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Can I Buy a Used Car for Under £150 Per Month

We know the feeling: from time to time, everyone gets tired of their car. You start to see everything that’s wrong with it - a particular smell, not enough room in the back, a boot too small… They’re little things, but they can get on your nerves every day 😡. That’s when you start to feel a wind of change coming about: it’s time to swap your car for a new one. ✨

Are you thinking about buying a used car with cash or finance? Buying a car can be expensive but you can buy used cars on finance in the UK. You’re probably wondering if you can purchase a car for less than £150 per month? 🤔  Well, good news, you definitely can. Let’s go over how you can buy a used car with finance for under £150 per month, with our selection of the best used cars you can choose from. 

Car Financing: A Hack for Limited Budgets

A new car and a limited budget aren’t necessarily incompatible. Car finance can make the purchase affordable, especially if you go for the right option. For example, a used car PCP finance deal makes your car payments lower than you might expect. In fact, you’ll most likely be able to get a pretty decent car for as low as £150 per month and a £1,000 deposit

Here’s a quick reminder about the most important aspects of a PCP contract (though we do have a detailed guide to the different types of car financing contracts):

  • A PCP agreement lasts three/five years
  • PCP contracts require passing a credit check
  • PCP contracts require paying a deposit upfront
  • At the end of your PCP contract, you’ll be able to return the car, keep it, or resell it to buy a new car

What Type of Car Can I Get for £150 per Month? 

You’d be surprised: £150 a month can get you way more than your average boring car. Some car deals across reputable online car marketplaces range from estate cars, SUVs, people carriers, and even some truly elegant vehicles for your price range! Amazing news, right? Okay, so let’s see some of those cars now. 

By the way, the cars we’ll be discussing below we saw on buyacar.co.uk. There are loads of other marketplaces out there that might have even better prices for used cars, feel free to give them a check! Consider browsing through:

The 7 Best Cars Under £150 Per Month

Fiat 500: £147 per month (PCP)

Can I Buy a Used Car for Under £150 Per Month

The Fiat 500 is iconic. It is such fun to drive, and it’s a compact car that still fits two adults in the rear seat. There’s a boot space of 185 litres, going up to 550 litres if the back seats are flipped down. 

The car pictured above has the following specifications:

  • Registration year: 2018
  • Fuel type: Petrol
  • Mileage: 32886
  • Transmission: Manual
  • Colour: Unspecified
  • Body style: Hatchback
  • Engine: 1.2L
  • Seats: 4

Seat Ibiza: £146 per month (HP)

Can I Buy a Used Car for Under £150 Per Month

The car pictured above has the following specifications:

  • Reg year: 2016
  • Fuel type: Petrol
  • Mileage: 55043
  • Transmission: Manual
  • Colour: Blue
  • Body style: Coupe
  • Engine: 1L
  • Seats: 5

Dacia Sandero Stepway: £148 per month (HP)

www.buyacar.co.uk_dacia_sandero-stepway_sandero-stepway-hatchback_0-9-tce-laureate-5dr-start-stop-70834_deal-4551648

The car pictured above has the following specifications:

  • Reg year: 2015
  • Fuel type: Petrol
  • Mileage: 41186
  • Transmission: Manual
  • Colour: White
  • Body style: Hatchback
  • Engine: 0.9L
  • Seats: 5

Mini Hatchback: ​​£129 per month (PCP)

www.buyacar.co.uk_mini_hatchback_hatchback_2-0-cooper-s-d-3dr-63121_deal-4483429

The car pictured above has the following specifications:

  • Reg year: 2017
  • Fuel type: Diesel
  • Mileage: 74955
  • Transmission: Manual
  • Colour: Blue
  • Body style: Hatchback
  • Engine: 2L
  • Seats: 4

Vauxhall Corsa: £141 per month (HP)

www.buyacar.co.uk_vauxhall_corsa_corsa-hatchback_1-3-cdti-95-ecoflex-design-5dr-66165_deal-4563267

The car pictured above has the following specifications:

  • Reg year: 2015
  • Fuel type: Diesel
  • Mileage: 46523
  • Transmission: Manual
  • Colour: Brown
  • Body style: Hatchback
  • Engine: 1.2L
  • Seats: 5

Ford Fiesta: £150 per month (HP)

Can I Buy a Used Car for Under £150 Per Month

The Ford Fiesta is the UK's best-selling car of all time!

The car pictured above has the following specifications:

  • Reg year: 2016
  • Fuel type: Petrol
  • Mileage: 66500
  • Transmission: Manual
  • Colour: White
  • Body style: Hatchback
  • Engine: 1L
  • Seats: 5

Dacia Duster: £134 per month (HP)

Can I Buy a Used Car for Under £150 Per Month

The car pictured above has the following specifications:

  • Reg year: 2015
  • Fuel type: Diesel
  • Mileage: 49644
  • Transmission: Manual
  • Colour: Grey
  • Body style: 4x4/Crossover
  • Engine: 1.5L
  • Seats: 5

Takeaway

If your budget for your next car is under £150 per month, there are plenty of decent cars you can find. Hopefully, you’ve found a few models in this collection to your liking, and you now know that £150 monthly can go a long way! In fact, most of these cars are priced around the £130 mark. 

Here at Carmoola, we take car financing very seriously, because we know how much of a huge help it can be! Our car finance app can get you a finance deal illustration in a few easy steps: find out how it works and get your next car financed in no time 🤗.

We’d love to hear your thoughts on this article!

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