You will be guided through the payment process by our automated phone payment system. Call (800) 874-8822 to make a payment, which is accepted every day of the year.
In This Article...
How can I use the Toyota app to pay my auto loan?
To make a One-Time Payment after your bank account has been added, adhere to these steps:
- Register with your account.
- Select “the top navigation bar’s payments
- Click here to access the “Page to Make a Payment
- from the list provided below “Select the vehicle you are paying for in TFS Account (if there is more than one)
- Pick “Make One-Time Payment” from the “Payment Detail” section.
- Check the “Total Amount Due” and the “Payment Amount”
- Under “To choose a date for your payment (other than a Saturday or Sunday), click on the text box to the right of Payment Post Date and choose either ASAP, Due Date, or Other Date.
- Choose your favorite account from the dropdown list under “Select a Bank Account to Pay from” or click “Add Bank Account”
- Enter your SSN or TIN’s last four digits.
- select the “push button
- Check that the “Payment information is accurate
- To make any changes, click the “Edit Purchase” button. To complete your payment, click the “Confirm Payment” button.
- Your account should be credited and your money should be received, according to a notice that you should see.
One-Time Payments should be scheduled no more than 60 days in advance, on weekends, or on bank holidays. An early payment will be paid to your account the same day if it is made before 5:00 p.m. PST.
Following the addition of your bank account, do the following actions to set up recurring payments:
- Choose “Set Up Recurring Payment” from the “Payment Detail” section.
- Check your “Amount of payment, such as $350
- Choose either “Monthly or Annual” from the dropdown menu under “Payment Interval.” “Weekly
- if you so desire “Each month’s first through the 28th day can be chosen from a dropdown menu.
- if you so like “Every Monday, Tuesday, Wednesday, Thursday, or Friday you can choose from the dropdown menu.
- Under “Choose the day your payment will start from the calendar under “Payment Will Begin.”
- Under “Pick one of the following three choices from the dropdown menu: Payment Made Until
- “Cancelled or $0 in the Account
- an explicit “Stop Date
- To edit the text field, click here “Opening a calendar and selecting a date for the ending date
- an explicit “How Many Payments Are Made?
- Your “Payment Interval:” determines the “Number of Payments:
- WeeklyEnter the range of your payments, from 0 to “335
- Monthly
- The range for your payment amount should be 0 to “85
- Choose your desired account from the dropdown list under “Select a Bank Account to Pay from” or “Add Bank Account, Enter the last 4 digits of your SSN or TIN”
- To make any changes, click the “Edit Payment” button. To confirm that your recurring payments have been set up, click the “Confirm Recurring Payment” button.
- Your account will be credited on the day of your payment, according to a notice you should see.
Please take note that you cannot schedule recurring payments for the 29th, 30th, or 31st of the month.
Can you use a credit card to pay your Toyota auto loan?
Sadly, Toyota Financial does not currently accept payments made by credit or debit cards. You may use: to pay your bill.
- In the mail is a cheque
- AutoCheque, which charges your bank account automatically each month
- Using your routing number and account number over the phone
- Your bank account is connected to the Toyota app.
Before the due date, get in touch with Toyota if you’re concerned that you might miss a payment! Your lender may be able to come to a solution to assist you. To help you regain control over your finances, they might even permit you to skip a payment.
If you’re concerned that this will happen again in the future, consider making savings on other auto costs, such as your auto insurance. With the Jerry app, it’s simple. Simply download the app and respond to a few short questions to receive competitive quotations that are tailored just for you. The typical user saves $879 yearly!
Where do I send my payment to Toyota Financial?
Having choices is advantageous.
- Pay online. Utilizing your bank account, you can plan payments using this service online.
- Mobile software.
- Call to Pay
- AutoCheque.
- Pay through mail.
- Western Union Instant Wallet (WUQC)
- CheckFreePay.
- Telephone-Assisted Payment.
How do you pay your auto loans?
You select the savings or checking account from which you want the funds to be deducted each month. Enrollment is free, and you may quickly modify or stop the automatic payments online.
Can I use a credit card to pay my auto loan?
Even if your lender accepts credit cards for auto loan payments, you should give it some thought before choosing that method because the majority of lenders do not. If you don’t take care, you can end up paying more than the total of your auto loan.
Why am I unable to use a credit card to pay my car loan?
