Galpin Volvo College Graduation Program
Just graduated? First off — congratulations! As you celebrate this milestone, it’s also the perfect time to start thinking about your next chapter — and that likely includes a reliable set of wheels to get you where your career and new adventures take you. For many recent grads, buying a luxury SUV or a pre-owned luxury car can be challenging without an established credit history. At Galpin Volvo Cars, we understand that a limited credit history doesn’t reflect your responsibility or readiness to own or lease a vehicle. That’s exactly why we offer the Volvo College Graduate Program — designed to help you step into your future with confidence and style.
You’ve worked hard to earn your degree. Now the Volvo college graduate program can make it easy for you to drive a Volvo. With flexible and competitive financing options available for graduates, Volvo Car Financial Services can help you into the world of Volvo. Contact Galpin Volvo Retailer for more information.
What do you need to qualify for the program?
Applicants must meet one of the following requirements to be eligible for the College Graduate Program:
- Graduated with advanced, bachelor’, or associate’s degree from a U.S. accredited college within the past 18 months.
- Will graduate within 90 days and have verifiable employment or offer of employment.
- Currently enrolled in accredited Graduate School Program.
What are the financial requirements?
- Every applicant must have a valid U.S. driver’s license or valid government-issued ID
- Every applicant must meet the legal age requirement to contract
- No current or prior derogatory credit
- Income must be verifiable and only income for the person signing the contract will be used
- Minimum of one satisfactory trade/minimum 24 months in credit file
- Minimum auto industry adjusted FICO 08 score of 600
- Maximum Retail advance of 100% (LTV of 110%)
- Maximum Lease Advance of 100% MSRP (LTV of 110%)
- Minimum 5% down payment (includes trade and rebates)
- Maximum 20% PTI
- Maximum 72 months term
- Individual applicants only; co-applicants are not allowed under the College Graduate Program
What are the Items needed at the dealership?
- Proof of college enrollment status
- Proof of future term enrollment or letter of intent
- Copy of diploma or registrar’s letter of degree earned, or final transcript
- Proof of employment listing annual salary with minimum start date of 90 days from date of contract (POI will be required if no anual salary listed)