How much will the deposit be?

How much will the deposit be?

This will depend on your specific application. For car leasing or PCP, it is likely to be the equivalent of 3 months of payments and could be as much as 12 months depending on your credit profile.  You can choose to pay a larger deposit in order to reduce your monthly payments. With hire purchase or a personal loan the deposit is usually equivalent to 10% of the total amount borrowed, but can be up to 20% or more.

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