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How to finance a Nissan

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

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.

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    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.

    Compare car loan options for your new Nissan

    Rates last updated December 16th, 2018

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    Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
    Name Product Product Description Min. Credit Score Term of Loan Requirements
    car.Loan.com Car Loans
    Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
    300
    Varies by lender
    Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
    Auto Credit Express Car Loans
    Get connected with an auto lender near you, even if you have bad credit.
    300
    Typically 3 to 6 years
    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.
    LightStream Auto Loans
    Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
    Good to excellent credit
    Flexible terms
    Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
    RateGenius Auto Loan Refinance
    Connect with a network of over 150 lenders to refinance your car loan.
    510
    Varies
    Income of $2,000+/month, vehicle has less than 150,000 miles and is no older than 8 years, loan balance is between $10,000 and $100,000, debt-to-income ratio is less than 50%
    LendingClub Auto Refinancing
    Lower your monthly car payments and save on interest through a fast and easy online application process.
    Fair or better credit
    Minimum of 2 years
    Car must be less than 10 years old with fewer than 120,000 miles. Current loan must have a balance between $5,000 and $55,000 and at least 24 months left in its term.
    MotoRefi Car Loan Refinancing
    A car loan connection service for borrowers looking to refinance.
    525
    1–6 years
    Must have an income of at least $2,000/month and have a vehicle with less than 100,000 miles.
    LendingTree Auto Loans
    Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
    Good to excellent credit
    Typically 1 to 7 years
    Must be a US citizen and 18+ years old. Must have good to excellent credit.

    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. Here are the manufacturer suggested retail prices (MSRPs) of five of Nissan’s top models to give you an idea of what you can expect to pay.

    ModelStarting MSRPBuildCity/highway MPG
    2019 Altima$23,750Sedan25/34
    2019 Rogue$24,920SUV26/33
    2018 Titan$30,030Truck15/21
    2018 Murano$31,000SUV21/28
    2018 Maxima$33,420Sedan21/30

    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.

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