What is No Deposit Car Finance?
While it’s true that most car finance deals ask for some kind of deposit in the form of cash or a part exchange, it’s perfectly possible to get a new car with zero deposit.
For some, a cash deposit might be hard to come by, and they might not have an outgoing car to exchange.
In such situations, we can offer no deposit car finance, where neither cash or a part exchange are required, and you can still get a car on credit.
At Stoneacre, we work with flexible lenders who can help our customers get into a new car with a no deposit finance deal - you can start this journey by doing a free eligibility check right here on our website.
Representative Example
This represents an average of the deals that our customers receive on other vehicles
We are a credit broker and a lender. We can introduce you to a limited number of lenders and their finance products. We will provide details of products available, but no advice or recommendation will be made. You must decide whether the finance product is right for you. We do not charge you a fee for our services. Lenders will pay commission to us (either a fixed fee or a fixed percentage of the amount you borrow) for introducing you to them, this may be calculated in reference to a variable factor such as (but not limited to) the vehicle age, your credit score and the amount you are borrowing. Different lenders may pay different commissions for such introductions. Offers available to everyone over the age of 18, subject to credit approval.
How no deposit car finance works
Car finance with no deposit is a simple affair in the grand scheme of things, and works pretty much just like any other finance package.
Whether you’re interested in either a Hire Purchase (HP) or a Personal Contract Purchase (PCP) deal, we’ll be able to facilitate a zero deposit car finance arrangement.
It’s the same story with New and Used cars - we can offer no deposit car finance deals whether the car you’re interested in is brand new or pre-owned.
So if you’re looking for car finance with no deposit, you can rest assured that we offer such flexibility - not only that but, while you won’t be putting a deposit down, the rest of the finance deal will work the same as any other HP or PCP arrangement.
Benefits & what to consider for no deposit car finance
As with many car finance types, no deposit car finance will come with its own benefits, as well as a couple of things you might want to think about before moving to make a purchase.
No deposit car finance with bad credit
It might be that you’re looking for a car finance with no deposit, but you also have bad credit.
Again, this is a situation where our flexible panel of lenders can enter the fray to help you out, as we work with such parties that can facilitate a finance package of this kind.
As with any bad credit finance deal, you’ll likely pay a higher APR and so pay more interest, and the total amount you’re able to lend could be smaller - but, it’s certainly possible to get accepted on a no deposit arrangement if you have poor credit.
If you’re interested to see if you’d get accepted for a no deposit deal, you can check your eligibility today - it’s free, and won’t hurt your credit rating regardless of the outcome.
Cars on finance with no deposit
Search our online stock for cars for sale on finance with no deposit
