Non status contract hire
Non status is a term that you may not have heard of before but put simply it means that a finance application is assessed without using the normal method of computerised credit scoring as found with the majority of banks, lenders, car leasing companies and dealerships. Whereas a standard mainstream lender uses data held by credit reference agencies and uses this to calculate a ‘score’ for your credit worthiness. The finance companies that MSG operate with use the human touch to proceedings and look at your proposal to see your current financial situation rather than penalising you for something that happened 4 years before. Non status contract hire works in exactly the same way as normal leasing in that you have a fixed length on contract and at the end you simply hand the vehicle back and are free to start again. Typically the best rates with a Non status contract hire agreement will be over 4 years rather than 3 and a whole variety of vehicles are available from brand new up to 4 years old. Road tax is included and you simply need to insure the car or van and drive it as though it was your own.
With more and more UK residents finding that they have been pigeon holed into being termed as having a poor credit score it often comes as a shock when normal routes are not available to them. Often it might be only when an existing lease arrangement is coming to an end that a person realises that something is showing on their credit report and often have a very short space of time to secure a necessary car for work purposes. Another example might be if a company changes its policy on company cars and then suddenly an employee is tasked with securing their own lease but cant! With the Non status contract hire route – MSG are able to help overcome the obstacles to obtaining finance acceptance so please call today to discuss further.
July 1st, 2009 at 6:53 pm
im looking for a small car to lease on a non statues contract.
im working full time as is my partner. i work in the oil industry
offshore. i would be very greatful if you could help me out..
thank you mark..