Feb 2010 26

Car Buying and Financing Tips from Costal Nissan

New Nissan dealers have different cars and different bargains; banks and lenders are much the same when it comes to getting a new or certified used Nissan. When shopping for a car, don’t just compare prices with your new Nissan dealer rep. Compare interest rates and terms the same way you shop for the car itself.

You may rely on your current bank for an auto loan, but when was the last time you compared financing terms with your new Nissan dealer or other financial institutions in Boston? Chances are you‘ll find a more competitive interest rate—or at least find someone willing to work with you to get better terms. Any break on interest rates, down payments or the length of the loan could give you some room in your monthly car budget—more favorable terms can save you money over the lifetime of the loan that you could use to get into a better certified used Nissan.

When comparing terms before your purchase from Coastal Nissan, do the math on three important areas—the interest rate, the length of the auto loan itself, and the size of your down payment. If you can afford to make a larger down payment, do it. Can you afford to take a shorter loan? This is also a money-saver over the long term when it comes to paying interest.