How to Finance Your First Subaru

How to Finance Your First Subaru

Learn More About Financing with Reedman-Toll Subaru!

Shopping for your first Subaru is an exciting time! You are looking at a brand with a long history of reliability and all-terrain prowess that will not disappoint. While deciding how to pay for a new car can be intimidating, you have options. Here at Reedman-Toll Subaru, our skilled financing professionals will work tirelessly to help get you a great rate on your next new or used car loan, whether you choose to finance or lease. Continue reading below to learn more about auto financing with Reedman-Toll Subaru!

What is a car loan?

If you don't have the spare cash to purchase a car outright, a car loan can help you buy it, no matter if the vehicle is new or used. When you get an auto loan, you borrow money from a financial institution and agree to pay it back over a set period of time. Before applying for financing, you should look at your current monthly finances to determine how much you can afford to pay monthly and decide how much you can use for a down payment. While Reedman-Toll Subaru will be glad to work with drivers with little credit history, if you're unsure if you'll get approved due to your credit, you can consider getting a co-signer which will guarantee that the loan will get paid each month even if you can't make the payments.

What is a lease?

Leasing a car is similar to financing. However, instead of borrowing money to purchase a vehicle, you're borrowing the car and paying for it each month. It is essentially a long-term rental. Leasing a new Subaru from Reedman-Toll Subaru allows you to get into a brand new car that you otherwise might not be able to at a more affordable price. The down payment and monthly payment for a leased vehicle are typically lower than those of a financed vehicle. This is because instead of paying for the total cost of the car, you're paying for its value. Leases typically last between two and four years and come with a per-year mileage limit. Subaru offers flexibility when it comes to mileage limits. The limits usually range from 10,000, 12,000, or 15,000 miles per year, but this number can be customized up to 30,000 miles per year, depending on your specific needs.

Why finance with Reedman-Toll Auto

Here at Reedman-Toll Subaru, we strive to provide an easy car-buying experience for each of our customers. When you finance your next new or used car with Reedman-Toll Subaru, you will have a financing expert working with you every step of the way to help get you the best loan. You can use our secure online financing application right here on our website. You'll be asked to provide some information there, and you can see how much you can get approved for. If you prefer, come down to the dealership, where a financing team member will be happy to walk you through the entire process to ensure you get the best financing option. Additionally, when you shop Reedman-Toll Subaru, you have access to a wide selection of new and used Subaru's to choose from, making it easy to find the right vehicle for you and your lifestyle.

Get auto financing in Langhorne, PA!

Oftentimes, buying a car is the second-largest purchase of a person's life, just behind a house. Knowing that can cause some stress. However, the expert financing team here at Reedman-Toll Subaru is here to help you confidently get the loan that works perfectly for you. So come visit us at our convenient location at 1700 E Lincoln Highway in Langhorne, PA, to get financing for your first Subaru. We look forward to working with you!

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