How does paying off an auto loand affect my credit history?

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L S

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I just purchased a new car and took out a loan. I financed part of it to get it on my credit report. My plan was to pay it off in a couple of month but my friend just told me that if I pay it off early it wouldn't help my credit history. So is it better if i just pay it off early or strecth it out over the 3 years?
 
♦ I would stretch it to over 6 months, report won't change much if there isn't any 'good' activity on it for a few months. I would say pay on it 6 months to a year, that will help you build credit.
 
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