Compare Subaru car loans and financing options

There’s a reason Subaru has such loyal followers. The Japanese manufacturer has a good reputation for its reliability and performance as well as its all-wheel-drive vehicles. 

If you're in the market for a new Subaru, it may be time to think about what financing options might be available to you.

Subaru offers a wide range of vehicles, including SUVs, hatchbacks, sedans and performance models. It's a popular brand amongst buyers who are drawn to its signature drive train engine, all-wheel capabilities and affordable sports car range.

Subaru has a competitive selection of affordable to mid-range priced cars that would suit most budgets for new or used cars. Aussie buyers can choose from a range of city-friendly Subaru models, such as the Impreza, through to its all-wheel Outback made for weekend living.

Popular models include:

• Impreza (from $26,640) - a sedan or hatchback ideal for city living
• XV (from $34,009) - a compact SUV built for city streets or the outdoors
• Forester (from $39,838) - a small SUV made with the family in mind
• Liberty (from $42,672) - a medium-sized sedan with an extensive suite of driver-aid tech
• Outback (from $44,782) - an SUV built for everyday adventures with high-tech safety features
• WRX (from $45,648) - a turbocharged performance vehicle with all-wheel drive

Subaru currently has over 115 vehicle sales dealerships across the country. Subaru Australia made exclusively all-wheel-drive makes from 1998, but now include a rear-wheel drive make.

Vehicle information and pricing last updated in February 2019

If you’re looking for car loan financing for a new or used Subaru, there are a few options. Firstly, however, you should keep in mind that the most suitable Subaru car loan option for someone else may not be what’s best for you. Assess your financial situation and budget before taking out any car loan to ensure you can make any loan repayments and manage potential fees.

Your local Subaru dealer will have an in-house finance offering to help you organise a car loan. However, be mindful of higher than average interest rates and fees that often come with this option.

Other finance options include:

• Financial comparison websites – Filter through competitive rate car loan options and explore features and fees at RateCity to minimise the hassle of shopping around.
• Car finance broker –Car loan brokers can take the guesswork out of finding the most suitable secured or unsecured new or used car loan.
• Direct-to-lender – This simply means applying directly with an Australian car loan lender, such as a bank or credit union.

Interest rate - It's not a bad idea to begin your car loan search by comparing interest rates on different loan products, but be sure to also factor in fees for a more comprehensive understanding of the overall cost of the loan.

Comparison rate - Consider also taking note of a loan's comparison rate, as it represents the interest rate plus any main fees.

Fixed rate vs variable rate - The interest rate on a fixed rate car loan can provide certainty, as it will remain the same throughout the duration of the loan. In contrast, variable rates can fluctuate with the market, which will need to be factored into your budget.

Loan term - A longer loan term will generally mean lower monthly repayments than a shorter term, but more money spent on interest charges over the life of the loan. Keep this in mind when deciding what's right for you.

Fees - Some of the various fees you may be charged include application fees, establishment fees, extra repayment fees, early repayment fees and other ongoing fees.

Features - It's important to check if the loan product you're considering offers the features you are looking for. You may want the flexibility to make extra repayments when you have some cash spare, so if this is important to you, be sure to choose a loan that offers unlimited extra repayments.

If you know which Subaru model you want to buy, it's likely you'll have an idea of how much it might cost you. Next, it's time to consider finance costs. 

You might like to consider using RateCity's car loan calculator to get a repayment estimate, and determine whether it will fit comfortably within your budget. The calculator can tell how how much your repayments might be, depending on your preferred loan amount, interest rate, loan term and credit score. It can also calculate the total interest payable over the life of the loan, as well as the total cost of the loan.

Before you submit a car loan application for your new car, it's important to check the eligibility criteria and read the product disclosure statement of your preferred loan product including any disclaimers that may be listed.