 TITLE: What Is a Cash-Out Auto Refinance? CONTENT: How Does Refinancing an Auto Loan Affect Credit?\n------------------------------------------------\nIn general, refinancing your auto loan won't have a significant impact on your credit score. When you first apply for the loan, the lender will run a hard inquiry on your credit report, which can temporarily lower your credit score by a few points.\nKeep in mind that when you're shopping around, all of your hard inquiries will be combined into one for credit score calculations, as long as you complete your rate-shopping within a short period—14 to 45 days depending on the credit score model being used.\nIf approved, the new auto loan will also reduce your average age of accounts, which impacts your length of credit history. And, of course, if your new loan is higher than your old one because you took cash out of your vehicle's equity, it could impact your amounts owed.\nHowever, as long as you make your payments on time and manage your other debts well, you likely won't see any long-lasting negative effects with an auto loan refinance. END