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How do I refinance with Toyota Financial?

Is there any way to refinance my loan with Toyota Financial? I'm paying too much every month, and I really need to lower my payments.

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Liz Jenson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Unfortunately, you can’t refinance your Toyota Financial loan through Toyota. But you can refinance through a different lender. If you do want to refinance your car, try following these steps:
  • Calculate how much you need to pay off and determine if you have positive or negative equity.
  • Gather offers from different lenders and pick one that best suits your needs—ideally with a low-interest rate.
  • Pick a lender and work out your monthly rate.
  • Sign your contract and use the new loan to pay off your Toyota Financial loan.
  • Set up autopay with your new lender to make sure you never miss a payment.
If you’re looking for other ways to lower your monthly spending, you can use
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