Connect with us

News

Nissan To Offer Low Mileage Pay-As-You-Go Leases

Published

on

Image for article titled Nissan to Offer Pay-as-You-Go Lease Options for Buyers

Image: David Zalubowski (AP)

Nissan is rolling out a new lease option for buyers of certain models. Automotive News reports that Nissan’s finance arm, NMAC (Nissan Motor Acceptance Corporation) has introduced a new low-mileage lease program that customers can add more miles to if they need.

Called SignatureFLEX, the leases start at 5,000 miles per year and go from there. Lessees can add on miles as needed throughout the life of the lease. The only downside is that SignatureFLEX isn’t available on every model right now. At the start, it’ll only be available on Rogue and Pathfinder. Nissan says it expects more models to be available with this lease program next year.

It’s an interesting move by any auto finance company, but it makes sense. NMAC vice president of sales and marketing Jim DeTrude told Automotive News that the introduction of SignatureFLEX was in response to industry trends the company had been noticing.

…customer data show a desire for lower-mileage leases. In response, Nissan last year introduced a 10,000-mile-per-year lease that became the most popular option for its new-car contracts. That was a change from 2020 when 67 percent of new-car leases were 12,000 miles per year.

So customers have been wanting lower mileage lease options. This makes sense, as the move towards working from home has enabled lots of people to drive less and save money. Nissan Motor Finance is currently assisting in dealer training so that dealers can help understand if these SignatureFLEX leases work for them.

“I’d rather the term align with their driving habits and not where they’re actually incurring additional expense versus drafting the lease initially at a 10,000- or 12,000-mile term that better fits their needs,” DeTrude told Automotive News.

Continue Reading

Recent News

Alienware Aurora 2019 Alienware Aurora 2019
Tech2 hours ago

Alienware Aurora 2019 (Gaming PC For Best Buy 2023)

Are you a gaming geek who has been waiting to get your hands on the best gaming setup? Then wait...

CNC Machining CNC Machining
Tech2 hours ago

CNC Machining: An Advanced Way To Prototyping

In today’s rapid technological times, when machines have been produced to cater to all industries sweepingly, the device of CNC...

Fake ID Fake ID
Tech2 hours ago

10 Best Fake ID Websites 2024

For quite some decades now, the world of the internet has advanced with technology and cyber hacks. People from all...

Discord Alternatives Discord Alternatives
Tech2 hours ago

5 Best Alternatives Of Discord In 2023

Voice and text applications are simply phenomenal for connecting with a team of professionals or even for having fun with...

Sites Like Reddit Sites Like Reddit
Tech2 hours ago

7 Best Sites Like Reddit That Everyone Should Check Out

We know the reason you’re here. Looking for platforms similar to Reddit? We’ve got your back. Reddit is a fantastic...

APAP Login APAP Login
Tech2 hours ago

APAP Login: Everything You Need To Know

In these times when obesity and heart diseases are on the rise, many conditions retrospectively affect people’s brains and bodies....

BT Mail Login BT Mail Login
Tech2 hours ago

All You Need To Know About BT Mail Login: Benefits Of BT Mail Login

Are you having trouble with your different logins? Well, we have the solution to your problems as what you might...

Biocentrism Debunked Biocentrism Debunked
Tech2 hours ago

Biocentrism Debunked: Consciousness Driving Universe 

Are you baffled by the universe’s steady onslaught of expansion, however still curious how your life drives the universe in...

Imginn Imginn
Tech2 hours ago

Imginn: A New Way To Anonymous Instagram

Whether you are new to the world of Instagram or a regular user, we all can agree that there have...

Bathroom Remodeling Bathroom Remodeling
Home Improvement3 hours ago

5 Best Bathroom Remodeling Contractors Houston

When you give your bathroom a makeover, it will transform the look of the whole house. The bathroom remodeling project...