Do I Need to Put a Deposit Before a Loan?

the89er
the89er Posts: 19 Forumite
edited 7 December 2019 at 11:11PM in Motoring
My parents' maturity date is next January and they'd like to take out a loan to pay off the balloon.

Is a deposit required or is that only when they're getting another car?

They're PCP.

Thanks.

EDIT:
The loan in question would be from their car finance company.

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