Toyota World of Lakewood

Part of the World Automotive Group

Car Shopping After College? Check Out Toyota’s College Grad Discounts

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There’s a lot to worry about those first couple of years after college. Student loan payments, working your way up from entry-level positions, and trying to make a name for yourself in your chosen field — these are just a few of the things on your mind. That’s why Toyota makes it easy for college graduates to get special deals on a new car. Check out these amazing student car-buying discounts at our Toyota dealership near Manchester, NJ.Student-Discount

The Perks of Toyota’s College Graduate Finance Program

Toyota’s College Graduate Finance program includes a $750 rebate on a lease or purchase of select new Toyota models. It is available only from Toyota Financial Services (TFS). Additionally, buyers who qualify for this program get access to highly competitive APRs (Annual Percentage Rate) and attractive lease terms on select Toyota models. This includes new Toyotas and Scions, Toyota Certified Used Vehicles, and Scion Certified Pre-Owned Vehicles.

If you live in the areas of Lakewood or Toms River, NJ, visit our Toyota dealers, and we’ll gladly show you the models that qualify for this special discount.

How to Qualify for Toyota’s College Grad Savings

“A $750 rebate is mighty sweet, but how do I qualify for these Toyota College Grad Discounts?” This program is available to the following people:

  • Graduates of an accredited 4-year college, university, or registered nursing program within two years, or those who will graduate from one of these programs within the next 6 months.
  • Graduates of accredited 2-year colleges, community or junior colleges, technical colleges, or universities within the past two years, or those who will graduate from one of these programs within the next 6 months.
  • Those who are enrolled in or have graduated from an accredited graduate degree program within the past two years.
  • Graduates of an accredited 2-year trade school or vocational school within the past two years, as well as those who plan to graduate from such a program within the next 6 months.

Also, qualified graduates must submit proof of current employment or a promise of future employment, with a start date no later than 120 days from the lease or purchase date. The graduate’s employment income must be sufficient to cover their living expenses plus the expenses related to the leased or purchased vehicle.

First - Time-Car

Some Essential Tips for First-Time Car Buyers

Know the difference between a purchase and a lease.

If you need a “nice” car, but you also need to keep payments as low as possible, leasing is a great option. Leasing is less expensive than buying in the short-term, and for drivers who tend to get new vehicles fairly often (every 3 to 5 years), it’s a less-expensive avenue for getting the latest features and styles without overspending.

If you’re an entrepreneur, the cost of a leased vehicle is easier to take off on your income taxes. (This doesn’t matter unless you’re self-employed or own your own business.) But leases come with mileage limitations, so this isn’t the best option for buyers who rack up lots of miles or tend to keep vehicles for many years. Those drivers are better off buying and accumulating that resell value.

Know the difference between a used vehicle and a certified pre-owned vehicle.

You may wonder why vehicles listed as “certified pre-owned” are more expensive than those listed as just “used.” The certification process involves a lengthy multi-point inspection, as well as some maintenance and repair work that results in a more reliable vehicle. Certified pre-owned vehicles usually come with a warranty or guarantee that a used car doesn’t have. Essentially, our Lakewood Toyota dealers stand behind the vehicles we certify.

Don’t forget the extras when you budget for a car.

When you’re figuring out how much you can afford to pay for a vehicle, don’t forget the extras. Many first-time buyers calculate only the car payments, forgetting things like regular maintenance, gas, and insurance premiums. A sportier vehicle might not cost much more in terms of payments, but likely costs more in terms of gas, maintenance, and insurance. High-performance tires, for instance, cost significantly more than the typical commuter tires. Be sure you’re calculating all of the additional expenses related to owning the vehicle. Insurance companies can run the numbers for you before you buy, so you have a good idea of what premiums will cost before you buy or lease a vehicle.

Make your decision based on practical needs instead of emotion.

Few things are as thrilling as buying a new car. It’s easy to let excitement get the better of you, making it hard to make a sound decision that serves you in the long run. But apart from a home, cars are usually the most expensive purchases that people make. Think about how you drive and what you need in a vehicle. Do this before you go shopping, so you have your needs in mind before those emotions get in the way. For example, will you frequently travel to visit family far away? If so, you’ll need space for tons of luggage and good gas mileage. Do your friends usually ride in your car when you all go out? Then be sure to get a vehicle with plenty of seating, cup holders, and leg room. Choose the car based on your particular needs, not just its looks.

TWL

Get a Great Discount at Our Lakewood Toyota Dealership

Come on, graduates! Visit Toyota World of Lakewood to see why we put the “deal” in “dealership.” Contact us at (732) 276-1429 to learn more about the Toyota College Grad Savings Program and discuss your leasing and purchasing options of a new Toyota or pre-owned car today.

 

Sources:

https://www.toyotafinancial.com/pub/w/planning_center/financing_options/buy/college_graduate_program

https://www.kbb.com/car-news/all-the-latest/10-tips-for-first_time-car-buyers/2000007215/

https://www.edmunds.com/car-buying/first-time-new-car-buyer-guide.html

https://cars.usnews.com/cars-trucks/buying-vs-leasing

http://www.consumerreports.org/cro/2012/12/buying-vs-leasing-basics/index.htm

https://www.edmunds.com/car-leasing/should-you-lease-or-buy-your-car.html

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