. This gives you extra comfort while you are paying off your loan.

How can I get the lowest monthly payments?

To get the lowest monthly payments, think about a PCP deal that has a bigger deposit or a longer loan term. You should also use a car finance comparison service to compare deals. This will help you find the best options.

Are SUVs like the BYD Atto 3 or Ford Puma expensive to finance?

Not really! The BYD Atto 3 and Ford Puma both have flexible payment plans. They also offer good APR rates. This makes them great choices for families that need more room.

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