– previously i3 Car Finance

No Deposit Car Finance:
Drive Your Dream Car Today Without Breaking the Bank

Looking to finance a car without having to pay an upfront deposit? No deposit car finance offers an excellent solution, allowing you to get the car you desire without months or years of saving. Spread the cost of the car over time and enjoy the convenience of fixed monthly payments.

Benefits of No Deposit Car Finance:

No deposit car finance provides several advantages. Firstly, you can keep your savings intact or invest in other areas since there’s no need for an upfront payment.

Budget-Friendly Option:

No deposit car finance is a budget-friendly choice. The cost of the car is divided over a specific period, allowing you to plan your finances effectively and avoid unexpected expenses. By paying a fixed amount each month, you gain financial stability and can save money in the long run without the need for an upfront payment.

Understanding APR and Interest Rates:

Understanding the terms APR and interest rates is crucial when applying for car finance. APR, or Annual Percentage Rate, represents the interest rate charged on the loan. Higher APR means more interest paid over the loan term. Interest rates, on the other hand, indicate the percentage of the loan amount paid as interest. It’s essential to compare APRs and interest rates from different lenders to secure the best deal and avoid any hidden fees or charges.

Qualifying for No Deposit Car Finance:

To qualify for car finance, you need to meet specific criteria. Firstly, you must be at least 18 years old with a valid UK driving license. Secondly, a steady source of income, such as a salary, self-employment, or benefits, is necessary. Proof of address and employment may also be required depending on your duration at that job or address. If you meet these criteria, get a quote with us today!

Steps to Apply for No Deposit Car Finance:

Applying for no deposit car finance is a straightforward process. Fill out the application form with your personal and financial details, including your name, address, employment status, income, and information about the desired car if you have found one. After submitting the application, the lender will review your information and conduct a soft credit check. Upon approval, you’ll receive a vehicle contract outlining the loan’s terms and conditions. Carefully read and sign the contract if you agree to the terms.

Tips for Finding Affordable No Deposit Car Finance:

Finding affordable no deposit car finance can be challenging but not impossible. Here are some tips to help you secure the best deal:

1. Compare APRs and interest rates from different lenders.

2. Look for lenders offering flexible repayment terms.

3. Consider a guarantor loan if you have a poor credit score.

4. Opt for a shorter loan term to save on interest.

5. Consider buying a used car instead of a new one.

Frequently Asked Questions about No Deposit Car Finance:

1. Is it possible to get no deposit car finance with a poor credit score?

Yes, it’s possible with guarantor loans, where a co-signer/joint applicant with a traceable credit score is involved.

2. Can I choose any car with no deposit car finance?

Most vehicle sources offer a wide range of cars to choose from, but certain restrictions may apply.

3. What happens if I can’t make my monthly payments?

Contact your lender immediately to discuss options such as payment holidays or loan restructuring for affordability.


No deposit car finance is an excellent option for those looking to finance a car without upfront payments. By comparing APRs and understanding the eligibility criteria you can find affordable deals.

Drive your dream car today without breaking the bank. Don’t miss out on this opportunity. Take the first step toward financing your dream car by getting a quote on our website or contacting our friendly team. Explore our extensive range of vehicles available on finance today!

Scroll to Top