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I leased a new Acura on Nov 30 while returning a leased Honda. Since Acura Financial Services is part of Honda Financial Services it was an easy return and new lease. The Honda shows on the site as being paid off with the Acura current. My question is how is this going to affect my FICO scores? Any ideas on what the "net result" will be? Already paid the price for the double pull - one from the dealer and one from AFS.
Thanks
Sorry, there are too many factors, and not enough information about your specific credit profile.
Most likely you will lose a few points from the inquiry and new tradeline. I'll guess 12. But that is not based upon any hard evidence.