If you’re looking to buy a car but don’t have savings for a deposit, no deposit car finance could be the solution. This guide explains how it works, who it’s for, and how you can get approved – even if you’re new to car finance or have a limited credit history.
No Deposit Car Finance:How to Buy a Car Without Upfront Costs (2025 Guide)
What Is No Deposit Car Finance?
No deposit car finance lets you purchase a vehicle without paying anything upfront. Instead of saving for a lump-sum down payment, you start with manageable monthly repayments.
This option is ideal for:
- First-time buyers who need a car now but haven’t built savings yet
- Individuals looking to upgrade their vehicle without dipping into emergency funds
- Families managing living expenses who still need reliable transport
In short: You drive away now, and pay over time.
How It Works
- Choose Your Vehicle – Select your preferred new or used car.
- Apply for Finance – Provide your income and employment details.
- Get Approved – Lenders assess your eligibility (credit history, income, etc.).
- Drive Away – Once approved, you take the car home with no upfront cost.
You’ll then make regular repayments (usually monthly) over the loan term, which can range from 12 to 84 months, depending on your budget and lender policy.
Benefits of No Deposit Car Finance
- No Upfront Costs: Drive your car without a large initial payment.
- Flexible Repayments: Choose a repayment term that fits your lifestyle.
- Faster Access: Get approved and on the road sooner.
- Improve Credit History: Consistent repayments can strengthen your credit profile.
Things to Consider
Before applying, it’s worth understanding:
- Higher Total Cost: You may pay more in interest without an upfront deposit.
- Credit Score Impact: Missed payments can affect future borrowing.
- Vehicle Value: Choose a car that holds its value to avoid negative equity.
Example Use Cases
- “I just got my first job and need a car for work — can I get a loan with no savings?”
- “I have good income but no cash upfront — can I still buy a new car?”
- “What are my options for no deposit car loans with bad credit?”
Yes — no deposit car finance can work for all of these scenarios, provided the applicant meets basic income and affordability requirements.
Streamlined
We have a highly streamlined pre-approval and settlement process.
Personalised
Personalised terms and repayments to suit your budget.
Proactive
Let us know your vehicle requirements and we will help with the search.
Obligation-free
All no deposit car loan applications are completely obligation free.
Why Choose Zoom Car Loans?
Zoom Car Loans is an Australian car finance specialist helping drivers secure no deposit car finance across a range of budgets and credit situations.
Here’s what sets Zoom apart:
- Access to a network of trusted lenders
- Options for new, used, and private sale vehicles
- Fast approvals — often within 24 hours
- Support for applicants with bad credit or self-employed income
Zoom’s team helps match you with the best lender for your needs, making car ownership simpler and stress-free.
Quick Snapshot
| Feature | Details |
|---|---|
| Deposit Required | None |
| Loan Terms | 1 to 7 years |
| Eligibility | Income verification required |
| Vehicle Options | New or used cars |
| Credit Options | Available for most credit profiles |
Ready to Apply?
If you’re asking “Can I really get a car loan with no deposit?” - the answer is yes.
Zoom Car Loans makes it possible to get approved quickly and drive away without upfront costs.
Learn more or apply now at Zoom Car Loans - No Deposit Car Finance
Start your journey to car ownership today - no savings required.
Step 1
Apply online in under 2 minutes
Apply online in under 2 minutes. We will then asses your application and give you a quick call to arrange pre-approval over the phone.
Step 2
We find you the best deal possible
After you receive your pre-approval, we work on your behalf to find you the best deal possible from one of over 30 lenders Australia wide. Once we do, we will send you the paperwork to finalise the application process.
Step 3
Once you’re approved, drive away happy!
Good news - the lender notifies us that you have been approved for the loan and within a couple of days, the loan amount is transferred directly to the dealership or person that you are purchasing the car from. This is called settlement and at this point, you drive away in your new car!
What our customers say
At Zoom we pride ourselves on our personalised and friendly customer service for clients looking for no deposit car finance. We also constantly seek feedback from our clients and are proud of our 2018 5 Star Gold Trusted Service Award, issued by Feefo. Here’s what some of our recent clients had to say.
Kathleen. O
NSW
“Polished, caring customer service – an amazing outcome! Professional, courteous, helpful, intelligent, patient, accommodating, kind - and ultimately successful in assisting me to secure the vehicle and terms I was looking for. Totally outstanding - customer service at its best.”
Dana. W
QLD
“I recently applied through Zoom and the process was fast and customer service great! It was easy and stress free and I will definitely go through them again when applying for a car loan!”
Timothy. P
QLD
'All staff were so helpful from start to finish. Shaun who did our loan was incredible. So efficient and kept us informed. We have had some financial problems in the past, but you didn't judge us on that. The whole process was so simple. We love our new car! Thank you so much! Will recommend you and use you again in the future! '
Tamekka. L
SA