There was a time when Toyota, or anyone else, never would’ve thought that the Japanese company will ever stoop down to offering rebates. But then again, they are the hardest-hit Japanese company in this recession. Toyota Financial Services (TFS), in partnership with Toyota Motor Sales, is now offering qualified college graduates a $1,000 rebate toward the purchase or lease of select new Toyota vehicles, including the Corolla, Matrix, RAV4, Camry, Tacoma, Yaris and any new Scion model.
Qualified college graduates receiving the $1,000 rebate are also eligible for the College Graduate Finance Program which offers a competitive APR/lease and special incentives such as no money down when financing, no monthly payments for the first 90 days when leasing, security deposit waiver for lease, and complimentary roadside assistance for one year.
The College Rebate Program for Toyota vehicles ends March 31, 2010 and for Scion vehicles, the program ends Sept. 30, 2009 and is available to qualified customers who graduated within the last two years, or are about to graduate within the next six months.
You must meet all of these conditions:
o Have graduated from an accredited four-year college, university, or registered nursing degree program during the last two years or graduate from such a school/program within the next six months, or
o Have graduated from an accredited two-year college during the last two years, or
o Be enrolled in an accredited graduate degree program or have received a degree from an accredited graduate program during the last two years, or
o Have graduated during the last two years from the two-year Toyota Technical Education Network (T-TEN) Program or any other two-year post secondary automotive program accredited by the NATEF, or
o Have completed an electrician apprenticeship/cert. program during the last two years through NJATC and IBEW.
You also have to show proof of present employment, or future employment with a start date within 120 days of your purchase contract date. TFS must deem your salary sufficient to cover living expenses and vehicle payments. Obligations paid within 60 days or less of the due date and non-credit related (e.g., rent, utilities, health club membership, etc.) charge-offs less than $250 are acceptable.
