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Motorcycle Loan Count As Auto Loan?

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Anonymous
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Motorcycle Loan Count As Auto Loan?

I'm currently in the process of applying for my first car loan.

 

I previously had a $11k loan on a motorcycle, which I payed for 12 months before completely paying it off.

 

Does that motorcycle loan that I had count as previous auto loan history when the CU pulls my credit for the auto loan that I'm applying for?

 

Thanks!

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1 REPLY 1
RussianPassion
Regular Contributor

Re: Motorcycle Loan Count As Auto Loan?

Yes. The amount financed matters too though. So if with your bike you financed 10k and want to get a 40k Audi, it will affect your approval, rate and the required downpayment.

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