What is no deposit car finance?

Buying a car can be expensive. A decent new vehicle will usually start upwards of £10,000 and even used ones are not cheap. Pulling the money together for a deposit can also be hard. A no deposit car finance scheme means that you can buy a car without needing the cash up-front. You then pay the lender back over a period of years.

Will I be able to get a no deposit car finance deal?

We like to give no deposit car deals to as many people as possible. Since we specialise in deals for the self-employed and those with a poor credit score, we are well-accustomed to helping people secure the credit they need even if they have a more complicated case.

How does no deposit impact monthly payments typically?

You might think that a no deposit scheme is going to have higher monthly payments but you will actually find them quite affordable. They can easily be fit into your monthly budget like any car payment would.

How long do I get to pay the loan back?

The length of time you will take to pay your loan back is entirely up to you. When we get in touch to discuss how much you can borrow, we will also discuss your repayment plan. You could choose as little as a year or as long as five years. Whatever you choose, this will obviously affect how much your monthly payment is going to be.

Which cars are available with no deposit?

We have a selection of trusted traders on our website and you are welcome to browse through the cars they are advertising through us. If none of those are what you are looking for, you can go to any reputable dealer in the UK. Whether you are buying new or second-hand, you will find plenty of options to choose from.

How do I apply for no deposit car finance?

Applying for no deposit car finance could not be easier. All you need to do is fill out a quick application on our website and let us know how much you want to borrow and how long you want the repayment period to be. It is that easy!

Why use Car Finance Giant for deposit car finance?

We have worked hard to make sure that we are able to bring you the best and most affordable prices no matter your circumstances. We specialise in working with people who have difficult cases and we use the latest technological innovations to make sure that we are always on top.

Can I get a no deposit deal if I’m under 18?

No, due to the fact that no deposit car deals are a loan. Since you have to be 18 to take out a loan, you have to be 18 to take advantage of no deposit car finance.

If I go for a no deposit deal can I still pay off the loan early?

Yes, if you manage to get the funds together to pay off your loan early, you will be able to! All you need to do is give our customer service team a phone call and they will be able to arrange it as you need.

What if I've been refused a no deposit deal elsewhere?

If you have been refused a no deposit deal by another company, it is probably because they have not had the capabilities to help you. Arranging cheap car finance for people with poor credit or who are self-employed can be tricky and not every lender is equipped to deal with it. We, however, do know how to put together the perfect zero deposit deal and we may be able to help you even if somewhere else rejected you.

Can I keep the car once the finance is paid off?

Yes! Once you have paid the finance off, the car is yours to keep! You can either sell it on and start looking for a new model or you can keep it for as long as you like.

Can I part-exchange my current vehicle?

Our schemes do not require a deposit but you may be able to reduce the amount you borrow through a part-exchange scheme. This is when you trade in your current vehicle and use the money towards the new vehicle. Speak to us today if you want to take advantage of a part-exchange on top of a no deposit scheme and we will be able to direct you towards a car dealer who can help.

Will the application affect my credit score?

Many people don’t like to throw out multiple loan applications as they can damage your credit score. However, when you apply for our no deposit car deals, your credit score will not be affected. We understand that a poor credit score can be difficult to manage and we know how to get you cheap car finance without the impact.

Is car insurance included with no deposit deals?

No, you will have to buy insurance and road tax separately. You may also have to pay for an annual MOT if the car you buy is over three years old.

Does a no deposit deal mean a longer decision process?

No, we can come back to you in as little as two hours if you really need an answer! If you need to secure the finance for a car speedily, we can help! Even if you have a more complicated case, we aim to get back to everyone within 24 hours of application. It will not be a very long wait at all for you to find out whether or not you have the perfect no deposit car finance deal.

Hopefully, this FAQ will have helped you to work out any problems you might have had. If you still have any queries, feel free to contact us today to ask!


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Our best deal yet! Rates from 2.9% flat

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Your monthly payment is...


(Based on your credit rating)

Best available rate (flat) 2.9 %
Total repayment £ 8,015.00
Total cost of credit £ 1,015.00

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Best available rate 2.9

Total repayment 8,015.00

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How it Works

Once Approved No impact on your credit score

You'll have own personal advisor on hand from start to finish. They'll give you the amount you can borrow and discuss the documents we need from you.

Choose a car Buy from any reputable dealer

If you need help finding the right car, you can browse over 250,000 cars on our car search, all sold by trusted dealers. But remember, you're to choose your car from car from any reputable dealer if you wish.

We do all the checks On Dealer & Vehicle

Once you've found the car,We'll carry out checks on the dealer and vehicle to make sure you can buy with confidence.

Sign & collect Drive away happy!

If you're happy with vehicle and have signed the agreement, we'll pay the dealer directly. All you then need to do is pick up the car.


Top FAQs answered

Will I have to wait long to
pick up my new car?

No. Once your finance is in place, you just need to sort out the collection of your car from your chosen dealer. Because our process is fast, once you have... read more

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