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Last Updated: 04/18/2025

Toyota Financial Services Auto Loan

in Auto Loans from Toyota Financial Services

Last Updated: 04/18/2025

Strongly not recommended51 total votes

1 users recommend

6 users are unsure

44 users don't recommend

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Highlights

Community Rating

Strongly not recommended

Amount Range

N/A

APR (Fixed APR)

Starting at 1.9%(Verified 06/21/2024)

Disclaimer popup with additional information

Credit Score Range

600 - 850

Loan Term (Months)

Up to 72

Number of Reviews

Toyota Financial Services Auto Loan Review

Toyota Financial Services Auto Loan is offered by Toyota Financial Services, a financial services company founded in 1983 and based in Torrance, CA. Toyota financial are available in 49 states and Washington, DC.

Toyota financial FAQ

What APR does Toyota financial offer on its car loans?

Toyota financial offers a fixed apr car 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 auto loan term you can get with Toyota financial?

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

Does Toyota financial charge an origination fee?

Yes, Toyota financial may charge a loan origination fee .

Does Toyota financial charge a late fee?

Yes, Toyota financial charges borrowers with a late payment penatly fee

Does Toyota financial charge prepayment fees?

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

Can I pay off early my Toyota financial loan?

Yes, you can. Toyota financial does not charge a prepayment fee, so you can save money by paying your car loan early.

What do you need to qualify for Toyota Financial Services Auto Loan?

Applicants with a credit score of at least 600 and up to 850 may be eligible for Toyota Financial Services Auto Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Toyota Financial Services Auto Loan does not have or does not disclose a minimum annual income eligibility requirement.

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

Driver's license or other government photo ID
Proof of citizenship or residence permit

What is the estimated funding time for a car loan via Toyota financial?

Toyota financial will typically fund the car loan within 7 business days of approval.

Does Toyota Financial Services Auto Loan report your account activity to credit bureaus?

Yes, Toyota Financial Services Auto Loan reports to the following credit bureaus:

Equifax
Experian
TransUnion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.

Does Toyota Financial Services perform a hard credit pull?

Yes, Toyota financial performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.

Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

Is Toyota Financial Services a legit company?

Toyota Financial Services was founded in 1983, it is a well-established company that has been in business for 43 years. Toyota Financial Services Auto Loan is strongly not recommended by SuperMoney community users.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message from Toyota financial

Toyota Financial Services (TFS) is the finance brand for Toyota in the United States, offering retail auto financing and leasing through participating dealers and Toyota Motor Credit Corporation (TMCC) and Toyota Lease Trust. TFS also offers vehicle and payment protection products through participating dealers and Toyota Motor Insurance Services (TMIS) and its subsidiaries.

At Toyota Financial Services, we help millions of Toyota customers drive the vehicle of their dreams, thanks to our flexible financing and leasing, comprehensive vehicle and payment protection plans, and well-rounded insurance offerings. Over the decades, we've established strong relationships with our customers and dealers that inspire us to always strive for quality, convenience, and consistency. One of our main goals is to deliver exceptional customer service that matches the exceptional quality of Toyota vehicles.

Applying for credit through Toyota Financial Services and the dealer is quick and easy. Just answer a few questions and we’ll send you a credit decision via email that you can take to any participating Toyota dealership.

Contact

Headquarters

19851 Western Avenue

Torrance, CA 90501

(800) 874-8822

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