Hello everyone, I was denied a $899/m lease for a BMW M3. I am 19 years old but I have more than enough in my bank account to cover the cost of the car. I just have very limited employment experience and have not had any other cars under my name.
For income I put down $45k a year and I put my mom as a cosigner. She makes $45k as well and I put this down. My credit score is 700, hers is 650.
My dad makes over $200k but I can’t put him because we are moving very soon and he is trying to get his score up for a good loan. So for now, he is not an option.
What do you guys recommend I should do? Can I “exaggerate” my income to some degree? If so, what would be a solid income to put down on the application so I get approved? My bank account has more than enough to cover the car in full but you can’t really show this on the application. Any help would be greatly appreciated, trying to get this car by my birthday next week. Thanks guys!