Best cars under £300 a month

The best cars under £300 a month don't come much better than these

Murray Scullion
Aug 13, 2018

Spending £300 a month on a car works out at around £10 a day, which, if you tend to splash out on lunch, could be less than you spend on fashionable food. By the time you've slurped two organic soy lattes with sugar free hazelnut flavouring, and choked down a smoked salmon, avocado, and egg protein pot, your bank account will already be £10 down before your lunch break is over.

Make your own sandwiches and you could swap fancy coffee and an organic lunch every day for a Range Rover. It might be a used version of the compact Evoque, but it's still as luxurious and rugged as you'd expect from a Range Rover.

If used cars don't butter your sourdough bread, how does a new Nissan 370Z sound? A 3.7-litre V6 engined sports car could be yours for the same price as queuing for breakfast every day. Not to be content with fancy SUVs and sports cars, there are plenty of more practical family cars, such as the Toyota C-HR for £300 a month or less.

The market is full of great cars for the same price as lunch at the moment, and you can search them all by clicking below - or scroll down for our top ten, comprising of five used, and five new deals.

Best used cars for under £300 a month

All used car finance quotes are based on a 48 month PCP agreement with 10% deposit and a representative APR of 7.9%

Range Rover Evoque

Best car under £300 a month for the fashion-conscious

Our pick Range Rover Evoque TD4 HSE Dynamic
Latest Range Rover Evoque deals from £18,100
Finance from £264 per month

The Range Rover Evoque has often been compared to a designer handbag, as it’s small and stylish, but carries an expensive price tag from new. As these fashionable cars have thousands of configurations from new, and they sold really well, for £300 a month there’s a seemingly endless selection. Typically, 2015 cars with fewer than 30,000 miles are within budget.

It's worth looking for a car with the TD4 diesel engine that became available from August 2015. Known as an Ingenium engine, it's more efficient than earlier models.
Range Rover Evoque buying guide 

Mercedes E-Class

Best car under £300 a month for executives 

Our pick Mercedes E-Class E220d
Latest Mercedes E-Class deals from £13,490
Finance from £191 per month

Family cars don’t come much more luxurious than this. Mercedes prides itself on providing a premium car that can shut out the noise of the outside world and glide over the worst that British roads can offer. In the back there’s acres of room (except for in the middle seat) and the the saloon has a big boot which has 20 litres more space than the BMW 5 Series, and ten litres more space than the Audi A6.

For your £300 a month you can get a current generation 2016 car in base SE specification. This has plenty of equipment, but nothing fancy like ash wood inside or big alloy wheels on the outside. Plump for the diesel engined E220d - the cheaper and more frugal E220 is too slow for most people.
Mercedes E-Class buying guide

BMW i3

Best car under £300 a month for emission free motoring

Our pick BMW i3 Range Extender
Latest BMW i3 deals from £17,699
Finance from £259 per month

BMW’s i3 is still so modern and up to date that people struggle to believe that it’s been around since 2013. It can be bought as a pure electric car or with a tiny petrol engine to accompany the electric power. Theoretical range of the pure electric i3 runs to 195 miles, while the range extender officially extends range to 276 miles. But don’t expect to get figures anywhere near this.

£300 a month will just about squeeze you into a 2016 model, which has an improved charging time (around three hours from a fast-home charger) over older models. Aim for a range extender model if you can find one.
BMW i3 buying guide

Renault Megane Renaultsport

Best car under £300 a month for hot-hatch lovers 

Our pick Renault Megane Renaultsport

The Megane RS is one of the finest hot-hatchbacks you can have for less than £300 a month - in fact, they can be snapped up for much less. For the budget, you can get a 261hp 2.0-litre engine, massive Brembo brakes, and the finishing touches on any hot-hatch: deep bucket seats.

A new Renault Megane RenaultSport has recently gone on sale, which is set to drive prices further down too. Stump up the cash for a cup model - as this gets stiffer suspension for a more sporting experience.

