MoneyMagpie

Mar 10

6 great cars you can get on finance with no deposit

Reading Time: 5 mins

Car finance is a fantastic way to get behind the wheel. If you can’t afford the huge expense of buying a car in one go, it reduces the burden by spreading the cost over a set number of years broken down into manageable monthly payments. Although having a deposit can greatly reduce these monthly repayments and potentially get you a better car, it is still easy to get finance without a deposit. As long as you match the basic criteria listed below, then you qualify.

  • You have to have lived in the UK for at least 3 years
  • You are 18 years or older
  • You can prove affordability
  • You are free from bankruptcy
  • You hold a full UK driving licence

The process is the same as normal – you’ll be put in front of a panel of lenders and matched with ones that are able to offer you a finance deal. This deal will be based on your £0 deposit along with various bits of information about your personal financial situation. A monthly repayment plan will be drawn up based on an amount that you can afford. It’s an extremely smooth and simple process and it begins with an easy online form. The last thing to do is choose the deal that suits you best and, of course, find a car – and there are hundreds to choose from. To give you some idea, here are six great cars you can get on finance, each one with a sample repayment deal and all based on zero deposit. We’ve tried to include a wide range, from large family estates and SUVs to compact urban cars ideal for city driving. Don’t let not having a deposit hold you back from applying for car finance, there are so many options out there!

 

Abarth 595

Around £338 per month

6 great cars you can get on finance with no deposit

The Abarth 595 has sporty looks for a reason – it’s the performance version of the Fiat 500. What makes it different from the model it’s based on is its 1.4-litre turbocharged engine, low stiff suspension, and a racing-influenced body kit. The exterior and interior include some noticeable differences, from the Abarth logo itself to the bucket racing seats. The 595 faces tough competition from the likes of the VW Up and Skoda Citigo but it more than manages. It has less boot space than those cars and can be a bit cramped in the back seat, but it’s quicker off the mark and is incredibly enjoyable to drive.  Its small size of course makes it easy to park making it an ideal city car and a great option for zero deposit car finance.

 

Finance example:

Cash price: £8,499

Deposit: £0

Monthly repayment: £338

Deal length: 3 years

 

Ford Focus

Around £381 per month

6 great cars you can get on finance with no deposit

The Ford Focus is an incredible family hatchback that has a fantastic reputation for fun and exciting driving. The New Ford Focus is competitively priced and comes in the largest choice of versions ever, including the Zetec, the Vignale and the Focus ST. Sitting between the Fiesta and the Mondeo in Ford’s line-up, the focus offers between 46 and 81 miles to the gallon. With a 375-litre boot and more leg space than ever before, it’s a great car to get on finance.

 

Finance example:

Cash price: £11,499

Deposit: £0

Monthly repayment: £381

Deal length: 3 years

 

 

 

Mercedes Benz S-Class

Around £398 per month

6 great cars you can get on finance with no deposit

The S-Class is Mercedes’ range of large luxury saloons and limousines. It’s been around since the ‘70s and is now on its sixth generation. Famous for its supremely luxurious interior which showcases high quality materials – leather and metal everywhere and no plastic in sight – the S Class has long been the choice of VIPs around the globe. It was also used as a base for the world’s very first driverless car. The S-Class has always contained cutting edge technology so no matter which year model you get, you can be sure of a comfortable, smooth and quiet ride in the cabin and an all-around feeling of luxury. It comes in a large choice of engines in petrol and diesel, and there is a petrol electric hybrid available. Why not opt for a Mercedes S-Class for your zero-deposit finance deal.

 

Finance example:

Cash price: £11,999

Deposit: £0

Monthly repayment: £398

Deal length: 3 years

 

 

 

Volvo V40

Around £338 per month

6 great cars you can get on finance with no deposit

The Volvo V40 is a small family car with a number of variants and a choice of petrol and diesel engines. Engine sizes vary from 1.6 litres all the way up to a powerful 2.5 litre engine. The V40 is also available in a version called the Cross Country which is slightly larger and offers SUV style aesthetics. Both of these offer excellent value as well as safety and practicality. The best version of the car gets around 56 miles per gallon. The Volvo V40 is based on the hugely popular and successful Ford Focus, which is also on our list. It provides a smooth driving experience and comfort for driver and passenger alike, making it ideal for long journeys. Its interior is well-built with very few plastic looking parts giving off an air of luxury. The Volvo V40 is a fantastic car to get on zero deposit finance.

 

Finance example:

Cash price: £8,499

Deposit: £0

Monthly repayment: £338

Deal length: 3 years

 

 

 

Kia Sportage

Around £398 per month

6 great cars you can get on finance with no deposit

The Kia Sportage is a family SUV with a roomy interior. It competes with the likes of the Hyundai Tucson (which it’s based on), the Skoda Karoq and the Nissan Qashqai but more than holds its own. Although it sports a plain and simple interior, it uses high quality materials and has a superbly spacious cabin. It lives up to its sporty name, offering a smooth and comfortable drive and comes in a wide choice of engine types and sizes, including a 4×4 version. It doesn’t compete as well in terms of boot space, but it offers more than enough storage space for the average family. Great media connectivity and smartphone mirroring in all versions completes an attractive package.

 

Finance example:

Cash price: £9,999

Deposit: £0

Monthly repayment: £398

Deal length: 3 years

 

 

 

Volkswagen Passsat

Around £517 per month

6 great cars you can get on finance with no deposit

The VW Passat is an elegant family car with a subtle style and a large, spacious interior. It comes in hatchback and estate variants, with a range of engines and a large choice of finishes. It even comes in an electric petrol hybrid version so there really is something for everyone. It’s quiet inside and has more than enough boot space for the average user. The Volkswagen Passat is convenient, comfortable, reliable and a fantastic choice if you want a car on finance.

 

Finance example:

Cash price: £10,999

Deposit: £0

Monthly repayment: £517

Deal length: 2 years

 

 

 

 

 

 

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