Yo, so my dealer told me today that i'm not entitled the $400 back on the car because i'm paying "cash" (wire transfer all at once). He says that they only give that if you have a) perfect credit, b) just graduated and c) are financing the car.

anyone else have any input? any dealers have anything to say?

 

i got the 400 dollar off for writing a big check. there was no problem or anything. i needed to show them the diploma but didn't have time so they stop bugging me and "trust" me.

 

I believe you have to finance the car through Toyota. sorry

 

they wouldnt give me $400 dollars off said u had to finance...

 

According to the Scion.com site this is a *financing rebate* so if you don't finance through
Toyota Finance it isn't supposed to happen...

Here's the text from Scion...

__________________

If you are you a recent college graduate or are about to graduate college, you could qualify for
a $400 rebate towards the purchase of a new Scion just for receiving that hard-earned
diploma!*

The Scion Solutions College Graduate Finance Program offers the following benefits:*
* $400 toward the purchase of a new Scion to qualifying graduates*
* No money down and no monthly payments for 90 days**
* Complimentary Roadside Assistance for one year

To qualify for the Scion Solutions College Graduate Finance Program, you must meet the
following criteria:

Graduation
* Proof that you have graduated from an accredited four-year college, university, or
registered nursing degree program during the last two years or will graduate from such a
school/ program within the next six months, or
* Proof that you have graduated from an accredited two-year college during the last two
years, or
* Proof that you are enrolled in an accredited graduate degree program or have received a
degree from an accredited graduate degree program during the last two years.

Job
* Show proof of future employment, with a start date within 120 days of your purchase.
Toyota Financial Services (TFS) must deem your salary sufficient to cover living expenses and
vehicle payments.

Insurance
* Bring proof of collision insurance, as required by TFS. See your dealer for details.

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.

Other Restrictions Apply. See your dealer for details.


__________


* Rebate offered by Toyota Motor Sales, U.S.A., Inc. On finance contracts, rebate will be applied toward the down payment. One rebate per retail transaction. Finance contract must
be dated between April 1, 2005 and March 31, 2006. Only available on new untitled Scion
models. The College Graduate Rebate Program is subject to change or termination at any time.
** Available on approved credit to qualified customers financing the purchase of new untitled
Scion models through participating Scion dealers and Toyota Financial Services. Some
restrictions apply. Program may not be available in all states. First payment may be deferred
for ninety-days; finance charges accrue from contract date. Deferred payment not available in
Pennsylvania.

Program not available in Alabama, Florida, Hawaii, Georgia, North Carolina and South Carolina.
In all of those states other than Hawaii, similar program may be available through participating
Scion dealers and World Omni Financial Corp.
__________________

Search around the Scion.com site most of you questions about the cars, the deals, the financing, and many other things are answered there, in writing, straight from the source...

 

Where on Scion.com did you find this? I'm not denying you found it on Scion.com, just curious where. I just called my dealer and asked him about it and he said the 400 back is only for toyota models...NOT scion..yet in that text you pasted there, it clearly states that it is for a Scion.

 

You prolly talked to a salseman that does both Toyota and Scion so they usually mix things up. You don't need perfect credit just no adverse credit, so even someone with ghost credit would qualify. and yes you gotta finance through TFS, they gotta make some money back, the mark up on Scions is very small.

 

The area under scion.com that show this. Go to Finance Programs/Buying, you will see Graduate program. Click on that.

 

I wonder if there is a restriction on how soon you can pay off the loan if you get the rebate.

 

nope, nerver any penalty for paying off early, its a simple intest loan, you only pay intrest on the amount of time the loan occurs it.

 

Scion.com
__OWN
____Financial Programs
______Buying
________Scion Solutions College Graduate Finance Program

Follow that path and you will be right there with the text I quoted...

 

I love how they expect recent college grads to have perfect credit.

 

I just ordered one last week and they told me if i was about to graduate to go through toyota to get a 400 discount.

 

Thats true, but you also have to have no adverse credit, and they will also delay the first payment 90 days