Best zero deposit car finance deals - January 2026

Looking to get behind the wheel of a new car without troubling your savings account? A 0 deposit car finance deal means you pay nothing up front. Here are the best offers on zero and low deposit finance we've found.

The increasing cost of living means that it’s harder and harder to get the money together to put down a deposit for a new PCP, let alone buy a new car outright. If this sounds like you, zero deposit car finance could be worth exploring.

A £0 deposit car finance deal means you pay no deposit on your PCP finance deal. You may have a car to trade-in towards your deposit, or you may be looking at a PCP with a deposit contribution, which will help lower your monthly payments, but the point is that you don't have to stump up a large amount of cash to get a PCP on a car that works for you.

As with all car finance, there are trade offs. Yes you get the convenience of not having to save up to afford a large initial sum, but you are effectively passing the costs on to yourself further down the line through increased monthly payments.

These larger monthly payments, often made over a longer time period, mean there's the likelihood of attracting larger interest payments, too. As ever it's worth figuring out the whole cost of the deal, and not being seduced by the appeal of low or no deposit agreements, before you sign up.

After more deals on new cars? Check out our round-up of all the best new car deals around. 

Best Zero Deposit Car Finance Deals

Our round up the best new-car zero and low-deposit PCP finance deals that are available right now. This list includes manufacturers that offer zero deposit deals, plus our picks of the best makes and models on offer with no deposit to pay.

Is a 0 deposit car finance deal a good idea?

Zero deposit car finance can be a great way of getting behind the wheel as you don't have to dip into your savings to pay a deposit. Instead, you just need to have enough money to cover the monthly payments and running costs of your car.

However, by not paying a deposit, your monthly payments will be slightly larger, although this may be more manageable for you depending on your finances.

It's worth looking for deposit contribution deals, perhaps on less popular cars, or models that are due to be replaced, as this means the car company covers some or all of your deposit, leaving your monthly payments more reasonable.

If you do decide to opt for a zero deposit deal, it's worth remembering that your finance application and any late payments can lower your credit score.

What’s the difference between zero deposit car finance and 0% car finance?

Zero deposit car finance means that you don't pay anything towards the deposit when you start your finance agreement. There may still be a deposit contribution paid, but that comes from the carmaker or car dealer's side.

0% APR finance on the other hand means that you don't pay any extra interest over the term of your agreement for the car you're financing than the cost of the car itself.

It's quite rare, but it is possible to find PCP deals where you pay no deposit, there is a deposit contribution, and there's 0% APR on the agreement, too.

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?

Many 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 are still longer than usual given supply chain difficulties.

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.