I'd like to know this as well. I figure I better stop drooling over this car and look for something else if I'm not gonna be approved for a lease. Ive never had a late payment and have about 10 years of credit card history.. also student loans.. but no car payment history as i paid cash for my first used car right out of college

 

^^ if you pay everything on time and aren't "overextended"... you shouldnt have any problems.

 

That's what my Lexus Finance Manager told me too. By the way, he said they're leasing the IFS's for $1,100-1,200/mo. Yikes!!

 

IFS. The dealer isn't who is granting your lease or loan; the bank is.

 

^^ yeah i thought that was a funny question.....

but the dealer can try to "push" things for you right?

 

My score was 685 when I went in and I got Tier 1.

 

Ok, thanks.

Just new to leasing and trying to see if I can do this on my own.

Do you mind if I ask how old your credit history is?

 

I just got approved for Teir one today at 650 credit score and my brother in law got the same and his score was 640. He is paying 480 a month after taxes with only first month and tax and tag (about 1300). It took him a week of negotiating and several dealers before he got the price. the last deal they offered me was 525 a month with 1500 down. Im going for my second round of negotiations tomorrow. Wish me luck

 

Are we still talking about an IFS here?

 

Score is just a guide. You also need to account for history, and types of accounts.

 

10 years of credit history but I've probably owned 10 different vehicles in that time, all financed .. all show paid in full. Except the new G of course.

 

So not qualifying for top teir rates on a lease will cause your money factor to go up?... And if you do qualify for teir 0 or 1 do you automatically recieve the money factor that IFS is giving for the month or can they raise it?

 

I am going through this right now guys. Vehicle history is very important! I used to love being the 17 year old kid with a BMW (got hit by a car and took a beating by it at 15) and then bought a brand new one when he was 20 with the insurance check + cash after the first one was totaled and so I have never owed anyone anything for a car in history.

Well after graduating college I was given a company vehicle so I just sold my 330 out right and kept the cash. Well now when I go for a new G37 I pull a score of 724-750 on my own credit report (high limit credit cards with excellent payment record) but IFS pulled a 650 for me on Transunion Auto which I guess rates your auto payment history. Since I have never technically financed a vehicle I am screwed.

Luckily I am still within the 2 years of graduating college and they are gonna let me know what the rate is soon (which I will probably say is just garbage and see what my bank has to say), but it is just a real pisser to take care of my credit that well and only be rejected for tier 01 from walking in the door.

To all you 17-19 year old kids buying their first cars, buy something you can afford with a part time job at McDonalds, then enjoy your dedication and strong will when you get out of college and are still hitting on those same 19 year old girls just with a really sick G37!!!! You will thank me later.

 

I have friends at corporate and just went through this. The individual dealers can adjust the money factor a bit no matter what tier you are.

 

Oh man, don't get me started.

As a furryner I've had all kinds of problems getting credit over the years, but it is finally getting easier. In the seven years I've been in the States I've managed to work my way up to a FICO somewhere north of 760, never missed a single payment, never gone over a limit - no credit issues at all.

So I go to my own bank, where I have my checking and savings and credit cards, where I've been a good customer for 7 years, with no overdraft or overspending or over-anything, and ask for a car loan for 50% of the price of a new G (the other 50% would be a cash downpayment).

I was DENIED.

So, Bank of America, you can go **** yourselves royally, you selfish, arrogant, reprehensible, vindictive, venereal-diseased, puss-sac of a bitch-*****.

And y'all got me started, you *******s!

Edit:

Oh! And TODAY they sent me a letter trying to get me to apply for a mortgage!!! WTF!