Credit Question

[marshman]

When making a big purchase like financing a vehicle and your credit is ran, how long is it good for without running it again?
Almost bought a new truck about 2 weeks ago but at the last minute got cold feet and backed out because my monthly note was just out of my comfort zone. But now the same truck at the same dealership has been discounted and now it’s more in line with what I was wanting my payments. Would my credit have to be ran again if I decided to go ahead and buy it?

[WTX]

I believe it’s good for 30 days

[bbbuck]

If you made it through the first round I’m sure you’ll have no problem getting the truck on the second go around. It hasn’t moved and sounds like they are ready to get it off the lot. You have all the leverage.

[Txhunter3000]

Take the payment you would be paying and bank it. When you have the amount saved up go and buy it. Rinse and repeat. You will always be ahead of the curve.

[justindfw]

For vehicles you have 30 days for others to run credit. It won't hit you as hard it's looked at as a shopping event. Over 30 it will hit you harder. I ebleive hard inquiries stay on your report for two years

[Capt.Brown]

Take the payment you would be paying and bank it. When you have the amount saved up go and buy it. Rinse and repeat. You will always be ahead of the curve.

Good advice.

[dustindrby1]

For vehicles you have 30 days for others to run credit. It won't hit you as hard it's looked at as a shopping event. Over 30 it will hit you harder. I ebleive hard inquiries stay on your report for two years

Beat me to it. This is correct, but considered a shopping event if you’re applying for a specific credit type ie. auto credit.
If you’re applying for credit cards, auto, mortgage in the same 30 days the inquiries will pile up on you.