I have two cars that I pay a total of $800 a month on (not including insurance). I want to get rid of both vehicles and get one that will have a monthly payment of about $450. I am also in the end stage of my home construction and should be closing on the house in two to three weeks. Will getting rid of my two vehicles and getting another one negatively affect my credit? If so, why?
Read more: Does buying a car hurt your mortgage loan outcome?
