Thelen Subaru in Bay City, Michigan appreciates your dedication to continuing your education and creating a brighter future. As our way to recognize your hard work and achievement, Thelen Subaru and Subaru of America offer the College Grad Program:

Recent graduates and soon-to-be graduates can apply to finance or lease a new Subaru vehicle under the College Graduate Program.  This is valid for leases and loans approved through Subaru Motors Finance. In addition, all qualified applicants are automatically eligible for any special lease or retail offers currently available.
College Graduate Program Eligibility:

Vehicle Eligibility

All New Subaru Models are eligible. Click Here To View the Complete New Vehicle Inventory at Thelen Subaru

Customer Eligibility

Applicant must be graduating within 6 months or have graduated within up to 24 months from date of application with a Bachelor's, Master's, or Associate Degree from an accredited 2 or 4 year U.S. College, Graduate School (including Doctorate) or Nursing School.

Applicant must provide proof of graduation:

For the student who will be graduating within the next 6 months, either:
  • A letter from the registrar's office stating graduation date and type of degree.
  • A copy of final transcript that states type of degree and date earned.
For the applicant who has graduated within 24 months from date of application:
  • A diploma.
  • No derogatory credit history, past or present.
For joint applications, both applicants must meet all program eligibility requirements.
Program eligibility is subject to Subaru Motor Finance's review of documentation and verification before funding; additional documentation may be required.


Applicant must have proof of employment and income. If employment has not yet started, a letter from the future employer that shows a start date within 90 days of the current date and salary is required, along with verbal verification from current or future employer.

Product Parameters
  • New Lease or Retail Purchase Only
  • Maximum Terms: 72 months on Retail and 48 months on Lease
  • Maximum Advance: 115% of invoice on Retail and 100% on Lease
  • Maximum booked LTV with aftermarket cannot exceed 125% of invoice for retail or 100% of MSRP for lease
  • Maximum Amount Financed or Maximum Capitalized Cost is $25,000


Standard rates apply. Retailer participation is allowed according to the applicable Product Reference Sheet or program sheet.
May be used with applicable Subaru Motors Finance Manufacturer special programs. See current program sheet for details and markup guidelines.

The College Grad Program cannot be used in conjunction with the Mobility Equipped Program. Not available on contracts submitted to Chase Custom Finance.

Note: All applications subject to credit approval through Subaru Motors Finance (SMF) and programs may change at any time. Not all programs available in all states. All financing on approved credit.
Information provided by and available through Subaru Motors Financing.

Thelen Subaru in Bay City proudly supports the following local Mid-Michigan higher-education facilities and more:

Delta College

Saginaw Valley State University

Northwood University

Make an Inquiry