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Thoughts on Approval with Mercedes Benz Financial Services?

N_smith90
Established Member

Thoughts on Approval with Mercedes Benz Financial Services?

Good Morning! 

My lease with Mercedes Benz financial is coming to an end. I am looking to re-lease a new 2020 GLE and want to get some feedback. We are about 2 months away so I have some time to fix things if needed. From what i've read and researched it looks like MBFS pulls TU exlusivly in Oregon.  Vehicle MSRP is $65,030//Sales Price $57,614.61 out the door. My husband works for Mercedes Benz so we get a 12% discount. Thoughts on where I should focus my energy?

 

TU Fico 8- 718

TU Auto Score 8 -730

Income $82k Yr

CC UTI 15%

DTI 23%

 

 

4 REPLIES 4
Khyy
Member

Re: Thoughts on Approval with Mercedes Benz Financial Services?

Given your score and that you are about to pay off an existing lease satisfactory (among many other good things), I cannot see you having any issues. Looking at some of the other approvals from Mercedes Benz on this forum you are well ahead of a few of them. Some are with low to mid 600's and no prior leasing history with Benz. 

 

Good tastes in cars by the way! 

Message 2 of 5
N_smith90
Established Member

Re: Thoughts on Approval with Mercedes Benz Financial Services?

Thank you for the feedback. I think I’m just over thinking it.
Message 3 of 5
ridgebackpilot
Established Contributor

Re: Thoughts on Approval with Mercedes Benz Financial Services?

I financed a CPO Mercedes GLE350 last December in northern California. Here's the thread detailing my experience. Both the dealership and MBFS pulled my TU Auto 8 scores. They were in the same neighbordhood as yours, and were sufficient for Tier 1 (A) financing. So you shouldn't have any trouble.

 

You might want to wait for one of their promotional rates to land, however. I got 1.9% APR on my loan for 48 months. I'm sure you can get a very favorable lease rate if you time your transition properly. Good luck!

 

Message 4 of 5
N_smith90
Established Member

Re: Thoughts on Approval with Mercedes Benz Financial Services?

Just wnated to keep everyone updated. Approved for Tier A1, TU pulled a 743 and Money Factor was .00142 with a 56% Residual.

Message 5 of 5
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