BMW Leasing in California

[Anonymous]

Hey everyone

Wondering if anyone with experience can give me advice.

I'm looking at BMW for a 1st time lease. My credit scores for EXP, TU, and EQ are 655, 804, and 674, respectively. My Exp Fico Auto 8 (675) and Exp Fico Auto 2 (720).

I live in California. My TU report just got clean and has 0 negatives whereas my EXP and EQ still have about 5 negatives remaining (all coming off 6 months from now), and both with a hx of car repo (6yrs ago)

My question is, per BMW leasing, will I be able to ask them to check my TU report only? Does TU have its own auto score? Please me know how  best to proceed over the next 2 weeks?

Income: $200K

Thanks in advance.

P.S.: Any advice re, the above, but with Mercedes Benz lease?

PS, PS,: Thanks again!

[Scupra]

On my lease last month the dealer hit all 3 and BMW financial hit EX. I think EX is pretty common for BMW, may not be a way around it. When I asked what CRA to have thawed, I was told to make sure all of them were. Good luck!

[Harvey26]

@AnonymousBMW pulled EX for me also and I live in VA. See if you can get an EE for the account to get them removed.

[randomguy1]

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@Anonymous wrote:

Hey everyone

Wondering if anyone with experience can give me advice.

I'm looking at BMW for a 1st time lease. My credit scores for EXP, TU, and EQ are 655, 804, and 674, respectively. My Exp Fico Auto 8 (675) and Exp Fico Auto 2 (720).

I live in California. My TU report just got clean and has 0 negatives whereas my EXP and EQ still have about 5 negatives remaining (all coming off 6 months from now), and both with a hx of car repo (6yrs ago)

My question is, per BMW leasing, will I be able to ask them to check my TU report only? Does TU have its own auto score? Please me know how  best to proceed over the next 2 weeks?

Income: $200K

Thanks in advance.

P.S.: Any advice re, the above, but with Mercedes Benz lease?

PS, PS,: Thanks again!

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Why don't you check and see if you can lease outside of the dealer? Try PenFed. I would try to find a lender that uses EQ scores.

[Brian_Earl_Spilner]

No experience with BMW or Benz, but when I went through LFS, they required all 3 bureaus unlocked and chose to use the highest score. Maybe ask if that will be the case for them, or if you can request a specific bureau and give the reason.

[Scupra]

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@randomguy1 wrote:

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@Anonymous wrote:

Hey everyone

Wondering if anyone with experience can give me advice.

I'm looking at BMW for a 1st time lease. My credit scores for EXP, TU, and EQ are 655, 804, and 674, respectively. My Exp Fico Auto 8 (675) and Exp Fico Auto 2 (720).

I live in California. My TU report just got clean and has 0 negatives whereas my EXP and EQ still have about 5 negatives remaining (all coming off 6 months from now), and both with a hx of car repo (6yrs ago)

My question is, per BMW leasing, will I be able to ask them to check my TU report only? Does TU have its own auto score? Please me know how  best to proceed over the next 2 weeks?

Income: $200K

Thanks in advance.

P.S.: Any advice re, the above, but with Mercedes Benz lease?

PS, PS,: Thanks again!

---

Why don't you check and see if you can lease outside of the dealer? Try PenFed. I would try to find a lender that uses EQ scores.

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I'm not 100% sure what you mean here by "lease outside of dealer". If referencing the payment saver product from PenFed, this is not like a lease at all IMO. You would also lose out on any dealer incentives if you don't use BMWFS

[Abelcrdn]

I am on my second Mercedes Benz GLE350 lease and both times they have only pulled TU. I am in Oregon and work at a Mercedes Benz Dealership. 

[Anonymous]

We're on our third BMW lease and each time BMW Financial Services has pulled Experian. Not sure where their approval score requirements begin, but per the finance manager their "Super Elite" tier (AKA tier 1) credit is 740+.

You have solid income. Assuming you have a relatively low DTI I'm sure they'll work with you. Also, be forewarned: you'll never want to drive anything else 

[mrjerry]

You'll be auto approved for bmw lease, I believe it's Experian.. bmw's are easier to lease then a Toyota lol