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BMW Lease - Will I Quailfy?

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blkbmwm98
New Visitor

BMW Lease - Will I Quailfy?

I'm looking to lease a new 7 series BMW with a estimated payment of $735.00 PM. I will also be putting about $5,000.00 down.

 

I've never leased or financed a car because I've always paid cash. I make very good money (6 figures) with NO DEBT and never late or close to carrying a balance.

 

My Credit seems stalled and isn't going any higher than 600's.

 

My Credit Cards:

Amex Gold - No Pre set Spending (Opened in 2008)

Discover 10k ( Opened in 2007)

Chase- 22k  (Opened 2010)

 

Any help or suggestions are appreciated.

 

Thank you

 

 

Message 1 of 3
2 REPLIES 2
tonyjones
Valued Contributor

Re: BMW Lease - Will I Quailfy?

What's on your credit report and what is your FICO score?

Current Fico Scores: (December 2023)
Message 2 of 3
Creditaddict
Legendary Contributor

Re: BMW Lease - Will I Quailfy?


@blkbmwm98 wrote:

I'm looking to lease a new 7 series BMW with a estimated payment of $735.00 PM. I will also be putting about $5,000.00 down.

 

I've never leased or financed a car because I've always paid cash. I make very good money (6 figures) with NO DEBT and never late or close to carrying a balance.

 

My Credit seems stalled and isn't going any higher than 600's.

 

My Credit Cards:

Amex Gold - No Pre set Spending (Opened in 2008)

Discover 10k ( Opened in 2007)

Chase- 22k  (Opened 2010)

 

Any help or suggestions are appreciated.

 

Thank you

 

 


the only thing that may get in the way is no auto loan history but otherwise I would think you would be just fine... I would just go into the dealership and submit the app.

Message 3 of 3
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