Automotive Finance FAQ


Are you a New Castle, Wilmington, or Newark driver who’s beginning the process of purchasing your next car? The team at Sheridan Nissan is here to help. You may have a few concerns about some of the things you should know before you get started. So, we’ve compiled a few questions our customers commonly ask our team members. Dive in to get a few of yours answered and don’t hesitate to contact the team in our finance department if you have any questions.


Is It Better to Buy or Lease?

Buying and leasing have several benefits that are well worth exploring. Deciding on the one that’s best for you depends on your particular preferences. For instance, when you buy a car, it will be yours to put on as many miles as you’d like. Additionally, your credit score generally won’t have to be as high as it would if you were leasing.

Advantages of leasing include that your down payment and monthly payments usually won’t be as high since you’re not financially responsible for the vehicle’s entire value. Plus, there may be a chance you won’t have to provide a down payment.



Automotive Finance FAQ DealershipAutomotive Finance FAQ Financing

How Should I Prepare for My Visit to the Dealership?

Most dealers provide you with helpful resources on their websites. Making use of these will provide you with a valuable head start. These include a Payment Calculator that will help you gauge which of your top choices fits best into your budget. .

The Value Your Trade tool is there to determine what you might get for trading in your current vehicle. Don’t forget to fill out the Financing Application to begin the process of getting approved for a loan.

When Will I Have to Make My First Car Payment?

Generally speaking, your first payment will be due place a month after you purchase the car. Don’t hesitate to ask if this is not clear.

How Much Time Should I Plan on Spending at the Dealership?

How long it takes to buy a car varies from person to person. In general, it’s a good idea to expect your visit to take around two hours.


Contact Us for More Automotive Finance FAQ Assistance

If you have any other questions beyond the ones we’ve addressed above, you’re welcome to reach out to a member of our team by sending us an email or giving us a call.

When you’re ready to start finding and financing your next motor vehicle, go ahead and contact Sheridan Nissan serving Newark, New Castle, and Wilmington. We’ll get you all set up with a test drive!

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(302) 326­-6100

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114 S Dupont Hwy • New Castle, DE 19720

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Today's Hours:

Open Today! Sales: 9am-8pm

Open Today! Service: 7:30am-6pm

Open Today! Parts: 7:30am-6pm

Sheridan Nissan 39.66374, -75.604525.