Home > Ask Gary > I just graduated college, so how can I afford a new car? I need reliable transportation for my new job.

I just graduated college, so how can I afford a new car? I need reliable transportation for my new job.

two gradsCongratulations on your graduation and your new job! What an exciting year for you! Let me first say that new (owned or leased) or pre-owned can both be reliable, and of course, the pre-owned will save you money. Most dealerships that accept trade-ins like Jaffarian Toyota Scion, only keep the best vehicles and the rest are sold at auctions.

Pre-owned–means that it’s been through a thorough check of all systems, it is under warranty and because it saves you money, you may be able to afford an upgraded vehicle. We also detail the pre-owned vehicles so they look like new! If it didn’t pass all of our inspections, it wouldn’t be on the lot. If the pre-owned is under two years old, it still qualifies for the free Toyota Car Care program and believe it or not, if it a certified, pre-owned Toyota, you get a 7 year, 100,000-mile warranty from the first service date.

New or leasedToyota’s Program for recent grads—has been touted by U.S. News and World Report “College Student and Grad Guide to Car Discounts” as the best program for recent college grads or those within a few months of graduation. Up to two years after graduation, you may qualify for Toyota’s special program with a $750 rebate and no payments for 90 days on all new vehicles, leased or purchased (except the hybrids), with no money down and a standard financing rate; or the $750 rebate with special financing rates. Applying for financing has never been easier!

This program is for graduates of colleges of any degree, nursing schools, automotive programs accredited by NATEF or electrician programs accredited by the NJATC or the IBEW.

If you purchase a new Toyota, you automatically get Toyota Car Care which pays for routine maintenance for the next two years, including oil changes and tire rotations, which will also save you money. Plus with a new vehicle, you receive a 3-year/36,000 mile warranty and a 5-year/60,000 mile power train warranty.

Car insurance savings—According to U.S. News and World Report, students still in college can receive discounts of up to 20% on auto insurance if you maintain a B average. Good student discounts usually apply to a specific GPA, for those under 25 are single and in school full-time. If you are in college or a recent grad, compare rates with your current and other auto insurance companies in your state.

militaryMilitary program—As a thank you to those serving in the U.S. Military, Toyota is offering a $500 rebate on all new leased or purchased vehicles.

So whether you’re buying your first vehicle or your first new vehicle—and you recently graduated from college or other accredited program, come see us at Jaffarian Volvo Toyota Scion, and we’ll help you make the most cost-effective decision, given your budget and your situation. Although you asked about buying a new car, I did mention pre-owned as an option. One thing I can promise you is that we never try to sell you a vehicle that you can’t afford or have you end up with a payment that you are not comfortable with. We are here to help you make the best decision to meet your needs and your budget.

Ask Gary Jaffarian

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