I just bought a car and financed it through the dealer. The only reason I did this is because I am coming into a large sum of money in a week or so and figured I would just pay off the car loan when that money arrives. However, my credit is not that great and the auto dealer told me that if I made at least 6 months of payments on the car before paying it off that it would help my credit. I understand that the dealer is making money on the interest that I will pay until the loan is paid off. My question is... Is it true that I would have to make payments for 6 to 12 months for this loan to show up on my credit report? If so why is that? Why can't I just pay off the loan at any time and it show up on my credit report as a satisfied loan and boost my credit score? I hate the idea of payments and was ready to pay off the loan as soon as my money comes through but I'd also like this to help my credit situation too. Any advice you can give would be greatly appreciated.

Id pay if off if your getting big money. You can always get a credit card and buy small stuff to improve credit. Just pay that balance off monthly. I'd keep 3-6 months of living expenses just for emergencies. :)