Cheapest car finance deals

Need an affordable but reliable second-hand car? These cars could be yours for less per month than many mobile phone contracts

Christofer Lloyd
Mar 22, 2021

Itching to get a new car, but working under some tight budget restraints? That's not going to be an issue, because for just £80 per month and only a small upfront deposit you could grab hold of the keys to a fresh, low-mileage car that should cost you barely anything to run.

And if even that’s a little too much, you could get change from £70 per month with less than £500 as a deposit on some of these models. And we’re not talking high-mileage rust-buckets here, for this money you can get a well looked after three-year old model that has covered less than 30,000 miles.

Go for a car that's slightly older and you could even get a practical family hatchback within this budget. All for less per month than dozens of mobile phone contracts. All of these sub-£80-per-month cars are available on four-year PCP finance deals with a £500 deposit at the time of writing (8,000-mile-per-year limit, 9.9% APR).

Want to know how it's possible to get a used car for such low monthly costs? Check out our expert guide to car finance that'll help you understand what it takes to get the best deal on your next car.

Best used cars for under £80 per month

1. Peugeot 108

Best used car under £80 per month for value

Used deals from £5,988
Monthly finance from £224*

Not sure you can afford £80 per month for a car? You could put a three-year old Peugeot 108 on the drive from around £65 per month. With sub-30,000-mile cars available for this budget, you shouldn’t have to spend much keeping the 108 running, either.

Fuel costs should be minimal and insurance similarly affordable. Maintenance costs on such a simple, relatively new car shouldn’t prove too pricey either. If you want one of the most affordable, trouble free ways to stay on the road, this could be it.


2. Citroen C1

Best used car under £80 per month for style

Used deals from £4,990
Monthly finance from £0*

Don’t like the look of the Peugeot 108 above and want something that looks a little funkier? How about the Citroen C1. Despite being virtually identical under the skin to the Peugeot, the C1 looks a lot more dramatic inside and out, but prices and finance costs are still every bit as low.

As with the Peugeot, therefore, a three-year old car that has covered less than 30,000 miles should be within budget. This means you shouldn’t have to spend much to keep it going and thanks to that small 1.0-litre engine fuel bills should be equally affordable.


3. Ford KA

Best used car under £80 per month for a fun drive

Used deals from £4,777
Monthly finance from £0*

The latest version of the Ford Ka, the Ka+, grew bigger and more sensible, but this older model that was on sale as a new car from 2008 to 2016 is much more style focused, with three doors only and a much more enjoyable driving experience. Low prices mean it’s still a sensible buy, however.

Put down a £500 deposit and you should have change from £80 per month for a sporty looking Zetec model if you shop around. You can expect a slightly older and higher-mileage car for your money, but as it’s a simple city car, reliability shouldn’t cause too many problems if you stick to the petrol engine.


4. Smart Forfour

Best used car under £80 per month for a quirky interior

Used deals from £7,000
Monthly finance from £318*

With five doors and a decent amount of interior space, the Smart Forfour is a much more practical proposition than the cheapest versions of other city cars, which often come with only three doors - meaning climbing in and out of the back seats can be a bit of a challenge.

More notable than this, however, is the style of the interior; the Forfour feels quirky inside and out, making it a fun proposition for less than £80 per month. Value is strong, too, with three-year old, low-mileage models available within budget. With fewer Forfours for sale than other small cars, however, you may have to wait to track one down in this price range.


5. Vauxhall Meriva

Best used car under £80 per month for practicality

Used deals from £6,145
Monthly finance from £0*

The other cars in our roundup may be compact city cars, but you can afford a far more practical family car for your £80-per-month budget, too; the Vauxhall Meriva.

In addition to being a much larger car - freeing up space for children, child seats and pushchairs - it has rear-opening back doors, making it far easier to get children in and out. This makes the Meriva a great value family car for those on a budget, with four-year old average-mileage models within reach, even if you’re on a tight budget.


*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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