Quote:
Originally Posted by CoupedUpSubie
Honestly if you can afford to pay for a 25-30k car in cash, your credit should be really good. Look into a loan, make sure there are no early payoff penalties, pay it off in a year with auto payments out of a savings account.
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I might take out 5k for 12 months to help build credit. I got a credit card a little over a year ago to help improve it. I think my score was 691 then.
I can't remember if it was 10% or 15% of your fico is made up of different types of loans. So an auto loan would be good to add on.