French automakers, Peugeot, have announced the release of the new Peugeot 108, which is due to go on sale in July 2014. Like the previous generation Peugeot 107, the car has been developed in partnership with Toyota and Citroen, with each manufacturer offering their own variation whilst sharing the same chassis and components.

The 108 will be available in 4 specification levels: access, active, allure and feline. The standard 1.0 litre Access model will be priced at just £8245. The most expensive model in the range is the 1.2 litre Cabrio model featuring an open top roof – perfect for summer drives – priced at £12,245. It’s clear that Peugeot are targeting this attractive supermini at young drivers and those after a budget city car by offering highly competitive pricing.

We know what you’re thinking – the price is too good to be true, and that the 108 will probably resemble a 1950s utility vehicle on the inside. Fear not, though – the new 108 comes with remote central locking, airbags all around, USB and Aux connectivity and steering wheel audio controls as standard – pretty impressive. Equipment levels are even more generous on higher spec models, featuring a reverse parking camera, dashboard mounted entertainment screen, DAB digital radio and climate control. Other automakers will struggle to match the generous equipment levels offered by Peugeot.

Peugeot are offering two engine options for the 108, with either a 5-speed manual or automatic transmission. The basic 1.0 litre engine produces a conservative 68 bhp, more than enough for driving around town. However, if you need something a bit more nippy, the Peugeot is also available with an 82 bhp 1.2 litre VTi engine, adding a little more punch to the mini hatchback. Both engines are super efficient and produce less than 100g/km of CO2, meaning they’ll be exempt from road tax.

Fancy getting your hands on the new Peugeot 108? Head over to our Peugeot finance page. At the Car Loan Warehouse, we’re specialists in car financing for both new and used cars. Working with dealers and lenders directly, we can help you find the best car finance deal, regardless of your credit rating. Try our quick and easy car loan calculator to see how much you could save.

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