Guaranteed Car Leasing from MSG Cars
In the day and age of quick consumer finance and instant pay day loans a question that we are often asked is – Do you supply a Bad Credit Car Lease? In the short – there isn’t anything that’s Guaranteed apart from Birth, Death and Taxes and so we wont start to make incorrect statements such as that. What we can assure you is that if there is a company in the UK that is in the best position to offer our customers a financial solution to driving a new car – be in Leasing, Non Status Contract hire. Car Loan or Finance then its us! To have the greatest choice of which vehicle you are driving there will always be a credit search carried out and so you should be cautious of those websites that propose otherwise because realistically who would really want to risk there Businesses money on a customer who they are unable to confirm the identity or address history of. A number of the Bad Credit Car Lease companies that we operate alongside will be very flexible in regards the information that they are looking at on your profile and the main factor is usually Voters Roll trace to ensure that you are who you say you are. If there is too much recent Bad Credit this will also set alarm bells ringing so to ensure you have the very best chance of getting approved its best to try to limit the ongoing adverse you might be experiencing.While acceptance cant be promised we can also give you the best advice in relation to your personal circumstances to get you approved with one of our funders.
Do i need a deposit?
One of the biggest reasons that customers cant proceed is that they don’t have any form of deposit and so this means that we cant even send the application to the underwriters as we wouldn’t want to give you false hope or add another footprint to your credit file – however the great news is that we can now complete deals for the low deposit amount of £600. If you have a current vehicle then this can often be used as a part exchange or at the very last sold on to use the funds released.Its also a good idea to not have a high number of credit searches carried out either as this can reduce an already low rating even further and take it beyond even our Non Prime criteria. It can be tempting to complete many applications -especially when online as it only takes a few minutes but this also opens you up to potentially be relieved of your cash by companies that aren’t necessarily what they seem. The Bad Credit market is very attractive to many other companies that don’t actually have anything to do with cars such as Debt Management, IVA, Payday loan, Secured Loan and even Fee charging loan brokers. Stories told by our customers include being informed by online ‘finance’ companies that they are approved and need to pay an approval fee but then later being told this really means they have 6 months to find them an approval. At MSG Cars we only deal with Cars and if we don’t get a customer into a vehicle then we don’t get paid – simple.
What do i do next?
To proceed with an application or to simply see if we can get you a credit line for non status car leasing all we need is that you fill in one of our online application forms and the great majority of time we will get an instant decision. Your dedicated consultant will then be in touch to explain the full operation but the basic requirements are clear copies of drivers licence and passport along with two months proof of income. Dependent upon the level of approval your case gets the variety of cars offered can range from any car upto 7 years old with a UK dealership to a restricted of models with a short term leasing supplier we use.
Common FAQ’S for Sub Prime Car Leasing
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.
With all cases we require basic items to allow payout on the purchase and this includes a copy of the drivers licence, passport and two months salary. On occasions where the ID doesn\’t match the proposal details we will have to provide supporting information so for reasons such as marriage we will need a marriage certificate to highlight the name change. Our consultants carry out this process each and every day and so are well placed to spot items such as this from the very start meaning there will be little delays for you when it comes to collecting your new motor.
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.
At present with all funding options that we can offer there will be a deposit or initial payment required and the amount depends on the level of approval granted depending on your credit profile. As a rule with our Lease deals you will be asked to contribute 4 months payments in advance on the 2, 3 or 4 year contracts.
With the Non Prime market you can still have a considerable say in which vehicle you would like but you will find that the variety of vehicles available are slightly less than typical funding routes. Car Leasing for Poor credit lenders will normally buy a car or van into stock for each customers and so tend to avoid those that might suffer great depreciation or be particularly specialist. Saying that we have found that the great majority of the time we can get the customer into something that they want to drive and not simply what the Leasing company wants them to have.
The lengths of the contract for non prime leasing begin at 12 months and will usually cost less per month the longer it is for upto 4 years in length. Short term contracts of a few months are normally the teritory of car hire companies and can cost a considerable amount!
With all Car Leasing deals you can expect the funder to pay for the road fund licence and you will normally receive this in the post when it is due.
No – it certainly doesn\’t. A debt management plan shows you are not afraid to tackle your debts and face the responsibility and on many cases we have seen a relatively high score for someone in such an arrangement. To our lenders this is common in all customers and is just then part of the whole picture. Each and every day we pre approve deals for those who may well have had problems in the past but are well and truly back on track.