So, after months of anticipation, research, and smart shopping; even getting all of the KDM Emblems for the car, I get the news that HMFC would only approve a payment of 475$ monthly on my V8 Tech lease. Apparently, the jump from my Honda Accord payments of 320 a month to a Genesis is too risky for them to allow. They want want about 5000 down to hop down into that monthly payment, which is illogical in the scenario some idiot totals my vehicle, and I won't be seeing that down payment again.
Credit is flawless. 10% CL utilization, house paid off, car paid off, steady 75k job, zero delinquencies, with a FICO across all three bureaus well up there that would qualify for the best mortgage rates. I'm shocked that I was denied for full credit.
What a disappointment. I always lease my vehicles due to tax purposes, and I have never had any issues with my past vehicles.
The funny thing is, on my way home, I stopped by my local BMW dealership (friend works there), as I was previously considering the 5-series. I put together a nicely equipped 5-series (Twin Turbo - I'll Vishnu it) with DSG for European delivery, and I was approved through BMWFS with no questions asked.
My current vehicle matures in a few weeks. While I haven't decided on the 5 Series yet, I will most likely be going ahead with it, mixing the European Delivery with high residuals gets the payment to nearly that of what I would be paying for the Hyundai.
This forum is great. I had nothing but positive experiences with you all and I learned a lot about the vehicle based on fellow owners and prospective owners. Thank you all for the great times! Try not to burn it up on the freeway too much
PS - If anyone wants to buy my KDM Badges (Rear/Front), 18'' Wheel Caps (The Premium Plus ones), the KDM airbag unit (black), another KDM Airbag sticker, and a full set of license plate brackets for rear/front, PM me.
Good luck guys!
Credit is flawless. 10% CL utilization, house paid off, car paid off, steady 75k job, zero delinquencies, with a FICO across all three bureaus well up there that would qualify for the best mortgage rates. I'm shocked that I was denied for full credit.
What a disappointment. I always lease my vehicles due to tax purposes, and I have never had any issues with my past vehicles.
The funny thing is, on my way home, I stopped by my local BMW dealership (friend works there), as I was previously considering the 5-series. I put together a nicely equipped 5-series (Twin Turbo - I'll Vishnu it) with DSG for European delivery, and I was approved through BMWFS with no questions asked.
My current vehicle matures in a few weeks. While I haven't decided on the 5 Series yet, I will most likely be going ahead with it, mixing the European Delivery with high residuals gets the payment to nearly that of what I would be paying for the Hyundai.
This forum is great. I had nothing but positive experiences with you all and I learned a lot about the vehicle based on fellow owners and prospective owners. Thank you all for the great times! Try not to burn it up on the freeway too much
PS - If anyone wants to buy my KDM Badges (Rear/Front), 18'' Wheel Caps (The Premium Plus ones), the KDM airbag unit (black), another KDM Airbag sticker, and a full set of license plate brackets for rear/front, PM me.
Good luck guys!
