Jun 6, 2023
Budgeting Car

Financing a vehicle requires diligent budgeting for most car buyers. Fortunately, the math isn’t as complex as some people might think. We encourage customers to use our Nissan payment calculator to help determine their estimated monthly payments.

Payment Calculator Guide

Our payment calculator is divided into two sections: monthly payment estimator and buying power.

Monthly Payment Estimator

As suggested in its name, the monthly payment estimator helps you determine the amount you can expect to pay for your new Nissan car. You’ll enter basic information like your loan amount, down payment, and loan term. If you plan to trade in, you can enter the vehicle trade-in amount as well. Hit the calculate button to receive the projected monthly payment.

Buying Power

We also have a buying power calculator. Buying power refers to the money available for a purchase. The calculator works in a similar fashion. Input the monthly payment derived from the previous step, and enter additional information, such as interest rate and loan term. Click the calculate button for an estimate of your purchasing power amount.

Helpful Financing Tips

While the payment calculator is a useful tool, don’t rely on it fully without doing your own homework. Here is some advice courtesy of our finance department:

  • Your monthly payment should consume no more than 10 percent of your monthly income.
  • Try to keep the repayment term to four years maximum
  • Aim for a 20 percent down payment
  • Use the loan offer as a guide for setting your budget

Nissan Financing at Sansone Nissan

Whether you have your sites set on the Nissan Maxima or Nissan Altima, be sure to speak to our finance representatives at Sansone Nissan. We make budgeting easy with our online tools and friendly dealers.