Subaru Motors Finance
in Auto Loans from Subaru of America, Inc.Unaffiliated
Subaru Motors FinanceUnaffiliated
in Auto Loans from Subaru of America, Inc.
Strongly not recommended
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Subaru Motors Finance Review
Subaru Motors Finance is offered by Subaru of America, Inc., a financial services company founded in 2001 and based in Phoenix, AZ. Subaru Motors Finance is available in 50 states (and Washington, DC).
What APR does Subaru Motors Finance offer on its auto loans?
Subaru Motors Finance offers an auto loan product that ranges from 1.9% APR up to 20% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
What is the maximum loan term you can get with Subaru Motors Finance?
Subaru Motors Finance has auto loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.
Does Subaru Motors Finance charge an origination fee?
Yes, Subaru Motors Finance may charge a loan origination fee.
Does Subaru Motors Finance charge a late fee?
Yes, Subaru Motors Finance charges borrowers with a late payment penatly fee
Does Subaru Motors Finance charge prepayment fees?
Yes, Subaru Motors Finance does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.
Can I pay off early my Subaru Motors Finance loan?
Yes, you can. However, Subaru of America, Inc. charges a prepayment fee if you pay your auto loan early. This fee could reduce or eliminate the savings from paying the auto loan early.
What do you need to qualify for Subaru Motors Finance?Applicants with a credit score of at least 650 and up to 850 are eligible for Subaru Motors Finance. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
Subaru Motors Finance does not have or does not disclose a minimum annual income eligibility requirement. Subaru Motors Finance only considers borrowers who are employed.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Subaru Motors Finance. Their rates fall within the limits of The Military Lending Act.
Permanent resident / green card holders are also eligible to apply.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Driver's license
- Proof of citizenship or residence permit
What is the estimated funding time for an auto loan via Subaru Motors Finance?Subaru Motors Finance will typically fund the loan within 7 business days of approval.
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Employment Statuses Considered||
|Immigration Status Considered||U.S. Permanent Resident|
|Joint Loan Applications Accepted||Cosigner|
|Maximum Vehicle Age||1|
|Verification Documents Required||
|Credit Score Range||
650 - 850
|APR||1.9% - 20%|
|Loan Term||Up to 72 months|