MOST OF US simply don’t have tens of thousands of euro to hand to shell out on a brand new set of wheels, but that doesn’t mean we have to write off the new-car dream. Thanks to Personal Contract Plans, or PCPs, buying new has become more straightforward, and in many cases, more affordable too.
The monthly repayments with PCPs are usually lower than those on a higher purchase agreement as they don’t cover the whole cost of the car. Instead, payments cover the difference between the current market value (minus the deposit and any trade-in) and the guaranteed minimum future value, or GMFV.
Once you’re willing to put down a deposit, you could have a brand new motor for just a few hundred quid a month. With that in mind, here are six 172 SUVs that can be yours for €500 a month or less over a 37-month term, with a deposit of €5,000. As always with PCP purchasing, do make sure that you read the fine print before committing.
1. Honda C-RV – €498.36 per month
Fancy getting your hands on the world’s best selling SUV? With monthly repayments of €498.36, you can drive away in a Honda CR-V powered by a 120 hp 1.6-litre diesel engine. By opting for the SE trim C-RV, you’ll get 17-inch alloys, Bluetooth capabilities, dual-zone climate control and City-Brake Active System among other features.
2. Hyundai Tucson – €497.45 per month
Repayments of €497.45 a month on PCP plus the standard €5,000 deposit will get you the well- equipped Executive trim model Tucson. This includes 17-inch alloys, Bluetooth, sat-nav, and a eight-inch touchscreen infotainment system with reversing camera. Under the hood is a 115 hp 1.7-litre diesel engine mated to a six-speed manual gearbox.
3. Kia Sportage – €454.37 per month
For well under €500 a month you’ll drive away in the handsome Kia Sportage, powered by a 115 hp 1.7-litre diesel engine and a six-speed manual transmission. The €454.37 per month price is for the Platinum SR model, featuring 17-inch alloys, a rear view camera with dynamic guideline, Bluetooth and a seven-inch infotainment system with sat-nav.
4. Peugeot 3008 - €396.28 per month
The cheapest of the lot at under €400 a month, the Peugeot 3008 is money well spent. Crowned the 2017 Car Of The Year, the 3008 has a 130 hp 1.2-litre PureTech petrol engine. The reasonably priced Access trim gets you 17-inch steel wheels with Napoleon finishings, Bluetooth, electronic anti-skid system and the wonderful Peugeot i-Cockpit digital panel.
5. Skoda Kodiaq – €442.74 per month
The Skoda Kodiaq is a comfortable and very practical member of the SUV family. It has a huge boot to carry all of your gear and plenty of space in the back – you’ll get three adults across the back seat. There is great visibility all round and a commanding high driving position. With a €4,997.15 deposit and monthly repayments under €450, you can have the entry level Active trim five-seat Kodiaq with its 1.4-litre 125 hp petrol engine plus a range of slick design and tech features.
And for just a little extra…
6. Toyota RAV4 – €508 per month
Yes, it’s a few quid more than €500 a month, but the Toyota RAV4 offers space, comfort and style with all the reliability that comes with the Toyota name. Under the hood, the RAV4 has a 143 hp 2.0-litre diesel engine so its not short on power. The entry-level Luna trim gets you 17-inch alloy wheels, a rear-view camera, Bluetooth and a 4.2-inch infotainment display.
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