Bad Credit Car Lease Milton Keynes

Our Approach

At EL-GS we determine your credit worthiness based on our internal scoring system which only focuses on your present circumstances and your projected future as opposed to the standard credit scoring that is historical. Because our cars are brand new, you save on MOT, Servicing, Tyre Replacement and Breakdown costs that you would incur with used cars, it you gives flexibility and fixed costs, as maintenance is included.

We offer competitive pricing on all our models inclusive of road fund licence for the full contract term & have no hidden charges or administration fees. All new vehicles sourced and subsequently delivered are supplied by our approved list of UK retailers.

All our cars come with the latest fuel saving and low CO2 emission technologies such as TDI, TFSI and TSI engines, Improved Aerodynamics, Auto Start/Stop, Blue motion Technology, Low Rolling Resistance Tyres, and More Efficient Gearboxes. The effect of all these technologies is a substantial saving on your fuel bill with most of our cars achieving at least 50mpg.

Why Choose us?

We are a short term car and van leasing Company focused on providing brand new cars on a short term basis to professionals who can prove to be in stable employment and to Small and Medium Enterprises (SME's) including start-ups.

Why leasing is better for you or your business.

Clear Benefits when you lease a brand new car

  • A low initial outlay deposit
  • A choice of rental period that’s right for you typically – from 6 to 30 months
  • Road Fund License included within the monthly rental
  • No depreciation risks or disposal concerns
  • The ability to forward plan & budget with fixed monthly payments
  • A simple ‘hand back’ process at contract finish

Wide range of vehicles to choose

PROFESSIONAL PERSONAL SCHEME

Key Benefits

  • Our cars come with sufficient mileage allowances of up to 24000 miles a year compared with standard lease cars which come with 10000 miles a year.
  • The above benefits saves you on average of £130 PCM which you must consider when you compare the price of our cars against other schemes
  • See our typical car savings comparison table.

 

  • A Scheme designed for those in stable employment
  • Are you in stable employment?
  • Can you prove your employment?
  • Do you have a stable residential address history?

 

  • THEN YOU QUALIFY

At EL-GS we have designed a short term lease scheme for professionals in stable employment which is not subject to external credit scoring.

  • We recognise that during the years of your professional development, you could have spoiled your credit rating, yet now you have a stable status and are in stable employment and can afford a brand new car.
  • Our internal credit criteria ONLY considers your present and future circumstances
  • As a professional we recognise your need to have a car that depicts your achievement
  • We recognise you don't want to waste time in break downs and incur unending repair bills

 

  • That's why our scheme delivers A TAILORED SOLUTION for you.
  • You drive a brand new car every 6 or 12 months
  • You can change your car group as your financial circumstances change
  • No servicing costs
  • No tyre repair costs
  • No MOT costs
  • No Tax Disc Cost as our cars come fully taxed

SMALL TO MEDIUM BUSINESS SCHEME

  • A scheme designed for START Ups, Small Businesses and Medium Sized businesses.
  • No External Credit Check. Just our internal criteria.
  • Do you have a credible business plan?
  • Can you demonstrate ability to meet your payments?

 

  • THEN YOU QUALIFY

 

At EL-GS we have designed a short term lease scheme for Start-Up businesses, Small Businesses and Medium Size businesses. We recognise that as a Start Up business or small business, most finance houses do not want to entertain you YET you desperately need cars to make your business kick start or grow to the next level

Our internal credit criteria ONLY considers your potential rather than your historical past. As a business we recognise your need to have a car that gives the correct image. We recognise you don't want to waste time in break downs and incur unending repair bills. That’s why our scheme delivers A TAILORED SOLUTION for you.

BENEFITS TO YOUR BUSINESS

  • You free up your cash flow rather than locking your cash flow into car purchases
  • Cars are a depreciating asset and you don’t tie your money into a depreciating asset
  • You are not locked in to long term financial agreements at a time when you are not sure what the future holds for your business
  • You give your company the right image by driving a brand new car every 6 or 12 months
  • No servicing, Tyre, MOT, and Tax disc costs as our cars include all this.
  • Our cars come with sufficient mileage allowances of up to 24000 miles a year compared with standard lease cars which come with 10000 miles a year.
  • The above benefits saves you on average of £130 PCM which you must consider when you compare the price of our cars against other schemes
  • See our typical car savings comparison table

PURCHASE VERSUS USAGE/LEASING

Understand the rationale for a short term lease against the commonly believed idea that one should purchase a car.


Many people have the idea that when you go into a car ownership scheme, you are saving your money as you will end up with an asset. Though this is true to some extent but what most people do not realise is that CARS ARE A DEPRECIATING ASSET.

 All car finance schemes are based on an estimated future residual value of the car. The bulk of what you pay during the lease or hire purchase period is the depreciation value. You are therefore paying for your usage of the asset rather than saving. Whether you will save only depends on what happens to the residual value of the car in the end of which finance companies are experts in predicting this value and they are always within the range.

PURCHASE versus USAGE

  • A scheme designed for START Ups, Small Businesses and Medium Sized businesses.
  • No External Credit Check. Just our internal criteria.
  • Do you have a credible business plan?
  • Can you demonstrate ability to meet your payments?

 

 THEN YOU QUALIFY


 

At EL-GS we have designed a short term lease scheme for Start-Up businesses, Small Businesses and Medium Size businesses. We recognise that as a Start Up business or small business, most finance houses do not want to entertain you YET you desperately need cars to make your business kick start or grow to the next level


Our internal credit criteria ONLY considers your potential rather than your historical past. As a business we recognise your need to have a car that gives the correct image. We recognise you don't want to waste time in break downs and incur unending repair bills. That’s why our scheme delivers A TAILORED SOLUTION for you.


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The concept that you save when you purchase is therefore not really true. As the asset depreciates, costs of maintenance get high and the result is you never win. At EL-GS we advise that a car is an asset TO PAY FOR USAGE OF THE ASSET RATHER THAN OWN THE ASSET. When there is need to own an asset say for export of the car to another country, you simply buy from the used car market which will always be priced at the residual value which the finance leases are based on.

 Excess mileage:

Any miles that may exceed the initial mileage specified in a finance agreement.

Example: contracted to use 36,000 miles over a three-year period and the vehicle is returned with 40,000 miles, the excess mileage is 4,000 miles.

Excess mileage charge:

A charge based on miles driven over the amount contracted in the lease agreement on return of the vehicle. The amount is calculated by taking the excess mileage rate of the vehicle and multiplying it by the number of miles covered above contracted miles agreed.

Excess wear and tear:

When the vehicle is damaged beyond normal expectations in an agreement term of a vehicle, charges are applied. Examples of excess wear and tear can be found in the Vehicle Return Standards section or in the Vehicle Return Standards brochure found in your Welcome Pack.

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