Toyota Payments: What You Need to Know

You can make a payment on your Toyota auto loan online, by phone, through the mail, or with auto-pay. You can’t use a credit card.
Written by Mary Cahill
Reviewed by Jessica Barrett
Toyota Financial Services (TFS) offers a bunch of ways to make payments on your Toyota auto loan or lease. You can pay your bill online, by phone, through the mail, or set up auto-pay. You won’t be able to make a payment to Toyota Financial Services using a credit card. 
Financing a new car is exciting, but it also involves some financial planning. If you need a little help with how to make a payment toward your Toyota loan, we’ll go over all the options you have. If you are interested in getting a
Toyota car loan
but haven’t done so yet, we’ll also review what the average monthly payments look like for some popular 2022 models.  
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How to pay your Toyota car bill

Making an auto loan or lease payment to Toyota Financial Services is really convenient thanks to the number of options available. Let’s take a look at the ways you can pay. 


One of the easiest ways to pay your Toyota car bill is online. All you need to do is to
create a TFS account
and provide your banking information to make monthly payments or enroll in
—Toyota’s version of autopay
You can also sign up for Toyota’s myTFS app and link your TFS account with your app profile to pay your bill right through the app. 

By phone

Toyota Financial Services has an automated phone payment system that’s available 24/7—just call (800) 874-8822 to get started. If you’d rather speak to an agent when you pay your bill over the phone,
contact the customer service line
. Live agents are available Monday through Friday from 8 am to 5 pm local time. 

By mail

If you prefer to send your car payment by mail, you can! Just mail a check and your payment stub to the address provided on your statement. Or, you can send your payment to the following locations:
Payment type
Mailing address
Toyota Financial Services
P.O. Box 5855
Carol Stream, IL 60197-5855
Toyota Financial Services
P.O. Box 4102
Carol Stream, IL 60197-4102
Puerto Rico Residents
Toyota Credit de Puerto Rico Corp
P.O. Box 366251
San Juan, PR 00936-6251
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Western Union Quick Collect

You can make a cash or debit card payment using Western Union Quick Collect (WUQC). Access their services by calling 1-800-325-6000, visiting
, or going in person to a Western Union location (often located in grocery stores or check cashing facilities). 
After you make a payment to Toyota, you’ll receive a 10-digit Money Transfer Control Number, which will help you confirm that the payment has been delivered. 
In order to complete the transaction, Western Union will ask that you provide the following:
  • Toyota Financial Services account number
  • Account type (i.e. whether you’re leasing or financing your vehicle)
Like most third-party services, WUQC will charge an additional fee for processing the payment.


Another way to make a cash payment to Toyota is CheckFreePay—a third-party service that is similar to Western Union. You can find a location near you at
. You’ll need to bring your billing statement and a valid photo ID, plus a little extra cash to cover the service fee. 

Can I make my Toyota payments with a credit card? 

No. Technically, the only way to pay your Toyota bill using a line of credit is to request a cash advance—which involves more fees and should only be used as a last-resort payment option

Is there a grace period for Toyota car payments?

Toyota Financial Services does have grace periods for car payments, but the length varies by contract. You’ll want to review your TFS contract for details on your specific grace period agreement. 

How much are Toyota payments?

Toyota is one of the most popular auto brands in the US thanks to its longstanding reputation for affordable and well-made vehicles. If you want to finance a new Toyota, your monthly payments will be lower than average—but considering that the average car payment in 2022 was in the $700 range, you’ll want to make sure financing something brand new or close to it is a financial responsibility you’re prepared to take on before you sign any contracts.
Take a look at the table below for more information about the average monthly
loan payments
for some of Toyota’s most popular 2022 and 2023 models. Keep in mind that these figures are for the base trim of each model after putting 10% down on a 72-month loan with an estimated annual percentage rate (APR) of 4.9%
MSRP range
Average monthly payment
$21,550 - $26,700
$25,945 - $36,370
$25,075 - $33,370
$28,770 - $34,550
$36,825 - $43,525
$33,595 - $41,740
$24,280 - $27,300
$27,575 - $37,280
$36,420 - $51,025
$38,805 - $53,270
$50,500 - $69,775
$35,385 - $51,605
$28,080 - $49,390
$39,015 - $75,245
Remember, the exact monthly loan amount will depend on not just the model and model year of your Toyota, but also how much money you put toward a down payment, the
trade-in value
of your old car, your credit score (which affects your
), and the loan term length. 
Your monthly payment will be lower if you choose a
72-month term
over an 84-month one, but your APR is typically lower when financing a brand-new vehicle versus a used one.   
made it painless to find coverage for my new car in a short time.” —Jacquelyn T.
MORE: All the best Toyota compact SUVs
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In order to finance a Toyota, you’ll need a credit score of at least 610.
Typically, the lowest interest rate offered by Toyota is 1.9%, but you’ll need excellent credit to qualify.
A Toyota Corolla is a great, affordable choice—and it comes as a hybrid. If you like your sedan with an extra touch of refinement, consider the Camry or Avalon, which also have hybrid versions. Top family-friendly picks include the Toyota Highlander and RAV4 SUVs—and those are both available as hybrids too!
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