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CW Asset Finance | Vehicle & Equipment Finance Yorkshire

← All finance questions

Can I get asset finance with no deposit?

It is possible in some cases, but it is not available to everyone and it is not something we can promise in advance. No-deposit agreements tend to be offered to businesses with a reasonable trading record and a clean payment history, buying an asset the lender is comfortable with. The lender decides, based on your circumstances.

Where a nil-deposit facility is available, it preserves working capital, which matters if cash is needed elsewhere in the business. The trade-off is that you are financing the full cost, so the monthly payment and the total amount repayable are higher than they would be with a contribution.

Cases that are less likely to get a nil-deposit outcome include start-ups, sole traders with limited history, businesses with recent adverse credit, and purchases of older or niche equipment. In those situations a deposit is often the thing that makes the deal work at all.

You can read more on our no deposit asset finance page. Any figure we quote before an application is indicative, and the final terms come from the lender.

Thinking about it for your own business?

Tell us what you are looking to fund and we will search our panel of 60+ lenders. No credit search at this stage, and indicative decisions in as little as 24 hours.

CW Asset Finance is a credit broker, not a lender. Finance is subject to status and lender approval.