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Best new cars for under £300 per month

Electric cars, hatchbacks, SUVs and more: these are the best new cars for under £300 per month

If you’ve got £300 per month to spend on a new car, there are all manner of different vehicles you could choose from. A wide variety of hatchbacks, hybrids, SUVs and even all-electric cars can be found within your budget and lots of them have performed very well in our tests. To give you a solid starting point, we’ve picked the best new cars for under £300 a month in the list below.

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At present, the majority of the car finance deals with the lowest monthly prices are on a Personal Contract Hire (PCH) basis. This is an agreement where you will lease the car for a limited period of time, but will not have the option to own the car at the end of your contract. 

If you would like the option of owning the car, we’ve also included some Personal Contract Purchase (PCP) deals. These tend to work out more expensive in terms of monthly payments but you will have the oppurunity to own your car at the end of the deal, subject to a final lump sum. 

With every Personal Contract Hire deal, we've linked to our partners at leasing.com so that you can view the very latest offers from a range of providers. The Personal Contract Purchase deals listed here are quoted directly from the manufacturers.

Best new cars for under £300 per month

Citroen C5 Aircross - £277 per month

  • Model: C5 Aircross 1.2 PureTech Shine 
  • Deposit: £2,488
  • Term: 48 months
  • Type: Personal Contract Hire
  • Engine: 1.2-litre 3cyl petrol
  • Seats: 5
  • Economy: 46.7 mpg
  • Boot space: 580 litres
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Here is yet another car that shows what a good place Citroen is in currently. With the SUV’s focus on comfort rather than sportiness and an intriguing design that stands out amidst more generic-looking rivals, it offers something truly unique in the segment. 

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It’s also well equipped, and you can expand the boot to an impressive 720 litres by sliding the rear bench forward. We’ve picked Shine trim, and in this model, that is paired with an eight-speed automatic gearbox.

View the latest Citroen C5 Aircross deals at Leasing.com…

Ford Puma - £266 per month

  • Model: Puma 1.0 EcoBoost mHEV Titanium
  • Deposit: £2,392
  • Term: 48 months
  • Type: Personal Contract Hire
  • Engine: 1.0-litre 3cyl petrol
  • Seats: 5
  • Economy: 52.3 mpg
  • Boot space: 456 litres

We rate Ford’s smallest SUV very highly. It provides best-in-class handling, and the 1.0-litre mild-hybrid EcoBoost engine is punchier than you might expect. The Puma is practical, too, with a roomy interior that belies its modest footprint, and a 456-litre boot. 

The best feature of all can be found underneath the boot floor: the vast ‘Megabox’ compartment, which includes a drain plug, so it can be hosed out if, for example, it’s been used to carry muddy walking boots. Our deal is for a Puma Titanium, which offers a more comfortable drive than the sportier ST Line. 

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View the latest Ford Puma deals at Leasing.com…

Hyundai Tucson - £256 per month

  • Model: Tucson 1.6 TGDi 48V MHEV SE Connect 2WD
  • Deposit: £2,402
  • Term: 48 months
  • Type: Personal Contract Hire
  • Engine: 1.6-litre 4cyl petrol
  • Seats: 5
  • Economy: 42.2 mpg
  • Boot space: 620 litres
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The Tucson has won the Mid-Size SUV category of our New Car Awards twice in a row, and that’s thanks in large part to how spacious it is inside. You get loads of head and legroom, plus a huge 620-litre boot. It also looks fantastic, in a way that would have been hard to imagine for a Hyundai only a few years ago. 

And although the Korean company has been pushing upmarket, the Tucson still represents great value. Here, £276 a month secures you a Tucson SE Connect with a 1.6-litre mild-hybrid petrol engine hooked up to a smooth-shifting dual-clutch automatic gearbox. 

View the latest Hyundai Tucson deals at Leasing.com…

Kia Sportage - £275 per month

  • Model: Sportage 1.6T GDi ISG 2
  • Deposit: £2,475
  • Term: 48 months
  • Type: Personal Contract Hire
  • Engine: 1.6-litre 4cyl petrol
  • Seats: 5
  • Economy: 42.2 mpg
  • Boot space: 592 litres

This deal for the Sportage works out a bit more costly than the one for the related Hyundai Tucson. But the Kia is a little newer, which means it has a better cabin design and superior tech, with a slick touchscreen infotainment system and digital instruments placed side by side to give the impression of one large, wraparound display. 

