No deposit car finance 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

John Evans
Mar 30, 2020

Purchasing a car on finance is hugely convenient but can be marred by having to cobble together a whopping deposit to get monthly payments down to a reasonable level. For a start you may not have any spare cash - a common reason why people take finance in the first place - or maybe you do but need to put it towards something else, like a pricey new boiler or to cover the cost of car insurance. One quick way to cut the cost of car finance is to go for a used model, rather than a brand new car, but if you need a low deposit, as well as low monthly payments, fear not.

Fortunately, with BuyaCar you can finance a used car for a low monthly payment without putting down a deposit. 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. 

Opting to pay no deposit is not as expensive as you might think. For example, depending on your credit rating, opting for no deposit on a Fiat 500 1.2 Pop could add as little as £9 per month compared with placing a £484 deposit upfront. The difference is greater when comparing 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.

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.

No deposit car finance deals

1. Fiat 500

Our pick Fiat 500 1.2 Pop
£0 deposit £92 per month
Used deals from £4,390
Monthly finance from £88

A trendy city car for £92 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.

FIAT 500 BUYERS' GUIDE

2. Vauxhall Corsa

Our pick Vauxhall Corsa 1.2 Excite (AC) 3dr
£0 deposit £100 per month
Used deals from £4,100
Monthly finance from £84

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 £100 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.

VAUXHALL CORSA BUYERS' GUIDE

3. Nissan Juke

Our pick Nissan Juke 1.2 DIG-T Acenta 5dr
£0 deposit £116 per month
Used deals from £7,580
Monthly finance from £132

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 less than £120 per month with no deposit possible.

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.

NISSAN JUKE BUYERS' GUIDE

4. Dacia Duster

Our pick Dacia Duster 1.5 dCi Ambiance
£0 deposit £122 per month
Used deals from £5,290
Monthly finance from £107

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.

DACIA DUSTER BUYERS' GUIDE

5. Dacia Logan MCV

Our pick Dacia Logan 1.5 dCi Ambiance
£0 deposit £126 per month
Used deals from £6,499
Monthly finance from £121

Dacia’s done it again, this time with a great-value estate. Nothing can touch the Logan for value and practicality, with one of the closest alternatives being something like a Vauxhall Astra estate, but even that’s likely to cost you nearly £200 per month with no deposit.

Admittedly, the 0.9-litre petrol engine is a little underpowered for a car of this size - we think the 1.5-litre diesel is a better fit - but if it’s a comfortable, unpretentious workhorse you need, you’ll find it in the Logan’s comfortable ride, well-chosen equipment list and simply massive boot.

DACIA LOGAN MCV BUYERS' GUIDE

6. Peugeot 308

Our pick Peugeot 308 1.6 BlueHDi 120 Allure
£0 deposit £134 per month
Used deals from £7,100
Monthly finance from £133

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.

PEUGEOT 308 BUYERS' GUIDE

7. Mini Hatchback

Our pick Mini 1.5i Cooper 5dr
£0 deposit £135 per month
Used deals from £6,000
Monthly finance from £118

With Mini being owned by BMW it’s easy to think its cars would be expensive, but just look at this zero deposit deal on a used Cooper - well under £150 per month with no deposit. As PCP finance costs take into account what the car is worth at the end of the contract - the more it's worth, the lower your monthly payments - even with no deposit, a Mini Hatchback could cost you less than you think.

It’s barely more expensive than the Peugeot 308 above but your money buys a lot more fun, albeit at the expense of interior space. Still, this is the five-door version which is roomier and a lot more practical than the traditional three-door Mini.

The Cooper is the biggest seller in the hatch range and for good reason since it has a great turn of speed and precise handling that brings out the Mini’s character in spades. It's still economical and affordable, though, so it should prove just as cheap to live with as to finance.

MINI HATCHBACK BUYERS' GUIDE

8. Citroen C4 Picasso

Our pick Citroen C4 Picasso 1.6 BlueHDI VTR Plus
£0 deposit £148 per month
Used deals from £6,999
Monthly finance from £123

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.

CITROEN C4 PICASSO BUYERS' GUIDE

9. Toyota Yaris

Our pick Toyota Yaris 1.5 Hybrid Icon auto 5dr
£0 deposit £160 per month
Used deals from £8,995
Monthly finance from £154

Pick this Yaris and you can get yourself a hybrid from just £160 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 53mpg 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 rearview camera, dual-zone climate control and a digital radio - this Yaris is hard to beat.

TOYOTA YARIS BUYERS' GUIDE

10. BMW 1 series

Our pick BMW 116d SE 5dr
£0 deposit £169 per month
Used deals from £8,550
Monthly finance from £148

Admittedly, if you're on a tight budget we’re pushing our luck here with a monthly payment approaching £170 but we wanted to show how, even without a paying a deposit, you may be able to afford a more upmarket car than you think. In fact, putting almost £1,000 down would only save you £30 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 diesel engine is smooth, quiet and has bags of overtaking power. It’s also economical, with 53mpg easily achievable in the real world.

BMW 1 SERIES BUYERS' GUIDE

 

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