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It varies according to the dealer.

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14y ago

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Does trading in a financed car negatively impact your credit score?

Yes, trading in a financed car can potentially impact your credit score negatively if you have outstanding debt on the car loan that is not fully paid off during the trade-in process. This can affect your credit score by increasing your overall debt-to-income ratio and potentially lowering your credit score.


What does a credit score do for people?

A credit score is looked at to see if you can obtain a loan or get financed for a house, car, etc. It is important to try and keep your credit score as high as possible.


If I have 75 percent for a downpayment on a car will my credit score affect the remaining amount to be financed?

no you should be fine with the 75%


What can you do with a car that is still financed but has a blown engine and is not worth fixing?

Continue to make the payments if you value your credit score Otherwise it will be repossessed running or not and that's a big black mark on your credit


Does your credit have to be good to be financed for a car?

No, you do not have to have good credit to finance a car. There are many companies out there for those with bad credit.


Is credit score 606 good?

A credit score of 606 is considered a good credit score. 680 and above is considered an excellent credit score. A good credit store is important if you need to acquire financing for a car, home, or business.


How good does your credit need to be for a car loan?

Nothing is published on what credit score you must have to obtain a car loan. There is information about having a high score means getting a better rate on your car loan.


What banks with bad credit will give car loans?

i need banks that will give car loans with a beacon score under 540 score


Can you get a car loan with a credit score of 580?

Yes, this is a fair credit score.


Would you need a co-signer for a car loan with a credit score of 682?

682


How does 522 credit score rank?

522 is a very low credit score. It is probably very difficult if not impossible to obtain any credit with a score that low. The national average is 687. You will need to improve your credit score if you plan on ever having a house, car, credit cards, etc....


Is 650 a bad credit score?

The credit score 650 is really not that bad. With a 650 credit score you can finance a home or car.