There’s nothing more exciting than driving off the lot of Herb Gordon Subaru in a new Subaru car, but before you get to that point, you need to figure out a way to pay for it. While some drivers choose to pay upfront in cash or check, the majority choose to work with our Subaru finance center on an auto loan.
Whether you’re new to auto loans or a seasoned veteran, you likely have some questions about how the Subaru finance process works.
How Much Money Should I Put Down?
In order to secure an auto loan, you need to make what’s called a down payment. Finance experts recommend putting down a payment of 15 to 20 percent of the total purchase price to defray future costs and lower your overall car payments.
How Do I Budget for an Auto Loan?
Before taking out an auto loan, it is highly recommended that you make sure it fits into your budget. You can utilize our handy car payment calculator on our website to get an idea of how much you can expect to pay every month. To use it, simply input the price, the down payment, the APR, and the loan term, and the tool will tell you the estimated monthly payment.
I Have Bad Credit. Can I Get a Loan?
While drivers with bad credit may find that they have trouble obtaining an auto loan with certain lenders, that is not the case at our finance center. Our professionals work with everybody, regardless of their financial or credit status, in order to secure them a loan that works for them.
To more about the ins and outs of Subaru finance, talk to our professionals at Herb Gordon Subaru.
