Recently financed $25,000 (at 4%, surprised that's the lowest I qualified for via toyota) when I bought my new 4runner. What if I make a $24000 payment today and then pay the remaining $1000 off over the remaining term of the loan (48months). There is no prepayment penalty.
I want to do this because while my credit score is good at 710-720, it is not as high as I thought it was and I plan on buying a house in a few years. If I do this, will I get 48 months worth of 'on time' payments reported to credit agencies? Is there anything I'm missing/overlooking? Any flaws? TIA