Can I get car finance with no deposit?
Yes, no deposit car finance is common in New Zealand. Many lenders cover the full car price, though a deposit can improve your rate.
You can absolutely get finance without a deposit. Many lenders on our panel offer no deposit car finance, funding the whole purchase price so you do not need cash up front.
Approval still depends on the usual things: your income, your credit history, and whether the repayments are affordable. Without a deposit you borrow more, so the lender looks a little more closely at affordability.
Keep in mind that borrowing the full amount means higher repayments and a higher total cost of credit. It can also put you in negative equity early on. Even a small deposit softens both.
We cannot guarantee approval, it depends on the lender and your situation, but we will find the lenders most likely to say yes. See no deposit car finance or get your fair rate.
See your repayments, then get a fair rate.
One application, one soft credit check, no obligation. We match you to the lender most likely to give you a fair go.