Just be cognizant of how many other lenders you're shopping with. Every inquiry on your credit report will have a negative impact on your overall credit score (FICO). Inquiries will sit on your credit report for 2 years.
It's not usually an issue if someone is reviewing your credit report after the fact because it's easy for a person to see you were shopping for a vehicle, but nowadays most credit decisions are systemic and use the credit score as a/the decisioning factor and will not take in to account WHY there are multiple inquiries.
Also - the rate the bank gives the dealer is called the "Buy Back Rate" and you are entitled to see it - you just have to ask.
I actually just found out that if you have multiple inquires into your credit within a 2-week period, they only count that as a single inquiry. So shopping around doesn't really hurt your credit that much at all.
I actually just found out that if you have multiple inquires into your credit within a 2-week period, they only count that as a single inquiry. So shopping around doesn't really hurt your credit that much at all.
That is correct. It may come up during a manual underwriting but is easily explained
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2007 Sierra Sport M26FSFB Toy Hauler
2002 Ford F250 7.3l 4x4