Subaru's first-time buyer program is limited to recent and soon-to-be college graduates and is only available at participating dealerships. However, even if you don’t qualify, you can leverage plenty of financing strategies to get behind the wheel of your first Suby.
What does the Subaru First Time Buyer program offer?
At participating dealerships, the Subaru first-time buyer program (also called the college graduate financing program) offers a $250 or $500 discount on a new car purchase for drivers who:
This program is also much more than just a discount. It allows you to qualify for a financing plan without a substantial credit history. Subaru knows it takes time to build a solid credit reputation and is willing to look past a score for eligible college graduates—helping them kickstart their bright futures.
It’s also worth mentioning that Subaru offers a military discount program for those who decided to opt out of higher education to serve our country. Further details can be found by visiting your local dealership or contacting email@example.com or 1-800-VIP-0933.
Tips for low-credit Subaru financing if you don’t qualify for the First Time Buyer program
If you graduated from college more than 12 months ago—or never attended at all—you won’t qualify for Subaru’s first-time buyer program.
But don’t walk away from your local Subaru dealership with your head hanging low just yet. Even if you don’t have a sufficient credit history, you can leverage these financing strategies to hopefully still get approved!
Pick a vehicle you can afford
And even if a brand-new car isn’t in the cards, Subaru does have special finance rates for certified pre-owned models (2015 to 2010).
Compare loan offers from multiple lenders
We always advise getting pre-approved for a loan before you ever go to the Subaru dealership. That way, you’ll have something to compare their offer to.
Get an assist from a co-signer
The best Subaru models for first-time car buyers
As a first-time car buyer, it’s easy to get tunnel vision around the financing plan. Unfortunately, this means you may lose sight of the bigger picture of car ownership costs, which include fuel, maintenance, and car insurance. So to stay grounded, here are some Subaru models we recommend to first-time car buyers: