Best new cars for less than £500 per month

Rory White

06 Sep 2021

If you have a monthly budget of less than £500 for a new car, fear not – there are some superb options. Here we list the top 10 cars under budget on YesAuto's leasing site.

Leasing is extremely popular in the UK, with more than 90% of new cars sold being financed in some way.

Here at YesAuto, we have some superb lease deals on offer on a huge range of cars. We've been through them with a fine-tooth comb to find you the best.

All the deals below are based on a three-year agreement, limited to 10,000 miles a year, fronted by a three-month deposit and come with maintenance included in the cost.

Of course, these deals are available at the time of writing and may change.

1. BMW 4 Series

Lease a new BMW 4 Series with YesAuto

The BMW 4 Series has divided opinion with its gaping grille, but otherwise, it's a superb coupe. It's great to drive, has a high-quality cabin and one of the best infotainment systems you can buy, all for a good chunk under £500 per month.

2. Audi Q3

Lease a new Audi Q3 with YesAuto

The Audi Q3 combines sharp looks with a practical cabin and the high driving position so many love these days. Audi also makes some of the nicest interiors around, and you can currently have all this for less than £500 per month via YesAuto.

3. Volkswagen ID.4

Lease a new VW ID.4 with YesAuto

The world of cars is moving towards an electric future, and VW is way ahead of the curve with its ID.4. It's a five-seat EV SUV that'll go around 300 miles on a charge with the right battery and is available via YesAuto for less than £500 per month.

4. Peugeot 508

Lease a new Peugeot 508 with YesAuto

The Peugeot 508 is a stylish alternative to German executive saloons like the Mercedes C-Class, BMW 3 Series and Audi A4. It looks great inside and out and comes stacked with equipment, yet is also under £500 per month.

5. Volkswagen Arteon

Lease a new Volkswagen Arteon with YesAuto

Ever wondered what a Volkswagen Passat would look like dressed up for a Friday night on the town? Well, here it is, the VW Arteon. You get great styling, a still-spacious interior and a comfy and quiet drive all for less than £500 per month.

6. Cupra Leon

Lease a new Cupra Leon with YesAuto

Cupra badges used to be tacked on to the end of sporty Seats, but now it's its own brand. The Cupra Leon has proven itself to be superb to drive with great space inside and impressive levels of equipment. You can have one on your drive for less than £500 per month.

7. Audi A4

Lease a new Audi A4 with YesAuto

The Audi A4 has done battle with the BMW 3 Series and Mercedes C-Class and it's now closer than ever. The Audi stands out for its smooth engines and high-quality interior, plus the latest infotainment tech. This superb saloon can be yours for less than £500 per month.

8. Volkswagen Tiguan Allspace

Lease a new VW Tiguan Allspace with YesAuto

The Volkswagen Tiguan has won over thousands of buyers in the UK for its upright driving position, VW quality and great space. However, this Allspace adds another two seats, so can carry seven people and is still less than £500 per month.

9. Ford S-Max

Lease a new Ford S-Max with YesAuto

If you have a large family but don't like the idea of a dowdy MPV, then the S-Max might just be the perfect choice. For starters, MPVs don't get much better to drive, nor much more stylish to look at. Happily, it's also less than £500 per month.

10. Lexus UX

Lease a new Lexus UX with YesAuto

Lexus stands out from the crowd with its edgy, angular styling, but underneath you'll find a sensible hybrid engine that's extremely frugal in the real world. The UX is a seriously upmarket small SUV inside too, yet still costs less than £500 per month.

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Rory White

06 Sep 2021