<prompt> Human: Car dealer said they can knock off 3k if I buy it with finance. With cash, they can only take off around 1k so I bought the preowned with financing. Im in NY and they said there is no penalty of early payments. I have enough cash to pay off 20k so Im not worried about the 10.0437;. However the finance guy at the car dealer was telling me that I should not pay off everything in one go. Although Ive 760 credit score, Ive only been in this country for under 2 years. I have nothing on finance nor do I have anything under my name which is why that I have a very bad rate. He propose that I leave around 500 or less and pay it off in 1 year. 10.0437; is incredibly high but if its only 500, I dont mind. What do PF suggests?edit: I already bought it with finance. Im just debating whether I should pay off all 20k in one go or leave around 500 and build up my credit?edit2: Most people suggest to pay it all off so Ive just paid it all off in one go. I guess keeping the remaining balance at 500 would not help me get a better deal on the next loan for when I need it.  <response>: My guess is that the dealer gets a certain cut for offering the financing but loses it if you pay off the loan too quickly.If you want to build up credit, get a credit card, make small purchases, pay it off in full every month. 