Here at Carmoola, we’re great advocates for being able to have your dream car even with a limited budget. We know how empowering it can feel: picture yourself sliding behind your new car’s wheel, pressing your foot down on the accelerator, and driving. The wind in your hair, your favourite song on the radio, and the addictive taste of freedom on your lips. 😎 Sounds like a dream! Well, with a little bit of creativity, and some car finance, it can be a dream come true. Let’s find out which beautiful cars you can get for a budget of under £300 per month!
Is It Good to Buy a Used Car on Finance?
Before we dive into the many sweet rides you can get yourself with under £300 per month, let’s discuss whether or not it’s actually a good idea to buy a used car on finance. Is it riskier to buy a used car on finance than a new car? 🤔
If money is the main factor in the equation, a used car is definitely the way to go. A brand new shiny car will lose value as soon as it hits its very first mile. Not only is purchasing a used car a great way of accessing your dream vehicle for significantly less money, but you will also be ensuring that you’re not going above and beyond for something that will depreciate instantly.
Buying a used car on finance is also a way of not shelling out all of your savings in one go. It’s more affordable, and at the end of the day, it’s smarter too. Lastly, it’s the most eco-friendly way to purchase a car, 🍃 since you’re not buying a brand new vehicle that has taken tons of materials and energy to be made. An article from The Guardian estimated the carbon footprint of three popular cars to be:
- 6 tonnes CO2e: Citroen C1
- 17 tonnes CO2e: Ford Mondeo
- 35 tonnes CO2e: Land Rover Discovery
By the way, if you're looking for a detailed exploration on buying a used car, and you're in need of some guidance, we have a thorough article about used cars.
The 7 Best Cars Under £300 Per Month
MERCEDES-BENZ E CLASS: £289.13 per month (PCP)
This car makes us feel like we’re supervillains on our way to some action!
- Model: E220d 4Matic SE 4dr 9G-Tronic [Saloon]
- Mileage: 67,160 Miles
- Year: 2017
- Number of doors: 4 Doors
- List price: £19,477
- Deposit: £250.00
- Monthly payments: £289.13
- Number of payments: 48
- APR: 9.9%
- Term: 48 months
NISSAN QASHQAI: £291.74 per month (PCP)
Yep, you can get an SUV for under £300 per month! And what a beauty the Nissan Qashqai is!
- Model: 1.3 DiG-T N-Connecta [Glass Roof Pack] [SUV]
- Mileage: 15,650 Miles
- Year: 2018
- Number of doors: 5 Doors
- List price: £17,698
- Deposit: £250.00
- Monthly payments: £291.74
- Number of payments: 48
- APR: 9.9%
- Term: 48 months
HONDA CIVIC: £279.06 per month (PCP)
This gorgeous Honda Civic only has 9,752 miles - that leaves many, many hours of swiftly cruising and road-tripping ahead!
- Model: 1.0 VTEC Turbo EX [Hatchback]
- Mileage: 9,752 Miles
- Year: 2018
- Number of doors: 5 Doors
- List price: £17,698
- Deposit: £250.00
- Monthly payments: £279.06
- Number of payments: 48
- APR: 9.9%
- Term: 48 months
PEUGEOT 3008: £291.31 per month (PCP)
This Peugeot has just the right amount of French elegance to make your daily trips an absolute pleasure.
- Model: 1.2 PureTech Allure [Estate]
- Mileage: 34,850 Miles
- Year: 2018
- Number of doors: 5 Doors
- List price: £17,598
- Deposit: £250.00
- Monthly payments: £291.31
- Number of payments: 48
- APR: 9.9%
- Term: 48 months
VAUXHALL GRANDLAND: £294.92 per month (PCP)
If you’ve got a thing for recent cars, this 202 Vauxhall Grandland will be right up your street!
- Model: X 1.5 Turbo D Business Edition Nav [SUV]
- Mileage: 25,124 Miles
- Year: 2020
- Number of doors: 5 Doors
- List price: £17,598
- Deposit: £250.00
- Monthly payments: £294.92
- Number of payments: 48
- APR: 9.9%
- Term: 48 months
JEEP COMPASS: £291.94 per month (PCP)
We absolutely love this eye-catching blue Jeep, which is the perfect mix of funky and chic!
- Model: 1.6 Multijet 120 Limited [2WD] [Estate]
- Mileage: 32,335 Miles
- Year: 2018
- Number of doors: 5 Doors
- List price: £17,598
- Deposit: £250.00
- Monthly payments: £291.94
- Number of payments: 48
- APR: 9.9%
- Term: 48 months
AUDI A1: £290.46 per month (PCP)
If you live in the city, but you need a sleek and elegant ride, the Audi A1 will be one of your best choices. Bonus points for this sumptuous red color!
- Model: 1.4 TFSI 150 Black Edition Nav S Tronic [Hatchback]
- Mileage: 31,015 Miles
- Year: 2018
- Number of doors: 3 Doors
- List price: £17,298
- Deposit: £250.00
- Monthly payments: £290.46
- Number of payments: 48
- APR: 9.9%
- Term: 48 months
Takeaway
Buying a used car can be a complicated task, especially if you’re on a limited budget. Well, here at Carmoola, we help people purchase their dream cars, and we know a thing or two about car finance. That’s why you can take our word that £300 per month will get you a huge range of beautiful rides you can show off!
If you need help with other points throughout your used car financing and buying process, we have plenty of resources available. We can even get you a car finance deal in a few simple steps on our app! Find out how it works and get your dream car in no time at all. 🤗
