Toyota Financial Services

Next at auctions: Multiple platform sales

12:01 am U.S. ET | Oct. 28, 2013
Listing used vehicles for sale simultaneously on multiple online remarketing platforms is the next big thing in used-vehicle wholesaling.... Read More »

 

JIM HENRY

Are dealers, lenders at odds on CFPB?

12:01 am U.S. ET | Oct. 23, 2013
Dealers and lenders have said they are united in opposing the Consumer Financial Protection Bureau's proposed changes to the indirect lending model, but they could be moving out of sync.... Read More »

 

Toyota leverages stellar credit rating for financing edge

12:01 am U.S. ET | Oct. 23, 2013
Toyota's in-house lender is leveraging the automaker's AA- credit rating and cash to offer low rates and keep customers coming back. The company's $37 billion cash pile and credit ratings that outrank GM and Ford enable its Toyota Financial Services unit to offer more loans and take on riskier borrowers.... Read More »

 

Automakers' lending practices probed by U.S. agencies for bias

10:35 am U.S. ET | Sept. 23, 2013
The Consumer Financial Protection Bureau and the Department of Justice are examining the lending operations of major auto manufacturers for possible discrimination in lending, according to regulatory filings and three people briefed on the inquiry.... Read More »

 

Borst will retire as Toyota finance chief

2:15 pm U.S. ET | July 29, 2013
George Borst, who led Lexus through the endaka currency exchange crisis of the mid-1990s and who has been CEO of Toyota Financial Services for the past 13 years, announced his retirement from Toyota today.... Read More »

 

Toyota limits online warranties

12:01 am U.S. ET | June 17, 2013
Until a month ago, Acton Toyota of Littleton had a nice little side business for five years selling Toyota-sponsored extended service contracts over the Internet. Toyota Financial Services, though, pulled the plug on the business in May, prohibiting Acton Toyota and a handful of other dealerships from selling the contracts nationally online.... Read More »

 

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