Are you looking for no-deposit car finance? You’ve come to the right place. Our used car finance packages are all available with £0 deposit, so don’t let not having a lump sum put you off.
What is no deposit car finance?
It is essentially car finance without a down payment. If you don’t have a lump sum to put down, or don’t want to, then a 0 deposit car finance package is the way forward.
Do I need a deposit to get car finance?
One of the most common car finance questions we get asked is ‘do I need a deposit?’. Refused Car Finance work with a large panel of lenders to make sure that we can offer you plenty of 0-deposit car finance options and the best car finance deals. Of course, you’re always welcome to put a deposit down if you want to, but the fantastic part is it is not required.
We work with some of the UK’s best no deposit lenders
As a car finance broker we match you to the most suitable lender from our panel. The process is super fast so you can have a no deposit approval within minutes. Below is a selection of some of the UK finance lenders we have on our panel.
How much will you pay on a no deposit car finance plan
Below is an example of how much a car finance plan with zero deposit would cost you. In the example, we use a car with a cash price of £4,500. We have used our representative example for the APR, this means that more than 51% of our customers got this rate or better.
Vehicle cash price £4,500.00. Deposit £0.00
Amount of credit – £4,500.00, Rate of interest – 8.61% per annum, Amount of interest – £1,548.90, Documentation Fee – £50, Option to Purchase Fee – £50.00, Total charge for credit – £1,648.90, First repayment – £176.02, Followed by 46 Monthly repayments of – £126.02, Final repayment – £176.02, Total amount payable – £6.148.90, Representative APR – 17.55%
Selection of cars with no money down
You can buy a car from any FCA approved dealership in the UK. Below is a small selection of cars available from some of our trusted dealerships that are available with no money down.
No Deposit & Bad Credit Finance Example
| Cash price: | £10,999 |
| Deposit: | £0 |
| Amount of credit: | £10,999 |
| Rate of interest: | 20% per annum |
| Amount of interest: | £8,799.20 |
| Lender Documentation fee: | £50.00 |
| Lenders option to purchase fee: | £50.00 |
| Total charge for credit: | £8,899.20 |
| First repayment: | £462.46 |
| Followed by 46 Monthly repayments of: | £412.46 |
| Final repayment: | £462.46 |
| Total amount payable: | £19,898.20 |
| Representative APR: | 38.3% |
No Deposit & Poor Credit Finance Example
| Cash price: | £10,999 |
| Deposit: | £0 |
| Amount of credit: | £10,999 |
| Rate of interest: | 14.5% per annum |
| Amount of interest: | £6,379.42 |
| Lender Documentation fee: | £50.00 |
| Lenders option to purchase fee: | £50.00 |
| Total charge for credit: | £6,479.42 |
| First repayment: | £412.05 |
| Followed by 46 Monthly repayments of: | £362.05 |
| Final repayment: | £412.05 |
| Total amount payable: | £17,478.42 |
| Representative APR: | 28.0% |
No Deposit & Fair Credit Finance Example
| Cash price: | £10,999 |
| Deposit: | £0 |
| Amount of credit: | £10,999 |
| Rate of interest: | 10.5% per annum |
| Amount of interest: | £4,619.58 |
| Lender Documentation fee: | £50.00 |
| Lenders option to purchase fee: | £50.00 |
| Total charge for credit: | £4,719.58 |
| First repayment: | £375.39 |
| Followed by 46 Monthly repayments of: | £325.39 |
| Final repayment: | £375.39 |
| Total amount payable: | £15,718.58 |
| Representative APR: | 20.5% |
No Deposit & Good Credit Finance Example
| Cash price: | £10,999 |
| Deposit: | £0 |
| Amount of credit: | £10,999 |
| Rate of interest: | 6.5% per annum |
| Amount of interest: | £2,859.74 |
| Lender Documentation fee: | £50.00 |
| Lenders option to purchase fee: | £50.00 |
| Total charge for credit: | £2,959.74 |
| First repayment: | £338.72 |
| Followed by 46 Monthly repayments of: | £288.72 |
| Final repayment: | £338.72 |
| Total amount payable: | £13,958.74 |
| Representative APR: | 12.9% |
No Deposit & Excellent Credit Example
| Cash price: | £10,999 |
| Deposit: | £0 |
| Amount of credit: | £10,999 |
| Rate of interest: | 3.5% per annum |
| Amount of interest: | £1,539.86 |
| Lender Documentation fee: | £50.00 |
| Lenders option to purchase fee: | £50.00 |
| Total charge for credit: | £1,639.86 |
| First repayment: | £311.23 |
| Followed by 46 Monthly repayments of: | £261.23 |
| Final repayment: | £311.23 |
| Total amount payable: | £12,638.86 |
| Representative APR: | 7.2% |
No Deposit & Bad Credit Finance Example
| Cash price: | £11,999 |
| Deposit: | £0 |
| Amount of credit: | £11,999 |
| Rate of interest: | 20% per annum |
| Amount of interest: | £9,599.20 |
| Lender Documentation fee: | £50.00 |
| Lenders option to purchase fee: | £50.00 |
