The best cars to lease for less than £200 per month
July 31, 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 – £183 per month
- Volkswagen Polo – £182 per month
- GWM Ora 03 – £140 per month
- Hyundai i10 – £137 per month
- Vauxhall Astra – £168 per month
- Skoda Octavia Estate – £160 per month
- Seat Ibiza – £165 per month
- Peugeot 208 – £158 per month
- Mini Cooper – £188 per month
- Vauxhall Corsa – £139 per month
*All prices correct at the time of writing
1) Toyota Aygo X: £183 per month
- Up-front cost: £2,484
- 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: £182 per month
- Up-front cost: £2,282
- Contract length: 36 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) GWM Ora 03: £140 per month
- Up-front cost: £1,974
- Contract length: 36 months
- Mileage limit: 5,000 per year
The GWM Ora 03 proves that you don’t have to spend a fortune to get a capable electric hatchback. It’s well-equipped, and it looks great as well.
It may not be the best EV for long journeys thanks to the road noise, but the 03’s cabin is a lovely place to spend time.
4) Hyundai i10: £137 per month
- Up-front cost: £1,537
- Contract length: 36 months
- Mileage limit: 5,000 per year
You can grab yourself a Hyundai i10 for a bargain £150 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) Vauxhall Astra: £168 per month
- Up-front cost: £2,314
- Contract length: 24 months
- Mileage limit: 5,000 per year
For years the Vauxhall Astra found itself playing second fiddle to the Volkswagen Golf, but this latest one is one of the best-value family hatchbacks you can buy. It’s well-equipped, good to drive and it has a massive boot.
The rear legroom may be a bit tight, but those up front will appreciate the lovely build quality and passers by can admire the stylish exterior design. It gives the Golf a proper run for its money.
6) Skoda Octavia Estate: £160 per month
- Up-front cost: £2,218
- Contract length: 24 months
- Mileage limit: 5,000 per year
The Skoda Octavia is one of the most practical family cars around, and it’s even more spacious in estate form. 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) Seat Ibiza: £165 per month
- Up-front cost: £2,277
- Contract length: 24 months
- Mileage limit: 5,000 per year
Looking for a small hatchback with a sporty flavour? Look no further than the Seat Ibiza. It shares a lot of parts with the VW Polo, meaning you get the same efficient engines but with more exciting styling.
The interior quality may not be up to par with the Volkswagen, but the Ibiza is more fun to drive when the road gets twisty.
8) Peugeot 208: £158 per month
- Up-front cost: £2,200
- 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) Mini Cooper: £188 per month
- Up-front cost: £2,555
- Contract length: 48 months
- Mileage limit: 5,000 per year
Looking for something stylish? The Mini Cooper is one of the most instantly recognisable small cars on the road, and this new one is more distinctive than ever.
It may be a bit firm over bumps, but the Mini has endless character and charm thanks to the funky interior and excitable handling.
10) Vauxhall Corsa: £139 per month
- Up-front cost: £1,964
- Contract length: 24 months
- Mileage limit: 5,000 per year
The Vauxhall Corsa has been a firm favourite among UK buyers for years now, and it’s easy to see why. You get loads of kit for your money, and it’s pretty comfortable as well.
It may not have the most spacious interior, but at least everything feels nicely put together. It looks pretty smart on the outside, too.
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 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.