Chomedey Toyota

Toyota Graduate Program

Eligible Vehicles

All new and unregistered Yaris, Yaris Hatchback, Corolla, Matrix, RAV4 and Tacoma models (including TCI demonstrators of these models only), and Toyota Certified Used Vehicles delivered by an authorized Toyota dealer.

Toyota Graduate Program Allowance is in addition to any consumer retail incentives that may be available from Toyota Canada at the time of delivery.

Vehicle must be registered in the name of the applicant.

Only one Graduate Allowance may be applied per vehicle.

Applications must be submitted within 30 days of vehicle delivery to the customer to be eligible for the Graduate Allowance.

Graduate Eligibility

Must be within four months of graduation, or have graduated within the last four years, from an accredited Canadian university or college.

The four-year eligibility period will be measured from the date shown on the graduate's diploma. Applications outside the specific forty-eight month period cannot be accepted.

Minimum Requirements

Eligible Schools*

Eligible Degree**

Minimum Length 

University

Bachelor***

3 years

College of Applied Arts and Technology (outside Quebec)

Diploma**

2 years

Cegep (Quebec)

Diploma of College
Studies in technique**

3 years

*Registered Private Vocational Schools are not eligible
**Certificates/Attestations are not eligible
***Post-graduate degrees (Masters, PHd, etc...) are not eligible

Graduates from non-Canadian schools may qualify … however, the applicant may be required to provide proof that the school is accredited through the applicable foreign governing body.

Each graduate is only eligible to receive the Graduate Allowance one time under this program.

Allowance Amounts

Effective June 5, 2008

Vehicle Type

Allowance

2008/2009 TACOMA

$1,000

2007/2008 YARIS

$500

2007/2008 YARIS HATCHBACK

$500

2008/2009 COROLLA

$500

2008/2009 MATRIX

$500

2007/2008 RAV4

$500

TOYOTA CERTIFIED USED VEHICLES

$500

Required Documentation

Copy of diploma, or letter from Registrar's Office confirming graduation within the next four months.

Copy of Vehicle Purchase or Lease Agreement.

If graduate's name on diploma is different from name of applicant, documentation of the name change is required.

If student graduated from a non-Canadian school, proof of school's accreditation from applicable foreign governing body may be required.

Procedure

The Dealership is responsible to ascertain that the applicant meets the required terms and conditions before an Allowance Application Form is submitted.

Upon acceptance of the application, the Dealership will be faxed the form indicating approval. If the application does not meet the program's terms and conditions, a letter will be faxed
to the Dealership indicating "Application Ineligible".

Payment Procedure

Applicants have two payment options:

» Option A - receiving payment directly from Toyota Canada Inc.
» Option B - assigning payment to the Dealership

If Option A is selected, a cheque will be mailed directly to the applicant from Toyota Canada Inc.

If Option B is selected, a cheque will be issued directly to the Toyota Dealership from Toyota Canada Inc.

TFS Leasing and Financing

Toyota Financial Services offers advantageous financing and leasing terms, including a graduated payment feature on retail loans (not available in Quebec), for qualified graduates. Approval of the Graduate Program Allowance from Toyota Canada Inc. does not automatically include TFS approval of a lease or finance contract. Please contact your Toyota Financial Services Branch Office for details of the criteria and procedure for TFS approval.

Toyota Graduate Program may not be combined with the Encore Program