@fury1995 wrote:
If your primary purpose when purshasing a car is to avoid multiple inquiries (or any inquiries for that matter) by the dealer.. then don't go to a dealership.
Find a car from a private seller and apply for financing from your preferred lender by your own intent.
I find it amusing when I see people post statements like "dealers love to rate shop" or similar statements like this. The correct assumption is "dealers love a profit". What business doesn't?
Dealers do not care one way or another whether you have one, two or fifty inquiries as a result of purchasing a car. It's not their concern or within their realm of thought. Why should it be?
The only motivating factor dealers have with a credit application is finding a bank that will provide terms to a dealer based on the application that will make the dealer additional profit.. It's the secondary purpose for providing indirect lending. That's it. It's not a secret.
^^^This statement in red is why you should get your financing elsewhere - either Chase or a CU. As others have pointed out, your credit profile shows you can get financing anywhere. The dealership is only looking to make the deal with you and the consequences of many inqs have no effect whatsoever on the dealer finance person. We each have to watch our own reports and bear the consequences of credit seeking.
Since you are going for a mortgage next year, you don't want to have an extra 10 to 50 inqs from a car dealership on your credit report. Yes, the inqs that are properly coded only count as one, but generally the inqs are not always properly coded for auto. The u/w for the mortgage will see each and every inq put on by the dealership. It is not an issue, but they will ask why you have so many inqs and you will have to write a LOE. Avoid all that and just go for the Chase auto loan: it is convenient, decently priced and will save you time and effort when you go for your mortgage next year.
