If you’re planning to drive home in a brand-new Subaru—whether it’s a rugged Outback, sporty WRX, or the family-friendly Forester—Subaru Motors Finance offers flexible solutions to help you make it happen. In this comprehensive guide, we’ll walk you through how Subaru Motors Finance works, what options you have, and how to choose the best financing or lease plan for your needs.
What Is Subaru Motors Finance?
Subaru Motors Finance (SMF) is the official financing arm for Subaru vehicles, operating through Chase Bank. SMF provides competitive auto loan and lease options tailored for Subaru customers. Whether you’re buying new or certified pre-owned, Subaru Motors Finance aims to make owning or leasing your dream Subaru more affordable.
Benefits of Financing Through Subaru Motors Finance
Choosing Subaru Motors Finance over traditional banks or credit unions comes with several perks:
✅ Special Financing Rates
SMF frequently offers promotional APR deals, sometimes as low as 0% for qualified buyers on select models.
✅ Flexible Terms
Loan terms can range from 24 to 72 months, allowing you to customize payments to fit your budget.
✅ Loyalty Programs
Current Subaru owners often receive additional incentives when they finance their next Subaru through SMF.
✅ One-Stop Process
Dealerships handle all paperwork directly with Subaru Motors Finance, streamlining the purchase process.
✅ Subaru Lease Loyalty Program
If you’re leasing, SMF often offers lease-end loyalty benefits, including fee waivers or special rates on your next lease.
Subaru Motors Finance Loan Options
When you finance with Subaru Motors Finance, you typically have two primary options:
1. Traditional Auto Loan
- Ownership: You own the vehicle once the loan is paid off.
- Equity: Build equity as you pay down the balance.
- Mileage Freedom: No mileage limits.
- Customization: Free to modify your vehicle.
- APR Rates: Vary based on credit score, vehicle model, and promotional offers.
Example Offer (As of 2025):
- 2.9% APR for 48 months on a new Subaru Outback (for qualified buyers)
Always check the Subaru website or your local dealership for the latest Subaru Motors Finance promotions.
2. Subaru Lease
- Lower Monthly Payments: Lease payments are typically lower than loan payments.
- Drive New Every Few Years: Perfect for those who like upgrading vehicles often.
- Mileage Limits: Standard leases often come with a 10,000-15,000 annual mileage limit.
- Wear-and-Tear Charges: Additional fees may apply if you exceed wear-and-tear guidelines.
- End-of-Lease Options:
- Return the vehicle
- Purchase the vehicle at its residual value
- Lease or finance a new Subaru
Example Lease Deal (As of 2025):
- Lease a 2025 Subaru Crosstrek for $299/month for 36 months with $2,999 due at signing.
How to Apply for Subaru Motors Finance
Applying for Subaru Motors Finance is a simple process:
- Visit a Subaru Dealer
Discuss your vehicle choice and financing needs with a finance manager. - Complete a Credit Application
Provide personal details, income, and employment info. - Receive Approval Decision
Subaru Motors Finance evaluates your creditworthiness. - Choose Your Terms
Pick loan or lease terms that work for your budget. - Sign and Drive
Complete the paperwork and take your new Subaru home!
Subaru Motors Finance Payment Options
Subaru Motors Finance makes paying your loan or lease easy:
- Online Payments via Chase Auto
- Automatic Payments to avoid late fees
- Mobile App Payments
- Mail Payments
Be sure to register your account online at the Chase Auto website to manage payments, view statements, and track your Subaru finance account.
Subaru Motors Finance and Credit Approval
Your credit score plays a major role in determining your Subaru Motors Finance rates and approval. Here’s how your credit tier generally affects financing:
- Excellent Credit (750+): Eligible for the best rates and special financing offers.
- Good Credit (700-749): Competitive rates, though slightly higher than the best offers.
- Fair Credit (650-699): Higher rates; limited promotional offers.
- Poor Credit (<650): Approval may be challenging; higher interest rates.
Tip: If your credit needs improvement, consider working on your credit score before applying for Subaru Motors Finance to secure better terms.
Subaru Motors Finance vs. Other Lenders
Should you use Subaru Motors Finance or a bank/credit union? Here’s a quick comparison:
| Feature | Subaru Motors Finance | Bank/Credit Union |
|---|---|---|
| Special Subaru Deals | ✅ Often available | ❌ Rare |
| Simplified Process | ✅ Yes | ❌ Less integrated |
| Loyalty Programs | ✅ Yes | ❌ No |
| Competitive Rates | ✅ Yes (Promotions) | ✅ Sometimes |
| Flexibility for Leasing | ✅ Yes | ❌ Usually loans only |
If you value convenience and Subaru-specific incentives, Subaru Motors Finance is often the better choice.
FAQs About Subaru Motors Finance
Is Subaru Motors Finance owned by Subaru?
No. Subaru Motors Finance is a program offered through Chase Bank, providing financing exclusively for Subaru customers.
Can I pay off my Subaru Motors Finance loan early?
Yes, SMF loans generally have no prepayment penalties, but always confirm with your contract.
What credit score do I need for Subaru Motors Finance?
While there’s no official minimum, a score of 700+ helps secure better rates and approval odds.
Does Subaru Motors Finance offer refinancing?
SMF itself doesn’t directly handle refinancing, but you may refinance with Chase or another lender.
Final Thoughts
Subaru Motors Finance is an excellent option for anyone looking to drive a new Subaru with competitive rates, flexible terms, and exclusive deals. Whether you’re buying or leasing, SMF makes the financing journey smoother and often more affordable.
Before you sign any paperwork, compare Subaru Motors Finance offers with other lenders and always read the fine print to ensure you’re choosing the best path for your budget and lifestyle.
Ready to hit the road in your dream Subaru? Start exploring Subaru Motors Finance options today and drive with confidence!
