Credit Score/financing question c63s sedan order
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C300
Credit Score/financing question c63s sedan order
I just placed an order for a c63s sedan with one of my local dealerships. I was looking over my paperwork from when I purchased a used c300 and noticed a form called “notice to motor vehicle credit applicant” it basically tells me which of the four major credit reporting agencies they used to obtain my credit score. The form list all four and shows one checked, in my case trans union.
My questions is this. Can I advise the finance department at my dealerships and or a credit union which credit reporting agency to use to check my score? Asking because I monitor my scores weekly and one of the three major reporting agency, experian, is significantly higher 810 than transition and equifax which are both around 750.
Thanks in in advance for any answers!
My questions is this. Can I advise the finance department at my dealerships and or a credit union which credit reporting agency to use to check my score? Asking because I monitor my scores weekly and one of the three major reporting agency, experian, is significantly higher 810 than transition and equifax which are both around 750.
Thanks in in advance for any answers!
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good luck. I have not known of the ability of a customer to dictate where to check his credit. If anything, I think that would raise suspicions.
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750 is still A+ paper, but you might get questioned about it. We would likely ask you about it and with that story, we could opt to run a different agency to validate it. Costs money, but made back in the loan.
But yeah no, you don’t get to ask for it.
But yeah no, you don’t get to ask for it.
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(Also, you can lock the report you dont want accessed)
If you are dealing with a reputable dealership, they know what goes on with credit and understand it, and will work with you/it.
I just purchased 2 cars (C63s, and a C43) in the same day, and ran one of my Trans, and the other on my Experian....
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MB uses Trans most of the time, but you can tell the Credit Manager to ONLY run what report you want, and you can tell them to ONLY run it 1 time, and if they are going to SHOP other lenders other then MBF, they can share the report they got.
(Also, you can lock the report you dont want accessed)
If you are dealing with a reputable dealership, they know what goes on with credit and understand it, and will work with you/it.
I just purchased 2 cars (C63s, and a C43) in the same day, and ran one of my Trans, and the other on my Experian....
(Also, you can lock the report you dont want accessed)
If you are dealing with a reputable dealership, they know what goes on with credit and understand it, and will work with you/it.
I just purchased 2 cars (C63s, and a C43) in the same day, and ran one of my Trans, and the other on my Experian....
this. After all the best possible credit score is best for everyone involved.
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I guess I’m not too concerned. Even hearing that even 750 is good enough for top tier. At least my 810 is experian which is used for FICO scores so that’s good
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AMG C63s Sedan , AMG C43 , AMG G63 , GLK 250
GOOD LUCK and cant wait to see pics of your new ride!
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Might want to check out credit union rates (penfed, etc.) before financing with dealership. It's usually a lower rate than whatever bank the dealer is working with can offer. As others mentioned 750 is pretty good, from there to 800+ isn't going to be much of a difference in rate offered.
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From: Flat Earth
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Might want to check out credit union rates (penfed, etc.) before financing with dealership. It's usually a lower rate than whatever bank the dealer is working with can offer. As others mentioned 750 is pretty good, from there to 800+ isn't going to be much of a difference in rate offered.
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I heard MB financial uses TransUnion Fico score. Does anyone know if it’s the straight Fico score like one of the Fico Auto scores, probably 8 or 9? Guy on YouTube who’s a car broker says most dealerships use FIco Auto 8 currently. Wondering if anyone has any experience with that
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As per the prior post - your Best Bet for Best Rate for up to $100K - is to join PenFed - which can all be done online - if you're not former military or government they allow you to join online one of two qualifying nonprofits (like $30) and then $35-$50 membership fee's.
PenFed has aggressive and straight forward new car rates - that you can use as a tool to get your dealer aggressive - you can check with PenFed is they have a "smart buy" (another way to say term balloon - which you might choose to use to bring payments down as long as end-term balloon is set to a reasonable/realistic #.
PenFed has aggressive and straight forward new car rates - that you can use as a tool to get your dealer aggressive - you can check with PenFed is they have a "smart buy" (another way to say term balloon - which you might choose to use to bring payments down as long as end-term balloon is set to a reasonable/realistic #.
