NEW CAR SPECIALS FOR GRADUATES FROM COLLEGE The process of purchasing a car might be frightening, especially if you are about to graduate from college (or youve recently done so).
Several years ago, when I went automobile shopping, my pathetic little Saturn had served its purpose and it was time to upgrade to something with a bit more style (and safety).
I never want to pay too much for anything, so I went straight to my computer and started looking for vehicle offers for college graduates that would enable me to get an save money and keep my monthly payments down .
I was first acquainted to the programs listed below at that time.
The bother of obtaining a co-signer or having to pay higher interest rates may be avoided by taking advantage of these unique offers, even though the conditions may change and some models might not be eligible.
For college grads (within two years of completing a two-year or four-year college) or those who have fewer than six months till graduation, GM (Chevrolet, Buick, GMC, and Cadillac) offers some fantastic car prices.
Although there is a large number of models to pick from, some select models are not offered under this program.
Upon entering the website, you have the option of reading about the GM College Discount policies or going straight to the build and price option.
You can find the location of the desired car when you are there. Simply print your authorization code (valid for up to six months) and provide it to the dealer after completing the process. The discounted purchase price will then be given to you, and you may also be qualified for special financing.
DRIVES U FORD Students who participate in Ford’s college discount program receive $500 as opposed to a special discounted pricing. The website claims that all full-time and part-time students (including those attending two-year, four-year, graduate, and trade schools) as well as recent college graduates are eligible for this offer.
In order to qualify for the reimbursement, be sure your institution is accredited!
You can apply for your $500 refund online, or you can visit your nearby Ford dealership and present identification proving your status as a student.
Additionally, some Lincoln models are available for purchase at this rate!
In comparison to the Ford and GM rebates, the VW discount operates a little differently.
Instead of giving you a predetermined rebate, the Volkswagen discount covers your first month’s automobile payment (up to a maximum of $800).
Furthermore, you don’t require a co-signer and you don’t need to have a track record of good credit.
It should be mentioned that you must have a full-time employment or a letter stating that you will be hired and beginning work on a specified date from a prospective company.
You wouldn’t want to be stuck paying for a car that you couldn’t afford after a few months, so even though this extra restriction may seem a little excessive, it makes sense.
To qualify for this reimbursement, you must present both proof of employment and your college degree (or a transcript showing your planned graduation date).
Program for Lexus College Graduates I’ll be honest and say that I’ve never heard of the Lexus automobile discount program for recent grads because, given my income as a social services worker, I could definitely never buy one (its almost laughable sometimes).
After a little more research, I discovered that Lexus additionally wants college graduates to provide proof of job or future employment that will start no later than 120 days from now.
Unlike the other schemes, Lexus offers a few ways to take advantage of the discount:
Graduating students have the option to choose a new CT200h or IS250/IS350 Sedan for $1,000. (models subject to change) Offers and prices that are competitive for other new and used models the option to postpone payments for the initial 90 days Any interested consumers should visit their local Lexus store to learn more about the offers and how the recent college graduate car prices differ from standard rates because the terms are not clearly described on the website.
To be eligible for the special incentives under Mazda’s college graduate discount program, you must have graduated within the last two years or be expecting to do so within the next six months.
The actual rebate and/or discount amount is hazy after these specifics because the website advises you to check with your local dealer.
I looked into a few Mazda dealers and discovered that some just offered an upfront rebate (such as $250 on the cost of a new car) while others offered lower APR rates.
If you have your heart set on purchasing a Mazda, be sure to go over all the specifics with your neighborhood dealer and conduct some independent research. Perhaps you should even print down some of the discounts and interest rates that other dealers are offering, then show them to the salesperson or management. Car salespeople are likely to match one of the other offers you saw because they are so anxious to meet figures and close deals (especially at the end of the month).
When I was selecting which automobile to purchase, I also performed extensive study on Kia.
Since I was looking for a car in 2012, the discount and the entire college graduate program have altered somewhat, but that’s not necessarily a bad thing.
According to the prerequisites in the aforementioned programs, recent graduates or those who will graduate shortly are qualified for:
A $400 discount a free FICO rating every three months Payments deferred for up to 90 days (credit pending) Another program that requests evidence of current or upcoming employment is this one (by this point, you can see that this is pretty standard as I said before, its always best to wait until you have secured employment before you go out and buy a new vehicle ).
HYUNDAI Since they are identical, there is no need to enter anything out again if you have already read the Kia and Hyundai details.
SUBARU COLLEGE GRAD PROGRAM NISSAN
Nissan approaches the discount in a manner similar to GM.
College graduates are given preferential pricing rather than being given a certain upfront rebate amount. You still qualify for national rebates and incentives, so don’t worry (as is true for all of the other programs mentioned).
The Nissan College Grad Program also offers a 90-day first payment deferral, but to qualify, you must still make enough money to pay for both your living expenses and the car payment you would have made if you had bought a car from a dealer.
I’ll spare you time and just list some of the key similarities and distinctions between Acura’s college graduate program and those offered by the other companies:
$500 back 5% down payment required never had a credit problem You will still need to give evidence that you have a job or will have one soon, as well as confirmation that you graduated from college (you can easily find a transcript online or photocopy your degree to demonstrate that you have met this requirement).
View the Acura specifications above.
Toyota provides a $750 incentive to all qualified customers (same requirements as above in regards to graduation time and employment).
The primary aspect of this program that I want to draw attention to is the fact that only the Camry, Corolla, Prius c, RAV4, Tacoma, and Yaris are currently eligible.
It never hurts to haggle with the auto salesman if you are considering other models to see if they can come up with a solution to make up for your inability to receive the $750 refund (though keep in mind that you may not be eligible for deferred payments or special financing rates).
I meet the requirements; now explain the car-buying process to me!
If there’s one thing I detest, it’s being bugged by salespeople who believe they know what you want.
I am aware that I don’t appear imposing; some individuals may assume that I am a pushover due to my diminutive stature.
I was aware that I had to put on a brave face and hold my ground no matter how aggressive they became with me if I wanted anyone to take me seriously.
Do your study is the most crucial piece of advise I can provide to anyone considering purchasing a car!
Even though I’m far from an expert in the field of car shopping, I can share some of my own advice with you:
Know the average price of a car before visiting the dealership (you can easily view inventory online and then use one of the free tools to estimate a fair purchase price) Learn about the latest discounts and offers (make sure these are included IN ADDITION to the college discounts you should be receiving) Don’t purchase any coverage or add-on packages. Say no to everything the finance guy gives you, I mean it. Don’t buy the automobile right away; instead, visit a few dealers and give the salesperson room to work. They might call you and present you with a better deal! Try doing your shopping near the end of the month because that is when dealers are under the most pressure and will be more willing to work with you (don’t forget to bring those strong negotiating talents to the table!). Bring a knowledgeable auto expert with you. In the end, only you can choose which curriculum best suits your requirements. To ensure that you only experience success and not stress when you eventually get in your new vehicle, I strongly advise you to consider ALL of your options before making a selection. When you’re ready to compare the cheapest auto insurance rates, visit Consumer Insurance Report to cover your new vehicle.
Enjoy your shopping!