My Garage
New hero

My Budget is £450-£500 per Month: What Should I Buy?

By Tim Barnes-Clay | February 7, 2023


Why not leave a comment?

See all | Add a comment

We take a look at the best cars you can get for your budget

My Budget is £450-£500 per Month: What Should I Buy?

If you want to change your car for a shiny newer one, having a budget of up to £500 a month will more than sort you out. It is especially true if you don't mind looking at the previously owned market. Why? Well, this is where purchasing a luxurious vehicle turns from dreamland into reality.

Of course, your monthly payments will be significantly impacted by the amount you're willing to fork out up front, with a larger deposit cutting a significant amount off your subsequent payments.

And most car finance deals usually have a 'balloon' settlement at the end of the agreement, which secures the motor as yours.

We have based our list on a 15 per cent deposit and a 36-month deal.

So, here are our top ten cars you could be driving away in for £450 to £500 a month.


If you’re looking at used cars, the BMW 3 Series 330e M Sport is just about the best performance BMW you can get, certainly in the 3 Series range, outside of the full-fat M3. A model less than three years old with 35,000 miles on the clock could be yours for just £475 a month.


If you want the refinement of German technology attached to a quintessentially British brand, the BMW-owned Mini Clubman Cooper with a 1.5-litre engine, at less than a year old and under 5,000 miles on the clock, could be all yours for just £480 a month.

Request a quote on a new car 


If eco-friendliness is the name of the game, you could get one hell of a Citroen for our target budget. In fact, you’ll be looking at a brand-new all-electric one, with the C4 crossover coming with just delivery mileage on the clock at £499 a month.


The Focus is an utterly superb hatchback, packing refinement and excitement into one. A 1.0-litre engine doesn’t sound thrilling, but Ford’s line of EcoBoost engines pack an awful lot of punch despite their tiny size. The Focus ST-Line Style with 2,500 miles on the clock, at under a year old, will cost you under £470 a month.

Find your next used car 


If you want something that better resembles an SUV, a two-year-old Hyundai Tucson in mid-range N-Line trim with a 1.6-litre engine and under 13,000 miles on the odometer could be yours for less than £470 a month.


Of course, if you're going into ultra-luxurious marque territory, you'll have to be willing to make some compromises, but it's doable. For example, at just over six years old, the Maserati Levante crossover SUV with a diesel engine has under 40,000 miles on the clock and could be yours for little more than £450 a month.


If you want something brand new and economical, then how about a proper 4x4? The Jeep Renegade comes as a 1.3-litre turbocharged petrol – and it’s a plug-in hybrid. With just a dozen or so delivery miles on the clock, it could be yours for a fraction under £475 a month.

Request a quote on a new car 


Many people think its cars are average, but Vauxhall is ascending these days. The new Astra is excellent and, in top-of-the-range Ultimate trim, with its 1.2-litre turbocharged petrol unit, you could be driving away in one that’s not even a year old and travelled less than 8,000 miles for a whisker under £485 a month.


The VW Golf is the obvious choice, so instead, we're looking at a big executive saloon: the Arteon. Not only that, but it’s also the mid-range R-Line, sporting athletic looks, 19-inch alloys, a 2.0-litre engine and a DSG automatic gearbox. With less than 7,500 miles on the clock, it’s yours at under a year old for under £490 a month.

Browse all used cars here


We end on a convertible sports car: the Mazda MX-5. Consistently regarded as one of the most reliable and best-handling cars for many years, you could drive away in a barely used example in the flagship GT Sport Tech trim. Less than 2,000 miles on the clock and with a 2.0-litre engine, it’s yours for just £499 a month.

So, there are our top ten cars for £450 to £500 a month.

Of course, suppose you’re able to increase your monthly deposit. In that case, your money will go even further. But this just serves to prove that, whether it's Jeeps, top-of-the-range BMWs or even Maseratis, you can afford a lot more than you think, especially if you’re open to a bit of compromise when it comes to age, mileage, and trim.

Search all used cars from £450-£500 per month

Related Articles

Negotiating price revealed as primary challenge for car buyers
A survey, conducted among 3,000 potential buyers browsing for both new and used cars online, identified key pain points in the process.
You could buy the King’s electric Jaguar
The first electric car of the British royal family, His Majesty King Charles' personal Jaguar I-Pace, is set to be auctioned.
At THIS specific mileage, your car experiences the most substantial decline in its lifetime value...
Experts suggest the optimal mileage to sell your car at is 60,000 miles
Used electric car sales increase by 90.9% in 2023, setting record numbers in the UK
In 2023, the UK witnessed a remarkable surge in the demand for used electric cars, with sales nearly doubling compared to the previous year