Top 10 Low Monthly Payment Cars in 2024

December 9th, 2024
Top 10 Low Monthly Payment Cars in 2024

Finding good car finance deals in 2024 is all about balancing price, features, and your needs. Whether you want a new car, a used car, or are considering a personal contract purchase (PCP), there is an option for everyone. You can choose from small hatchbacks to electric SUVs. These cars come with low monthly payments, good deposit finance options, and modern features.

Why Consider Cars with Low Monthly Payments?

Choosing a car with low monthly payments is a smart way to stay on budget. This helps you drive nice cars. It works for new cars and used cars, too. It becomes easier when you find low interest rates or dealerships that offer flexible financing options.

Key benefits include:

  • Low Starting Costs: Many models offer a minimum deposit or even options with no deposit finance.
  • Options: PCP deals provide an optional final payment. You can decide to own, return, or change the car.
  • Many Choices: Whether you like a Dacia Duster, a Tesla Model Y, or a BYD Dolphin, there are many options for city drivers, families, and EV lovers.

1. Dacia Sandero: The Budget-Friendly Choice

  • Starting Price: £13,795
  • Monthly Payment: Starting at £169
  • Representative APR: 6.9%
  • Deposit Contribution: £500
  • Mileage Limit: Up to 10,000 miles each year
  • Best For: Budget drivers looking for reliable transport.

The Dacia Sandero remains one of the best new cars if you’re looking for something affordable. Its simple design and low running costs are great for first-time buyers. You can also use flexible PCP deposit contributions and low APR finance to make it easier to purchase.

2. Renault Clio: Stylish and Versatile

  • Starting Price: £14,150
  • Monthly Payment: From £179
  • Representative APR: 6.5%
  • Deposit Contribution: £750
  • Mileage Limit: 10,000 miles a year
  • Best For: Drivers in the city who want a stylish hatchback.

The Renault Clio combines good looks and practicality. This makes it perfect for city driving. It is also one of the top new cars available with low monthly payments. You can pick from several final payment choices and flexible car leasing deals.

3. Hyundai i10: Compact and Affordable

  • Starting Price: £15,530
  • Monthly Payment: Starting at £179
  • Representative APR: 6.5%
  • Deposit Contribution: £900
  • Mileage Limit: 9,000 miles each year
  • Best For: Small families and city drivers looking for compact and affordable transport.

The Hyundai i10 is a small car that offers a lot for your money. It runs smoothly, has low emissions, and features a good range of monthly payments. This makes it an excellent pick for new car deals.

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4. Vauxhall Corsa: Iconic and Practical

  • Starting Price: £17,015
  • Monthly Payment: From £189
  • Representative APR: 5.9%
  • Deposit Contribution: £1,000
  • Mileage Limit: 10,000 miles per year
  • Best For: Drivers who want a hatchback that is stylish and practical.

The Vauxhall Corsa remains one of the top-selling cars in the UK. It offers a warranty that rivals more expensive brands. This provides you with peace of mind and has budget-friendly finance options.

5. Nissan Leaf: Leading the EV Market

  • Starting Price: £28,995
  • Monthly Payment: From £249
  • Representative APR: 5.5%
  • Deposit Contribution: £1,500
  • Mileage Limit: 10,000 miles/year
  • Best For: People who want an electric car that can travel long distances.

The Nissan Leaf is a wallet-friendly option in the electric vehicle (EV) market. It offers great car finance deals. The Leaf has low running costs and up-to-date technology. Also, with government EV incentives, it’s a smart choice for drivers who want to go green without spending a lot.

6. MG ZS EV: Affordable Electric SUV

  • Starting Price: £27,495
  • Monthly Payment: From £239
  • Representative APR: 5.9%
  • Deposit Contribution: £2,000
  • Mileage Limit: 12,000 miles per year
  • Best For: Families who want a spacious and eco-friendly option.

The MG ZS EV is a great choice in the electric SUV market. It provides plenty of space inside and has strong safety features. This makes it a perfect choice for families who want to help the environment.

