Nissan Refinancing (August 2025)

Owning a Nissan is like hitting the jackpot - you get great vehicle safety, fuel efficiency, and amazing inbuilt technology at once. However, it might not seem like a jackpot if you're paying high monthly car loan payments - you could be bleeding money in the long run! Try Nissan refinancing to efficiently switch to a lower APR and save money on your car loan.

There's no need to continue paying high auto loan amounts if you're on a tight budget. Nissan refinancing with Way.com will help you find reliable online lenders who will lower your APR,extend your loan term , add more loan benefits and save thousands annually !

Can You Refinance a Nissan Loan?

Yes, you can easily refinance a Nissan loan by applying to banks, credit unions, and online lenders. However, Nissan Finance (the financing arm of Nissan) will not refinance loans it has disbursed.

Nissan refinancing involves applying for a new auto loan with another lender, which will pay off the existing auto loan. The new loan will typically have better terms and conditions like a lower APR, longer term, co-borrowing etc., which will help you lower your monthly payment.

Benefits of Refinancing a Nissan Loan

If you have a good credit score and a consistent payment history, Nissan loan refinancing can:

• Reduce your APR by at least 1.5%
• Reduce your monthly payments by at least $100 (or even more if you're eligible)
• Help you save more than $1000 annually
• Add benefits like GAP Insurance and Extended Warranty to your new loan
• Get cash-out refinancing for immediate expenses.

Will Nissan Refinancing Help You Save Money?

Yes, refinancing a Nissan loan will help you save a minimum of $100 every month, with a host of added benefits. You may have financed your original loan through Nissan Finance but ended up with a high APR because of:

• A poor credit score
• Inconsistent payment history
• Strict vehicle requirements

However, a few months' consistent payment is enough to improve your financial position - at which point you can choose to refinance the loan.

When Should You Consider Refinancing a Nissan Loan?

The best time to refinance your Nissan is in any of the below situations:

• When you've become eligible for a better loan due to consistent financial history
• When your credit score has improved since the time you signed the original loan
• If you want to save money on monthly expenses due to a financial crunch
• If you want to add a co-signer or co-borrower to your loan and lower your monthly payments
• If your car has become old and is not worth the high monthly payments

When you think you're ready to refinance, Way.com will help you find the best deal for you by comparing rates from multiple lenders!

Nissan Refinance Rates (June 2023)

Nissan Refinancing Eligibility Requirements

Ideally, your Nissan should meet the following eligibility requirements for refinancing:

• Vehicle Age : The Nissan should not be older than 10 years.
• Mileage: Ideally, it should have less than 120,000 miles on it.
• Model and make : Since models like Nissan Leaf are popular electric cars, you'll need to specify that when applying for refinancing.

What Kinds of Nissan Models Can You Refinance?

You can refinance almost any kind of Nissan model, as long as it fulfils the above criteria. Some popular models include:

• Altima
• Frontier
• Leaf
• Maxima
• Murano

What Information Do You Need to Refinance a Nissan?

Having the important loan details ready can help you quickly apply for refinancing. This includes:

• Your credit score : Typically, a credit score more than 680 will give you better deals. Keep track of your score using the one free report per year provided by credit bureaus.
• 14-day payoff amount: It is the amount you owe on the current loan including the principal and interest accrued in the next 14 days.
• Car Loan-to-value ratio : This value tells you if you are 'upside down' on the car loan, or owe more than the car's worth.
• Loan term remaining : It doesn't make sense to refinance unless you have more than a year left.
• Prepayment penalty : Check whether your current lender will penalize you for paying off the loan early.

It also helps to have your personal details ready, like:

• Car information: VIN, title, registration, number, and mileage
• Income information: Salary slips, pay stubs, and tax returns
• Personal information : Driver's license and Social Security Number

How To Refinance Your Nissan Loan With Way.com?

Step 1: Calculate how much you can save

Do some preliminary calculations using an auto loan refinance calculator to find out if you can save money with Nissan refinancing. By inputting your desired APR and loan term, you can determine how much you'll save.

Step 2: Apply to refinance lenders with Way.com

An advantage of Way.com is that you can shop around for different rates with multiple lenders. This includes banks, online lenders, credit unions, and more. You can initially avoid a hard credit pull by applying for pre-approval with these lenders.

Step 3: Choose an offer and save

Once you find a good offer, simply complete the application and submit the required documents. The lender will conduct a hard credit pull which will temporarily affect your credit score. However, you can make it up in the coming months through consistent payments - and it may also rise above your current score.

What Other Benefits Can You Add to Your Refinanced Loan?

You can use refinancing to add new insurance components like GAP and ESC.

• Guaranteed Asset Protection (GAP): If your car is completely totaled in an accident with a payoff amount still pending, GAP insurance will cover the difference between that and the car's current value.
• Extended Service Contract (ESC) is also called Extended Warranty or Vehicle Service Contract. It is a good coverage to have if your manufacturer's warranty has expired and you expect to run into mechanical or electrical problems..

Why Choose Way.com To Refinance Your Nissan?

Being stuck with a high APR car loan can be a nightmare - especially if you're on a tight budget or facing a financial emergency. We at Way.com believe in making car ownership affordable to everyone - starting with lowering your car loan payments.

With Way.com, you can get connected to the best refinance lenders, compare their rates, and choose a refinance deal of your choice to reduce your current monthly payment. We'll also help you find refinancers that provide additional insurance, refinance with bad credit , lease buyouts , allow payment vacations , and excellent customer support.

Way.com has a 4.5 rating on Trustpilot, with more than 3 million satisfied customers. The Way app also has a 4.7 rating on Google Play and 4.9 on the iOS app store.