Post Tagged with: "Toyota Financial Services"

Toyota Financial Services U.K. Teams Up With Alternative Credit Scoring Startup

Toyota Financial Services U.K. Teams Up With Alternative Credit Scoring Startup

September 15, 2017 at 11:00 am 0 comments

Aire, an alternative credit scoring startup, raised a $5 million Series A funding round and announced a partnership with the U.K. arm of Toyota Financial Services yesterday. The round was led by Sunstone Capital along with White Star Capital. Aire’s funding now totals $12 million. Along with a partnership withRead More

Auto Lenders Provide Relief Amid Hurricane Harvey Devastation

Auto Lenders Provide Relief Amid Hurricane Harvey Devastation

September 6, 2017 at 11:00 am 2 comments

The full economic impact of Hurricane Harvey on the auto industry has yet to be determined, but in the short term it’s clear that many consumers are going to need financial assistance and a number of lenders have stepped up to provide donations and consumer relief. Cox Automotive estimates betweenRead More

Negative Equity Poses Threat to Lenders in Wake of Hurricane Harvey

Negative Equity Poses Threat to Lenders in Wake of Hurricane Harvey

September 4, 2017 at 11:00 am 2 comments

More than half a million vehicles in the Houston area are estimated to be a total loss following the flooding damage caused by Hurricane Harvey, and more of those consumers than ever are upside down on their loans, according to Edmunds.com Inc. Comprehensive auto insurance is the main policy protectingRead More

Reinventing the Aftermarket: Will All-Inclusive Subscription Services Be the Next Big Thing?

Reinventing the Aftermarket: Will All-Inclusive Subscription Services Be the Next Big Thing?

September 1, 2017 at 10:30 am 1 comment

While “all-inclusive” is a pretty well-known concept in the resort world — many vacation spots boast carefree, wallet-less getaways, where everything is included in one price — the term is almost foreign in auto finance. But that is poised to change, as several lenders adapt the “all-inclusive” concept into theirRead More

Toyota Financial Collaborates With Ride-Hail Service Grab

Toyota Financial Collaborates With Ride-Hail Service Grab

August 30, 2017 at 10:30 am 0 comments

Toyota Financial Services — along with Toyota Motor Corp. and Aioi Nissay Dowa Insurance Co. — are forming a collaboration with Southeast Asia ride-hailing giant, Grab, the companies announced today. The collaboration involves the Connected Company, a Toyota Motor in-house company, that has developed a data-transmission device that captures driving patternsRead More

Fed Numbers Place Ally as No. 1 Lender Amid Wells Fargo’s Pullback

Fed Numbers Place Ally as No. 1 Lender Amid Wells Fargo’s Pullback

August 24, 2017 at 12:18 pm 2 comments

For three and half years Wells Fargo Dealer Services has been the No. 1 provider of retail loans, but now that title belongs to Ally Financial Inc., according to data from the Federal Reserve. Wells Fargo held about $58 billion of outstanding retail auto loans at the end of June,Read More

What Gets Measured Gets Done: Establishing Key Risk Indicators to Measure Compliance Health

What Gets Measured Gets Done: Establishing Key Risk Indicators to Measure Compliance Health

August 7, 2017 at 9:00 am 0 comments

When we visit a doctor, we learn much about our health risk based on various measurements. Doctors check our blood pressure, heart rate, and cholesterol levels, and then compare them to medically determined acceptable rates. If our results are higher than the acceptable rates, doctors will advise us how toRead More

Nearly Half of Toyota Financial Team to Move to Texas This Summer

Nearly Half of Toyota Financial Team to Move to Texas This Summer

July 19, 2017 at 10:15 am 0 comments

PLANO, Texas — About 400 Toyota Financial Services employees are still making the move to the manufacturer’s new Texas headquarters from Torrance, Calif., with July and August serving as the “biggest moving months,” Julia Wada, TFS group vice president of HR and real estate, told Auto Finance News. About 500 employeesRead More

Toyota Opens $1 Billion Texas Headquarters

Toyota Opens $1 Billion Texas Headquarters

July 7, 2017 at 11:13 am 2 comments

PLANO, Texas — After three years of planning and construction, Toyota Motor North America Inc. celebrated the grand opening of its new centralized headquarters in Plano Texas on Thursday. The new facility, which brings the OEM and Toyota Financial Services closer together, will not only allow its employees to collaborate and communicate moreRead More

5 OEMs Offer Low-Rate Incentives for Independence Day

5 OEMs Offer Low-Rate Incentives for Independence Day

July 3, 2017 at 12:37 pm 1 comment

With the Fourth of July around the corner, many captives are ramping up finance incentives — including low-rate APR and other special offers — to bolster sales.   Auto Finance News took a look at the current offers in the market. Here are five financing promotions heating up the market:Read More

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