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No Deposit Car Finance

With our convenient no deposit car finance solutions, you can get on the road quickly without having to pay in advance. 

At We Finance Any Car, we are often asked if you need a deposit to be eligible for car finance. Nine times out of ten, the answer is ‘no’! While it always helps to offer your lender a payment upfront, not everyone has that luxury. For many, having to pay a hefty deposit can be a significant barrier to securing a car loan. 

Let’s face it, no car owner is the same. So why should the requirements for car finance remain so rigid? Such a wide variety of personal and financial circumstances demands flexible car finance. That’s where We Finance Any Car come in. As industry experts, we understand the system and recognise the unique needs of our customers, offering a range of car finance options for just about every background and budget.

Whether you’re a young driver, struggling with a bad credit history, or simply just don’t have the funds for a deposit, we will work with our specialist car finance lenders to bag you the best rate possible.

With us, you won’t have to put down a deposit to drive your dream car, except in very special circumstances.

Plus, with our exciting selection of new and used vehicles from trusted dealers, you’ll be able to find the car of your dreams with a payment plan that won’t break the bank. From spacious SUVs to commercial vans and compact city cars perfect for the daily commute, there’s something for everyone.

We’ve made car finance easy. No more complex questionnaires or daunting terms and conditions. As long as you meet the lender’s requirements, all that’s left to do is complete the paperwork and collect your car. Of course, we will support you through every step of the process.  

Discover fuss-free no deposit deals today

What you can expect from our no deposit car finance service:

  • No deposit required
  • Easy application process
  • Soft credit check
  • Panel of specialist lenders
  • Bad credit car finance available 
  • Trusted and FCA authorised dealers
  • Wide range of makes and models

How no deposit car finance works:

You’ve found a new or used car that ticks all your boxes. Now what? Once you’ve applied and been accepted for finance, you’ll need to start making regular monthly payments from the start date. You might be asked to pay a reservation payment or fee, usually around £200, to take the car off the market and hold it in your name.

Previously, applying for a car finance deal without putting down a deposit may have resulted in a firm headshake and a shut door. Not anymore! With one of the largest panels of lenders in the business, plus an easy online application, you won’t have to search high and low to find a suitable solution.

While you won’t normally be required to make a deposit, you will be expected to meet your payment deadlines in full, each month. Failure to do so may lead to a late fee or additional charge, damage to your credit score, or even your car being repossessed. When it comes to your car finance agreement, we want you to have an easy ride. If you are struggling to make your monthly payments, always reach out to your lender. 

Enjoy the freedom of owning a car with budget-friendly finance solutions. 

Apply now.

Keep your money in your own Back Pocket

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Struggling to wrap your head around no deposit car finance? We'll take you through the basics...

We offer a variety of car finance options, ranging from more traditional forms to a specialist service for those being held back by a poor credit score. Usually, you won’t be required to put down a deposit. 

With Personal Contract Purchase (PCP), you only borrow part of the car’s value, meaning the monthly payments are typically lower than Hire Purchase (HP) deals. At the end of the agreement, you have 3 options: make a final balloon payment to own the car outright, return the car and walk away, use any equity as a deposit towards a new PCP loan. This makes it a more flexible, more affordable, and more favourable option for no deposit deals.  

For those who are eligible for bad credit car finance, bagging your next car with no deposit is still possible. Whether you have a CCJ on your record, a poor credit score, or no credit history at all, we can help you find a finance solution that suits you. Simply fill out your application and leave the rest to us…

What is no deposit car finance?

When you choose We Finance Any Car, you can usually secure a car finance deal without having to pay anything in advance.

No deposit car finance does what it says on the tin: it is a type of agreement that allows you to purchase a new vehicle without the need for a deposit. This will typically work like any other car finance deal, whereby you will make monthly payments over a fixed time period. Once that final payment has been made, you are the official owner of the car. For those who don’t have the funds available for a deposit, or if you would prefer to spread the cost of your car over a longer period of time, this is a great option. 

It’s important to note that a no deposit or zero deposit agreement can potentially come with slightly higher interest rates than regular HP agreements or raise the amount of your monthly payments. Alternatively, you may need to stretch out the loan over a longer period. 

If you’re concerned about how much this could set you back, our free car finance calculator will give you a clear view of your estimated payment plan.

Is zero deposit the same as no deposit car finance?

Generally speaking, zero deposit and no deposit car finance are the same thing. In both cases, you are able to secure a car finance deal without putting down any deposit or upfront payment.

At We Finance Any Car, we recognise that money can be tight and you will have other responsibilities outside of your car finance agreement. That’s why we work with lenders who will usually offer a no deposit deal, so you can keep hold of your cash and spend it elsewhere. 

Some lenders may use different terminology or have slightly different requirements, so we would always recommend reviewing the terms and conditions of your agreement before signing. If you are confused by any tricky terminology or come across any hurdles, we will be on hand to help!

Why do we offer no deposit car finance?

Simply put, our mission is to make car finance accessible to the many, not the few. By removing the requirement for a deposit, we can help a larger percentage of people get behind the wheel of their dream car. 

Yes, no deposit car finance is particularly helpful for those who may have limited savings due to financial difficulties. However, our service is set up to support a wide range of circumstances and we help customers from all backgrounds secure car ownership. For those who are just starting out in their careers and may not have a high income yet, such as first-time buyers or young drivers, it can help to make car finance more manageable.

