Almost 3 years ago I signed a lease for a CLA250 and have never been late on a payment. Since then I've had a few business setbacks that have caused my credit score to drop. Now that it's time to turn in the lease, I thought that it wouldn't be an issue to go into the new model since I was already making all the payments. I was surprised when I found out that they were pulling my credit again to re approve me but when they saw that my credit score had dropped, they wanted to charge me $4000-$5000 down to do what Ive been doing for 3years now. I think that this is greed and makes no business sense at all. I understand that in the beginning, Mercedes and I had no business relationship and that credit is pulled to assess risk but after paying on time for 3years I think Mercedes should know that they arent at risk, even if my credit has dropped. Im just going into the same car, no upgrade.
I had nothing but good things to say about Mercedes until now. This has put a bad taste in my mouth and the last company to not show some type of loyalty that I had dealings with I dropped.
Robert
Irvine,#2Consumer Comment
Sun, October 22, 2017
All you have done in this post is to admit on a Public Web site that you have no issues stiffing other creditors if times get tough and somehow think that obligates another creditor to trust you with another car worth 10's of thousands of dollars just because you haven't stiffed them...yet.
But I really give you credit as some of the comments you made really took some thinking and twisting to try and justify your position.
I think that this is greed and makes no business sense at all.
- It doesn't? Perhaps this lack of understanding of risk and business is a big part of why your business had a few setbacks.
I had nothing but good things to say about Mercedes until now.
- Yea, people rarely jump for joy when they are denied credit.
This has put a bad taste in my mouth and the last company to not show some type of loyalty that I had dealings with I dropped.
- Sorry but Mercedes has basically told you to go away. So it seems that they don't have any issues losing your loyalty. But I am sure as time goes on, in your mind you will convince yourself that you left them.