Who Qualifies for Subaru Lease Offers?

September 10th, 2022 by

When you are in the market for a new car, eligibility is something all drivers consider. When you are looking at lease offers such as Subaru Forester offers, you want to make sure you are eligible for them before wasting your time at the dealership. However, there are plenty of ways to find out whether or not you qualify, and us here at Serra Subaru Champaign are ready to help you figure it out!  

What Is a Lease Offer?

Lease offers work similarly to financing a vehicle. A lot depends on your credit score, how much you are putting down, whether or not you have a trade-in vehicle and plenty more.

How High Should My Credit Score Be?

Before heading to our dealership, you should check your credit score to see how high or low it is.  A credit score in the 700s or higher is quite good, but you can still qualify for lease offers if it is lower. However, you may need to consider a few other lease tricks. A lease is basically an agreement to pay to use a vehicle for a set period of time and return it in good condition.  

What Will My Monthly Payments Look Like?

Leases do not require a down payment, but they do tend to have security deposits on top of regular monthly payments. Your credit score helps determine how long you can lease a vehicle and what your monthly payments may look like.

However, if you have bad credit, you can have a cosigner on your lease. This is someone who typically has better credit who agrees to take over responsibility for the vehicle should you stop paying the lease.  

Here at Serra Subaru Champaign, we want you to have the best possible lease deal you can get. Stop by our dealership today to learn more about our leasing specials and how we can get you inside of a Subaru Forester today.  

Posted in Finance