Subaru financing and insurance

For questions about automotive financing and replacement warranty from Group PPP.

Contact Nathalie Benjamin at 450.658.1000 ext 4, or toll free 1.866.658.1001 ext 4.
You can also use our contact form.

You can also fill out the online Subaru CAR.net credit application form

Subaru Credit Application

It is better to be honest about your financial situation. We are all winners in time and we can qualify the financial institution that best meets your needs.

We can transfer a credit application accepted at another merchant.

The interest rate

The interest rate is calculated based on your financial situation, your credit record and the amount requested for the purchase of your Subaru.

What can be financed?

When buying a Subaru, you can finance:

• The additional Subaru warranty
• The Subaru replacement warranty
• Life insurance and disability insurance for the loan of your new Subaru
• The Subaru security gap
• All additional equipment: trailer hitch, hood deflector, winter tires, summer tires and steel rims, alloy wheels, remote starter, tinted windows, paint treatment, material treatment, mp3 plug, roof bar, block heater…

Advantages of auto loan versus line of credit

(Information provided by Canada Trust)

• The minimum monthly payment required for a line of credit is to pay only interest. The capital is not decreasing.
• A credit line may be “recalled” for a full refund or credit limit reduced.
• In the event of late payment, the debtor’s assets can be seized or the lender may obtain judgments against the individual.
• The line of credit must be repaid if the property is sold.
• A credit line should be used for emergencies, contingencies, such as a job loss, illness, etc.
• Financial institutions lend when everything goes well. Otherwise, they do not lend.
• If your line of credit is used to finance goods, luxury items, travel, it will reduce the funds available in case of problems.
• Most people with a line of credit finance by their property, are not subject to repay the capital as soon as a car loan with fixed payment.

How to improve your credit score?

• Prompt payment.
  • Do not make any NSF (not sufficient fund).
  • Set all accounts under the terms set by suppliers (energy, telephone, cellular, rent) since all the delays appear at the credit bureau.
  • Do not accuse late credit card payments and always pay the minimum required.
  • Fluctuation on your credit line.
• Steady job
  • Have a stable job (complete information on the jobs of the past three years is required of funding).
• Permanence of residence.
  • Avoid frequent moves (full addresses of residence for the last three years are required for funding).
• Dept ratio
  • Maintain preferably your debt ratio below 35%.

Remember that financial institutions appreciate a customer who demonstrated job stability and prompt payments.

Credit Bureau

With the credit bureau, financial institutions have the accurate picture of your personal situation as each event is recorded:

• The number of NSF checks
• The number of applications for funding in recent months.
• Late payments
• All of your loans, credit line, credit cards, etc.
• The “buy now and pay later” you subscribe

Requirements to access financing

Be 18 years or older, have a bond or a guarantor (ex: parents).

Frequently requested documents in a credit application for your Subaru.

• Proof of recent income, pay stub and/or endorser
• Verbal verification of employment by the financial institution
• If drug addiction treatment centers have all the papers
• Last two consecutive pay stubs required
• Self-employed: Notice of Assessment from the previous year and bank the last 6 months
• Liberated from bankruptcy with supporting documentation
• Driver’s license with valid address
• Social Insurance Number (facilitates the work of the approver)

Our financial partners Subaru and insurance:

• Desjardins
• Scotiabank
• BMO Bank of Montreal
• Advantage Scotia
• VFC
• Groupe PPP
• The Capitale

Contact Nathalie Benjamin at 450.658.1000 ext 4, or toll free 1.866.658.1001 ext 4.
You can also use our contact form.

Check out our Subaru for sale and check out our Subaru Promotions

This information is for guidance, to the best of our knowledge when writing. They can change at any time and do not bind the company or its representatives.

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