FAQ’s Non Status Funding

Currently with all funders we operate with you will NEED a deposit and this is typically £400. This can also be made up of a part exchange if required or even part car / part cash and the good news is that for some applicants they can walk away with funds from the dealer.

The great news with the way we operate is that in nearly all of our cases we can offer the customer the exact car that they seek. This means that you don’t even have to take a vehicle from MSG and can pick a motor from your local dealership for example and we will arrange payment. Our experienced consultants will look to help customers throughout the process and so if someone is struggling to locate the right car we can put our knowledge to the test and help source something for them.

The great majority of our applications once submitted on our website give us an instant finance or lease decision and so there is no waiting around for days upon end for a response. On average we give our new applicants a decision within the hour and will look to get in touch by phone, email and text message so you can be assured that we will be in touch or leave contact details for you to call back.

Yes – with any of our lenders a credit score will be carried out but please remember that the specialists that we operate alongside have a completely different set of criteria to that of the mainstream funders. While you may have experienced companies such as the Bank or Dealership finance looking at each and every credit mistake you might have made your application with us will be assessed by viewing the bigger picture. Also – a credit check helps to prevent fraud and confirms your identity along with correct address and so these are other factors that come into play.

The Non Prime market is our main area as a company and so put simply if we were unable to get customers approved we wouldn’t still be around in business! The finance companies we work alongside will look to accept customers even if they have had items such as Bankruptcy, Debt Management, Mortgage arrears and CCJ’s so while we cant offer Guaranteed Car Finance to every single person we can state that we believe we offer the very best chance to success and to also give you the chance to rebuild your credit rating.

As one of the biggest operators in the Sub Prime car funding market we are able to quickly and efficiently confirm with you if we can get you a credit line or lease deal approved. As an independent we are not tied to any one particular funder and so can also offer a variety of choices to our customers that covers the entire market. The Non Prime market can be a minefield for those who haven’t experienced it previously and so MSG Cars are proud to be able to assist our customers along every step of the way to get them the very best deals for their credit rating level. We have a number of excellent customers reviews on several independent review sites and you can be safe in the knowledge that you are coming to a company that does what they say and also provides a fast, professional service with a smile along the way!

With the majority of our funders we can offer vehicles upto 7 years old providing that the mileage is less than 70,000. Many customers make great savings by electing to have a pre owned or nearly new car so why don’t you?

Once you are approved all that is required is to settle on the vehicle that you want and we will email your finance documents to you to sign. The quickest we have completed a deal has been within 24 hours but to avoid disappointment its best to use 5-7 days as a guideline.

The main details for your decision are based upon the online application form and the only other items that are required are a copy of your UK Passport or Birth certificate, Drivers licence and 2 months proof of income such as Bank statements or payslips.

All vehicles funded through MSG Cars need to be from recognised dealerships that hold a consumer credit licence. At present we cannot offer contracts on private sale vehicles whatsoever. In our opinion this is a good thing as you are typically well protected with a Dealer purchase and the likelihood of you being able to contact them should anything go wrong with the vehicle is much greater.

Providing that the contract that you enter into is a hire purchase deal – which the great majority of customers elect for then you will own your vehicle fully at the end of the agreement. Most customers choose 4 year terms with some stretching it over 5 but there are no final payments to make at the end and you will have paid it in full.

If your vehicle is purchased through a Hire purchase deal which is your standard car finance option then any service or maintenance is down to you to arrange and pay for. Think of your contract the same as a Car Loan in that it is your purchase and so you have the responsibility. With a Car Lease deal it might be the case that the Servicing and Maintenance is actually included depending upon the lender involved but we will make you aware of this from the outset. There are many aftermarket providers that can offer the ability to add this type of cover to your vehicle for a monthly payment and it could well be worth requesting a quote for this – especially if you are planning on driving high mileage