Man driving in car

Car finance with no deposit

You don’t always need a deposit to get a car on finance. We work with lenders who’ll get you on the road, without needing to pay upfront.

Zuto is a credit broker, not a lender. Our rates start from 9.9% APR. The rate you are offered will depend on your individual circumstances. Representative Example: Borrowing £7,000 over 48 months with a representative APR of 19.3%, the amount payable would be £205 a month, with a total cost of credit of £2,831 and a total amount payable of £9,831.

How to get car finance without a deposit

People sometimes pay a deposit when they get car finance – in some instances, it can help with getting an approval from a lender and helps reduce monthly repayments.

But we know it’s not always possible to save for that upfront cost.

Getting no-deposit car finance is as simple and straightforward as getting any other type of car finance.

  1. Apply for a quote – fill in your details and we’ll search our panel of lenders. We’ll then be in touch to discuss your options.
  2. Pick your car – choose from over 40,000 cars from a Zuto-approved dealer, or you can find your own car. We’ll run a free vehicle and history check on any car you choose.
  3. Start driving – if the agreement works for you, the lender will run some final checks, make sure you’re happy to proceed. We’ll arrange to pay the dealer and then you just need to pick up the car.

Finding the right lender

Zuto works with a panel of lenders who can offer no-deposit car finance.

When you apply online or talk to our team, we’ll be able to discuss your options with you. Together, we’ll find a finance agreement and vehicle that’s right for you.

How much can I borrow without a deposit?

In theory, there’s no set limit to how much you can borrow without a deposit.

Each application is considered on its own merits, which means we’ll run a tailored search, based on the amount you want to borrow and your credit history, to find lenders from our panel that can offer you car finance.

The advantages and disadvantages

A car loan with no-deposit provides the financing you need to buy a used car.

You can choose between Personal Contract Purchase (PCP), Hire Purchase (HP) or a personal loan. Find out more about the different car finance options.

The money you would have paid as a deposit is absorbed into your monthly payments. However, there are some important things to think about.


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  • No need to save up to pay a deposit upfront.
  • You could get your new car quicker, as you wouldn’t need to save for a deposit.
  • You could use an existing vehicle in part exchange as a deposit.


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  • If you don’t pay a deposit, your monthly payments will be higher or the loan period may have to be longer.
  • The total amount you pay will be higher than if you had paid a deposit, as you’ll be charged more interest.
  • It may be more difficult to secure a no-deposit finance agreement without a good credit score.

What are the requirements?

No deposit car finance deals are a popular choice for car buyers, and this flexibility is based on a few simple requirements.

  • Affordability – you need to be able to afford the monthly payments. By providing details of your income and lenders being able to view your credit history should give some reassurance that you won’t have problems with the repayments throughout the length of the term. Use our car finance calculator for an idea of what you might be able to borrow.
  • Age – you need to be over 18 and be able to provide some basic personal details such as your name, age, and address.
  • Extra information – the lender may sometimes ask for more information but we will let you know if anything additional is required.

No-deposit car finance is really simple. Just apply online or get in touch with our team to get the ball rolling.

Car finance calculator

See how much you could borrow


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

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The length of your finance agreement depends on whatever’s right for you and your lender. A longer plan can mean smaller monthly payments, but you might spend more in the long run with the interest.

Which cars are available with no deposit?

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Whether you’re looking for a family SUV or a city run-around, we should be able to help find the right car for you. Some of our lenders have minimum requirements on a car such as age and mileage. We can help clarify these when we speak to you about your finance options.

Can I get a no deposit deal if I am under 18?

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No, as no-deposit car finance agreements are loans, you must be 18 or over.

Can I pay off the deal early?

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Usually, yes. This depends on the agreement you have with your lender. You can contact us for any support.

Can I keep the car once the finance is paid off?

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Yes, but it depends on the type of finance. With PCP, you’ll have the option to make a balloon payment at the end of the deal, while with HP the car will be yours once you’ve paid the Option to Purchase fee (Zuto’s lenders usually charge £1 to £10, although some lenders may be higher). With a personal loan, the car is yours from the beginning.

Does a no-deposit deal take longer to process?

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No, a no-deposit finance agreement will take the same time to process as any other.

Will I be accepted if I have a bad credit rating?

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We may still be able to help you find a no deposit deal, even if you have a bad credit rating, so please get in touch. You can also find out more about getting car finance with bad credit in our guide.

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