A deposit reduces the amount you need to borrow. This can lower repayments and total borrowing costs, depending on the lender's offer.
However, keep enough savings available for running costs such as registration, repairs, tyres and insurance.
Compare several repayment examples before deciding what works for your circumstances.
A helpful reminder
← Back to all guidesThis is general information, not a personalised loan offer or financial recommendation. Loan features and eligibility depend on your circumstances and the lender.