Your Subaru Finance Options for 2024

People Looking at a Blue Folder by Antoni Shkraba is licensed with Pexels License

Understanding Automotive Financing

Exceptional quality and superior reliability are just two reasons a Subaru should be at the top of your list when you're shopping for a new or used vehicle. At Ciocca Subaru in York, Pennsylvania, you'll find a wide selection of Subaru models and a friendly team that's ready to help you throughout the car-buying journey. Our knowledgeable finance department can assist you with everything from applying for a loan or lease to taking possession of the keys to your new Subaru. Here's more about your Subaru finance options for 2024 and how we can help with the entire finance process.

When it comes to buying a new or used Subaru, you have a couple of purchase options. You can pay the full price of the car up front. This option means you won't have to worry about interest rates, and you'll own the car outright as soon as you finalize the paperwork. The cons of paying for a vehicle with money from your bank account include not being able to take advantage of certain incentives and discounts and not building up your credit history.

Another option is to lease a Subaru. Leasing means you're purchasing the right to drive a vehicle for a specified period and mileage. You'll make a monthly payment for the life of the contract, and when your lease ends, you return the car. This is a wonderful option for those who want to drive a new vehicle every few years or who don't want to put up a large down payment. Of course, the downside to leasing is that you'll never own the vehicle. Leases also come with mileage restrictions that could cost you at the end of the agreement.

Probably the most common way people buy a new vehicle is to finance it with an auto loan. Your credit score will affect how much you can afford to pay for a loan and your interest rate. The amount of money you put toward your down payment will also affect your loan amount. The good part about financing your Subaru is that you can build your credit, spread the cost of the car over a longer period, and potentially afford a better car. However, you'll be stuck with the car and its payments long term, which is a downside.

Benefits of Financing at a Subaru Dealership

If you decide to take advantage of the benefits of financing your new or used Subaru, you may want to consider financing directly through a Subaru dealership for several reasons. At an authorized Subaru dealership, you'll have access to manufacturer-backed incentives that aren't available when financing through a bank or other lender. These incentives could save you hundreds or thousands of dollars on the final cost of your vehicle. 

Additionally, our streamlined financing process ensures our customers find the ideal loan for their favorite Subaru. So working with us to get a financing solution that suits your needs can save you time and hassle. Let our experienced finance team help you get the best loan for your budget so you can drive home in the Subaru of your dreams.

Navigating the Finance Process

The loan process starts with filling out our simple online loan application. This gets the ball rolling and lets you know how much you can afford to spend on your monthly car payments. With your loan preapproval, you can start shopping for a vehicle in your price range. 

Once you determine the exact Subaru you want to buy, we can finalize your loan. You'll need to have your personal information ready, such as your date of birth, address, phone number, Social Security number, and other details about yourself. You also need to provide financial information, including your employment history and current annual income, as well as the details about the car you want to buy. We'll send all your information to the lender, and when you're approved, you'll be ready to drive away in your new set of wheels.

Special Financing Offers and Incentives

Subaru frequently offers deals that can help you save when purchasing a new vehicle. Although these financing offers and incentives change often, you'll always find ways to save on Subaru models. For 2024, Subaru is offering these financing incentives:

• Solterra: 0% APR financing for 72 months.
• Outback: 2.9% APR financing for 72 months.
• Forester: 2.9% APR financing for 72 months.
• Ascent: 2.9% APR for 48 months.
• Impreza: 3.9% APR for 48 months.
• Legacy: 3.9% APR for 48 months.
• Crosstrek: 4.9% APR for 36 months.
• WRX: 4.9% APR for 36 months.
• BRZ: 4.9% APR 36 months.

For those looking to lease a Subaru, you can enjoy one of these lease deals on 2024 models:

• Solterra Premium: $329 per month.
• Outback Base: $305 per month.
• Forester Base: $319 per month.
• Ascent Premium (seven-passenger): $409 per month.
• Impreza Base: $249 per month.
• Legacy Base: $269 per month.
• Crosstrek Base: $299 per month.
• WRX Base: $395 per month.
• BRZ Premium: $435 per month.

Explore Your Options at Ciocca Subaru

At Ciocca Subaru, we're committed to helping you find the best financing options for your needs. Our transparent financing process ensures you know exactly what you're paying for your new Subaru. We make the car-buying experience seamless from the moment you start shopping to the time you sign the final paperwork for your lease or loan. We encourage you to schedule an appointment with our finance department to learn more about how we can get you into the Subaru you've been dreaming about.

Take the Next Step: Contact Ciocca Subaru Today

When you're ready to take the next step in your car-buying journey, contact the team at Ciocca Subaru. We have the experience and expertise to help you find the right financing option for a new or used Subaru that suits your lifestyle and budget. Our finance department is committed to getting you the perfect loan and into your ideal Subaru today. We can't wait to see you sitting behind the wheel of your favorite Subaru model.