In This Article...
Our Passion
Thanks to our various financing and leasing options, voluntary protection programs, and comprehensive auto insurance selections, Toyota Financial Services enables millions of Toyota customers to drive the car of their dreams. We have built solid ties with our clients and dealers over the years, and these relationships motivate us to continuously strive for consistency, convenience, and quality. Delivering great customer service that matches the exceptional quality of Toyota cars is one of our top priorities.
Our Background
In Denver, Colorado, in 1983, a credit agreement for a pre-owned Toyota Corolla was approved, and that was where it all began. From that point forward, Toyota Financial Services expanded from a tiny business with just eight employees to a company with over 3,000 employees across the country and over $115 billion in managed assets. As a result, we rank among the biggest global providers of vehicle financing.
The marketing of the goods from Toyota Motor Credit Corporation (TMCC) and Toyota Motor Insurance Services is done under the umbrella brand Toyota Financial Services (TFS) (TMIS). TFS offers numerous financial services to authorized Toyota and Lexus dealers, affiliates, and their clients in the majority of the United States in addition to financing, leasing, and protection plans.
Visit the Toyota USA Newsroom for the most recent information about TFS and our connected Toyota companies.
Our Commitment to Fair Lending
At Toyota, we are motivated by the idea of treating people with respect in all we do. Toyota Financial Services recognizes its need to uphold all applicable fair lending rules and regulations, and we do so with a dedication that includes respect for people. Toyota Financial Services is committed to treating all credit applicants and customers fairly in our lending and servicing procedures, and we abide by the text and the spirit of the Equal Credit Opportunity Act and other fair lending legislation.
Service Mark
Toyota Motor Credit Corporation (TMCC), Toyota Motor Insurance Services, Inc. and its affiliates, and Toyota Credit de Puerto Rico Corp. all use the service mark Toyota Financial Services. Toyota Lease Trust’s designated attorney-in-fact and servicer is TMCC. (NMLS ID # 8027) Toyota Motor Credit Corporation
Who is Toyota’s lienholder?
The lienholder Toyota Motor Credit Corporation can be reached at P.O. Box 105386 in Atlanta, Georgia, at (404) 348-0386. Therefore, if you require the Toyota Motor Credit Corporation’s official lienholder mailing address, you must use the following: P. O. Box 105386 / Atlanta / Georgia GA 30348.
Are Lexus Financial and Toyota Financial the same thing?
The finance brand for Lexus in the US is Lexus Financial Services (LFS), which provides retail auto financing and leasing via affiliated dealers, Toyota Motor Credit Corporation (TMCC), and Toyota Lease Trust. Through affiliated companies of Toyota Motor Insurance Services (TMIS) and partner dealers, LFS additionally provides vehicle and payment protection products.
Is there a penalty for early payoff with Toyota Financial?
A closer look at auto loans from Toyota Financial Services The dealer determines your APR. You can pay off your loan early without paying a penalty because simple interest contracts don’t have prepayment penalties. Subject to applicable state laws, TFS levies late fees.
Do titles exist at Toyota Financial?
Normally, Toyota Financial will send you your title in the mail or online through a secure email. Hold on then! You should expect to receive the title to your car 15 to 30 days after your payment has been processed.
How can I determine my auto payoff?
It is easy to obtain the payout estimate. You have three options for getting in touch with your lender: over the phone, in person, or online. You must wait for the written response to arrive in the mail if you contact your lender by phone.
Can I settle my loan for a Toyota vehicle online?
Wallet Online A one-time or recurring payment can be planned. You’ll need your whole bank account number, including your bank’s routing number, in order to make an online payment. To enter your bank details, simply log into your TFS Account and go to Account Settings.
What does Toyota Financial consider a decent credit score?
If your credit score is in the range of 650 or higher, Toyota financing is very simple to obtain. However, they will accept credit scores as low as 610, where your interest rates will be very high, and it is challenging to obtain when the customer’s credit history is poor or does not provide much information.
What financial institution does Toyota employ?
The finance brand for Toyota in the US is Toyota Financial Services (TFS), which provides retail vehicle financing and leasing via affiliated dealers, Toyota Motor Credit Corporation (TMCC), and Toyota Lease Trust. Additionally, TFS provides vehicle and payment protection solutions via affiliated companies of Toyota Motor Insurance Services (TMIS) and participating dealers.
What is a lien?
A lien is a claim made on property to guarantee that a debt is paid. When you borrow money to buy a car, the lender registers a lien with the state so that they can seize the vehicle if you can’t make payments on the loan. The lender grants a release of the lien following complete payment of the loan.
How to Obtain a Lien Release
- Return the entire loan sum to the lender, together with any accrued interest, to fulfill the terms of the loan. According to Industry Guidance published by the Department, the lender is required to sign a release of the security interest and mail or deliver it to the owner within three business days after the payment’s clearing. Additionally, the lender will let the Department of Motor Vehicles (DMV) know that the loan has been fully repaid.
- Request proof that the debt has been paid off from your lender if you don’t get the lien release. Either the DMV or the lender can receive this request.
- Verify that any liens are lifted from the title of the vehicle and that the DMV has received the loan satisfaction documentation by visiting or contacting them. At this point, you will get or be awarded a new title.
- A copy of the title for the car whose lien release you are pursuing may be required in order to acquire one. You will need to ask the DMV for a replacement if the Title has been lost.