No-deposit finance for your used car
You can finance a car without putting money down. What changes is not whether it is possible, but what terms you will be offered and what you will be asked for in return. Here it is, plainly.
What buying with no deposit actually means
Run your own numbersYou finance the full amount
No deposit means you finance the full price of the vehicle instead of paying part of it up front. You drive away without having touched your savings.
In exchange, you finance more
In exchange, you are financing more money. And financing more money always means one of two things: a higher monthly payment, or a longer term with a higher total cost. There is no third option.
That does not make it a bad option
That does not make it a bad choice. For plenty of people it makes complete sense: if your current car is finished, or you need the vehicle for work, waiting six months to save a deposit costs more than financing it.
When it makes sense and when it does not
When it fits
It makes sense if your income is steady, the payment fits into your month with room to spare, and you need the car now.
When to wait
Think twice if the payment only just fits, if your income is irregular, or if you are stretching the term purely to reach a more expensive car than your budget really allows.
And we will say so if we see it. We would rather sell you a car you can pay for than land you with one that weighs on you for five years.
The three cases we are asked about most
No deposit
This is the ordinary case and it is assessed as normal. With demonstrable income and a clean payment history, financing the full amount is a routine transaction. If something can be put down, however small, including your current car in part-exchange, the payment improves, and that is the only reason we will ever suggest it.
No payslip
Not having a payslip is not the same as not having an income. Self-employed people, pensioners and anyone paid another way can finance a car by evidencing that income: quarterly returns, a tax return, a pension certificate, or bank statements showing the money arriving. What no lender will accept is income that cannot be documented at all.
Listed on ASNEF
Here we have to be blunt. Being on a defaulters' register makes the transaction much harder and, in a fair number of cases, impossible. Some lenders will look at small or already-settled debts, and some situations will not work at all. We put it forward and tell you quickly where you stand: if it is a no, you will hear it from us in days, not after three weeks of silence.
What you will not read here
No monthly payment, no interest rate and no APR. Not because we are hiding them, but because they depend on the vehicle, the amount, the term and your profile, and a figure put here as bait would not be the one you ended up signing.
No promise of approval. Anyone who guarantees you finance in advance, without having seen a single document, either does not know what they are saying or wants something else from you.
What you do get: a quick answer, and the exact terms in writing before you commit to anything.
Tell us about your case
Tell us which car interests you and where you stand. We will look at it and tell you what is possible, without dragging it out.
Or talk it through directly
Mon to Fri, 9:30–13:30 · Otherwise, by appointment
Common questions
Ask us on WhatsAppYes, it is a routine transaction. You finance the full price of the vehicle, which means either a higher monthly payment or a longer term than if you put a deposit down. Approval always rests with the lender.
Yes, as long as you can evidence income another way: quarterly returns and a tax return if you are self-employed, a pension certificate if you are retired, or bank statements. What cannot be financed is income that cannot be documented.
In some cases yes, in many no. It depends on the size of the debt, whether it has been settled, and the lender. We put it forward and give you a clear answer within days rather than leaving you waiting.
We cannot tell you without knowing which car interests you, how much is being financed, over what term and what your profile looks like. Once we have that, you get the exact figure in writing before you sign anything.
Yes. We value it free and with no obligation, and its value acts as the deposit, so you finance less and the payment comes down.
Yes. They are included in the advertised price of the vehicle, regardless of how you pay.
Where would you like to start?
Tell us what you are looking for, or what you have to sell, and we will tell you straight what we can do.
Mon to Fri, 9:30–13:30 · Otherwise, by appointment