Trust the Financing Team at Bob Bell Nissan

As new car sticker prices continue to rise, more drivers are choosing to finance their new cars. Unless drivers pay cash, the options include a car loan or a lease. Both come with affordable interest rates and a variety of terms. Nissan frequently offers outstanding financing specials for drivers who want to take advantage of low monthly payments.

The Bob Bell Nissan financing team near Essex is ready to build a loan or lease with the latest incentives and offers from Nissan and other national and local lenders. You can speed up the financing process by completing our online financing application.

Benefits of a Nissan Lease

Leasing a vehicle comes with several benefits – and a few restrictions. Lease payments are based on the sticker price minus the residual value (the vehicle’s value at the end of the lease). The most common lease terms are 24 or 36 months, usually with mileage limits between 8,000 and 12,000 annual miles. At the end of the lease term, you have a couple of options. You can return the car and get a new one, return the car without getting a new one, or purchase the vehicle.

While leasing a car has several benefits, they do come with a few restrictions. Because the residual value is calculated based on the age of the car, wear and tear, and mileage, vehicles have mileage limits. If you exceed the limits, you’ll receive a fee from the lender. You also cannot modify the vehicle.

However, if you decide to lease, you’ll be able to get a new vehicle every couple of years. New vehicles come with the latest technology, innovative powertrains, and new vehicle warranties.

Why Choose an Auto Loan

Auto loans are good choices for drivers who need unlimited mileage. They are also good programs for drivers who want to modify their vehicles. Because sticker prices are rising, borrowers often choose longer-term loans, sometimes up to 84 months.

When you buy a car with an auto loan, you can sell it at any time. We recommend waiting until you have equity in the vehicle.

Remember, any time you borrow money, lenders will check your credit score. Some lenders base your annual percentage rate on your credit score, so you might see a higher interest rate if your credit score is low. Long loan terms often have higher interest rates than those with shorter terms.

Finance Your Nissan at Bob Bell Nissan in Baltimore, MD

Financing a car is easy at Bob Bell Nissan near Rosedale, Maryland. Our friendly team will help you understand your financing options so you can get a new car loan term or lease period that fits your budget. Our team can also assist with used and certified pre-owned auto loans, especially with our goal to find financing for all customers and all credit scores.