Considering a vehicle purchase in the near future? To make your shopping and financing experience an easier one, check out these tips. And don’t hesitate to call our finance team at CARR Subaru in Beaverton, Oregon — we’ll be happy to answer any questions you might have.

Know your budget

Before you start shopping, run the numbers to determine how much vehicle you can afford. Knowing the maximum down payment and monthly car payment your budget can handle is the most important part, but it’s also a good idea to look at total costs, including loan interest, car insurance, gas, and maintenance.

Find out your credit score

Your credit history and credit score help to determine your chances of getting favorable loan terms — a higher score will help you pay lower interest rates. Request a free credit report to find out where you stand. Over time, you can build up your credit by making on-time bill payments, paying down credit card and loan balances, and showing that you’re a trusted borrower. However, even if you have poor credit, you’ll find great financing options for popular models like the Crosstrek and Forester at CARR Subaru!

Get preapproved

Getting preapproved for an auto loan is a good way to learn about the terms you can expect and find out how much you’ll be allowed to borrow. That way, you’ll be prepared when you come to CARR Subaru to find an Impreza, Outback, or other model! Fill out our loan preapproval form to learn more.

Learn about leasing vs. buying

Buying a vehicle is simple — you choose your vehicle, cover the cost with a down payment and a loan, make monthly payments, and take full ownership when it’s paid off. However, you can also opt for a lease. When you lease a vehicle, you pay to use a vehicle for a set length of time. Your monthly lease payment covers use of the vehicle, depreciation, and financing charges. When the lease is up, you simply turn in the vehicle. Leasing might be a good option for you if you don’t want to commit to long-term vehicle ownership or if you always want access to the newest vehicle features.

Prioritize your vehicle wants and needs

As you consider which vehicle to buy, prioritizing your needs and wants can help. For example, do you need to fit a certain number of passengers? Get eco-friendly gas mileage? Enjoy a more comfortable commute? Understanding exactly what you’re looking for in a vehicle — and what you don’t care about as much — will help you navigate your options more effectively.

Consider new vs. used benefits

As you prepare for your next vehicle purchase, think about whether a new or used model makes the most sense for your needs and budget. Typically, used vehicles cost less than new ones — allowing you to simply spend less, or to get more features and a higher trim level for your money. But whether you choose a used or new Subaru, you can buy with confidence thanks to the brand’s reputation for long-lasting, reliable vehicles.

Research prices and reviews

If you have a good idea of the vehicle you want, it’s helpful to research pricing and reviews before you visit the dealership. This will help you be more prepared when you visit the dealership to test-drive a vehicle and negotiate financing. Here at CARR Subaru, we list our entire new and used inventory online, making it especially easy for you to look up prices, vehicle information, and more!

Whenever you’re ready to find your next ride, our CARR Subaru finance team is here to help. Before you know it, you’ll be driving home behind the wheel of a high-quality Subaru car or SUV!