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Posted in Auto Loans
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Question By
jessie3306

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Auto loan refinancing
I have Harley Davidson financed over the last year and a half, looking to purchase a newer used vehicle for everyday driving, thought about refinancing the motorcycle to get my payment amount lowered so adding another vehicle payment won't be such a hard blow to the finances,, will refinancing the current loan on the motorcycle put a big hit on my credit score, should I wait till after I buy the other vehicle to refinance the motorcycle so my credit score won't take a hit before applying for another auto loan, I know the lower my score the higher the interest I will probably have to pay!! But if I add another auto loan before refinancing the motorcycle if my score goes down, the interest on bike might go up!! Not sure how to handle this to achieve the smallest credit blow!! Due to inquiries??

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