Learn how Schomp is Addressing COVID-19 by taking safety precautions and offering No-Contact solutions.

deferred-payments | Schomp Subaru

No Payments for 90 Days

Schomp Subaru is here to help during these stressful and unpredictable times. With the immediate economic effects of the COVID-19 outbreak unknown and an uncertain future, we're offering 90 days with no payments.

Applicant Qualification

Effective Date: February 1, 2017. With the Deferment Program, your customers can defer their first payment for up to 90 days from the contract date on retail contracts submitted to Subaru Motors Finance (SMF).

A Fico score of 700 or higher is required for all applicants. Business borrowers must have an individual as a co-borrower. Standard credit criteria apply. Minimum 5-year credit bureau histor with (5) satisfactory trade lines

Program Requirements

New and current. Program is for standard retail and subvented Low Rate Program contracts only. Lease agreements are not eligible. Total amount financed, including tax, title and license (TT&L) and all aftermarket products limited to 50,000. Maximum term is 60 months

Applicant Qualifications
 A FICO score of 700 or higher is required for all applicants.
 Business borrowers must have an individual as a co-borrower.
 Standard credit criteria apply.
 Minimum 5-year credit bureau history with five (5) satisfactory trade lines.
 Bureau history must be free of any repossession, bankruptcies or foreclosures.
Program Requirements
 New and current year used vehicles are eligible.
 Program is for standard retail and subvented Low Rate Program contracts only.
 Lease agreements are not eligible.
 Total amount financed, including tax, title and license (TT&L) and all aftermarket products, is
limited to $50,000.
o See your current Product Reference Sheet for more information.
 Amount financed can’t exceed 75% of applicant’s gross annual income.
 Maximum term is 60 months.
Additional Information
 State standard and subvented Low Rate Program APR rates apply. The rate will be reflected
in your approval notice.
 The customer’s monthly payment must be calculated using the actual days to first payment.
 Avoid funding delays: Before submitting a contract, use the Comments to Analyst function on
Dealertrack®1 or RouteOne®2 to let an underwriter know that you’re submitting the contract
with the deferred payment option.
 This program can’t be used with any other special programs.
 This program isn’t available in Pennsylvania.
 All standard Indiana and Ohio retail contracts must disclose the Loan Origination Fee
(LOF). The LOF does not apply to retail contracts with subvented Low Rate Program rates.
 Some GAP products can’t be sold on the Deferment Program since they don’t all cover
losses on contracts with a deferred first payment. Check the terms of all GAP products to
confirm coverage and if unequal or irregular first payments are covered.

Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact
Contact Us ×

720.730.8950

Call Now

580 S. Havana Street • Aurora, CO 80012

Get Directions

Today's Hours:

Open Today! Sales: 10am-7pm

Open Today! Service: 8am-6pm

Open Today! Parts: 8am-6pm

Schomp Subaru

580 S. Havana Street Aurora, CO

Phone: 720.730.8950

http://maps.google.com/?q=508%C2%A0S.%C2%A0Havana%C2%A0Street%2C%20Aurora%2C%20CO%20%C2%A080012

Parts

Phone: 720.815.4202

580 S. Havana Street Aurora, CO

Mobile Parts

Phone: 720.815.4202

580 S. Havana Street Aurora, CO

Sales

Phone: 720.809.8868

580 S. Havana Street Aurora, CO

Mobile Sales

Phone: 720.809.8868

580 S. Havana Street Aurora, CO

Service

Phone: 720.619.2649

580 S. Havana Street Aurora, CO

Mobile Service

Phone: 720.619.2649

580 S. Havana Street Aurora, CO
39.7069515 -104.8649275
Schomp Subaru 39.7069515, -104.8649275.