Brand new cars for only £125 per-month? Surely not.
Brand new cars for only £125 per-month? Surely not. Well, let us delve deeply into Motoring.co.uk's finance section to find out. Here we find the Ford Fiesta 1.25 Studio. This fantastic supermini is available via a personal contract purchase agreement. So, simply pay the £2,180 deposit, then a further twenty-four instalments of £129. The 'representative APR' is only 4.9%, so the interest charges are reasonable too. At the end of the contract either return the Fiesta, or settle the £4,262 optional purchase payment to own it outright.Alternatively, the Peugeot 107 1.0-litre Urban Lite 3dr could be sitting on your driveway for even lower monthly instalments. This popular run-around is listed, on a personal contract hire agreement, for rock-bottom payments of £99 per-month. That said, this forty-six month contract's 'initial rental' payment is rather more - £1,553 to be precise. Still small numbers for a new vehicle, but there is no option to buy it outright at the end of the term. The final personal contract purchase plan relates to the Volkswagen Polo 1.2 60 S, which is a great little car. This urban mile-muncher could be your route to supermini happiness for thirty-four payments of £99, plus a £2,815 deposit. The representative APR is 0%, so there is no interest to pay. If you choose to keep the Polo beyond the contract, the optional purchase payment will be £4,400. Who says good cars have to be expensive?