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Purchasing your new Nissan can make good economic sense, especially if you intend to keep it for an extended period of time. After all, once it’s paid for, you’re driving for free – maintenance and repairs excepted. You’re also building equity in the car. So when it comes time to purchase a new one, chances are you’ll have a valuable trade-in to use as the down payment or a portion of it.
Couple these facts with one of the special finance rates we frequently offer, and buying can be a very attractive choice. Also, some people are simply more comfortable with the sense of security that comes with having ownership to their vehicle. If that’s you, we have some great options for you to consider.
There are five critical elements involved in financing. The purchase price of the vehicle. The amount of your down payment. The amount you must borrow to cover the balance. Plus, the length of time you require to pay the vehicle off and the rate of interest charged (annual percentage rate or APR) on the money you have borrowed. The amount of your monthly payment is determined by this combination of elements.
The first thing you’ll want to do is determine how much you wish to spend each month for your transportation. Once you have that monthly payment set in your mind, with our help you can determine what vehicle is most likely to fit your budget. If it’s not a fit, there are two ways you can lower your monthly payments. By putting a larger amount down on the vehicle at the onset, you’ll lower the amount you need to borrow. Or, you can spread the payments out over a longer period of time. But what’s most important is getting what you want at an affordable monthly payment.
Your monthly finance payments can be higher than monthly lease payments because not only do you have to include all sales taxes up front with the purchase price, but you’re also financing 100% of the cost of your new car or truck. That means having to borrow an even larger amount. With leasing, you only pay taxes on the amount of your monthly payment, and only for as long as you lease that vehicle.
Because most people who borrow to finance their Nissan tend to keep them for longer periods of time, your new vehicle warranty may end before you’re ready to replace your Nissan. Not to worry, though: we offer our Added Security Plans for additional peace of mind.