I recently financed a new truck.
I put more than half down.
My credit isn’t the best so my interest rate sucks and I’d like to pay it off as quickly as possible, however I also want to improve my credit rating.
I can’t pay it off right away but I probably could in a few months.
The car dealership said it doesn’t matter if I pay it off right away because as long as I pay it off it will improve my score.
However other people have told me that I should make payments for at least 6 months to establish a pattern, then pay it off.
Of course the longer I take to pay it off, the interest keeps on accruing.