I recently posted that I was looking to buy a new car, but now I have a question as I've been doing a bit of research.
I will be getting a decent sum of money when I am able to cash in my company stock option in March. I was going to wait until then to buy the car and put a decent down payment on it. This month there is a 500$ rebate on the car if I finance with the dealership. So if I bought the car now, then refinanced in March with a credit union with a big down payment would this have a big negative impact on my credit score? Should I wait or is this a fairly safe thing to do?
My credit score is in the 700-720 range
I will be getting a decent sum of money when I am able to cash in my company stock option in March. I was going to wait until then to buy the car and put a decent down payment on it. This month there is a 500$ rebate on the car if I finance with the dealership. So if I bought the car now, then refinanced in March with a credit union with a big down payment would this have a big negative impact on my credit score? Should I wait or is this a fairly safe thing to do?
My credit score is in the 700-720 range