Thomas
Anderson,#2Consumer Comment
Sat, August 04, 2007
The usual strategy is to buy a "new" car AFTER you finance [or refinance] a house. The house mortgage folk will baulk when they see an auto loan & they will add the auto payments to your "debt", used to calculate your "debt to income ratio". On the other hand, the auto finance companies don't care so much about your mortgage. I think the five credit inquiries on one auto sale should count as one inquiry if you actually bought the auto. If you didn't buy the auto then the 5 inquiries become 5 rejections...