Subaru Motors Finance: Financing Options for Subaru Owners
Subaru Motors Finance provides a range of financing and leasing solutions for Subaru buyers. This specialized service caters to Subaru customers who seek customized financing for new and used vehicles, aiming to make car ownership more affordable. With options such as flexible loan terms, special promotions, and loyalty rewards, Subaru Motors Finance aims to support customers throughout their vehicle ownership journey.
What is Subaru Motors Finance?
Subaru Motors Finance is a financial service provided in partnership with third-party banks, primarily Chase Bank. It offers a variety of loan and leasing products designed specifically for Subaru buyers. The company caters to customers with various financial backgrounds and provides tools to make the financing process straightforward.
New and Used Vehicle Financing: Offers loans for purchasing new and pre-owned Subaru models.
Leasing Options: Provides leasing alternatives for customers who prefer a lower monthly payment and the option to upgrade their vehicle more frequently.
Loyalty Programs: Includes special offers for returning customers and Subaru owners who are upgrading or financing another vehicle.
Financing Options Available
Subaru Motors Finance offers different financing plans to suit a variety of needs:
a. Traditional Financing
For customers interested in owning their vehicle, traditional financing through Subaru Motors Finance provides fixed or variable interest rate loans. The term of the loan is typically between 36 and 72 months, and the monthly payment remains the same throughout the duration.
Fixed Monthly Payments: Helps customers budget effectively.
Flexible Loan Terms: Ranges from short-term to long-term financing.
No Mileage Restrictions: Since customers own the car, there are no penalties for driving extra miles.
b. Leasing Options
Leasing a Subaru is an attractive alternative for customers who prefer lower monthly payments and the option to upgrade their vehicle every few years.
Lower Monthly Payments: Typically more affordable compared to purchasing.
Mileage Limits: There are mileage caps, which are negotiable within the lease agreement.
End-of-Lease Options: At the end of the lease, customers can choose to buy the vehicle, lease a new one, or return the vehicle.
c. Balloon Financing
Balloon financing allows customers to enjoy lower monthly payments during the term of the loan, with a larger "balloon" payment due at the end.
Lower Monthly Payments: Reduces the cost during the term of the loan.
Option to Refinance Balloon Payment: Provides the flexibility to extend payments.
Suitable for Short-Term Ownership: Ideal for customers planning to upgrade in the near term.
Applying for Subaru Motors Finance
The application process for Subaru Motors Finance is simple, whether applying online or through a dealership. Here’s how it works:
Online Pre-Approval: Subaru Motors Finance offers an online application form for pre-approval, providing customers with an estimate of what they can afford.
Dealer Interaction: Customers can also apply for financing directly through Subaru dealerships.
Credit Assessment: A credit check determines the loan terms, interest rate, and eligibility.
Approval and Contract Signing: Once approved, the customer signs the agreement, and the car is financed.
Benefits of Subaru Motors Finance
There are several advantages to choosing Subaru Motors Finance, including:
Competitive Interest Rates: Often features lower interest rates compared to other banks.
Special Promotions: Seasonal promotions, loyalty rewards, and deals for returning Subaru customers.
Dedicated Service: Specialized services focused on Subaru vehicles ensure that customers receive support tailored to their needs.
Convenient Online Management: Customers can manage payments, review loan details, and track their finance accounts through the online portal.
Subaru Loyalty Rewards Program
The Subaru Motors Finance Loyalty Program is designed to reward customers who return to finance another Subaru vehicle. The program provides various benefits, such as:
Returning Lessee Offers: Special incentives for current lessees who upgrade to a new Subaru.
Customer Cash Offers: Extra cash rebates and financing deals for loyal Subaru customers.
Loyalty Discounts: Reductions in interest rates or monthly payments for those who refinance with Subaru Motors Finance.