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      11-15-2012, 01:05 AM   #10
Insert Something Witty.

Drives: 2009 328i
Join Date: Jul 2012
Location: California

Posts: 32
iTrader: (0)

It will factor into a lower Average Age of Accounts, but if you have established credit lines, it won't be a major issue. It will temporarily ding your score for 6-12 months, given it's still a fairly new account.

Not a major issue, however, if you have other well-established tradelines (credit cards, other loans, etc). And $2k is a better deal than a slight ding for a short while.