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  Toyota Financial Services Auto Loan

Toyota Financial Services Auto Loan

in Auto Loans from Toyota Financial Services

Unaffiliated

Toyota Financial Services Auto Loan

Unaffiliated

in Auto Loans from Toyota Financial Services

SuperMoney Net Recommendation Score -81

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -81, equating to 1.4 on a 5 point rating scale.

-81

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly not recommended

1 user recommends
6 users are unsure
36 users don't recommend
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Highlights
Community Rating Strongly not recommended
Credit Score Range 600 - 850
Loan Amount N/A
APR  (Fixed APR) Starting at 1.9%
Loan Term (Months) Up to 72 months
Number of Reviews 43

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 Services Auto Loan is 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. Toyota Financial Services Auto Loan only considers borrowers who are employed. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Toyota Financial Services Auto Loan. Their rates fall within the limits of The Military Lending Act.

Permanent resident / green card holders are also eligible to apply.

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 a car loan via Toyota financial?

Toyota financial will typically approve (or deny) a car loan application within 24 hours and 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 your account activity to the following credit reporting agencies:

  • 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 improve your credit.

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 Services

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.

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About Toyota Financial Services Auto Loan

Availability

  Available in 49 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Application Fee $0
No Prepayment Fee
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Cosigner
Maximum Vehicle Age 5
Military Status
  • Active Duty Military
  • Non-Military
Minimum Age 18
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Credit Score Range 600 - 850
Approval Speed 24 hours
Credit Bureau Reporting
  • Other
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 1 - 7 days
APR (Fixed APR) Starting at 1.9%
Loan Term Up to 72 months

Toyota Financial Services Auto Loan Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -81, equating to 1.4 on a 5 point rating scale.

-81

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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