Can you get a car with 0% deposit?
No deposit car finance means the full cost of the car is financed and you won’t have paid that initial chunk with your deposit. So, you’ll spread the total cost of the car (plus any fees and interest) across your monthly payments. It’s the same process as applying for finance with a deposit. If you’ve got bad credit and are concerned about getting a car, you might have options. We work with specialised lenders who could help you secure a deal, even if you don’t have the ideal credit score for car finance. You could potentially still finance a car with a 500 credit score, or even 300.With car finance, you can borrow money from a bank, car finance lender or online lender and pay the money back over time, usually in monthly installments.
Can I get a car with zero deposit?
Zero deposit car finance is a type of agreement where you don’t need to pay any money upfront to secure a vehicle. Instead, the total cost of the car, plus any interest, is divided into monthly payments over the term of the finance agreement. With a car lease you make an initial payment (like a deposit, but you do not get it back), and then fixed monthly payments in return for a brand new vehicle. As you’re not buying the vehicle, payments are often lower than if you intend to purchase.