Car finance calculator

Good credit
Bad credit
Amount to borrow:
To repay over:
5 Years
Car finance rate XX% APR
Cost of credit £ XXX
Total repayment £ XX,XX.XX
48 monthly payments of
£ 245 /mo

Representative example - Borrowing £5,500 over 4 years with a representative APR of 19.8%, and a deposit of £0, the amount payable would be £162 per month, with a total cost of credit of £2,282 and a total amount payable of £7,782.

Carplus will find the best car loan rate from our panel of lenders and will offer you the best possible deal. We don’t charge fees, but we earn a commission. This does not influence the APR you’re offered in any way.

We compare car finance deals for you

  • Oodle logo
  • PCF Bank logo
  • Moneybarn logo
  • Marsh logo

When applying for no deposit 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 the monthly payments. The lender also determines whether or not to provide you with no deposit car 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 loan packages, including no deposit finance.

How does 0 deposit car finance work?

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

  1. Personal contract purchase (PCP). This is a type of car finance without deposit that 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 deposit when 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” fee.
  3. Personal loan. This finance option usually requires no down payment. The main focus is to perform monthly payments to your finance provider. And once you pay off the balance in full, the car will belong to you.

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 a zero deposit car loan, 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 are. 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 car finance provider, 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 no deposit car finance.

To apply for a quote 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 zero deposit car finance?

As with other finance deals, a 0 deposit car finance option has its 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 deposit.


  • 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 agreements without deposit will be higher overall.

Car finance with no deposit and bad credit

If you are looking for car finance with bad credit, we have various options 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 the credit rating. Therefore, you can still secure bad credit car finance with no deposit 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 car finance with no deposit with Carplus!

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

  • We approve car loans with no deposit required
  • We offer car finance for clients with bad credit and 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 will suit your budget.

No deposit car finance FAQ

Is no deposit 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 car finance with bad credit?

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

Which cars are available with no deposit?

It is up for you to decide with a car would you 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 possible.

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