No Deposit Car Finance: Drive Away with £0 Down
Are you looking for no-deposit car finance? You’ve come to the right place. At Refused Car Finance, we believe that not having a lump sum of cash shouldn’t stop you from getting on the road.
As a specialist car finance broker, we work with a wide range of lenders who offer £0 deposit options. Our goal is to help you find a competitive deal that fits your monthly budget, even if you’ve been turned down elsewhere.
How To Get Started:
Our process is designed to be straightforward, whether you have a perfect credit score or you’re looking for bad credit car finance with no deposit.
1. Make a No Credit Impact Application.
When you apply for finance with us, your credit score won’t be affected and once we’ve collected a few details from you, we’ll send your application to the best lenders for your circumstances.
2. Find a No Deposit Lender.
If you’re approved by one or more of our lenders, we will help you select the cheapest car finance deal with no deposit to pay! Once you’re happy, our online finance portal makes it easy to sign the documents and upload your proofs.
3. Choose a Car Within Your Budget.
You can choose any car within your financial budget from any FCA-approved car dealer across the UK. Our team will liaise with the dealer on your behalf so you can drive away in your new car!
Check Your Eligibility (No Credit Impact)
Complete our simple online form. We use a soft credit search initially, which means applying won’t affect your credit score. We’ll then match your application with the lenders most likely to offer you a deal.
Compare Your Offers
If you are approved by our lenders, we’ll help you compare the available options to find a plan that works for you. Once you’re happy, you can easily sign documents and upload proofs through our secure online portal.
Choose Your Car
Pick any car from any FCA-approved dealer in the UK. Our team can even talk to the dealer for you to make the process as smooth as possible.
What is Zero Deposit Car Finance?
Essentially, it is a car loan where you don’t have to pay anything up front. While a traditional deposit reduces the total loan amount, zero deposit car finance allows you to spread the full cost of the vehicle across your monthly repayments.
While some specific finance packages may require a down payment based on lender criteria, we strive to provide no-deposit options to as many customers as possible.
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“My experience with refused car finance was very pleasant. My advisor Sean found a car that I liked within a few hours. Quick and easy service . I was worried as I had no deposit to give and my credit is not the best. But, I still got approved for a car and no deposit needed. Thanks looking forward to enjoying my new car 🚘”
– Shanice from Nuneaton
Do I Need a Deposit to Get Car Finance?
The short answer is: not necessarily. We work with a large panel of lenders specifically to ensure we can offer plenty of £0 deposit car finance choices. You are always welcome to put money down if you want to lower your monthly payments, but with our lenders, it is often not a requirement.
Benefits of Choosing a No Deposit Deal
- Keep Your Savings: You don’t need to wait months to save up a large lump sum before getting a car.
- Manage Your Cash Flow: Use your existing savings for other essentials like insurance, road tax, or fuel.
- Flexible Terms: Most customers choose a repayment period between 3 and 5 years to keep monthly costs affordable.
- Options for Everyone: We specialise in helping people with bad credit or no credit history find no-deposit solutions.
Do You Qualify?
To give yourself the best chance of approval, please check that you meet the following basic criteria:
- You have lived in the UK for at least 3 years.
- You are aged 18 or over.
- You have a full UK driving licence.
- You can provide proof of income/affordability.
- You are not currently in an active bankruptcy.
Please note: Car finance is subject to status and is never guaranteed. However, if you meet the criteria above, we will work hard to find a lender prepared to offer you a deal.
Can I get no-deposit finance with a CCJ?
Having a County Court Judgment (CCJ) can make things more difficult, but it doesn’t always mean a “no.” We have helped many customers with CCJs secure finance. For the best chance of approval and access to more lenders, it is often helpful if the CCJ is at least 12 months old, but we encourage you to apply so we can assess your specific situation.
Why Choose Refused Car Finance?
- Shop Anywhere: Buy from any reputable FCA-authorised dealer.
- Soft Search First: Check your eligibility without harming your credit score.
- Fixed Rates: Know exactly what you’re paying each month with fixed interest rates.
- Supportive Team: We consider applications involving bad credit or income from benefits.
- Convenience: Potential to delay your first payment for up to 6 weeks (subject to the lender).
Ready to find your next car? Applying only takes a few minutes and won’t affect your credit score. Once submitted, one of our experts will be in touch to discuss your options.