Car leasing is one of the areas of the motor industry in which more and more of the population are looking to fund their new car and van purchases. At MSG we are able to offer the benefit of leased vehicles to those who would normally struggle with the mainstream leasing companies. If you have ever applied for a car lease and been declined you will fully know that once one of these companies realise that they cant get your business they suddenly dont want to know and will very rarely point you in the right direction. The reasons for being declined can vary and is mentioned in some of the other articles on this website. For those who have what is generally termed as bad credit leasing agreements the only real differences between this and a standard car lease is the initial payment. With high street car leasing you will pay three times the monthly repayment amount before the car is delivered but with any bad credit leasing this increases to 4 times. This is seen as security by the finance company and covers your first months payment also. One month after the vehicle is delivered your direct debit for the regualr amount will commence.
The length of time that the car lease runs for will be either three or four years time and the annual mileage is typically agreed to be set at 15k a year. All cars will include road tax for every year of the agreement and will be supplied with the remainder of the manufacturers warranty also. Car leasing doesn’t mean that you have to choose only a narrow selection of vehicles either as you will be able to choose from any UK car or van. Just because the agreement is for bad credit leasing we can still offer you the choice – right down to the actual colour of the vehicle,the optional extras and even the wheels.If there is a car that you have seen – then we can fund it for you and set you up onto a contract hire agreement.With a bad credit car leasing contract you will usually find that in order to bring the on the road costs down we will source you a car from one of our dealerships.
Please be assured that even though high-street and typical finance companies would think it bad if you had a lower than avarage credit score or suffered with a CCJ,default,bankruptcy or IVA – we here at MSG will be able to offer you guaranteed approval on car leasing. Bad items such as those mentioned will only effect a normal application and our funders dont assess y0ur application in the same way because they only look at your present circumstances and if you can afford the payments. Please give us a call today to discuss further and one of our consultants will be happy to explain why things aren’t as bad as you may think.
