Best used cars for under £300 per month

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

Murray Scullion
Jan 30, 2019

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 a marque whose famous owners include The Queen, Kim Kardashian, and most of Manchester United's first team.

And if that doesn't butter your sourdough bread, how does a hybrid BMW i3 sound? Or a rip-snorting hot-hatch, like a Peugeot 308 GTI?

Scroll down and take a read of the best used cars for £300, where we have highlighted six of the best around.

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

Best used cars for under £300 a month

1) 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 £17,399
Finance from £201 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, although 2016 cars with slightly higher miles are within reach as well.

If you are in the market for a diesel, it's worth looking for a car with the TD4 engine which became available from August 2015. It is known as an Ingenium engine, and it's more efficient than earlier models.
Range Rover Evoque buying guide 

2) Mercedes E-Class

Best car under £300 a month for executives 

Our pick Mercedes E-Class E220d
Latest Mercedes E-Class deals from £13,489
Finance from £187 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 saloon has a big boot which boasts 20 litres more space than the BMW 5 Series, and ten litres more than the Audi A6. Should you need an even larger luggage area, E-Class estates can be picked up for under £300 per month, too, although they are slightly older than the saloons of the same price.

For your £300 a month you can get a current generation 2017 saloon 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 though - the cheaper and more frugal E220 is too slow for most people.
Mercedes E-Class buying guide

3) BMW i3

Best car under £300 a month for emission free motoring

Our pick BMW i3 Range Extender
Latest BMW i3 deals from £14,689
Finance from £220 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

4) Peugeot 308 GTI by Peugeot Sport

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

Our pick Peugeot 308 GTI by Peugeot Sport
Latest Peugeot 308 GTI deals from £14,000
Finance from £216 per month

The Peugeot 308 GTI by Peugeot Sport is one of the finest hot-hatchbacks period, nevermind one you can have for less than £300 a month. For your money you get a 267bhp 1.6-litre engine, massive 380mm front brake discs, and the finishing touch on any hot-hatch: deep bucket seats.

Peugeot’s interior might not be everyone’s cup of tea (nor the optional two-tone paint scheme), but the 308 GTI by Peugeot Sport is a truly cracking car to drive thanks to quality mechanicals under its bodywork.

5) 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 £8,890
Finance from £146 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. Brand new C4 Picassos are now called the C4 SpaceTourer, after a nomenclature shake up by the French manufacturer.
Citroen Grand C4 Picasso buying guide

6) Volvo S90 D5

Best car for £300 a month for Scandi-cool

Our pick Volvo S90 D5 R-Design
Latest Volvo S90 deals from £22,000
Finance from £258 per month

While other cars on the list compete with one another for driving excitement or tyre-shredding acceleration, the S90 goes for a more relaxing approach. The minimalist interior is a serene place to spend hours in complete comfort, aided by the soft suspension, which soaks up bumps and potholes with aplomb.

Unsurprisingly for Volvo, it’s also very safe. Euro NCAP awarded it five stars, and it even has an advanced emergency braking system that can detect both humans, and large animals. £300 will just about squeeze you into a 2018 model.
Volvo S90 buying guide


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