Hard credit inquiries are a part of determining your creditworthiness. A single inquiry is no big deal — expect a drop of around 5 points — but multiple hard credit inquiries can cause real damage to your credit score. Also, if you’re trying to build your credit or seeking a loan, even the smallest changes to your FICO score can make a big difference.

There are still many myths circulating about the process of buying a used car. Debunk those myths and discover how to buy the right used car that fits your budget and needs.