0 deposit car finance deals: November 2024
Want a great car for an affordable monthly payment - but without having to put down a hefty deposit? Check out these top no-deposit deals
.jpg?width=759&format=webp)
Using car finance to get behind the wheel of a new or used car has never been more popular. But even with smaller monthly payments, many finance deals require a hefty deposit to be paid first. If you're keen to reduce those monthly costs further, often the best way of doing this is by paying thousands up front.
So you might think choosing to skip the deposit completely will mean you miss out on deals with the lowest monthly payments. However, it is still possible to bag yourself a good value purchase providing you pick the right deal.
One quick way to cut the cost of car finance is to go for a used car, rather than a brand new model. If you're looking for a low deposit and cheap monthly payments, there are plenty of options available with BuyaCar.
Once you've found the car you like in the search results, simply click or tap it and then scroll down to the budget calculator and change the deposit amount to £0. The new monthly payment figure will automatically be calculated, so you can see how changing the deposit amount affects the monthly payment.
Below are a selection of great used cars representing some of the most popular categories of car that were already very cheap with a deposit and are still affordable without. You can also check out the possibility of car leasing with our BuyaCar lease deals.
Hyundai
Deposit contributions include the Hyundai i10 and Hyundai Kona (£500), Hyundai Ioniq 6, Hyundai i20 (£1,750), Hyundai Bayon and Hyundai Ioniq 5 (£2,000). The Hyundai Ioniq 5, Hyundai Ioniq 6, Hyundai Kona Hybrid and EV, and Hyundai Tucson are 0% APR and all offers require zero deposit. Find out more on these deals
Kia.jpg?rmode=max&width=250)
Kia is offering zero deposit PCP on all models, plus deposit contributions including the Kia Picanto and Kia Sorento (£500), Kia Niro and Kia Sportage (£500-£1,500), Kia Stonic (£1,250) and Kia Ceed range (£1,250-£2,000). There's also £1,500 towards the Kia Niro EV and £1,500-£2,000 towards the Kia EV6, and all EVs get a year of Kia Charge Plus discounted charging included. Find out more on these deals
Mercedes-Benz
Mercedes PCP discounts include certain Mercedes A-Class models (£1,500-£4,750), Mercedes CLA models (£1,000-£3,250), the Mercedes GLA (£2,000), Mercedes GLB (£1,000), Mercedes GLC (£4,500) and Mercedes GLE (£5,500). There's £4,250-£9,500 off the EQ electric vehicle range, too, and all models require zero customer deposit. Find out more on these deals
Polestar
The Polestar 2 is available with 0% APR and zero customer deposit, or there's an additional £2,000 off selected models if you buy through the Polestar website. Find out more on this deal
Volvo
Deposit contributions include the Volvo XC40 and Volvo V60 (£3,000), Volvo XC60 and Volvo V90 PHEV (£7,000), Volvo XC60 PHEV and Volvo XC90 (£9,000) and Volvo XC90 PHEV (£10,000). EV discounts include the Volvo EX30 (£1,000), Volvo EX40 (£4,000) and Volvo EC40 (£5,000), and all are available with zero deposit. Find out more on these deals
Fiat 500 from £157 a month
Our pick Fiat 500 1.2 Pop
£0 deposit £157 per month
FIAT 500 review
A trendy city car for less than £160 per month without a deposit? That could be the deal if you go for a used Fiat 500, be it in one of the regular specs like Lounge or Pop, or perhaps the Rock Star special edition. Many drivers love the 500’s cheeky good looks, ability to zip through traffic and ability to squeeze into even the tightest parking spaces. And with second-hand prices this low, you can add costs to the list of plus points.
