Only Solution. You can reach Toyota Financial Services (TFS) directly by phone at 1-800-874-8822, Monday through Friday, 8:00 AM – 8:00 PM, if you have any questions or concerns about your online account, applying for credit, or making a payment (in your local time zone).
In This Article...
Is Toyota the owner of Toyota Financial Services?
Many people don’t use their real names publicly. Norma Jean Mortensen was actually Marilyn Monroe. As Mark Twain, Samuel Langhorne Clemens authored.
Consequently, Toyota Financial Services (TFS) is a service mark and an umbrella brand that is used in the United States to promote the vehicle finance and leasing products of Toyota Motor Credit Corporation (TMCC) and the insurance products of Toyota Motor Insurance Services (TMIS).
2. TFS has existed from the beginning of the 1980s.
The 1980s saw a lot of nice things happen: large hair. shoulder slings The first American woman in space was Sally Ride. Berlin Wall was taken down. And TFS began conducting business in a formal manner.
Incorporated in California in October 1982, Toyota Motor Credit Corporation got going in May 1983. That’s correct; the first TFS team members began earning their living from 9 to 5 jobs in 1983 (another trend that started in the 1980s).
Fun fact: In Denver, Colorado, TFS signed its first credit agreement for a used Corolla.
3. Over 3,200 team members work for TFS across the country.
TFS began with just eight full-time employees but currently employs over 3,300 dedicated team members. A large portion of the full-time staff is devoted to the company’s dealer and customer service operations.
4. Three customer service locations are available.
A total of 1,500 members of the TFS team are dispersed around the nation and are employed in crucial positions in customer service centers (CSCs) in Owings Mills, Maryland; Chandler, Arizona; and Cedar Rapids, Iowa.
5. TFS is generally open for business all the time.
TFS locations are positioned to cover several time zones in an effort to be as accessible to consumers as feasible. TFS is open for business 15 hours a day, from 8 a.m. Eastern to 8 p.m. Pacific.
6. TFS engages in business competition with other lenders.
It is not required for customers to finance their Toyota or Lexus vehicle through TFS only because TFS is a Toyota firm.
TFS has to make recommending and offering its finance and insurance products to customers and dealers a simple and straightforward process. In order to appeal to sophisticated customers, TFS must provide great customer service. Therefore, TFS is quite pleased that…
7. It is the country’s biggest auto lender.
TFS has received the most new vehicle financing contracts out of all financial businesses for seven years running. 4 million finance accounts are now active. Not to mention the more than 8 million active insurance contracts. Because, let’s face it, your excess wear and use protection plan will be useful if you have loud children in the backseat wearing soccer cleats.
8. It is a component of a world network.
Toyota Financial Services Corporation (TFSC), a wholly owned subsidiary of Toyota Motor Corporation (TMC) in Japan, oversees a bigger global network of financial service businesses, including TFS. More than 22 million clients in 30 countries are served by this network.
9. TFS operates a bank.
You might be thinking that TFSB employees are swimming in cash in a bank vault after hours, but that is not the case. TFS, however, does have a bank!
In order to provide our dealers and consumers with more goods and services, TFSB opened in Henderson, Nevada in 2004.
Its primary operation is providing lending and deposit products to TFS National Accounts’ general managers, corporate officers, and dealer principals, as well as to their families. To help consumers earn points they could use at the dealership, TFSB also introduced the Lexus Pursuits Visa and Toyota Rewards Visa.
10. TFS is concerned about people.
Members of the TFS team are very active in their areas. With Boys & Girls Clubs of America (BGCA), it has regional and national connections, and the Girl Scouts and team members are encouraged to take part in volunteer activities all year long. TFS reached a record-breaking 20,000+ documented volunteer hours in the 2019 fiscal year.
TFS has a strong commitment to supporting youth education and has given more than 1,200 students a total of $7.4 million in scholarships through its National Giving initiative. It’s understandable why TFS has consistently been ranked among the top 50 community-minded businesses in the country by the Points of Light Foundation.
I’ll end it there. A good round number is ten. However, you may read more about TFS here, as well as the most recent TFS press releases.
Is Toyota having money problems?
The estimated loss would result in a decline in Toyota operating income of 80% year over year, from $22.7 billion in 2020 to $4.6 billion in 2021. Akio Toyoda, president of Toyota, stated during a press conference that the virus “has caused us a deeper shock than the global financial crisis of 2008.”
How can I repay Toyota Financial?
