Lexus College Grad Program Helps Customers Slip Into Dream Cars

Lexus Offers $750 College Rebate, One of the Top in the Industry

TORRANCE, Calif., May 25 -- Thanks to a comprehensive incentive program, students graduating from college can open the door to a Lexus and drive into their futures in style.

Effective June 1, Lexus will offer eligible college graduates a $750 rebate on any new or Certified Pre-Owned Lexus vehicle. For those customers who elect to finance their vehicles with Lexus Financial Services (LFS), they will also be able to take advantage of several favorable finance options to seal the deal.*

Not only is Lexus one of the few luxury makes to offer a college graduate program, but the company also offers one of the highest rebates of this kind in the industry. In essence, the program is a way for Lexus to encourage and reward those who pursue higher education.

In addition to the rebate, customers can also take advantage of the option to put no money down, a 90-day deferred first payment when financing,** a waived security deposit when leasing and free one-year roadside assistance.

"We are pleased to be able to give something back to our customers in the form of a substantial cash bonus," said Mark Templin, Lexus vice president of marketing. "This is the first time Lexus will offer the cash bonus as part of our college grad program."

To qualify for the LFS College Graduate Finance Plan, a customer must meet four conditions:

   1)  Graduate within the next six months, from an accredited four-year
       college, university, or registered nursing degree program; graduate
       from an accredited two-year college; or be enrolled in an accredited
       graduate degree program.  In all cases, students who apply now are
       eligible to take advantage of the program if they graduated within
       the last two years;

   2)  Furnish verifiable proof of present employment or proof of future
       employment which will begin within 120 days of credit approval with a
       salary sufficient to cover ordinary living expenses and vehicle
       payments;

   3)  Furnish proof of insurability; and

   4)  Have no adverse credit history.

With a few simple pieces of paperwork, and a college degree, that dream car does not have to be so far off.

"The combined rebate and favorable finance options offer new graduates a competitive deal," said Dave Nordstrom, LFS corporate manager of products. "We look at this program as an opportunity to reward new graduates for their accomplishments and welcome them into the Lexus family with this oftentimes first vehicle purchase."

   *  Program is available to qualified customers upon approval of credit.

   ** Not available in Pennsylvania

   About Lexus Financial Services

Lexus Financial Services is the service mark for Toyota Motor Credit Corporation's financial products for Lexus dealers and customers.

Toyota Financial Services is the finance and insurance brand for Toyota in the United States, offering retail auto financing and leasing through participating dealerships and Toyota Motor Credit Corporation (TMCC) and extended service contracts through Toyota Motor Insurance Services (TMIS).

About Lexus

Lexus has become synonymous with luxury since its introduction in 1989. By offering some of the finest quality luxury vehicles and providing benchmark customer service, Lexus has become the top-selling luxury nameplate in the United States for four years in a row. Lexus and its 207 dealers have repeatedly achieved high honors for both the products they sell and the customer service they provide as rated by the independent research firm of J.D. Power and Associates.