Fiat 500 1.2 Lounge 3dr
Price: £7,590 or £156.87 a month
Mileage: 31,465
Annual mileage limit: 8,000
Deposit: £0
Monthly payments: 47 x £156.87 (£7,372.89)
Optional final payment: £2,935
Total payable: £10,307.89
Representative APR: 13.3%
PCP agreement length: 48 months
See this deal
Dacia Duster from £175 a month
.jpg?rmode=max&width=860)
Our pick Dacia Duster 1.0 TCe 100 Essential
£0 deposit £175 per month
Dacia Duster review
Even though they're in high demand, the latest Dacia Duster is available within the parameters of our modest budget. For around £170 per month, you can get behind the wheel of an entry level Duster with relatively few miles on the clock. The Duster remarkable because it’s almost unique for being so affordable and unpretentious yet still stylish in its own practical way.
Dacia Duster 1.0 TCe 100 Essential 5dr
Price: £9,300 or £174.98 a month
Mileage: 26,516
Annual mileage limit: 8,000
Deposit: £0
Monthly payments: 47 x £174.98 (£8,224.06)
Optional final payment: £4,262.50
Total payable: £12,736.56
Representative APR: 13.3%
PCP agreement length: 48 months
See this deal
Vauxhall Corsa from £181 a month
Our pick Vauxhall Corsa 1.4
£0 deposit £181 per month
Vauxhall Corsa review
Thousands of driving schools and new drivers can’t be wrong - the Vauxhall Corsa is an easy-to-drive, practical and comfortable supermini that’s also big on value. And, if you're happy to look at used models, you can't argue with the prospect of very affordable finance costs from around £170 per month with zero deposit. That's for a three-door model, which tend to be cheaper, although, thanks to the Corsa's popularity there are usually plenty of both three- and five-door models to choose from.
Vauxhall Corsa 1.4 Energy 5dr [AC]
Price: £7,995 or £180.76 a month
Mileage: 43,414
Annual mileage limit: 8,000
Deposit: £0
Monthly payments: 47 x £180.76 (£8,495.72)
Optional final payment: £2,147.50
Total payable: £10,643.22
Representative APR: 13.3%
PCP agreement length: 48 months
See this deal
Toyota Yaris from £182 a month
Our pick Toyota Yaris 1.5 VVT-i
£0 deposit £182 per month
Toyota Yaris review
Yes, the previous-generation Toyota Yaris isn't exactly the last word in design-forward motoring, nor is it the most exciting car in the world to drive. However, if you're looking for a great deal on a cheap to run city car that is extremely unlikely to go wrong, then this could be the choice for you at just under £200 per month.
Toyota Yaris 1.5 VVT-i Icon Tech 5dr
Price: £8,899 or £181.86 a month
Mileage: 40,765
Annual mileage limit: 8,000 per year
Deposit: £0
Monthly payments: 47 x £181.86 (£8,547.42)
Optional final payment: £3,565
Total payable: £12,112.42
Representative APR: 13.2%
PCP agreement length: 48 months
See this deal
Volkswagen T-Cross from £217 a month
.jpg?rmode=max&width=830)
Our pick Volkswagen T-Cross SE
£0 deposit £217 per month
Volkswagen T-Cross review
It's not just city cars that make great zero deposit deals, as this Volkswagen T-Cross proves. VW's little SUV is right on trend, and comes with a smooth and frugal TSI petrol engine, and is easy to drive in town or on more open roads. SE spec includes 17-inch alloys, adaptive cruise control and more, all for just under £220 per month.
Volkswagen T-Cross 1.0 TSI SE 5dr
Price: £12,400 or £216.62 a month
Mileage: 45,048
Annual mileage limit: 8,000 per year
Monthly payments: 47 x £216.62 (£10,181.14)
Optional final payment: £7,255
Total payable: £17,436.14
Representative APR: 13.3%
PCP agreement length: 48 months
See this deal
Nissan Qashqai from £223 a month
Our pick Nissan Qashqai N-Connecta
£0 deposit £223 per month
Nissan Qashqai review
Others may have got there slightly before the Nissan Qashqai, but this is perhaps the car that took small family SUVs mainstream. Subsequent versions of Nissan's smash hit have brought improvements to safety kit, technology and interior quality, so it's no wonder that the Qashqai has proved so popular with buyers across the UK through its three generations. Second-gen Qashqais can be had from under £225 per month with no deposit, adding affordability to the strings of the Nissan's bow.
