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Want to buy a house this year and need to buy a car

New Visitor

Want to buy a house this year and need to buy a car

I was wondering: 1) is this even possible? 2) the impact either one would initially have on my credit score and 3) which should be done first and 4) how long will the impact of the first action influence the latter.
 
 
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Moderator Emeritus

Re: Want to buy a house this year and need to buy a car

Welcome!
 
Most people would say buy the house first, then the car.
 
But there are exceptions to every rule.  It depends what your whole credit picture looks like.  I bought a car one month before I bought my first house, and there seemed to be no negative effect.
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Bartender, bring another round of FICOtinis please!

9.4.2011: TU 805. EQ 815.
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