Peter Banks Subaru is a brand that has been associated with reliability, safety, and performance. Their cars are known for their longevity and are a popular choice for individuals who are looking for a vehicle that can withstand the test of time. However, as with any new car purchase, it’s important to consider not only the initial cost of buying a new Subaru car but also the long-term cost of ownership. In this article, we will take a closer look at the cost of owning a new Subaru car and provide valuable information to potential buyers of new Subaru cars.
The Cost of a New Subaru Car
Subaru offers a wide range of new cars in different models and trim levels. The cost of a new Subaru car will depend on the model and trim level chosen. As of 2021, the starting price of a new Subaru car ranges from $18,795 for the Subaru Impreza to $64,795 for the Subaru Ascent. The price of a new Subaru car can also vary based on the dealer and location. Potential buyers should visit their closest Subaru dealer to get the most accurate pricing information.
Subaru Financing Options
Subaru offers financing options for buyers who wish to purchase a new Subaru car. The financing options are based on the credit score, down payment, and the vehicle’s price. The interest rate for a new Subaru car loan ranges from 0.99% to 3.49% depending on the loan term and the buyer’s credit score. A Subaru lease is also an option for those who wish to drive a new Subaru car but do not want to purchase it. Subaru leasing options typically require a down payment, followed by a monthly payment for a specified term.
Cost of Ownership
The cost of owning a new Subaru car extends beyond the initial purchase price. Owners of new Subaru cars should factor in other costs, such as insurance, fuel, and maintenance costs. The cost of ownership of a new Subaru car will depend on the model chosen and the individual’s driving habits. The following are some of the costs that must be considered when owning a new Subaru car:
Insurance Costs
The insurance costs of a new Subaru car depend on several factors, such as the model, the owner’s driving record, location, and coverage. The average annual insurance cost for a new Subaru car is around $1,465. Insurance rates may be lower or higher depending on the model and coverage level chosen.
Fuel Costs
Fuel costs also vary based on the model of the new Subaru car, the fuel efficiency, and driving habits. The average fuel economy for a new Subaru car ranges from 22 miles per gallon (mpg) city to 33 mpg highway. Based on the average gas price in the United States, fuel costs for a new Subaru car can range from $1,200 to $1,800 per year depending on the model and mileage.
Maintenance Costs
Maintaining a new Subaru car is important for safety and performance. The cost of maintenance includes oil changes, tire rotations, brake replacements, and other services. Based on the model and service requirements, the maintenance costs for a new Subaru car can range from $400 to $700 per year.
FAQs
Q: What is the most affordable new Subaru car?
A: The most affordable new Subaru car is the Subaru Impreza with a starting price of $18,795.
Q: What is the highest-priced new Subaru car?
A: The highest-priced new Subaru car is the Subaru Ascent with a starting price of $64,795.
Q: Do new Subaru cars come with a warranty?
A: Yes, new Subaru cars come with a 3-year/36,000-mile warranty and a 5-year/60,000-mile powertrain warranty.
Conclusion
Purchasing a new Subaru car is an investment that requires careful consideration of the long-term cost of ownership. The initial purchase price is just the beginning when it comes to the total cost of owning a new Subaru car. Potential buyers of new Subaru cars should consider insurance, fuel, and maintenance costs when calculating the cost of ownership. However, with proper maintenance, a new Subaru car can be a reliable and long-lasting investment for car enthusiasts and potential buyers alike.