7. Toyota Aygo X: Compact and Reliable

  • Starting Price: £16,140
  • Monthly Payment: From £189
  • Representative APR: 6.5%
  • Deposit Contribution: £1,000
  • Mileage Limit: 9,000 miles per year
  • Best For: City drivers who want small and efficient cars.

The Toyota Aygo X is perfect for driving in busy city streets. It offers affordable PCP deals. A lot of buyers looking for compact cars like it because it is dependable.

8. New MG HS: Luxury for Less

  • Starting Price: £22,495
  • Monthly Payment: From £299
  • Representative APR: 5.5%
  • Deposit Contribution: £2,500
  • Mileage Limit: 10,000 miles per year
  • Best For: Buyers who want premium features at a good price.

The new MG HS offers both luxury and practical features. This makes it a good choice for people who want low monthly payments on a brand new car. Its hybrid option adds to its appeal.

9. Peugeot 208: Stylish and Efficient

  • Starting Price: £18,695
  • Monthly Payment: From £199
  • Representative APR: 6.9%
  • Deposit Contribution: £1,200
  • Mileage Limit: 10,000 miles a year
  • Best For: Drivers who care about style and want good efficiency.

The Peugeot 208 is a sleek and modern hatchback. It offers excellent fuel efficiency and low emissions. Because of this, many people choose it for affordable car leasing deals.

10. Tesla Model Y: Premium Electric SUV

  • Starting Price: £44,995
  • Monthly Payment: From £499
  • Representative APR: 5.9%
  • Deposit Contribution: £3,000
  • Mileage Limit: 15,000 miles per year
  • Best For: Buyers who enjoy technology and want great performance.

The Tesla Model Y comes with modern features. It has an advanced autopilot system. There is also a special discount for people who want to test drive it early. Its long travel range makes it a top pick in the electric car market.

Cars with Low Monthly Payments

Additional Affordable Models Worth Considering

Here are more models to keep an eye on in 2024, in addition to the top 10 list:

  • New Suzuki Swift: A small car that saves fuel. It’s great for people who want to save money.
  • BYD Dolphin: A modern electric hatchback. It’s good for the environment and not pricey.
  • Mazda 2: A dependable small car with low emissions. It’s a great option for anyone needing a small car.
  • Honda Jazz: A versatile small car that is practical and has advanced features.
  • Skoda Fabia: A nice balance of low cost and good performance, perfect for city dwellers.

FAQs About Low Monthly Payment Cars

What Are the Benefits of Buying a Used Car with Low Monthly Payments?

Choosing a used car can save you money and still give you nice features. There are many finance options for used cars with good interest rates. This is especially true at reliable dealerships or platforms.

Can I Finance a Small Car with Low Monthly Payments?

Small cars, such as the Suzuki Swift, Fiat 500, and Honda Jazz, offer good financing choices. These cars generally cost less to purchase. This helps make monthly payments easier to manage.

What Are the Best Low Monthly Payment Electric Cars in 2024?

The BYD Dolphin, Tesla Model Y, and Polestar 2 are great options for electric cars that have low payments. Each car has new features and government benefits that can help save money.

What Should I Know About Deposit Finance?

Deposit finance terms can vary from one dealership to another. Many offer low or no-deposit options. This means you can make a deal without paying much at first. This is true for cars like the BYD Atto 3 and the Nissan Juke.

How Do Interest Rates Affect My Monthly Payments?

Your interest rates influence your monthly payments. People with a good credit history often get lower APRs. This applies when they are buying a new Suzuki Swift or a Mazda 2.

Is September a Good Time to Buy a New Car?

Yes, September is a key month for people looking to buy cars. Dealerships have sales and special offers on new cars. They also clear out older models during this time. Many brands, like Suzuki, BYD, and Skoda, join in to give great deals.

What Is a Mileage Limit in a PCP Deal?

Mileage limits, such as 10,000 or 12,000 miles per year, are common in PCP agreements. If you drive more than these limits, you could get extra charges. It’s important to choose the right limit based on how much you drive.

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