My company was denied a car lease from Tesla Finance despite excellent personal and business tax returns.
I'm not going to post numbers as that is not the point of this thread but just wanted to let fellow members know that you should think twice before considering them as I wasted time and a hard inquiry on my report for nothing.
Update with Details
- a personal guarantee was agreed, it is part of the leasing program
- the principal earned almost a million in salary
- the company earned several millions in net profit
- the company has $1M+ in cash
The reason was lack of credit history.
Since I like the car, I will just buy the car outright despite the wife nagging that I should get a Porsche (already have one, want something new).
So my advice is unless you have excellent credit history, think twice before applying for their lease as you may waste a hard hit on a super tight underwriting process.
Update #2:
Going to get a Panamera GTS instead... love the quality of the interior and the roar of the V8.
I'm not going to post numbers as that is not the point of this thread but just wanted to let fellow members know that you should think twice before considering them as I wasted time and a hard inquiry on my report for nothing.
Update with Details
- a personal guarantee was agreed, it is part of the leasing program
- the principal earned almost a million in salary
- the company earned several millions in net profit
- the company has $1M+ in cash
The reason was lack of credit history.
Since I like the car, I will just buy the car outright despite the wife nagging that I should get a Porsche (already have one, want something new).
So my advice is unless you have excellent credit history, think twice before applying for their lease as you may waste a hard hit on a super tight underwriting process.
Update #2:
Going to get a Panamera GTS instead... love the quality of the interior and the roar of the V8.
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