I had a year left of payments on my previous car with a monthly payment of 370, I just bought a new SUV for 25k with monthly payments of 450. Will my score drop? I have a 619 (EQ) 644 (TU) and 673 (EXP). I just have two other low limit CCs with a utilization at 4%
Your score might go down a bit from the new account. That will reduce your AAoA.
Also, your score might drop a bit from the higher utilization on the loan. Although, utilization on installment loans is weighted much less than utilization on revolving debt.
All in all, not a big deal. No worries. Just work on getting that loan paid down as fast as you can. Pay often and pay a lot.