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Will either a lease buyout or a new car loan affect my credit more?

"I'm deciding between buying out my loan or shopping for a new car, but I'm worried either option might affect my credit.

Will every lender do a hard check on my credit? Which will affect my credit more?"

"

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Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Both the lease buyout and a new car loan require lenders to pull your credit history, also known as a hard inquiry on your credit score.
However, you can usually shop around at a variety of dealers all within a 14-day time span, and it will only go down as one hard inquiry.
If you’re shopping around at banks and lenders, the same rule applies.
So to answer your question, both will affect your credit score the same way. Whichever avenue you choose to pursue is a personal preference.”
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