Upside down and need help!!!!

[kuc21]

My mother has recently retired and moved back to our home state in a building I am set to buy at the end of the month and needs a car. I current have a car that is about 4 years old with approximately 100000 miles on it. I still owe around 11 thousand on it and my interest rates are thought the roof. I wanted to refinance it but won't be able to without dropping about 4000 up front and I would need a new car. How does carrying two car loans impact my credit score?  Any suggestions on what I should do would be greatly appreciated. 

[Creditaddict]

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@kuc21 wrote:

My mother has recently retired and moved back to our home state in a building I am set to buy at the end of the month and needs a car. I current have a car that is about 4 years old with approximately 100000 miles on it. I still owe around 11 thousand on it and my interest rates are thought the roof. I wanted to refinance it but won't be able to without dropping about 4000 up front and I would need a new car. How does carrying two car loans impact my credit score?  Any suggestions on what I should do would be greatly appreciated. 

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if you are buying a building you should not  be doing things with auto loans that will pull credit in the prcoess of taking on a mortgage.

Otherwise though 2 car loans is not that big of a deal... just do them very close together.

[Remember0]

AFTER your mortgage, you should be able to.

Also what's your FICO look like? And once you close, you can look into refi'ing. Some lenders do more than 100% LTV for prime customers (generally 680+ or 720+). What's NADA Clean Retail on the car and how much do you currently owe?