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Bad credit car leasing & Guaranteed car loan - finance
If you have found out website then it is likely that you may have been declined or turned down for credit with one of the high street funders or pehaps have tried to obtain car finance or car loan and you dont quite meet the finance companies criteria. Bad credit car leasing is an alternative for many UK motorists these days as it will allow you to still drive the car of your choice even if you have suffered with previous bad credit or have a credit score that is just under the funders required level. Here at MSG car leasing we are fully able to offer you non status contract hire – even if you have had massive difficulties in finding someone to approve you previously. We wouldn’t waste our time saying it if we genuinely didn’t believe that we can actually provide the service that we offer. Many of our existing customer have a huges range of reasons for choosing to take out a car lease agreement through us and they vary from just a few missed payments on credit cards or loans to being discharged bankrupts.
The reason we are confident that we can help get you not just any but the actual make,model and colour that you desire is that we have excellent relationships with a number of specialist funders that have a considerably different lending approach compared to the highly cautious banks and car leasing firms. Even if you have adverse information showing it wont make any difference to their decision and we have underwritten 99% of all applications we put through (i actually think it is 100% but you wouldn’t believe me!). Put simply if you take out a Bad credit car leasing contract hire then you will have a fixed number of payments over either 3 years or sometimes 4 depending on who you are placed with. Road tax is always included and you just need to insure your car or van as normal. We also have the option to take the vehicle over 5 years and then it is owned by you at the end – so do give us a call to talk through your options.
Just because you have poor credit you dont need to be pushed into taking a vehicle that you dont want. With MSG you can select any UK make or model and we will be able to give you a confirmed monthly price. We can actually obtain the money from the finance company to buy your vehicle ourselves so are free to use this to our advantage to get you the best price for the car. You are even able to find the vehicle yourselves and we will arrange payment – its as simple as that.
One of the major reasons that we see to take out a bad credit leasing offer on your new motor is the fact that you dont need to worry about what its future value is going to be. You have an agreed monthly amount to make and that is all you need to be aware of. With bad credit leasing you still have the choice of which car to go for and wont be pushed into taking something you dont like. At the end of the contract the car is simply collected from you and you are free to order a new model.
Many of our customers have a number of reasons for using our services and some of the main ones are;
Missed or late payments on their credit file resulting in declined finance applications from main stream lenders. This is very common and especially during the current financial problems many Banks and lenders are experiencing as they look to halt any possible ‘bad debts’ by accepting only the very best of credit ratings as they are lower risk to their business. Missed payments are very common as it is very easy to do and doesn’t necessarily mean that the account holder is struggling to keep up repayments but will flag up on the credit file as a potential high risk.
Problems associated with divorce or separation. In circumstances such as these payments may stop due to financial difficulties resulting from the loss of half the household income or one partner stopping to repay a joint application for example. This is a major factor in causing Bad credit to show up on customers credit files and is very difficult to prevent.
Company car schemes ending. This again is very common as companies look to reduce outgoings to save money. This means that if an employee has a poor credit rating then they may struggle to line up a replacement vehicle for when their car is handed back to the company. We have many customers that have been put in this situation and it can be very distressing especially if the job involves a lot of travel. At MSG we are more than able to offer Bad credit car leasing as a suitable alternative to a company car scheme and more often than not are able to offer a similar vehicle at a price that is not too much more than what a Prime customer would be paying.
No credit rating! Yes – crazy as it seems lenders will also reject your application if you have had too little finance and your credit file shows very little. This is a result of them not having enough data to make their decisions on but do not panic if this is you as MSG can help no problem.
