Quote:
Originally Posted by DrewM5
It seems that they did not reject you based on ability but because of a pretty glaring discrepancy. All they are asking is that you resolve the confusion that you inadvertently created by using vastly different income figures. And there are many ways to establish income other than tax returns. Given the mess of the credit crisis resulting at least in part by some very sloppy lending practices, I for one, am happy to see some return to responsible due diligence. It does suck that you got caught up in this, but if you look at it from the outside, it may actually be a positive and responsible act.
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+1 all I had to do was show them current account balances both cash and market and that I actually worked... And I got approved for 2.99 and boom cars mine driving now as a 20 something.
On the flip side I was not approved for any kind of lease even offering to pay the entire lease up front lol (this after buying 5 cars ever 6 months for the past few years in cash).
They said now that I'll have a track record with payments made to BMWFS I should be fine from now on. For lease or buying... The weird thing is 4months prior I tried to finance an m3 and they wanted like 70% of the car up front and a 3.19 apr for the remainder lol got a better deal on an m5 in October lmao
Elite status credit in case you were wondering.