Borrowing 100% of the purchase price of a car can be referred to as a no deposit car loan. Many car buyers don’t want to use their existing cash reserves on a deposit and with interest rates so low on loans, it can make a lot of sense to borrow 100% of the purchase price of the vehicle. If that is your preference, you can apply for 100% of the purchase price in your loan. But with all loans treated on an individual basis, the outcome will depend on your loan application and in particular your credit profile. This is very often achievable for new cars but used cars may be assessed by lenders in regard to age and condition. If the ratio of purchase price to valuation of the vehicle does not meet the lender guidelines, they may request a deposit be paid to reduce the overall loan amount.