Credit cards are rarely accepted by lenders for auto loans. When a lender does accept a credit card, there may be a fee associated with the transaction, raising the total cost of your loan payment. The added charge may outweigh the incentives if you were intending to use your credit card rewards for your auto loan.
There are other successful ways to use a credit card to pay off an auto loan, but they have their own disadvantages. You can evaluate whether it is worthwhile to charge your car payment on your credit card by considering your possibilities.
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.
Can you use a debit card to pay for a car?
Editor’s note: Lantern by SoFi aims to deliver information that is unbiased, unbiased, and truthful. Writers are independent of our company’s operations and are not paid directly by ads or business partners. Learn more about our editorial policies and our funding sources.
Whether you can use a credit card to pay for auto payments depends on the lender. While some auto dealers will accept credit card payments for vehicles, many only accept bank transfers, checks, debit cards, and other non-credit forms of payment for vehicle loans. Is it wise to use a credit card to pay for auto payments, even if it is possible? It’s a good idea to think about all the detailsin particular, any costsbefore charging your car payments.
How many days can you go without making your Toyota automobile payment?
Your credit score can suffer if you make late payments or missed payments. We are mandated by the Fair Credit Reporting Act to appropriately record your pay history as a credit reporter to the Credit Reporting Agencies (CRAs). We may report your late payment to the CRAs if it is more than 30 days past the due date. As a result, the late payment may show up on your credit reports. Most unfavorable information can often be reported by CRAs for seven years.
Your total credit report includes the payment history that has been reported to the CRAs. The CRAs create a credit score based on your credit history. Then, creditors use your credit score to decide whether or not to grant you credit. Your credit score could be negatively impacted by even one late payment.
Toyota does not accept late payments.
Multiple successful lawsuits against TFS Company for excessive fines and fees that were applied to numerous accounts have been won. The **** should shut down this business right away.
Toyota Financial Services Response
Review by a BBB customer on June 27, 2022 ***************************** This is in response to Ms. *****************************’s complaint against Toyota Motor ****************** (****), which she made in light of her dissatisfaction with the excessive fines and fees that were imposed to several accounts. We recognize the value of upholding a positive customer experience, and we value the chance to resolve your ************* concerns. Based on the details in the ************* customer complaint, we were unable to identify a TFS account connected to the claims made in the ********************. If she would kindly supply one of the following, her complete TFS account number, full Social Security number, or her full Vehicle Identification Number (VIN), we would be more than happy to help ********************. This would enable us to locate your account. Toyota Financial Services aspires to be the best in terms of customer satisfaction, and we regret that we are currently unable to help ******************** in the way she needs. She can call our ****************** Monday through Friday at ************** if ******************** has any further inquiries or worries. In order to respond to the consumer’s complaint, we are including Personally Identifiable Information (***). After submission, we have no control over how or if the BBB will protect our response or the *** it contains.
Review from Taylor N
Toyota Financial Services listed our account as delinquent despite repeatedly warning us not to pay the outstanding balance while GAP claims was closing the account as a result of a mistake made by our Toyota Dealer in the processing of a GAP claims insurance claim following a totaled car. This came about as a result of a Toyota dealer refusing to deliver the necessary closing paperwork despite numerous requests from GAP. As a result, Toyota did not shut our account as a result of this oversight, and Toyota never contacted us before placing the outstanding balance in delinquent. As we try to purchase our first home, $1,100 is now being deducted from our account each month by a credit bureau. Prior to this, our credit was excellent, but it is now declining month after month. We were informed that the only way to handle this was to write to the ********************, explaining Toyota’s error, and requesting that our credit be put back where it belonged. They haven’t offered any sort of response to us. Toyota made the initial error, but we are now responsible for demonstrating that they were wrong in order to repair our credit. I have never worked for a company that jerked us around so much and made us suffer as a result of their blunders and clerical errors. We only need them to admit their mistake and resolve the problem, but we are unable to reach anyone who genuinely cares when we call. It would just take a 3-minute dialogue with all parties involved for them to realize their error and fix it, but the way this company does business makes them seem like a shady global conglomerateoh wait, they all are. As a result, we are unable to get a response from them and will likely need to file a lawsuit against them. I used to adore Toyotas and believed I’d own one for the rest of my life, but after dealing with these dishonest and/or selfish people, I’m certain I’ll never do business with them again. If I ever buy another Toyota, it will undoubtedly be a used one. They won’t handle your loans appropriately, so don’t trust them.
