Auto Loans
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Last Updated: 04/18/2025
Toyota Financial Services Auto Loan
Unaffiliated
in Auto Loans from Toyota Financial Services
Last Updated: 04/18/2025
SuperMoney User Recommendation Score -84
Strongly not recommended51 total votes
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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 penalty 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. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.
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.
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users don't recommend this product, giving it a user recommendation score of -84, or 1.3 on a 5-point rating scale.
-84
-1000+100
No one recommends
Everyone recommends
Toyota Financial Services Auto Loan Community Reviews
Would you recommend Toyota Financial Services Auto Loan to your friends?
RP
Rene P.
Nov 24, 2023
May or may not recommend
They wait literally approximately 1 weeks to clear my payments. I try to pay early but several times had to dispute late charges because they want to accumulate those daily finance charges. Crooks!
I’ve literally been blocked from paying online because the funds were no longer in the account I use to pay bills two WEEKS later.
Kristen W.
Jul 24, 2023
May or may not recommend
I have been financing with them for over 6 years. No issues up until the past two years. I had moved states and needed to get new tags. I sent in all the necessary paperwork and received nothing. This has gone on for TWO YEARS. Now my tags are long expired and I have yet to receive any paperwork, answers, or remedies about the situation. Each time I call, I ...Show More
AB
Alice B.
May 25, 2023
May or may not recommend
The online payment site is a disaster if you just change the date for recurring payment. They will send a text payment received and not process with the bank. Stay away from toyota financial
U
Anonymous
Sep 15, 2022
May or may not recommend
Do not care about disabled customers. I have made payments on time for years. I became permanently disabled a few months ago, and I am waiting for insurance to start paying out. They said nothing they could do because my loan was near the maturity date. No extensions, nothing. What a low-life-sucking financial company. I am selling my new Toyota and changing manufacturers.
Rose H.
Aug 27, 2022
May or may not recommend
I have a very bad experience with them
Toyota financial services destroyed my credit
For one payment late I did
They reported me with all credit bureaus
As Delinquent account and my credit went down 82 points!
Money was sitting in the bank they didn’t take it
I made the payment on phone
Coz there is a problem with my app for automatic payments also !
I will never recommend anyone to ...Show More
MB
Maher B.
Jul 10, 2022
May or may not recommend
Stay away from this scam company called Toyota financial services.. They love to report everything to damage your credit score.. They reported a late payment even if it's not late.. If you don't want to ruin your credit score STAY AWAY!! from this company called TOYOTA FINANCIAL SERVICES
MD
Mack D.
Jun 22, 2022
May or may not recommend
Shitty rates, even shittier customer service. Don’t pull payments when submitted, don’t notify you that said payments weren’t taken, then blame you for your account being past due. Huge joke.
SM
Steve M.
Feb 13, 2022
May or may not recommend
February 2022, TFS advertises with dealers for 02/22 incentives and then dealer advises that the % rate is not as advertised due to the shortage of vehicles. The TFS rate listed as 2.49 is really 4.59%!! no was to buy the car with cash either, must go thru their TFS as only option due to shortages of cars nationwide. Total Illegal bait and switch. Feds need to get involved.
LW
Laura W.
Aug 3, 2021
May or may not recommend
I financed with TFS at the recommendation of the dealership where I bought my toyota. I arranged to have my payments charged to my credit card, which I pay off every month. After a few months they stopped charging my card, and by the time I figured this out I had already been charged a late fee. I called and paid my past due + late charges ...Show More
LL
Lacey L.
Mar 17, 2021
May or may not recommend
Very unorganized company. Your online payment may or may not go through. They will not send you payment reminders. They will not work with you whatsoever. BEWARE! Customer service is not important to them at all. There are many great options for vehicle financing. Toyota Financial is not one of them!
VA
Victor A.
Nov 3, 2020
May or may not recommend
I have yet to experience any problems with Toyota Financial Services. I pay my bills on time, and when I want to pay more there is an option to pay toward my principal. This is exactly what I expected from a car loan service I get through the car company I purchased it though. The only complaint I have at the moment is that the picture of my vehicle ...Show More
HK
Hira K.
Oct 20, 2020
May or may not recommend
I would say Toyota Loan Service is just average. They don't really make it that convenient for me to pay my bill every month. I wish there was a way they would automatically take out the monthly payments on a credit card every month. Instead, they make me call them and their phone system is not the best.
SD
Samantha D.
Oct 10, 2020
May or may not recommend
Toyota Motors Financial's website is not so much good or bad but just, meh. They pepper you with “advice” such as turning in your lease early but that’s nothing too egregious. They let me set up an auto pay but weren’t part of a large network to make it easier.
U
Anonymous
Oct 4, 2020
May or may not recommend
Toyota Financial Services (TFS) has an extremely poor business practice that is negatively impacting leasing customers. This corporation is taking advantage of its customers in the worst way during the global pandemic. Currently, TFS has a substantial credit at the Tax Office of my hometown due to an overpayment made on our bill. Instead of requesting a refund, TFS wants me to pay them the full amount of the tax ...Show More
Henry C.
Jun 24, 2020
May or may not recommend
the phone system is one of the worst i have ever dealt with.
VB
Valeria B.
Jun 15, 2020
May or may not recommend
This seems like quite the scam since this fee seems to a fee with no purpose and to put a tax to it seems really odd since there really is not any kind of service. The other issue is that I leased another Toyota in 2017 financed through TFS and was charged this fee at that time too. So explain to me what exactly does this fee really ...Show More
JP
James P.
Mar 15, 2020
May or may not recommend
Totaled the first had gap insurance got a second Toyota and now my credit is screwed up from the first Toyota! ( run
TV
Teng V.
Jan 21, 2020
May or may not recommend
Called Toyota financial for payoff support and was received with a very rude customer service representative named Alex. I'm not sure why he was so abruptly rude as soon as the call started. Was on hold for 30 minutes before I actually spoke to him. After being rude, I requested to speak with a supervisor and he put me on hold. He came back to tell me that ...Show More
HK
Hope K.
Oct 22, 2019
May or may not recommend
The crooked car dealer we dealt with, their finance office offered us some extras for just a few dollars more so we took it, no paperwork was given to us, i asked and he said there was no paperwork. So looking at our online account, we saw the amount jumped up a LOT, so we called and said he could take the extras off. We watched our account and called ...Show More
Levi C.
Jun 24, 2019
May or may not recommend
Living a nightmare with Toyota Financial..
I bought a toyota prius 2016 from Larry H Miller Toyota Lemon Grove in San Diego last year and sold it this year.. after that I canceled my Toyota Auto Care and should receive back U$2.905 dollars.. the thing is.. The dealership says they issued a check to toyota financial and that they should cash the check and write me a new one and send ...Show More
Showing 20 of 51 reviews