<prompt> Human: Just bought a new car last night. I wanted to drive off the lot with the car immediately after we agreed on price and offered to cut them a check. They told me they didnt accept personal checks, and that it would have to be certified by the bank... and since it was 8:30pm, all the banks were closed in my area.So instead, they offered to give me a loan for whatever I couldnt fit on my credit card, and then I could walk off with the car. As Im talking to the finance specialist at the dealership, he told me I was disapproved by 2 banks for a loan so far, but Ford would approve the loan for me. I was pretty surprised. I make a pretty high income and I was kind of embarrassed. It turns out I have light credit - I had never taken a loan out in my life at 28 years old. The finance rep recommended I should NOT pay off the loan in full, and to pay a large portion up front, then make monthly payments for the first 6 months to a year. Basically paying interest just so I can have a stronger credit history down the line. Is that accurate? Even though I have the money in the bank, I should pay the interest in order to build a strong credit history? TL;DR: Should I pay off my car loan in full to get rid of the debt, or is it wiser to build my credit over 6 months to a year and basically pay the extra interest over time?  <response>: The dealer gets a kickback from teh bank for selling you the loan. For them to get the money - you must hold your loan for some time - usually 3-6 months.Depending on how your experience went, you might want to give them that satisfaction or not. 