Review from Shyanne H
Even though they received the money and gave it back to me, they either doubled my monthly charge or entirely stopped it, which resulted in late fees for me. When I tried to refinance to avoid this, they released the title to the bank before I paid ANOTHER installment because they had given the wrong pay out amount to the bank. Consumer assistance They hang up on you after a protracted hold period, *****. Additionally, you can never reach a manager.
Review from Rakan D
In my entire life, I never missed a payment. The employee I spoke with made a mistake, which led Toyota to record a missing payment to the credit bureaus and drastically lower my credit score. I will never rent another car from them again! I leased BMWs ******** and Audis with no problems, but when I lease a Toyota, my credit score is negatively impacted since Toyota’s employees aren’t properly trained. So angry.
Review from Loy W.
How can such a large firm refuse to resolve a credit dispute and ruin my credit by reporting twice, lowering my score by over 100 points, and leaving my parents almost homeless as a result while I’ve been trying for months to get this off my credit? I sent anything in writing, and it seems like I only got a canned response. When I called, it seemed as though I was speaking to a machine. I sent a thorough letter with documentation of all my on-time in-app payments, and the payments came back as successful and failed a few days later. Every time I call contacting three to four times a month to resubmit a payment using the automated system paying by phone using a representative and getting the same outcome, I’m very sure they have access to all of my inbound phone calls and all of the representative notes. A representative informed me that the payment system had changed and occasionally had problems and would not take payments. This has been bothering me for a while now, and it is really frustrating. Additionally, my credit has now been damaged. When I bought my automobile, I came to you with a credit score of 740+, but now I can’t even afford to get a mortgage. Not because of my own fault, but since you never sent me any bills, my first payment was late. I made an attempt to get in touch with the dealership again because I was unaware of Toyota Financial and was used to doing business with Southeast Toyota without any problems. When I eventually managed to contact someone, I made my payment right away. A week later, I got a notice that my payment was past due. and after a few days got a text indicating the payment failed. Since I had recently bought a car, I was wondering if there was a 30-day grace period. However, after 30 days had passed, I had still not received any letters, ****, or phone calls. Both of those reports must be deleted, please. With you guys, I’m just about at my breaking point. I would return the car, but because you guys tampered with my credit, I can’t even get a good loan. Laywer follows
Review from Matthew F.
We recently moved, and after setting up mail forwarding at our new home, our mailbox was stolen. As a result, we missed a statement and it was forgotten during the busy times. When Toyota called, we immediately made the payment, but it was made at 8:29 p.m. on a Friday, and because of the processing time, it did not post until 3 days later, which was precisely 1 day too late to trigger a 30 day credit marker. I’ve made multiple attempts to talk with them about this and have written them several letters proving what transpired and demonstrating that we are not in financial trouble. Unfortunately, everyone is just a robot hiding behind cliched justifications, and they never even glance at the material I send before sending out pointless messages. Even though their own website explicitly states they can, they claim they can’t make a goodwill adjustment “4. If a past-due account appears on your report, you might be able to convince the creditor to take it off. This generally only works if you’ve made all of your payments on time in the time since your lone late payment and have a long history of being on time with your payments. Additionally, the creditor has no responsibility to assist you, but some might if you’ve been a good customer and politely request it.” Why then would they recommend this if they do not engage in it themselves? What a bunch of liars Toyota Financial is. I will never utilize Toyota Financial again as a lifelong Toyota customer whose company is built around aftermarket support for Toyota vehicles. We formerly lived in a world that included a little amount of humankind. Toyota appears to be forgetting about that.
Review from David F
We borrowed money to buy a Toyota Sequoia and a Rav4 back-to-back, and we’ve been paying Toyota Financial Services for at least ten years without missing a single payment. We had no debt other than low-interest loans (like a mortgage and a car loan), and my credit score was 835, which is almost perfect. We lost track of some of our mail when we moved last year, and when my wife was late with our Toyota payment, they reported us. These reports cause a 100-point decline in your credit score, and they remain on your record for seven years. I figured they would take it out because it was a minor mistake and we had a long history of doing business with Toyota, reasonably good credit, COVID, etc. I realize that if they make an exception for someone, they have to take everyone into account. Anyway, I got in touch with them, and they claimed their policy was no courtesy, no exceptions, and no modifying. As much as we have loved the Toyotas we have owned, I will never, under any circumstances, purchase another Toyota for the rest of my life.
