Toyota canada car payment deferral. Toyota financial services will defer or extend payments upon approval for both loans and leases. Monthly car payments average 554 according to 2019 fourth quarter data from experian. Contact toyota canada via telephone email or mail and find contact information for toyota roadside assistance and toyota financial services. Tmcc is the authorized attorney in fact and servicer for toyota lease trust.
Toyota financial services is a service mark used by toyota motor credit corporation tmcc toyota motor insurance services inc. Payment relief is available to those who have a financial need or occasionally those affected by natural disasters. Tfs can be contacted at 1 800 661 3062. Toyota canada has been implementing measures based on guidance received from local health authorities to help prevent the spread of covid 19 infections.
The health and safety of our customers dealers employees and stakeholders is very important to us. Toyota motor credit corporation nmls id8027. At the end of your lease term the vehicles residual value is the worth of the car at that time. The automotive lease guide alg awarded four toyota vehicles for best residual value.
Toyota canada operations and dealerships. Toyota canadas toyota financial services told us that they are offering payment relief for their customers to help them through these exceptional circumstances the same information given by the companys lexus brand. Toyota financial services covid 19 payment deferral and financial programs toyota would like its customers to know were here for you. The financial analyst also reports that on a loan balance of 30000 over 60 months at 374 percent total.
The higher the residual value the lower your monthly payment since you are only paying for the portion of time that youre using the car.