Cheapest lease deals: leases with the lowest overall cost

Want to run a new car for a few years for the lowest possible cost? Check out these low-cost leases on a number of appealing models

Matt Rigby
Jun 29, 2021

You can calculate the cost of leasing a car in various ways. You can look at the monthly payments, work out how much it costs you over the course of a year, or you can consider the total overall cost of the lease contract.

This last way is a particularly useful measure of the value for money that a specific lease deal could represent, because it includes the upfront payment for the lease and the cost of all the monthly payments. Stick to the mileage cap and keep the car in good condition and there should be nothing else to pay.

Below, we’ve listed eight of the cheapest deals available via our partners at The list might surprise you, too, because it includes smart-looking SUVs, upmarket brands, and some well-equipped models - it’s not just bargain-basement economy hatchbacks available for these low costs.

The setup of the deals varies, however - some require a greater initial upfront payment than others, some are year-long leases, while others are for two-year terms. There’s also a variation in the mileage limits being offered on each of the deals. But whatever the specific details, each of the deals shares one thing in common; they give you access to a great brand new car at an impressively affordable overall cost.

Best lease cars with the lowest overall cost

1. Seat Ibiza

Our pick Seat Ibiza 1.0 SE Technology
Total cost £3,165
Monthly cost £219

The Seat Ibiza is a small hatchback that manages to pull off the impressive trick of being both fun to drive and sensible to live with. The sensible part is that it offers plenty of space inside for both luggage and people considering its small size, and it can deliver just over 52mpg, meaning that you shouldn't have to pay much fuelling it.

The fun part is that it looks sharply stylish and is surprisingly enjoyable to drive. Yes, this deal is only for the basic low-power 80hp engine, so this version of the Ibiza is not going to win many sprints away from traffic lights, but it's a perfectly nippy car for relaxed everyday driving.

This deal is for the SE Technology trim, which comes with smart 16-inch alloys, a decent eight-inch media system, in-built sat-nav and full Android Auto/Apple CarPlay smartphone mirroring. To get hold of it you’ll need to stump up the equivalent of three monthly payments upfront (around £660) and keep paying around £220 every month for 12 months.

The mileage limit here is 8,000 miles, which should be more than enough for many motorists. Yes, you can up the limit if you expect to cover more miles. Just be aware that the higher the mileage allowance, the more you're likely to have to pay.


2. Ford Fiesta

Our pick Ford Fiesta 1.0 EcoBoost Hybrid mHEV 125 Active Edition 5dr
Total cost £3,725
Monthly cost £259

The Ford Fiesta is a popular car for a reason - it looks good, it’s well equipped and it’s fun to drive. And with this lease deal it’s impressively good value. The total cost of the lease is less than £3,750, although it’s only a 12-month contract so you will have to hand the car back after a year and look for another car at that stage.

Go for this deal and you'll need to stump up around £260 every month, as well as the equivalent of three months’ worth upfront. This offer includes a reasonable 8,000-mile mileage limit - that's around the average covered by a UK driver over a year, so should be enough for most motorists.

For that, you get the 125hp version of Ford’s surprisingly punchy 1.0-litre 'EcoBoost' petrol engine with mild hybrid technology to boost fuel economy, plus the ‘Active’ trim level, which gives the Fiesta a slightly taller ride height and a smattering of SUV-effect styling add-ons.


3. Audi A1

Our pick Audi A1 25 TFSI Sport
Total cost £3,795
Monthly cost £264

If the idea of getting behind the wheel of a brand new car with the upmarket Audi badge on the bonnet for the lowest possible cost appeals, look no further than this A1. The A1 might be the smallest, cheapest Audi you can get, but it feels as posh as the more pricey larger Audis, with the same sense of solidity and quality, inside and out. The fact you can have one for a year for well under £4,000 makes it impressively affordable.

For this money you only get the 1.0-litre 95hp 25 TFSI petrol version in mid-spec Sport trim, but that’s spritely enough and it does at least mean you should get more than 50mpg, so you won't need to pay much at the pumps.

This particular deal only lasts 12 months, and you’ll need to pay more than £800 upfront and £264 every month but you do get a mileage allowance of 8,000 miles. And you'll be able to switch to a different car after just a year, to keep things fresh.


