Quote:
Originally Posted by Vic55
Alot of open ended questions that only a true analyst at BMWFS or at any bank could answer. There is much more than just a fico scored used in their decision engine-- they have an internal scorecard and will use a multitude of factors to determine creditworthiness.
Income determines PTI and again it will fall under their scorecard as to their payment to income thresholds.
Now I not only speak to BMWFS but any lender that looks at higher line luxury cars. And of course there are other mitigants such as recent derogatory credit, the level of the amounts past due, and so much more. And then there is comparable credit and how did you pay on that plus when and for how long.
Sorry but its just not a box answer sadly.
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Thanks this is actually great news. I’m glad they don’t just check your score. Definitely helps my cause.