Bump :-)
I love posts like these, Why do most if not all consumers believe people in the auto industry should be working (for them) for free? That somehow if a profit is made by any person during the course of the transaction that it is indicative of borderline ethics.
The dealer is in business to make a profit.. and all employees who work there are there to make a living, despite the consumer's attempts to the contrary.
Here's a couple of thoughts:
If I came to your place of business and demanded you provide me with your services and prove you and your company are not somehow profiting in the process, how would you treat me? If your employer decided you should only be paid based on exactly how much was necessary to cover your expenses and made you prove that, how would you view them?
Most auto dealers still have Auto Enhanced Beacon 5.0, Experian FICO II or Trans Union Classic AU 04 however the lender will pull whatever their primary bureau is as described in their dealer agreements and rate sheets. For example:
Wells Fargo uses Equifax Auto Enhanced Fico 8.0
Bank of America uses Equifax Auto Enhanced Industry Adjusted Beacon 9.0
PNC Bank uses Experian FICO 08 Auto Enhanced
BB&T Bank uses FICO Auto Score V8
US Bank uses Equifax Beacon 09, Trans Union Classic 08, Experian FiCO 08/Fair Isaac Auto Loan
Chase Auto Finance uses Equifax Auto Enhanced Fico 8.0
Is this what you were looking for?
It states what they use on their rate sheets most of the time. Usually we cannot choose which bureau we can force the lender to use, they have their own set of guidelines that they will follow for everyone so that there is no possibility of being accused of discrimination. Sometimes it's a different bureau based on the applicants zipcode/region, sometimes they will allow for an alternate bureau to be used IF their policy states so (usually if there are more positive tradelines on the other bureau with a higher score). Policies changed years ago based on so many class action lawsuits from consumer groups. We see these types of policy changes announced every so often.. most of the time helping the few that accused lenders/dealers of discrimination..... and hurting the majority of folks who at one time could take advantage of loopholes to get a better deal...
Same for dealers.. we pull the same bureaus for customer A as we do for customer B. We present a copy of a disclosure of the bureau's credit score that WE pull.. the one that WE pay for and have access to which is generally whatever we have a subscription to.. the lender may pull a different version as you can see from what I posted above.
The law requires we show you the score for the bureau that WE pull, not what the lender pulls.. they send their own disclosure to you in the mail whether approved or not as required by law, just like when you apply for anything else such as credit cards.