Key highlights
- No-deposit finance may fund the full purchase price
- Keep working capital in the business, not tied up upfront
- Clean credit and strong resale value improve your chances
- Financing the full amount raises total repayments
- Ask Simon for an obligation-free, no-impact quote
Putting a large deposit down can strain cash flow, especially when you would rather keep working capital in the business. No-deposit car finance may allow eligible applicants to finance the full purchase price. Overdrive helps you find lenders open to this approach.
How does no-deposit car finance work?
With no-deposit finance, the lender funds the vehicle without requiring an upfront cash contribution from you. Approval depends on factors like your credit profile, ABN age and the vehicle itself, and availability is subject to lender criteria.
What strengthens a no-deposit application?
A clean credit history, an established business and a vehicle with strong resale value can all improve your chances of no-deposit approval. Some lenders may prefer a deposit or use property as security, which is where comparing the panel helps.
What are the trade-offs of no deposit?
Financing the full amount means borrowing more, which can affect your total repayments over the term. It is worth considering the overall cost, and checking with your accountant or registered tax adviser about how the arrangement fits your business.
Overdrive can check which lenders may offer no-deposit finance for your situation. Ask Simon for an obligation-free quote, a soft check that won't affect your credit score, and take the next step today.
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