0 deposit car finance deals: September 2024

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.

See also

• 0% APR car deals
• Best cars for £99 a month
• Best PCP car deals
• Best car leasing deals
• Nearly new car deals
• Best car subscriptions
• Best electric car leasing deals
• Best van finance deals
• New cars with free insurance
• All car finance deals

Zero deposit car finance deals A-Z

Zero deposit used car finance deals

Fiat 500

Our pick Fiat 500 1.2 Pop
£0 deposit £139 per month
FIAT 500 review

A trendy city car for less than £150 per month without a deposit? That could be the deal if you go for a used Fiat 500 1.2 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: £7,499 or £138.82 a month
Mileage: 45,957
Annual mileage limit: 8,000
Deposit: £0
Monthly payments: 47 x £138.82 (£6,524.54)
Optional final payment: £3,497.50
Total payable: £10,272.04
Representative APR: 13.3%
PCP agreement length: 48 months
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Dacia Duster

Our pick Dacia Duster 1.0 TCe 100 Essential
£0 deposit £151 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 less than £160 per month, you can get behind the wheel of an entry level Duster with modest 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: £8,700 or £151.00 a month
Mileage: 29,604
Annual mileage limit: 8,000
Deposit: £0
Monthly payments: 47 x £151.00 (£7,097.00)
Optional final payment: £4,735
Total payable: £12,082.00
Representative APR: 13.3%
PCP agreement length: 48 months
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Vauxhall Corsa

Our pick Vauxhall Corsa 1.4
£0 deposit £175 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.

Vauxhall Corsa 1.4 Griffin 3dr
Price: £8,303 or £175.30 a month
Annual mileage limit: 8,000
Deposit: £0
Monthly payments: 47 x £175.30 (£8,239.10)
Optional final payment: £2,980.00
Total payable: £11,219.10
Representative APR: 13.2%
PCP agreement length: 48 months
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Volkswagen T-Cross

Our pick Volkswagen T-Cross SE
£0 deposit £204 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 less than £230 per month.

Volkswagen T-Cross 1.0 TSI 115 SE 5dr
Price: £12,000 or £204.18 a month
Mileage: 53,017
Annual mileage limit: 8,000 per year
Monthly payments: 47 x £204.18 (£9,596.46)
Optional final payment: £7,345
Total payable: £16,941.46
Representative APR: 13.3%
PCP agreement length: 48 months
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Nissan Juke

Our pick Nissan Juke N-Connecta
£0 deposit £206 per month
Nissan Juke review

Nothing looks quite like the Nissan Juke and that’s why it’s been such a success. It’s one of those cars that looks a lot more expensive than it is, and definitely so in this case, with monthly payments from under £210 per month with no deposit. It’s not the roomiest car for its external size but that’s the price of style.

Nissan Juke 1.6 [112] Tekna 5dr
Price: £9,850 or £205.59 a month
Mileage: 43,970
Annual mileage limit: 8,000
Deposit: £0
Monthly payments: 47 x £205.59 (£9,662.73)
Optional final payment: £3,677.50
Total payable: £13,340.23
Representative APR: 13.2%
PCP agreement length: 48 months
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Toyota Yaris

Our pick Toyota Yaris 1.3 VVT-i
£0 deposit £207 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 £210 per month.

Toyota Yaris 1.5 VVT-i Icon 5dr
Price: £9,999 or £207.02 a month
Mileage: 31,000
Annual mileage limit: 8,000 per year
Deposit: £0
Monthly payments: 47 x £207.02 (£9,729.94)
Optional final payment: £3,835
Total payable: £13,364.94
Representative APR: 13.2%
PCP agreement length: 48 months
See this deal

Peugeot 308

Our pick Peugeot 308 1.2 PureTech
£0 deposit £222 per month
Peugeot 308 review

When it comes to family-size hatchbacks, the VW Golf and Ford Focus might be more obvious choices, but the Peugeot 308 is comfy and good value, especially when it can be has with a zero deposit finance deal for just under £225 per month. The model is characterised by restrained good looks, a big boot - rear interior space is a little tight as a consequence - good equipment levels and a smooth ride.

Peugeot 308 1.2 PureTech 130 Tech Edition 5dr
Price: £10,495 or £221.52 a month
Mileage: 32,189
Annual mileage limit: 8,000 per year
Deposit: £0
Monthly payments: 47 x £221.52 (£10,411.44)
Optional final payment: £3,767.50
Total payable: £14,178.94
PCP agreement length: 48 months
See this deal

BMW 1 Series

Our pick BMW 118i
£0 deposit £271 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 just under £280 per month with no deposit it's very much within reach.

BMW 118i [136] SE 5dr
Price: £15,000 or £270.80 a month
Mileage: 43,201
Annual mileage limit: 8,000
Deposit: £0
Monthly payments: 47 x £270.80 (£12,727.60)
Optional final payment: £7,817.50
Total payable: £20,795.10
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.