MSG non status contract hire

NewLifeAhead_2

Has anyone had any dealings with these? I cant seem to find any reviews/discussions on them, would quite like to know a bit more about them, they say they accept people with "bad credit" so is there anyone here who can vouch for this?
Thanks :beer:

Hammyman

I would expect you end up paying well over the odds.

forgotmyname

You may need an arm and a leg and some vital organs as the deposit.

poor credit = ripoff prices.

NewLifeAhead_2

Aah i see, thanks. Do either of you have direct experience with them then?
What kind of deposit are we talking? On say a £3000 car over 3/4 years?

Jeff_Bridges_hair

Id say you would end up paying double the asking price.

forgotmyname

Try the website... My browser shows this......


"This Connection is Untrusted"


And refuses to let me in.



Contract hire is usually for new or newer cars so £3000 wont get you anywhere.

And you will pay back approx £6000 on a £3k initial price or worse.


Dont forget the car will be 5 years older and could need fairly expensive servicing or repairs by then.

rodenal

Agree with the above - unsure if it's actual contract hire you're looking at or pcp? In any case the typical rates will be extortionate with huge deposits.

To get an idea, ask them for a price on the car you are looking at then have a look on the following for the same deal:

www.nationwidevehiclecontracts.co.uk

www.contracthireandleasing.co.uk

You'll probably find the poor credit people asking for close to 1.5-2 x the going rate.

How bad is your credit? It's a bit easier to get finance on a vehicle than it is for unsecured loans / cards. Of course if you're struggling then it's a bad idea to do it in the first place...

NewLifeAhead_2

Thanks, decided not to go down that route so glad for MSE before i came here i used to jump in to everything

smitchy73

So £4100 in interest and charges over 4 years, shocking, whats the APR on that finance deal!!