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!  

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.