Don't worry about the credit score. Even if you have multiple queries in 45 days, it only counts as one, and hardly affects your score anyway.
If you are going to Honda dealers, they all use American Honda Finance, which is the company that has to approve your credit and finances. A dealer can't approve your credit -- he can check your credit and confirm that you have good enough credit to buy, but he doesn't approve you. Only American Honda can do that. The dealer only confirms that he is not wasting his time or yours by letting you fill out a loan application.If Im approved at a Honda Dealer with my co-signer and find a better deal elsewhere will I get approved there?If you get approved at 1 dealer,take the #s to the second dealer and see if they can match it before you sign anything! To answer your question,NO inquiry may bring your score down a notch but if one dealer approves you,more than likely anybody would finance you especially Honda.You or your cosigner must already have great credit and it won't effect their credit score at all! And your credit score will boost very shortly!If Im approved at a Honda Dealer with my co-signer and find a better deal elsewhere will I get approved there?
the score won't be affected right away it takes about 30 days to get updated so shop around and get the best deal possible but if you have to use a co-signer your might not be able to get as good as deal as possible.If Im approved at a Honda Dealer with my co-signer and find a better deal elsewhere will I get approved there?If you need a cosigner, it's because a lender sees you as a bad lending risk on your own.
Would you not take that as a hint to step back and downsize your dream here?
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