For those who are unable to cover an upfront cost, like a 10% deposit, for a vehicle that they want to buy, options like Hire Purchase with a deposit and Personal Contract Purchase, are usually not viable. One option that can be considered, is Zero Deposit Vehicle Finance, which enables customers to forgo the deposit, and pay for the vehicle over a set period of time, usually 3 or 4 years; costs are, therefore, spread out to be more affordable, and are paid on a monthly basis. Whilst you pay more for spreading the cost, it allows you to drive your vehicle away, without having to fork anything out until your first monthly payment, which is usually a month after you purchase your vehicle.
Usually, customers are required to have a good credit score and affordability, and are therefore subject to a credit check with the lender. However, we do have sub-prime lenders, who will consider this finance option for customers with less than desirable credit, on a case by case basis. Please see our Bad Credit Finance page for further information.
