- The Subaru New College Grad program helps future and recent college graduates with employment or proof of future employment to buy or lease their very own Subaru.
Program Requirements
Vehicle Eligibility
- All New and Used (up to three model years old) Subaru vehicles and all Certified Pre-Owned (CPO) Subaru vehicles, regardless of age, are eligible. All New Subaru vehicles are eligible for lease.
Customer Eligibility
- Applicant who will be graduating within six months or who has graduated up to 36 months from date of application with an associate, bachelor's, or master's degree from an accredited 2- or 4-year U.S. college, graduate school (including doctorate) or nursing school. Applicant must provide proof of graduation: For the student who will be graduating within the next six months, either 1) a letter from the registrar's office stating graduation date and type of degree or 2) copy of transcript that states current classes, credits earned, and credits needed for degree.
- For the applicant who has graduated within 36 months from date of application: a copy of the diploma confirming graduation date or copy of final transcript that states type of degree and date earned. No derogatory credit history, past or present.
- For joint applications, both applicants must meet all program eligibility requirements.
- Program eligibility is subject to Subaru Motors Finance's (SMF's) review of all documentation and verification before funding; additional documentation may be required.
- Payment-to-income cannot exceed 15% of gross monthly income.
- No derogatory credit history, past or present. No bankruptcies, foreclosures, or repossessions on any credit bureau report pulled by JPMorgan Chase.
- Applicant must have proof of employment and income. If employment has not yet started, a letter from the future employer that shows a start date within 90 days of current date and salary is required, along with verbal verification from current or future employer.
- Maximum term is 72 months.
- Maximum Amount Financed or Maximum Capitalized Cost is $35,000.
