I just recently applied for a car loan through
zero deposit pcp, and I can share my experience. When I first saw their offer, I also thought it was too good to be true, but after going through the whole process, I can say that it really works as promised. The first thing worth noting is the speed of the process. I left an application on the website and literally a few minutes later they called me back with an offer. It took only a few hours to check the data and make a decision, which, frankly, was a big plus for me. In most banks, such processes can take several days or even a week, but here everything happened almost instantly. This was one of the key factors that attracted me. Now about the loan itself. Yes, indeed, they offer a car loan without a deposit, which is a big plus for those who do not have money for a down payment. But, as with any such offer, the rate will be slightly higher than if you pay a deposit. This is quite reasonable, and I was ready for it. In practice, the rate was not that high, especially considering the flexible payment terms they offer. What I liked was the ability to choose a convenient repayment plan. I could choose a term from 1 to 5 years, with monthly payments that were quite within my means. I did not want to take out a loan for a long period, so I chose 3 years. The payments were not too large, and this was also an important point. They even offered an early repayment option without penalties, which was also quite advantageous.