This is a bit like first-time buyer programs offered by some automakers.
Best College Grad Discounts On New Cars
But you don't have to buy a new car to save money. Certified pre-owned cars are often eligible for special rates as part of monthly used car deals. In addition to not paying a premium for a new car, CPO cars have the added peace of mind of a limited extended warranty. Most shoppers should be aware that current students can also sometimes be eligible for discounts. For example, Ford and GM both extend their offers to current enrolled students. In Ford's case, even newly-accepted college students are eligible.
Getting a college discount is usually a very straightforward process. Some programs, like Ford's, simply require showing proof of current enrollment for students in good academic standing. If you're a graduate, typical requirements are:. Rules can vary, so be sure to ask your dealer for the latest details.
Don't forget— most college discounts are stackable with current offers. Combining deals can equate to serious savings if you know where to look. Why we love this deal: GM's offer gets you access to Supplier Pricing , which is essentially the invoice price plus a small program fee. Since the discount is already calculated for you, no haggling is required for you to get a good deal.
You also get access to most other factory discounts.
Graduates within the last 2 years or next 6 months opting to finance or lease through Toyota Financial. Toyota offers one of the larger cashback deals among mainstream automakers. Even better, you can combine the offer with other rebates when you finance at non-promotional rates. Offer vary by region, example assumes Southern California location. Another program that benefits both current students and recent graduates, combining the deal with Ford's already aggressive offers can yield remarkable savings.
Offers vary by region, example assumes California location.
The Mazda3 is a popular compact car that comes in hatchback and sedan options and your choice of manual or automatic transmission. For a smaller car, it also has an above-average roster of safety features, including a standard rear-view camera and optional front crash prevention system.
Best Discounts on Cars for College Students and Grads | Auto Credit Express | Blog
The Mazda3 model dates back to , so budget-conscious buyers have plenty of affordable used options to choose from. The Toyota Yaris is a subcompact car that comes in hatchback and sedan versions with manual five-speed or automatic transmission, depending on your preference and trim selection. Though there are five different trims, all are comparably priced, meaning even high-end Yarises are affordable on a student budget. Plus, the Yaris model has been around in the United States for a decade, so there are lots of affordable, reliable models on the road. The Honda Fit is a direct competitor of the Yaris and is clearly comparable in many ways.
It boasts a similar MSRP, similar handling, and similar entertainment and safety features. Depending on your trim and preference, you can choose from front-wheel and all-wheel drivetrain options, the latter being ideal for drivers who live in cold, snowy climates or who anticipate driving on unpaved surfaces frequently.
Best Discounts on Cars for College Students and Grads
Plus, CR-V has an impressive safety lineup, including many features not found in comparably priced models, such as lane-keeping assistance, adaptive cruise control, and lane departure warnings. Thousands of reliable CR-Vs from the late s and early s remain on the road, many in decent condition. Once the niche vehicle of choice for the environmentally conscious, the Toyota Prius is now a thriving family of small gas-electric hybrid sedans and hatchbacks. The Prius family also has a slew of impressive safety features, including a blind spot monitor, rain-sensing windshield wipers, and an integrated backup camera.
Keep in mind, however, that though the Prius lineage stretches back before the start of the millennium, older Priuses are not very plentiful and may have significant reliability issues. Many other affordable, reliable, reasonably safe options are worthy of your consideration. Ultimately, your choice will come down to your unique needs, preferences, and personality.
If you have a relatively simple tax situation - for example, if In recent years, it's taken me much longer than I'd like to complete my tax return. That's because I've taken it upon myself to evaluate But sorting through the best offers can be tricky.
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At Money Crashers, we Advertiser Disclosure X Advertiser Disclosure: Date September 13, Become a Money Crasher! Still, many students prefer owning a car. Efficiency Ratings The price of gas fluctuates over time. To qualify for the rebate, you'll need to meet the following graduation, employment, insurance and credit criteria requirements. To take advantage of the program, you must meet one of the following:.
When submitting credit application, show proof of present employment or future employment with a start date within days of your purchase contract date. Note that TFS must deem your income sufficient to cover living expenses and vehicle payments. To apply for credit online, visit https: For more information, contact your Toyota dealer. To find a Toyota dealer near you, visit https: For more information about this rebate, please see here: 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. In all cases, the student will have two calendar years from receipt of their degree to take advantage of the program.