Deals for 2016 College Graduates
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.
|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|
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid