Complaint Review: Toyota Financial Services - Internet Nationwide
Toyota Financial Services Requiring me to continue with my payments even after the car is paid off Internet, Nationwide
*Consumer Comment: STEVE, PLEASE MAKE SURE TO.......
*Consumer Comment: Lease
*Author of original report: No Flease, no fleas and no lease
*Consumer Comment: Flease?
*Consumer Comment: STEVE, TOYOTA CORPORATION ONLY CARES ABOUT PROFITS. TOYOTA IS A COMPANY WHOSE FOUNDATION IS SOLIDLY BUILT ON LIES........
*Author of original report: Update: shady business practices
*Consumer Comment: Yes there is
*Author of original report: No misunderstanding
*Consumer Comment: Absolutely not.
*Consumer Comment: Dont be so sure
*Author of original report: What other companies do
*Consumer Comment: their right
*Consumer Comment: Confusing
I bought a Toyota Corolla and signed an agreement for 60 months. the monthly payments were $ 407,-
After making an additional payment of almost $ 900,- they would not change the maturity date, the number of payments left or the payment amount. When I called them the answer was: It is in the contract and can not be changed. I have never seen anything like that with any other Bank or finance company. Usually, when there is an additional payment, it is reflected on the statements and the next payment due is deferred or they change the maturity date or monthly payments. TFS almost acts like the additional payment does not change anything. They apply it towards the principal but they won't change the maturity date or anything else like the monthly payments.
They say that they can't change anything but why are other Auto Loan companies able to do it. To me it does not make sense that an additional 2 monthly payments don't have any effect on the maturity date or the amount of the monthly payments.
This report was posted on Ripoff Report on 10/13/2011 04:45 PM and is a permanent record located here: https://www.ripoffreport.com/reports/toyota-financial-services/nationwide/toyota-financial-services-requiring-me-to-continue-with-my-payments-even-after-the-788481. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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