bad credit car finance no deposit socialmotors

Bad credit car finance no deposit


When looking to get accepted for a 0% deposit car finance deal, our lenders will perform a search of your credit file to determine whether they will be able to offer you a credit limit. The lender will the determine what interest rate you will be charged and what the monthly repayments will be and whether you are eligible for a 0% deposit car finance loan.

When you apply for no deposit car finance with Socialmotors, you will obtain the best rate of finance for your personal circumstances. We only use trusted dealerships that we have very close relationships with, giving you access to thousands of high quality vehicles all approved by Socialmotors. So you can rest assured you will get the right deal at the right price, For a personal no obligation quote apply now or call us on 01513639595.

We specialise in obtaining car finance deals for all credit profiles, good, bad or indifferent. Even if you have been refused a car loan in the past due to your credit history, missed payments, defaults or even an IVA and discharged bankrupt we may still be able to help.

Applying for car finance with bad credit and no deposit

Bad Credit Car Finance: Representative example.

Borrowing 7500 over 5 years with a representative APR of 27.4%, an annual interest rate of 33.9% and a deposit of £0.00, the amount payable would be: £277.50 a month, with a total cost of credit of £5,920.00 and a total amount payable of £13,320.00

Please note: The cost of credit overall may be higher for this type of facility.

Make an application online

Apply now or call us, one of our experienced advisors will take some basic details for our lenders to review. If approved you will be offered a credit limit for your new car.

Choose your car

Once you have your credit limit, one of our advisors will assist you in choosing your new car from our showroom – we have over 1000 vehicles available in group stock, at this stage you will be able to discuss your needs and establish the car you want.

Documents and Delivery

We will now prepare your new car for delivery and get it to you usually within 48 hours, giving you a free 12 month comprehensive warranty & 12 months MOT. Once your car arrives, if your happy you sign your finance documents.

Application Criteria

Do you meet the application criteria?

To be eligable for car finance all you need is to…

  • Be aged 18 or over
  • Hold a full UK/EU driving licence
  • Be UK resident for 3 years
  • Have a Full time, part time job, be self-employed
  • Not bankrupt

Please note: if your income is 100% benefits you must be in receipt of a high rate benefit like DLA or PIP to apply.

Help Centre

 Frequently Asked Questions

I’ve already been declined, can you help?

If you have a low, poor, bad credit, no credit score whatsoever or been refused for a car loan from other finance companies.. read more 

Can i trade in my old car?

Having a part exchange when buying a vehicle with Socialmotors is not a problem, as we will accept your old motor as a deposit.. read more

How to finance a car?

At Socialmotors, you can choose your new or used car finance – from over 40 thousand available in group stock.. read more

Can you help people with average credit?

Do you have a fair credit rating? If yes, there is a very good chance you will be able to be approved.. read more