Best used cars for under £500 per month

Got a budget of £500 per month? Help yourself to our list of seriously exciting and highly desirable cars

Simon Ostler
Oct 31, 2019

If you've found yourself with a bit of excess cash in the region of £500 per month, you may be wondering what kind of car you could be driving.

Well, you won't be short of choice that's for sure, and in that kind of price range, you could be getting into the driving seat of some very desirable cars. From upmarket luxury saloons, to some of the best hot hatchbacks around and even class leading SUVs, it's safe to say your car will probably be the envy of your friends.

You might also consider saving some of that money for a nice holiday, and instead opt for something a little cheaper. We have plenty of options here at Buyacar.


All these offers are based on a typical four-year PCP finance deal with a reasonable deposit and an 8,000 mile-per-year limit (7.9% APR). Read on for our list of 10 great used cars you can get for less than £500 per month.

Best used cars under £500 per month

1. Alfa Romeo Stelvio

Latest Alfa Romeo Stelvio deals from £24,362
Monthly finance from £336

Alfa Romeo has long been a very desirable brand, yet in times gone by you would've been considered slightly mad if you actually went and bought one. In more recent years, however, the Italian manufacturer has been making much more usable cars that you'd actually want to buy.

The Alfa Romeo Stelvio is one such example, and it adds a whole load of fun and enthusaism to the overall SUV experience. Within this £500 per month price range you also get access to a good range of petrol and diesel engines, while there is plenty of standard kit available across the board. 

Performance is good too, this is a sporty take on the SUV blueprint, and one you should take notice of.

Alfa Romeo Stelvio buyers' guide

2. Volvo XC90

Latest Volvo XC90 deals from £28,950
Monthly finance from £394

Despite being nearly five years old, the Volvo XC90 is a compelling option for the best used SUV at this price point.

Undenyably the best in its class, it's safe, stylish, refined, comfortable and relatively efficient. With a monthly budget of £500 you'll be looking at mid-range R-Design spec models, which give the XC90 more of a sporting edge, although this is limited to aesthetic adjustments rather than mechanical improvements.

You will be getting a very capable and high-quality car for your money, and anyone with a larger family should give this a serious thought.

Volvo XC90 buyers' guide

3. Audi RS3

Latest Audi RS3 deals from £25,995
Monthly finance from £358

Audi has used its RS3 to continually push the boundaries of what a hot hatch can do, to the point where its performance numbers are now comparable to those of a high-end sports car.

A 2.0-litre petrol engine pushing out 310hp will get you from 0-62mph in 4.6 seconds. But you get all that excitement without sacrificing any of the practicality you get from a standard A3 hatchback - there is still plenty of room for a family and their luggage.

This should be on the list of every high-performance car enthusiast.

Audi A3 buyers' guide

4. BMW 7 Series

Latest BMW 7 Series deals from £27,750
Monthly finance from £368

How about something with a bit more poise and dignity? The BMW 7 Series will cater to all of your luxury cruising needs.

Up against more expensive alternatives like the Mercedes-Benz S-Class or Jaguar XJ, the 7 Series offers a very similar level of quality, comfort and performance, proving itself to be a very good value option.

For less than £500 per month you get hold of a low-mileage M Sport model with a good choice of big and powerful diesel engines and plenty of cutting edge tech – the list is too long to write here, needless to say you'll have everything you're ever likely to need.

BMW 7 Series buyers' guide

5. Ford Focus RS

Latest Ford Focus RS deals from £23,799
Monthly finance from £362

Another very hot hatch, the Ford Focus RS follows a similar script to the Audi RS3. It's not quite as powerful as the Audi, but that's not to say it feels slow, there's still plenty of fun to be had here.

You get a 2.3-litre tubrocharged engine capable of 0-62mph in 4.7 seconds, and the fact it sports four-wheel drive makes it a very handy car around twisty country lanes. 

Crucially, perhaps, it's not as expensive as its rivals either and actually comes in at well under £500 per month. We'd consider making a saving here, because you won't be disappointed. 

Ford Focus RS buyers' guide

6. Jaguar F-Type

Latest Jaguar F-Type deals from £31,999
Monthly finance from £435

If you want a car that’s going to turn heads, the effortless style and smooth shape of a Jaguar F-Type is probably your best bet. This very attractive coupe is not only very pleasing to look at, it also has a spectacular soundtrack. You will definitely get noticed if you’re driving one of these.

We’d recommend avoiding the rather unexciting 2.0-litre R Dynamic models, but 3.0-litre V6 engined variants are available for much less than £500 per month, if you're willing to go for something with two or three years of use.

Jaguar F-Type buyers' guide

7. Range Rover Sport

Latest Range Rover Sport deals from £31,500
Monthly finance from £428

This will turn heads too. The Range Rover has been something of a trailblazer when it comes to SUVs, and the Range Rover Sport was introduced as a smaller alternative to the standard model back in 2013.

Pioneering a new form of SUV with a lower ride height and more dynamic handling, it remains the benchmark for rivals like the BMW X5 and Audi Q3 to try and match.

It's also impossible to ignore the class that simply oozes from every corner of this car. Despite it's size, the Range Rover Sport is as elegant as they come. 

Range Rover Sport buyers' guide

8. Lexus ES

Latest Lexus ES deals from £31,989
Monthly finance from £465

Those looking for something other than a BMW, an Audi or a Mercedes may want to consider a Lexus ES. Not only does it offer unique styling and excellent build quality, the ES is also only available as a hybrid, which sets it apart from its German rivals.

While it lacks the power and refinement of those more established alternatives, the ES does represent a very good option for drivers looking for a reliable and well-equipped cruiser. Seeing as you can get yourself a punchy looking F-Sport model for less than £500 per month, you will be getting plenty of car for your money.

The list of standard tech includes heated front seats, adaptive cruise control and a whole range of safety additions.

Lexus ES buyers' guide

9. Peugeot 508

Latest Peugeot 508 deals from £21,500
Monthly finance from £308

Another left-field choice for anyone in the market for a medium-sized saloon, the Peugeot 508 has got plenty of character to go with its stylish looks and up-to-date technology.

With Peugeot's i-Cockpit display, climate control, parking sensors and smartphone connectivity with Android Auto and Apple CarPlay, there is plenty to keep you entertained inside the 508.

Perhaps the best news is that your £500 per month budget will get you an almost-new 2019 model with GT trim. We think the 508 looks even better in this spec, so you should definitely consider going for one of these.

Peugeot 508 buyers' guide

10. Cupra Ateca

Latest Cupra Ateca deals from £27,800
Monthly finance from £385

The Cupra Ateca is the first attempt by Seat's subsidiary brand to make models like the standard Ateca feel more spritely and desirable. You could say that has been achieved.

The standard model competes with the likes of the Nissan Qashqai and Skoda Karoq, and while the Cupra blows these cars out of the water in terms of perfomance - a 300hp petrol engine makes sure of that - it does cost an awful lot more than those more basic contenders, and doesn't have the kind of quality to match a Porsche Macan or Audi SQ5.

As a result, it sits on its own in a very niche section of the market, altough it's set to be joined by similar models from Audi and VW in the near future. It's good though, and for less than £500 per month it will prove a solid investment.

Cupra Ateca buyers' guide


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