College grad program

If you've graduated college in the last 2 years you can get a rebate on any new Toyota vehicle. http://www.toyotafinancial.com/cons...5255?_nfpb=true&_pageLabel=pg_CollGradFinProg . It's not a whole lot, but it's something. Also, you are guaranteed to get an interest rate no higher than 7.0% (at least where I bought mine). Again, this isn't that good, but if you're just coming out of college, this probably isn't too bad.

Be prepared to show proof of everything, though. They scanned my diploma and wanted to see pay stubs proving my job was related to my degree.

 

Also, my dealer didn't even know about this program; I had to print off this page and show them before they'd accept it.

 

That sounds great for people fresh out of college that don't have much credit. Thanks for the link.

 

There are definately bennefits for financing a car as a recent college grad. The lender I work for has a pretty good "college grad program" as well. The sad thing is that so many don't know about the programs.

Its just another plus for graduating with higher education

 

Anyone use this recently? Is there a minimum amount you have to borrow to qualify for the $1000. Also, now that there is 0% financing, do you think they'd give you that and the discount as well? Just curious, but I'd like to know before I go down to the dealer myself.

 

Hmmm, I wonder if I qualify for this. I just bought a 09 Tacoma back in May and I will be graduating college at the end of this semester.

 

Nice find steelers I'm sure that could help some people out around here. I still got a few years though

 

I'm assuming the rebate isn't retroactive? I graduated in may bought my taco in November and my jobs related to my degree...Anyone try?

 

For me, my dealer even wanted the name of my Dean, and contact information. someone from Toyota actually called my school confirming I graduated. You can combine this deal with others, but no, it is not retroactive.

 

I bought my second Tacoma on Friday using this program, so it is still god. The dealer just asked me diploma and paystubs no other question asked. Only thing is that I think he made me buy the 6 years 1000 miles warranty. Rate is 3.9%

 

IIRC you have to buy the truck within two years of graduating. I showed them my diploma 11 months after graduating, they photo copied it, and then took the $1k off the price of the truck. Very easy. No hassle.

 

Briboki, did you have to use their financing? If so, what kind of rate did they give you?

 

I negotiated the price on my tacoma over the phone. I had financing lined up through my credit union. I walked into the dealer and met the salesman I spoke with on the phone. Told the dealer the rate, asked them to match it. They ran my credit and said they could match it (5.24%). I then pulled my diploma out and said I wanted the 1k college grad rebate. They said okay and made a photo copy of my diploma. It was much easier that I ever imagined. It's my understanding that the rebate comes from Toyota, and not the individual dealer. So the dealer shouldn't have any incentive to hassle you about the rebate.

I did sign a form stating my diploma was valid, they had the right to verify with my college, not a fake, if it was fake I would owe them $1k, etc. I put 50% down on my truck, dunno if there is a minimum down payment required.

I'm 99% sure you have to use their financing. Thats why I asked them to match my credit union, and I brought up the rebate at the very end (to keep it out of negotiations).

 

I was going to pay cash for my truck when I bought it, but the dealer informed me I wouldn't get the rebate if I didn't finance it with Toyota. So yes, in order to get the grad rebate, you must use Toyota financing. So I financed it, then paid it off with the first payment.

 

Just to update, but I was able to get the college grad incentive and 0% financing combined. However, 0% is only for 36 months.

 

That's another good reminder: as with any factory rebate, don't mention it until you've agreed on a price.