Your First Journey Deserves a Subaru
Welcome to the Subaru First-Time Buyer Program at Modesto Subaru. No automotive credit history? No problem. We’re here to help you get behind the wheel of a safe, reliable Subaru with clear terms and zero stress.
Why Choose the First-Time Buyer Program?
Building credit and buying a vehicle at the same time can feel like a lot to handle. That’s why Subaru Motors Finance designed this program specifically for drivers just starting out.
We’ve streamlined the entire application process. Our system automatically checks your eligibility so you don’t have to jump through extra hoops or guess which program fits you best. We focus on your potential, not your past, giving you a clear path to vehicle ownership.
Program Highlights & Flexibility
Whether you want to buy a vehicle to keep for the long haul or lease a brand-new model to drive for a few years, we offer incredibly flexible paths to fit your lifestyle and monthly budget.
| Features | Loan Options (Financing to Own) | Lease Options (Driving New) |
|---|---|---|
| Eligible Vehicles | All New, Certified Pre-Owned (CPO), and Used Subaru models up to 12 model years old (excludes WRX). | Brand-New Subaru models (excludes WRX). |
| Maximum Terms | Up to 72 months | Up to 48 months |
| Financing Limits (LTV) | Up to 110% Loan-to-Value | Up to 100% Loan-to-Value |
| Maximum Cap | Up to $40,000 maximum amount financed. | Up to $40,000 maximum capitalized cost. |
Simple Eligibility Guidelines
To ensure your first automotive investment sets you up for long-term financial success, the program relies on a few straightforward criteria:
- Credit Baseline: Designed specifically for applicants with no prior or current automotive credit history. Credit files must be free of past or present derogatory or delinquent credit items.
- Your Investment: A minimum customer down payment of $1,000 or more is required to kickstart your equity (excludes manufacturer rebates and incentives).
- Verifiable Income: You’ll just need to provide a valid, verifiable proof of income to show you're ready for the road ahead.
- Budget Alignment: To ensure payment comfort, the maximum approved monthly payment-to-income (PTI) ratio is 15%, with a total debt-to-income (DTI) cap of up to 50% based on final credit approval.
Step-by-Step Guide to Your First Subaru
- Explore Our Inventory: Check out our eligible new, used, and Certified Pre-Owned Subaru cars and SUVs online.
- Gather Your Documents: Prep your valid proof of income (like recent paystubs) and your $1,000 down payment.
- Connect with Our Team: Our dedicated Finance Department works hand-in-hand with Subaru Motors Finance underwriters to secure your quick approval.
- Drive Home Happy: Sign your paperwork, grab your keys, and head out on your first official Subaru adventure!