Best Zero Deposit And Low Deposit Car Finance Deals 2024

Find the best zero deposit deals

Best Zero Deposit And Low Deposit Car Finance Deals April 2024

  • New car Zero Deposit Car Finance Deals
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Zero deposit and low deposit car finance deals help make buying a car more accessible.

Instead of having to put down many thousands of pounds as deposit, new car buyers can sign up for a new car with either no payment at all, or a low and affordable up-front sum. 

What’s more, if you have an older car that’s worth less than a more modern motor, a zero deposit or low deposit car finance deal means you can still use the trade-in of your old car to take on a new deal, without having to fork out any extra.

The best zero deposit and low finance car deals are also tailored to ensure monthly payments remain affordable. For those on a budget, they are great all-round deals.

What makes a good zero deposit or low deposit car finance deal?

Some zero deposit or low deposit car finance deals see the car manufacturer add a so-called ‘deposit contribution’, instead of the car buyer having to fork out.

This incentive helps lower the amount of money being financed, which keeps monthly payments low.

Other zero deposit and low deposit car finance offers are PCP car deals that are tailored to take advantage of a car’s low rate of depreciation. Monthly payments can remain affordable even without a deposit, because the car will still be worth a good amount of money at the end of the deal – lowering the amount you're financing

Expertise is required to create a good zero deposit or low deposit car finance deal. Don’t simply jump in and sign up, because you could pay for any up-front savings further down the line, particularly in terms of steep monthly payments.

To help you, we are picking out the most competitive deals that are worth investigating. Check out the best zero deposit and low deposit car finance deals here and see how much you can save!  

Best zero deposit and low deposit car finance deals in April 2024

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    01

    Kia Picanto for £293 a month with zero deposit

    The Kia Picanto is a city-friendly small car with a surprising amount of space inside. The well-equipped 1.0 '2' model is currently available for zero deposit, aided by a £1000 Kia deposit contribution. Monthly payments of under £300 will be manageable for many. 

    • Deposit: £0 (+ £1000 Kia deposit contribution)
    • Monthly payments: 36 x £293.51 (£10,556.36)
    • Optional final payment: £5830.50
    • Total payable: £17,396.86
    • Mileage per year: 10,000
    • APR representative: 7.9%
    • Deal ends: 1 July 2024

    >> Click here to get this great deal

    >> Find a used Kia Picanto for sale

    Kia Picanto Review 2023 front right exterior
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    02

    Citroen C4 for £361 a month with £339 deposit

    The Citroen C4 is a practical family hatch that offers more space than small cars such as Citroen C3. It's particularly appealing in C4 You! trim, which costs just £19,575 including a £355 saving. Only available online, it offered with a PCP deal for a low £339 deposit and £361 a month payments. 

    • Deposit: £339
    • Monthly payments: 47 x £361.52 (£16,991.44)
    • Optional final payment: £8900
    • Total payable: £26,230.44
    • Mileage per year: 6000
    • APR representative: 11.9%
    • Deal ends: 22 April 2024

    >> Click here to get this great deal

    >> Find a used Citroen C4 for sale

    Citroen C4 exterior front
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    03

    Fiat 500e for £299 a month with £999 deposit

    The Fiat 500e is a retro recreation reborn as an electric car. With the 42kWh, it has a range of almost 200 miles – and Fiat is making it even more appealing with a £3375 deposit contribution AND a £3000 Fiat e-Grant. This means customers need to put down just £999, to unlock 0% APR finance over four years on the well-equipped Icon model.

    • Deposit: £999 (+ £3375 Fiat deposit contribution + £3000 Fiat e-Grant)
    • Monthly payments: 47 x £299 (£14,053)
    • Optional final payment: £9771
    • Total payable: £31,195
    • Mileage per year: 6000
    • APR representative: 0%
    • Deal ends: 30 June 2024

    >> Click here to get this great deal

    >> Find a used Fiat 500 for sale

    Fiat 500 Electric Review 2023: on the road
  • Do you have a car to trade in? Get a free car valuation...

    If you're looking to trade in your existing car, you'll want to know what it's worth. Our pricing experts take into account the prices of thousands of car sales every day to ensure that you get the most accurate valuation. 

    How do I qualify for zero deposit and low deposit car finance deal?

    As with all car finance deals, finding the right deal for you, with monthly payments you can afford, is not quite the full picture. You still need to be approved, which is where your credit rating comes into the mix. Your car deal will do this for you and run through the finer details when your credit application is approved.

    Can I get 0% APR on a zero deposit and low deposit car finance deal?

    It’s becoming surprisingly common to find zero deposit and low deposit car finance deals combined with 0% APR. This is an added bonus, as it means you won’t pay any extra in interest over the terms of the deal.

    Why are deposit contributions important on a zero deposit or low deposit car finance deal?

    A deposit contribution is a sum of money the car manufacturer puts towards your deposit. This is effectively money off the car, but by putting the cash towards a deposit, it means the customer doesn’t have to fork out up front – and it also means the monthly payments are lower, as you’re borrowing less money on finance. It’s always worth looking for deposit contributions if you want to keep your personal deposit as low as possible.

    Zero Deposit Car Finance Deal FAQs

    Phil Hall

    Written by

    Phil Hall

    By offering a zero deposit or low deposit car finance deal, manufacturers can make a new car accessible for those who don't have much to put down, or don't have a car to trade in.

    You can, but you'll have to look a bit harder for these deals. They sometimes don't hang around for long, either. It is often worth checking out large dealer groups for the latest zero deposit or low deposit car finance deals. 

    A zero deposit car finance deal is a good way to get into a new car without putting much down. Increasingly, car makers are adding in their own contributions, so you still get a decent amount put down, which lowers the amount you have to borrow on finance. Often, 0% finance further sweetens the deal.