Looks like the 2.9% deal ends next week. My Outback is supposed to show up mid-September. Do they usually keep these promo rates going, or is it possible there won’t be one at all next month?
No one can say for sure, but based on how things usually go, it’ll probably stick around. They only seem to raise rates when the fed rate goes up, and that’s not likely right now.
Kind of related… does anyone know what Subaru looks for in their finance app?
I have a weird setup — full time trader with good income but it jumps around a lot month to month.
Do they always ask for tax returns if you’re self-employed? Or are there other ways to show income?
I’d probably put down $15k and finance about $20k.
@DolphGabbana
What’s your credit score?
That’s really all they looked at for me. I signed a credit check form but didn’t have to fill out much else or show any paperwork. They even took a personal check for my $22k down payment.
@Umbrielle
Around 700
DolphGabbana said:
@Umbrielle
Around 700
That’s close. A lot of the time those lower interest deals are for people over 720, at least that’s what I’ve seen online. Not sure what Subaru’s exact cutoff is though.
@Umbrielle
They approved me for a 6-year loan with $8k down and didn’t ask for income proof.
DolphGabbana said:
@Umbrielle
They approved me for a 6-year loan with $8k down and didn’t ask for income proof.
What rate did they give you?
DolphGabbana said:
@Umbrielle
They approved me for a 6-year loan with $8k down and didn’t ask for income proof.
What rate did they give you?
2.9
Umbrielle said:
DolphGabbana said:
@Umbrielle
They approved me for a 6-year loan with $8k down and didn’t ask for income proof.
What rate did they give you?
2.9
Nice deal.
@DolphGabbana
I was kind of in the same boat. As soon as I said I’d put $20k down, they were fine with it.
I got mine in January and they said the 1.9% rate was ending soon… but then it stuck around for another month or so. I’m not sure when it moved to 2.9%, but they tend to keep offering something. Hard to say for sure though.
I’d guess the deal keeps going. It depends how sales are doing and if they still need promos to move cars. With a 700+ score and that much down, they probably won’t ask about income.
It really depends on what kind of deals Subaru has with the banks. I think the 2.9% will stay if the fed rate stays low. Those low promo rates bring people in, even if some end up with higher rates after applying. Subaru’s resale value helps too — easier for the bank if someone stops paying.
Seems like it’s working for Subaru, they’re still selling well.