Toyota Financial Services (TFS) is the financial subsidiary of Toyota Motors Corporation in Japan. The company was incorporated in 1982 and started operations the following year. TFS provides both retail and wholesale financing and leasing as well as vehicle protection plans to customers and authorized dealers of Toyota, Hino, and Scion in the US.
Since commencing operations, TFS has grown tremendously from a small company with 8 associates to a corporate company with an asset base of $81 billion and 3,300 associates countrywide. Currently, TFS has 3 customer service centers, 3 regional offices, and more than 30 sales and service dealers in the US, including an affiliate service company in Puerto Rico.
Benefits of Toyota Financial Services
TFS is a reputable and well-established auto financing company in the US. Over the years, the company has built a solid reputation as a reliable and trusted financial arm of Toyota Motors. The company provides excellent services for to individual customers and dealers across the country. Also, toyotafinancial.com has useful resources for individuals and dealers seeking vehicle financing and protection.
Making payments to Toyota Financial Services is a simple and straightforward procedure. The best thing is that TFS offers four ways of making payments. With these options, you can make or schedule payments conveniently. Let’s briefly look at each of these payment options.
Making payments via toyotafinancial.com is free, simple, and convenient. You can schedule a one-time payment or recurring payments using your own bank account. Also, you can view payment status, update, and cancel payments. In order to pay online, you need to add your bank account number in full as well as the routing number to your bank information. Fortunately, most banks and financial institutions allow customers to make payments online.
To start making payments online, go to toyotafinancial.com and then login to your account.
If you don’t have a TFS account, you need to go to toyotafinancial.com and register first before you can start making payments online.
TFS allows customers to make monthly vehicle payments via the TFS AutoCheque Program. When you sign up, payment is deducted directly from your designated bank account on the due date. You can make payments using a checking account and specific saving accounts via banks and institutions, which transact in USD only. You will need to download and fill the AutoPay form first.
Payment by Mail
As a customer, you can also make payments to TFS via mail. All you have to do is to mail your statement along with the check to the payment address indicated on your monthly statement.
Payment by Phone
TFS has an automated phone payment system, which customers can use to make direct payments for their vehicles. The system takes customers through the steps for making a payment. With this system, customers can make payments 24 hours a day.
- Inquire from your bank whether you can use your checking account to make online payment
- To avoid late fees, make sure that you make bill payments before the due date.
- Making timely payments is the best thing you can do to build your credits score.