If multiple companies are checking my credit for an auto loan, does that bring my credit score down?

Yes it will affect application for a loan big time.

To understand how and why check this link on my website http://www.usedcartips.org/CREDI.html if you have blemished credit website will teach you how to repair your credit score.

If multiple companies are checking my credit for an auto loan, does that bring my credit score down?

Auto Loan Guide: http://autoloanguide.automobil... Report It

If multiple companies are checking my credit for an auto loan, does that bring my credit score down?

Yes.

If multiple companies are checking my credit for an auto loan, does that bring my credit score down?

Each time your credit is checked, your over-all score does go down.

If multiple companies are checking my credit for an auto loan, does that bring my credit score down?

Yes. Any time a agency checks your credit it lowers your score by about 2 points. This is because the mathematics involved make the reporting agencies think that you are trying to obtain more credit.

Good luck!

If multiple companies are checking my credit for an auto loan, does that bring my credit score down?

every time some one checks your credit it drops.

If multiple companies are checking my credit for an auto loan, does that bring my credit score down?

what you should do is before buying get a copy of your credit score so you know who will finance you with a pre approval. If all these companies are looking at your credit that tells me they are trying to get you financed.

If multiple companies are checking my credit for an auto loan, does that bring my credit score down?

YES it does.

What most dealers do is that they shop your credit around to get the best rate(but not always for you) for the dealer to make the most on the financing, yes you may get a good rate but dealer gets a better one. And your score goes down.