Toyota Financial Services Overview

Toyota Financial Services was launched in 1983 and offers retail and wholesale financing, retail leasing and vehicle protection plans. The company was created to market the products of Toyota Motor Credit Corporation and Toyota Motor Insurance Services, Inc. in the U.S. Toyota Financial Services employs approximately 3,300 associates nationwide and manages over $110 billion in assets. Toyota Financial Services is part of the operations for Toyota Financial Services Corporation, which is a subsidiary of Toyota Motor Corporation in Japan.

How Do Toyota Financial Services' Auto Loans Work?

Toyota Financial Services offers financing plans for new Toyotas, Toyota Certified Used Vehicles and leased Toyotas including buyout options. You can submit an initial application online, but these financing plans are available only through participating Toyota dealers. If interested, you can ask your local dealer if Toyota Financial Services are available or you can use the company’s “Find a Dealer” tool online.

Services and restrictions may vary from one participating dealer to another. In general, auto loans from Toyota Financial Services have contract terms that range from 24 to 72 months and vehicles must be five years old or newer.

What Are Toyota Financial Services’ Auto Loans Rates?

With loans from Toyota Financial Services, rates can vary based on the amount you finance, the length of the finance term and the vehicle you select in addition to your credit history. Rates can be as low as 1.9% APR.

How Much Money Can I Borrow from Toyota Financial Services Auto Loans?

Toyota Financial Services doesn’t publish minimum and maximum loan amounts. The exact amount you can borrow will become clear once your application is reviewed.

What Is Toyota Financial Services’ Application Process Like?

To apply for a loan, you can submit your application online, by fax or in person at a participating dealer. If your submission is approved, you will receive a pre-approval certificate generally within one business day via email. You can then take this certificate to a participating dealer to shop around and finalize your transaction.

When applying for financing, you will be required to designate a specific dealer on your application, but you can take your pre-approval certificate to any participating dealer. If you end up contracting with a dealer other than the dealer listed on your application, you may need to provide additional credit information at that point.

How Are Toyota Financial Services Auto Loans Better than Other Auto Loans?

- Toyota Financial Services works with participating dealers to give Toyota customers an easy and straightforward way to access financing.

- There are no prepayment penalties.

- Toyota Financial Services offers rebate programs for college graduates and members of the military.

- Participating dealers are located throughout the country.

  • Max Loan Term (Months)
  • Institution Type
    Other Institution
  • Credit Score Range
    600 - 850
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
  • Immigration Status Considered
    U.S. Permanent Resident
  • Joint Loan Applications Accepted
  • Maximum Vehicle Age
  • Military Status
    • Active Duty Military
    • Non-Military
  • Minimum Age
  • Verification Documents Required?
    • Driver License (or other photo ID)
    • Proof of citizenship/residence
  • No Prepayment Fee
  • Approval Speed (Hours)
  • Funding Time Range (in days)
    1 - 7
  • Joint Loans Available
  • Credit Bureau Reporting
    • Equifax
    • Experian
    • TransUnion
    • Other
  • APR
    Starting at 1.9%
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