This is in response to the complaint made by ***** ****** against Toyota Motor Credit Corporation (TMCC).
TFS would first want to express its gratitude to Mr. ****** for bringing his issues to our attention.
We thoroughly examined Mr. ******’s account and found that the data TMCC had sent the credit reporting agencies (CRAs) about Mr. ******’s account was true.
Please be aware that while TFS takes every effort to resolve issues amicably with each client, we are compelled to accurately report all information to the Consumer Reporting Agencies (CRAs) based on a client’s payment history. Unfortunately, due to our obligation to provide correct information to the CRAs, we are unable to comply with Mr. ******’s request to make a “goodwill” adjustment to their tradeline.
Please be aware that TFS aims to provide excellent customer satisfaction, and we sincerely thank Mr. ****** for bringing this issue to our notice. If Mr. ****** has any other inquiries, he can reach our Customer Service Center from Monday through Friday at X-XXX-XXX-XXXX.
If it’s necessary, we may add Personally Identifiable Information (PII) to the customer’s complaint. We have no control over whether or how the BBB will protect our answer or the PII contained in it after submission.
Review from Avinash D
My credit score dropped by 80 points as a result of TFS/Toyota Motor Credit Guys reporting me as being behind on paid-off loans, which resulted in a 1% increase in the cost of mortgages for both my refinancing and buy mortgage applications. They have not responded to my calls or emails, despite my best efforts. I’ve complained about them to the CFPB. I’ll also contact an outside council to see if I can file a lawsuit against them.
This is a response to the complaint made by ******* **** against Toyota Motor Credit Corporation (TMCC) regarding adverse information showing up on their credit profile with Toyota Financial Services (TFS).
TFS would first want to express its gratitude to ******* **** for bringing these issues to our attention. Reviewing ******* ****’s account allowed us to learn that on 11/23/20, the customer paid off their account using the TFS website. The account balance of ******* **** was zero after this payment, however owing to a website error that prevented the account from being applied as a payback and instead applied as principal only, the account continued to assess payments. When the monthly transmission was made to the credit reporting agencies (CRAs) on December 31, 2020, this resulted in the account reflecting as past due for the November 2020 payment. According to our records, ******* **** contacted our customer service department on January 18, 2021 to inform them of the problem. Our Credit Dispute Resolution Team updated the Consumer Reporting Agencies (CRAs) on January 19, 2021, asking them to erase the 30-day credit marker reported in December 2020. On January 20, 2021, a letter informing ******* **** about the modification was delivered to them. We kindly request that ******* **** give this change at least 30-45 days to be reflected with the CRAs.
Please be aware that TFS aspires to unparalleled customer satisfaction, and we sincerely thank ******* **** for bringing this issue to our attention. Please feel free to call our Consumer Service Center at X-XXX-XXX-XXXX if the customer has any additional inquiries.
Review from Gary R
They report us at 30 days late during COVID, one day after 29 days have passed! For three years, we haven’t been late. What a terrible business. They have no consideration for their clients at all!
This is in response to Gary ********’s complaint to Toyota Financial Services about information that negatively impacted his credit profile with Toyota Motor Credit Corporation (TMCC) (TFS).
TFS would first want to express its gratitude to Mr. ******** for bringing these issues to our attention. The payment Mr. ******** made on December 31, 2020 through our website was not processed until January 2, 2021 since our payment processing center was closed for the holidays, we learned after reviewing Mr. ********’s account. When the monthly transmission was made to the credit reporting agencies on December 31, 2020, this resulted in the account reflecting as past due for the November 2020 payment (CRAs). To get the delinquent account status that was recorded in December 2020 removed, our Credit Dispute Resolution Team sent an update to the CRAs today. We kindly request that Mr. ******** give this update at least 30-45 days to reach the CRAs.
Please be aware that TFS aspires to be the best in customer satisfaction, and we sincerely thank Gary ******** for bringing this issue to our attention. Please feel free to call our Consumer Service Center at X-XXX-XXX-XXXX if the customer has any additional inquiries.