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Posted in Auto Loans
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Question By
Artcent

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Does it hurt my credit if I trade in my vehicle for another with only 6 months in the loan?
My family is growing and I need a bigger car. I didn't know this 6 months ago.

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Top Contributor
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Yes, a little. You will be closing a loan, adding a new loan with a full balance, getting hard inquiries and lowering the average age of your accounts.

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