Deals for 2016 College Graduates
May 19, 2016
It's that time of year when college students are getting ready for graduation, and good news - most car manufacturers offer special deals for these recent graduates.
TrueCar put together a comprehensive list of all the incentives available this year, broken down by manufacturer. Deals include cash rebates, low down payments, flexible leasing – and financing offers that may include relaxed credit requirements, discounted percentage rates, no requirements for a co-signer, waived security deposits (on leases), and even deferred payments on their new car purchases.
As always, if you're shopping for a new car right now, I recommend you use TrueCar and Edmunds Price Promise to quickly see what kind of deals are being offered in your area.
| Brand | Terms and Additional Info |
|---|---|
| Acura | Special financing offers, 5% down payment, $500 purchase discount, deferred payments |
| Audi | Audi's program does not require a credit history or a co-signer and offers competitive rates to those who qualify, as well as no security deposits on a new lease |
| BMW | $1,000 new car incentive, $1,500 pre-owned incentive, plus BMW's best available financing rates |
| Buick | 90-days deferred payments, with variable finance rates and cash vehicle discounts up to $1,750 on select vehicles |
| Chevrolet | 90-days deferred payments, with variable finance rates and cash vehicle discounts up to $4,000 on select vehicles |
| Ford | $500 student bonus in addition to national Ford incentives on select vehicles |
| GMC | 90-days deferred payments, with variable finance rates and cash vehicle discounts up to $3,500 on select vehicles |
| Honda | 5% down payment, $500 College Graduate Bonus on any new 2015 or 2016 model year Honda automobile when you finance or lease with Honda Financial Services |
| Hyundai | Up to $500 in down payment matching through BoostUp.com, plus $400 college bonus toward a new 2016 or 2017 Hyundai when purchased or leased through Hyundai Motor Finance |
| Infiniti | Infiniti's Signature Graduate program offers low annual percentage rates and special leasing terms, as well as delayed first payments on a purchase of a new or pre-owned Infiniti |
| Kia | Up to $400 college bonus toward the purchase or lease of a new 2015 or 2016 Kia |
| Lincoln | $500 student bonus in addition to national Lincoln incentives on select vehicles |
| Mazda | Flexible financing options available with the finance or lease of a new Mazda through the Mazda Capital Services program |
| Mini | $500 when leasing or buying a new certified pre-owned Mini through Mini Financial Services |
| Nissan | Flexible financing options and a variety of incentives available with the finance or lease of select Nissan vehicles |
| Scion | $750 College Rebate on the purchase or lease of any new Scion, waived security deposit on leases, special finance rates, and 90-day deferral on first payment to qualified buyers on select finance programs through a Toyota/Scion dealer and Toyota Financial Services |
| Subaru | Flexible financing options and a variety of incentives available with the finance or lease of a new Subaru vehicle |
| Toyota | $750 College Rebate on the purchase or lease of any new Toyota, waived security deposit on leases, special finance rates, and 90-day deferral on first payment to qualified buyers on select finance programs through a Toyota dealer and Toyota Financial Services |
| Volkswagen | $500 Contract Bonus when purchasing or leasing select new Volkswagen vehicles through Volkswagen Credit |
My Recommendation for Car Shoppers
TrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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