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Ford credit score

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drboxing
Established Contributor

Ford credit score

Anyone familiar with what Ford credit requires as a FICO score for a customer who wants to lease a vehicle




Message 1 of 14
13 REPLIES 13
Kevin5974
Frequent Contributor

Re: Ford credit score

650 gets you in the door approved.

 

680+ gets you best leasing terms.

 

I am a VERY familiar with Ford Motor Credit


Starting Score: 475
Current Score: 649
Goal Score: 690


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Message 2 of 14
drboxing
Established Contributor

Re: Ford credit score

What about a score less than 650? Will Ford finance?




Message 3 of 14
Kevin5974
Frequent Contributor

Re: Ford credit score

Yes, on a new. Used, it depends. You may get a better rate elsewhere


Starting Score: 475
Current Score: 649
Goal Score: 690


Take the myFICO Fitness Challenge
Message 4 of 14
sports1965
Frequent Contributor

Re: Ford credit score

What about 620 FICO score?

I ve had 2 Ford Credit loans in the past , always paid as agreed.

Message 5 of 14
Kevin5974
Frequent Contributor

Re: Ford credit score

 


@sports1965 wrote:

What about 620 FICO score?

I ve had 2 Ford Credit loans in the past , always paid as agreed.


As long as DTI is in line, you'll qualify for 0%


Starting Score: 475
Current Score: 649
Goal Score: 690


Take the myFICO Fitness Challenge
Message 6 of 14
lee307
Valued Member

Re: Ford credit score

I'm not sure of my score yet but how does Ford treat recent CH13 discharges?  I have had 5 or 6 auto lines all paid as agreed pre BK.

My auto loan when entering BK hit late once since I was instructed not to make any more payments because the payments for the car

were to be included in the BK payment.

Message 7 of 14
drboxing
Established Contributor

Re: Ford credit score

I financed a car 1 week after my discharge, was a Cap1. Kept that car for 6 months then traded it. Had no problems getting financed with Ally. Ford approved me but wanted $5000 downpayment.




Message 8 of 14
Kevin5974
Frequent Contributor

Re: Ford credit score


@lee307 wrote:

I'm not sure of my score yet but how does Ford treat recent CH13 discharges?  I have had 5 or 6 auto lines all paid as agreed pre BK.

My auto loan when entering BK hit late once since I was instructed not to make any more payments because the payments for the car

were to be included in the BK payment.


Too difficult to say. Everyone's profile is different. Depends on many factors. Generally speaking, I believe Ford prefers people who have already reestablished since BK


Starting Score: 475
Current Score: 649
Goal Score: 690


Take the myFICO Fitness Challenge
Message 9 of 14
Anonymous
Not applicable

Re: Ford credit score

Looking at leasing a 2015 Ford Fusion SE.

 

Current credit score 639. My auto payment history has always been on time for the past two years. Prior to that I had a couple 30 day late payment notices.

 

My revolving credit/debt ratio is 70/30. 

 

Any idea how this will look for me? I've never leased before...

Message 10 of 14
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