5 Things You Should Know About Subaru Car Finance
When it comes to car finance, Perth drivers often feel a little overwhelmed by their options. From high street banks to online brokers, you will find a broad range of car finance rates and packages. However, one of the simplest ways to purchase your new or pre-owned Subaru is by using Subaru car finance. Your local Subaru dealership will be able to offer you a finance solution tailored to your requirements at a competitive rate, but before you sign on the dotted line, there are five things you should know.
You’ll Need to Organise Your Financial Paperwork:
The first step towards arranging your car finance is to organise your financial information and paperwork. The financial information necessary for your Subaru application will depend on the type of finance deal and whether you’re a business or personal applicant. Generally, you will need to show your driver’s licence, your recent payslips, rent receipts and confirmation of your comprehensive insurance coverage. Arranging insurance coverage for a new vehicle can sometimes be a little tricky, but the Subaru sales team can also assist you with an insurance quote.
You Won’t Be Able to Change Payment Arrangements Later:
Once you agree your finance contract, you won’t be able to make changes to your payment schedule. Whether you want to change the date each payment is due or switch from monthly to fortnightly payments, once the contract has been accepted, the details are set. Therefore, it is important to consider your requirements before you sign. In some cases, it may be possible to make temporary changes to your payment schedule, but these will need to be arranged or agreed in advance.
You Can’t Use Your Credit Card to Make a Payment:
In most cases, your Subaru finance will need to be repaid with a direct debit or bank transfer. Subaru finance does not accept credit card payments for direct payments. If you are anticipating difficulty in making your payment on time, you should call the service centre to make alternate arrangements and avoid late charges.
Subaru Car Finance is Available for New and Used Vehicles:
Many people make the assumption that Subaru finance is only available for brand new models, but this is not the case. There are finance solutions for new and used vehicles up to twelve years old at the end of the loan term. For example, if your finance deal is for five years, the maximum age of vehicle would be seven years. In fact, many dealerships offer exclusive finance packages for ex-demo and quality pre-owned Subaru vehicles to make the sales deal even sweeter.
It Can Take A Day to Settle a Subaru Finance Agreement:
The specific settlement time does vary depending on the application, but generally, once your application has been approved, the contract will need approximately 24 hours to settle.
If you are in need of car finance, Perth drivers should speak to us. Here at Subaru Mandurah, we have an excellent selection of pre-owned, new and ex-demo vehicles with great car finance rates. Our sales team would be pleased to discuss your vehicle requirements and provide a competitive finance quote.