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Material quality is excellent, and even in this base trim grade, the standard spec is good. Finally, it’s a handsome model, although we reckon the Tucson might just look a little better. 

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View the latest Kia Sportage deals at Leasing.com…

Mazda CX-30 - £299 per month

  • Model: CX-30 2.0 e-Skyactiv G MHEV SE-L Lux
  • Deposit: £1,794
  • Term: 48 months
  • Type: Personal Contract Hire
  • Engine: 2.0-litre 4cyl petrol
  • Seats: 5
  • Economy: 50.4 mpg
  • Boot space: 430 litres

Mazda does things a little differently, so amidst the small, turbocharged three and four-cylinder engines, a 2.0-litre naturally aspirated unit powers this CX-30. It’s hooked up to a fantastic manual gearbox and a great chassis, but this SUV is about more than fun. 

It’s also very well built and stylish, although space in the rear of the car is a little tight. For this money, you’ll also only be looking at the lower-spec SE-L Lux trim.

View the latest Mazda CX-30 deals at Leasing.com…

MG4 - £299 per month

  • Model: MG4 125kW SE EV 51kWh
  • Deposit: £2,687
  • Term: 48 months
  • Type: Personal Contract Hire
  • Engine: 51kWh battery, 1x e-motor
  • Seats: 5
  • Range: 220 miles
  • Boot space: 365 litres

Compared with other EVs that have the same kind of range, the MG4 stands out for being astonishingly good value, and that’s the case whether you’re paying up front in full or monthly. 

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This deal is for the smaller-battery model, but that still gives an official range of up to 220 miles. Perhaps the most incredible thing about the 4 is that it comes with 150kW rapid-charging capability, so you don’t need to wait long when the battery needs topping up. It’s even quite fun to drive, and while it has a few weak spots, they’re forgivable. 

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View the latest MG4 deals at Leasing.com…

Skoda Octavia - £260 per month

  • Model: Octavia 1.0 TSI SE Technology
  • Deposit: £2,344
  • Term: 48 months
  • Type: Personal Contract Hire
  • Engine: 1.0-litre 3cyl petrol
  • Seats: 5
  • Economy: 54.7mpg
  • Boot space: 600 litres

The Octavia’s reign as the most practical player in the C-segment has continued. The boot has grown by 10 litres for this current version, so there’s now a massive 600 litres, 220 more than in the Octavia’s platform-mate, the Golf. The Skoda also shows up the Volkswagen by feeling noticeably plusher inside. 

It’s not the bargain it once was, though, as shown by a £260 monthly payment securing only the smallest engine with the second-from-bottom trim level. It’ll still be excellent in that form, though.

View the latest Skoda Octavia deals at Leasing.com…

PCP deals

Renault Arkana - £260 per month

  • Model: Arkana Evolution E-Tech Full Hybrid 145
  • Deposit: £4,218
  • Term: 24 months
  • Type: Personal Contract Purchase
  • Engine: 1.6-litre 4cyl hybrid
  • Seats: 5
  • Economy: 57.6mpg
  • Boot space: 480 litres
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The Renault Arkana is ideal for those seeking the higher driving position of an SUV combined with the sleeker roofline of a coupe. There’s a big bonus with this deal, too, as Renault is offering the Arkana on a PCP deal with 0% interest - at the time of publication.

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The Arkana on offer here is the full-hybrid ‘E-Tech’ model, which can return up to 57.6mpg. This means you should be able to save even more when it comes to running costs.  

View the latest Renault finance deals…

Volkswagen Golf - £294 per month

  • Model: Golf Life 1.0 TSI 110PS 6-speed Manual
  • Deposit: £5,153
  • Term: 48 months
  • Type: Personal Contract Purchase
  • Engine: 1.0-litre 3cyl petrol
  • Seats: 5
  • Economy: 52.3mpg
  • Boot space: 381 litres

The Volkswagen Golf is one of the UK’s best-selling cars and it’s pretty easy to see why. It’s practical, easy to live with and there’s a version for just about everyone, including an estate and the hardcore ‘R’ hot hatch.

The Golf on offer here is in the base ‘Life’ spec, and while this may not offer the thrills of a GTI, it has the basics covered and should prove to be a dependable car for most everyday tasks. The standard kit list includes rain sensing wipers, adaptive cruise control and 16-inch alloy wheels.

View the latest Volkswagen finance deals…

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