Cash deposit
Money you put in at the start. You can try different amounts in the calculator or deal builder.
Can you get car finance with no deposit?
A deposit is money you put towards the car at the start. Some customers want to put down as little as possible. That can change how much you finance and the estimated monthly payment. It is not a promise that every vehicle is available with £0 down.
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What “no deposit” means
No deposit means you would put £0 cash towards the vehicle at the start of the agreement. The amount financed is then closer to the cash price, after any part-exchange equity.
Eligibility lets you say how much you could put towards a deposit, including £0. You can change that later when you build a deal.
How a deposit changes the picture
A higher deposit usually reduces the amount financed and can lower the estimated monthly payment. A lower deposit does the opposite.
Part-exchange equity can be used towards the deposit. That uses Oakwood’s existing valuation journey — it is not a second calculator.
Eligibility still comes first
Check eligibility to see a personalised finance profile, including how much you may be able to finance. That uses a soft search and is not an application.
Some vehicles still need more deposit if the amount to finance is above your maximum advance or other finance rules. In that case we show the gap rather than stretching the term automatically.
Deposit, equity and monthly payments
Part-exchange equity
If your current car is worth more than any settlement figure, that equity can be added to the deposit.
Amount financed
Vehicle price minus total deposit, plus any amounts the provider includes in the advance. This drives the estimated monthly payment.
Frequently asked questions
Can I get a car without paying a deposit?
You can start eligibility with £0 deposit. That does not mean every vehicle will be available with no deposit. If the amount to finance is above your profile, you may need to add deposit or choose a lower-priced car.
Does a deposit change my monthly payment?
Yes. The deposit changes the amount financed, which changes the estimated monthly payment and total payable on the illustration.
Can part exchange replace a cash deposit?
Positive equity from part exchange can be used towards the deposit. The valuation is an estimate until the vehicle is inspected.
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