Want to get on the road without putting money down first? Zero deposit car finance lets you spread the full cost over your monthly payments instead — subject to status and lender approval.
Zero deposit car finance means you can start your agreement without paying an upfront deposit. Instead of putting a lump sum down at the beginning, the full amount is spread across your fixed monthly payments. It's a popular choice if you'd rather keep your savings intact, need a car quickly, or simply don't have a deposit ready right now.
At LMC (London Motor Company) we work with a wide panel of reputable UK lenders, and many can arrange agreements with no deposit for the right applicant. Whether a no-deposit deal is available — and on what terms — depends on your circumstances and the lender's assessment, so the best first step is a quick, no-obligation eligibility check.
Fill in our short online form. It runs a soft search that shows what you're likely to be offered without affecting your credit score.
We look across our lender panel for an agreement that can be set up with £0 down and a monthly payment that fits your budget.
We explain the monthly payment, term and total cost clearly — so you know exactly what a no-deposit deal means for you.
Pick from our quality used cars in Essex and, once approved, get on the road without a deposit.
You keep your savings for other things, you can get on the road sooner, and you don't have to wait until you've saved a lump sum. For many buyers it's the difference between getting a car now and waiting months.
Because you're borrowing the full price, the amount financed — and therefore the monthly payment and total interest — will be a little higher than if you'd put a deposit down. We'll always show you both so you can compare and choose what suits you.
Possibly. A no-deposit agreement and a less-than-perfect credit history aren't mutually exclusive — but because there's no deposit reducing the amount borrowed, lenders look especially closely at affordability. Our panel includes specialist lenders who consider poor or limited credit, so it's well worth checking. If you'd like to read more, see our dedicated bad credit car finance page.
Spread the full cost over fixed monthly payments and own the car at the end. Zero-deposit HP is straightforward and the most common no-deposit choice. More about HP finance →
Lower monthly payments with an optional final payment if you want to keep the car. No-deposit PCP can be available depending on the lender. More about PCP finance →
Usually a little. Because you're financing the full price rather than reducing it with a deposit, the amount borrowed is higher, so the monthly payment and total interest are slightly greater than an equivalent deal with a deposit. We'll show you both so you can decide what's right for you.
With a genuine zero-deposit agreement there's no deposit to pay to start the finance. You'll want to budget for the usual running costs — road tax and insurance — but the finance itself can begin without money down, subject to lender approval.
No. Our initial eligibility check is a soft search that leaves no mark on your credit file. A full credit search only happens once you choose to proceed with a formal application.
Yes. If you have a car to trade in, its value can act as your deposit — or you can simply take the no-deposit route and keep things separate. We're happy to value your current car either way.
With HP you pay off the whole balance over the term and own the car at the end. With PCP the monthly payments are lower because part of the value is deferred to an optional final payment, which you pay if you want to keep the car. Both can be arranged with no deposit, subject to status.
Check your eligibility online in a couple of minutes with no impact on your credit score, or talk to our team about a no-deposit option.
LMC Cars Ltd is authorised and regulated by the Financial Conduct Authority (FRN 668759). We are a credit broker, not a lender, and can introduce you to a limited number of lenders who may be able to finance your purchase. We will only introduce you to these selected lenders and may receive a commission for doing so, which may be a fixed amount or a percentage of the amount you borrow; you have the right to request the amount of any commission. Finance is subject to status and affordability. Applicants must be 18 or over and UK residents. Terms and conditions apply. You may be able to obtain finance from other lenders and are encouraged to seek alternative quotations.