Toyota Financial holds cash in excess of funding needs | Auto Finance News | Auto Finance News

Toyota Financial holds cash in excess of funding needs

Photo by Paul David via Flickr

Toyota Financial Services’ funding sources mirror that of its OEM’s product mix, providing “more resilient free cash flow,” according to Fitch Ratings. In fact, TFS, the nation’s largest auto lender by volume, has access to $27 billion in dedicated funding through committed bank credit facilities of $20.5 billion and an average liquidity portfolio of $6.5 […]

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