Subaru of America, Inc. Launches Product to Protect Against Unforeseen Losses

Subaru of America, Inc. and Subaru Motors Finance today announced the launch of Subaru Equity Shield, a product designed to protect Subaru customers against unforeseen losses. Subaru Equity Shield is distributed through Subaru Motors Finance and sold exclusively on Subaru vehicles through participating Subaru dealers.

Subaru Equity Shield, a guaranteed asset protection (GAP) product, is available for both new and used Subaru vehicles, excluding leases. It offers customers:
Payment of all or most of the difference between the outstanding loan balance and the amount the primary insurance company will pay in the event of a total loss on the vehicle
Coverage of negative equity if rolled over from a prior loan, within the vehicle manufacturer’s suggested retail price limits
Coverage of the primary insurance deductible, up to $1,000
An additional $1,000 credit for a replacement Subaru bought from the dealer that sold the original Subaru vehicle (not available in all states)

“The Subaru Equity Shield enables us to offer a valuable and convenient service to our customers,” said Tom Doll, executive vice president, Subaru of America, Inc. “We work hard to protect our customers on the road, and if we can also help them protect their investment then that is even better.”

“We’re pleased to continue to expand our relationship with Subaru of America by offering additional products for dealers,” said Marc Sheinbaum, CEO of Chase Auto Finance, which is Subaru’s captive finance company. “Both dealers and customers will benefit from the added value and security Subaru Equity Shield provides.”

About Subaru

Subaru of America, Inc. is a wholly owned subsidiary of Fuji Heavy Industries Ltd. of Japan. Headquartered in Cherry Hill, N.J., the company markets and distributes Subaru Symmetrical All-Wheel Drive vehicles, parts and accessories through a network of 600 dealers across the United States. Subaru makes the best-selling All-Wheel Drive car sold in America based on R.L. Polk & Co. new vehicle retail registration statistics. For additional information visit www.subaru.com.

Subaru Motors Finance (SMF) is licensed by Subaru of America, Inc., to JPMorgan Chase Bank, N.A. and Chase Auto Finance Corp. for SMF to offer Subaru customers retail installment sales contracts, loans and leases through Subaru dealers. Since 2001, SMF has financed more than 750,000 Subaru customers or more than half of all Subarus sold in the past seven years.

About Chase Auto Finance

JPMorgan Chase Bank, N.A., together with its affiliates, is the largest bank provider of auto financing in the country. Parent company JPMorgan Chase & Co. (NYSE: JPM) is a global financial services firm with assets of $1.8 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com.

Contacts

Chase
Mary Kay Bean, 313-225-2831
mary.kay.bean {at} chase(.)com
or
Subaru
Heather Ward, 856-488-5093
hward {at} subaru(.)com