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Mercedes Benz Financial - Which agency/fico socre do they use?

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FixMyScore0
New Member

Mercedes Benz Financial - Which agency/fico socre do they use?

Hey guys,

 

Based out of California. Looking to a lease a new Benz. Anyone know which agnecy they pull along with the Fico score type? (Auto score 8? Auto score 9?) 

 

Thanks. 

13 REPLIES 13
Anonymous
Not applicable

Re: Mercedes Benz Financial - Which agency/fico socre do they use?

I did an application for purchase last night and they pulled my TU.  I received an approval email early this morning.  Not sure about auto scores vs. regular scores.  I was approved with a TU score of 642 IIRC.

 

BTW....  that approval is with absolutely $0 down and confirmed with the finance manager today that I do not have to put down one penny.

Message 2 of 14
FixMyScore0
New Member

Re: Mercedes Benz Financial - Which agency/fico socre do they use?

Just got approved, albeit at tier 3 unfortunately.

 

FYI, they use Fico Score 9 but NOT Auto enhanced. 

Message 3 of 14
Anonymous
Not applicable

Re: Mercedes Benz Financial - Which agency/fico socre do they use?

Are you in SC by chance?
Message 4 of 14
Anonymous
Not applicable

Re: Mercedes Benz Financial - Which agency/fico socre do they use?

Anyone knows the currrent rates for Tier 1?

Message 5 of 14
JGGM
Frequent Contributor

Re: Mercedes Benz Financial - Which agency/fico socre do they use?


@Anonymouswrote:

Anyone knows the currrent rates for Tier 1?


For leases, typically the money factor (rate) varies by vehicle and term. 

Current Score 7-1-21: TU: 812 EX: 805 EQ: 839
Goal Score:ACHIEVED - 800 Across the Board
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Message 6 of 14
nykos5000
Regular Contributor

Re: Mercedes Benz Financial - Which agency/fico socre do they use?

So I want to resurect a dead thread here ...I was approved today with MBFS with tier 2 rates. They pulled my Transunion Auto 4 and Experian Auto 8...seems that the versions vary across the board but I am in SoCal. My TU Auto 4 was 616 and my EX Auto 8 was 624 but I was able to get their tier 2 rate which typically starts at 675. MBFS does not base tiers solely on score as I am a testament to that today...

BK7 08/2016 | DC 12/2016

Message 7 of 14
Anonymous
Not applicable

Re: Mercedes Benz Financial - Which agency/fico socre do they use?

This week...They pulled both my Experian and Transunion both Fico Auto 8 her in Cali...got my Benz on 1 hour later...

Message 8 of 14
SoundoftheSuburbs
New Contributor

Re: Mercedes Benz Financial - Which agency/fico socre do they use?


@Anonymous wrote:

Anyone knows the currrent rates for Tier 1?


Those questions are best asked at the forum on Edmunds.

February 2023 FICO 8

Equifax - 546
TransUnion - 539
Experian - 563
Message 9 of 14
Anonymous
Not applicable

Re: Mercedes Benz Financial - Which agency/fico socre do they use?

Yesterday I applied and was approved for a 2019 GLC 300. They pulled Transuion and used the Auto 8 score. I was approved and completed paperwork signing in less than one hour. My vehicle was delivered today. And I was very happy. Can't wait to get off of work and take it for a spin. I live in Ohio btw. Hope this helps.

Message 10 of 14
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