Your First Subaru Starts Here
Buying or leasing a vehicle with limited credit history can feel unfamiliar. At Liberty Subaru, our finance team can help you understand your options through the Subaru Motors Finance First-Time Buyer Program and Enhanced College Graduate Program.
These programs give eligible applicants with no prior or current vehicle credit a path to financing an eligible Subaru. Whether you're preparing to graduate, starting your career, or applying for your first auto loan or lease, we'll help you review the requirements and find out which program may fit your situation.
These are two separate programs and cannot be combined with each other. All applications are subject to credit approval through Subaru Motors Finance. Program eligibility does not guarantee approval. Additional credit, income, debt, vehicle, and financing requirements apply.
First-Time Buyer Program at Liberty Subaru
If you have limited or no credit history and have never had vehicle credit, the Subaru Motors Finance First-Time Buyer Program may help you purchase or lease an eligible Subaru.
You do not need to be a student or college graduate to apply.
First-Time Buyer Qualifications
To be considered for this program, applicants must:
Have no prior or current vehicle credit.
Have no past or present derogatory or delinquent credit history.
Provide valid proof of income.
Make a down payment of at least $1,000. Rebates and incentives do not count toward this minimum.
Subaru Motors Finance also reviews the proposed payment, existing debt, and other application details when making a credit decision.
Eligible Subaru Vehicles
The First-Time Buyer Program is available for the purchase of eligible new, Certified Pre-Owned, and used Subaru vehicles up to 12 model years old. Eligible new Subaru vehicles may also be leased. The WRX is excluded from this program.
The maximum amount financed for a purchase, or capitalized cost for a lease, is $40,000. Purchase terms may extend up to 72 months, and lease terms may extend up to 48 months, subject to approval and program requirements.
Enhanced College Graduate Program at Liberty Subaru
A New Chapter. A Subaru to Go With It.
Preparing for graduation or getting established after school? The Subaru Motors Finance Enhanced College Graduate Program helps eligible upcoming and recent graduates purchase or lease a Subaru.
You may qualify before graduation, and eligibility extends up to three years after graduation.
College Graduate Qualifications
To be considered, applicants must:
Be graduating within six months or have graduated within the past 36 months, measured from the application date.
Meet the qualifying education requirements for an Associate, Bachelor's, or Master's degree from an accredited U.S. two- or four-year college or graduate school, or a qualifying nursing school program, including LVN or RN.
Have no prior or current vehicle credit.
Have no past or present derogatory or delinquent credit history.
Be currently employed or within 90 days of their employment start date.
For a joint application, both applicants must meet all College Graduate Program eligibility requirements.
Verifying Your Graduation
Provide your school's name and state when applying so Subaru Motors Finance can attempt to verify your graduation status.
If additional documentation is needed, you may be asked for:
Upcoming graduates: A letter from the registrar confirming your expected graduation date and degree type, or a transcript showing current classes, credits earned, and credits needed for your degree.
Recent graduates: A diploma confirming your graduation date, or a final transcript showing your degree type and the date earned.
Our finance team can help you understand which documents are needed for your application.
Eligible Subaru Vehicles
The Enhanced College Graduate Program is available for the purchase of eligible new, Certified Pre-Owned, and used Subaru vehicles up to 12 model years old. Eligible new Subaru vehicles may also be leased.
The maximum amount financed for a purchase, or capitalized cost for a lease, is $40,000. Purchase terms may extend up to 72 months, and lease terms may extend up to 48 months, subject to approval and program requirements.
Benefits of Special Financing Programs
Both the First-Time Buyer and Enhanced College Graduate Programs offer significant advantages. Here's what you can expect when you choose Liberty Subaru:
- Competitive financing rates
- Flexible payment terms
- Opportunity to build credit history
- Purchase and lease options on eligible Subaru vehicles.
- Expert guidance from our finance team
- Guidance through the application process.
These programs are designed to remove barriers to vehicle ownership. Our team understands the challenges young buyers face. We're committed to finding solutions that work for your budget and lifestyle.
Why Choose Subaru for Your First Vehicle?
Subaru vehicles are known for their reliability and safety. They're perfect for first-time buyers who want dependable transportation. Here's why Subaru is an excellent choice:
- Standard Symmetrical All-Wheel Drive on most models
- Top safety ratings across the lineup
- Excellent fuel efficiency
- Long-lasting durability
- High resale value
- Award-winning EyeSight Driver Assist Technology
From the compact Impreza to the versatile Outback, there's a Subaru for every lifestyle. Our team at Liberty Subaru will help you find the right match.
Visit Liberty Subaru in Emerson, NJ
Ready to explore your financing options? Visit Liberty Subaru today. Our experienced team is here to guide you through the entire process. We'll answer your questions and help you understand your options.
At Liberty Subaru, we believe everyone deserves the opportunity to own a quality vehicle. Our First-Time Buyer and Enhanced College Graduate Programs make that dream a reality. Stop by our showroom today to get started.
Frequently Asked Questions
No. These are separate Subaru Motors Finance programs and cannot be combined with each other. If you may qualify for both, our finance team can help you review which program is appropriate for your application.
Yes. Applicants with no credit history may be considered, subject to each program’s requirements and credit approval. Both programs require no prior or current vehicle credit and no past or present derogatory or delinquent credit history.
Both programs require applicants to have no prior or current vehicle credit. If you have previously had an auto loan or lease, contact our finance team to explore other financing options.
No. The First-Time Buyer Program does not have a graduation requirement.
Yes. The Enhanced College Graduate Program allows eligible applicants who will graduate within six months of the application date. You must also meet the education, employment, credit, and other program requirements.
You may qualify if your graduation date falls within 36 months of your application date and you meet the remaining requirements.
No. Enrollment alone does not establish eligibility. You must meet the qualifying graduation window and all other program requirements.
The First-Time Buyer Program requires at least $1,000 in customer down payment, excluding rebates and incentives. For the Enhanced College Graduate Program, any required down payment depends on your application and credit approval. Additional money down may be needed to meet financing limits or other approval conditions.
Yes. Both programs offer leasing on eligible new Subaru vehicles. The WRX is excluded from the First-Time Buyer Program.
The limit applies to the amount financed for a purchase or the capitalized cost for a lease. Our finance team can explain how your vehicle selection, down payment, taxes, fees, and other transaction details affect that limit.
Applicable Subaru Motors Finance promotional financing may be available, subject to offer terms and eligibility. Our finance team can confirm which offers apply to your vehicle and application. The First-Time Buyer and Enhanced College Graduate Programs cannot be combined with each other.
No. All applications are subject to credit approval and verification by Subaru Motors Finance. Meeting the basic eligibility requirements does not guarantee approval or a particular rate, payment, or financing term.
Program Disclosures: Financing and leasing are provided through Subaru Motors Finance and are subject to credit approval by JPMorgan Chase Bank, N.A. Program eligibility, vehicle eligibility, rates, terms, down payment requirements, and availability are subject to applicable program rules and may change. Additional documentation and verification may be required. Payment-to-income, debt-to-income, and loan-to-value or lease advance limits apply. Maximum available terms are not guaranteed for every applicant or vehicle. The First-Time Buyer and Enhanced College Graduate Programs cannot be combined with each other. Contact Liberty Subaru for current details.
How Can We Help?
* Indicates a required field
-
Liberty Subaru
55 Kinderkamack Rd
Emerson, NJ 07630
- Sales: 201-261-0900
Loading Map...
