College Grad Rebate

Take the Test You'll Enjoy: A Toyota Test Drive

Take the test you'll enjoy: A Toyota test drive

School may be out for you, graduate, but there's still more to learn - and earn. If you've obtained a degree within the last two years or will graduate within the next six months, you may qualify for the Toyota College Graduate Finance Program, featuring a $500 rebate toward the purchase or lease of select new Toyotas through your Toyota dealer and Toyota Financial Services (TFS).

It pays to go to college: The Toyota College Graduate Finance Program

We all know that going to college can be tough on the pocketbook. TFS goes to the front of the class with a finance plan that features the following: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 and Toyota Certified Used Vehicles $500 rebate when you purchase or lease on select new untitled Toyota Camry (excludes Hybrid model), Corolla, Prius c, Prius Prime, RAV4 (Gas only), or Tacoma.Making the grade: How to qualify:

• To qualify for the rebate, you'll need to meet the following graduation, employment, insurance and credit criteria requirements.
• To obtain the College Graduate Rebate, you must be (1) enrolled in or be a graduate from an Eligible School, (2) fulfill an Eligible Degree Status and (3) provide proof of Eligible Degree Status all as defined below:

1. Eligible School/Degree Programs: An “Eligible School” is an accredited school in the 50 United States, U.S. Virgin Islands or Puerto Rico. An “Eligible Degree” is defined as one of the following from/with an Eligible School:
   • A. A four year undergraduate degree from a college, university or a registered nursing program; or
   • B. A two year associate or undergraduate degree from a community college, junior college or technical college or university; or
   • C. A two year trade or vocational degree or certification; or
   • D. Current enrollment in a graduate school degree program.
2. Eligible School/Degree Programs: An “Eligible School” is an accredited school in the 50 United States, U.S. Virgin Islands or Puerto Rico. An “Eligible Degree” is defined as one of the following from/with an Eligible School:
   • A. You are currently enrolled in a graduate degree program from an Eligible School; or
   • B. You have already obtained an Eligible Degree from an Eligible School within two calendar years prior to signing your lease or finance contract through your dealer and Toyota Financial Services (TFS).
   • C. You will obtain an Eligible Degree from an Eligible School within six months after signing your lease or finance contract through your dealer and TFS.
3. Proof of Eligible Degree Status: You must provide proof of Eligible Degree status by submitting the following required documents to your dealer:
   • A. For proof of Eligible Degree status where you have graduated from an Eligible School/Degree program within the last two years or will graduate from an Eligible School/Degree program within six months of signing your finance or lease contract:
     • a. Copy of diploma; or
     • b. Letter from the college/university/trade school registrar’s office stating graduation date and type of degree earned or to be earned; or
     • c. Copy of the final transcript confirming graduation date and type of degree earned.
   • B. For proof of Eligible Degree status where you are currently enrolled in a graduate school program from an Eligible School:
     • a. Copy of current transcript confirming enrollment in a graduate degree program; or
     • b. Letter from the college/university registrar’s office enrollment in a graduate degree program.

Customer must also:

1. 1. At contract signing, furnish verifiable proof of present employment or proof of future employment, which will begin within 120 days of credit approval, with a salary sufficient to cover ordinary living expenses and vehicle payments; and
2. 2. Be approved for credit by, and finance “the Vehicle” through a participating Dealer and Toyota Financial Services (TFS). All obligations on your credit report must have been paid within 60 days of the due date(i.e. no 60 day markers on bureau). Your credit report must not show more than $1,000 in total charge offs in the past 24 months.

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¹*College Graduate Rebate is available on select new Toyota vehicles. Toyota Certified Used Vehicles (TCUVs) and Scion Certified Pre-Owned Vehicles are not eligible for the Rebate Program. College Graduate Finance Program (which is not a rebate and instead offers competitive APRs and lease terms) is available on the lease or finance (including preferred option) of all new and unlicensed Toyota models or on TCUVs or Scion Certified Pre-Owned Vehicles. Subject to the foregoing limits and requirements below, 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. To qualify for the College Graduate Rebate Program and College Graduate Finance Program, customers must be currently enrolled in a graduate degree program from an eligible school (as defined below), or enrolled in or be a graduate from an eligible school and provide proof of graduation (showing an upcoming graduation within six months OR a recent graduation within two calendar 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 calendar 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: (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 or future employment (which will begin within 120 days of credit approval) when submitting credit application. Rebate offered by Toyota Motor North America. Rebate will be applied on TFS lease agreements toward the amount due at lease signing or delivery or capitalized cost reduction or the down payment on TFS finance contracts. Limit one rebate per lease or finance transaction. College Graduate Rebate Program may not be combined with the Toyota Military Rebate Program or iFi Program. Vehicle must be taken from dealer stock. Rebate valid on contracts executed between 01-05-2021 and 02-01-2021. College Graduate Programs are subject to change or termination at any time. Some restrictions apply. Programs are not available in AL, FL, GA, HI, NC, and SC. Rebate terms may be more generous in your local area. Ask your participating dealer about the college graduate rebate terms in your area. Under the College Graduate Finance Program, competitive APRs and lease terms are available on eligible finance contracts with terms up to specified number of months for retail and lease and preferred option financing on new vehicles. See dealer for details. Must pay sales tax. Void where prohibited by law. Not redeemable for cash. ©2020 Toyota Financial Services. All rights reserved. Toyota Financial Services is a service mark used by Toyota Motor Credit Corporation (TMCC).