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Posted in Auto Loans
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Kadaverous

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trading in cars
If i traded my car in to the dealer for another car, which i yet to have paid off, and open another auto loan account to pay for this account and eliminate the remainder on the current loan, how will this effect my credit?

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little impact

One loan is going away and another one is opened. It will have minimal impact. Though you may want to stay away from more hard inquiries the next few months so that you don't get hit for recent inquiries.

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