0% Deposit
What is no deposit car finance?
When you finance a car, you will have the option to put down a deposit. Usually this is around 10% of the vehicle's overall price, and is taken away from the overall loan amount and paid in cash or as a part-exchange.
A personal contract purchase arrangement is the most typical option to obtain car finance without a deposit. While hire purchase agreements with no deposits are extremely uncommon.
It's worth noting that putting down a deposit may increase your chances of approval or lower your total loan amount. However, not everyone has a car to trade in or the funds to make a down payment, which is where no deposit car finance comes in.
While a no deposit car finance deal can help you get on the road quickly if you really need a car, it's important to bear in mind that your monthly repayments will be higher, and therefore your interest rates too.
No deposit car finance at Carworld
Because we understand that not everyone is in a good financial situation, you can reserve any car for just £99 and get it back once you purchase the car.
We work with specialist lenders to provide low deposit cars and no deposit car financing. Additionally, we are able to cater finance deals to your budget and how long you'd like to have the car.
Get a no-deposit car finance quote today to see whether you qualify for one of our no-deposit car finance packages. Our online application is free, and our rates start at a low 8.9% APR.