Congratulations, graduates! As you step into a new chapter, a reliable vehicle might be high on your list. Toyota understands the needs of recent graduates and offers a fantastic Toyota College Graduate Program to help you get behind the wheel of a new car. But which Toyota models actually qualify for this program? Let’s dive into the details to help you make an informed decision.
Understanding the Toyota College Graduate Program
Toyota’s College Graduate Program is designed to make purchasing or leasing a new Toyota more accessible for recent graduates. This program provides a significant $500 rebate towards the purchase or lease of eligible new Toyota vehicles through Toyota Financial Services (TFS). Beyond the rebate, the program often includes attractive financing options such as low APRs and deferred payment options, like zero payments for the first 90 days, making it easier to manage your finances as you start your career.
Eligible Toyota Models for the Graduate Program Rebate
The most crucial question for many graduates is: “Which Toyota cars can I actually get with this program?”. The Toyota College Graduate Program rebate specifically applies to a range of popular and fuel-efficient new Toyota models. Here’s a list of vehicles that typically qualify for the $500 rebate:
- Sedans: Toyota Camry, Toyota Camry Hybrid, Toyota Corolla, Corolla iM (Note: Corolla iM is an older model, check current availability)
- Hatchbacks: Toyota C-HR, Toyota Prius (excluding Prius Prime), Toyota Prius c, Toyota Prius v, Toyota Yaris, Toyota Yaris iA (Note: Yaris iA is an older model, check current availability), Toyota 86 (Note: Toyota 86 is an older sports car model, check current availability)
- SUVs/Trucks: Toyota RAV4, Toyota RAV4 Hybrid, Toyota Tacoma
Important Note: While Toyota Certified Used Vehicles (TCUVs) and Scion Certified Pre-Owned Vehicles may be eligible for the financing aspect of the College Graduate Program, they are not eligible for the $500 rebate. The rebate is exclusively for new, untitled Toyota models from the list above.
It’s always recommended to confirm the current list of eligible models and program specifics with your local Toyota dealer or Toyota Financial Services, as program details and model availability can change.
Qualification Criteria: Are You Eligible for the Toyota Graduate Program?
To take advantage of the Toyota College Graduate Program and the associated rebate, you need to meet certain criteria related to your graduation status, employment, and creditworthiness. The general requirements are:
- Graduation: You must have graduated from an accredited four-year university, college, registered nursing program, or a two-year college, trade school, or graduate program within the last two years. You may also qualify if you are on track to graduate within the next six months.
- Proof of Graduation/Enrollment: You’ll need to provide proof of your graduation or upcoming graduation. Acceptable documents include a copy of your diploma, a letter from your registrar’s office, a final transcript, or a current transcript confirming enrollment in a graduate program.
- Employment: You must demonstrate proof of present employment or future employment that will begin within 120 days of credit approval.
- Credit Approval: Like any auto financing program, you must receive credit approval from Toyota Financial Services (TFS). Not all applicants will qualify, and the program is subject to credit approval.
Taking the Next Step
If you believe you qualify for the Toyota College Graduate Program and are interested in purchasing or leasing one of the eligible Toyota models, your next step is to connect with a participating Toyota dealer. They can provide you with the most up-to-date information on eligible vehicles, program details, and assist you with the application process. You can also contact Toyota Financial Services directly for more information about the program.
The Toyota College Graduate Program is a valuable opportunity for recent graduates to drive away in a reliable and stylish new Toyota. By understanding which cars qualify and the eligibility requirements, you can be well-prepared to take advantage of this program and start your post-graduate journey with the perfect vehicle.
