The best cars to lease for less than £200 per month
November 01, 2024 by Jamie Edkins
These 10 cars are all available through a leasing agreement. This means you’ll hand over an up-front deposit followed by a series of monthly payments, and there will be a limit to the number of miles you can cover per year. Once the contract is up, the car is returned to the leasing company.
If you’re looking to own the car at the end of the agreement then leasing isn’t the way forward for you. For this you’ll want to check out Hire Purchase (HP) or Personal Contract Purchase (PCP) options.
Our list of the top 10 new cars for under £200 per month* is:
- Toyota Aygo X – £182 per month
- Volkswagen Polo – £174 per month
- Vauxhall Grandland – £165 per month
- Hyundai i10 – £138 per month
- MG 4 – £190 per month
- Skoda Octavia – £195 per month
- Kia Proceed – £198 per month
- Peugeot 208 – £173 per month
- Renault Symbioz – £178
- BYD Dolphin – £157 per month
*All prices correct at the time of writing
1) Toyota Aygo X: £182 per month
- Up-front cost: £2,489
- Contract length: 48 months
- Mileage limit: 5,000 per year
The Toyota Aygo X makes a solid case for the small hatchback in a world of SUVs. It’s a funky looking thing with loads of standard equipment, and it’s great for zipping around town.
It does start to get out of its depth on faster roads though, with quite a lot of wind noise permeating the cabin. At least the standard-fit adaptive cruise control takes some of the stress out of long journeys.
2) Volkswagen Polo: £174 per month
- Up-front cost: £2,191
- Contract length: 24 months
- Mileage limit: 5,000 per year
Sneaking within our £200 budget is the excellent Volkswagen Polo. This really is a jack of all trades, offering decent practicality, loads of equipment and great comfort.
It may not be the most exciting of all the hatchbacks out there, but the Polo makes up for this by making light work of daily driving duties.
3) Vauxhall Grandland: £165 per month
- Up-front cost: £2,279
- Contract length: 24 months
- Mileage limit: 5,000 per year
The Grandland is a great-value family SUV. This deal isn’t for the all-new car, but the previous model is still spacious, well-equipped and smart-looking.
It may not be the most exciting SUV on the market, and the interior is feeling a bit dated by modern standards. You can’t argue with that price though, there are very few cars this practical for less than £200 per month.
4) Hyundai i10: £138 per month
- Up-front cost: £1,950
- Contract length: 36 months
- Mileage limit: 5,000 per year
You can grab yourself a Hyundai i10 for a bargain £138 per month, and there’s a lot to like about this dinky city runaround.
You get plenty of kit for your money, it’s easy to drive and there’s a wide range of fuel-sipping engines on offer.
5) MG 4: £190 per month
- Up-front cost: £2,580
- Contract length: 36 months
- Mileage limit: 5,000 per year
Looking for a great-value electric car? The MG 4 could be right up your alley. For a low monthly price you get a stylish and well-equipped EV with decent range.
The infotainment system isn’t brilliant, but this is easy to forgive because it’s great to drive and properly stylish.
6) Skoda Octavia: £195 per month
- Up-front cost: £2,632
- Contract length: 24 months
- Mileage limit: 5,000 per year
The Skoda Octavia is one of the most practical family cars around . The massive boot and generous rear legroom make it an ideal car for hauling people and their luggage on a regular basis.
It might not be the most exciting car on the market, but it’s hard to argue with the amount of standard equipment you get for your money. The Octavia is also available with a great range of efficient engines.
7) Kia Proceed: £198 per month
- Up-front cost: £2,567
- Contract length: 36 months
- Mileage limit: 5,000 per year
The Kia Proceed is a stylish estate car with a massive boot and loads of standard equipment. It’s also available with an economical diesel engine.
The rear headroom is a little bit tight, and the cabin looks a bit dated, but the Proceed makes a great car for long motorway trips thanks to its impressive refinement.
8) Peugeot 208: £173 per month
- Up-front cost: £2,378
- Contract length: 36 months
- Mileage limit: 5,000 per year
The Peugeot 208 is one of the most stylish small cars you can buy, and it has an equally funky interior as well.
The rear seats may not be too spacious, but it’s comfortable for those in the front and there’s plenty of kit on board as well.
9) Renault Symbioz: £178 per month
- Up-front cost: £2,434
- Contract length: 24 months
- Mileage limit: 5,000 per year
The Renault Symbioz is essentially a longer version of the Captur, and as such it has a lot going for it. The cabin is a nice place to be, and you get Renault’s excellent Google-based infotainment system.
It’s still not the most spacious SUV in the back seats, but the big boot makes up for this. You can also get a super-efficient hybrid system to save you money at the pumps.
10) BYD Dolphin: £157 per month
- Up-front cost: £2,178
- Contract length: 24 months
- Mileage limit: 5,000 per year
The BYD Dolphin is a left-field choice if you’re after an EV, but it’s also great value because you get loads of kit as standard. It also has impressive driving range and a big boot.
The interior quality might not be the best, but at least there’s plenty of space for rear passengers and it’s very competitively priced.
Buy your next car (and sell your old one) with Carwow
Didn’t find what you were looking for on this list? Check out all the latest car leasing deals through Carwow, or use our handy car choosing tool to find the ideal model to suit your needs.
You can also sell your car online with Carwow, and it’s really easy to do. Just upload a few photos, answer a few questions and watch all the offers come flooding in. You can even have the car collected at a time to suit you.