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Aug 21, 2017
5:24:39pm
valleus Walk-on
Financing/credit score question

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

valleus
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valleus
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