Some Automakers Offer Incentives to New College Grads

June 18, 2007 (KABC-TV) (KABC) -- This is the season that automakers offer special incentives to recent college graduates, but these special programs are rarely advertised.

Most of these graduate incentives are not well-known. Even some of the newer sales people don't know about them. But if you are a recent graduate or even a college student and you're in the market for a new vehicle, don't be afraid to ask.

Graduation season is a time when all of the years of hard work pay off with a diploma.

But now there is another pay off for graduating from college, a special rebate for buying a new car or truck.

"They're obviously trying to get new car owners into the dealership so they can sell to those at the entry level," Josh Evans, CarsDirect.com VP, said.

Evans says these new incentives for college graduates, and in some cases for college students, are rarely advertised.

College student Eddie Alesana is set to graduate next year and says he will buy a new car. However, he didn't know there were cash incentives for recent graduates.

Not every car manufacturer is offering such deals, but many do. One manufacturer that does is Ford, and their's is not just for graduates but anyone going to college or even a trade school.

"Ford offers a rebate for college graduates and for those in the last six months of school. Also, for those in trade school. It's a $500 incentive," Brian Asciak, Pacific Ford Sales Manger, said.

Nissan also gives $500 back but only to graduates. Toyota's incentive is only for graduates too but it's for $400. Still it's available even on the very popular Scion.

"Specifically with Toyota you have to have proof verifying graduation. Every car manufacturer has slightly different rules. That's what it normally is," Evans said.

There are several other automakers offering college grads incentives, but not all deals are the same. Some offer low rates on leases or they offer deferred payments, so make sure you ask the salesperson.

Get more News »

• Email
• Print
• Report a typo
•