No Deposit Car Leasing

No deposit? No problem.

If you don't have or don't want to put down the money for a large upfront payment, we're glad to say that no deposit car leasing deals are here and they're here to stay.

Car leasing agreements used to require you to put down an initial payment of anything between 3 and 12 months, but they're a bit more flexible now.

And maybe you'd rather not put down a large initial payment anyway, but want that money handy to spend on . . . other things.

What It Is

In this case, no deposit = 1 month's payment upfront.

So you are actually paying something, but that's still better than 3, 6, 9, or 12 months' upfront, right?

Also, it's not a deposit in the normal sense as you don't get it back. Instead, it goes towards the car, just like your monthly payments.

What's the Catch?

No catch.

But like all other car leasing deals, you've got to pass a credit check in order to be accepted for a no deposit lease. A credit check is basically there to make sure you're trustworthy enough to pay the money back.

Which means in might be a tad stricter in this case, because you're essentially 'borrowing' more money since you're not putting down a deposit.

Good news is that a lot of lenders have slightly different ideas of what a 'good' credit score looks like and some may be more generous than others, so even if yours is rotten, you're still in with a shout!

Benefits of No Deposit Car Lease Deals

Low deposit: Duh . . .

Access to newer models: If you had to put down a 3 or 6-month deposit on a high-spec performance car, you might not have been able to afford it

Cash Flow Flexibility: You're not losing a large wad of cash in one go, meaning you'll have more of it available for other important things, like Nando's and shopping

What About Business?

Yep, plenty of no deposit deals on business car leases as well.

There's no big differences with these, except now it's going to be your company's credit rating that gets checked rather than your own personal one.

So as long as your company accounts are in good order, you should be good to go.

What Vehicles are Available With No Deposit?

The same vehicles that you'd get with a deposit. Saloons, hatchbacks, SUVs, you name it . . .

If electric is your thing, you can quickly jump to no deposit electric car lease deals.

You can also get no deposit van lease deals if that's more up your street.

Just be aware that even though no deposit lease deals are now very much in vogue, some leasing brokers have yet to 'catch up' with the trend, so the overall choice is slightly more limited.

LeaseLoco Personal & Business No Deposit Car Leasing

If all that sounds good, then you can start searching below, spec your car for your preferred deposit, mileage etc., then hit 'Get a quote' and you'll be in touch with our leasing partners.

FAQs

Can you lease a car with no deposit?

You can absolutely lease a car with no deposit. It's exactly the same as any other lease deal, only without that big lump sum at the start. Zero deposit leasing can be ideal if you can't or don't want to put down a large initial payment.

Can I lease a car with very poor credit?

No deposit car leasing with poor credit is possible, but it can be a little more difficult to get accepted. You may be asked to lower your 'risk' factor by providing a guarantor, for example. That's where someone else (usually a friend or a relative) agrees to pay on your behalf if you run into financial trouble.

How can I finance a car without a deposit?

Just like with any other car lease, you'll have to go through an affordability and credit check in order to be approved for no deposit car leasing deals. This may be a little more stringent than usual since you're essentially 'borrowing' more money by not putting down a deposit.