I recently been looking at CPO, it's basically the same price as the Subaru Crosstrek I've been looking at. My rear wheel drive just isn't cutting it in the snow up here. So i've been comparing AWD SUV's. I've always like certain MBZ cars, and though if I could pay a few Dollars more, why not.
So it seems they like to pull TU which is my lowest at 729, but also doesn't report the Medical Collections that EQ does. They are 25 points higher so go figure. My question is, considering the above story. What sort of DTI do they like to see? My income is only $60K, and current auto loan is $450. The lease on the car i'm interested in is estimated at $375-400 depending on the variables. My rent is $650, and have an installment loan for $483. $5K(24%) balance on Discover, and $3K(22%) on another CC. Affording the lease payments isn't an issue , but I'm concerned they might think my CC debt is too high. I could pay it off, but I'm earning a pretty high interest rate on it ATM versus 0% APR on the balances. They'll be paid off in 5 months anyways.
In our case, not sure if they looked our DTI (low) bc score they pulled was over 800. We also put down 25% on a CPO and the running promo was 1.99% for tier 1. No POI.
You could also ask them directly. Our sales guy was very upfront with us and we liked him.
Keep in mind, as you may have heard, they might double pulled TU.
The dealer pulled before they sent to MBFS for approval. In hindsight, I would have gotten a preapproval through MBSF first then taken that to the dealer.