FMC Options credit score & bureau pull ?

[4sallypat]

Even if you apply online the dealer will probably pull your credit too. They have due diligence reasons to validate your identity.

Once you are ready to actually finance the dealer 99% of the time will enter a new application for you. They almost never re-use any online application that was customer entered.

Ok, that makes sense.

Do you know if I can ask the dealer to only pull from 2 bureaus ?

My Experian score is the lowest due to my business credit apps - my TransUnion and Equifax are highest.

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[RickMachE]

There is zero reason for the dealer to pull credit IF they know you, and you apply via Ford Credit.

I specifically asked them not to. And my credit is locked, only unlocked for a day for Ford top pull it.

Why would anyone pull from multiple bureaus?

 

[hybrid2bev]

Ok, that makes sense.

Do you know if I can ask the dealer to only pull from 2 bureaus ?

My Experian score is the lowest due to my business credit apps - my TransUnion and Equifax are highest.

It doesn’t matter which bureau the dealer pulls. Ford Credit is going to separately pull your credit. Ford Credit will use the bureau which best reflects your credit history.

 

[hybrid2bev]

There is zero reason for the dealer to pull credit IF they know you, and you apply via Ford Credit.

I specifically asked them not to. And my credit is locked, only unlocked for a day for Ford top pull it.

Why would anyone pull from multiple bureaus?

Not all bureaus are equal. Some companies only report to specific bureaus (not all of the big 3). If you want the full picture you have to pull all 3 main bureaus. But it’s not required.

 

[ChuckA]

Thanks - I figured that FMC is bit more lenient than BMW or MB.

When I got the soft pull score of 725, I figured I was good for a tier 1 rate.

I always wonder how Ford calculates creditworthiness by using SP / public data when I got this email from FMC - $110,000 credit preapproval - why and what would I spend $110K on Ford ??

If you can walk and fog a mirror at the same time, you get approved. With options having a stable address is more important so the EV can be repossessed.

In CT I didn’t get a number, just approval, at the close. I take it you applied for pre-approval.

 

[GoGoGadgetMachE]

That's funny but real - the Platinum F150 Lightning sure is priced there fully loaded.

I have a reservation since May of last year and still waiting for my turn to order one.

I am looking at the Pro trim with standard battery for me (small business deduction + HOV carpool exemption).

Mach E for the wife.

I'm well aware it's real. ?

I am trying to decide how many kidneys someone needs, anyway.

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