Subaru Finance: Everything You Need to Know Before You Buy or Lease
Introduction
Looking to own a new Subaru but unsure how to finance it? Subaru finance options are designed to offer convenience, flexibility, and competitive rates to suit every budget. Whether you’re eyeing a rugged Subaru Outback or a sleek WRX, understanding your financing choices can save you thousands. Subaru Motors Finance (SMF), in partnership with Chase, offers a range of tools loans, leasing, special incentives, and payment plans to make your dream car more accessible. This guide will walk you through all aspects of Subaru finance, helping you decide whether to lease or buy, how to qualify, what offers are available, and how to manage your payments smartly. Let’s dive into how you can drive away in your Subaru on your terms.
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What Is Subaru Finance?
Subaru Finance, officially known as Subaru Motors Finance (SMF), is a financing solution powered by Chase Bank. It provides flexible auto loans and lease agreements for customers buying new or certified pre-owned (CPO) Subaru vehicles. You can apply directly at the dealership or online through the Chase website.
Subaru Lease vs Finance: What’s Better for You?
Leasing a Subaru
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Lower monthly payments
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Drive a new Subaru every 2–3 years
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Ideal for those who drive under 15,000 miles/year
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No long-term commitment
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May require excellent credit
Financing a Subaru
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Full ownership after loan term
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Unlimited mileage
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Customization allowed
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Better for long-term investment
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Higher monthly payments than leasing
Tip: If you plan to keep your Subaru for 5+ years, financing usually makes more sense.
Subaru Financing Options Through Chase
Subaru partners with Chase Auto to offer the following financing products:
✅ Retail Loan
Buy your Subaru and make fixed monthly payments. Terms range from 12 to 72 months.
✅ Subaru Lease Program
Short-term agreement (typically 36 months) with an option to buy or return the car.
✅ Balloon Financing
Lower monthly payments with a larger final balloon payment. Ideal for those planning to refinance or sell the car later.
✅ Subaru College Grad Program
Graduates can receive $500 off eligible models when financing through SMF.
✅ Military Discount Program
Active-duty and retired military members can access special rates or cash-back offers.
How to Apply for Subaru Financing
1: Check Your Credit Score
A minimum credit score of 620 is usually required, but higher scores qualify for better rates.
2: Choose a Subaru Model
Pick your car from a local dealership or online inventory.
3: Fill Out a Finance Application
You can apply:
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In-person at the dealership
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Online through Chase Auto Finance portal
4: Review Loan Terms
Look for:
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APR (interest rate)
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Loan term
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Down payment
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Monthly payment
5: Sign and Drive
Finalize paperwork and drive home in your new Subaru.
Subaru Finance Rates and Deals (As of May 2025)
| Model | Finance APR | Lease Offer | Term |
|---|---|---|---|
| Subaru Outback | 0.9% APR | $299/mo, $2,000 down | 36 months |
| Subaru Forester | 1.9% APR | $279/mo, $1,999 down | 36 months |
| Subaru WRX | 3.9% APR | $399/mo, $3,000 down | 36 months |
| Subaru Ascent | 2.9% APR | $349/mo, $2,800 down | 36 months |
Note: Deals vary by region and dealership. Always check your local Subaru site.
Subaru Motors Finance Tools & Features
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✅ Online Payment Portal
Set up recurring payments or make one-time payments via Chase. -
✅ Subaru Finance Calculator
Estimate monthly payments using tools on Subaru.com. -
✅ eBill & Paperless Statements
Manage documents online for a clutter-free experience. -
✅ Automatic Payments
Avoid late fees by setting up autopay through Chase.
Pros and Cons of Subaru Finance
Pros
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Competitive rates, especially for those with good credit
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Multiple loan and lease options
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Backed by Chase’s customer support
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Access to exclusive Subaru incentives
Cons
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Not available to buyers with low credit scores
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Limited flexibility once you lock in lease terms
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Early termination fees for leases may apply
How Credit Score Affects Subaru Financing
| Credit Score Range | Likely APR | Financing Eligibility |
|---|---|---|
| 750+ | 0.9% – 2.9% | Excellent approval odds |
| 650–749 | 3.9% – 6.9% | Moderate approval odds |
| 620–649 | 7% – 10% | Higher rates possible |
| Below 620 | Likely denied | Consider a co-signer |
Tips for Getting the Best Subaru Financing Deal
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Improve your credit before applying
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Compare dealer vs. bank rates
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Take advantage of seasonal promotions
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Increase your down payment
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Opt for a shorter loan term to pay less interest
What Happens After You Finance Your Subaru?
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Make your monthly payments on time
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Use Chase’s portal to track progress
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Watch for refinancing opportunities after 12–18 months
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At the end of the term:
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If leased: Return or buy out your Subaru
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If financed: Receive full ownership title
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Leasing-End Options with Subaru Motors Finance
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Return the vehicle and lease a new one
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Buy the vehicle at a pre-determined price
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Extend your lease (subject to approval)
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Upgrade to a new model with a trade-in bonus
Subaru Owner Benefits After Financing
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24/7 Subaru Roadside Assistance
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Subaru STARLINK™ app with remote access features
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Access to Certified Pre-Owned (CPO) program
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Trade-in deals for loyal Subaru customers
Summary
Subaru finance offers a range of lease and loan solutions through its partnership with Chase Auto, catering to different buyer needs and credit levels. With special programs for students and military, as well as seasonal promotions, it’s easier than ever to finance a Subaru that fits your lifestyle and budget.
7 Frequently Asked Questions (FAQs)
Q. What credit score do I need for Subaru finance?
Ans. You typically need a minimum credit score of 620, but higher scores unlock better rates.
Q. Is it better to lease or finance a Subaru?
Ans. Leasing is ideal for short-term use, while financing offers full ownership and long-term savings.
Q. Can I apply for Subaru finance online?
Ans. Yes. You can apply directly through the Chase Auto Finance portal.
Q. Does Subaru offer 0% financing?
Ans. Occasionally. 0% APR offers are available for select models and customers with excellent credit.
Q. How do I make payments to Subaru Motors Finance?
Ans. Payments are made via Chase online banking, mobile app, or by mail.
Q. Can I finance a used or certified Subaru?
Ans. Yes, SMF provides loans for certified pre-owned (CPO) Subarus as well.
Q. What happens if I miss a payment?
Ans. You may incur a late fee and it could impact your credit score. Always contact Chase for assistance.
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