Nissan Z Already Has 84-Month Financing

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Managing Editor

As CarsDirect’s resident pricing expert, Alex offers must-know analyses of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

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, Managing Editor - August 5, 2022
2023 Nissan Z sports car

Nissan is already offering 84-month financing on its highly anticipated Z sports car. According to an incentive bulletin sent to dealers earlier this week, the company is now offering a way to finance the 2023 Nissan Z for up to 7 years. Here's a quick look at what we know, and why this may end up being a pretty bad deal.

As of August 2nd, a number of 2023 Nissan models are eligible for 84-month financing at non-promotional rates. These so-called standard APR offers now include the Nissan Z, a high-powered coupe with retro-inspired styling. However, details on the new 84-month Nissan Z financing deal remain surprisingly unclear.

Unlike other major brands, Nissan hasn't published its 84-month Z financing rates and instead says that buyers may receive "custom standard rates based upon NMAC's custom scoring model." As a result, this lack of transparency could make it harder for Nissan Z buyers to gauge the cost to buy the all-new car.

Just for reference, Nissan's online payment calculator for the Altima sedan lists a 72-month rate of 5.29% APR here in Southern California. Even at that rate, we estimate that an 84-month loan on a $40,000 Nissan Z would translate to almost $8,000 in interest. On a $50,000 car, the cost would be almost $10,000.

But that's not all. Standard rates can also be subject to dealer markups sanctioned by automakers. The latest bulletin from NMAC, the brand's captive lender, says "dealer participation" for 84-month financing can be as high as 150 basis points. In other words, dealers may be able to mark-up Z interest rates up to 1.5%.

Unfortunately, Nissan's financing incentives are nowhere near as good as they were in the past. Its website now focuses on 36-month financing deals starting at 1.9% APR. At one point, you could reliably find 0% financing on 5, 6, and even 6-year auto loans for some of the brand's most popular cars and trucks.

Explore Nissan Z Prices & Deals

, Managing Editor

As CarsDirect’s resident pricing expert, Alex offers must-know analyses of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

Follow On: Twitter

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