Are you up for the test?
If you earned a degree within the last two years, you may qualify for the Toyota College Graduate Finance Program. This program includes a $750 rebate toward the purchase or lease of select new Toyota's through your Toyota dealer and Toyota Financial Services (TFS).
The Toyota College Graduate Finance Program
College is expensive, but TFS can help you save through its finance plan. This plan features:
- No money down and no monthly payments for the first 90 days on select finance programs on all new untitled Toyota vehicles
- Competitive APRs on all new untitled Toyota vehicles
- $750 rebate1 on select All New* Toyota Camry Gas (excludes Hybrid), Corolla, RAV4 (Gas Only), Tacoma, Yaris, Prius C, Prius V and Prius LB including dealer demonstrators with 20,000 miles or less.
In order to take advantage of the rebate, you need to meet certain graduation, employment, insurance, and credit criteria requirements outlined below.
To qualify, it is required that you meet one of the following:
- 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
- Have graduated from an accredited two-year college during the last two years
- Be enrolled in an accredited graduate degree program or have received a degree from an accredited graduate program during the last two years
- 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
- Have completed an electrician apprenticeship/certification program during the last two years through the NJATC and the IBEW
Contract Signing: Making It Official
When the time comes to sign your contract, please prepare to show proof of present employment with a start date of 120 days of your purchase contract date. TFS must deem your income sufficient enough to cover living expenses and vehicle payments.
It is necessary that the applicant and co-applicant meet all college graduate program qualifications.
You may still qualify for the rebate even if you have experienced credit lapses. There is a possiblity that you still qualify if you have paid off your obligations within 60 days or less of the due date and if you do not have charge-offs that total more than $1,000 in the past 24 months.
See your participating Toyota dealer or call (800) GO-TOYOTA to request a program brochure.
The Toyota College Graduate $750 Rebate Program is effective from October 4, 2016 through January 3, 2017. Program is subject to change or termination at any time. (The TFS College Graduate Finance Plan runs indefinitely).
Graduate Finance Program is valid on the lease or finance (including preferred option)
of select new untitled Toyota models or on Toyota Certified Used
Vehicles. College Graduate Rebate is only available on All New* Toyota Camry Gas (excludes Hybrid), Corolla, RAV4 (Gas Only), Tacoma, Yaris, Prius C, Prius V and Prius LB including dealer demonstrators with 20,000 miles or less. (TCUVs are not eligible for
the Rebate Program). The College Graduate Rebate Program and College
Graduate Finance Program are available upon credit approval from and
execution of a finance or lease contract through a participating Toyota
dealer and Toyota Financial Services (TFS). Not all applicants will
qualify. Qualified customers must be enrolled in or be a graduate from
an Eligible School (as defined below) and provide proof of graduation
(showing an upcoming graduation within six months OR a recent graduation
within two years from the date of signing your vehicle lease or finance
contract) from one of the following Eligible Schools located in the 50
United States, Puerto Rico, or U.S. Virgin Islands: (a) an accredited
four-year college, university or registered nursing program; OR (b) an
accredited two-year college associate degree or an undergraduate
academic degree as awarded by community colleges, junior colleges,
technical colleges and universities; OR (c) an accredited two-year trade
or vocational school; OR (d) an accredited graduate school. In all
cases, the student will have two years from receipt of their degree to
take advantage of the program. Must provide proof of qualification and
any one of the following documents will be accepted as proof: (a) copy
of diploma; OR (b) letter from the college/university/trade school
registrar's office stating graduation date and type of degree or
certification earned; OR (c) copy of the final transcript confirming
graduation date and type of degree earned; OR (d) copy of current
transcript (or letter from college/university registrar's office)
confirming current enrollment in a graduate degree program. Eligible
customers must also meet credit approval requirements and furnish proof
of present employment or proof of future employment when submitting
credit application. Rebate offered by Toyota Motor Sales, U.S.A., Inc.
Rebate will be applied on lease agreements toward the amount due at
lease signing or delivery or capitalized cost reduction or the down
payment on finance contracts. Limit one rebate per lease or finance
transaction. Not compatible with the Toyota Military Rebate Program or
iFi Program. Rebate valid on contracts executed between October 4, 2016 and January 3, 2017. College Graduate Programs are subject to change or
termination at any time. Some restrictions apply. Programs may not be
available in all states. On eligible finance contracts with terms up to
specified number of months for retail and lease and preferred option
financing on new vehicles. Compatible with the special APR program up to
specified number of months on the Toyota Camry (excludes Hybrid model).
See dealer for details. Must pay sales tax. Void where prohibited by
law. Not redeemable for cash. Toyota Financial Services is a service
mark of Toyota Motor Credit Corporation (TMCC). TMCC is the authorized
attorney-in-fact and servicer for Toyota Lease
Trust. 2 FSB #2016-TSCGR (Toyota)