Car leasing for a new start business
Car leasing for new start business is another option available to MSG customers and in current market conditions it is an area we expect to see considerable growth in. Many new start companies have the problem that they have no way to prove that they are able to produce a profit to be able to afford the monthly repayments. Mainstream finance companies and car leasing funders will normally require 2 years accounts before they will consider giving finance approval which is impossible if you have only just set the company up. Other factors that may mean that you suffer a decline decision in your application is if any of the directors or partners have any bad credit showing on their records with the credit reference agencies. Many business owners don’t realise that a finance company will still credit check the owners of the company even if it is very successful and making lots of profit. So this means a company that may have lots of capital in the bank will still be refused contract hire approval as the Directors credit rating will mean an instant decline.
Car leasing for new start business is very straight forward with MSG and even if you have no credit rating for the lenders to make their decision on we can still obtain the vehicle of your choice. This is possible even if the company has been trading a while and has had problems such as CCJ’s etc as we only need to show that the current situation will allow the payments to be affordable.
