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

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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
Established Member

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
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
Established Member

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

Are you in SC by chance?
Message 4 of 14
Established Member

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

Anyone knows the currrent rates for Tier 1?

10/10/18: FICO 08: EQ 783, TU 800, EX 806 ; UTI: 2%
09/10/18: FICO 08: EQ 782, TU 796, EX 803 ; UTI: 5%
08/10/18: FICO 08: EQ 779, TU 788, EX 794 ; UTI: 7%
07/10/18: FICO 08: EQ 776, TU 782, EX 782; UTI: 11%
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; 1 inq
Gardening since 11/2017
*Goal: EQ 800 TU 800 EX 800*
Message 5 of 14
Frequent 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. 

Current Score 10-2-19: TU: 806 EX: 788 EQ: 791
Goal Score: 800 Across the Board
In My Wallet: Cap1 QS - PenFed Power Cash Rewards - PenFed Promise - AmEx Delta Gold - AmEx Platinum - DISCO - NFCU Cash Rewards - AmEx Simply Cash Business - Chase Sapphire Preferred

Message 6 of 14
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
New Member

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
New Contributor

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


@LINYGirl wrote:

Anyone knows the currrent rates for Tier 1?


Those questions are best asked at the forum on Edmunds.

25 years old

Wells Fargo Platinum - $1500
Chase Sapphire Preferred - $8500
Discover it® Card - $9600
AMEX EveryDay - $8000
Chase Freedom - $5000
Capital One QuicksilverOne - $1900
Barclaycard Apple Rewards - $600
Chase Slate - $1500
Capital One Platinum - $750

Lease - Audi Financial Services - $47,148 cur. balance, $55,063 orig. balance, buy rate money factor, MSRP $83,365
Auto Loan - orig. $20,617, paid/closed
Installment - FNCU - Secured $1500 paid/closed
Installment - City National New Jersey (Self Lender) - Secured orig. $1000, paid/closed
Installment - Lead Bank (Self Lender) - Secured orig. $545, cur. $370
Equifax - 729
TransUnion - 740
Experian - 752
Message 9 of 14
New Visitor

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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