Nissan Financing

We believe that Nissan financing doesn’t have to be complicated. Have you got great credit? We’ll help you get the lowest possible interest rate. Worried about your credit rating? We can work with you no matter what your financial standing is. Our finance team will hook you up with a new or used Nissan model even if you have no established credit. Before you even secure your purchase or stop in to see us, you can calculate payments, value your trade, and apply for financing online via our website. Financing your Nissan is made easy at Illini Nissan.

No one wants to pay more for a vehicle than they have to. Once you find the car, truck, or SUV you want, the next trick is to ensure you get the lowest possible interest rate, regardless of your credit rating. Our team works hard to help you get a reasonable loan rate that meets your needs. In addition to finding the lowest interest rates, our finance department lets you choose from different loan periods, helping you get your payment where you need it. We’ll work hard to help you take home your chosen Nissan model.

Before you seal the deal, though, we want to help you get the most out of your money. We’ve prepared some tips that will help you prepare to finance your Nissan. We even cover why some buyers should consider leasing over buying and the benefits of leasing versus financing. Let’s dive in.

What to Consider Before Financing a Model

There are several factors to consider before financing a new or used Nissan. Financing a vehicle isn’t as scary as it sounds, but the process will go much smoother when you are fully prepared. Let’s look at some preparations you can make before you apply for financing.

First and foremost, calculate your monthly expenses. Considering your current monthly spending is critical before you sign that car loan. Don’t force your payment to fit your budget tightly. Make sure your rent, mortgage, grocery bills, and utilities balance well with your new payment. The last thing you want is your new, fun vehicle to become a stressor.

If your credit is less-than-perfect, consider bringing along a co-signer to secure a reasonable interest rate. Great co-signer options include parents, partners, or close family friends with good or excellent credit score ratings. It’s also great to save up for a good downpayment. You can pay less upfront and finance the rest, but it’s best to put as much as possible toward your down payment. You don’t necessarily need out-of-pocket cash to do this. You can even trade in a used model on your new purchase.

Once you know what your monthly minimum and maximum car payment can be, we can help you select the right make, model, and trim level. Our sales and finance teams will work together to find a vehicle that meets your expectations and budget to speed up the buying process. Let’s say you don’t want to go over $400 a month. You want a vehicle with heated and ventilated seating, good fuel economy, and AWD capability. We can show you which vehicles meet these criteria so you know which vehicles to choose from.

Should You Lease?

Vehicle leasing has a reputation for luxury drivers––folks who want to drive fancy vehicles at a lower cost. This is because leasing is cheaper than financing. You don’t own the vehicle when you lease it; you simply “borrow” it until your lease term is over. Think of it like renting versus home ownership. While luxury leases used to dominate the auto market, leasing everyday vehicles is becoming more popular. It’s cheaper, and you get to take the vehicle home just the same, so what’s the catch?

There are some essential factors to consider leasing over buying. First, will you travel a lot, or will you focus on short-distance commuting? Leasing would be great if you chose the latter option. Vehicle leases come with yearly mileage limits that are agreed upon before you sign the lease. On average, Nissan leases cap at 15,000 miles per year. Of course, you can pay more on your lease and settle for a higher yearly cap––but at that point, you may be better off buying and owning your vehicle outright. It simply depends on how much mileage you intend to use.

Leasing is substantially more affordable than taking out a loan, making it a great option when you want something nice and reliable to drive without overdoing it on debt. Choosing a lease won’t be an issue as long as you’re staying within city limits most of the time. Rural drivers likely will not benefit from leases as much as city drivers for this reason.

Should You Get a Loan?

Vehicle financing is an option for buyers who want to own their car to eventually resale, trade-in, or keep for life. When you finance a vehicle, you are taking out a loan and paying off the vehicle’s final cost over time, plus interest. Your interest can be high or low, depending on your financial credibility.

Financing is an excellent option for those who want to fully own their vehicle without restrictions. Leasing comes with mileage caps and fees associated with interior and exterior damage. Financing does not. When your kid spills Kool-Aid all over the rear carpet, or you clip the mailbox again, you can cover those costs if and when you choose. Conversely, if you lease a vehicle, you must pay for these expenses out of pocket when you return it.

We also recommend vehicle financing for anyone who frequently travels. It doesn’t matter if you drive 500 miles per day or 100 miles in a month––mileage doesn’t matter when you finance your Nissan. Just remember to keep track of your miles and schedule service visits accordingly.

Finance or Lease Your Nissan Today!

Illini Nissan has a wide selection of available new and used models for you. Whether you finance your Nissan or lease it, our team is ready to help. We value affordability and commuter-friendliness, offering everything from the eco-friendly Nissan Leaf to the Versa, Maxima, and Rogue. But we’re not only about commuters. You can check out our Nissan Titan truck when you’re in the mood for power. If speed is your thing, the Nissan Z lineup is for you.

It is our goal to build long-term trust with our customers. This is why we offer our own service center focused on accessibility. You don’t have to disrupt your day to get excellent services since we offer Saturday hours and service rentals. If you want to stick around and wait on your vehicle to be ready, we also provide free Wi-Fi connectivity, cable TV, and coffee in our waiting lounge. You can also schedule your service visits online for a seamless maintenance and repair process.

Best of all? Nissan financing applies to our service department, too! If you experience damage that isn’t covered under your warranty, we can set you up on an affordable payment plan to cover any repairs. Our replacement parts are OEM, meaning we use genuine Nissan parts, not aftermarket ones. We’re in it with you for the long haul, not just for the few hours you’re sitting in the buyer’s chair. Check out Illini Nissan today, or visit our website to learn more about how you can lease or finance your next Nissan. We look forward to working with you.