Can I get Car Finance with No Deposit

If you’re ready to purchase your new car, the good news is that you don’t need to dip into your savings to do so. 

It may sound like a catch, however, here at Perrys we do offer car finance with no deposit, and it means what it says on the tin. 

You’ll be able to pick up your new car and drive away without paying any deposit up front. 

The only thing you need to bear in mind is that if you choose this option you will need to pay more money in the long run to pay your car back, with either higher monthly repayments or a longer loan period. 

Getting car finance with no deposit would ultimately depend on your status. There are two things that affect these criteria. First, credit score - this will vary depending on the credit agency you consult as some score you out of a low score, whereas others will score you out of a higher score. Secondly, banks preferences, some are comfortable lending over £10,000, whereas others only commit to a maximum of £5,000. 

Regardless, when you choose Perrys we will always give you our best deal working with our panel of lenders to secure it for you.

 

Written by Lois | 1 min read
13 Jun 2022

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