You might be worried if you’ve missed a Nissan lease payment and don’t know what to do. Thankfully, it’s not the end of the world; our dealership can work with you to get your payments back on track. Here’s what to do if you miss a Nissan lease payment, courtesy of Bedford Nissan.
Don’t Panic
Missing a lease payment is understandably scary, but you shouldn’t stress yourself over it. As long as you develop and execute a plan, you can correct this mistake and keep your lease in good standing order.
Contact Your Lender Immediately
If you’ve already missed a payment or know you’ll miss one, talk to your lender as soon as possible. They’ll often reach out to you directly if a payment is overdue and will walk you through the next steps. It’s important to talk with them so you understand your options.
Make Overdue Payments
After missing a payment, the most important thing to do is pay it off ASAP. Otherwise, you risk losing the leased vehicle altogether.
Your lender may allow you to pay the overdue amount in full right away, with perhaps a penalty for late payment. This will close the book on the matter, and it is the best option if you have the funds to spare.
Refinancing and Repayment Plans
If you missed a payment because your financial situation has changed, you should talk to your lender about refinancing the lease. Keep in mind that if you do so, you will be purchasing the vehicle outright. Alternatively, you can ask about a separate repayment plan for overdue expenses.
Discuss Nissan Lease Payment Options in Bedford, OH
If you’ve missed a Nissan lease payment recently, let us help you figure everything out. Contact Bedford Nissan today to discuss a repayment plan, or if you want to learn about our Nissan financing offers.
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