You know your college diploma is so much more than a simple piece of paper. It represents the culmination of a lot of hard work, a lot of long hours at the library, and a lot of checks written to the registrar. But that’s not all: your diploma can also act as your ticket to a wide spectrum of special deals on new cars. Before you seal it in a frame and hang it over the mantelpiece, make sure you check out all the money-saving options being offered by car dealerships to recent graduates and soon-to-graduate first-time buyers.
The Deals
Having a diploma (or being well on your way towards getting one) can benefit you in a few different ways: some manufacturers offer a rebate right off the price of a car, some offer special financing terms, and some offer a combination of both.
Toyota’s College Grad program, for example, offers a $400 rebate off the purchase price of any new Toyota or Scion that is financed through Toyota Financial Services, plus no money down and no payments for 90 days. They even throw in a year’s worth of complimentary roadside assistance. Kerry Riviera at Toyota Financial Services says the program’s been a hit since April 2001, especially in the summer months: “We've seen increased interest and use of the program year over year. Last summer we were booking about 2,100 plus college grad deals in June, July and August.”
Other manufacturers currently offering rebates and cash bonuses include Ford, Hyundai, Kia and so on.
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