Financing with Our Dealership
Kerry Nissan of Florence takes the stress out of auto financing. From advice on whether to buy or lease to finding the best rates available, our finance team will work with you every step of the way to craft finance terms that work for your lifestyle and budget.
We Make it Easy!
Should You Lease Your New Kerry Nissan of Florence Vehicle?
Leasing is a great choice for shoppers who like to drive a new vehicle and want to keep their payments low. Once your lease term is up, you can trade up for a newer model, buy it outright, or simply return it and walk away when the lease it over.
Benefits of Financing
Customers who intend to hold onto their vehicle for a while should consider a loan. Our flexible financing plans can get you into a new or used vehicle with terms that will reduce your overall costs while you build equity in your vehicle.
Flexible Credit Options
Kerry Nissan of Florence can help you get into the new or used vehicle you deserve. With monthly specials, factory offers, and competitive rates, we go the extra mile to give you the options that work for your lifestyle.
Frequently Asked Questions
The Changing Landscape
A number of converging trends have changed the leasing landscape for the average consumer. For decades now, a large proportion of luxury cars have been leased. But that has changed, with more compact cars, mainstream sedans, and small SUVs entering the new-car lease market, as well. Attractive finance rates have made some leases pretty good deals.
Automakers benefit by leasing a big portion of a car's production. Leases help keep used-car supplies steady, which in turn boosts resale values. A high resale value means a vehicle is slower to depreciate, which translates into cheaper leases for that model. That benefits consumers.
The low interest rates that have prevailed elsewhere for the past few years have carried over into lease contracts, which also helps moderate their cost. Interest rates are a critical part of the economics of leasing, because at the end of the day a lease is just another way to finance a car.
Another tactic for boosting a car's resale value is reflected in the low mileage allowance in some new leases: 10,000 miles per year instead of the customary 12,000 to 15,000 miles. That may be fine for people who don't drive much, but the average driver will exceed that figure each year.
We also see a growing number of leases with terms of less than 36 months, which is a mixed blessing. Sure, it looks good to someone who doesn't want to be locked into a long contract. But a car's first two years usually make up the steepest part of the depreciation curve, making for an expensive lease period.
However, it's becoming common in the car-loan market for people to stretch out the loan for seven or eight years, simply to keep the monthly payment under control. Some of those people may be better off leasing.
We will work with you to craft the deal that works for your budget. Most loan terms will fall between 48-72 months, with longer financing terms resulting in lower payments.
We’ve worked with countless customers with all kinds of credit to help them discover their financing options.
In most cases, we can offer financing with no down payment. We can also roll taxes, registration, and fees into the financing deal if that works best for you.
Ready to begin?
The following section(s) display custom content from the legacy version of this page and are for reference only. Please review the content and migrate it as necessary. When completed, hide each of these sections (including the one this message is in). Deleting any of them will prevent this page from receiving future updates from DDC.
Finance or Lease Your Next Car with the Help of the Nissan Experts in Florence
With Kerry Nissan of Florence by Your Side, the Numbers Always Add Up
What do you get when you add new Nissan models, a great selection of used cars and a plethora of comprehensive financing options? Kerry Nissan of Florence, but more importantly: you get choices.
Kerry Nissan of Florence is equipped to help you find the right car loan or lease solution for the vehicle you want to drive home. Our secret? Our team loves doing math to save you money. Long story short: that means you can spend more time having fun with your new car and less time worrying about how to pay for it.
If you're interested in seeing what Kerry Nissan of Florence can do for you, be sure to fill out our online contact form today. It's the simplest way to get in touch with us, and we can quickly begin the process of finding solutions for you. Or, if you'd prefer to speak to us in person right away, you'll find Kerry Nissan of Florence located at 8053 Burlington Pike in Florence, Kentucky.
How Loans and Leases Differ
Below are some of the major differences between buying and leasing.
| Buying | Leasing | |
| Ownership | You own the vehicle and get to keep it as long as you want it. | You don't own the vehicle. You get to use it but must return it at the end of the lease unless you decide to buy it. |
| Monthly Payments | Loan payments are usually higher than lease payments because you're paying off the entire purchase price of the vehicle, plus interest and other finance charges, taxes, and fees | Lease payments are almost always lower than loan payments because you're paying only for the vehicle's depreciation during the lease term, plus interest charges (called rent charges), taxes, and fees. |
| Early Termination | You can sell or trade in your vehicle at any time. If necessary, money from the sale can be used to pay off any loan balance. | If you end the lease early, charges can be as costly as sticking with the contract. On occasion a dealer may buy the car from the leasing company as a trade-in, letting you off the hook. |
| Vehicle Return | You'll have to deal with selling or trading in your car when you decide you want a different one. | You return the vehicle at lease-end, pay any end-of-lease costs, and walk away. |
| Future Value | The vehicle will depreciate, but its cash value is yours to use as you like. | On the plus side, its future value doesn't affect you financially. On the negative side, you don't have any equity in the vehicle. |
| Mileage | You're free to drive as many miles as you want. But keep in mind that higher mileage lowers the vehicle's trade-in or resale value. | Most leases limit the number of miles you may drive, often 12,000 to 15,000 per year. (You can negotiate a higher mileage limit.) You'll have to pay charges for exceeding your limits. |
| Excessive Wear and Tear | You don't have to worry about wear and tear, but it could lower the vehicle's trade-in or resale value. | Most leases hold you responsible. You'll have to pay extra charges for exceeding what is considered normal wear and tear. |
| End of Term | At the end of the loan term, you have no further payments and you have built equity to help pay for your next vehicle. | At the end of the lease (usually two to three years), you can finance the purchase of the car, or lease or buy another |
| Customizing | The vehicle is yours to modify or customize as you like, although doing so may void your warranty. | Because you must return the vehicle in salable condition, any modifications or custom parts you add have to be removed. If there is any residual damage, you'll have to pay to have it fixed or you'll need to file an insurance claim and pay a deductible. |
Your privacy is important to us.
Kerry Nissan of Florence takes your privacy seriously and does not rent or sell your personal information to third parties without your consent. Read our privacy policy.
-
Kerry Nissan of Florence
8053 Burlington Pike
Florence, KY 41042
- Sales: (859) 371-8191
Loading Map...
AdChoices