CHUCK HUTTON TOYOTA

TOYOTA COLLEGE GRADUATE $1,000 REBATE PROGRAM

 

Toyota Motor Sales and Toyota Financial Services (TFS) are pleased to announce an UPDATE to the 2010 College Graduate Rebate Program - a $1,000 Rebate on New Camry Gas (excludes Hybrid), Corolla, Matrix, RAV4, Tacoma and Yaris vehicles for eligible College Grads! Effective 01/05/10, Dealer Participation is no longer allowed under the College Graduate Rebate Program.

This program:

                        Allows us to better focus efforts on core vehicles College Grads purchase/lease

                        Is one of the highest College Graduate Rebates in the industry

                        Is the highest College Graduate Rebate we've offered nationwide

                        Will entice young buyers to the Toyota family

                        Available from January 05, 2010 through January 03, 2011

Supercedes the previous Toyota College $1,000 Rebate Program (FSB #2009-CBR-E)

 

Eligible College Graduates buying or leasing a new untitled Toyota Camry Gas (excludes Hybrid), Corolla, Yaris, Matrix, RAV4 or Tacoma through January 03, 2011 will receive a $1,000 rebate to be used towards their purchase or lease. The rebate must be used as a down payment on Retail and Preferred Option contracts. On Lease Agreements, the rebate must be applied towards the "Amount Due at Lease Signing or Delivery".

As a reminder, there are two College Graduate Programs that can be utilized by the customer:

 

1. Enhanced Toyota College Graduate Rebate Program - $1,000 Rebate

 

2. College Graduate Finance Program - Automatic Tier 1 Rate (Minimum)

 

In most cases the eligible customer can benefit from both College Graduate Programs. There are a few instances where the Finance Plan is only available and not the rebate (i.e. TCUV). However, in all cases the customer must qualify for the Finance Plan in order to further qualify for the $1,000 Rebate Program.

 

All other parameters of the College Graduate Finance Plan remain unchanged.

 

Please refer to the attached Program Guidelines for complete program provisions. Should you have any questions regarding this program, please contact your Area Sales Manager (ASM) at your local TFS office.

 

 

TOYOTA $1,000 COLLEGE GRADUATE REBATE PROGRAM DEALER GUIDELINES

 

Program Period

The College Graduate Rebate Program is effective January 05, 2010 through January 03, 2011. The TFS College Graduate Finance Plan runs indefinitely.

 

Eligible Vehicles

New untitled Toyota Camry Gas (excludes Hybrid), Corolla, Yaris, Matrix, RAV4 or Tacoma, including dealer demonstrators with 20,000 miles or less qualify for the College Graduate $1,000 Rebate Program.

 

Except for the vehicles listed above, no other vehicles are eligible for this rebate. This includes all other New Toyota vehicles (except those listed above), Toyota Certified Used Vehicles and all Scion Vehicles, which are not eligible for the $1,000 rebate.

 

New untitled Toyota vehicles and TCUV are eligible for the College Graduate Finance Program.

 

Customer Eligibility

To qualify for the College Graduate Finance Plan and College Graduate Rebate Program, students must meet the following conditions:

 

1. Graduate from an accredited four-year college, university, or registered nursing degree program within the next six months; graduate from an accredited two-year college; or be enrolled in an accredited graduate degree program. In all cases, the student will have two years from receipt of their degree to take advantage of the program; or

 

2. Graduate from the two-year Toyota Technical Education Network (T-TEN) Program, which is equivalent to a two-year junior college degree (accredited by the NATEF (National Automotive Technicians Education Foundation); Graduate from any other two-year post secondary automotive program accredited by the NATEF; In all cases, the student will have two years from receipt of their degree to take advantage of the program; or

 

3. Complete an electrician apprenticeship/certification program through the NJATC (National Joint Apprentice and Training Committee) and the IBEW (International Brotherhood of Electrical Workers). The program is five-years in length and involves classroom training and 1500 hours practical training; In all cases, the student will have two years from receipt of their certificate to take advantage of the program; and

 

4. 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

 

5. Minor credit lapses allowed*

 

*Obligations paid within 60 days or less of the due date and non-credit related (e.g., rent, utilities, health club membership, etc.) charge-offs less than $250 are acceptable.