When applying for no deposit car finance, a lender will check your credit history to decide how much credit to offer you. This will establish the interest rate that will apply and your monthly payments. The lender also determines whether or not to provide you with no deposit finance.

When applying for a no down payment car loan with Carplus, you get the best rates that might not be available elsewhere. You can buy any car from any reputable dealer, and we will find the right deal for you. And, of course, you get a no-obligation quote before making any commitments.

We have exclusive deals with several car finance lenders, so we offer a range of finance packages, including no deposit finance deals.

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Rates from 9.9%: the exact rate you will be offered will be based on your circumstances, subject to status. Representative example: borrowing £10,000 over 60 months, £1,000 deposit, on HP, and a representative APR of 19.9%, the amount payable would be £229.95 per month, with a total cost of credit of £3,796.82 and a total amount payable of £13,796.82.

We look to find the best product from our panel of lenders and will offer you the best deal that you’re eligible for. We earn a commission for providing our services, but this does not influence the interest rate you’re offered.

How does no deposit car finance work?

0 deposit car deals can be equally applicable for every option, including a personal contract purchase or a hire purchase.

  1. Personal contract purchase (PCP). This type of car finance deals with no deposit provides various options when the agreement comes to an end. During the loan period, you are obliged to make a fixed monthly payment. However, when it ends, you are free to return the car, use its equity for a deposit on a new vehicle, or buy it outright with a one-off payment.
  2. Hire Purchase (HP). Larger monthly payments characterise this car finance method without a deposit compared to PCP. However, you will own the car at the end of the loan period as long as you keep up with the repayment schedule and cover the “option to purchase”.

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How much can I borrow without a deposit?

We can finance anything between £2,000 and £50,000 for the purchase of a new or used car. If you wish to get accepted for no deposit car finance, apply now for a no-obligation quote and find the cheapest deal from one of our lenders.

The longer the repayment term, the lower the monthly payments. We aim to offer you bespoke car finance deals to ensure that repayments meet your expectations and budget.

What are the requirements for 0 deposit car finance?

As a trustworthy UK online broker, we cater to a diverse group of customers. And we strive to provide guaranteed results in every situation. That is why there are certain criteria that must be met when you apply for car finance with no deposit.

To apply for no deposit car finance with Carplus, you need to be:

  • Aged between 18 and 75
  • Have been a UK resident for at least 12 months
  • Receive a monthly income of at least £1,000

What are the pros & cons of a no deposit car finance?

As with other car deals, car finance without a deposit has advantages and disadvantages. Consider them before you fill in the application form.


  • It is not necessary to save up money for a deposit.
  • You can buy a car more quickly as there is no need to save up for a deposit in advance.
  • Your current vehicle could be offered to a credit broker as a down payment.


  • No deposit car finance is characterised by higher monthly repayments or an extended loan period.
  • Finance agreements without deposits usually require a good credit score and will be less affordable for individuals with poor credit.
  • The amount to be paid in car finance agreements without a deposit will be higher overall.
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Get car finance with no deposit and bad credit

If you need to get a car on finance but you have a bad credit history, there are various options available for you. As a proven online car finance broker, we have many partners in the lending sphere who deliver attractive terms for their customers regardless of their credit score. Therefore, you can still secure bad credit car finance with Carplus.

We always perform a soft search that has no impact on your credit. So if you’re worried about making too many searches and negatively impacting your credit score, we’ve got you covered.

Apply for a no deposit finance deal to get a car with Carplus!

Our customers are happy with the wide range of car finance deals we offer. We do this by comparing the best loan deals from the top lenders.

  • We approve car loans with no deposit required
  • We offer vehicle deals for clients with a low credit score as well as no deposit deals
  • We can help you if you have a poor credit history
  • We can help if you’ve been bankrupt
  • Cheap no deposit car finance packages
  • Apply today to get your personalised no-obligation quote

You can transform your life and buy the car of your dreams for work or leisure, with monthly repayments that suit your budget.

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No deposit car finance FAQ

What is no deposit finance?

One of the first steps you take when considering financing a new car is typically to pay a deposit. Paying the deposit is usually done with cash or another form of exchange. Not everyone has a car to trade in or savings available upfront, which is where no deposit car finance comes in handy.

Is no down payment car finance guaranteed?

It cannot be guaranteed as it depends on various factors, including your financial situation. Lenders need to perform a thorough check before they can guarantee anything. However, a personal loan, for instance, is a no deposit car finance option.

How does no deposit typically impact monthly payments?

The absence of the initial deposit usually increases monthly payments, which is understandable. However, in spite of this, payments are usually affordable for most customers. That is why no deposit deals are in high demand.

Can I get a no deposit loan with a low credit score?

Yes, there are various no deposit car finance options for customers with a low credit score. Unfortunately, they involve less attractive terms than those offered to customers with good credit. Yet, it is always possible to find a poor credit deal to meet your needs and budget.

Is there a way to improve my credit score so that I can get car financing without a deposit?

Some people may feel that they are unable to get a car loan because of their credit score. The truth is, this isn't always the case. There are a few things you can do to improve your credit score so that you can get a car loan with no deposit:

First, you should make sure that your credit report is in good shape by paying off any debts owed and updating it when necessary.

Second, you should make sure that your debts aren't too high relative to your income.

Third, if you have any outstanding judgments or liens on your report, those should be paid down before applying for a loan.

Fourth, registering on the electoral roll makes it easier for them to find your details and make a decision about your application. It's easy to do and any finance company will do a credit check before agreeing with you.

Finally, if you have any errors on your report, contact the bureau and ask them to remove them before applying for a loan.

How long do I get to pay off zero deposit finance deal?

You'll choose a finance agreement that fits your buying and borrowing needs. The longer the loan period, the more you'll be paying per month, but it may offer lower monthly repayments in total.

Can I pay off the no deposit deal early?

You might be able to find out the settlement figure for your car insurance policy if you have a car finance agreement with the company. This will depend on what type of agreement you have with them.

Which cars are available with no deposit?

It is up to you to decide which car you would like to buy. It can be a new car or a used vehicle. You can use it for personal needs or for work. But either way, its cost has to be within your credit limit.

Is car insurance included with no deposit deals?

No, car insurance is never included with no deposit deals. Before you obtain insurance, you have to make a payment. The payment amount is usually irrelevant.

Does a no deposit deal mean a longer decision process?

Not necessarily. For instance, the Carplus team understands how important it is for a customer to save time and buy their ideal car as soon as possible. So we work quickly to process your request and get back to you with a final offer as quickly as we can.