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- Most credit types welcome
- 45-day preapproval
- Seven-day guarantee
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According to USA Today, Subaru ranks number three in customer satisfaction among car manufacturers. If you’re interested in buying one of these midrange cars, you have a few financing options to consider. Though Subaru is pricier than some of the competition, its vehicles come with a solid warranty and you could even score a special rate discount.
You can finance your Subaru a few ways: through a car loan, manufacturer financing or by taking out a personal loan. A car loan is generally the least expensive option. Not only will you be taking out a secured loan, which typically has lower rates than a personal loan without collateral, but you’ll also cut out the middleman. This means no tacked-on interest to cover the dealership’s costs.
However, it may not be your quickest option. To find the best deal, you’ll have to compare rates from different online lenders, banks and credit unions. If you’re pressed for time, a loan directly through Subaru Motors Finance (SMF) may be ideal. SMF is done through Chase Bank, which means your vehicle will be financed through Chase if you go directly through an authorized Subaru dealer. You can apply when you pick out your car and drive off the lot the same day — no waiting period required.
Your local Subaru dealer may offer its own special promotions, like cashback bonuses or low down payment options. The rates and terms you qualify for will depend on your credit score and personal financial situation.
*Rates as of November 27, 2018.
Subaru offers a few car-buyer programs for servicemembers, college grads and more.
The actual cost of your new Subaru will depend on your negotiating skills, where you live and any special promotions you qualify for. However, you can expect a basic trim to run you anywhere from $18,595 to $65,700.
For 2018 and 2019 models, Subaru offers a new vehicle limited warranty that covers your car for three years or 36,000 miles — whichever comes first. There’s also a standard five-year, 60,000-mile powertrain limited warranty that covers your engine and related parts as well as warranties that cover your seat belts, brake pads, wiper blades and clutch linings. In addition to these, Subaru has a standard five-year limited warranty for rust perforation that covers your vehicle in case of corrosion and other rust-related damage.
In order to not be charged for these repairs, you need to bring your car to an authorized Subaru retailer in the US. And unlike many other manufacturers that only cover the first owner of the vehicle, Subaru extends its warranties to every owner during the warranty period.
Although Subarus can be a bit pricier than the competition, you may qualify for one of the brand’s special buyer programs to help bring down the cost. And if you’re buying a certified preowned car directly through Subaru, you may be able to find a car that’s still under warranty. Financing directly through Subaru Motors Finance may be your fastest option, but you could likely find a more competitive rate by comparing car loans from banks and online lenders first.
Learn more about how they work and compare your options with our guide to car loans.
Image source: shutterstock and Subaru’s official page
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