I recently took out a car loan through no deposit car deals, so I can share my experience. At first glance, everything sounds very attractive: no down payments, fast approval times, flexible terms. But as you rightly noted, you always need to be attentive to details. I will say right away that this service turned out to be quite convenient for me, but there were some points that should have been clarified in advance. Firstly, as I understand it, CarFinanceMax works with clients with different credit histories, so the rate actually depends on your rating. I did not have the best credit history, and the rate on my loan was 17%. This, of course, is not that much for a car loan, considering that many banks offer rates of 18-20% for people with a bad credit history. But, on the other hand, if I had a good credit rating, the rate could have been much lower. The registration process itself was quite fast. I filled out an application on the website, attached all the necessary documents, and received preliminary approval in a couple of hours. This significantly sped up the process, because in regular banks I often waited for several days, and here - everything literally in a few hours. However, you need to remember that even with quick approval, you still need to go through the full registration process, which includes signing all the documents and checking your solvency.
