It is possible to get a car loan without a deposit but you could potentially have to pay more in repayments and interest in the long run.
Paying a deposit not only saves you money over the course of the loan, it could speed up the approval process and increase your chances of being approved.
A car loan is generally taken out over a period of two to seven years, which is a long commitment. So the more you can afford to pay upfront, the less you’ll need to borrow. And that means your repayments will be more manageable in the future.