Best new cars for under £400 a month

Got a budget of £400 per month for a brand new car? You're in luck, we've got some seriously good deals for you right here

Simon Ostler
Jun 9, 2021

Ready to treat yourself to a brand new car? If you're browsing the very latest models, a budget of £400 per month will be enough to ensure you're getting the keys to a high-quality car.

Monthly finance deals can be a great way to spread out the cost of a new car. Where you may not have in excess of £30,000 lying around to pay for any of the models listed below, you can still make a great purchase on any of these cars if you have £400 to spare each month.

But, while purchasing a brand new car is an exciting way to get behind the wheel of a clean and shiny new model, they can be very expensive and lose value quickly. Opting for a nearly new version of the same car can be a much more efficient use of your money.

We have some great value used and nearly new deals available now on BuyaCar, which in some cases come at vastly reduced prices. Check out our list of the best used cars for less than £400 per month to get an idea of what you could be driving at this kind of price.

Or if you really are keen for a brand new car to call your own, read on for a list of great new car deals that are all available from under £400 per month. All quoted prices are accurate as of June 2021.

Best new cars for under £400 per month

1. Volvo XC40

Our pick Volvo XC40 Recharge T4 R-Design FWD Auto PHEV
List price £37,930
Annual mileage allowance 10,000

Monthly paymentsNumber of paymentsDepositRepresentative APROptional final paymentTotal cost of finance
£38948£5,1295.9%£16,844£41,644

 

The Volvo XC40 is the smallest SUV on offer from the Swedish brand. It's a decidedly more upmarket model compared to the likes of the Nissan Qashqai or Renault Kadjar, and its higher price makes it more of a competitor to other posh SUVs such as the Range Rover Evoque and Audi Q3. Volvo has worked hard on its image in recent years, and there's no doubt the style and quality on show with the XC40 make it an enticing option.

Standard equipment included on the XC40 includes a raft of safety tech such as autonomous emergency braking and assisted steering, while the interior features a media system fitted with sat-nav, and dual-zone climate control.

Here we have the latest Volvo XC40 Recharge (the plug-in hybrid model which brings with it the opportunity for vastly improved fuel economy) in R-Design trim which incorporates a more sporty design with bold exhaust pipes and a leather steering wheel.

Nearly new deals Limited stock
VOLVO XC40 BUYERS' GUIDE

2. Range Rover Evoque

Our pick Range Rover Evoque D165 AWD Auto MHEV
List price £36,015
Annual mileage allowance 10,000

Monthly paymentsNumber of paymentsDepositRepresentative APROptional final paymentTotal cost of finance
£39248£5,0004.9%£17,257£40,676

 

The Range Rover Evoque is the smallest and most affordable member of the Range Rover family, but that's not to say anyone who buys this car is going to miss out on the quality often associated with that desirable name.

Even as a smaller model, the Evoque is still hugely capable when scrambling across a mountainside. That’s especially true with this four-wheel-drive model. It's powered by a punchy mild hybrid diesel engine that should prove reasonably economical when you need it to be, but suitably powerful when you're in a hurry.

Even in its most basic form, the Evoque is one of the most stylish and good quality SUVs of its type, and even at its cheapest (the one we're looking at) the car still features a convenient and easy to use media system, cruise control and a reversing camera among a host of other tech.

Nearly new deals Limited stock
RANGE ROVER EVOQUE BUYERS' GUIDE

3. Mazda MX-5 RF

Our pick Mazda MX-5 RF 2.0 184 Sport Tech
List price £31,380
Annual mileage allowance 9,000

Monthly paymentsNumber of paymentsDepositRepresentative APROptional final paymentTotal cost of finance
£35548£2,0003.4%£9,896£33,756

 

Fancy an exciting sports car that doubles as a stylish convertible for cruising along the coast and a quiet hard-topped machine for commuting to work? The Mazda MX-5 RF covers all the bases. Even the most indulgent model, with a powerful 2.0-litre, 184hp petrol in Sport Tech form and a nifty folding hard top roof is comparatively affordable.

So much so that a three-year PCP finance plan is very affordable for a fun sports car. And while that in itself is reason enough to put a smile on your face, wait until you drop the top, open up the engine and hit the road. You’ll be grinning like a Cheshire cat.

Nearly new deals Limited stock
MAZDA MX-5 BUYERS' GUIDE

4. Nissan Leaf

Our pick Nissan Leaf e+ Tekna
List price £32,445
Annual mileage allowance 10,000

Monthly paymentsNumber of paymentsDepositRepresentative APROptional final paymentTotal cost of finance
£39836£5,0000%£15,589£32,445

 

The Leaf is Britain’s best-selling electric car, but is it any good? Yes, actually, it is. This is an honest family car, one with five seats, plenty of space and safety features, all the creature comforts you could wish for and a good-size boot for carrying everything busy families need to take with them.

