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

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. 

5 REPLIES

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 6
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 6
New Member

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

Are you in SC by chance?
Message 4 of 6
Established Member

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

Anyone knows the currrent rates for Tier 1?

05/10/18: FICO 08: EQ 750, TU 751, EX 751; UTI: 13%
04/10/18: FICO 08: EQ 738, TU 736, EX 744 ; UTI: 18%
03/10/18: FICO 08: EQ 724, TU 727, EX 735 ; UTI: 27%
02/10/18: FICO 08: EQ 703, TU 719, EX 723 ; UTI: 31%
Starting: 01/10/18 FICO O8: EQ 641, TU 648, EX 675 ; 82% UTI
The Good: Never Missed a payment; No baddies; low inquiries
The Bad: 13% UTI
Gardening since 11/2017
*Goal: EQ 800 TU 800 EX 800*
Message 5 of 6
Regular Contributor

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


@LINYGirlwrote:

Anyone knows the currrent rates for Tier 1?


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

Starting Score:Low 500s in 2013
Current Score 5-1-18: TU: 803 EX: 796 EQ: 778
Goal Score: 800 Across the Board
In My Wallet: Cap1 QS1 - Cap1 BuyPower - PenFed Power Cash Rewards - PenFed Promise - AmEx Delta Gold - AmEx Platinum - DISCO - NFCU Cash Rewards - AmEx Simply Cash Business

Message 6 of 6