0 deposit car finance deals: full list of latest December 2023 deals

Want a great car for an affordable monthly payment - but without having to put down a hefty deposit? Check out these top no-deposit deals

By John Evans

Need a cheap finance deal but don't have the cash to pay a deposit? It's possible to get started with a PCP finance deal for less than £150 per month without paying a penny upfront.

Purchasing a car on finance has become the preferred method of car buying for drivers looking for a more affordable deal, but even with smaller monthly payments, many finance deals can require a hefty deposit to be paid first, and if you're keen to reduce those monthly costs further, you can end up 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, but it is still possible to bag yourself a good value purchase. For example, depending on your credit rating, opting for no deposit on a Fiat 500 1.2 Pop could add as little as £9 to your monthly payments, compared with placing a £484 deposit upfront. The difference is greater when compared with placing a larger deposit, but pick the right car and you could find a suitable model for an affordable monthly payment with no deposit.

One quick way to cut the cost of car finance is to go for a used car, rather than a brand new model, and if you're looking for a low deposit alongside cheap monthly payments, there are plenty of options available with BuyaCar.

Finding a great deal is easy, just find a car that suits your needs using the BuyaCar search tool, scroll down to the budget calculator at the bottom of the page and change the deposit amount to £0. The new monthly payment figure will appear in the box, so you can see how changing the deposit amount affects the monthly payment.

Below are 10 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 no deposit, with our BuyaCar lease deals.

1. Fiat 500

Our pick Fiat 500 1.2 Pop
£0 deposit £123 per month
Used deals from £4,995
Monthly finance from £117.52*

A trendy city car for £123 per month without a deposit? That could be the deal if you go for a used Fiat 500 1.2 Pop. 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.

It’s a little cramped in the rear seats, but up front there’s plenty of room and you’ll love the way the dashboard continues the stylish theme. If you enjoy driving and like the idea of a bassy, deep-sounding two-cylinder engine, go for the thrummy 0.9-litre 'TwinAir' model. If not, 1.2-litre petrol versions are cheaper and still nippy and economical.


2. Vauxhall Corsa

Our pick Vauxhall Corsa 1.4 Sting
£0 deposit £125 per month
Used deals from £5,995
Monthly finance from £116.16*

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 you can't argue with the prospect of £125 per month finance costs with zero deposit.

The Corsa has the UK’s broken roads licked thanks to a comfortable ride and good body control around corners, while standard-fit City mode makes the steering lighter at parking speeds, should you so wish. Interior quality is good and the whole car feels like a substantial machine for a car that costs so little.


3. Nissan Juke

Our pick Nissan Juke 1.5 DCi N-Connecta
£0 deposit £190 per month
Used deals from £6,871
Monthly finance from £169.55*

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 just £190 per month with no deposit.

It’s really a funky supermini dressed up in a striking crossover disguise, but its intentions are to thrill you with wacky style inside and out. Go for an Acenta version, which can be powered by Nissan’s surprisingly strong 1.2 DIG-T turbocharged petrol engine and it's fun to drive, too. It’s not the roomiest car for its external size but that’s the price of style.


4. Dacia Duster

Our pick Dacia Duster 1.2 TCe 125 Laureate
£0 deposit £186 per month
Used deals from £7,495
Monthly finance from £136.73*

This version of the Dacia Duster was remarkable value for money new, but it's even better value as a second-hand purchase, as you can see from our no-deposit example.

It’s remarkable because it’s almost unique for being so affordable and unpretentious yet still stylish in its own practical way. Ambiance trim features most of the essentials car buyers expect yet still manages to undercut rivals.

The diesel engine is a Renault motor that is modern and efficient. Basically, the question is not why should you buy a Duster, but why not if you're after an affordable off-roader.


5. Peugeot 308

Our pick Peugeot 308 1.6 BlueHDi 120 Active
£0 deposit £175 per month
Used deals from £7,495
Monthly finance from £136.73*

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. 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.

You might find the driving position a little strange at first. You sit quite high and look over rather than through the steering wheel, which is very small, to see the instruments. Once over that little quirk, however, the 308 looks and feels like a classy alternative to all but the classier and more expensive VW Golf.


6. Citroen C4 Picasso

Our pick Citroen C4 Picasso 1.6 BlueHDI Touch Edition
£0 deposit £271 per month
Used deals from £8,495
Monthly finance from £187.64*

High-riding SUVs are so popular these days that it’s easy to overlook that previous staple of family transport, the people carrier. The C4 Picasso is a prime example of the breed, being spacious, flexible and thrifty to purchase and to fuel. Its dramatic looks also make it stand out compared with many other similarly practical cars.

Citroen diesel engines are excellent and the 1.6 BlueHDi fitted to our example is perfect for the cost-conscious family with a large brood to carry. The diesel motor offers plenty of punch, however many people you're carrying in the car, and should make trips to fill up the tank a rare event.


7. Toyota Yaris

Our pick Toyota Yaris 1.5 Hybrid Icon Tech auto
£0 deposit £231 per month
Used deals from £8,058
Monthly finance from £162.49*

Pick this Yaris and you can get yourself an efficient self-charging hybrid from just £231 per month with no deposit. The Yaris combines a 1.5-litre petrol engine with an electric motor to boost fuel efficiency, especially in town.

Stay around town and you should be able to average over 50mpg in real-world motoring. If you spend more time on country roads or on the motorway, however, you can expect the fuel economy to fall away, so it's worth thinking about the type of driving you do, before opting for this hybrid hatchback. Faster roads are also where shortcomings in the Yaris's performance and automatic gearbox will be more keenly felt.

Still, coupled with Toyota’s usual virtues of reliability and good build quality, plus Icon trim’s specification - including a reversing camera, dual-zone climate control and a digital radio - this Yaris is hard to beat.


8. BMW 1 Series

Our pick BMW 118i SE
£0 deposit £228 per month
Used deals from £9,700
Monthly finance from £205.25*

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. In fact, putting a £1,000 deposit down would only save you £25 per month, so that gives you the choice to balance out the monthly payments and deposit to suit your situation.

The BMW 1 Series is not the most practical hatchback but it is certainly one of the best to drive thanks to its rear-wheel-drive set-up that makes it feel like a sports car. Unfortunately, this format does lead to the 1 Series having slightly less rear seat and boot space than rivals which power the front wheels.

Otherwise, its build quality and upmarket feel leave the other cars mentioned here standing, while the 1.5-litre petrol engine is smooth, quiet and has bags of overtaking power. It’s also reasonably economical, with around 35mpg easily achievable in the real world.


*Representative PCP finance - Ford Fiesta Titanium:

Monthly payments over 48 months: £192
Deposit: £0
Mileage allowance: 8,000 per year
Optional final payment to buy car: £2,923
Total amount payable to buy car: £11,926
Total cost of credit: £2,426
Amount borrowed: £9,500
APR: 9.9%

Buyacar is a credit broker, not a lender. Our rates start from 6.9% APR. The rate you are offered will depend on your individual circumstances.