Best zero deposit car finance deals - March 2024

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 to sign 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 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.

One thing to look out for is zero deposit finance with a deposit contribution from the car manufacturer. This means you get an effective discount on the overall car price, meaning you have less to finance and thus less to pay each month.

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.

Citroen

  • Citroen e-C4 and Citroen e-C4 X are available with 0% APR and zero deposit over 48 months, starting at £399 or £359 per month respectively

Fiat

  • The electric Fiat 500e (RED) is available on PCP with zero deposit, £3000 e-GRANT and 0% APR

Kia

  • Zero deposit deals and deposit contributions are available across the Kia range. The Kia EV6, Kia Niro EV and Kia Soul EV have £1000-£1500 towards deposits
  • The Kia Picanto, Kia Stonic and Kia Sportage can all be had with zero deposit, plus £1000-£1500 deposit contributions

Mercedes-Benz

  • Mercedes EQA, Mercedes EQB, Mercedes EQE saloon and Mercedes EQE SUV and Mercedes EQS Saloon all 0% APR, hefty deposit contributions and customer deposit of less than £1 on Agility PCP

Peugeot

  • The electric Peugeot e-208 and Peugeot e-2008 get 0% APR, no deposit and £5000 discounts on PCP if you buy online
  • The Peugeot e-308 gets 0% APR, no deposit and £2500 off

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 Sportage 2

£488 a month: 3 year PCP @ 7.9% APR

Zero deposit + £1500 deposit contribution

The Kia Sportage has kicked off 2024 in some style by becoming the UK's best-selling car. And it's not hard to see why, given that Kia's family SUV has plenty of equipment, a spacious interior and great warranty, plus some decent finance incentives like Kia chipping in £1500 so you don't need to put down a deposit.

>> Find this deal here

Deposit Monthly Payments Optional Final Payment Total Payable Mileage Per Year Deal Available Until
£0 36 x £488.44 (£17,583.84) £15,426.01 £34,509.85 8000 1st April 2024

 

Suzuki S-Cross Motion Mild Hybrid

£366 a month: 4 year PCP @ 7.9% APR

Zero deposit + £3000 deposit contribution

Suzuki S-Cross

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.

>> Find this deal here

Deposit Monthly Payments Optional Final Payment Total Payable Mileage Per Year Deal Available Until
£0 48 x £366.24 (£17,579.52) £10,898 £31,477.52 6000 1st April 2024

 

Nissan Juke N-Connecta

£384 a month: 3 year PCP @ 5.99% APR

Zero deposit + £1250 deposit contribution

Nissan Juke

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.

>> Find this deal here

Deposit Monthly Payments Optional Final Payment Total Payable Mileage Per Year Deal Available Until
£0 36 x £384 (£13,824) £12,773 £27,853 6000 2nd April 2024

 

Hyundai i30 SE Connect 1.0

£376 a month: 4 year PCP @ 6.9% APR

Zero deposit + £500 deposit contribution

Hyundai i30

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. 

>> Find this deal here

Deposit Monthly Payments Optional Final Payment Total Payable Mileage Per Year Deal Available Until
£0

48 x £375.98 (£18,047.04)

£8410.22 £26,957.26 10,000 2nd April 2024

 

Mercedes A-Class A 200 Sport Executive

£425 a month: 4 year PCP @ 5.2% APR

Zero deposit + £3500 discount

Mercedes A-Class

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 a £3500 discount, zero deposit for you to pay, and 5.2% APR.

>> Find this deal here

Deposit Monthly Payments Optional Final Payment Total Payable Mileage Per Year Deal Available Until
£0 48 x £425.02 (£20,400.96) £14,875.00 £35,285.96 10,000 31st March 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. Every person signing up to a finance deal will have their credit checked. However, 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.

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 finance 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, therefore it's worth looking out for PCP deals that include some kind of manufacturer deposit contribution or discount to help keep monthly payments reasonable.

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.

It is possible to get used cars with zero deposit finance, too, although it's worth checking exactly how much you'll end up paying overall, as these agreements can prove quite costly. It's always worth getting a quote tailored to you before you sign up to any deal, as this will spell out all the costs and obligations you'll need to cover.