Citroen Grand C4 Picasso

Best car for £300 a month for 7-seat thrills

Our pick Citroen Grand C4 Picasso Touch Edition BlueHDi 120 S&S
Latest Citroen Grand C4 Picasso deals from £9,947
Finance from £164 per month

Seven-seaters don’t come much more funky than the Grand C4 Picasso. Narrow lights and a curved bonnett do some good for its style, while inside, it’s massive, and comfortable.

Unsurprisingly it’s practical too - in the middle there are three Isofix mounting points, and there are also power sockets and airline style folding tables on top spec models.
Citroen Grand C4 Picasso buying guide

Best new cars for under £300 a month

Toyota C-HR

Best car under £300 a month for hybrid economy with a stylish body

Our pick Toyota C-HR Excel
Latest Toyota C-HR deals from £16,799
Finance from £225 per month

Crossovers are huge business at the moment, and the C-HR is one of the sharpest looking on the market. It’s also taken home many accolades and can be optioned with a hybrid, which combines a traditional petrol engine with an electric motor.

£300 a month is enough to get a new C-HR on your driveway, and Toyota is offering 0%APR on a 24 month deal. That does mean you’ll have to cough up a hefty deposit of more than £4,500 though. There’s also the option to buy at the end of the 24 months for a price of £13,140.
Toyota C-HR buying guide 

Mazda CX-5

Best car under £300 a month for crossover enthusiasts 

Our pick Mazda CX-5 2.0 SE-L Nav
Latest Mazda CX-5 deals from £12,889
Finance from £178 per month

Another smart crossover here, the CX-5 is handsome and has punchy diesel and petrol engines available. For a car of its size, it drives remarkably well and much like a regular car which is much smaller.

APR of 3.9% is competitive, while the deposit of just over £3,000 isn’t too bad for a brand new car either. This offer is for a two-wheel-drive version, which is fine for average drivers. But if you want a sure-footed four-wheel-drive CX-5 you’ll have to spend more.
Mazda CX-5 buying guide

Skoda Kodiaq

Best car under £300 a month for space 

Our pick Skoda Kodiaq 2.0TDI SE 
Latest Skoda Kodiaq deals from £23,989
Finance from £337 per month

A new seven-seater for £299 a month is pretty good value - it works out at about £42.70 per month per seat if you’re that way inclined.

The Kodiaq, often referred to as the Skodiaq by people in Skoda circles, is obviously high on space and seat count, but is also high on tech. DAB digital radio, phone connectivity and keyless entry and ignition come as standard on all models. Watch out on these deals though - as the APR isn’t quite as low as some manufacturers offer, and the deposit is a steep £7,373.71
Skoda Kodiaq buying guide

Nissan 370Z

Best car under £300 a month for speed-freaks

Our pick Nissan 370Z GT Coupe
Latest Nissan 370Z deals from £20,995
Finance from £310 per month

Bang for your buck hoarders, here is your car. From new, Nissan will let you drive awa with a 370Z for as little £250 a month - which gets you 322hp underneath your right foot. The 370Z might be a bit long in the tooth, but it is still fantastic to drive and fast too - sprinting to 60mph from a standstill in 5.2 seconds. It looks and sounds great too, and expect it to get you lots of attention.

APR of 0.0% is rock-bottom too - but the flip side is that you do need to invest £7,374 as a deposit.

Mercedes A-Class

Best car under £300 a month for impressive gadgets 

Our pick Mercedes A200 Sport
Latest Mercedes A-Class deals from £11,480
Finance from £165 per month

The brand-new Mercedes A-Class is a massive step up from the old one, and is one of the best luxury hatchbacks you can buy today.

Your £300 a month probably won’t quite get you a car with its novel augmented reality sat-nav, but it will buy you an entertainment system which is best in class.
Mercedes A-Class buying guide

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