Yes. Lenders may lend up to 150% of the vehicles value for the right candidate.

WARNING: If you read this website, your chances of getting car finance with bad credit will dramatically improve.

Conversely, if you have adverse credit and you are buying a car that the financier isn't as favourable towards, or require more than the lender is willing to provide at that point, you might be required to put in a deposit.  If you have do not have cash in the bank this can cause further issues as you are now going to have to borrow from friends or family or a pay day lender at much higher interest rates. My advice to you if you are asked to put in a deposit because of the amount you wish to borrow would be to find a cheaper car. I never recommend borrowing on top of borrowing.


You may be able to get a loan for up to 150% of the car’s value, which will allow you to pay any fees and charges or insurances. This means you may be able to buy a car with no deposit, despite having impaired credit. This sort of loan will not be available to everyone, as it will depend on your credit history.