Nissan has announced the arrival of its Nissan Go personal contract finance package to make new car ownership more affordable.
The scheme works by agreeing a buyback value for the car, based on its age and expected mileage at the end of the finance term. The final value is deducted from the amount to be financed; this means the loan is smaller than the full value of the car, which makes the payments more affordable. At the end of the scheme customers can either start again with a new vehicle and agreement, buy the car outright for the agreed value, or return the vehicle with no more to pay.
At the start of the scheme a minimum 10% deposit is payable. Typical monthly payments given by Nissan include €149 for a Micra, €189 for a Juke and the new Qashqai for €249. It is also worth noting that there are penalties to pay if your car goes over the agreed mileage or if the car suffers 'excess wear and tear'.