How Our Finance Team Can Help
Our in-house financing team works with a network of lenders, including options for buyers with less-than-perfect or no credit, to find terms that fit your budget — for both new and used Nissans. We also keep track of current manufacturer and dealer incentives so you’re not missing a program you’d actually qualify for.
Not sure where you stand yet? You can get pre-qualified online in about a minute, before you ever discuss numbers with us in person.
Financing or Leasing — Which Fits You?
Both get you into a Nissan. Which one actually costs you less and fits your life depends on how much you drive and how long you plan to keep the vehicle:
| Buying | Leasing | |
|---|---|---|
| Monthly payment | Typically higher — you’re paying toward ownership | Typically lower for the same vehicle |
| Mileage | No limit | Set annual limit; extra miles cost extra — commonly 15–25 cents per mile beyond your plan |
| Customizing | Modify it however you want | Generally must stay close to original condition |
| At the end | You own it outright once it’s paid off | Return it, buy it, or lease or finance your next Nissan |
| Best for | Higher annual mileage, longer-term ownership, wanting to customize | Driving under roughly 15,000 miles a year and preferring a new vehicle every few years |
If you’re still not sure, that’s normal — bring us your typical mileage and how long you’d like to keep the vehicle, and we’ll run both scenarios side by side so you can compare real numbers, not just the general rule of thumb.
How Nissan Financing Works
Nissan Motor Acceptance Company (NMAC), Nissan’s own financing arm, offers a range of loan terms, and the length you choose is one of the biggest levers on the deal: a longer term lowers your monthly payment but increases what you pay in interest over the life of the loan. We’ll show you the same vehicle at two or three different terms so you can see that trade-off in dollars rather than in theory. In most cases, financing is available with no down payment, and taxes, registration, and fees can often be rolled into the loan — ask your finance advisor what’s realistic for your specific deal.
Nissan also runs military and college graduate financing programs — ask us about eligibility, since terms and qualification vary.
MyNISSAN Rewards
MyNISSAN Rewards is Nissan’s free loyalty program, and there’s nothing to buy to join it — you earn points on what you already spend here and put them back toward service, parts, and accessories. We run the full program details, current earn rate, and enrollment on our MyNISSAN Rewards page, including the sign-up bonus for first-time service customers.
Why Finance with Old Orchard Nissan
- Access to a network of lenders, not just one bank — including options for buyers with less-than-perfect or no credit
- Get pre-qualified online in minutes
- Find out what your current vehicle is worth with our instant trade-in value tool, and put it toward your next Nissan
- A straightforward comparison of your buying and leasing options — not a push toward whichever one is easier for us to sell
FAQs About Nissan Financing
The questions we hear most often from Skokie-area buyers weighing their financing options.
What’s better — buying or leasing?
It comes down to your budget and how you use your vehicle. Leasing usually means a lower monthly payment but comes with a mileage limit and restrictions on customizing. Buying usually means a higher payment, but you’re building equity and driving without a mileage cap. Bring us your typical mileage and how long you plan to keep the vehicle, and we’ll help you compare the real numbers.
How long can I finance my Nissan for?
NMAC offers a range of term lengths, and your finance advisor will lay the realistic ones out for your deal. A longer term lowers your monthly payment, but you’ll pay more in interest over the life of the loan — we’ll help you find the term that actually fits your budget rather than just the lowest payment on paper.
I’ve had credit issues in the past. Can I still get financing?
In many cases, yes. Our finance team works with a network of lenders, including options for buyers with less-than-perfect or no credit, subject to credit approval. Talk to us about your situation and we’ll tell you honestly what’s realistic.
Can I finance a Nissan without a down payment?
In most cases, yes — and taxes, registration, and fees can often be rolled into the loan as well. Ask your finance advisor what’s realistic for your specific deal and credit profile.