| Total charge for credit: | £9,699.20 |
| First repayment: | £499.96 |
| Followed by 46 Monthly repayments of: | £449.96 |
| Final repayment: | £499.96 |
| Total amount payable: | £21,698.20 |
| Representative APR: | 38.3% |
No Deposit & Poor Credit Finance Example
| Cash price: | £11,999 |
| Deposit: | £0 |
| Amount of credit: | £11,999 |
| Rate of interest: | 14.5% per annum |
| Amount of interest: | £6,959.42 |
| Lender Documentation fee: | £50.00 |
| Lenders option to purchase fee: | £50.00 |
| Total charge for credit: | £7,059.42 |
| First repayment: | £444.97 |
| Followed by 46 Monthly repayments of: | £394.97 |
| Final repayment: | £444.97 |
| Total amount payable: | £19,058.42 |
| Representative APR: | 28.0% |
No Deposit & Fair Credit Finance Example
| Cash price: | £11,999 |
| Deposit: | £0 |
| Amount of credit: | £11,999 |
| Rate of interest: | 10.5% per annum |
| Amount of interest: | £5,039.58 |
| Lender Documentation fee: | £50.00 |
| Lenders option to purchase fee: | £50.00 |
| Total charge for credit: | £5,139.58 |
| First repayment: | £404.97 |
| Followed by 46 Monthly repayments of: | £354.97 |
| Final repayment: | £404.97 |
| Total amount payable: | £17,138.58 |
| Representative APR: | 20.4% |
No Deposit & Good Credit Finance Example
| Cash price: | £11,999 |
| Deposit: | £0 |
| Amount of credit: | £11,999 |
| Rate of interest: | 6.5% per annum |
| Amount of interest: | £3,119.74 |
| Lender Documentation fee: | £50.00 |
| Lenders option to purchase fee: | £50.00 |
| Total charge for credit: | £3,219.74 |
| First repayment: | £364.97 |
| Followed by 46 Monthly repayments of: | £314.97 |
| Final repayment: | £364.97 |
| Total amount payable: | £15,218.74 |
| Representative APR: | 12.9% |
No Deposit & Excellent Credit Example
| Cash price: | £11,999 |
| Deposit: | £0 |
| Amount of credit: | £11,999 |
| Rate of interest: | 3.5% per annum |
| Amount of interest: | £1,679.86 |
| Lender Documentation fee: | £50.00 |
| Lenders option to purchase fee: | £50.00 |
| Total charge for credit: | £1,779.86 |
| First repayment: | £334.98 |
| Followed by 46 Monthly repayments of: | £284.98 |
| Final repayment: | £334.98 |
| Total amount payable: | £13,778.86 |
| Representative APR: | 7.2% |
No Deposit & Bad Credit Finance Example
| Cash price: | £6,999 |
| Deposit: | £0 |
| Amount of credit: | £6,999 |
| Rate of interest: | 20% per annum |
| Amount of interest: | £5,599.20 |
| Lender Documentation fee: | £50.00 |
| Lenders option to purchase fee: | £50.00 |
| Total charge for credit: | £5,699.20 |
| First repayment: | £312.46 |
| Followed by 46 Monthly repayments of: | £262.46 |
| Final repayment: | £312.46 |
| Total amount payable: | £12,698.20 |
| Representative APR: | 38.6% |
No Deposit & Poor Credit Finance Example
| Cash price: | £6,999 |
| Deposit: | £0 |
| Amount of credit: | £6,999 |
| Rate of interest: | 14.5% per annum |
| Amount of interest: | £4,059.42 |
| Lender Documentation fee: | £50.00 |
| Lenders option to purchase fee: | £50.00 |
| Total charge for credit: | £4,159.42 |
| First repayment: | £280.38 |
| Followed by 46 Monthly repayments of: | £230.38 |
| Final repayment: | £280.38 |
| Total amount payable: | £11,158.42 |
| Representative APR: | 28.3% |
No Deposit & Fair Credit Finance Example
| Cash price: | £6,999 |
| Deposit: | £0 |
| Amount of credit: | £6,999 |
| Rate of interest: | 10.5% per annum |
| Amount of interest: | £2,939.58 |
| Lender Documentation fee: | £50.00 |
| Lenders option to purchase fee: | £50.00 |
| Total charge for credit: | £3,039.58 |
| First repayment: | £257.05 |
| Followed by 46 Monthly repayments of: | £207.05 |
| Final repayment: | £257.05 |
| Total amount payable: | £10,038.58 |
| Representative APR: | 20.7% |
No Deposit & Good Credit Finance Example
| Cash price: | £6,999 |
| Deposit: | £0 |
| Amount of credit: | £6,999 |
| Rate of interest: | 6.5% per annum |
| Amount of interest: | £1,819.74 |
| Lender Documentation fee: | £50.00 |
| Lenders option to purchase fee: | £50.00 |
| Total charge for credit: | £1,919.74 |
| First repayment: | £233.72 |
| Followed by 46 Monthly repayments of: | £183.72 |
| Final repayment: | £233.72 |
| Total amount payable: | £8,918.74 |
| Representative APR: | 13.2% |
No Deposit & Excellent Credit Example
| Cash price: | £6,999 |
| Deposit: | £0 |
| Amount of credit: | £6,999 |
| Rate of interest: | 3.5% per annum |
| Amount of interest: | £979.86 |
| Lender Documentation fee: | £50.00 |
| Lenders option to purchase fee: | £50.00 |
| Total charge for credit: | £1,079.86 |
| First repayment: | £216.23 |
| Followed by 46 Monthly repayments of: | £166.23 |
| Final repayment: | £216.23 |
| Total amount payable: | £8,078.86 |
| Representative APR: | 7.5% |
View more cars from some of our trusted dealerships. All of these cars are available with no deposit.