Under what circumstances will I need to make a deposit?

In the vast majority of circumstances, you will not need to make a deposit. Some dealers may require a holding fee, but this is purely to reserve the car in question. 

While we strive to find all of our customers a no deposit finance deal, lenders may occasionally require a deposit. This is usually a result of the car’s retail value. If it is retailing over its estimated value, perhaps because the make or model is in short supply, then you may be asked to put down a deposit to make up the difference. It should be stressed that this is not the norm and our expert team will be able to advise you on the best approach, whatever your individual situation.

Can I put down a deposit if I want to?

Absolutely! Although it is not compulsory, many people choose to put down a deposit when applying for car finance.

All lenders welcome deposits and, if you have a poor credit history, it can help to improve your chances of approval. A deposit can also lower the amount for your monthly payments – the more you put down, the less you’ll have to pay. So, if you have the means for a deposit, it can be a way to better manage your overall budget. If you’re shopping for a significant upgrade or after a high-end car, a larger deposit can help to sway the finance application in your favour. It may even lead to you getting a better APR rate, in some cases.

Who is eligible for a no deposit car finance deal?

The specific requirements can vary depending on the lender and the type of finance agreement. Due to a no deposit deal involving a larger borrowing sum than the equivalent with an initial deposit, the lender needs to be confident that you can make the payments. That means that someone with a good credit score, and a track record of paying back money on time, may be seen as a more favourable applicant where affordability is a concern. 

Anyone seeking a car finance contract will go through a background credit check. Aside from all the usual regulatory requirements, this is to assess your creditworthiness and determine the likelihood of you repaying the loan. At We Finance Any Car, our panel of lenders will conduct a soft credit check, in the first instance. This way, they can have a look at your finances without damaging your credit score.

Can I get a no deposit car finance deal if I have a bad credit history?

If you have a bad credit rating or are facing financial difficulties, you have likely experienced rejection after rejection from traditional lenders. Often, you are viewed as a higher-risk borrower and don’t get a look in. You deserve more!

Putting down a deposit can certainly help with the application process, but it’s not the be-all and end-all. Our specialist panel has a wealth of experience in providing finance options to people with bad credit and we will work tirelessly to find you a deal that suits your needs, deposit or no deposit. 

In fact, having a bad credit car finance agreement with no upfront cost helps many people to access car finance where they dont have to come up with a large deposit in one hit. A zero deposit deal can also help you to manage your budget over multiple months.

Can I get no deposit car finance if I am self-employed?

One of the things a lender will look for when reviewing applications is proof of income and financial stability. Being self-employed may make things a little trickier, but there are still options available to you. 

In the UK, the number of people who are self-employed is growing at a rapid rate. Why shouldn’t car finance be as accessible to a freelancer as it is to someone in full-time employment? With us, it is.

To increase your chances of being approved for car finance with no deposit, you’ll need to provide a few finance documents. If you are self-employed, your main source of income is likely to be a wage that you pay yourself, either weekly or monthly. Anything from a bank statement, open banking, a tax return, or invoice can be used as evidence to show that you can make the monthly repayments.

Can a joint purchase agreement improve my chances of securing no deposit car finance?

Yes – applying for a no deposit car finance deal with a partner or co-signer can improve your chances, especially if the other person has a solid credit history. Your co-signer’s creditworthiness will provide additional security, although it’s important to remember that your own credit history and affordability will also be taken into consideration. 

Remember that the car is jointly owned and you will both be responsible for repaying the loan, so it’s crucial that you enter into the finance agreement with someone that you trust and preferably live with. This helps the process to run a lot smoother and avoids any disputes or difficulties further down the line.

Looking for a new van but don't have the money for a deposit?

You’re in luck! We understand that a new van is a huge investment and saving for a deposit isn’t always possible. With no deposit van finance, you can spread the cost of the vehicle into achievable monthly instalments, without the burden of a large upfront payment. 


Whether you need a trusty mode of transport for your new business, an affordable replacement for your current van, or something that can be transformed into a comfy camper, you’ll be able to find a no deposit deal in no time at all.


When it comes to financing a van, new or used, you need to meet a few requirements:

  • You are 18 or older
  • You have lived in the UK for a minimum of 12 months
  • Your monthly income is at least £1,000

If you have a standard driving license, you can drive a van of up to 3,500kg. For anything heavier, or if you are towing a trailer with your van, you may be required to take a few extra tests.


Whether you’re in full-time employment, are self-employed, or somewhere in between, we will support you through the entire application process.

What types of vans are available to finance?

You need a vehicle that you can count on and we have quite the lineup. At We Finance Any Car, you can choose from the most popular makes on the market, including the likes of Ford and Volkswagen. 

Remember, always factor the type of van into your budget. If you’re after a van with a higher purchase price, you will likely have higher monthly repayments. The age and condition of the vehicle are also things to consider. A shiny, new van will cost you more on finance than an older van with some wear and tear.

What purpose is the van serving and what specific needs does it have to fulfil? 

Once you’ve answered those questions, you will have a much clearer picture of the type of van you should opt for. 

Ready to kickstart your journey with We Finance Any Car?
Apply now.

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About Us

If you are looking for car finance, you are in the right place!

We have years of experience in car finance, a very extensive lending panel and a team that is set up to get you the car you want at the best finance rate possible. If you have already found a car and just need the finance – great! If you need help finding a car then we are there for you as well – in fact, we have access to over 300,000 cars.

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