College Graduate Program Question

[mezdup]

Originally Posted by Erroneous

Do tell. I graduated in May 2010, so I just missed the cutoff, but my wife is in grad school currently. I'm wondering if a spouse legitimately counts or if you got lucky.

well actually the salesman was telling me that May 2010 is the cutoff so you should be eligible. i would contact your nearest dealership to confirm this.

[Cheddar]

Originally Posted by Erroneous

Do tell. I graduated in May 2010, so I just missed the cutoff, but my wife is in grad school currently. I'm wondering if a spouse legitimately counts or if you got lucky.

if she hasn't graduated she needs to prove that she will within the next 6months. Also she needs to be on the loan. in other words she needs to cosign.

[Cheddar]

Originally Posted by mezdup

well actually the salesman was telling me that May 2010 is the cutoff so you should be eligible. i would contact your nearest dealership to confirm this.

you have to remember the cutoff date is 2 years after graduation. so if he graduated may 2010 his cut off is may 2012.

[Erroneous]

Originally Posted by Cheddar

if she hasn't graduated she needs to prove that she will within the next 6months. Also she needs to be on the loan. in other words she needs to cosign.

How To Qualify

Have Graduated from an accredited four-year college, university, or registered nursing degree program during the last two years or graduated from such a school/program within the next 6 months;

Have graduated from an accredited two-year college during the last two years;

Be enrolled in an accredited graduate degree program or have received a degree from an accredited graduate program during the last two years;

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;

Have completed an electrician apprenticeship/certification program during the last tow years through NJATC and the IBEW.

She is enrolled in an accredited graduate degree program...seems like that would work. I might just have to talk to a dealer, although it sounds like they know even less than most here.

[Erroneous]

Originally Posted by Cheddar

you have to remember the cutoff date is 2 years after graduation. so if he graduated may 2010 his cut off is may 2012.

I imagine this is correct, but it would make sense to allow all 2010 graduates to receive the discount considering they're ending the program in July of 2012. If it was a rolling program with no end point, I could see the 2 years being from date of graduation.

Anyway, it's not my fault they couldn't get me a car before May.

[mezdup]

Originally Posted by Erroneous

I imagine this is correct, but it would make sense to allow all 2010 graduates to receive the discount considering they're ending the program in July of 2012. If it was a rolling program with no end point, I could see the 2 years being from date of graduation.

Anyway, it's not my fault they couldn't get me a car before May.

yea this was my understanding, but i guess i could have midunderstood the salesman i had.

[adwhitle]

Just talked to the dealer and they told me I was right about the college grad program. Now I have to wait till Saturday to go pick my FR-S! Wish I didn't live far from the dealer or have to work.

[Erroneous]

Originally Posted by adwhitle

Just talked to the dealer and they told me I was right about the college grad program. Now I have to wait till Saturday to go pick my FR-S! Wish I didn't live far from the dealer or have to work.

Nice. I hope this week flies by for you.

[JERZgrl88]

Originally Posted by mezdup

i just got the FR-S yesterday with the college grad program. i graduated in May of 2011 and from what the salesman was telling me, anyone who graduated within the past 2 years qualifies. so at the moment, a May 2010 graduation would be the cutoff.

Graduation fail

I was upset calculating this info a few months back..they should extend the grad date by at least 3-5 more years *still paying off student loans and want the fr-s*

[Turbowned]

Heh, this is tempting. I haven't technically graduated yet because I owe the school a few thousand dollars for my last semester, but I could pay off the school, get my diploma and get an FR-S for under $24k. I wish Subaru had a similar rebate

[SixSpeed]

Originally Posted by Turbowned

Heh, this is tempting. I haven't technically graduated yet because I owe the school a few thousand dollars for my last semester, but I could pay off the school, get my diploma and get an FR-S for under $24k. I wish Subaru had a similar rebate

Yeah, both Toyota/Scion and Subaru have their deal breakers. The College program is one of the reasons i'm going with the FR-S. Affordability.