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. If you haven’t done so previously, create a TFS Account right now.
Where can I send Toyota a letter of complaint?
Welcome to the Toyota complaints section, where you can post your thoughts and observations on the company’s customer support. One of the biggest automakers in the world, Toyota produces well-known cars and trucks around the globe. Sedans like the Camry and Corolla, pickup trucks like the Tundra and Tacoma, and SUVs like the Rav 4 and 4 Runner are examples of popular makes.
You can voice your displeasure with Toyota to the CEO in person at the company’s corporate headquarters. 19001 South Western Ave, Dept. WC11, Torrance, CA 90501 is the address for the US. If you are unhappy with your car, though, you are unlikely to find relief at that place. Customer service for Toyota can be reached at 1-800-331-4331. On weekdays from 5:00am to 6:00pm Pacific Time and on weekends from 7:00am to 4:00pm Pacific Time, a live person is on hand.
On the organization’s official website, there is a list of alternative ways to reach them. The business is engaged on all the major social media platforms. Therefore, feel free to post a comment on their Facebook, Twitter, Instagram, or YouTube company pages if you have a concern.
Who is the Toyota CEO?
The 2021 World Car Person of the Year is Toyota Motor Corporation (TMC) President and CEO Akio Toyoda.
The World Car Awards jury, comprised of more than 90 eminent worldwide journalists, presented the honor.
According to the World Car Awards, “The charismatic CEO and President of Toyota Motor Corporation, Akio Toyoda, has spent years effectively reinventing his business. Under his direction, Toyota maintained profitability in 2020 despite COVID-19, safeguarding jobs all around the world. In the Connected, Autonomous, Shared and Electric (CASE) age, he has continued Toyota’s steady pace of progress and started building the Woven Metropolis, an exciting, real-world prototype city of the future. All the while being a driver who is actively involved in racing.
President Toyoda said on the World Car Awards “Thank you very much for this wonderful honor on behalf of the 360,000 Toyota Team members that make up the company worldwide. If it’s alright with you, though, I would want to modify the title of this award from car “person” to car “people,” as it is the combined efforts of all of our global employees, retailers, and suppliers that have truly made Toyota what it is today. And as for me, I could not be a CEO who is luckier or more appreciative.
He went on to acknowledge and thank the whole automotive industry for its contributions: “At Toyota, we consider it a great blessing that we were able to maintain the employment of our team members during COVID-19 and carry on with our efforts to address the challenges facing our sector in the future. As a corporation, we’re dedicated to inventing fresh approaches to promote the welfare of the world and everyone on it.
“The present has been a challenging time in world history. But it has also served to remind us that what really counts are the people. And if we at Toyota can make a small difference in how happy they are, I will always strive to achieve that.
After earning a law degree from Keio University and a master’s degree in business management from Babson College in the United States, Akio Toyoda joined TMC in 1984. He joined the TMC board of directors in 2000 after working in a variety of business-related roles both domestically and abroad. Before taking on the position of TMC President in 2009, he later held several senior and executive vice president positions.
The World Car Person of the Year award was established in 2018 to recognize and honor a person who has significantly impacted the global automobile sector over the course of the previous year. It is one of the six honors given each year by the World Car Awards program, which was started in 2003.
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
How long does Toyota take to repossess your vehicle?
In California, the lender may seize your vehicle as soon as you stop making loan payments, even if you are only one day late. You may be granted a grace period according to the precise terms of your loan agreement, so carefully study it. (For more information, see West’s Ann. Cal. Com. Code 9601, 9609) In addition, the lender has the right to seize following any form of loan arrangement default. This implies that if you default on your loan or violate another loan agreement term, your car is also at danger. For instance, auto loans mandate that you maintain vehicle insurance. Your lender has the power to take possession of your property if you let your insurance lapse.
The lender can take back possession of your car without needing to see you. Any open space, such as your driveway, is a potential location for theft. But without the consent of the rightful owner of the property, a repossession agent cannot enter your home or a closed or walled location (you or your landlord).
Of course, just because the lender has the legal authority to seize the property doesn’t guarantee that it will really do so. If you just keep making your payments, it will be lot simpler and less expensive for the lender. Only if they think you won’t pay or that you’ll damage the collateral will they take action to reclaim the property.
Should I refinance my car loan?
In general, if you don’t have any other high-interest debt or urgent obligations to worry about, you should pay off your car loan early. Paying off your car loan early may not be the greatest course of action, though, if that money may be used more wisely elsewhere.
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.