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Edwin Miles. Underwriting Manager

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MSG Car Finance - Can you beat their rates?

I have been approved by MSG for finance however the repayments are too high on the car. Could you give me a quote on a loan for £16,745? Can get it for £359 a month for 60 months?

Posted by Peter Mcluckie on

Answer.

Hi Peter, we are aware of MSG Finance and believe that we have more lenders on our panel than they currently have so we may be able to get you to where you need to be. Do you know what lender MSG have you approved with - have you seen any paperwork? Do you have a deposit? Kind Regards, Edwin

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Question.

I don't know what lender MSG has me approved with. I have not seen any paper work and only have a £300 deposit. kind regards peter mcluckie

Posted by Peter Mcluckie on

Answer.

Hi Peter, is you credit history excellent, fair or poor? To receive £16,000+ without much deposit would require you to have a very good credit score/history. I hope you don't mind me asking that question. Have a great evening. Kind Regards, Edwin

Posted by on

Question.

I had excellent credit history until two years ago and been poor since now getting back on my feet.

Posted by Peter Mcluckie on

Answer.

Hi Paul, in that case unfortunately you'd need at least £2000 deposit to be able to borrow the amount you need. We could get you approved potentially for a maximum of £8000.

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Question.

I have been approved for an MSG Loan to purchase a second hand car up to the value of £6000. I didn't accept so because I only had £400 deposit and they asked for £1000. However I have since had an email saying that the deposit required has been reduced to £400. I am a bit worried whether MSG are legitimate. Also, their repayments were quite high, and I can't really afford repayments of more than £150 per month so don't want to over commit. I have bad credit. I have £400 deposit and can afford repayments of £150 pm. Should I shop around? The repayments on a £6000 loan with a £1000 deposit paid with MSG would be £185 per month.

Posted by Jacqueline Sherlock on

Answer.

Hi Jacqueline, i have heard of MSG car finance but i can tell you that if they have you approved we'll be able to get you approved too as we have more lenders on our panel than MSG do. I have a feeling we could better their rates and we allow you to choose your car from any local dealer. We offer to HPI check the car for you and also value it so that you now you're getting a decent deal. Please make an application with us when you get 3 minutes and let me know your reference number when you can. Have a great day, Edwin :-)

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