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I believe that I saw it somewhere a few days ago, maybe on this forum. Maybe $500?
Is there Subaru incentive for new Subaru car owner? If yes, how to claim it?
I have not received the car (technically, I have not bought the car), and will not receive it till August/September. I just made the deposit for reservation order.
But I would like to know if there is any incentive for first time Subaru car owner, thanks.
I think you are talking about the Lease Loyalty Program
Quote:
If you're leasing your current Subaru through Subaru Motors Finance, you may also qualify for the Subaru of America Lease Loyalty Program. Under the Lease Loyalty Program, Subaru will make the first monthly payment on your behalf — not to exceed $500 — on your next Subaru lease through Subaru Motors Finance and pay any disposition fee owed on your current leased Subaru. Offer subject to program rules and customer eligibility requirements. Ask your Subaru retailer for Lease Loyalty Program details.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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I see that they are offering 0.9% on leftover 2021s and 1.9% on some of the new 2022s. I'm a little surprised because the dealer where we bought our 2020 Outback (0%) has only a few new cars due to the shortage. I have not seen any kind of cash incentive.
I see that they are offering 0.9% on leftover 2021s and 1.9% on some of the new 2022s. I'm a little surprised because the dealer where we bought our 2020 Outback (0%) has only a few new cars due to the shortage. I have not seen any kind of cash incentive.
After doing a little search, yes it is possible to have 0% interest loan, but nothing is free, dealer will make up money from other cost category.
For me, impossible to get 0% interest loan, price is already low with Costco auto program and I have less than $300 add-on
Your little thumbnail article says "Payments Can Still Be High". I guess a lot of people don't understand how to calculate the cost of interest. A $30,000 loan for 5 years with no interest is $500 per month. At a 2% annual rate it is $526, or a total of $1550 in interest over the life of the loan. So if you can figure out an add-on for $1550 you made back the 5 years of lost interest payments.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,585 posts, read 81,243,006 times
Reputation: 57825
Quote:
Originally Posted by Baike
How does it make sense for Chase? 0%? And giving you another $500? Chase did not make a penny and give you another $500?
I asked the dealer that question, and assuming an accurate answer, they negotiated a low interest rate with Chase, paid up front by Subaru in lieu of the interest the buyer would be paying. The lack of interest is the incentive "discount" and is costing Subaru, so getting anything else off the sticker price would be difficult.
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