Nissan Qashqai 1.3 DiG-T Acenta Premium 5dr
Price: £11,290 or £222.76 a month
Mileage: 41,901
Annual mileage limit: 8,000
Deposit: £0
Monthly payments: 47 x £222.76 (£10,469.72)
Optional final payment: £5,005
Total payable: £15,474.72
Representative APR: 13.2%
PCP agreement length: 48 months
See this deal
MINI Hatchback from £249 a month
Our pick MINI Hatchback 1.5 Cooper
£0 deposit £249 per month
MINI Hatchback review
The MINI Hatchback remains one of the most characterful cars on the road, thanks to its charmingly retro design, playful driving experience and scope for personalisation. Add in an interior that feels good and there's no doubt the MINI stands out from most of its supermini competitors including the Ford Fiesta, Audi A1 and Volkswagen Polo, despite costing little more to own.
MINI Hatchback 1.5 One Classic 3dr
Price: £12,000 or £249.00 a month
Mileage: 57,069
Annual mileage limit: 8,000 per year
Deposit: £0
Monthly payments: 47 x £249.11 (£11,708.17)
Optional final payment: £4,195
Total payable: £16,153.17
Representative APR: 13.3%
PCP agreement length: 48 months
See this deal
BMW 1 Series from £285 a month
Our pick BMW 118i
£0 deposit £285 per month
BMW 1 Series review
With this BMW 1 Series, we wanted to show that even without paying a deposit you may be able to afford a more upmarket car than you think. The BMW 1 Series is not the most practical hatchback but it is certainly one of the best to drive, and at less than £290 per month with no deposit it's very much within reach.
BMW 118i M Sport 5dr
Price: £15,000 or £285.20 a month
Mileage: 55,364
Annual mileage limit: 8,000
Deposit: £0
Monthly payments: 47 x £285.20 (£13,404.40)
Optional final payment: £6,940
Total payable: £20,594.40
Representative APR: 13.3%
PCP term: 48 months
See this deal
What finance can I use with no deposit?
Zero deposit car finance tends to be offered with Personal Contract Purchase (PCP). This is the most common way people buy cars in the UK, and means that once you've signed your deal, you’ll pay a monthly fee for an agreed length of time, usually two to five years, and then will have the option to own the car by paying the outstanding amount at the end of finance agreement.
One thing it's worth noting is that monthly payments are likely to be higher to take into account the fact that you didn’t pay a deposit to begin with. It can be worth taking the time to work out if you put down even a small deposit, how much that impacts your monthly payments over the course of your PCP deal.
Which cars are available with no deposit?
On paper at least, most carmakers offer zero deposit finance deals. That means, in theory at least, buyers should have plenty of choice in getting the exact car that meets their needs. However, this comes with the caveat that zero deposit deals require good credit scores to be approved, and that it's extremely important to consider how much the monthly payments and APR will be, and how that fits with your ability to pay.
If the sums add up, then a zero deposit deal will mean you can specify the car exactly as you want it, although delivery times are worth checking right now, as these can extend longer than usual given the continued chip shortage.
How do I get a 0 deposit car finance deal?
Unfortunately, a zero deposit car finance deal won’t be available to every buyer. That’s because, without a significant amount of money paid up front in the form of a deposit, there is a greater risk for the lender to take into account.
Everyone has to have their credit checked when signing up for finance. However, due to the risks involved for the lender, it’s likely that a more thorough credit check will take place, including proving your income, to make sure you’re good for the repayments. You may also be asked for a guarantor to ensure that payments will be received if you can’t afford them for any reason.