Toyota Financial Services Review

Toyota Financial Services is an auto purchase finance offering by Toyota Financial Services, based in Torrance, CA. Founded in 1983, Toyota Financial Services offers auto loans in 49 states (and Washington, DC).

What APR does Toyota Financial Services offer on its auto loans?

Toyota Financial Services offers a fixed APR auto loan product that ranges from 1.9% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum loan term you can get with Toyota Financial Services?

Toyota Financial Services has auto loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does Toyota Financial Services charge an origination fee?

Yes, Toyota Financial Services may charge a loan origination fee.

Does Toyota Financial Services charge a late fee?

Yes, Toyota Financial Services charges borrowers with a late payment penatly fee

Does Toyota Financial Services charge prepayment fees?

No, Toyota Financial Services will not charge you a fee for paying your loan early. Whenever possible choose lenders like Toyota Financial Services that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

What do you need to qualify for a loan with Toyota Financial Services?

Applicants with a credit score of at least 600 can apply for a loan via Toyota Financial Services. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

To qualify, applicants may need to provide the following documentation:

• Driver's license
• Proof of citizenship or residence permit

What is the estimated funding time for an auto loan via Toyota Financial Services?

Toyota Financial Services will typically approve (or deny) an auto loan application within 24 hours and fund the loan within 7 business days of approval.

Does Toyota Financial Services report loan payments to credit bureaus?

Toyota Financial Services may report credit data to the following credit reporting agencies:

• Equifax
• Experian
• Transunion