FAQ About Nissan Finance

Buying a new Nissan Rogue? Or maybe a Nissan Altima? Then you probably have questions about the Nissan finance process, options, and what everything means. We have answers for you! Bedford Nissan in Bedford, OH, wants to help clear up any confusion you may have by defining some of the most common finance terms you’ll see when purchasing a vehicle.

What is MSRP?

The MSRP is the Manufacturer’s Suggested Price—how much the car itself costs, plus any options or features that have been added. It’s also sometimes known as the “sticker price,” since the MSRP is often listed on a sticker that’s attached to the window of the car that’s for sale. If you don’t see an MSRP on an auto you’re interested here at our Nissan dealership, just ask!

What and How Much Is a Down Payment?

A down payment is how much cash you’ll be applying toward the purchase price of your new Nissan Altima or other Nissan vehicle. The amount is entirely based on you and your budget. Whether you contribute $1,000 or $10,000, the down payment helps reduce the total amount of money that will need to be financed. The less money you finance, the less interest you pay.

What Does It Mean to Get Pre-Approved?

If you know you’re going to be financing the cost of a new vehicle, you may want to get pre-approved for a vehicle loan. Fill out the finance application right here on our website with some basic personal and financial information (it’s completely secure). We can review it together, and figure out how much money you are qualified to receive as a loan. Knowing the figure will help you determine how much you can afford to spend on a car.

If you have more questions, we’re here to help answer all of them. The experts in our finance department here at Bedford Nissan have established relationships with numerous lending sources, and we can help you get the best Nissan financing for your new vehicle.

We might even be able to help you out with a special or incentive for that Nissan model you’ve been admiring!