No Deposit Car Finance

No deposit car finance is a Hire Purchase agreement where you pay nothing upfront — the full vehicle cost is financed over the loan term. Availability depends on the lender, the car's value, and your affordability. Where £0 deposit isn't possible, low-deposit options or part-exchange as deposit may be available, subject to status.

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Can I get car finance with no deposit?

£0 deposit options are available on some vehicles, depending on the lender, the car's value, and your affordability. Lenders typically consider no-deposit finance when the loan-to-value ratio is reasonable and the applicant's affordability is strong.

What if no deposit isn't available?

If £0 deposit isn't possible for your application, two options may help:

• Low-deposit finance — even 5–10% can unlock more lender options
• Part-exchange — using your current vehicle as a deposit contribution

Should I put a deposit down even if I don't have to?

If you can afford it, yes. A larger deposit reduces the amount borrowed, often unlocks better APR rates, and lowers your monthly payment. A 20% deposit is typically considered a strong signal for affordability.

Representative Example

Borrowing £8,495 over 4 years at 19.9% Representative APR, with a £500 deposit, monthly repayments would be £258.42. Total amount payable: £12,404.16. Subject to status and affordability.