1. Have proof of graduation from an accredited four-year college, university, or registered nursing degree program within the next six months; graduate from an accredited two-year college; or graduated from an accredited graduate program or be enrolled in an accredited graduate degree program. In all cases, you will have two years from receipt of your degree to take advantage of the program;
2. Have proof of graduation from the two-year Toyota Technical Education Network (T-TEN) Program, which is equivalentto a two-year junior college degree (accredited by the NATEF (National Automotive Technicians Education Foundation); or graduate from any other two-year post secondary automotive program accredited by the NATEF. In all cases, you will have two years from receipt of your degree to take advantage of the program;
3. Have proof of completion of an electrician apprenticeship/certification program through the NJATC (National Joint Apprentice and Training Committee) and the IBEW (International Brotherhood of Electrical Workers). The programis five-years in length and involves classroom training and 1500 hours practical training. In all cases, you will have two years from receipt of your certificate to take advantage of the program;
4. Lease or finance the purchase of a new Toyota vehicle (the "Vehicle");
5. Be approved for credit by, and lease or finance the purchase of the Vehicle through, the participating Toyota Dealer identified below and Toyota Financial Services. Only minor credit lapses allowed*;
6. Furnish verifiable proof of present employment or proof of future employment, which will begin within 120 days of purchase with a salary sufficient to cover ordinary living expenses and Vehicle payments on retail installment sales contract or lease.
* All obligations on your credit report must be paid within 60 days or less of the due date and only non-credit related(e.g., rent, utilities, health club membership, etc.) charge-offs less than $250 are acceptable.
If the above qualifications are satisfied and your Vehicle retail installment sales contract or lease agreement (your "Obligation") is dated no later than March 31, 2010, Toyota Motor Sales, U.S.A., Inc. will pay the amount of $1000.00 (the "TMS Payment") toward your Obligation. If your Obligation is a retail installment sales contract, the TMS Payment will be treated as and become part of your down payment. If your Obligation is a lease, the TMS Payment will be applied to the amount due at lease signing or delivery and any remainder to the capitalized cost reduction.
You understand that you will be responsible for any applicable sales and other taxes arising in connection with the TMS Payment.