More significantly, it is relaxing to drive, has adequate performance and will travel for up to 168 miles before you’ll need to plug in the battery, while the running costs of this electric car should offer significant savings to motorists switching from petrol or diesel models. This e+ model promises over 200 miles of real-world range.

Nearly new deals Limited stock
NISSAN LEAF BUYERS' GUIDE

5. Toyota RAV4

Our pick Toyota RAV4 2.5 Hybrid AWD-i 222 Auto Design
List price £35,025
Annual mileage allowance 8,000

Monthly paymentsNumber of paymentsDepositRepresentative APROptional final paymentTotal cost of finance
£39042£4,0001.9%£16,582£36,598

 

Like the looks and high driving position of an SUV, but want the fuel savings of a hybrid? Look no further than the RAV4 Hybrid. This money gets you a well equipped all-wheel-drive Design model, which offers a more assured power delivery under heavy acceleration, especially when you're off-road or adventuring through harsh conditions.

With low interest rates and low depreciation - meaning this RAV4 should still be worth a substantial chunk of its original value a lot when you hand it back at the end of the PCP finance contract - this Toyota is available for well under £400 per month on a 42-month contract.

Nearly new deals Limited stock
TOYOTA RAV4 BUYERS' GUIDE

6. Skoda Octavia Estate

Our pick Skoda Octavia Estate 2.0 TSI 245 vRS
List price £31,850
Annual mileage allowance 10,000

Monthly paymentsNumber of paymentsDepositRepresentative APROptional final paymentTotal cost of finance
£39348£1,5004.1%£11,480£35,932

 

From the school run to the motorway run, tip run to the dog run, the Skoda Octavia Estate is just about as practical as medium-size family cars get. It boasts a 640-litre boot with the seats up, which is more than large enough for a week-long family holiday, and has plenty of back seat space for bulky, high-backed child seats or rapidly growing teenagers.

Don’t think it’s boring, though. The sporty vRS version we're looking at here packs a muscular 245hp petrol engine, the sportiest trim Skoda offers and rockets to 62mph in just 6.7 seconds. It’s strong value on finance, too, thanks to a £2,500 deposit contribution discount, which makes it a great all-rounder for the money.

Nearly new deals Limited stock
SKODA OCTAVIA BUYERS' GUIDE

7. Audi A4 Avant

Our pick Audi A4 Avant 35 TFSI Sport Edition
List price £35,730
Annual mileage allowance 8,000

Monthly paymentsNumber of paymentsDepositRepresentative APROptional final paymentTotal cost of finance
£39548£5,0004.9%£11,576£38,143

 

After an upmarket car complete with plenty of room for passengers and luggage, petrol power and a slick automatic gearbox? This Audi A4 Avant could be for you. It's powered by a 2.0-litre petrol engine producing 150hp, which should offer plenty of performance for completing the school run or a trip to the shops.

The A4 Avant can't match the Octavia Estate when it comes to luggage space, there's only 495 litres on offer with the seats in place, but the Audi does offer plenty when it comes to quality and technology.

In Sport Edition trim, everything gets a sporty makeover, with tweaks to the exterior and interior styling - including leather sports seats. There's also a slick 10.1-inch media display with voice control, sat-nav, Bluetooth and digital radio.

Nearly new deals Limited stock
AUDI A4 AVANT BUYERS' GUIDE

8. Ford Kuga

Our pick Ford Kuga 2.0 EcoBlue 190 8-Speed Auto AWD ST-Line Edition
List price £35,705
Annial mileage allowance 6,000

Monthly paymentsNumber of paymentsDepositRepresentative APROptional final paymentTotal cost of finance
£39536£1,0000%£15,482£34,705

 

The latest Ford Kuga has been on sale for a while now, and it has become one of the more popular SUVs in Britain. With a great mix of affordability and quality, Ford's family SUV is a dark horse on this list.

While it may appear at first glance as though the Kuga is the same price as a Range Rover Evoque or Audi A4 Avant, it's worth bearing in mind that this is a top-of-the-range model (apart from the luxurious Vignale version) with the best 2.0-litre diesel engine under the bonnet, where those alternatives are more basic version within their respective ranges.

ST-Line Edition models feature sporty ST styling on the outside, and the full list of Ford technology on the inside, including an eight-inch media system with Android Auto and Apple CarPlay capability.

Nearly new deals Limited stock
MORE DETAILS ON THE 2019 FORD KUGA

*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.

 

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