Required credit score from IFS for leasing?
#5
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700 i believe is teir 1, but they'll take lower scores depending on the desire of your salesman to work with IFS, you might just have to settle for a lower teir qualification if your not to strong in the FICO department.
#6
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FICO isn't everything. Is where it's mostly based sure, but not everything. I've seen 735 Equifax scores get Tier 2 because of weak or poor automotive payment history. Conversely, I've seen 685 get Tier 1 because they were strong in automotive payment history, but might be maxed out on a credit card or something.
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#8
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So how important is it to have automotive credit? Even the dealers I'm dealing with have said as long as there's a FICO score, and it's good, that means there's credit history they can work with.
#10
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The finance manager I spoke to when I bought my G37 said that Tier 1 was 720+, Tier 2 was 650-720, and Tier 3 was 'somewhere lower'. But he said at the time that Tier 1 and Tier 2 were both getting the same financing rates.
So you may not have to be in the top tier to get the best rates.
So you may not have to be in the top tier to get the best rates.
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#15
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also.. your past car payment history is very important... especially if you had a nissan / infiniti thru them before... when i get the 37 this summer, it will be my 3rd Nissan lease..... no missed or late payments... that's a bigger deal than credit score.