Best zero deposit car finance deals - November 2023
A 0 deposit car finance deal means you pay nothing up front, so if you want car finance without hurting your savings account, here are the best offers we've found.
The increasing cost of living means that it’s harder for many to get the money together to buy a new car outright, or to put down a deposit for a finance agreement. However, help is at hand if you find yourself in this situation - zero deposit car finance.
A 0 deposit car finance deal means you pay no deposit, simple as that.
As with all car finance, there are trade offs. Here you’re getting the convenience of not having to save for months or dig into existing savings to put up a large initial sum, but are effectively passing the costs on to yourself further down the line through increased monthly payments.
With a PCP or car lease you usually pay a deposit or initial rental, and the higher this is, the lower your monthly payments become.
However, if you do go for the zero deposit option, you’re effectively buying the using finance to cover the whole cost of the car, rather than paying some of the cost up front with your deposit. This means larger monthly payments, often over a longer time period, and the likelihood of attracting larger interest payments, too.
Everyone buying a car on finance has to have their credit history checked to ensure they can pay back the loan. As a zero deposit loan is a little riskier for the finance companies, you need to have a great credit score to be accepted for this kind of deal.
It’s also worth bearing in mind that this type of finance deal is very expensive to end early, so you need to be sure the deal is right for you, and you can afford it throughout its duration, before signing up.
After more deals on new cars? Check out our round-up of all the best new car deals around.
Zero Deposit Finance Deals - A-Z by Car Maker
Here's a list of zero deposit deals being offered by carmakers right now. Not all carmakers offer zero deposit finance, but if a deal pops up, we'll feature it here.
Kia
- Kia has zero deposit deals on EV6, Niro EV and Soul EV models, plus £500-£1500 deposit contributions on PCP
- The Kia Picanto, Stonic and Sportage can all be had with zero deposit, plus £1000-£1500 deposit contributions
Mercedes-Benz
- Mercedes EQC, EQE saloon, EQA and EQB all 0% APR, hefty deposit contributions and customer deposit of less than £1 on Agility PCP
0 Deposit Car Finance Deals
Our round up the best new car finance deals with zero deposit to pay that are available right now. We update this page every week to make sure we bring you the best deals.
Kia Stonic GT-Line S 1.0
£458 a month: 3 year PCP @ 7.9% APR
Zero deposit + £1500 deposit contribution
With its low running costs and seven year warranty, the Kia Stonic is a budget friendly small SUV with peace of mind thrown in. To make it easier to get behind the wheel, Kia is offering zero deposit PCP deals and a £1500 deposit contribution, too.
| Deposit | Monthly Payments |
Optional Final Payment |
Total Payable |
Mileage Per Year |
Deal Available Until |
| £0 | 36 x £458.03 (£16,489.08) | £11,565 | £29,554.08 | 10,000 | 13th December |
Lexus UX F Sport
£699 a month: 4 year PCP @ 5.9% APR
Zero deposit
The Lexus UX is all about peace of mind. It's easy and relaxing to drive, has low running costs and should be reliable, too. Not exciting, mind, but a smart bet if these are your requirements from your new small SUV. Up until mid-December, the Lexus UX can be had with zero deposit.
| Deposit | Monthly Payments |
Optional Final Payment |
Total Payable |
Mileage Per Year |
Deal Available Until |
| £0 | 47 x £698.50 (£32,829.50) | £16,897.50 | £49,727.00 | 10,000 | 13th December |
Suzuki S-Cross 1.4 Boosterjet
£372 a month: 4 year PCP @ 7.9% APR
Zero deposit + £2000 deposit contribution
Rivals might be a little more refined and upmarket, but the Suzuki S-Cross is an old school solid and reliable family SUV that's comfortable and comes well equipped. Suzuki offers the S-Cross with 0% APR on two-year PCP, but you can also opt for a zero deposit arrangement over four years, which we're featuring here.
| Deposit | Monthly Payments |
Optional Final Payment |
Total Payable |
Mileage Per Year |
Deal Available Until |
| £0 | 48 x £371.78 (£17,845.44) | £11,950 | £31,795.44 | 10,000 | 2nd January 2024 |
Toyota Aygo X Edge Auto
£293 a month: 3 year PCP @ 4.9% APR
Zero deposit + £900 deposit contribution
The Toyota Aygo X is a small car in sheep's clothing, in that it's really a small hatchback hiding beneath the plastic cladding we associate with an SUV. However, it does have a raised ride height which makes it really well suited to city driving. Opt for a zero deposit PCP and try it out for yourself.
