Every driver in England can cut monthly car finance payment to £169 a month

The cheapest electric car on the UK market now costs less than £170 a month as brands slash prices for drivers. The all-new Dacia Spring is available for just £169 per month, with “the UK’s most affordable electric car” priced at just £14,995.

David Durand, design director at Dacia, said: “As Spring embraces the brand’s new design language, it is a resolute sign that it is here to stay as a key member of the Dacia family. We gave it a serious and confident design. Building on the success of the previous generation, the All-New Spring confidently asserts its own identity.”

Until 4 June, the Dacia Spring is available to pre-order now with a £99 deposit. Those that sign-up will be among the first to get their hands on the Spring in the UK and receive £250 to spend on accessories for the car, public charging or as a contribution to the cost of a home wallbox charger through Mobilize Power Solutions.

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The average amount of money a car buyer spends a month on their finance payments is between £300 and £400 a month. A What Car? survey of 1,212 car buyers for Car Dealer found a wide spread of payment amounts from those car buyers who said they’d used finance to fund their last car purchase.

The Spring EV will be £12,000 cheaper than Britain’s current cheapest EV, the MG4. The Spring is just £200 more expensive than Dacia’s most affordable Sandero supermini, and its low price point should force the hand of rival brands to make their battery-powered cars less expensive.

Luke Broad, Dacia brand director for the UK, said: “Spring has played a key part in widespread adoption of EVs across Europe and, with a price that is even lower than speculated, we’re confident it will continue the success story in the UK.”