Please remember these cars are just a small selection of what is available, all of our finance plans can be used at a massive range of trusted car dealerships across the UK.
Do you qualify for car finance with no deposit?
If you can answer yes to the following then we can get you car finance without a deposit!
✅ Lived in the UK for 3+ years
✅ Are 18 or older
✅ Can prove you can afford the finance
✅ Are free from bankruptcy
✅ Hold a full UK driving licence
A lot of people worry that having bad credit or no credit history at all will prevent them from qualifying for a no deposit car deal. We work with a wide panel of specialise lenders and have a lot of bad credit no deposit car finance options for you to choose from. So don’t worry, we really are here to help.
What are the benefits of choosing to get car finance without a deposit?
The most obvious benefit is you don’t have to put down a big lump sum. Not many of us have a lot of money sitting in the bank ready to use as a down payment. Our finance packages allow you to spread the cost of credit out over a time period that works for you and not put down a lump sum at the start. Typically customers choose a 3 – 5 year repayment period which allows an affordable monthly payment that they feel comfortable with.
By not putting down a deposit at the start it can also free up money for car insurance, fuel, and any accessories you may want to buy for your new car. As most of our lenders who approve you will do so on a no-deposit plan as that is what the majority of customers look for. That said, our team can quote you the same finance package with a deposit so you can choose the car finance that you’re happiest with.
⭐️⭐️⭐️⭐️⭐️
“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
With Refused Car Finance, you can benefit from:
🚘 Buying your car from any dealer
✍ Getting the best car finance deal possible
✅ Fixed Interest Rates
🗓 Delay your first payment for up to 6 weeks
I have a CCJ, can I still get car finance without a deposit?
To be in with the best chance of being approved for no down payment car finance with a CCJ, you should wait about 12 months after receiving a CCJ to rebuild your credit file and improve your score. However, that’s not to say you can’t get car finance with one, in fact, we have helped many people who do. But to have the full range of our lending panel, a wait of at least 12 months is recommended. Find out more about getting car finance with a CCJ.
What cars are available if I choose a no deposit finance plan?
One of the benefits of a car finance broker is you can use the finance at a huge range of FCA Approved Dealerships across the whole UK. That means once we have your no deposit finance package in place you can find your car from a trustworthy dealership of your choice. Whether it’s a Range Rover, Ford, or Audi that you have your eye on, we can get you into the driving seat.
Where can you use your no deposit deal?
Once we’ve gotten you approved for zero deposit car finance you are free to buy your car from any reputable FCA-approved dealership. That’s the fantastic thing about getting 0 deposit car finance through Refused Car Finance, we’re not a dealership therefore we aren’t going to limit your car choices.
Already found your ideal car? Fantastic, as long as it’s approved by the FCA our team can run quality checks and ensure that they are a safe pair of hands, all being good you’ll be able to get that exact car. In the unlikely event that the dealership has a bad reputation, we can use our contacts with reputable dealerships and car buying teams to source the car you want.
No deposit car finance with bad credit
If you are wondering if you are still eligible for a no-deposit car finance agreement if you have bad credit, then we are delighted to tell you you are. When it comes to buying a car with no money down and bad credit, we couldn’t have made it more simple. We have compiled a specialist lending panel designed to help those with poor credit get approved for finance. All of these providers offer no deposit as standard.
Apply Today
Applying does not harm your credit score as we perform a soft search only.