Toyota Giving College Graduates $1,000 Rebate On New Toyota Lease Or Purchase

Image by Getty Images via @daylifeIt's that time of year again when we are seeing many students graduating from college. As the new graduates enter the real world, a world where they are starting new jobs and money is tight. They are being offered a little extra help from our friends over at Toyota Motor Sales. Toyota Motor Sales is offering qualified college graduates a $1,000 rebate toward the purchase or lease of a new Toyota vehicle. The vehicles include the Corolla, Matrix, RAV4, Camry (excludes Camry hybrid), Tacoma and Yaris and all new Scion models when financed or leased through a participating Toyota dealer.

This promotion is being coupled with the College Graduate Finance Program (applicable for all new Toyota/Lexus/Scion models) which offers highly competitive APR/lease terms and features. The features included with this deal are: 

• No money down and no monthly payments for the first 90 days on select finance programs
• Security deposit waiver for lease
• Toyota Care: a 2-year/25,000 mile complimentary maintenance plan with roadside assistance
• The College Graduate Rebate Program for Toyota and Scion vehicles ends Jan. 3, 2012 and is available to qualified customers who graduated within the last two years, or will graduate within the next six months

What are the Conditions to qualify?

• Get that degree! To take advantage of the program you must:
• 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
• Have graduated from an accredited two-year college during the last two years, or
• Be enrolled in an accredited graduate degree program or have received a degree from an accredited graduate program during the last two years, or
• 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
• Have completed an electrician apprenticeship/cert. program during the last two years through NJATC and IBEW.
• Get a job! 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.
• Minor credit lapses allowed! All obligations paid within 60 days or less of the due date and cannot have charge-offs totaling more than $1,000 in the past 24 months.
• On approved credit through participating Toyota dealers and Toyota Financial Services. Not all applicants will qualify. Terms, conditions and restrictions apply.

This sounds like a major good deal for the new graduates to take advantage of. There are a lot of hoops to jump through but it seems like a good incentive. Remember, this deal is on top of whatever initial deal you make with the dealer.

To find a dealer or to learn more, visit www.toyotafinancial.com/collegegrad or www.scion.com/college.