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Car loan hit

Regular Contributor

Car loan hit

So I was just approved and already purchased a "new" 06 Civic with total loan amount of 16k

 

How much of a hit are my scores going to take from this?

 

TransUnion Experian Equifax
549 500 516 6/2008
TransUnion Experian Equifax
598 530 608 6/2009
TransUnion Experian Equifax
613 602 624 7/2009
Message 1 of 5
4 REPLIES
Established Member

Re: Car loan hit

Hi....I don't have an answer to your question, but I want to know who you got financing with?  I have scores similar to yours and am looking to purchase a used car.  Smiley Happy
Message 2 of 5
Regular Contributor

Re: Car loan hit

I went to a local place in San Diego who got financing through Mission Federal Credit Union

My Auto Fico was 730 i when I was filling out the paperwork

 

TransUnion Experian Equifax
549 500 516 6/2008
TransUnion Experian Equifax
598 530 608 6/2009
TransUnion Experian Equifax
613 602 624 7/2009
Message 3 of 5
Regular Contributor

Re: Car loan hit

oh the name of the place was Siry Auto
TransUnion Experian Equifax
549 500 516 6/2008
TransUnion Experian Equifax
598 530 608 6/2009
TransUnion Experian Equifax
613 602 624 7/2009
Message 4 of 5
Highlighted
Established Member

Re: Car loan hit

Thanks for the info!  And, I think the hit to your scores for the new account will be minimal, maybe a few points.  I remember seeing this topic addressed in some other discussions.  Congrats on the "new" car!! 
Message 5 of 5