Which is the best finance charge?
When it comes to financing your new car, Subaru is the one to do it.
The automaker has released a set of terms and conditions to enable consumers to borrow a little more cash for a car that’s on sale.
Subaru’s finance charges are not cheap, but the company says it’s not too out of the ordinary.
You can buy a new car at a cost of around £27,000 with a finance charge of £1,000.
Subaru is offering a special finance charge for its ‘Super Duty’ models.
It will cost you £2,000 plus VAT and the car will be ready to go in six months.
The new finance charge allows you to pay off a car in two years at the rate of £27.99 per month.
Subaru says it has a ‘Super duty’ credit card and that it has ‘over 100,000 people signing up’ to receive this special finance.
What are the details of this finance charge and how much does it cost?
The finance charge you can choose is based on your credit score, but Subaru says this is not the only way to pay for a new vehicle.
The finance charges vary from country to country, but in the UK, for example, the finance charge is £1.50 per kilometre (km) for a basic car, £2.50 for a luxury car and £6.50 a luxury SUV.
You also have the option to add an extra £1 a month for a ‘special car loan’ to the finance charges.
How much is a ‘super duty’ car loan?
The finance charge will vary depending on the finance type, but it can be more than £1k.
The terms and condition also include the interest rate.
It’s worth noting that the finance charged is for the first 30 days of ownership, but there’s a grace period of one year after that.
If you do not take advantage of this grace period, the car you’re buying could be on the market in six to eight months.
How does Subaru deal with a ‘spare’ car?
If you don’t own the car, then you will need to buy the car in a spare.
The Subaru finance charge covers a minimum of two months worth of costs.
Subaru offers a ‘pre-purchase warranty’ for this loan.
You can only have two vehicles, so Subaru will only let you borrow one car.
Is there a limit to how much you can borrow?
Subaru says the finance rate for the Super Duty models is ‘very reasonable’.
You can borrow up to £1m in a ‘standard’ finance charge, and up to the same amount if you have an ‘extras’ finance account.
If you have a ‘subaru car loan’, you can also borrow up the equivalent of £500 for a Super Duty car, which is £10,000 for a standard car and up the maximum of £3,000 if you’re getting a special car loan.