New car loan- drop in points?

[Anonymous]

If I get a new car loan, or lease- there will be hit against my score?

How long of paying it on time until the "break even" on the score hit?

[Dj4Money]

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@Anonymous wrote:

If I get a new car loan, or lease- there will be hit against my score?

How long of paying it on time until the "break even" on the score hit?

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 Your score MAY go down depending on a few things. But it doesn't happen to everybody. Long term it's not an issue, it will rebound based on your credit card usage and paying on-time on the installment loan (auto, school, home). 

[Anonymous]

Credit Cards below 9% utilization-

After 6 months of on time payments on the car loan - will it help my mortgage scores go up?

[ezdriver]

Scores are impacted whenever one drops or adds a tradeline. Over time, score will recover.

[Anonymous]

I got approved for an auto loan and my scores stayed the same. Approval was 5/15/15