No deposit car finance lets you spread the full cost of a used car in fixed monthly payments with nothing to put down upfront. No saving up. No waiting. Just the car you want.
Saving up for a deposit is often the hardest part of any car finance agreement. With no deposit car finance, your upfront costs are removed entirely. Instead you can finance the full cost of your car and repay it in fixed monthly installments.
This type of finance is typically available on used cars. The availability of no deposit car finance deals, and the rates attached to them vary lender, and depend on your credit profile and individual circumstances.
If you do borrow the full cost of your car, your monthly payments will be slightly higher than if you put down a deposit, even a small one and you can pay more overall in interest payments.
At Concept Car Credit, we offer zero deposit car finance deals on a wide range of used cars, and we welcome applications from customers with bad credit, a thin credit history or previous financial difficulties. Most of our customers are approved in less than an hour. Many drive away on the same day.
The process works similar to standard car finance.
You apply, get a decision, choose your car and start making payments. The only difference is you haven’t put any money down at the beginning.
Once approved you’ll pay the monthly amount, usually over 36 to 60 months. At Concept Car Credit, we offer Personal Contract Purchase (PCP) as our no deposit car finance option.
With PCP, you pay your monthly payments and at the end of your agreement have three options to either return the car, pay a final balloon payment to own the car, or use any equity as a deposit on a new car.
Because PCP spreads your car’s value into the final payment, it means your monthly payments are lower than other finance options, like hire purchase, making it a more affordable option for many people.
To apply for no deposit car finance with Concept Car Credit, you need to meet the following criteria:
Other than these basic requirements, lenders will assess your credit history, income and current financial commitments to check your eligibility and affordability, as well as the rate available to you. Having a positive credit history improves your chance of approval, but a limited or poor history won’t automatically disqualify you. Every application is assessed based on your individual circumstances and affordability.
Many lenders automatically refuse applications from customers who want car finance with bad credit, missed payments, defaults, IVAs or those looking for car finance with a CCJ. A Concept Car Credit we take a different approach. Our panel of lenders takes your full financial picture into account. Your current income, your affordability and your credit file are taken together so your full circumstances are judged on merit.
It’s possible you’ll be offered a higher interest rate if you have no or poor credit history, but we’ll always be transparent about your rate.
What you need to think about
Step 1: Apply online
Fill out our quick online application form. Tell us you’re interested in a deposit car finance deal. Even if you’ve got bad credit or been refused used car finance elsewhere, you should still apply.
Step 2: Get your decision
Most customers receive a decision in less than an hour. We’ll contact you with the next steps and talk you through the car finance options available to you based on your circumstances and credit profile.
Step 3: Choose your car
Browse our selection of used cars online, or visit our Manchester showroom in person. Whatever type of used car you’re looking for, we have a wide range, including Audi, Ford and BMW that can work with your monthly budget. Browse our full range of used cars on finance.
Step 4: Understand your finance agreement
Our team will walk you through exactly how your PCP finance agreement works including your monthly repayments, the length of your term, the total cost of credit and your options at the end of the deal.
Step 5: You drive away
Once your finance agreement is confirmed, you’re ready to go. Many customers are able to drive away on the same day.
If you already own your car or have equity in a used car on finance, you might be able to use that as a deposit towards your new car as a part exchange. Speak to our team about our part exchange offers when you visit our showroom or get in touch.
Applying for no deposit car finance with Concept Car Credit doesn’t affect your credit score. We use a soft credit check during your application, which doesn’t show on your credit file and can’t be seen by other lenders.
This stage is just for us to assess your eligibility for a finance deal. A hard credit search (which will appear on your credit file) only happens once you’ve reviewed all your options and accepted your finance deal.
For illustration purposes only. The rate and payment you may be offered will be based on your individual circumstances.
Concept Car Finance Limited is a credit broker, not a lender. Credit is subject to status.
£0.00
at 14% APR
Vehicle Price: £0.00
Deposit: £0.00
Amount to Finance: £0.00
APR: 0.00%
Option-to-purchase fee: £10
Total Cost of Credit: £0.00
Total Repayable: £0.00
No deposit car finance doesn’t have to be complicated. At Concept Car Credit we work with customers in all kinds of financial situations, including those with poor credit or who’ve been refused elsewhere. Apply online today and get a decision in less than an hour. Our team will talk you through your options, help you find the right used car, and ensure you understand every part of your PCP finance agreement before you sign. Apply online and browse our selection of used cars Concept Car Credit is a credit broker, not a lender.
Personal Contract Purchase (PCP) is the most widely used car finance product in the UK. With a PCP agreement, you make fixed monthly payments over the term of your deal. At the end, you have three options: hand the car back to the lender, use any equity as a deposit on your next car finance deal, or make an optional final payment to own the car outright.
Because PCP spreads part of the car’s value into that optional final payment, your monthly repayments are typically lower than they would be on a Hire Purchase (HP) agreement for the same car. For customers focused on keeping their monthly payments manageable, this is a meaningful advantage.
With a no deposit car finance PCP deal, you finance the full purchase price of the car from the start. There is no cash deposit required upfront. Your monthly budget goes entirely toward your repayments, and you know exactly what you owe each month.
These two terms sound similar but refer to different things. Zero deposit car finance means you pay nothing upfront. You borrow the full cost of the car and repay it with interest over the term of the deal. The interest rate on the agreement may still be significant.
Zero percent car finance means the deal is interest-free. You pay back exactly what you borrowed, with no added cost. These deals are typically offered by manufacturers on new cars and are very rarely available to customers with less-than-perfect credit.
At Concept Car Credit, we offer zero deposit car finance deals on used cars. Our agreements carry a representative APR, and the rate offered to you will reflect your individual circumstances and credit profile.
Yes. No deposit car finance allows you to finance the full cost of a used car without paying anything upfront. You make fixed monthly payments over an agreed term. At Concept Car Credit, all of our car finance deals are available with no deposit required.
Yes. At Concept Car Credit, we welcome applications from customers with poor credit, missed payments, defaults, or a thin credit history. We look at your full financial picture, including your income and current affordability, not just your credit score. There is no minimum credit score required to apply.
You apply for finance, receive a decision, and choose your car. The lender pays the dealer for the vehicle, and you repay the loan in fixed monthly instalments over a set period, typically 36 to 60 months. With a PCP finance agreement, you also have options at the end of the term: hand the car back, use any equity toward your next car, or pay an optional final payment to own the car outright.
The amount you can borrow depends on your individual circumstances, including your income, credit profile, and the lender’s affordability assessment. Use our car finance calculator to get an indication of your monthly payments based on different vehicle prices and finance terms.
Yes, in most cases. Because you are borrowing the full cost of the car rather than reducing the loan with a deposit, you pay interest on a larger amount. This means your total cost of credit will be higher than on a deposit-backed deal, and your monthly payments will also be slightly higher. We will always show you the full cost of your finance agreement before you commit.
No deposit car finance is typically available on used cars. At Concept Car Credit, our full stock of used cars is available on no deposit PCP finance deals, subject to approval. You can browse our current selection online or visit our Manchester showroom to see the cars in person.
At the end of a PCP finance agreement, you have three options. You can hand the car back to the lender with nothing further to pay, provided the car is in good condition and within the agreed mileage limit. You can use any equity in the car as a deposit toward your next car finance deal. Or you can make the optional final payment to become the outright owner of the car.
