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 anything upfront.
Zuto is a credit broker, not a lender. Our rates start from 7.9% 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.
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. Fortunately, with Zuto, getting no-deposit car finance is as simple and straightforward as getting any other type of car finance.
Zuto works with a panel of lenders who can offer no- or low-deposit car finance. Whether you apply online or talk to our team, we’ll be able to discuss your options with you; together, we’ll find suitable car finance deals, no deposit required. We also work with lenders who specialise in bad credit car finance.
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 zero-deposit car finance.
A no-deposit car loan provides the flexibility you need to buy a new or used vehicle. Car finance options available include PCP, Hire Purchase (a type of finance where payments are based on the car's value), or a personal loan.
No deposit car finance deals are a popular choice for car buyers, with flexibility based on a few simple requirements:
No-deposit car finance is really simple. Just apply online or get in touch with our team, to get the ball rolling.
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.
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 details when we speak, and help you find appropriate 0% finance on used cars (no-deposit) and new vehicles.
As no-deposit car finance agreements are loans, you must be 18 or over to apply.
Paying off your 0-deposit car finance early depends on the agreement you have with your lender. You can contact us for any support.
Whether you can keep a car after a finance period depends on your agreement:
A zero deposit car finance agreement will take the same time to process as any other type of loan.
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.
Want to understand if you need to pay anything upfront to the dealer when buying your new car? Find out more in our guide.
Looking for a car finance deal but want to know if a deposit is required? Our guide explains all.
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