Minority Reporter Group

Hi! I was also recently looking for information on cars on pcp no deposit, so I can share my experience. I must say that I was also skeptical, because loans without a down payment may not be as profitable as it seems at first glance. But in practice, it turned out to be not so bad. The first thing that struck me was the really fast approval. I applied through their website over the weekend, and on Monday morning they called me and offered several options. The principle of operation is quite simple: everything depends on your credit history, income and the car you choose. That is, if you have a stable income and a good credit history, the chances of approval are higher, even if you are not ready to pay a down payment. In my case, the application was approved in a few hours, without any additional documents, only a passport and a certificate of income. As for interest rates, yes, they can be higher than those of traditional loans with a down payment. For example, I was offered a rate of about 14-15% per annum, which at that time was a little more than in banks. But this is quite understandable - a loan without a deposit will always be a little more expensive. However, when I calculated the general conditions, I realized that the overpayment is not that big, if you take into account flexible payment plans. At CarFinanceMax, you can choose a loan term from 1 year to 5 years. I chose 3 years, so as not to overpay too much and not to clog the budget with large monthly payments.