Edmunds.com reports that Toyota is the latest to expand its military rebate program to include retirees and veterans within a year of their honorable discharge and household members of eligible qualifying military personnel, the automaker said on Wednesday.
The Toyota program offers a $500 rebate on all new Toyota and Scion vehicles and a $750 rebate on all new and Certified Pre-Owned Lexus vehicles. It runs through January 5, 2015.
Ford and GM, among others, offer similar programs...
With Toyota, participants must provide verifiable proof of military status or active service at the time of purchase. They must also receive a qualifying salary and receive credit approval by Toyota Financial Services or Lexus Financial Services through a Toyota, Scion or Lexus dealer.
"When service members come into the dealership, you really want to do everything you can to help them drive away in that car or truck they want," said Danny Renshaw, owner of Toyota of Hopkinsville near Fort Campbell, Kentucky, in a statement. "With Toyota's Military Rebate Program, we have a way to do just that."
The GM military discount program runs through June 30. Active duty members, reserves, all veterans and retirees, including their spouses, are qualified to receive the GM Military Discount on eligible new Chevrolet, Buick, GMC and Cadillac vehicles.
Ford is offering $500 in bonus cash to members of the military. The offer is good toward the purchase or lease of a 2013-'15 Ford vehicle. But the offer is not available on the Ford Mustang Shelby GT500, Mustang Boss 302, Focus Electric and F-150 Raptor.
With all of these programs, it's a great way to say "thank you" to the men and women in uniform. But frankly, I'd like to see them double it.