No Deposit – This means that you are not required to make a payment when signing your contract. You can if you wish make a deposit payment, this will reduce the time taken to repay any funding facility offered and where a funding facility has interest attached, paying a deposit will reduce the amount of interest paid.
Buy Now Pay Later – With this option the balance of the contract is deferred for a period of time. During the deferral period you can if you wish, although you are not required, make payments to reduce the balance. If you repay all of the balance by the end of the deferral period, you will pay no interest or fees. However, if you fail to repay all of the balance by the end of the deferral period you will incur interest which will be backdated to the date your agreement commenced and potentially fees.