Financing Your Nissan 370Z: A Guide

Dreaming of owning a Nissan 370Z? While this iconic sports car might be within reach, understanding your financing options is crucial to making a smart purchase. Nissan Finance offers several avenues to help you get behind the wheel, but careful consideration of each is essential.

Nissan Finance Options

• Retail Financing (Loan): This is the most common path. You borrow money from Nissan Finance (NMAC – Nissan Motor Acceptance Corporation) and repay it in installments over a set period, typically 36 to 72 months. Interest rates are applied, so your total cost will exceed the car’s sticker price. Factors influencing your interest rate include your credit score, down payment amount, and the loan term. A higher credit score usually translates to a lower interest rate, saving you money over the loan’s life.
• Leasing: Leasing allows you to drive a new 370Z for a fixed term (e.g., 24, 36, or 48 months) by paying a monthly lease payment. You don’t own the car at the end of the lease. Instead, you return it to the dealership. Leasing often results in lower monthly payments than buying, making it appealing for those on a budget. However, mileage restrictions apply, and exceeding them results in extra charges. You’re also responsible for maintaining the vehicle in good condition. At the end of the lease, you have the option to purchase the car at a predetermined price.
• Certified Pre-Owned (CPO) Financing: If a new 370Z stretches your budget, consider a CPO model. These are used vehicles that have undergone a rigorous inspection and come with an extended warranty from Nissan. NMAC often offers special financing rates on CPO vehicles, making them an attractive option.

Key Considerations Before Applying

• Credit Score: Check your credit report before applying. A higher score improves your chances of approval and securing a lower interest rate. Address any errors or inaccuracies on your report.
• Down Payment: A larger down payment reduces the amount you need to borrow, lowering your monthly payments and overall interest paid.
• Loan Term: Shorter loan terms result in higher monthly payments but lower overall interest. Longer terms offer lower monthly payments but significantly increase the total interest paid over the life of the loan.
• APR (Annual Percentage Rate): Focus on the APR, which represents the true cost of borrowing, including interest and fees.
• Negotiation: Don’t be afraid to negotiate. Negotiate the car’s price with the dealership before discussing financing options. Shop around for interest rates from different lenders (banks, credit unions) to ensure you’re getting the best deal.

Beyond Nissan Finance

While Nissan Finance offers convenience, exploring other lenders can be beneficial. Banks and credit unions often provide competitive interest rates and loan terms. Consider pre-approval from these institutions before visiting the dealership to strengthen your negotiating position.

Ultimately, financing a Nissan 370Z requires careful planning and research. By understanding your creditworthiness, exploring all financing options, and negotiating effectively, you can drive away in your dream car without breaking the bank.