In a simple interest loan, interest is calculated as a simple percentage of the principal balance for the number of days covered by the payment. Interest is not compounded, which means that interest is paid only on the principal and not on previously accrued interest. Payments are allocated between interest and principal, first to reduce any interest accruing during the payment period and then to reduce the principal balance.

There are advantages to both, but no difference in maintenance or operating costs. Generally, leases are better for those who drive up to 15,000 miles each year, take excellent care of their vehicles, and want a new car every two to four years. You only have to pay for that portion of the car’s life that you use. Buying is ideal if you drive a lot of miles, put your vehicle to heavy or rough use, and want to build equity. You can also sell, customize, or trade your Nissan if you wish.

Yes, NMAC’s Signature PURCHASE program offers financing for Pre-Owned Nissan and non-Nissan vehicles that are up to five years old, and have less than 85,000 miles.

Your trade-in value depends on a number of factors, including the vehicle model, year, and condition. You can also get a general idea of your car’s worth by checking independent car value guides. However, a vehicle survey by your Nissan dealer is always necessary to determine the final trade-in value.

While in some cases you may be able to make more money selling it on your own, trading your car in to a dealer offers several advantages. You are likely to get immediate cash or credit. Your dealer will handle the paperwork and might pay off your current loan/lease. And you won’t have to deal with some of the hassles associated with selling a car on your own. No running ads, no title transfer paperwork, no strangers in your car, and no bad checks.

NMAC – Physical Address for Overnight Mail
Nissan Motor Acceptance Corporation
8900 Freeport Parkway
Irving, TX 75063

Lease or Loan Payoff
Nissan Motor Acceptance Corporation
Attention: Payoff Department
P.O. Box 660364
Dallas, TX 75266-0364

Customer Service
Nissan Motor Acceptance Corporation
P.O. Box 660360
Dallas, TX 75266-0360

Title Services
Nissan Motor Acceptance Corporation
P.O. Box 660368
Dallas, TX 75266

Early Termination Payment
Nissan Motor Acceptance Corporation
Attention: Early Terminations
P.O. Box 660604
Dallas, TX 75266-0604


Loan Extension Processing
Nissan Motor Acceptance Corporation
P.O. Box 660685
Dallas, TX 75266-0685

ACH-Signature DIRECTPAY® – Enrollments and Cancellations
Nissan Motor Acceptance Corporation
P.O. Box 650424
Dallas, TX 75265-9696

Insurance Physical Damage (Insurance Check Endorsement)
Nissan Motor Acceptance Corporation
Attention: Physical Damage
P.O. Box 660672
Dallas, TX 75266-0672

Insurance Total Loss
Nissan Motor Acceptance Corporation
Attention: Total Loss
P.O. Box 660577
Dallas, TX 75266-0577

For general inquiries, contact: Nissan Customer Service at (800) 456-6622, Monday through Friday, 7:00 a.m. to 7:00 p.m., Central Time

The credit bureaus will help you investigate any issue in your credit file. You may contact them at:
Equifax
P.O. Box 105851
Atlanta, GA 30348

TransUnion
P.O. Box 2000
Chestor, PA 19022

Experian
P.O. Box 2104
Allen, TX 75013

Live by a realistic budget. Let your budget be your guide to spending, not your credit limit. Make timely payments at or above your minimum required payment. Don’t overextend yourself. Maintain steady employment. Keep close track of your expenditures and your bills to guard against credit fraud. If you plan on making a major purchase on credit, order a copy of your credit report beforehand and review it for negative entries that might need to be resolved.

Your account may qualify for a payment extension. Please contact our Customer Service Department at (800) 456-6622, Monday through Friday, 7:00 a.m. to 7:00 p.m., Central Time.

Yes. Contact our Customer Service Department to verify that your account is eligible for a payment due date change. If eligible, you may make a written or verbal request to process the due date change. You may reach a Customer Service Associate by calling (800) 456—6622 Monday through Friday, 7:00 a.m. to 7:00 p.m., Central Time.

If you cannot afford to make your monthly payments, contact NMAC immediately and explain your situation. Another option is to visit your local Nissan dealer who may be able to trade you into a more affordable vehicle.

Yes. If you would like to have another party assume the payments on your existing contract, that party would submit a credit application to NMAC for review. Be aware that if the applicant is approved, you are not released of your contractual obligation and will remain on the contract as guarantor. After the credit approval, NMAC will send the applicant a Transfer of Equity Agreement to sign and add the applicant to your contract. Please contact our Customer Service Department for more information. You may reach a Customer Service Associate by calling (800) 456—6622, Monday through Friday, 7:00 a.m. to 7:00 p.m., Central Time.

Yes. Please be sure to include the entire account number on your check or money order. Call (800) 456-6622, Monday through Friday, 7:00 a.m. to 7:00 p.m., Central Time, for the appropriate mailing address.

Yes. You may request a duplicate billing statement for the current billing period. The statement will not reflect any transactions that may have occurred from the time it was originally mailed.

Please notify NMAC Customer Service of your new address and telephone number by calling (800) 456-6622, Monday through Friday, 7:00 a.m. to 7:00 p.m., Central Time. You should also notify the Nissan dealer where you purchased your vehicle.

Please send written verification of your legal name change, such as marriage license or divorce decree to:
Nissan Motor Acceptance Corporation
Attn: Customer Service
P.O. Box 660360
Dallas, TX 75266-0360

It is possible that your last payment was not applied to your account before the billing statement was mailed. Statements are mailed 21 days prior to your due date each month. Please verify with your bank if the payment has cleared. If it has cleared, please contact Customer Service Department at (800) 456-6622, Monday through Friday, 7:00 a.m. to 7:00 p.m., Central Time.

Yes. If you would like to make a principal payment to your loan balance please see instructions below. By following these procedures, you will help us to ensure that we correctly apply your payment. Once we have processed the payment it will appear on the next available statement as a principal payment: Please make out a separate check for the amount you want to apply to your principal balance. Please note in the “Memo” or “For” line of your check the account number and the words “principal only payment.” Mail check to the following address:

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Yes. If your Nissan is financed with NMAC, you can make secure online car payments to your NMAC account by electronic check or credit card through BillMatrix. This low-cost service is fast and easy. Click here to make a payment now.