No deposit
car finance

CarFinance is your direct route to car finance without a down payment. We know how crucial having your own car is, and we make it possible. Need a used car? Our no deposit car finance options put you in the driver’s seat.

What is no deposit car finance?

No deposit car finance means you can finance a car without having to pay anything upfront. Instead of saving for a large initial payment, you spread the full cost across fixed monthly payments. It’s a flexible option for those who want to get on the road now — without delays or savings goals holding them back.

At CarFinance, we work with FCA-approved lenders that offer £0 deposit car finance to eligible UK drivers. You don't need to trade in a car or pay cash in advance. If your credit score and income meet the lender’s criteria, it’s possible to get approved for no deposit — and drive away in the type of car that suits your needs.

This option is ideal if you’re buying a used car, managing a tight budget, or simply prefer to keep your money set aside. We make the process simple: just check your eligibility online by providing a few basic details. You'll see your personalised finance deals — all in one place, with no impact on your score.

In short:

• You don’t need to pay anything upfront
• You’ll make regular monthly repayments based on your agreement
• You could finance a used car or a newer model
• It’s suitable for bad credit customers
• You can get a quote in minutes

Can I get car finance without a deposit?

Of course you can get car finance without a deposit, including with bad credit. Many UK lenders offer zero deposit options, so you can finance a car without paying anything upfront. You repay the full cost of the car in fixed monthly payments.

No deposit means higher monthly repayments, as you're borrowing more. Lenders prefer applicants with a strong credit score, but you may still be eligible if your income and credit meet basic criteria. A PCP finance agreement can improve your chances compared to Hire Purchase, due to lower monthly costs and an optional final payment.

Use our free tool to check your eligibility in minutes. We’ll show you tailored finance deals with no impact on your score.

Car finance options with no deposit

You don’t need to pay a deposit to finance a car. At CarFinance, we offer zero deposit options on both Hire Purchase (HP) and Personal Contract Purchase (PCP). The right choice depends on how you want to pay — and what you plan to do with the car at the end.

HP car finance

With Hire Purchase, you split the total cost of the car into fixed monthly payments. There’s no upfront payment, and once you’ve paid it off, you own the car. No final lump sum. No mileage limits.

This suits you if you want to keep the car long-term and like the idea of owning it outright.

PCP car finance

PCP finance gives you lower monthly payments. You don’t pay a deposit here either. At the end, you choose what happens next — buy the car, return it, or trade it in for a new one. There’s a set mileage limit and an optional final payment if you want to keep the vehicle.

It’s ideal if you want flexibility or plan to change your car every few years.

Pros and cons of no deposit car finance

At CarFinance, we’ll help you weigh the pros and cons and find the finance agreement that suits your credit score, monthly budget, and car goals.

How much can I borrow without a deposit?

You can borrow up to £40,000 with no deposit. At CarFinance, we work with a wide panel of credit broker lenders who offer flexible terms.

The amount you can borrow depends on your credit score, income, and the type of car you want to finance. We look at your full profile to help you find a finance deal that fits your monthly budget and keeps your repayments affordable.

We offer options on used cars, new vehicles, and everything in between. You can borrow without a deposit and still access competitive interest rates and fair terms, all from FCA-approved lenders.

Apply for bad credit car finance with no deposit

You can get car finance with bad credit and no deposit. We work with specialist lenders who build finance deals for people with poor credit, no need to put down a deposit or worry about past mistakes.

We run a soft credit check, so your credit score stays untouched. You’ll only see offers you’re eligible for, based on your income and budget.

You can borrow without deposit, spread the cost through fixed monthly payments, and get matched with a lender who understands your situation.

Check your eligibility today. It’s free, quick, and won’t affect your credit.