Is It Possible to Lease a Car for £150/Month with No Deposit in 2025?

Understanding £150/Month No Deposit Car Leasing in 2025

Leasing a brand-new car for £150 per month with no deposit in 2025 is uncommon. Most new car lease or finance agreements without a deposit generally start at a higher monthly payment — often between £200 to £250 or more.

• New car Personal Contract Purchase (PCP) deals without a deposit typically begin above £189 per month, often in the £220-£250 range for models like the Volkswagen Polo, Nissan Qashqai, and Vauxhall Corsa.
• Personal Contract Hire (PCH) leasing options around £150 per month usually require a deposit, making no-deposit options uncommon at this price.
• Used car PCP finance may provide no deposit agreements closer to £150 per month, usually for older or higher mileage cars.

Exact £150/month no deposit new car leasing options are infrequent in 2025. However, by including used vehicles or adjusting your budget modestly, more choices become available.

Types of Cars Available Around £150/Month Without a Deposit

Vehicles available to lease at approximately £150 per month without a deposit are often:

• Smaller, economical superminis and hatchbacks: Models like the Renault Clio, SEAT Ibiza, Vauxhall Corsa, Hyundai i10, Mazda 3, and Peugeot 2008 are common at this price range.
• Used or nearly new cars: Many no deposit deals near £150 involve pre-owned cars or those coming off previous PCP agreements. For example, Dacia Sandero models have been offered with no deposit near £189/month.
• Compact SUVs and family cars generally require higher monthly payments unless a deposit is provided upfront.

For instance, a Dacia Sandero 1.0 TCe can be available with zero deposit at around £189/month over 48 months, typically including a mileage allowance of 8,000 miles per year.

Overview of Leasing Types and Finance Options

Personal Contract Hire (PCH)

• Typically offers lower monthly payments.
• Usually requires some upfront deposit.
• The car is returned at the end of the lease term; no purchase option.
• £150/month no deposit PCH deals are limited but occasionally offered on older or lower-spec vehicles during promotions.

Personal Contract Purchase (PCP)

• Generally involves higher monthly payments than PCH but often includes no deposit options.
• At the end of the term (usually 2-5 years), you can choose to purchase the car by paying a final “balloon” payment or return it.
• No deposit PCP deals on new or nearly new cars generally start above £189/month in 2025.
• Used car PCP agreements may approach £150/month with no deposit.

PCP financing is a common no deposit option allowing flexible end-of-term decisions.

Costs and Financial Considerations

If opting for no deposit leasing around £150/month, consider:

• Monthly payments tend to be higher compared to deals with deposits, reflecting additional risk for the finance provider.
• APR rates on no deposit agreements often range around 13.3-13.4%, reflecting lender assessments of risk.
• Credit checks are an important factor; approval typically depends on credit score and income verification.
• A guarantor may be required if your credit history is limited.
• Mileage restrictions commonly apply (e.g., 8,000 miles per year) with charges for exceeding limits.
• A final balloon payment may apply to PCP agreements if you decide to purchase the vehicle after the lease term.

Tips for Finding a Car Lease at £150/Month with No Deposit

To explore no deposit leasing options close to £150/month in 2025, consider the following:

• Look at used or nearly new vehicles: Used car PCP finance appears more frequently near this budget without deposits.
• Increase your budget modestly: Raising your monthly budget to around £200 may offer additional no deposit new car choices.
• Check and improve your credit score: A stronger credit profile enhances chances of qualifying for no deposit deals and better finance terms.
• Consult FCA-authorised brokers: UK-based companies such as Prestige Car Lease Ltd offer a variety of no deposit leasing options. Review their offerings online or inquire for tailored information.
• Use online calculators: Websites like BuyaCar UK provide tools to simulate monthly payments with no deposit for current market options.
• Monitor promotions carefully: Leasing prices and deals may change, so reviewing updated offer pages can aid in identifying suitable agreements.

Recap of What £150/Month No Deposit Car Leasing Entails in 2025

• Genuine £150/month no deposit leasing options for brand new cars are scarce.
• Used car PCP deals may be found near this price point without an upfront deposit, often involving older or higher mileage vehicles.
• Slightly increasing your monthly budget to about £200 expands available choices.
• Leasing arrangements typically require good credit, income proof, and possibly guarantors when no deposit is involved.
• Vehicle options predominantly include small hatchbacks and superminis rather than larger SUVs or electric vehicles.
• Thoroughly evaluate offers, considering monthly payments, mileage allowances, APR, contract terms, and end-of-lease options.

By considering these factors and working with FCA-regulated brokers, you can identify affordable car leasing arrangements in 2025 that suit your financial situation, even without an initial deposit.

Sources

• Parkers: Best New Cars for £150 Per Month Lease and Finance Deals (2025)
• Prestige Car Lease UK: No Deposit Car Leasing Deals UK
• BuyaCar UK: 0 Deposit Car Finance Deals June 2025

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