ece_tim Posted August 31, 2006 Share Posted August 31, 2006 So I called the local dealer today to get info on Subaru's recent college grad program. The details I got were that you can have no credit, but cannot have negative reports on your credit, must have a job, and must have graduated in the past 12-24 months. He said they take the application, send it to Subaru, and Subaru evaluates it in-house. My question is what rates and term lengths are people getting? I really unfortunately will need a 60 or 72 month loan when I do get around to buying the new car, so accordingly I'm hoping for a low rate (I do have good credit). Thoughts? Link to comment Share on other sites More sharing options...
Underdog Posted August 31, 2006 Share Posted August 31, 2006 lazy subscribe... I'm wondering the exact same thing... I was planning on picking up an lgt as soon as I get my singing bonus (a few weeks). However, I'm now thinking that I'm going to save up for a larger down payment and buy around december. I've been wondering what the max financing term is at the 0.0%? I really want to keep my monthly payments down as I will be paying ~$900/mo. on my student loans! I should really go into a dealership and ask but I'm too lazy to click the subscribe button, so what makes you think I'll actually go in? The Crimson Dynamo Link to comment Share on other sites More sharing options...
ece_tim Posted August 31, 2006 Author Share Posted August 31, 2006 The regular financing term for 0% is 24 months I believe http://www.cars101.com/subaru/rebates.html Hoping someone knows for about the Subaru College Grad program Link to comment Share on other sites More sharing options...
ChruiSSer Posted August 31, 2006 Share Posted August 31, 2006 <--- Salesman for Subaru Basically the College Grad program is just that. WITH a letter of intent from a company stating that you will be starting on this date, making this much money, yadda yadda, Subaru will grant you Tier 1 credit WITHOUT a cosigner as long as you have no negative marks and decent credit. Now if you've missed some payments, or something that would hurt your credit, it may not be Tier 1, but a parent or guardian could cosign and as long as they have good credit, bring you back up to top. HTH Link to comment Share on other sites More sharing options...
ece_tim Posted August 31, 2006 Author Share Posted August 31, 2006 Gotcha, that explains it perfectly, thanks ChruiSSer!! So are the financing options pretty much explicitly as listed in the page I linked above? I've heard of someone getting 60 months for 1.9% and I haven't heard of that Link to comment Share on other sites More sharing options...
Aczwild Posted August 31, 2006 Share Posted August 31, 2006 Subscribe for graduation in May '07 Spec B here I come! JDM'd All to hell Thanks Jimmy @ Hkc-Speed.com! RIP Coxx & Thanks Link to comment Share on other sites More sharing options...
ChruiSSer Posted August 31, 2006 Share Posted August 31, 2006 That 1.9% for 60 mo. does not exist for subaru. Maybe another company... The page you posted, outlines it to a T Link to comment Share on other sites More sharing options...
ece_tim Posted September 1, 2006 Author Share Posted September 1, 2006 That 1.9% for 60 mo. does not exist for subaru. Maybe another company... The page you posted, outlines it to a T Another poster said he got 1.9% for 60 months from his dealer, guess that wasn't Subaru but the dealer or something? Link to comment Share on other sites More sharing options...
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