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Financing

Fort Smith Car Loans - Smith Nissan

The Smith Nissan finance center works with many area lending sources to offer customized loans and leases. This means we can get you a low rate on your new or used Fort Smith auto loan. It also means that we can get you financing even if you have bad credit.

When you're thinking about getting a new or used car, come down to Smith Nissan at 1219 Hwy 71 South Fort Smith, AR. We'll get you a reliable vehicle, at a great price, and help you through the financing start to finish.

If you would like to start the process for getting an auto loan or lease, we suggest you start by understanding your budget. You can get estimated monthly loan payments from our finance calculator, and you can apply for financing with our secure online application.

                   

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Contact Information

Smith Nissan

1219 Highway 71 South

Fort Smith, AR 72901
workSales:
(866) 763 - 6042
serviceService:
(866) 763 - 6045
partsParts:
(800) 419-1300

Finance FAQ

Check out our online finance FAQ section for important information regarding car lease and loan characteristics.

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Tip!

Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.

Tip!

Owning a lease vehicle is possible if purchased outright after the lease period ends.

A typical lease period runs between 24 and 48 months.

Tip!

Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.

Tip!

Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.

Tip!

Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.

Tip!

Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.

Tip!

Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.

If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.