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Mercedes Benz Financial Services Approval

Re: Mercedes Benz Financial Services Approval


@Washin17wrote:

@SouthernCharm1234wrote:

@c00mtgwrote:

Curious, why didnt you go to a CU?


I joined PenFed and was denied for a car loan.  


What were your TU Auto scores?  Do you know if they used your regular score or your auto score? Also where are you located?


I do not know my TU auto scores and I do not know what MBFS used (regular vs. auto).  I'm on the east coast of the USA.

Message 11 of 17
New Member

Re: Mercedes Benz Financial Services Approval

Got approved today.....barely. 

 

They pull TU and use Fico Score 9 NOT auto Enahnced (which usually is a lower score). My FICO 8 is 690.......Fico 9 is 617

Message 12 of 17

Re: Mercedes Benz Financial Services Approval


@FixMyScore0wrote:

Got approved today.....barely. 

 

They pull TU and use Fico Score 9 NOT auto Enahnced (which usually is a lower score). My FICO 8 is 690.......Fico 9 is 617


Congratulations on the approval.  If you don't mind me asking, which model is in your sights?  I love the SUVs.

Message 13 of 17
Valued Contributor

Re: Mercedes Benz Financial Services Approval

it's on her first post...Mercedes-Benz GLA250W



FICO 8 Scores EQ 704 / Goal 750, EX 706 / Goal 750, TU 724 / Goal 750

FICO 9 Scores EQ 726 / Goal 750, EX 683 / Goal 750, TU 726 / Goal 750
Message 14 of 17

Re: Mercedes Benz Financial Services Approval


@c00mtgwrote:
it's on her first post...Mercedes-Benz GLA250W

That was me asking the other member about the model.  ;-) 

Message 15 of 17
Valued Contributor

Re: Mercedes Benz Financial Services Approval

AH! well i'm sorry Smiley Sad




FICO 8 Scores EQ 704 / Goal 750, EX 706 / Goal 750, TU 724 / Goal 750

FICO 9 Scores EQ 726 / Goal 750, EX 683 / Goal 750, TU 726 / Goal 750
Message 16 of 17
New Visitor

Re: Mercedes Benz Financial Services Approval

I think Mercedes cares a lot about the income. I've been driving Audi for years (had 3 of them) and when my lease on the third Audi was up, my credit score was 630. Audi wanted me to pay the excessive miles up front and wouldn't cover the last 4 months due on the lease (I think this was more of the dealer I went to, they weren't doing good by me). Audi wanted to put me on an A3/A4. I was not having it and went to Mercedes. I applied for their financial services, 630 credit score with income of $145K got approved for tier 1 and got myself into an E Class. Mercedes really works with their prespective customers and are ready to close the deal. 

Message 17 of 17