does subaru offer 72 month financing

Cruising Into Savings: Does Subaru Offer 72-Month Financing?

You’ve got your eye on that sleek new Subaru Outback, the rugged Forester, or maybe even the sporty WRX STI. You’re picturing yourself cruising down open roads, tackling snowdrifts with ease, and feeling the thrill of the Symmetrical All-Wheel Drive. But then reality hits: financing.

One question likely pops up – does Subaru offer 72-month financing options to make that dream car a little more attainable? Let’s dive into the world of Subaru financing and see what they have in store for adventurous drivers like you.

Subaru Financing: Tailored Options for Every Journey

Subaru understands that everyone has different financial needs and preferences. They want to make sure you can get behind the wheel of your dream Subaru without breaking the bank. That’s why they partner with a network of trusted lenders to offer a variety of financing options, including loan terms ranging from 36 to 72 months (and sometimes even longer!).

Finding Your Perfect Fit: Exploring 72-Month Financing

While Subaru doesn’t directly set the financing terms – those are determined by individual lenders – they do work closely with these financial institutions to ensure competitive rates and flexible options. So, yes, finding a 72-month financing option for your new Subaru is definitely possible!

Here’s what influences your eligibility for longer loan terms:

* Credit Score: A higher credit score generally unlocks better interest rates and access to longer loan terms.
* Loan Amount: The total amount you’re financing plays a role. Larger loans might have stricter term limits.
* Vehicle Model and Year: Some models or model years may have specific financing programs available, including 72-month options.

The Pros and Cons of 72-Month Financing

Before jumping into a 72-month loan, it’s essential to weigh the pros and cons:

Pros:

* Lower Monthly Payments: Stretching your loan over 72 months means smaller monthly payments, making budgeting easier.
* Increased Affordability: This option can help you afford a car that might have been out of reach with shorter loan terms.

Cons:

* Higher Total Interest Costs: Longer loans mean you’ll pay more interest overall compared to shorter-term loans.
* Potential for Negative Equity: If your car depreciates faster than you repay the loan, you could end up owing more on the car than it’s worth (negative equity).

Tips for Making the Most of Subaru Financing

1. Shop Around: Don’t settle for the first financing offer you receive. Compare rates and terms from different lenders to find the best deal.
2. Consider a Down Payment: Putting down a larger down payment can reduce your loan amount and potentially qualify you for better interest rates.

3. Review Your Budget: Carefully assess your monthly budget and ensure that the payments fit comfortably without straining your finances.
4. Understand the Fine Print: Read all loan documents carefully before signing. Pay attention to interest rates, fees, and any prepayment penalties.

5. Consult a Financial Advisor: If you’re unsure about the best financing option for your situation, speak with a financial advisor who can provide personalized guidance.

Hitting the Road with Confidence

Subaru is known for its safety, reliability, and performance, making it a popular choice for drivers of all kinds. When exploring financing options, remember that 72-month loans can be a viable solution, but it’s crucial to do your research, understand the implications, and choose the option that aligns best with your individual financial goals.

With careful planning and the right financing strategy, you can soon be enjoying the freedom of the open road in your new Subaru.