You can choose to pay as much, or as little, as you like. But some lenders may need a certain amount as a minimum.
The size of the deposit you put down will vary depending on how much you choose to pay and the type of finance you apply for.
For example:
-
PCP (Personal Contract Purchase) agreements offer low monthly payments and a lower, more affordable deposit at the start
-
HP (Hire Purchase) and CS (Conditional Sale) finance, you may choose to pay a higher deposit to reduce the amount you pay monthly