subject: Richmond Nissan Rebate or Low APR? Which Incentive is Right? [print this page] Richmond's Pence Nissan always has something good going on for its customers. Our Richmond dealership is always working to make the right deal for you but sometimes buyers are confused about which is the right incentive when purchasing a new Nissan.
Typically, two of the most common Richmond dealership incentives are the rebate offer and the low APR financing incentive. Buyers want to make the right deal so it helps to understand the difference between both Nissan incentives.
The rebate is an offer made by the manufacturer. Once the sale on the new Nissan is completed, the buyer can claim the rebate and receive the cash right away. There are generally no limitations for getting a rebate but the deal is usually offered to customers paying cash for the Nissan.
A low APR incentive is offered by the manufacturer's financing department. Provided the customers meets the credit requirements, the low interest rate will be applied to the terms of the loan, saving the customer hundreds or thousands of dollars in finances charges over the course of the loan.
What to Choose
If you have the option to choose one or the other, you'll need to weigh the pros and cons of the financing deal based on your own financial situation. In some cases, you may be eligible for both a reduction in cost and a low APR loan term.
If you have imperfect credit, the rebate may be your only option if you do not qualify for the low APR. If you do qualify for the low APR, it will be beneficial to lower the monthly payments and pay less in interest charges.
There is no right answer when it comes to the incentives on a new or used Nissan at our Pence Nissan dealership. Let our expert sales staff help you decide on the best financial options for your situation so you can drive home in your new Nissan today.
Richmond Nissan Rebate or Low APR? Which Incentive is Right?
