<p>I just recently applied for a car loan through cheap car finance 0 deposit, so I can share my experience. First of all, yes, indeed, this is an interesting and quite convenient scheme. The main feature is that you do not need to pay a down payment, which, as you rightly noted, looks too good to be true. But, in fact, everything is not so scary. The application process is very simple: I filled out a form on the website, indicated all my data, and also attached the necessary documents, such as a copy of my passport, TIN and proof of income. My credit history is not perfect, so I was worried that I would be rejected, but surprisingly everything went smoothly. The approval came very quickly – literally in a couple of hours. This, of course, is impressive, because in regular banks you have to wait several days or more. As for the interest rate, it all depends on your financial situation and credit history. In my case, the rate was 18%, which, in my opinion, is not that much for a car loan. Yes, of course, these are not the best terms, if compared to the offers of some banks, but considering that I did not have to make a down payment, it was quite acceptable. If you have a good credit history, the rate may be lower, but they make it so that the rates depend on your situation. But here are some things to consider that are not immediately mentioned on the site: firstly, you will also need to take out insurance for the car, which increases the cost of the loan. This is not a hidden fee, but still needs to be taken into account in the calculation. Secondly, if you decide to repay the loan early, you will still have to pay a certain fee. Again, this is normal practice for car loans, but it is worth paying attention.</p>