I am a recent grad (Dec 05) and hope I can give some advice. I did buy a fully loaded TCH at MSRP. I bought it because I needed a car. I was still using my parent's 1995 mini-van, I didn't have a car of my own. I looked around at all different cars from about 6 months before graduation until I test drove the TCH. I looked at everything in the mid-size family. I decided on the TCH because I liked the Camry to begin with and loved the idea of getting a hybrid. I can't tell you how excited I was when I found out Toyota would be releasing the TCH right around the time i was looking to buy a car! Note here though, I was already looking to buy. You have a car that is only a couple of years old, you dont *need* a car. Also, i had graduated and had been working for about 6 months before I purchased the car. Granted, that didn't give too much time to really establish my finances but I had a pretty good idea of how much cash I would have and that I could survive after paying the car bill each month.

Basically, my recommendation is to wait. Wait until you have graduated and you really know how much money you are bringing in. There are also all sorts of costs that a new grad has that we dont expect (little things for the new apartment mostly). You have a good car now, wait a little bit to establish yourself before you make any big purchases. I know its hard (trust me, it wasn't much fun driving a 11 year old minivan to my new job!), but you'll be glad you waited in the end.

Also, the new-grad discount that Scooters mentioned only applies if you finance with Toyota. My bank offered a better interest rate so it wasn't worthwhile to finance with toyota even with the $400 off. Check out what rates you can get before going to the dealership.