FAQs

The same credit products apply to both EVs, petrol and diesel models. Some lenders do offer green loans for electric vehicles which may present lower rates or special features.

Interest rates on loans for all Nissan models, including the Z, are determined by the lender’s assessment of the individual application. Good credit score applicants are typically offered the best rates.

Both private and business loan applicants are required to provide details of their financial situation – income and expenditure, assets and debts. ID is required. An ABN is required for commercial credit. Personal loan applicants must be over 18 years of age.

Secured personal vehicle finance and commercial credit facilities are typically arranged with a fixed interest rate. Unsecured vehicle credit may be at a variable or fixed rate. Some lenders may offer variable rates on secured credit.

With new vehicles, the vehicle is usually accepted as the sole form of collateral for secured vehicle credit. Whether extra collateral or personal guarantee is required, is subject to individual lender guidelines.

Leasing features tax deductible monthly payments and Hire Purchase and Chattel Mortgage provide a deduction through depreciation.

Both Lease and Chattel Mortgage are effective commercial credit facilities for vehicles. The suitability of each is subject to the accounting method, tax strategy and balance sheet approach of the individual business operation.

Some lenders offer green car loans for electric vehicles such as the Nissan Leaf. The availability and features of these loans vary across the lender market.

A balloon is the portion of the Chattel Mortgage or Hire Purchase which is scheduled to be paid in full at the conclusion of the financing term.

Novated Car Lease with salary sacrificing is available on Nissan vehicles through brokers and specialist lenders.