Leasing and financing information is provided directly by your Toyota dealer. If you require further clarification about your Toyota Financial Services financing or lease agreement, you can contact Toyota Financial Services at 1-888-Toyota-8 (1-888-869-6828), Monday to Friday from 9am-5pm, for all time zones.
The address is:
24,000 kilometres per year
You have the option of purchasing extra kilometres at a reduced rate up front. If you are not sure, you can buy extra kilometres at lease end at our standard rate. If you drive significantly more than the standard allowance, financing may be a better option for you.
GAP protection is automatically included in all Toyota Care Leases.If your vehicle is declared a total loss, GAP will cover the difference (the gap), after you pay the deductible, between what you owe on the remainder of your lease and the amount of your insurance settlement. You are only responsible for excess kilometre charges and any pre-existing damage to the vehicle.
All Toyota Care Leases are closed end leases. This means you make a set number of payments over the term of your lease and the leasing company guarantees the "price" or lease end value of your vehicle at the end of the term. Factors such as economic conditions, vehicle popularity, colour and equipment can all affect the value of a used vehicle and can result in the market value being lower than the lease end value at the end of your term. By guaranteeing the lease end value, Toyota Financial Services assumes the risk of any loss on the used vehicle. So, if your car is worth less than the lease end value, you can simply return the vehicle to us. You are only responsible for charges at lease end that may result from excess wear and tear or exceeding the kilometre limit set out in your lease contract.
The customer is responsible for the vehicle's overall condition as detailed on the lease agreement (appearance, mechanical condition etc.). Charges will apply to kilometres that exceed the provisions in the lease.
Simple Interest financing is the consumer friendly way to calculate interest. Like the name implies, the concept is simple. If you pay a day early, you are credited for a day's interest. If you pay a day late, you pay a day's interest.
Here is an example that shows the difference in your monthly payment depending on whether you lease or finance your vehicle.
|Term||48 Months||48 Months|
|Selling Price||$ 18,000.00||$ 18,000.00|
|Selling Price||$ 18,000.00||$ 20,340.00|
|Lease End Value||$ 9,000.00||N/A|
|Base Payment||$ 277.29||N/A|
|Taxes on Payment*||$ 36.05||N/A|
|Total Payment||$ 313.34||$ 486.59|
The MSRP and rates used above are approximate and used only as an example. Please see your Toyota Dealer for current finance and lease rates.
*Taxes (GST & PST) are 13% in this example.
Yes, however the new individual must visit a Toyota Dealer, submit a credit application and be approved by TFS.
Yes. A $400 transfer fee (plus applicable taxes) is charged to cover all costs related to the transfer.
Yes. TFS allows you to make lump-sum payments on your account so you can pay off your loan sooner and reduce your interest charges. Lump sum payments are not permitted on leases.
Yes, for your convenience we accept payments through ABM, telephone and web banking services from various financial institutions. For further details please contact TFS for assistance at 905-513-8200 or 1-800-661-3062.
Simply fax us a copy of your marriage certificate identified with your TFS account number or VIN number to 905-513-9776 or 1-800-665-4948
If you are taking your vehicle outside of Canada for longer than 30 days, you must notify TFS immediately and choose one of the following options:
Relocation to the USA is stricly prohibited. Contact TFS for Assistance @ 905-513-8200 or 1-800 661-3062
You can obtain your account balance on your finance contract by contacting our office for assistance @ 905-513-8200 or 1-800-661-3062.
Yes. Please contact TFS Customer Service Department @ 905-513-8200 or 1-800-661-3062 to discuss your request. Some restrictions may apply.
TFS has arrangements with the banks to make a second attempt 2-3 days after the initial attempt. When funds are not available within specified period, contact our Customer Service Department to make arrangements.
Yes, payment deferral is an option for short term situations. Some restrictions may apply. Contact the TFS Customer Service Department to discuss further @ 905-513-8200 or 1-800-661-3062
You will need a TFS letter of authorization to plate your vehicle in another province. For details, contact the Customer Service Department @ 905-513-8200 or 1800-661-3062. You are responsible to ensure you have continuous insurance coverage as per the terms and conditions of the lease contract.
Contact the TFS Customer Service Department @ 905-513-8200 or 1-800-661-3062.