You don’t always need a deposit to get a car on finance. We work with lenders who’ll get you on the road, without needing to pay anything upfront.
Zuto is a credit broker, not a lender. Our rates start from 8.9%. The rate you are offered will depend on your individual circumstances. Representative Example: Borrowing £8,000 over 60 months with a representative APR of 19% the amount payable would be £201 a month, with a total cost of credit of £4,064 and a total amount payable of £12,064.
Looking to get a car on finance with no deposit? At Zuto, we make it simple to drive away without needing a large upfront payment. Our no deposit car finance options mean you can spread the cost of your car into affordable monthly repayments – and don’t worry, there are options available even if your credit history isn’t perfect.
With no deposit car finance, you don’t need to pay anything upfront when buying your car. Normally, a car finance deal might ask for a deposit (often 10% of the car’s value) to reduce the lender’s risk and lower your monthly repayments. Instead, a no deposit deal allows you to:
Because you’re financing the entire value of the vehicle, your monthly payments may be higher compared to deals with a deposit. However, for many people – especially if you need a car quickly or don’t have savings available – it’s a really practical option.
Step 1: Check Your Eligibility
Fill in a quick online form with a few personal details. Zuto will run a soft credit check (so it won’t affect your credit score) to see what no-deposit options you might qualify for.
Step 2: Get a Personal Quote
If you’re eligible, you’ll be offered tailored finance options from Zuto’s panel of lenders – including PCP and HP plans with no deposit options.
Step 3: Choose Your Car
You can either find a car yourself or browse vehicles through Zuto’s trusted dealer network, knowing which cars fit your budget.
Step 4: Secure Your Finance
Once you’ve chosen a car, Zuto will handle the paperwork with the dealer and lender, making sure the finance agreement is set up smoothly.
Step 5: Drive Away
Pick up your new car without paying an upfront deposit – your agreed monthly repayments will begin on your scheduled date.
The amount you can borrow depends on your individual circumstances, such as credit history, income, and affordability checks. Zuto works with a panel of lenders to match you with the right no-deposit deal, so the borrowing limit will vary from person to person.
Eligibility is based on your credit profile and affordability. While it may be easier if you have a good credit score, Zuto can often help people with fair or even poor credit find options, as long as you can demonstrate you can keep up with repayments.
Typical repayment terms range from 24 to 60 months (2–5 years), depending on the lender and the type of agreement (PCP or HP). Longer terms usually mean smaller monthly payments but a higher overall cost.
Most used cars from Zuto’s trusted dealer network can be financed with no deposit, subject to lender approval. You can search by budget, car type, or monthly affordability to find something that suits you.
Yes, in most cases, you can settle your finance agreement early. Some lenders may charge an early settlement fee, but this can sometimes save money on interest.
If you choose Hire Purchase (HP), the car is yours once the final payment is made. With PCP, you’ll need to make the optional final balloon payment to keep the car – otherwise, you can hand it back or part-exchange it.
No, applying with no deposit usually doesn’t delay the process. Once you’re approved and have chosen a car, the finance agreement can often be set up within a few days.
Yes, because you’re borrowing the full cost of the car, monthly payments and total interest are usually higher than if you paid a deposit upfront.
It’s possible. Zuto works with lenders who consider a wide range of credit profiles, but your options may be more limited and the interest rate can be higher if your credit score is low.
Want to understand if you need to pay anything upfront to the dealer when buying your new car? Find out more in our guide.
Looking for a car finance deal but want to know if a deposit is required? Our guide explains all.
A guide to find out more about how car finance works and what types of finance are available.
