How Does A Car Loan For Bad Credit Work?
If you are looking for a new or used car loan for bad credit then here at MSG Cars we are happy to say that we specialise in securing approvals for customers that are in the market for UK Car Loans but who are struggling to find any lenders willing to assist. A Bad Credit Car Loan will allow you to purchase the car of your choice from the dealership of your choice and we will do all the work. A decision can usually be granted instantly so theres no hanging around to see if you can have your new car or not as once your application is submitted online one of our adviser’s will be in touch straight away to inform you of your options.
Can I still get a Car Loan with Bankruptcy?
The answer is yes! The lenders we work with are Non Prime lenders so this means that we can arrange funding for all types of credit problems that includes not only Bankruptcy but also County Court Judgements – CCJ’s, IVA, Mortgage arrears, Defaults and even previous repossession. Don’t hesitate because you think you don’t stand a chance as every day we surprise customers by arranging their Car Loans for Bad Credit.The way that our Non Prime or Bad Credit finance companies operate is to look at your details in a way that takes in the whole picture and not just your credit score that Prime of main stream funders would do. Aspects such as your traceability through registers like the voters roll come into play and adverse information registered years ago is less likely to affect you that a more recent issue too.
Im Self Employed – can you help?
Unlike mainstream finance companies – the lenders we operate alongside wont penalise you for being Self Employed providing you can prove your income. From our experience over the years our customers that are self employed tend to have higher average wages than those in salaried positions and remember that this would be a category that applied to Business owners, Sole Traders, partnerships Small business owners and many more. Providing you have either a personal bank account, wage slips or a Non Limited Company bank account to supply as proof of earnings there is no problem.
Does my car have to come from a certain place?
As with any vehicle purchase it can sometimes be best to buy your car from a main dealership but providing the car you like is from an actual dealer and not a private seller then it will be fine. In todays motoring marketplace there are now many ‘Car Supermarkets’ that provide service levels and quality of cars that are the same or even greater than main franchised operations.
How long does it take for my Car Loan to be completed?
From the minute you enter your proposal details on our website – one of our experienced consultants will be allocated your case and contact will be made usually within a few hours. You will always have a point of contact with which to refer to with any questions or concerns and we pride ourselves on the very best customer satisfaction – check out our testimonials! There will usually be some additional bits required once approved and this is based around 2 months proof of income, Drivers licence and Passport. All that is left is to provide you with a quote on your selected vehicle if you have one already and if not we can help you due to our years of experience in sourcing the very best priced New and Used options. Finance documents will then be emailed to you to check over and sign and these will highlight the monthly repayments and the amount of deposit required to pay. The Car Loan will be completed once the signed copies are sent back to us and that’s it! In theory a deal can be completed in less that 24 hours.
What areas and Manufacturers do you cover?
The number of types of vehicles available include every single UK registered car upto 6 years old providing is has no more that 70,000 miles on the clock and this includes – Alfa Romeo, Aston Martin, Audi, BMW, Chevrolet, Chrysler, Citroen, Dodge, Ford, Honda, Hyundai, Infiniti,Jaguar, Jeep, Kia, Landrover, Lexus, Mazda, Mercedes, Mini, Mitsubishi, Nissan, Peugeot, Porsche, Renault, Saab, Seat, Skoda, Smart, Subaru,Toyota, Vauxhall, Volkswagen, VW, Volvo and even premium brands such as Ferrari, Bentley and Masserati.
The areas that we cover with car finance for Bad Credit Car Loans are the entire United Kingdom and delivery is Nationwide.
Places include -
- Bath,Birmingham,Bradford,Brighton and Hove,Bristol,
- Cambridge,Canterbury,Carlisle,Chester,Chichester,Coventry,
- Derby,Durham,
- Ely,Exeter,
- Gloucester,
- Hereford,
- Kingston upon Hull,
- Lancaster,Leeds,Leicester,Lichfield,Lincoln,Liverpool,City of London,
- Manchester,
- Newcastle upon Tyne,Norwich,Nottingham,
- Oxford,
- Peterborough,Plymouth,Portsmouth,Preston,
- Ripon,
- Salford,Salisbury,Sheffield,Southampton,St Albans,Stoke on Trent,Sunderland,
- Truro,
- Wakefield,Wells,Westminster,Winchester,Wolverhampton,Worcester,
- York.
- Bangor,Cardiff,Newport,St Davids,Swansea,Aberdeen,Dundee,Edinburgh,
- Glasgow,Inverness,Stirling.
