Toyota Financial vs Credit union

TFS is fine. both of my yotas are with them

 

I am currently financed through TOYota Financial. My only beef is that they do not let you add to your payment to reduce the principal when paying online. I was told the only way to do this is to write a physical check and mail it in. Basically, they are making it more difficult for you to payoff sooner, hoping you won’t go to all that trouble.

 

Of course they do. Anything over your payment goes to principle. It just looks like they are rolling it over to another monthly payment.

 

Everytime we have bought our Credit Union offered us a better rate but Toyota Financial was always willing to match or beat our Credit Unions rate to earn our business. We have always gone with TF, in all cases.