NMAC Ditches California, Changes Company Name

By

Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis 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 in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

, Senior Pricing Analyst - April 6, 2021

Nissan's captive financing company, NMAC, has undergone a name change and is no longer a California company. According to a letter sent to dealers, Nissan Motor Acceptance Corporation is now a Delaware-based limited liability company called Nissan Motor Acceptance Company LLC. The change took effect April 1.

The company says the change in its legal status "will have no impact on contracts already signed and in effect." In a similar move, the subsidiary company that handles leasing for NMAC and Infiniti Financial Services has also changed its name from Nissan-Infiniti LT (Lease Trust) to Nissan-Infiniti LT LLC.

While consumers may not notice the change, there are a number of recent updates worth mentioning. As we reported today, NMAC is now paying dealers a bonus based on the total amount financed in a move that we think could potentially encourage dealers to sell pricier cars and get buyers to take out longer loans.

According to Automotive News, the company decided to cancel so-called "stair-step" incentives based on sales objectives criticized for creating a race to the bottom when it comes to prices. As we covered previously, NMAC has also doubled down on subprime financing by partnering up with outside loan providers.

Nissan's best deals continue to center on financing. For example, the 2021 Rogue currently offers a choice between a $500 rebate or 0% APR for 60 months plus $500 in Special APR Cash. Compared to a 5-year loan for a $30k SUV at 4%, our analysis finds that financing with NMAC could save over $3,000 in interest.

This Month's Top Nissan Leases & Deals »

, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis 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 in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

Privacy Policy|Do Not Sell My Personal Information|Terms of Use|Cookie Policy|Disclaimer|
COPYRIGHT 1999-2021 MH Sub I, LLC dba CarsDirect.com