BMW lease approval

[Cristian_12345]

This post has been withdrawn by the author.

[mllcb42]

How do you gross $3k /month on a $28k per year job?

[mllcb42]

They’re going to look at your annual average, not a weighted month.

Is this your first vehicle lease/loan?

[mllcb42]

Bmw tends to be a stricter brand for their credit requirements.

On $28k per year, with no established vehicle credit history, I don’t foresee you getting approved for the 330 or the m340.

(I also think spending that much money on a vehicle at that income rate is a horrible financial move)

[HersheySweet]

Not happening.

I’d honestly recommend getting your masters first for the pay bump before hunting for a 3. Your cost for a m340 is going to be at least 600/month with inceptions and a general rule of thumb is not spending 20% of your gross (not even full time income) on a car is not going to slide with bmw.

You won’t get approved under recent college grad program either, they want dti under 20% and this would blow you over that.

[HersheySweet]

@TheBigTuna

On a 3 series BMW Financial is not going to be looking at or verifying your income. Def go ahead and exaggerate your income on the app. If you put $28k a year into the online credit app, it’s possible that they can deny you given you have little history.

You’re seriously advocating fraud? You gotta be joking.

[mp11477]

@Cristian_12345

so there’s no chance of me getting fired.

There is always a chance of you getting fired. A job is never guaranteed.

[mp11477]

@TheBigTuna

On a 3 series BMW Financial is not going to be looking at or verifying your income. Def go ahead and exaggerate your income on the app.

Then when they do attempt to verify it, what’s the plan then?

[cyak]

Unless you have academic tenure at a university I wouldn’t be putting 25-30% of your income to towards a brand new m340i…

ahh to be young and 21 again, time to move to NJ and lease a one pay chevy bolt lmao

Part of me still thinks this post is satire still.

[mllcb42]

@TheBigTuna

imply he should commit any sort of fraud

You didn’t imply fraud. You straight out instructed it.

[chrishs2000]

@Cristian_12345

I have literally no expenses

This isn’t a financial advice forum but you’re basically poverty level income for CA, and I don’t understand how it’s possible to have “no expenses”. Also you live in the highest tax state with the highest cost of living in the country.

I suggest you get some actual real world expenses (move away from home or whatever) before you start spending 50%+ of your net income to rent a vehicle. There’s a hell of a lot more to life than the badge on the front of what you drive finance something reasonable to build your credit. With your current credit profile and income you’d have a hard time being approved by Hyundai let alone BMWFS.

And obviously don’t commit fraud.