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College Rebate Programs

Posted on 26 August 2008

With school loans, rent and other bills to pay just when you’ve started to earn real money, you may be wary of affording a new car. However, if you need a new set of wheels, now is one of the best times to approach car companies because many offer special deals that are only available to recent grads.

The most eye-catching deals are rebates — they offer an immediate cash discount on your purchase. Ford, GM, Hyundai and Mazda offer a generous $400 rebate on a variety of vehicles. To take advantage of these deals, you need only to have graduated from an undergraduate or graduate program within the last couple of years.

Not all dealerships offer these rebates or incentives, however, so once you’ve narrowed down your model choices, it’s a good idea to log on to a car manufacturer’s home page to find your nearest participating dealer. Once you find a dealer, you must be able to prove that you are a graduate (or soon–to–be graduate) of an accredited program (a copy of your diploma or transcript should suffice).

The next step is to consider your various financing options and determine if you qualify. Some car manufacturers, for example, offer financing and leasing eligibility to those who have graduated within 120 days of purchase or can prove they can still swing a car payment after rent, student loans, etc.

Finally, consider the benefits of a “no down payment” offer. Combined with a rebate, this option can free up some cash and make those first couple of monthly payments easier.

If you’re still confused, cars4grads.com is a great website that has compiled information on all the college rebate programs offered by car companies.

Remember, don’t be intimidated — car companies want your business and are eager to make your first purchase a pleasant experience. Just think carefully about what you can afford and you’ll soon be driving off in that dream car with your financial security still intact!

Cars4Grads.com

Cars4grads.com is a service created just for graduates and makes the process of searching for car rebates and special offers fast and painless. It’s like a personal search engine for the various rebate programs available to college graduates and, best of all, it’s free.

If you are about to graduate or have recently graduated and are thinking about buying a new car, you may be eligible to receive up to $750 in cash rebates, just for being a college grad! However, figuring out which car manufacturers have these offers and other discounts can be a time consuming and tedious process.

All you have to do is tell cars4grads.com a little bit about yourself and the cars you’re interested in, and they’ll match you up with deals that you’re eligible for. The process only takes a few minutes and you could save a lot of money.

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