MyNISSAN Owner Portal is your vehicle's online home, where you can access model-specific information designed to enhance your ownership experience. If so equipped, you can manage your NissanConnect® Services and NissanConnect EV subscription through your MyNISSAN account.
Nissan safety recall & service info
Using your Vehicle Identification Number (VIN), you can quickly establish if there are any recalls specific to your Nissan.
You have your eye on the vehicle that best fits your needs and lifestyle. Now it’s time to research how much your monthly payment will be. There are several factors involved in determining your monthly car payment. Continue reading below to learn more about these factors.
How do car payments work?
It's important to understand how car payments work. Car loans are paid to the lender in monthly installments or loan payments. The lender can be related to the car manufacturer, known as the captive finance company, a bank or credit union. Auto loan monthly payments are designed to be paid back to the lender, over a set time. Monthly payments depend on the amount of the loan, the loan term and the interest amount over the course of the loan.
The higher your interest rate is, the higher your total monthly payment will be. Your interest rate can be affected by a range of factors including: credit score, loan term, vehicle age, and lender.
The principal is an important factor when determining your average monthly car payment. This is because it's the amount of money you borrow to purchase your car. For example, if your loan amount is $20,000, you'll probably have a lower monthly payment than if you borrow a larger amount such as $30,000.
Certain variables such as your credit score, down payment amount, loan term, and APR rate will be contributing factors in your monthly payment.
A car loan applicant with a credit score of 700 or higher, should expect to pay anywhere from 0 to 6 percent interest on their loan. Interest rates may be higher for financing a used cars. Loan applicants with a credit score of 600 or lower could potentially have interest rates between 10 to 20 percent.
The length of a car loan term affects your average monthly car payment. A longer loan term will likely result in a lower monthly car payment, with higher interest rates being paid to the lender over the duration of the loan. Whereas a shorter loan term generally creates higher monthly car payments, with less interest paid to the lender over the duration of the car loan. []
When factoring in vehicle age, you'll notice that interest rates for used cars generally tend to be higher than interest rates of new cars. According to Experian’s State of the Automotive Finance Market report, the average interest rate on a used car loan was 9.65% in the first quarter of 2020, compared to 5.61% on a new-car loan.
Estimating your car payment
Nissan has a variety of tools to help you estimate your monthly payment. Start by checking your credit score. Then, use the payment calculator to estimate monthly payments on a lease or financed vehicle. You'll see that depending on your down payment, loan terms and credit score, all these variables come together to estimate your monthly payment. Go ahead and get started. You have all the tools you need to start shopping for your new Nissan online, right from home. []
After deciding on a vehicle, you'll have the option to either lease or buy. There's no right answer. It's what's right for you. Your monthly payment will vary depending on whether you lease or finance.
Vehicle leasing allows you to drive a new vehicle through borrowing, without paying for the total MSRP of the car. It is essentially a contract for a specified length of time, paid through monthly payments. At the end of the term, the vehicle is returned to the dealership it was leased from.
Leasing is ideal for people who drive less than 15,000 miles per year, take good care of their vehicle, and want a new car every 2-4 years.
NMAC SignatureLEASE® offers more choices than your average lease program. Terms range from 24–60 months. Visit your Nissan Dealer to get details and learn about specific terms.
For what to expect as your lease matures, check out our End of Lease information.
Purchasing is ideal for people who drive a lot, put their vehicles through heavy use, or are looking to build equity. It also gives you more freedom to customize your car as you please.
With NMAC SignaturePURCHASE® competitive interest rates and quick credit responses, Nissan can help you make your car-buying dream a reality. SignaturePURCHASE® terms range from 12–84 months and are available for new and pre-owned Nissan vehicles, as well as other pre-owned vehicles less than six years old.
Still unsure which option to go with? Read more about Finance Options at Nissan.
Many car buyers choose to finance their car loan at the dealership where they purchase the vehicle, making the process slightly more streamlined. A benefit of financing with a dealership is taking advantage of any potential promotions, such as 0% or low APR rates for well qualified buyers. Looking to explore financing options without heading to a dealership? With NISSAN@HOME you may have access to the same deals and financing opportunities (available at participating dealerships). []
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