The Subaru College Grad Program can be a great way to save money when purchasing a new vehicle. Huffines Subaru Corinth provides an easy-to-follow process for enrolling in the program for anyone who has recently graduated from college or who anticipates graduating within the next six months. Here's some more information about the qualifications for eligibility, product parameters, and pricing for the program.

Qualifications for Eligibility

For the Vehicle

The Subaru College Grad Program applies to any new Subaru model at participating dealerships. This means that you can choose any new Subaru vehicle that's for sale, including models that are currently being used for demos. There are many types of Subaru vehicles, such as SUVs, crossovers, and sedans. If you typically drive on your own and prefer a more compact vehicle, you might prefer a sedan or coupe, while a crossover or SUV may be better if you frequently carry passengers or cargo.

Here are some examples of the Subaru models you can purchase under the college grad program:

  • Subaru Legacy.

  • Subaru Impreza.

  • Subaru WRX.

  • Subaru BRZ.

  • Subaru Outback.

  • Subaru Forester.

  • Subaru Crosstrek.

Vehicle Eligibility
  • New Subaru models only, including demos

For the Customer

There are a few requirements to fulfill before you can apply for the Subaru College Grad Program. The first is that you must be a college graduate whose graduation date falls within the last three years, or 36 months. You can also apply if you're currently in college and plan to graduate within six months. Candidates currently enrolled or recently graduated from almost any type of college degree program can apply, including associate degrees, bachelor's degrees, and master's degrees.

Since the graduation requirement is one of the most important qualifications to fulfill, you also need to submit proof of your graduation. If you're currently a student who plans to graduate within the next six months, this can be a letter from your school's registrar's office that verifies your graduation date and the degree you plan to receive. You can also use a copy of your final transcript, as long as it includes your graduation date and the type of degree. If you graduated within the last three years, you can submit your diploma as your proof of graduation.

Another key requirement for this program is employment or income, as candidates need to submit proof of both to qualify. You can submit a letter from a future employer if you're starting a new job within 90 days. Candidates also need proof that they have no negative credit history in the past or present. Some drivers might want to submit a joint application, like if you're purchasing a car with your partner or sibling. In these cases, both candidates have to submit the necessary proof of graduation, employment, income, and credit history.

Customer Eligibility

  • Applicant who will be graduating within 6 months or who has graduated up to 36 months from date of application with a bachelor's, master's or associate 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 6 months, either: 
                    1) a letter from the registrar's office stating graduation date and type of degree or 
                    2) a copy of final transcript that states type of degree and date earned
 

                For the applicant who has graduated within 36 months from date of application: 
                    1a diploma

Employment/Income

  • 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 the current date and salary is required, along with verbal verification from current or future employer.

Eligible Product Parameters

In order to take advantage of this outstanding program, you first have to make sure the vehicle you want to purchase meets all the necessary parameters. The first parameter to consider is whether the vehicle you're considering is new, as many dealerships also sell and lease used cars. Since the program only applies to new vehicles, make sure that you're looking at a purchase plan or lease for a brand new car before finishing your application.

The next parameter to consider is the term of the contract you want to sign. As you can typically lease or purchase a vehicle with a payment plan that spreads the total cost over a set number of months in installments, it can be beneficial to make sure that your contract aligns with the requirements of the college grad program. These requirements are a 72-month maximum for retail contracts and a 48-month maximum on leases, meaning you can use the college grad program for a payment plan that lasts six years for a purchase or four years for a lease.

Another parameter for this program is the advance that the dealership can provide. This program has a maximum advance of 115% of the invoice total on retail purchases. For leases, the maximum advance of invoices is 100%. It's also key to consider the LTV, as the maximum booked LTV with aftermarket for this program is 125% of the invoice for retail purchase or 100% of the MSRP for a lease. There are also maximums on the amount of money that you can finance or the capitalized cost, both of which are capped at $25,000.


Product Parameters

  • New Retail and Lease only
  • Maximum Term: 72 months on Retail and 48 months on Lease
  • Maximum Advance: 115% of invoice on Retail and 100% on Lease
  • Maximum booked LTV with aftermarket cannot exceed 125% of invoice for retail or 100% of MSRP for lease
  • Maximum Amount Financed or Maximum Capitalized Cost is $25,000


Pricing

When purchasing a vehicle through the Subaru College Grad Program, standard rates apply for submitting your application and reviewing costs. Participation in the college grad program can also vary across retailers, so it's important to reach out to your dealership before submitting an application or an inquiry about a particular vehicle. You can also review the applicable product reference sheet or program sheet to determine whether a retailer takes part in the program.

There are also various other Subaru Motors Finance Manufacturer special programs that you can use to save even more money. If you want to participate in the Subaru College Grad Program, you can pair the deal you receive with any other applicable special offers you want to use. The exact offers that are available can vary depending on factors like inventory availability, the popularity of the deal, and the time of year. Because of this, it's helpful to review which special offers are active to see how you can get the best deal for your new car.

You can find the right Subaru for your driving needs at Huffines Subaru Corinth and apply to the college grad program to enjoy the benefits that the Subaru College Program has to offer. You can also share this opportunity with your friends, your family members, and anyone else you know who is or will be a recent college graduate. If you have more questions about the program, specific Subaru models, or the process of purchasing a new vehicle, contact us for more information.

Pricing

  • Standard rates apply. Retailer participation is allowed according to the applicable Product Reference Sheet or program sheet.

  • May be used with applicable Subaru Motors Finance Manufacturer special programs. See current program sheet for details and markup guidelines.


1 The College Grad Program cannot be used in conjunction with the Mobility Equipped Program. Not available on contracts submitted to Chase Custom Finance.
Note: All applications subject to credit approval by JPMorgan Chase Bank, N.A. through Subaru Motors Finance (SMF) and programs may change at any time. Not all programs available in all states.


Questions About the Program?

Huffines Subaru Corinth

6930 South Interstate 35E
Directions Corinth, TX 76210

  • Sales: 940-497-3700
  • New: 888-706-8933

Hours

  • Monday 8:30am - 8:00pm
  • Tuesday 8:30am - 8:00pm
  • Wednesday 8:30am - 8:00pm
  • Thursday 8:30am - 8:00pm
  • Friday 8:30am - 8:00pm
  • Saturday 8:30am - 8:00pm
  • Sunday Closed
  1. Huffines Subaru Corinth

    6930 South Interstate 35E
    Corinth, TX 76210

    • Sales: 940-497-3700
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