[TPO]

All you have to do is call scion corp. on your phone while at the dealer. Scion corp. took care of me within 10 min. F**K The Dealer

[Xenith]

You should definitely go to a different dealership if that is what they're telling you. I graduated this Spring and got my rebate hassle-free. They made a copy of my diploma and took off the $1k from the purchase agreement.
I am not sure about what others said about having to finance through Toyota/Scion to get the rebate, but I was very straight forward in telling them I was financing outside and I still got the rebate.

EDIT: Nevermind... When I went in to finish paperwork I was told I had to finance through Toyota Financial to get the deal /sigh

[waylonrobert]

Sucks, I graduated in 2008.

[|-Goku-|]

I will be putting my GF's name on the loan, and using her diploma from 2011 to get the rebate. And also helping her boost her Credit score.

[TofuDelivery]

Btw does anyone know if scion has done a promotion like this in the past? Or is this the first time they are doing a college grad $1000 rebate?

[Jayp]

Originally Posted by TofuDelivery

Btw does anyone know if scion has done a promotion like this in the past? Or is this the first time they are doing a college grad $1000 rebate?

They've had this promotion for about a year now, but it was renewed about a month ago.

[Verge]

I was told that for my loan my wife's college grad. doesnt count because she doesnt make enough money to qualify. can anyone tell me if this is true?

[|-Goku-|]

Originally Posted by Verge

I was told that for my loan my wife's college grad. doesnt count because she doesnt make enough money to qualify. can anyone tell me if this is true?

As long as she can qualify credit wise and she has a job in the field she graduated in. You will be fine.

[Jayp]

Originally Posted by Verge

I was told that for my loan my wife's college grad. doesnt count because she doesnt make enough money to qualify. can anyone tell me if this is true?

Originally Posted by |-Goku-|

As long as she can qualify credit wise and she has a job in the field she graduated in. You will be fine.

From what I've been told, if you qualify credit wise, and you have the required graduation criteria, you qualify for the rebate. So if she doesn't qualify for the rebate but has the graduation criteria, that means she didn't qualify for the credit.

There is a minimum monthly income to qualify for credit, and according to what my dealership told me, TFS minimum income qualification is $1600 monthly. There are some exceptions in which they can try and get you qualified if you have a co-signer with an income more than $1600. But the chances of getting approved is lower because the bank will primarily look at the buyers income more than the co-signers'.

[Verge]

Originally Posted by Jayp

From what I've been told, if you qualify credit wise, and you have the required graduation criteria, you qualify for the rebate. So if she doesn't qualify for the rebate but has the graduation criteria, that means she didn't qualify for the credit.

There is a minimum monthly income to qualify for credit, and according to what my dealership told me, TFS minimum income qualification is $1600 monthly. There are some exceptions in which they can try and get you qualified if you have a co-signer with an income more than $1600. But the chances of getting approved is lower because the bank will primarily look at the buyers income more than the co-signers'.

She was a full time student and didn't really work but she already has a position set once she is licensed and will definitely make over 1600 a month. Odd though that there would be a limit for those who just graduated and are not really working. I will call scion hq for this. Seems too contradictory.:s

[FR-S,M.D.]

Rebate and TFS program are two separate things. All eligible grads can get the $1000 off as long as they take delivery by July 3, 2012 (here in Canada). Eligible grads who also can provide proof of employment with salary enough to cover financing payments can also get 0.2% off the finance rate on top of the $1000 off. Have your dealer submit the paper work to Scion, you should know if you're approved within 24hrs, then negotiate sale. Also, make sure dealer takes the $1000 off the sales price instead of having Scion send you a cheque. That way the onus is on them to make sure you meet criteria re: delivery (e.g. my dealer back doored it by grabbing the VIN and putting the paperwork through while my car is still in Vancouver waiting to ride the train to Toronto).