At MSG Cars we dont make false promises and so we wont advise you that you are 100% Guaranteed to get approved. If you are looking for a Guaranteed Contract Hire car then its likely that you need to look for a long term car rental company and not a lease or finance provider such as MSG Cars. The reason being is that with our lenders – to get get approved there will be a credit search carried out and so for that reason it cant be guaranteed acceptance. This doesn’t mean that we don’t get customers with bad credit approved because that is all we do and this includes Bankruptcy and even mortgage arrears. So while a rental company will simply hand over the cars – for a price that is – lenders that operate by offering funding for the customer to buy the car of their choice work in a different way. The credit check isn’t carried out to see if the applicant has poor credit though major factors may influence decisions but the main things to be assessed are the voter roll trace or traceability of the customer. A strong profile and address history gives the lender some reassurance that the client wont just disappear off the face of the earth with the lenders vehicle and its not just the electoral roll as current and previous financial accounts will also show addresses also. Another reason why a company offering Guaranteed contract hire is likely to be one to be suspicious of is that if a customer has only very recently had serious bad debt such as a large CCJ or repossession then it isn’t really classed as responsible lending for the finance company involved to give that customer more credit as the likely hood is that they wont be able to repay.
