Toyota Deferred Payment Program

Expires 5/4/2020

New Vehicles

Eligible Vehicles: All New Toyota 2020 vehicles. Current Year Used Toyota/Scion vehicles, including demonstrators with 20,000 miles or less.

Eligible Tiers: Tier 1+ and Tier 1 (Additional Tiers require DSSO approval)

Program Rate: Standard rates apply.

Term: Up to 72 months max term (effective contract term is 74 months with 72 equal monthly payments.) A maximum of 90 days may elapse from contract date of first monthly installment payment.

Dealer Participation: Standard rate participation applies.

Compatibility: Compatible with standard features; except Extended Term Financing (75-84 months). iFi program, Special (subvented) APR programs (unless superseded by an FSB letter). Preferred Option Finance Plan (Balloon) contracts and Lease-End Refinancing program. Certified and Used vehicles (other than Current Year Used) are not eligible for this program.

Customer Qualifications: Requires DSSO approval.

Advanced Level: Standard Advanced levels apply.

Notes: Finance charges accrue from the contract date origination. Earned interest over the first 90 days will be amortized over the term of the contract, but will not be added to the principle. Pennsylvania customers are not eligible for this program. OPTIONAL PRODUCTS - The term for Credit Life, Credit Disability and GAP must match the term of the contract. If the term of the contract is 62 months, the dealer must sell a 62 month policy.

Certified Vehicles

Eligible Vehicles: All Toyota Certified Used Vehicle (including Scion) models from dealer stock, with 85,000 miles or less.

Eligible Tiers: Tier 1+ thru Tier 3 customers on Special (Subvented) deals must be approved for financing through TFS.

Eligiable Dealers: All participating Toyota Dealers, excluding the TMNA SET Region.

Terms: Up to 72 months. A maximum of 90 days may elapse from the contract date to the first payment due date. Retail contract is scheduled as 72 equal payments over a contract term of 75 months (90-Day Deferred First Payment). Please be advised finance charges accrue from the contract date. Earned interest over the deferred period will be amortized over the term of the contract, but will not be added to the principal. Terms greater than 75 months are not available.

Rates: Standard or Special (Subvented) rates apply.

Dealer Participation: Standard APR: Standard Dealer Participation is allowed. Subvented APR: Dealer participation is not available on Special (Subvented) programs.

Minimum Reserve: Contracts written at the buy rate will receive a minimum reserve based on the amount financed. The minimum reserve is based on the New Vehicle Minimum Reserve schedule.

Compatibility: This program is NOT compatible with extended term financing (over 72 months) and iFi Program.

Optional Products: The financing of all TFS insurance products, except CLAH product, is allowed. The term of the GAP product must be consistent with the contract term, including the deferral period. CLAH products are not approved for financing. When financing “Non” TFS GAP in conjunction with the 90-Day Deferred Payment Program: if the dealer presents a contract to TFS which includes a non-TFS GAP contract, the dealer is representing that the GAP provider approves the sale of the product in conjunction with the 90-Day Deferred Payment Program. This applies to the program for the stated period only.