The Best Subaru Deals For May-Buying Tips That Could Save You Money
The global COVID-19 health pandemic has affected everyone and automakers are offering deals for car shoppers that could make this the best time to buy a new car. Subaru has extended its no-interest financing for 63 months now through June 1 on 2020 Subaru Forester, Outback, Ascent, Impreza and Legacy models. If you are in a position to purchase a new all-wheel-drive vehicle here is what the Japanese automaker is offering customers now.
If you are leasing and not financing, Subaru is also offering incentives for buyers. The best lease deal is on 2020 Outback wagon models at $249 per month. This is on base models only. 2020 Subaru Crosstrek subcompact models can be leased from $269 per month, 2020 Forester compact SUV $265/month, and 2020 Ascent family hauler $305/month. These deals are for the Denver, Colorado area. Subaru may offer different incentives in other regions.
2020 Subaru Outback wagon
You can also lease a new Subaru model and 2020 Impreza compact sedan and 5-Door hatchback models can be leased from $189 per month. Subaru is offering a Sign and Drive deal on Impreza models where you can lease a new sedan ($249/month) or hatchback model for $259/month with $0 due at lease signing and $0 security deposit (base models only).
What is the Subaru Lease Loyalty Program?
Subaru models also qualify for the brand’s Lease Loyalty Program. If you are currently leasing a Subaru vehicle, the automaker will make the first monthly payment on your behalf, not to exceed $500, on your next Subaru lease through Subaru Motors Finance, and pay any disposition fee owed on your current leased Subaru.
2020 Subaru Forester compact SUV
Why doesn’t Subaru offer 0.0 percent financing longer than 63 months?
In a recent interview, President and CEO of Subaru of America Tom Doll says they look out for the customer now because they will see them in 4 or 5 years when they return to trade the vehicle in. He says if they offer longer deals like some automakers, going beyond 63 months it’s not good for the customer. “When they return we want to make sure they have equity in their trade. We don’t want them to owe more than the car is worth, or their payments will be too high.”
Subaru buying tips
Subaru dealers cannot advertise prices below the invoice due to strict advertising rules with Subaru of America. If you are a negotiator, you could get better than advertised pricing. We know of one reader who told us he bought a 2020 Subaru Outback in April and received a separate rebate/discount from Subaru that took an additional $1,000 off the price of the car. In addition to the extra incentive discount, he was able to get the dealer to throw in some accessories at no charge: body side molding, air deflector, cargo net, and 2 bottles of touch up paint. You could get additional accessories for free if you ask.
In addition to the no-interest financing for 63 months, you should also ask the dealer about Subaru’s deferred payments for up to 90 days on 2020 Subaru Outback, Forester, Ascent, Impreza and Legacy models.
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Denis Flierl has invested over 30 years in the automotive industry in a variety of roles. All of his reports are archived on our Subaru page. Follow Denis on Facebook, Twitter, Instagram, Subaru Report. Check back tomorrow for more Subaru news and updates at Torque News!
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Photo credit: Subaru USA