Hello,
Anyone know if I apply for a lease at one MB dealer through MB Financing, are they all able to access it or does each dealer need to do the approvals online?
Also, anyone know exact score tiers for tier 1 for MB? Is it 700? or up to 740 now?
Thanks!
I have seen Tier 1 with under 650 score but extensive car history.
I’m not TOO worried about it - I just bought a house and had a card balance transfer to 0% for house items which docked my credit some. I’m more worried if dipping below 740 bumps out of Tier 1 than dropping into the 6’s.
Bought a new house…new house items and wants a new Mercedes in the driveway. What a baller!
Each dealer will run your credit regardless. The good thing to note is the agencies roll those inquiries into one hit if you do them within 30 days as they know people will run their credit a few times while shopping for a car. I’ve also seen dealers pull someone out of Tier 2 to Tier 1 just to make the deal happen because they need the sale. YMMV
I came back as Tier 1 - was just curious if the other dealer will need to pull as well (sounds like no - they go to MB Finance directly, but they do need to file the same info regardless)
When I got my Mercedes lease the dealer pulled my credit AND MBFS pulled by credit. Those two inquiries showed up separately.
Interesting… it was a full MB dealer? Not just a licensed multi-brand?
Mercedes of Beverly Hills, Mercedes of Long Beach, Crown Euro Mercedes. All of them do it as do many others…
Got it - good to know. Thanks!
I’m about to fill in a credit check application requested by one of the Mercedes dealers in California, for a deal to lease 2019 C-Class.
Can I just provide the dealer with a credit report that I can order myself? That way, I can use the copies of credit reports to provide multiple dealers, helping my just get one hard check on my credit.
Also, am I entitled to get a copy of the credit check and decision made by a dealer? Or, they have the right to keep it internal, and just share verbally?
No…they’ll want to pull it themselves. They’ll pull it, and don’t be surprised if MB pulls it too when they accept it.
You’re entitled to see the score they used to approve you.
I’ve personally never done this, but I imagine you providing your own credit history just helps the sales team provide you a more accurate interest rate.
In order to actually grant you a lease/loan contract, you credit will be pulled by the bank from the credit agencies. I don’t see them accepting something the customer provided separately from the credit agencies, they’ll just go direct with an application.