Frequently Asked Questions
How do I decide between buying and leasing?
There are advantages to both, but no difference in maintenance or operating costs. Generally, leases are better for those who drive up to 15,000 miles each year, take excellent care of their vehicles and want a new car every two to four years. You only have to pay for that portion of the car's life that you use. Buying is ideal if you drive a lot of miles, put your vehicle to heavy or tough use, and want to build equity. You can also sell, customize or trade your Nissan if you wish.
How large of a down payment do I need to make?
The bigger your initial payment is, the less you will have to finance. With a lower amount to finance, your total interest charges will also be less. No one knows your personal situation as well as you do, so knowing how much you can afford to pay each month and planning accordingly is always advisable. Also, do not forget to figure in taxes and other expenses when doing your planning.
How much is my trade-in worth?
It depends on a number of factors including the vehicle model, year and condition. You can also get a general idea of your car's worth by checking independent car value guides. However, a vehicle survey by your Nissan dealer is always necessary to determine the final trade-in value.
Can I make more money selling my car on my own, versus trading it in at a dealer?
While in some cases you may be able to make more money selling it on your own, trading your car in to a dealer offers several advantages. You are likely to get immediate cash or credit. Your dealer will handle the paperwork and might pay off your current loan/lease. And you won't have to deal with some of the hassles associated with selling a car on your own. No running ads, no title transfer paperwork, no strangers in your car, and no bad checks.
Also, when you trade in a vehicle, you pay the sales tax on the difference between purchase price and trade allowance only.
Example
Selling Price: 25,000
Trade: 10,000
You Pay Taxes on $ 15,000. Your taxes are $ 1,215
When you sell your vehicle on your own and then buy a new one, you pay taxes on the selling price. Continuing with the example, you pay the taxes on $ 25,000, that is $ 2,025. You save $810.
Can I trade in my vehicle if I still owe money on my loan?
Yes. With the broad range of lenders that we use, from your local credit union to national banks, there is virtually no vehicle that cannot be traded in.
Is there any penalty if I pay my loan off early?
No. None of the lenders that we utilize have a penalty for early payoff.
LENDERS
At Thoroughbred Nissan we work with various lenders such as: Nissan Motor Acceptance, Chase, Wells Fargo, WFS and other banks
We also work with 36 credit Unions, such as: Vantage West, Tucson Old Pueblo, Hughes Credit Union, and Pima Federal Credit Union, among others.
