Iāll share a life hack thatās served me well in the past. If you have a derogatory but paid off tradeline on your credit report, dispute it. The creditor has nothing to gain by fighting with you (since theyāve already been repaid) and will more than likely just delete it. Iāve had 100% success with this.
If the derog is recent, this one deletion could be worth 50 FICO points or moreā¦
Hi all, Iām moving from Canada to the US for work and Iām looking at potentially leasing a new car. I was wondering if I would be eligible for any of the good deals that are posted here, even when Iāll be starting my credit file from scratch? Is any manufacturer willing to check Canadian credit history to approve someone for a US lease?
Thanks!
Hello all,
Iām interested in applying for a lease with BMWFS and I was wondering if you think me just starting a new job (at a bank 2nd week) will affect my approval odds. previous employer was another bank 3+ years. Scores are above 720 and income is good as well.
Thanks in advance
Should be fine, but your score is borderline, though.
I was in the same boat 5 years ago, bottom line no one will look at your Canadian past here. Count on at least a year to build something decent, what helped in my case was having an Amex account in Canada which I managed to transfer to the US thru Amexās global transfer program.
Good luck!
Borderline for getting a lease with BMWFS? Or just borderline for top tier? Hopefully itās the latter or else I have serious work to do. 
Thanks for sharing your experience. Guess Iāll go with used for now.
I was planning on doing the Amex thing too. Any other US banks that youāve had good experience with?
720 is a borderline in general. A few points drop and you may have a problem with tier 1. Not saying you wonāt get approved, butā¦
700 is the cutoff for Tier 1 at BMW
Just saying that 720 āin generalā can be tricky. 20 points drop can easily happen. But Iām not an expert on credit score, for sure.
Not disagreeingā¦and who knows what his Auto Fico looks like either. Just saying for future reference.
Appreciate the responses. Given my past careless handling of credit and Chapter 7 (5+ years ago), I go into these things knowing Iām probably not going to qualify for Tier 1. That said, Iāve battled back for years and have pretty much reached my credit ceiling for now (710ish across the board).
Not sure how forgiving BMWFS is, but hopefully my low DTI and perfect auto payment history can help offset the negatives from years back. Hey if not, thereās always another Giulia I can lease through FCA. 
If you didnāt burn them in CH7, you should be fine. At worst, theyāll put you in tier 2, which will be a .00010 bump in MF, which equates to a roughly 0.24 bump in interest. I wouldnāt be surprised if you got Tier 1 either.
Nah, I didnāt burn them, thankfully. I was fortunate in that my first auto loan came after filing, so I donāt have any negative auto history. Went out and bought a CPO Passat shortly after filing and drove it for 2+ years. Then I graduated to leasing a Giulia back in 2018. Next up is the m340i.
Thanks for the data points, btw. I know every credit scenario is weighted different but it sounds promising!
Without any auto history, you are iffy for sure. Youād be best suited to talk to a finance mgr at a dealership to inquire with them. They would have a better answer for you after they hear your whole picture.
This is only good for sloppy payers with lots of cash. No thanks.
Correct which is the input to any score. Check them all, every year, and clean them up.
And your CLUE report. And your Lexis-Nexus master file.
Helped lots of friends clean up their credit. Canāt say itās 100% successful but agree you should always always always try and dispute anything negative.
Good suggestion. @Eli_Kornfeld join a Credit Union. If you have a car thatās paid off take out a used car loan for the shortest term and pay it off in the first year. If you donāt have a car consider a solid used one, finance with the credit union, pay off as quickly as you can. Plenty of other tips online for new creditors establishing credit.
How long have you been in your current job? Do you have enough savings to do a one-pay?
In general, leasing with little credit experience is easier with non-lux/non-highline brands. Your first new whip is unlikely to be a BMW without a co-signer or job/income history + solid credit and possibly + one-pay.
Remember itās not just your ability to make the payments: the leasing company is ALLOWING YOU to roll around in THEIR COLLATERAL for 2-3 years, expecting it back worth 40-60% of MSRP. Would you let someone with 7months of proof they paid anything on-time lease with a $45K car and hope it comes back in great shape in 3 years still worth $26k? Nothing personal but I wouldnāt.
One would think that a 1 pay would be the answer, but Iāve heard thatās not always the case. They still want to see youāre responsible so they get their car back in 1 piece with all 4 wheels still attached.
Find a 24 month lease on a nice Toyota, Honda, Hyundai, Kia, Subaru, FCA, GM, or Ford that you like, and once itās completed you are in a much stronger position to try for a BMW, Lexus, MB, Acura, etc.
Iāll add Iāve heard Nissan is easy to lease as well, provided you can tolerate/stomach the cars.