Skip to content

No deposit car finance

Get a car finance deal without paying a deposit

  • Representative APR 14.9% (Fixed)

  • Compare deals through our Partner, Motiv

  • Get a car finance quote in minutes

feefo logo
Overall customers rate us
4.9 out of 5240,643 reviews

MoneySuperMarket is a credit broker not a lender. You must be 18 or over and a UK resident.

Check your eligibility now

Compare car finance deals from across the market

Our partner Motiv works with a wide range of providers, including the big car finance brands, to help you borrow the money you need

company logo for carfinance-247-logo
company logo for evolution-loans-logo
company logo for my-car-credit-logo
company logo for oodle-logo
company logo for rac-logo
company logo for zopa-logo

What is no deposit car finance?

No deposit car finance is when the total cost of the car is financed, meaning you don’t have to put any up front deposit towards the vehicle.

This type of finance is typically only available on used cars, and will depend on the lender as to whether they can offer it. If no deposit isn’t an option, many lenders will offer finance with low levels of deposit.

parked car

How does a zero deposit car finance deal work?

You can approach no deposit car finance similarly to other car finance.

  • Check what finance offers are available to you in your circumstances.

  • If you haven’t found a vehicle yet, find one that fits within the lender’s criteria.

  • Confirm with the lender that no deposit finance is available and then proceed with the deal.

Why compare no deposit car finance with MoneySuperMarket?

We’ve partnered with Motiv to bring you top car finance deals from across the UK market

  • It’s quick and easy

    Comparing car finance with us is simple and speedy. Just answer a few questions and you can start comparing

  • Range of options

    We have a variety of car finance options available, from Hire Purchase, Personal Contact Purchase to a personal loan

  • It won’t harm your credit score

    Just tells us a bit about your finances and then we can show you car finance deals you’re likely to be approved for

What are the pros and cons of zero deposit car finance deals?

  • Tick


    • No upfront cost for the vehicle

    • Offered by several lenders in the market

    • You may still be able to use your existing vehicle as a part exchange

  • Cross


    • With no deposit you’ll need to borrow more for the vehicle

    • Borrowing more would lead to higher monthly payments & interest

    • There may be some lender restrictions on no deposit deals, such as your credit profile or the vehicle

Is it a good idea to get a zero deposit car finance deal?

No deposit car finance can be a good idea depending on your personal circumstances. If you don’t have any savings for a deposit, it’s a quick a sensible way to help finance your next car.

However, if you are able to put down a deposit that will likely reduce your monthly repayments & overall cost of finance. Having a deposit may make getting finance more likely, as it may improve your affordability position and more lenders may be comfortable with the risk of the deal.

Woman looking at phone

Compare no deposit car finance with MoneySuperMarket and our partner Motiv

Find the right car finance option for you and see which rates you’ll be guaranteed to get

  • Make your choice

    Decide which car finance option is right for you, from PCP or HP to taking out a personal car loan

  • It doesn't take long

    Just tell us a little about you, your finances and what you’re looking for

  • Compare car finance

    You’ll be able to sort car finance options by overall cost and the likelihood you’ll be accepted

You may still be able to get a finance deal with no deposit even if you have bad credit. The lender will still need to be comfortable you can afford to repay the loan and that the vehicle fits within its lending criteria.

If you take out a hire purchase agreement, you won’t have any mileage restrictions. Whilst if you take out a PCP agreement, there will be mileage restrictions. You will be able to set these with your lender and if you go over these there will be an excess mileage charge.

Yes it is. In fact, it is much more likely you’ll be able to get no deposit car finance for a used car, rather than a new car.

This will depend on the type of agreement you take out. HP or PCP.

If you miss a payment getting in touch with your lender is usually the best next step. You can then discuss your personal circumstances and what options there are with the lender.

You work hard to earn your money, and we don’t think you should waste a penny of it paying over the odds on your household bills. That’s why at MoneySuperMarket, we’re on a mission to save Britain money.

  • Whip your credit score into shape with Credit Monitor

  • Super save over and over again with Energy Monitor

  • There are always more ways to save with MoneySuperMarket 

So how do we make our money? In a nutshell, when you use us to buy something, we get a reward from the company you’re buying from.

You might be wondering if we work with all the companies in the market, or if our commercial relationships with our partners might make us feature one company above another. We’ve got nothing to hide, and we want to give you clear answers when it comes to questions like these, so we’ve pulled together everything you need to know on this page.

Looking for other forms of banking and lending?