Auto enhance FICO question

[classicgirl]

Hi All,
My FICO is just above 700 and I'm about to try to purchase a new car. However, I have just learned about this auto enhanced FICO and it is different than e regular FICO score. I have paid outright for all my cars and have never had an auto loan......will my auto enhanced FICO be lower than my regular FICO score because of my lack of auto loans? Just trying to learn the lay of the land before I wheel and deal with the sharks.

[Barris]

AE FICO scores are no different from your garden variety FICO/BEACON score, the difference is that the algorithm is slanted towards not just auto loans but any kind of installment loan in general. like mortgages. If there is no installment loan history, then revolving accounts are taken into the mix. Given that you have no history of auto loans, your score should be near about your current FICO/BEACON score.