College Grad Program
Program Requirements
Vehicle Eligibility
- New Subaru models only, including demos
Customer Eligibility
- Applicant who will be graduating within 6 months or who has graduated up to 24 months from the date of application with a bachelor's, master's or associate degree from an accredited 2- or 4-year U.S. college, graduate school (including Doctorate) or nursing school. Applicant must provide proof of graduation:
o For the student who will be graduating within the next 6 months, either 1) a letter from the registrar's office stating graduation date and type of degree or 2) a copy of final transcript that states type of degree and date earned.
o For the applicant who has graduated within 24 months from date of application: a diploma
- No derogatory credit history, past or present.
- For joint applications, both applicants must met all program eligibility requirements.
- Program eligibility is subject to Subaru Motor Finance's review of documentation and verification before funding; additional documentation may be required.
Employment/Income
- Applicant must have proof of employment and income. If employment has not yet started, a letter from the future employer that shows a start date within 90 days of the current date and salary is required, along with verbal verification from current or future employer.
Product Parameters
- New retail and Lease only
- Maximum Term: 72 months on Retail and 48 months on Lease
- Maximum Advance: 115% invoice on Retail and 100% on Lease
- Maximum booked LTV with aftermarket cannot exceed 125% of invoice for retail or 100% MSRP for lease.
- Maximum Amount Financed or Maximum Capitalized Cost is $25,000
Pricing
- Standard rates apply. Retailer participation is allowed according to the applicable Product Reference Sheet or program sheet.
- May be used with applicable Subaru Motors Finance Manufacturer special programs. See current program sheet for details and markup guidelines.
