No Deposit Car Finance
Car finance with no deposit is an easy way to spread the cost of your car over time.
- No Broker Fees. No Deposit
- Free Car History & Dealer Check
- Compare Best Car Finance Deals
Rates from 7.9% APR. Representative 21.4 APR

Car Finance Without the Upfront Cost -No savings, No Panic, No Pressure
Ever wish you could buy a car without all the faff? The monthly payments are affordable, it fits your budget but scratching together a deposit? That’s the tricky bit.
Not Any More. We work with Lenders who could offer you Car Finance without a Deposit, putting you in the driving seat without emptying your savings account.
See what you could afford today.
How Does it Work?
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1. Get A Quote
Just fill in our online form – tell us your budget and your income, and we’ll check your eligibility. If you fit the bill for one of our No Deposit Lenders, one of our Personal Car Buyers will let you know, without obligation.
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2. Find A Car
Just fill in our online form – tell us your budget and your income, and we’ll check your eligibility. If you fit the bill for one of our No Deposit Lenders, one of our Personal Car Buyers will let you know, without obligation.
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3. Pick Up the Keys
Just fill in our online form – tell us your budget and your income, and we’ll check your eligibility. If you fit the bill for one of our No Deposit Lenders, one of our Personal Car Buyers will let you know, without obligation.
Use our Finance Calculator to see what you could afford. Click the button to get a quote. We’ll start the ball rolling.
Remember: there’s no obligation at this point – just options.
Finance Calculator : How Much Can You Afford to Spend on a Car?
Representative example:
Borrowing £6,500 over 48 months with a representative APR of 21.4%, an annual interest rate of 21.4% (Fixed) and a deposit of £0.00, the amount payable would be £196.24 per month, with a total cost of credit of £2,919.52 and a total amount payable of £9,419.52
No Deposit Car Finance Explained
Lenders like Deposits because it shows your commitment. If you’ve laid down a chunk of cash up front, you’re more likely to pay the rest without any problems. That’s the thinking, at least.
Deposits also lower your monthly repayments – spreading less cash over the full term of your Loan.
You might imagine that securing Car Finance without a Deposit is difficult – there are certainly fewer Lenders who work without one.
If your Income and Credit Score are good enough, however, securing Car Finance without a Deposit is possible. Many of our Lenders specialise in offering Car Finance without Deposits, opening up options to buyers without savings.
If you can prove your Income and prove your Credit History, they’ll consider your application.
Pop in a few details and see what you could be offered.
Pros and Cons of No Deposit Car Finance
Pros of No Deposit Car Finance
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No Upfront Cash! If you don’t have a few thousand squirreled away (have you checked behind the sofa?) then you can still buy your car with finance.
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Get Your Car Sooner. If you’re not spending months saving up for a deposit then the car you want can be yours much sooner.
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Savings. If you need your deposit for something else – you’re getting married or saving for a house, for example – that cash is still yours to spend.
Cons of No Deposit Car Finance
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Higher Monthly Costs. When you pay a deposit, that money is deducted from the full cost of your repayments and each monthly chunk is lower. Remove the deposit and that money goes back in, costing you more every month.
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Harder to Secure. While not an impossible task by any means, securing finance without a deposit does tend to come with more strings attached. Lenders will need more persuasion, and that means better Credit Scores and a more secure income.
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Higher APR. APR is a combination of Interest and Charges. Deposits don’t attract these. If that money is put into your monthly payments it will attract these, meaning you might pay more APR over your whole loan, costing you more overall.
How to Get the Best No-Deposit Car Finance Deal
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APR (Annual Percentage Rate)
No Deposit Finance may attract slightly higher rates but remember: APR is negotiable. See which Lender offers you the lowest rate.
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Total Amount Payable
Without a Deposit, more of your loan will attract Interest and Fees. This means your overall total may be different than if you had paid a Deposit. Use online calculators to see what that difference might be.
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Monthly Payments
Your Lender should be able to give you a solid look at your monthly payments before you sign on the dotted line. It’s vital that these fit your monthly budget – don’t sign up until you know you can afford them.
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Term of the Loan
You might be tempted to lower your monthly payments by stretching your total repayment period. This might make up for your lack of deposit. Remember, however, that the longer your term, the more APR payments you’ll make, and the more expensive it might be overall. Keep this in mind.
Money Saving Tips When Taking out Car Finance
Check and Double Check
Nobody likes paperwork: it’s dull and full of technical jargon. We understand the urge to skim it. DON’T. The devil is always in the details so run through that paperwork with a fine tooth comb. Know what you’re signing up to.
Watch Your Budget
Are you certain you can afford it? Missing payments could put your car at risk and dent your Credit Score, making it harder for you to buy everything from fridge freezers to houses. Spend what you can afford and drive happy.
Save Any Excess
If you have spare money every month after paying your repayments, save it. You can put this towards your next car, your next home or even the balloon payment for your Car Finance, if you’re buying on a PCP deal.
Pay More
Paying off your loan quicker will save you money. You’ll pay less in APR over the length of the loan and pocket the difference.
Pay On Time
Paying regularly and reliably will boost your Credit Rating. The longer you can demonstrate trust, the better your rating will become and the less Finance will cost you in the future.