Congrats on the new car!! Your credit score will not soar because it is considered an installment loan and installment loans do not have a huge impact on your credit score. If anything, it will go down because of the new account added and hard pull inquiry.
In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.
