First Time Buyers Program

Are you ready to buy your first car?

If so, Vallejo Nissan can help you with our First Time Auto Buyer Program. This loan type is designed for those who have little to no credit and are ready to embark on their first automobile purchase. This loan comes with low rates, manageable terms, and is an excellent way to establish a credit history.

  • Must be at least 18 years old and able to repay the loan
  • Must be employed for a minimum of one year or have a qualified co-signer
  • No more than 12 months of auto loan payment history reflected on credit report and no derogatory credit may be present
  • Minimum gross monthly income requirement is $1,800.00
  • Monthly payment to not exceed 20% of gross income, including insurance premium
  • Proof of auto insurance required
  • Maximum loan amount is $15,000.00
  • Terms up to 72 months
  • Maximum Loan to Value 95% with a minimum 5% cash down. Minimum cash down requirement is not required when a qualified co-signer is provided.

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