Bad credit car lease

We are able to look at the entire range of applications from someone who may simply have a slow payment history such as not having their credit card paid by direct debit and so have been late a few months right upto an applicant who has been bankrupt. We operate with specialist lenders whose sole market is the Non Prime sector and so this means that our systems are fully able to underwrite proposals from customers who have already been refused approval from a mainstream lender or bank and are searching for a lender who will look at the case based upon current circumstances.

As with any finance application you will need provide a proposal form with your basic details on and from this we can usually get a very good indication on how the application looks. To support your case you will need to usually provide us with some identification in the form of drivers licence and passport and also two months bank statements or payslips. You will always be required to pay an initial payment when commencing a vehicle lease and currently this is around 4 times the monthly payment. Once you have been accepted for the funding all we need to do is help you decide on the model of vehicle and if you are happy with the quote the car can be delivered as soon as you return the finance documents.

Put simply you are able to have any car that is available. In order for a vehicle to be placed upon a contract hire lease deal it needs to be what is called VAT qualifying so this usually means either brand new, pre registered or a vehicle that has been first registered by a business as opposed to a personal customer. Our experienced leasing consultants are on hand to advise you on making your selection and so you can be rest assured that you will be driving the car of your choice.

A County court judgement is usually entered when a finance account has been defaulted on – or several monthly payments missed or delayed. At MSG Cars a CCJ isn’t an issue for the type of funding that we can arrange and so is something we can deal with. Often it will also depend on other factors too such as how recent the Judgement was for example or how many there have been. If it was last week it might appear that the applicant is very much having debt problems and being responsible lenders that might mean the case is harder to get passed but at the same time ALL factors will be looked at such as other accounts held and even your traceability at the home address so please fill in an application today.

We can usually get an instant decision for customers once an application form has been filled in and from there it is simply the case of choosing the vehicle that you would like and accepting the quote. Recently we have seen deals completed in less than 3 days time from the very start to the customer driving off the forecourt but to be safe we like to advise 5 – 7 working days.

The lowest price vehicle will be around the size of a Vauxhall Corsa or Fiesta and cost approx £180 – £250 per month depending on the model. It depends on your tastes though as we can offer any vehicle upto 7 years old using all of our funding methods so something like a brand new Ford Focus Eco Boost would be around £400 and premium models like the Audi A5 anything upto £650 for a year old model.

With all of our current Car Leasing and outright Finance lenders you will have to contribute some form of deposit or initial payment – either by way of cash or your existing car as part exchange. This amount on most cases works out at around four times the monthly repayment amount as a minimum but on applications with a better credit score we can offer a reduced amount of £600. The higher the deposit amount though – the lower your monthly payment will be!

Of course you should! If you have read through the FAQ section and make the basic requirements for applying then please do. MSG Cars operate entirely in the Sub Prime sector and what you need to remember is that companies found on the Internet such as Nationwide Vehicle Contracts, Lings and First vehicle Leasing etc all deal only with your standard finance companies. Once your proposal has been sent to them – rarely do they hold back and not send to their lenders even if you tell them you have had some poor credit as its just their business model. Some cases may get approved you see but most will fall flat and all that happens is that the customer has gotten their hopes dashed and left feeling frustrated. The high volume lease companies simply move onto the next enquiry in a production line sort of way. Whereas our systems are integrated with the right type of lenders for poor credit meaning we don’t waste anyone’s time – let alone our own.