Does financing a vehicle hurt your credit score?
So my wife and I are in the market for a new vehicle - looking at a truck. We went in with the intention of paying cash (or mostly, maybe financing a few grand on our line of credit if need be), but we were offered 0% financing for 4 years which wouldn't affect our purchase price with GMC. We're somewhat inclined to do the 0% financing and throwing most of the savings we were going to use to pay for it on our mortgage. We're just concerned that it might affect our credit scores negatively - we're both sitting at around 800 and don't want to harm it in any way....
So, which route would you suggest?
Thanks!
So, which route would you suggest?
Thanks!