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Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
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Edwin Miles. Underwriting Manager

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What percentage deposit must I put down for a car loan?

I'm looking for a car loan and am wondering what percentage deposit i must place down. Please help!

Posted by stuart on


Hi Stuart, it all depends upon the lender you get accepted with. Most lenders we deal with don't require a deposit to be placed into the deal which is obviously good news. However, placing as much deposit in as possible will reduce your monthly finance repayments and the interest you'll pay back.

Please make an application and once approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Edwin

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