We Recommend Using the 20/4/10 Rule When Nissan Financing

Anxious to get into a new Nissan car, truck, or SUV at Woodhouse Place Nissan? Have you been considering Nissan financing options? We encourage you to utilize the 20/4/10 rule when budgeting for your new purchase.

What is the 20/4/10 Rule For?

The 20/4/10 rule is a financing guideline that helps buyers determine what they can afford. There are three parameters that you should think of as a goal to strive for when financing.

• 20 – your down payment should be at least 20 percent
• 4 – you want to keep your lease term at four years or less
• 10 – your auto expenses should be under 10 percent of your monthly income

How Do I Know What My Auto Payment Will Be?

An auto payment calculator is a helpful tool when budgeting for a new vehicle. It lets you quickly see an estimate of your monthly car payment, using a variety of factors. Simply start by plugging in the total cost of the vehicle you’re interested in.

Then, you’ll want to add your desired term and down payment you plan to make. Finally, you’ll want to add an estimate of your interest rate and trade-in value.

What’s My Trade-in Worth?

Your trade-in value can make a major impact on your financing plans and goals. You can quickly get an estimate online anytime with our convenient online tool.

Simply search by your vehicle’s make, model, year, and trim level to determine your Edmunds True Market Value®. It takes into account your vehicle, its mileage, original and current marketing pricing, and your geographic region.

Still have questions? The experts at our Nissan financing center in Omaha, NE are happy to help. Reach out to our team with any questions today!