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Financing

Financing made easy with Nissan of Elk Grove

We understand that choosing among auto financing options can be difficult and confusing, which is why we've assembled a handy Financing Frequently Asked Questions reference library. There you can learn more about loan rates, used vehicle loans, lease rates and the factors responsible for determining each. Financing doesn't have to be headache and at NissanofElkGrove.com we make it easy and informative!

Interested in determining your purchasing power in real time? Try our Payment Calculator. We'll show you new and pre-owned cars, SUVs and trucks in your price range based on your indicated down payment, annual percentage rate (APR), length of loan and ideal monthly payments. If you've already determined your dream new or used Nissan vehicle, the tool will guide you in reverse making that perfect automobile affordable for you!

Looking for an exclusive financing deal? Check our Financing Specials as those offers are consistently being updated. Ready to go for it? Please complete our Finance Application and an expert will contact you shortly to guide you through the financing process. Nissan of Elk Grove is your California car dealer that makes auto financing a breeze!
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Contact Information

Nissan of Elk Grove

8590 Laguna Grove Dr.

Elk Grove, CA 95757
workSales:
INTERNET 1-877-457-5347
serviceService:
1-866-773-1551

Finance FAQ

Check out our online finance FAQ section for important information regarding car lease and loan characteristics.

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Tip!

Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.

Tip!

Owning a lease vehicle is possible if purchased outright after the lease period ends.

A typical lease period runs between 24 and 48 months.

Tip!

Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.

Tip!

Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.

Tip!

Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.

Tip!

Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.

Tip!

Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.

If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.