Get Car Finance with 0% Deposit Deals

Don’t let financial worries stop you from getting a new ride. With plenty of cheap car finance deals available, getting behind the wheel of your dream car has never been easier.

No deposit car finance is a popular option for those who don’t have a lump sum they can put towards the purchase. However, there are factors to consider before rushing into this type of deal.

In this guide, we’ll explore 0% deposit deals, their benefits, and how they compare to traditional finance.

What are 0% Deposit Car Finance Deals?

Zero deposit car finance deals mean exactly that - you don't have to pay a deposit to drive home your newly financed car.

These simple car finance deals can be a lifeline for those who need a car but don’t have savings or a lump sum to pay towards the deposit.

With 0% deposit car finance, you won’t need to wait to get the car you want. However, the amount you pay in the long run may be higher, compared to if you did have a deposit.

Compare the different deals available and consider the total cost of finance before deciding which option is right for you.

Benefits of Choosing 0% Deposit Car Finance

Besides getting to drive away in the car you want without paying a lump sum, no deposit car finance has other perks.

Not having to put down a deposit can make expensive vehicles more affordable. So, you can potentially get a better car than you could if you were paying a deposit.

In essence, zero deposit deals can make getting a new car more accessible.

0% Deposit Car Finance: Who's Eligible?

Unfortunately, zero-deposit deals aren’t available to everyone. They are mostly offered to those with superb credit scores.

Some lenders do offer 0% deposit car finance deals to those with bad credit, but you’ll find the interest rates tend to be extremely high.

Although it sounds like a great deal to drive a car home without having to pay anything upfront, it can be more expensive in the long run.

Remember, you are borrowing more money and paying more interest overall. Use a car finance calculator to determine how much your 0% deposit deal will cost you.

Each lender will have their own criteria for zero deposit car finance. Shop around, read the fine print, and perhaps even have a chat with the financing company to check your eligibility.

Zero Deposit vs. Traditional Finance: Which is Better?

With car finance, there is no one-size-fits-all option. There are pros and cons for both zero deposit and traditional simple car finance offers.

Let's break down the pros and cons of each option to help you make an informed decision.

Zero Deposit Car Finance


  • No initial lump sum payment
  • Keep more cash in hand
  • Great for times of emergency when you need a new car quickly


  • Higher monthly repayments
  • Increased interest charge
  • Risk of negative equity


Buying A Car With A Deposit


  • By paying a deposit, you reduce the amount you need to borrow
  • Lower monthly repayments
  • Less interest over the term of the loan


  • You will need a lump sum for the deposit
  • May take time to save up money for a deposit

As you can see, both options have their advantages. To make the right decision, consider your general finances, monthly budget constraints, and long-term financial goals.

Zero deposit car finance can offer a lifeline for those who need a car quickly but don’t have a large deposit. Just be sure to consider all your options before jumping in and taking the first deal you find.

Read more about zero deposit car finance:

FAQs About Car Finance 0% Deposit Deals:

Can Anyone Get a 0% Deposit Car Finance Deal?

While many lenders have broadened their criteria, not everyone will qualify for 0% deposit car finance. Eligibility often comes down to factors like credit score, current income, and financial stability. It's always worth checking with multiple finance providers to see what's available to you.

Can I get no deposit car finance on a used car?

No deposit car finance isn't exclusive to new cars. Many finance companies and dealerships offer 0% deposit deals on used cars. This makes it easier for buyers to access vehicles without an upfront payment.

Can I Get Cheap Car Finance Deals Without a Deposit?

Some 0% deposit deals can be considered forms of cheap car finance, especially when promotional interest rates or other incentives come into play. However, always look at the total cost over the term of the loan, as monthly payments might be higher without a deposit.

Do I Need to Pay a Deposit to Finance a Car?

Not necessarily. While traditional finance often involves a deposit, many finance providers now offer no deposit car finance options. The choice often comes down to your financial situation and preferences.

Is 0% Deposit Car Finance a Good Deal?

0% deposit can be an excellent deal for those who don't want to or can't provide an upfront payment. However, it's crucial to assess the long-term implications, including potentially higher monthly payments. Compare terms, interest rates, and total costs to determine if it's the right fit for you.

How Can I Save Money When Buying a Car?

Several strategies can help you save money when buying a car. Consider buying during promotional periods, negotiating the price, exploring various car finance deals, and doing thorough research on the car's value and history.

Running checks, like an HPI check, can also prevent unforeseen expenses down the line.