Personally, yes, I think the loan is approvable depending on DTI. But I think you'll get a higher than standard APR (or in the case of a lease MF).
How much credit card debt are we talking about here? And what's your mortgage/rent payment?
I'd pay that debt off and wait for it to report (shortly after you get the next 0 bal. statement after paying off), it'll really help your FICO imo. Also you only have 1 credit card?! After buying this next car, maybe get one or two more.
How can that be... You own your home outright? And what's this revolving debt? Is that seperate from your credit card that you just paid off?
Gotcha. I'd pay off those cards, and wait for them to report 0 balance BEFORE shopping. It'll really help your FICO.
Don't know what a C63 AMG lease payment looks like, but I'll go ahead and assume 1100.
1100+500+600 (the bank will impute rent even though you don't have any) = 2200/6000=~37% DTI
Seems fine to me. The only thing the bank might want to see is history on a similar auto note. But you said you had a BMW auto loan and I assume that was for at least 20-30k too so you should be good imo.
Hope you get a shiny new Mercedes Amex with the car!
you need some more and better credit cards if you have that kind of income.