Question about paying off car with Toyota Financial

Discussion in 'Dealers & Pricing' started by mediahound, Mar 18, 2017.

  1. mediahound

    mediahound Active Member

    Joined:
    Aug 7, 2013
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    Location:
    SF Bay Area, California
    Vehicle:
    2013 Prius
    Model:
    Four
    If I pay off my Prius, do I need to tell Toyota Financial I'm doing so? Or do I just send in the check for final the amount owed?
     
  2. Air_Boss

    Air_Boss Senior Member

    Joined:
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    Location:
    New Yawk
    Vehicle:
    2012 Prius v wagon
    Model:
    Five
    If you ask them for a pay-off balance that is their clue you are doing so. Pay that and you are the title-holder.
     
  3. bat4255

    bat4255 2016 Prius v #2 and 2008 Gen II #2

    Joined:
    Nov 8, 2007
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    Location:
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    Vehicle:
    2016 Prius v wagon
    Model:
    Two
    I would contact them 1st. for a payout balance on a specific date.
     
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  4. mediahound

    mediahound Active Member

    Joined:
    Aug 7, 2013
    891
    135
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    Location:
    SF Bay Area, California
    Vehicle:
    2013 Prius
    Model:
    Four
    I have zero percent interest so I know my balance and it says the correct payoff amount online. So if I just pay that amount I'm all set? I'm just wondering if I need to do anything else in terms of letting them know and getting the title etc.
     
  5. wrprice

    wrprice Active Member

    Joined:
    Jul 11, 2005
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    Location:
    Houston, TX
    Vehicle:
    2016 Prius
    Model:
    Four Touring
    Once you've paid off the balance it'll take them a bit of time, but it should happen more or less automatically. Depending on your state of residence it may take some time (several weeks) to release the title.

    There's no reason not to call them to ask about the particulars of your account for a definitive answer.
     
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