Toyota is a Japanese automotive manufacturer that has grown in popularity here in the United States.
Toyota has grown so much that it is the largest automobile manufacturer in the world, and sixth-largest company of any type based on revenue.
The automaker produces more than 10 million vehicles per year. It is also a leader in design and production of hybrid electric cars as the industry turns more toward eco-friendly options.
Is there a Toyota military discount?
Yes! Toyota gives U.S. military personnel a special $500 rebate on the purchase or lease of a new Toyota car or truck.
Continue reading the article to learn how you can get a $500 rebate on your next automobile, and the steps you need to take to receive the select offer.
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Toyota Military Discount – Save $500
Toyota advertises that “for everything you give, we want to give back”.
So despite Toyota being a Japanese manufacturer they are happy to support its high consumer base here in the United States.
The Toyota Military Rebate Program will grant active-duty personnel as well as retirees, veterans, and eligible dependents with a special $500 rebate.*
The rebate is good toward any new Toyota vehicle purchased or leased through a local dealer and Toyota Financial Services.
What is more is the Toyota military discount can also get combined with other special offers!
In order to receive more details about the Toyota military discount it is recommended that you visit or contact a local dealership.
*The current terms and conditions states that the $500 rebate is not available in Alabama, Florida, Georgia, Hawaii, North Carolina, and South Carolina.
How to Get the $500 Toyota Military Rebate
Who doesn’t want to pocket $500 off their next Toyota car or truck? It is not difficult to receive the Toyota military discount:
- Step 1: Shop Toyota.com, or visit a local dealership. You can find the nearest dealer by visiting the following web page. Before you move forward with the purchase or lease make sure the local Toyota dealership honors the $500 military rebate.
- Step 2: Provide proof of military status at the time of purchase. Toyota will accept a Leave and Earning Statement, or military ID card or DD Form 214, Certificate of Release or Discharge from Active Duty.
- Step 3: Receive a qualifying salary.
- Step 4: Receive credit approval from Toyota Financial Services.
Your local dealer can help you walk through all the steps of approval.
The most important thing is to make sure you don’t forget military identification.
Toyota can take care of the rest from there!
Related Article: 10 Car Insurance Companies Offering Military Discounts (and 8 that don’t)
Who Qualifies for the Toyota Military Discount?
The $500 military rebate from Toyota is available to active duty military personnel of every branch of the Armed Forces (Air Force, Army, Coast Guard, Marine Corps, National Guard, and Navy).
Additionally military retirees and veterans are able to receive the Toyota military discount.
However, military veterans must be within two years of date of discharge in order to get a $500 rebate.
Finally, the military discount is applicable to household members of eligible U.S. military personnel.
Gold Star military families are also eligible.
In addition to military qualifications, you also need to prove a salary that is sufficient to cover ordinary living expenses as well as payment of a new vehicle.
The Toyota Financial Services will determine eligibility in that regard.
The $500 military rebate is good toward any Toyota full purchase or lease. However, Toyota reports that the current offer will expire September 30, 2019.
It is possible that Toyota will continue the special offer for U.S. Military after that date, but we don’t know for sure yet.
So it’s best to make a move now before time is too late!
Toyota Financial Services
Toyota Financial Services is responsible for determining if you are eligible for a new car loan or lease. The credit service checks eligibility in two ways:
- Prove you have a salary that is capable of covering general living expenses while also affording the monthly car payment.
- Prove you have a good enough credit history to receive a new car loan.
Toyota Financial Services notes that not all applicants will qualify.
The $500 rebate on new car leases is applied toward the Amount Due at Lease Signing or Capitalized Cost Reduction. The $500 rebate is applied toward the Down Payment for car loans.
NOTE: The Toyota military discount is not applicable with the College Graduate Rebate Program or iFi Program. It is also not compatible with the Lease-End Re Program. However, it may be combined with other special offers from Toyota.
FAQ – Toyota Military Discount
Toyota has sold more than 10 million Lexus hybrid and Toyota cars. Its Prius family is also the world’s biggest top selling hybrid car.
You can learn more about the Toyota military discount, including frequently asked questions, below…
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What types of Toyota makes and models can I use the $500 rebate toward?
Toyota does not specify if it has any restrictions on what types of new or slightly used models the $500 rebate is applicable toward, unlike General Motors which requires the make and model to be 2018 or newer.
Therefore, we assume the Toyota military discount is applicable to any car or truck on the lot.
However, to make sure the vehicle is eligible for the military offer we recommend confirming it with your local dealer.
How do I prove military service to Toyota?
Toyota presents active duty military, retirees, and veterans* with three options to prove military identity and status:
- Military ID card
- Leave and Earning Statement
- DD Form 214, Certificate of Release or Discharge from Active Duty
Eligible family members of military personnel can provide the same information to a Toyota dealer
*The Toyota military discount is only eligible to U.S. military veterans within two years from the date of discharge. Veterans that have been discharged from the military for more than two years are not eligible for the $500 rebate.
Related Article – Xfinity Veteran Discount: $100 Reward For Your Service
How does the Toyota military discount compare to other automakers?
General Motors has its own military discount. The GM military discount will save you on the MSRP.
However, the amount of savings is variable and depends on the make and model.
Consumers are also limited to purchasing 2018 or newer GMC’s, Chevrolet’s, and Buick’s.
The Ford military discount is very comparable to the rebate offered through Toyota.
Military personnel and first responders are offered up to $500 off their next car or truck.
Lincoln makes and models also qualify for the Ford military discount.
Conclusion
The Toyota military discount is a really good offer that awards active duty personnel, retirees, veterans (within 2 years of discharge), and eligible family members with a $500 rebate on a new purchase or lease.
However, the current offer expires on September 30, 2019 so you will want to hurry!
You need to prove both military status as well as qualify for new credit and salary expectations.
Born and raised in Woodbridge, NJ, he graduated from the New Jersey Institute Of Technology with an MBA in eCommerce.His hobbies include beach volleyball, target shooting, and lifting.
Rob is also a Commercially rated pilot and Certified Flight Instructor (CFI), with over 1,500 hours of flight time.
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Originally posted on August 29, 2019 @ 1:02 am
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