| Deposit | Monthly Payments |
Optional Final Payment |
Total Payable |
Mileage Per Year |
Deal Available Until |
| £0 | 35 x £292.83 (£10,249.05) | £8,955 | £20,104.05 | 10,000 | 13th December |
Nissan Juke N-Connecta
£395 a month: 3 year PCP @ 6.99% APR
Zero deposit + £1250 deposit contribution
The Nissan Juke may have toned down its act for the second generation model, but it's still one of the more distinctive small SUVs on sale, and it's decent value for money. You can get a Nissan Juke with zero deposit and a useful contribution depending on model. The quote below is for a Nissan Juke N-Connecta DIG-T Manual.
| Deposit | Monthly Payments |
Optional Final Payment |
Total Payable |
Mileage Per Year |
Deal Available Until |
| £0 | 36 x £395 (£14,220) | £12,929 | £28,401 | 6000 | 15th January 2024 |
MG3 Exclusive Nav
£259 a month: 4 year PCP @ 9.9% APR
Zero deposit + £1000 deposit contribution
At seven years old, the MG3 is a little long in the tooth. However, while the engine range and some of the tech showing its age, the MG3 is still a very well equipped, decent to drive small car that's extremely affordable.
| Deposit | Monthly Payments |
Optional Final Payment |
Total Payable |
Mileage Per Year |
Deal Available Until |
| £0 | 48 x £258.57 (£12,441.36) | £6,210 | £19,612.36 | 8000 | Ongoing |
Hyundai i30 SE Connect 1.0
£378 a month: 4 year PCP @ 7.9% APR
Zero deposit + £750 deposit contribution
The Hyundai i30 is very much the thinking driver's family hatchback, if not the last word in excitement. Go for this deal on the i30 SE Connect and you'll be getting the i30's solidly built interior, a raft of the latest safety kit, and a refined, grown-up driving experience.
| Deposit | Monthly Payments |
Optional Final Payment |
Total Payable |
Mileage Per Year |
Deal Available Until |
| £0 |
48 x £377.49 (£18,119.52) |
£8697.25 | £27,566.77 | 10,000 | 1st January 2024 |
Mercedes A-Class A 180 Sport Executive
£419 a month: 4 year PCP @ 5.2% APR
Zero deposit + £2000 deposit contribution
The Mercedes A-Class is a decent competitor when it comes to which premium hatchback you should buy. It's comfortable and easy to drive, and benefits from Mercedes' MBUX infotainment system. And you can pick one up on a four-year PCP deal with £2000 towards your deposit and zero deposit for you to pay, and 5.2% APR.
| Deposit | Monthly Payments |
Optional Final Payment |
Total Payable |
Mileage Per Year |
Deal Available Until |
| £0 | 48 x £419.16 (£20,119.68) | £15,125.00 | £35,254.68 | 10,000 | 3rd January 2024 |
BMW X2 sDrive18i M Sport
£617 a month: 4 year PCP @ 4.9% APR
Zero deposit
The BMW X2 is the slightly more coupe-inspired sibling to the more upright X1 SUV. It's a decent long-distance cruiser, although the more curvaceous design does dilute the practicality of the boot and rear seats. There's currently a 4.9% APR offer on the X2 sDrive18i in popular M Sport trim.
| Deposit | Monthly Payments |
Optional Final Payment |
Total Payable |
Mileage Per Year |
Deal Available Until |
| £0 | 47 x £617.31 (£29,013.57) | £14,627.70 | £43,641.27 | 10,000 | 28th December |
VW Golf Life 1.0 TSI
£405 a month: 4 year PCP @ 7.5% APR
Zero deposit + £2000 deposit contribution
The latest Volkswagen Golf is nice to drive and comfortable too. The infotainment system is fiddly, but at least VW is sweetening deals with a decent deposit contribution, even if you aren't chipping in yourself. This quote is for a VW Golf Life 1.0 TSI manual, but deposit contributions are available across the range.
| Deposit | Monthly Payments |
Optional Final Payment |
Total Payable |
Mileage Per Year |
Deal Available Until |
| £0 | 47 x £405.36 (£19,051.92) | £10,861.20 | £31,923.12 | 10,000 | 2nd January 2024 |
What do I need to get a 0 deposit car finance deal?
Unfortunately, a zero deposit deal won’t be available to every buyer. That’s because there is a greater risk for the lender to take into account. As a result, it’s likely that a 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.
What types of finance are offered with no deposit?
Zero deposit car finance is usually offered with Personal Contract Purchase (PCP). This is the most common way people buy cars in the UK, and means you’ll pay monthly with the option to own the car by paying the outstanding amount at the end of finance agreement. The monthly payments are likely to be higher to take into account the fact that you didn’t pay a deposit to begin with.
Which cars are available with no deposit?
Most carmakers offer zero deposit finance deals, meaning that you’ll have plenty of choice in getting the exact car that meets your needs. They’re available on brand new cars, so 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.
