Skip advert
Advertisement

The best new cars for under £500 per month

With a hefty £500 per month budget you can land a top sports car or premium SUV, the car world is your oyster

With £500 a month at your disposal, you’ll be able to make use of some excellent finance deals on some of the top sports cars, luxury vehicles and premium SUVs on the market today. What’s more, for your convenience we’ve collated the best deals around right here.

Finance deals are an increasingly popular method of buying cars, largely thanks to low prices and affordable deposits in dealerships throughout the land. The different deals vary considerably model to model, however. While a £41,000 BMW 5 Series requires a deposit of £5,999, a £63,000 Porsche Macan Turbo will need as much as £16,500 paid up front before you can drive away. It always pays to do the sums and shop around.

Advertisement - Article continues below

Interest rates can present a curveball too: 7.9 per cent APR on the Lotus Elise Sport isn’t a figure you can simply cast to the back of your mind when considering a thrilling, weekend driver.

All of the deals in the following list are Personal Contract Purchase (PCP) schemes, which require an initial deposit (unless otherwise stated) and a set number of monthly installments thereafter. At the end of the contract, you’ll have the option of paying a final lump sum for the car, using the vehicle’s remaining value to trade in for a new model, or simply hand back the keys and move on.

You’ll find our list of best cars for £500 on the top left of this page, or alternatively you can use the links below to find the best deals in other price brackets...

• Under £100 per month• Under £150 per month• Under £200 per month• Under £250 per month• Under £300 per month• Under £350 per month• Under £400 per month

Skip advert
Advertisement

New & used car deals

Audi A3

Audi A3

RRP £26,310Avg. savings £2,554 off RRP*Used from £9,494
Volkswagen Polo
Hyundai Tucson

Hyundai Tucson

RRP £29,840Avg. savings £4,552 off RRP*Used from £12,262
Volkswagen Golf

Volkswagen Golf

RRP £25,250Avg. savings £2,429 off RRP*Used from £10,995
* Average savings are calculated daily based on the best dealer prices on Auto Express vs manufacturer RRP
Skip advert
Advertisement

Most Popular

MG’s IM brand to launch third model in UK in 2027
MG IM6 - rear detail

MG’s IM brand to launch third model in UK in 2027

Big seven-seat SUV is on the cards for MG’s posh sub-brand
News
2 Oct 2026
New Citroen 2CV: the French £13k EV city car is sticking to retro styling
New Citroen 2CV teaser - headlight

New Citroen 2CV: the French £13k EV city car is sticking to retro styling

New budget-focused EV will closely follow the design of the original 2CV
News
5 Oct 2026
It’s hard to see how the Jaguar Type 01 will be a huge success
Rutherford Jaguar Type 01

It’s hard to see how the Jaguar Type 01 will be a huge success

Mike Rutherford warns that the majority of new car buyers do not go for big, expensive saloon cars such as the latest Jag
Opinion
5 Oct 2026