Best cars for less than £150 per month

Last updated: Feb 18, 2015

If you’re looking for a new car but your budget is the length of a shoestring, you may think your choice is limited. However, the market is now awash with bargain motors – many of which can be had for less than £150 per month.

Britain's bestselling car, the Ford Fiesta will cost you less than £140 per month for a desirable Zetec model, while the brilliant Hyundai i10 can cost less a month than filling the tank of a Range Rover.

There's a wide range of purchase options available to suit every budget, from straightforward leasing through to personal contract plans, with which you can make a final payment and keep the car - although you'll usually have to pay a reasonably large deposit. Find out more about car finance.

Bargain motoring is now more accessible than ever, so if you’re strapped for cash but need something to get you from A to B, here are our recommendations for the best budget buys on the market right now.

Nissan Note mini MPV

There are cheaper small hatchback cars to buy, but few offer as much space inside as the Nissan Note. There are plenty of choices for less than £150 a month, but stretching your budget by just £50 a month can uncover some even more enticing deals. The current car might have shed its old boxy image, but this model provides more space than the larger Nissan Juke, and Nissan usually offers a range of deposit contributions to sweeten the deal yet further. Read more.

Key points

3.8 / 5
Price 
£9,995 - £18,020

Hyundai i10 hatchback

The new Hyundai i10 won Carbuyer Car of the Year in 2014, simultaneously taking Best City Car in the process, and now you can get behind the wheel of the i10 for just £69. The 1.0-litre BlueDrive model returns 65.7mpg and CO2 emissions of 98g/km, making the car cheap to run and free from paying road tax. The interior is spacious and the boot's one of the biggest in its class. The car is surprisingly good to drive and also quieter on the motorway than rivals such as the Citroen C1. A five-year warranty rounds off an excellent package. Read more.

Key points

4.9 / 5
Price 
£8,895 - £12,945

Skoda Citigo hatchback

If you want to cut your motoring bills, you could do worse than selecting a Skoda Citigo for your daily drive. Available from as little as £75 per month, the small Skoda represents incredible value. For rock-bottom running costs and decent levels of equipment we recommend the 1.0 GreenTech Elegance, which emits a tax-busting 96g/km of CO2. Read more.

Key points

4.9 / 5
Price 
£8,275 - £11,120

Ford Fiesta hatchback

The Ford Fiesta is a former Carbuyer Supermini of the Year and continues to sell in droves, in fact it is Britain's most popular new car. It's stylish, great to drive and costs little to run – and all apart from the flagship cars are available on a small budget. We recommend the perky 1.25-litre Zetec, which costs less than £140 a month. Read more.

Key points

4.4 / 5
Price 
£10,145 - £18,395

Kia Cee'd hatchback

If you’re willing to sacrifice a degree of performance for a gain in practicality, then the Kia Cee’d is a sound choice. It's a solid, well-built and comfortable family hatchback, with enough space to rival the Ford Focus. Your £150 a month budget will stretch to a 1.4-litre petrol model in a trim that'll feature air-con and Bluetooth connectivity. Read more.

Key points

4.6 / 5
Price 
£14,805 - £24,205

Peugeot 208 hatchback

There are a number of affordable ways to get yourself a Peugeot 208. The handsome small hatchback can be leased for less than £120 a month and it's also on the firm's "Just Add Fuel" scheme. That means for a monthly fee of £149 a month, you can get the car, alongside three years insurance, servicing, warranty and breakdown cover. All you need to do is pay for your fuel. Read more.

Key points

4.1 / 5
Price 
£11,695 - £21,995

Vauxhall Corsa hatchback

The Vauxhall Corsa is the newest model here, but there are still some appealing deals on offer. Motorists can walk away with a Corsa Sting model for £129 a month, although we'd recommend stretching to another £10 a month for a five-door Excite model. A further £10 a month can secure a three-door Limited Edition model. If you fancy a personal contract purchase deal, then you can choose that same Limited Edition model for £149 a month. Read more.

Key points

4 / 5
Price 
£9,265 - £17,595

SEAT Ibiza hatchback

There's no shortage of choice when it comes to a SEAT Ibiza for less than £150 a month. In fact, you can park a three-door Ibiza SC model on your drive for just £115 a month. Although that's a bargain, we'd spend a little more to get a more powerful engine. The sweet spot is the 1.2-litre TSI engine in sporty FR Black trim for just £145 a month. Read more.

Key points

3.7 / 5
Price 
£11,865 - £17,335

Suzuki Swift hatchback

There are plenty of superminis within the £150 per month budget, but one still stands out as a relative rarity – the Suzuki Swift. This capable hatchback, available from £99, is fun to drive and looks great. The 1.2-litre engine can feel underpowered, but around town the light steering makes parking a doddle. To access the £99-a-month deal, you'll need to pay a £3,500 deposit - without it, monthly repayments grow to £169. Read more.

Key points

3.7 / 5
Price 
£8,999 - £14,199

Fiat Panda hatchback

The Fiat Panda is another practical, yet funky choice. And it's affordable too, with a £109 deposit and £109 a month for two years to secure a 1.2-litre Panda Pop. It's not the most lavishly-equipped model in the range, but the repayments are low, and the optional final payment is low at just £2,150. Small family car ownership simply doesn't come much cheaper. Read more.

Key points

4.2 / 5
Price 
£9,375 - £14,975