4. Renault Clio

Our pick Renault Clio 1.0 TCe 100 Iconic 5dr
Total cost £3,867
Monthly cost £117

The latest Renault Clio is a comfortable, classy, well-equipped car that offers the same sort of boot space you’d expect from bigger, more expensive cars like the VW Golf or Ford Focus. With monthly payments of just £117, however, it very much costs small car money.

This deal will get you into the Clio for two years, which makes it perfect if you'd rather keep your car for a bit longer to get lower monthly payments than you'd have with an equivalent one-year lease.

This contract limits you to 5,000 miles every year, which might be a bit low for some drivers, but you can always pay a little more each month to get a higher limit. And although you’ll have to find nine months' worth of cash for the initial payment, that’s only just over £1,000, as the monthly cost for this lease is an impressively low £117 per month.


5. Seat Arona

Our pick Seat Arona 1.0 TSI 110 FR
Total cost £3,935
Monthly cost £274

The Arona is an appealing car that combines the best aspects of an SUV - such as a high driving position and imposing looks - with the best aspects of small, practical superminis, such as good fuel economy and compact dimensions ofr easy manoeuvring.

Add to that a punchy yet economical engine and great equipment levels, which include a decent eight-inch touchscreen media system on FR models such as this one, and you’ve got a seriously impressive package.

The deal available via for the Arona here is a two-year contract at just under £4,000, which makes it a very affordable deal overall, although the mileage limit is a fairly low 5,000 miles per year. Again, if that's not enough for your driving, you can always pay a little more every month to get a higher mileage cap.


6. Vauxhall Corsa

Vauxhall Corsa side

Our pick Vauxhall Corsa 1.2 Turbo SRi Premium
Total cost £4,148
Monthly cost £151

The Vauxhall Corsa has always been one of the most popular small cars in the UK, and the latest version is continuing in that tradition. It’s well priced and well-equipped, with
Even the most basic models getting alloy wheels, cruise control and electric windows. This SRi model gets a snazzy digital display for driving information instead of traditional analogue instruments, too, for a more modern feel.

With an initial payment of less than £500, then monthly payments of around £150, this lease deal is a very affordable way into a car that was only recently launched. This deal lasts two years, but it does limit you to just 5,000 miles every year, so budget a little more each month if you need a higher limit.


7. Dacia Sandero

Our pick Dacia Sandero 1.0 SCe Essential
Total cost £4,662
Monthly cost £142

The latest Dacia Sandero is far better than any car that claims to provide budget motoring has any right to be - it's enjoyable to drive, has plenty of equipment in most forms and is even pleasant to drive. It is best to avoid the basic ‘Access’ model, as this is very basic and doesn’t get body-coloured bumpers or even a radio, but for not much more per month, you can be driving the far more desirable Essential model.

This has a digital radio, electric front windows and air-conditioning. Not bad for a brand new car that will cost you less than £5,000 in total over the course of a two-year lease deal. In this case, you’ll pay around £1,300 for an initial payment followed by 24 monthly payments of around £140. The mileage is limited to 5,000 miles per year, though, as always, you can pay extra to up this to a higher figure.


8. Fiat 500

Our pick Fiat 500 1.0 Mild Hybrid Dolcevita
Total cost £4,566
Monthly cost £167

In terms of cuteness-per-pound, having a brand new Fiat 500 on your driveway for less than £170 per month is pretty darn hard to beat. The little 1.0-litre petrol engine isn’t all that powerful, but it now has mild hybrid technology - which boosts fuel economy and performance - and it should be perfect as an economical urban runabout.

This model is the well-equipped Dolcevita, which gets a charmingly retro two-tone paint job and full Android Auto and Apple CarPlay smartphone integration for the seven-inch 'Uconnect' media system, making it a desirable choice.

This is a two-year lease deal with a decent 8,000-mile-per-year limit and an initial payment of a little over £500.


*Representative PCP finance - Ford Fiesta:

48 monthly payments of £192
Deposit: £0
Mileage limit: 8,000 per year
Optional final payment to buy car: £2,923
Total amount payable to buy car: £11,926
Total cost of credit: £2,426
Amount borrowed: £9,500
APR: 9.9%

BuyaCar is a credit broker, not a lender. Our rates start from 6.9% APR. The rate you are offered will depend on your individual circumstances.


Latest best cars & vans

  1. Most customisable cars

  2. Cars with suicide doors

  3. Best American cars