No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Does anyone know how tough Mercedes financial is? I am looking to buy a $38,000 benz. I can put 10K down. I am in the process of rebuilding my credit. My FAKO is 640
Thanks for the reply Lexus!
I want to purchase an MB sprinter cargo van for my small business (only MBFS will do loans on those apparently, since it is a commercial vehicle)
I dinged up my credit in 2011-2013 ... lots of 30 day late pays on my mortgage and a car loan (which is paid and closed) I do have another paid auto loan that was never late on my CR.
Mortgage has been on time since 11/2013. I have 2 credit cards (small limits) that are current and never late as well.
I think the old late pays are supressing my score. Also, my file is pretty thin otherwise.Only current accounts are the mortgage and 2 credit cards.
Also check with a local CU.
Just because it's a commerical vehicle doesn't mean that MBFS is the only lender that can finance it, I think you are getting some bad information from the dealer on that subject. Many Auto lender's have a commercial lending side meant for commerical vehicles/businesses, etc. Ally, US Bank, Well's Fargo, and many other lender's all have commercial lending on these types of vehicles.