Some people don't realize just how many options they have when they're financing a new vehicle. At Hall Nissan Virginia Beach, we work with a wide range of lenders to help our customers find the loan that works best for them.
Let's take a closer look at some of the most common Nissan finance options.
OEM Captive Lenders
The first type of lender is known as an OEM captive lender. Simply put, this is a company that's directly associated with the manufacturer of your vehicle. At our dealership, we work with the Nissan Motor Acceptance Corporation. You're basically getting a loan right from the car brand itself.
Direct Lenders
Direct lenders are a common source of auto loans. Often, they are banks. You probably recognize names like Bank of America, Wells Fargo, and Capital One. These institutions have branches all over the country, and offering loans to drivers is just one of their many services.
Credit Unions
A credit union functions much like a bank, but they are owned by their members and do not seek to make a profit. As a result, some people make credit unions their preferred financial institution. In some cases, they might find a credit union more trustworthy than a bank.
If you're one of those people, you'll be happy to know that a variety of credit unions are in our network of lenders. One of them may have the auto loan with the terms you're looking for.
Apply for Financing Today
If you're in the market for a new car and want to make sure that it's as simple as possible to get the auto loan that you need, our Nissan dealership serving Norfolk, VA should be your first stop. Our Nissan finance experts are standing by, ready to assist you.