Home / Finance
There are a whole host of options to consider when looking for guaranteed car finance, non status contract hire, bad credit car leasing or a guaranteed car loan. When looking on the internet its likely that you have come across a number of sites making promises about offering you acceptance or approval for funding and we hope that we can offer excellent advice on all the issues at hand and help you come to a decision when looking for your new car. With many lenders they may require that you attend their car showrooms and then give you a choice of what limited stock they have in. With MSG Leasing you can order your car or van completely over the phone and the internet and your choice of new vehicle will be delivered to your home or work. We are not restricted by what stock we have available as we are able to secure the actual money to purchase your new motor and then can just go out an purchase from anywhere – even your local dealership. This gives you much more control over the decision even if you are labelled as sub-prime due to your credit score.Dont let any one try to push you into a car that you don’t really want just because you have experienced difficulties in obtaining credit previously.
One of the main finance options available to you is to take out a car leasing contract or Non status contract hire as it is also known. Even with bad credit his gives you the freedom to change you car every two years if need be and your road tax is taken car of. In the UK car leasing is an area that has seen a huge increase over the last few years time as more and more people have begun to realise that by taking out a car lease they avoid any depreciation associated with an outright purchase. At MSG we offer what is termed Non status contract hire or Non status car leasing whereby the finance companies we work with use your current financial situation rather than what your credit file shows. This is also described as bad credit car leasing. With many mainstream car leasing firms you will need to have an excellent credit score in this day and age so things like bad credit can cause you problems – more and more people are finding that they don’t fit the required calibre. This can be seen as guaranteed finance as we are highly confident that we can get you placed with any one of our many lenders in this area even if you have things like CCJ’s, Iva,defaults or bankruptcy on your score.
With our guaranteed car finance facility we are able to secure the car loan facility for you and then pay the funds direct to the car dealer. We can source the car or van for you through one of our many contacts or you can have a look yourself and locate a vehicle you would like. We then request from the finance company the amount of money we need and they will run a quote for us to confirm with you. If this all looks ok we then send your details over to the underwriters who will make sure the main lending criteria is met. This will involve making sure you are traceable at your property on the electoral roll for example – don’t panic if you are not on though as worst case we can get you to send over utility bills and the like.
A guaranteed car loan is available through MSG as we will obtain the exact amount that you wish to lend and just pay the dealer for you. The only real difference between this and standard car loans is that the lender will require that you pay what’s termed an initial payment before delivery. This is standard in the car leasing and contract hire industry and is usually set at 4 times the monthly amount. Once this is paid delivery can be made and one month later your direct debit repayment will start. A Guaranteed car loan is an excellent way for those with any bad credit or problems such as defaults, CCJ’s, IVA, bankruptcy or no credit rating to get the car of their choice.
