05-22-2019, 02:56 PM | #1 |
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Car is built and at port, but still no credit pull
Hi, a question regarding credit pulls on a custom build. My order was placed on 5/8 and currently is sitting at the port waiting for a vessel. I do not see any hard pulls on my credit yet based on credit karma. However, my CA said the credit was submitted to BMW. I am wondering if anyone have a similar experience. I am little bit concerned since my understanding is in order to get this month's program the credit needs to be run this month? Otherwise I can only get June's program when it delivers?
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05-22-2019, 05:56 PM | #2 |
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When they ran the check, you should've received a response from BMW, either an approval or a denial. I did mine online and got a response the next day. I suppose you can always ask your CA for the approval letter, or contact BMW FS directly and find out for sure. If approved, you should get an approval/confirmation code with an expiration date.
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05-22-2019, 10:23 PM | #4 |
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Credit karma sometimes is delayed from my experience, maybe sign up to a trial to a better reporting tool.
Side note: Interested in your MSRP ...your build selling price offered to you etc as i'm in a similar situation about to pull a trigger. Wondering if they still do agressive ~5-10% MSRP discounts before incentives for custom order m340i's. Also did you put any deposit down for this custom order or sign anything if you end up not doing it? |
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05-23-2019, 05:51 AM | #5 |
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Last time I ran my deal thru leasehackr it was about 8.5% off before incentives and rebates. So yea, they definitely discount orders. No money down, all due at time of pickup.
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05-23-2019, 09:09 AM | #6 |
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Thanks for all your feedback!
Credit Karma has TransUnion and Equifax, so there is a chance BMWFS use Experian only. However, I do see someone says he/she got a hard pull a few days later on CK after order was placed. I was able to get 10% off before 3750 incentives (lease credit+ loyalty + OL code). I did fill a credit card authorization form for $2000 deposit but they never charged as well. |
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05-24-2019, 06:48 AM | #7 | |
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Quote:
At time of delivery dealer did another pull (Experian and Transunion)! Which was pointless since I already had approval! Since both pulls were done within 3 weeks of each other, it was treated as 1 hard pull.
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Current: 2020 M340i
Previous: 2016 M4 Sakhir Orange Not too distant future: ///M3 or ///M5 (ED) |
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