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How to finance a Nissan

Plus, explore its cashback programs for college grads and military servicemembers.

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Editor's choice: Carvana

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  • Most credit types welcome
  • 45-day preapproval
  • Seven-day guarantee
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With solid midrange prices and a variety of models that fit daily life, Nissan is a popular Japanese car brand for a reason. If you’re looking to get behind the wheel of a new or new-to-you Nissan, you’ve got plenty of financing options — from a car loan through a bank or online lender to financing directly through the dealer.

How can I finance a Nissan?

If you don’t have the cash to drop on a car straight off the dealership lot, you may want to consider a loan. One option is to take out a car loan from a bank, credit union or online lender. By comparing lenders, you can often secure a lower interest rate and better terms than you’d get by negotiating at the dealership itself. Another option is to take out a personal loan, though this is usually more expensive since your loan isn’t secured by the car you’re buying.

However, if speed is your main concern, then you may want to consider getting your loan directly through Nissan Motor Acceptance Corporation (NMAC). It’s usually faster than going through a bank or online lender, but it may not get you the lowest rates. Here are your two options:

  • Financing through NMAC. NMAC handles vehicle financing through its licensed Nissan dealers. While the special rates offered vary by location, some past deals included 0% APR for five years and $4,000 cash back.*
  • Leasing through NMAC. Leasing a Nissan is similar to renting it. You pay to drive the car for a specific amount of time or number of miles, and when that period is over, you can return it or buy it outright. The exact deal you’ll qualify for depends on the model you’re interested in and where you live. In the past, we saw leasing offers like the 2019 Nissan Altima available for $239 per month for three years and $3,399 due at signing.*

Your local dealership may also have its own special deals, like cash back or low down payment options. The specific rates and terms you qualify for will depend on your credit history and personal financial situation.

*Rates as of November 26, 2018.

Read our review of Nissan Motor Acceptance Corporation

Compare car loan options for your new Nissan

Data indicated here is updated regularly
Name Product Filter Values Minimum credit score APR Loan term Requirements
Carvana
No minimum credit score
3.9% to 27.9%
Varies
18+ years old, annual income of $4,000+, no active bankruptcies
Get pre-qualified for used car financing and receive competitive, personalized rates.
car.Loan.com Car Loans
300
Varies by network lender
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
CarsDirect auto loans
Varies by network lender
Varies by network lender
Must provide proof of income, proof of residence, and proof of insurance.
Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.
Auto Credit Express Car Loans
300
Varies
Varies
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
Get connected with an auto lender near you, even if you have bad credit.
Monevo Auto Loans
500
3.99% to 35.99%
3 months to 12 years
Credit score of 500+, legal US resident and ages 18+.
Quickly compare multiple online lenders with competitive rates depending on your credit.
LightStream Auto Loans
Good to excellent credit
Competitive
2 to 7 years
Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
LendingTree
Good to excellent credit
Starting at 3.09%
Varies by lender
18+ years old, good to excellent credit, US citizen
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
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Compare up to 4 providers

Does Nissan offer special discounts or programs?

Yes, Nissan offers two cashback programs for military members and college graduates.

  • Grad cash program. College students who’ve graduated in the past two years or plan on graduating in the next six months could qualify for up to $1,000 cash back on leasing or financing a new Nissan.
  • Military cash program. If you’re an active-duty or reserve servicemember or are retired with at least 20 years of service under your belt, you could qualify for up to $1,000 cash back on leasing or financing a new Nissan.

What will a new Nissan cost me?

The cost of a new Nissan depends on where you live and any special promotions going on. The base MSRP ranges from just under $12,500 for a 2019 Versa and nearly $50,000 for the most basic trim of the 2019 Armada.

Choose a type

Cars

Versa

  • Starting MSRP: $12,460
  • Build: Sedan
  • City/highway MPG: 31/39

Sentra

  • Starting MSRP: $17,890
  • Build: Sedan
  • City/highway MPG: 29/37

Altima

  • Starting MSRP: $24,000
  • Build: Sedan
  • City/highway MPG: 25/34

370z

  • Starting MSRP: $30,090
  • Build: Coupe
  • City/highway MPG: 19/26

Maxima

  • Starting MSRP: $34,050
  • Build: Sedan
  • City/highway MPG: 21/30

GTR

  • Starting MSRP: $99,900
  • Build: Coupe
  • City/highway MPG: 16/22

SUVs

Kicks

  • Starting MSRP: $18,640
  • Build: SUV
  • City/highway MPG: 31/36

Rogue

  • Starting MSRP: $22,340
  • Build: SUV
  • City/highway MPG: 25/32

Murano

  • Starting MSRP: $31,370
  • Build: SUV
  • City/highway MPG: 21/28

Pathfinder

  • Starting MSRP: $31,530
  • Build: SUV
  • City/highway MPG: 17/23

Armada

    • Starting MSRP: $47,100
  • Build: SUV
  • City/highway MPG: Not Available

Trucks

Frontier

  • Starting MSRP: $19,090
  • Build: Truck
  • City/highway MPG: 19/23

Titan

  • Starting MSRP: $30,690
  • Build: Truck
  • City/highway MPG: 15/21

Hybrid/Electric

Rogue

  • Starting MSRP: $27,700
  • Build: Hybrid SUV
  • City/highway MPG: 26/33

Leaf

  • Starting MSRP: $29,990
  • Build: Electric Sedan
  • City/highway MPG: 99/124

Car insurance costs that come with driving a Nissan

Does a new Nissan come with a warranty?

Every Nissan is backed by both a basic coverage warranty that’s good for three years or 36,000 miles, as well as a five-year, 60,000-mile limited powertrain warranty. You can also invest in Nissan’s Security+Plus Extended Protection Plan, which covers out-of-pocket component repairs as well as roadside assistance, rental and towing.

Bottom line

Before investing in a Nissan, consider your budget and the type of loan that best suits your financial needs. Going through NMAC might be quicker, but you may be able to get a lower rate or better term with a bank, credit union or online lender.

Check out our car loans guide to learn more about how borrowing works and compare your loan options.

Frequently asked questions

Image source: shutterstock and Nissan’s official page

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