Listed: all of the manufacturer-backed no deposit 0% APR car finance deals

  • No money down, no interest charges
  • Rare to find deals
  • You'll need a good credit rating

2020 Vauxhall Insignia Grand Sport

Car sales are down 90% year on year according to the latest figures. This, in other words, is a very scary time for the British car industry.

But now showrooms are back up and running, car manufacturers are hoping to hit the ground running with some enticing car deals aimed at reeling the car buying public back.

A common one at the moment is the offer of not having to pay anything for the first three-months. Audi, Skoda, Vauxhall, Dacia and Renault are just some of the carmakers opting for this.

Most of these have a slightly higher APR rate attached. However, some combine a 0% finance deal with a no deposit one.

This means there's nothing to pay for the first three-months, plus you won't be charged any money for spreading the payments out.

Generally dealers are less likely to give out 0% APR deals with no deposit because it takes them longer to get their money back. However, at times like these, deals need to be made.

Do bear in mind a couple of things when it comes to a deal offering no deposit 0% car finance:

You'll need a good credit rating to be accepted. By paying no deposit you're effectively increasing the money you're borrowing. And lenders see people borrowing large sums of money with low credit ratings as a risk.

Don't expect too much in terms of variety. The market is rife with different deals at the moment, but no deposit 0% car finance offers are rare because they're combining two of the most popular types of deals.

>> Skip to all of the no deposit 0% car finance deals

What does no deposit mean? 

No deposit is a pretty easy thing to get your head around. It means there's nothing to pay up front.

One way you might see this expressed is via a deposit contribution. These are sums of money carmakers or dealers (or on occasion, both) stump up towards a car finance agreement.

One example of this is with a BMW 5-Series. BMW regularly offers deposit contributions of around £5,000, bringing the deposit of a 5-Series down to something like £6,000.

It's usually shown like this:

Your deposit: £6,000
Our deposit contribution: £5,000
Total deposit: £11,000

One way in which a dealer might offer a no deposit deal is by providing a deposit contribution big enough to cover the entire deposit.

What is 0% car finance?

A 0% APR car finance deal allows customers to spread the price of a car over a number of years, divided into set monthly payments, with no additional charges.

It's basically like taking out a loan but without any interest fees added.

Generally 0% APR deals are available on Personal Contract Purchase (PCP) and Hire Purchase (HP) style agreements.

0% finance on used cars with no deposit

Throughout this article we're referring to new car sales, and the deals below are for new cars too.

0% finance with no deposit on used cars is available, but in some instances, it isn't quite the bargain it seems.

Instead of the seller charging money in the form of interest, they simply increase the total price to cover the money they would have made from APR.

An example: If you bought a car from a dealer for £10,000 on a Hire Purchase style agreement with a 5% APR rate, you would pay in total £10,500 over the course of the agreement (assuming for ease that the agreement is over 12 months). £10,000 for the car, and £500 in interest.

Some of these used car 0% finance schemes allow you to skip the deposit. But then the dealer simply adds that £500 worth of interest on to the cash price of the car.

No deposit 0% car finance car finance deals: Full list

Looking to buy a car with no deposit? These are the latest deals:*


Renault no deposit 0% APR car finance deals

2020 Renault Clio

Renault is our current Parkers new car finance award winner for 2020, and with deals like these, it's easy to see why.

The Clio, Captur, and Kadjar are all available in this scheme, which Renault calls Drive Now Pay Later. It enables buyers to put down no deposit, defer the first three monthly payments, while also offering 0% APR agreements.

Renault Clio no deposit 0% car finance

Renault Captur no deposit 0% car finance

Renault Kadjar no deposit 0% car finance

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Suzuki no deposit 0% APR car finance deals

2019 Suzuki Swift

To celebrate the introduction of Suzuki's new mild hybrid engine range, every model (well, except for the Jimny SUV) is available with 0% APR and £0 deposit. The deals aren't too restrictive either - they're available on 25, 37, and 49 month contracts.

Suzuki Swift Sport no deposit 0% car finance

Suzuki Swift no deposit 0% car finance

Suzuki Ignis no deposit 0% car finance

Suzuki Vitara no deposit 0% car finance

Suzuki S-Cross no deposit 0% car finance

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Vauxhall no deposit 0% car finance

2020 Vauxhall Corsa

Vauxhall is well known for its deal making abilities, and this one's a stonker. The British company is combining 0% APR over a four-year PCP agreement with no money down.

There's also the option of taking a three-month payment holiday at the start of the agreement. Plus, there's a job loss payment waiver. This allows customers to waive up to six monthly payments if they suffer an involuntary redundancy.

Vauxhall Astra no deposit 0% car finance

Vauxhall Corsa no deposit 0% car finance

Vauxhall Crossland X no deposit 0% car finance

Vauxhall Grandland X no deposit 0% car finance

Vauxhall Insignia Grand Sport no deposit 0% car finance

Vauxhall Combo Life no deposit 0% car finance

Vauxhall Vivaro Life no deposit 0% car finance

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Further reading:

>> No deposit car finance deals

>> No deposit car leasing

>> 0% APR car deals

>> The best new car deals

>> The best electric cars to lease

>> The best hybrid cars to lease