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Hello, forum members! Has anyone used CarFinanceMax to get a car loan without a deposit? I am interested in this option, but a little hesitant. Are there really many such offers without down payments and how quickly is approval? Are there any hidden fees or pitfalls? I would like to know how this works in practice, since it is always important to study everything in advance in such matters. How about interest rates, for example, or flexibility of terms? I would be grateful for any real examples.

I recently applied for a car loan through pcp no deposit, so I can share my experience. The issue of no deposit, of course, always raises doubts, but in practice everything seemed quite honest and transparent to me. Here are the main points that I would highlight: Application process: First, you fill out an online form, indicate information about your income, place of work and contact information. No complicated documents - minimal requirements, for example, proof of income. This is another plus, because as a freelancer, I also thought that I would not be able to get a loan if I did not have official employment. But it turned out that they also take into account unstable income, like that of freelancers or small business owners. Fast approval: When I applied, I literally received a preliminary approval in a couple of hours. This was a big surprise for me, since I always waited for an answer from banks for several days. They work quite quickly, and this was one of the factors that convinced me. But, of course, the final approval depends on your credit history and other factors. No down payment: This is probably the main question that interests everyone who is looking for a loan without a deposit. Well, yes, here you can really do without a significant down payment. Usually in car loans this requires from 10% to 20% of the cost of the car, but here I was offered an option without making this money. Of course, the conditions change a little - I chose a loan with higher interest than if I had paid some part of the cost of the car at once. But it is still much more profitable than, for example, waiting several months to save up for the down payment.

Interesting, thanks for the detailed story! By the way, I was always afraid to take a loan without a down payment, because I thought the conditions would be so strict that it was not worth the risk. But if everything is as transparent as you described, it might be worth a try. I wonder how they evaluate your credit history, and do you need any additional documents if you can not provide a regular proof of income?