Buying a vehicle for the first time is a major milestone, but building auto credit with no prior loan history can feel like a hurdle. At Byers Subaru Dublin, we support the Subaru First Time Buyer Program offered through Subaru Motors Finance (SMF). Designed specifically for new-to-credit buyers with limited credit experience and no previous auto credit, this program simplifies loan origination so you can step into a quality Subaru with confidence.
Customer Qualification Requirements
To ensure accessibility while upholding sound credit standards, the Subaru First Time Buyer Program provides clear eligibility parameters:
No Prior Auto Credit
Applicants must have no prior or current vehicle credit history on record.
Clean Credit Standing
Applicants cannot have any past or present derogatory or delinquent credit marks.
Down Payment
A minimum customer down payment of $1,000 or more is required (excludes rebates and incentives).
Proof of Income
Applicants must provide valid proof of income during the application process.
Vehicle Eligibility & Program Parameters
Whether you're shopping for a new Subaru or exploring our pre-owned inventory, the First Time Buyer Program covers both financing and leasing options across a broad lineup:
| Program Feature |
Financing (Loan) Terms |
Leasing Terms |
| Eligible Vehicles |
All New, Certified Pre-Owned (CPO), and Used Subaru vehicles up to 12 model years old (excludes WRX). |
New Subaru vehicles only (excludes WRX). |
| Maximum Term |
Up to 72 months. |
Up to 48 months. |
| Maximum LTV |
110% Loan-to-Value. |
100% Loan-to-Value. |
| Max Amount Financed / Cap Cost |
$40,000 maximum amount financed or capitalized cost. |
| Income & Debt Ratios |
Maximum Payment-to-Income (PTI) of 15%; Maximum Debt-to-Income (DTI) up to 50% based on credit approval. |
Important Program Guidelines: Standard rates apply to all program approvals. The First Time Buyer Program cannot be combined with other SMF promotional offers or payment deferment programs. All applications are subject to credit approval by JPMorgan Chase Bank, N.A. through Subaru Motors Finance.
Start Your Journey at Byers Subaru Dublin
Our dedicated finance team is ready to walk you through every step of purchasing your first Subaru.
