![]() ![]() The loan payoff date will be pushed back by the length of the deferment, and the skipped payments will be paid during that time. If you qualify for a loan deferment, you will be able to skip payments for the entire length of the deferment period without penalty. Loan Deferment FAQs What is a Subaru Loan Deferment?īefore you can decide if you want to take advantage of loan relief offered by Subaru, you need to know what a loan deferment is. Do you want to continue leasing your Subaru? You may qualify for a short-term or month-to-month lease extension plan. Contact your Subaru dealership to make arrangements for the drop-off of your Subaru. Have you leased your vehicle through Subaru Financial Services? As the end of your lease term approaches, you may be eager to surrender the vehicle and to cease making loan payments for the moment. One of the relief options is a loan deferment, which enables you to skip your next couple of payments without penalty. This means that you will need to contact the lender directly via the phone, website, or app to explore possibilities that you may qualify for. ![]() If you financed the purchase of your Subaru through Subaru Motors Finance, you might be relieved to learn that this lender is offering loan relief to its customers on a case-by-case basis. This loan relief may help you to protect your credit rating and make ends meet during this stressful period. Chase Auto finances many Subaru vehicles through its Subaru Motors Finance subsidiary and Chase has established loan relief options for its customers. If you are one of the many people who have been hard hit by the financial implications of the COVID-19 pandemic, you may be wondering how you will pay all of your bills over the next few weeks or months. If you are approved for relief, you will receive the details about the specific terms of the relief plan available to you.Contact Us for More Info Lenders and Auto Loan Relief Programs ![]() You will need to communicate directly with the lender to explore the financial options available. The borrower should request a loan deferment and other types of financial relief. How Do I Request a Subaru Loan Deferment? However, late payments and skipped payments outside of the approved deferment period could be detrimental to your credit rating. How Will a Subaru Loan Deferment Impact My Credit Score?Īs long as the lender has agreed to the loan deferment, your credit scores will not be negatively impacted by the deferred payments. Be aware that interest charges will still accrue during an approved deferment period. In addition, the loan’s term will be extended for several months by the length of the deferment period. Only payments during the approved deferment period may be missed, and these payments will be made up at the end of the loan. ![]() A deferment enables you to skip the next few payments without penalty. Many of our customers who are struggling financially may be offered a loan deferment through their lender. Loan Deferment FAQs What is a Subaru Loan Deferment? Whether you prefer to extend your lease for a short period or you want to finance a lease buyout by applying for a new loan, we are happy to help you explore the options that could be offered to you. End of Lease OptionsĪre you searching for financial relief or flexible end-of-lease options for your Subaru lease? Many of our customers take advantage of the convenience that a lease provides to transition seamlessly into their next lease on a new Subaru, but this is not ideal for all of our customers. One common type of relief that could be offered to you is a loan payment deferment. The lender will review your specific request and situation before determining if you qualify for loan relief and what type of loan relief it will offer. The loan relief offered by Subaru Motors Finance is available on a case-by-case basis. Your lender may offer short-term financial relief so that you can more easily get caught up on your payments. Many of our customers have financed their vehicles through Subaru Motors Finance, a subsidiary of Chase Auto. Whether your finances have been devastated by expensive medical bills, job loss, or other issues, we want to help you continue to make your auto loan payments and to remain in the Subaru that you love driving. Contact Us for More Info Lenders and Auto Loan Relief ProgramsĪt Farrish Subaru, we know that many of our customers are still dealing with the financial ramifications of the COVID-19 pandemic. ![]()
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