Dealer Buy Back Impact

[jrubedjmp311]

Hi All,

I was leasing a 2019 accord. It gave me tons of issues and I was going to go Lemon Law. After contacting the dealer, they paid off the lease, took the car back and gave me a new lease with the same terms and a 2020 model.

Since they are paying off this lease in full and I'm starting a new loan, how will this impact my credit score? I didn't expect to have a Hard Inquiry or new loan

[Loquat]

It'll basically be like buying the car all over again. You'll have the old lease account showing closed on your credit reports and your reports will also reflect the new lease once it starts reporting.