Hi AN Edmonton. Even though your credit score is important when approaching Ford Credit, a lot of the approval has to do with employment tenure and income. For example, if your credit score is 800 and you make $2000/monthly, you simply will not be able to debt service a $45,000 truck or SUV. Having said that, if your credit score falls somewhere between 600-750 and you make $5,000+/monthly, as long as there are no current deliquincies present on your bureau, obtaining an approval really shouldn't be too difficult.

With any other loan, job tenure, equity and asset all count for tiering with Ford Credit. They score their financing based on internal tiering, 0 being the best.

Enjoy the new ride.

When I checked in March my TU score was 686 and Equifax was 707. Ford credit rated me at tier 0.

Did your credit score go up?

Just thought I would let everyone know, got approved for a 36 month lease on a 2011 Lincoln MKX at 1.99% with $1000 down. I am very happy about this. Thanks for everyone's help in the forum.

Anthony

Just waiting on my free consumer disclosure report and score from Equifax. Will see what the score will be.

Anthony

Did you check your credit score with Equifax? I recently checked mine with both and my credit score was sixty points higher with Equifax.

Hi there,

Eventually I'd like to pick up a newer car someday. With my credit score of 672 (TU) I was only able to get pre-approved by ford credit to $15000. My search ended there since the car I would like, is way over $15000. Almost 4 years ago MB financial gave me a lease on a year old 2006 Mercedes B200 Turbo with 9000kms ($31900 total price) since then I paid out the lease buy option and thought about a new car. I'm sure my credit score was worse then, don't remember what it was. I don't mind leasing again but I wonder if I can get approved for something over $31900?? The car I would like is $46000!!! My car is still in great shape so a new one isn't really required but another kid on the way has me thinking about more space. Right now the plan is to wait until my score goes up. It sounds like I don't need 800 to get a good rate but what have other people scores have been to get approved? 750?
Another question is do I pay off my student loans (in good standing) I still have to try and increse my score or use that money as a down payment to get approved for a lease??? The interest paid on student loans is tax deductable. What to do?

Anthony