What type of interest rates am I likely to be offered?

The interest rates offered tend to vary based on a range of factors. Initially they start at current market rates, however this number can then be affected by a number of additional factors. These include your credit score, your credit history, your monthly income, and how much of a down payment you have. However, our lenders are willing to work with most of our customers, no matter what your credit score happens to be. Bear in mind having bad credit or no credit does not automatically disqualify you from securing a loan.

What if I don't have a down payment?

Just because you don't have a vehicle to trade in does not mean we can?t find the financing you need. Our team of financing experts can work with you, no matter how much or how little you have to put down on the vehicle you intend to purchase. In fact a number of our lenders are willing to work with you, even if you have nothing to put down or trade in.

What if I am upside down in my trade-in, can you still find financing for me?

Here at Daytona Nissan our financial department is dedicated to helping you overcome any financial difficulties you might be experiencing. We have found that being upside-down in your current vehicle has become a very common problem and one that thanks to higher loan-to-value financing terms, we can help you overcome.

Is there a maximum amount I will be able to finance?

When it comes to maximum loan amounts, we take two very important factors into consideration. First we look at your monthly income, then we take a look at the amount you are asking to finance. Our lenders will often offer higher loan amounts to well-qualified customers.

I have never had a loan before and have no credit score, can you still find financing for me?

First time car buyers often seem to have the hardest time getting the financing they need to get their credit off to a good start. At Daytona Nissan we don't consider this to be a problem, many of our lenders are willing to work with those who have no credit score. They look at your work history, income, and how much of a down payment you have in order to secure the loan you need.

What if I have credit that is less than perfect, what is the lowest credit score I can have and still get financing?

Our financing team does not actually have a minimum credit score for finding a loan for our customers. We can work most customers regardless of their credit history. Remember, your credit score is only one small factor used to determine your financing eligibility, there are a number of other factors considered in the final approval process.

Is there a minimum amount available for financing?

Just as there is no pre-set maximum loan amount, our financial experts can find lenders who will work with almost any loan amount. We have been able to find lenders who will work with loans as low as $3,500.