TD Auto Finance offers several repayment options, including automatic payments. Once you’ve financed your car with TD Auto Finance, you’ll need to start paying off your loan.
But as of October 2020, the past two years of reviews don't have a single above 2 stars. You won't find much in the way of online customer reviews for TD Auto Finance. 31, according to .1.1 out of 5 stars, based on 79 customer reviewsĤ.8 out of 5 stars, based on 168,947 customer reviewsĤ.4 out of 5 stars, based on 60,116 customer reviews TD Bank USA held about $22.8 billion in auto loans in its loan book as of Dec. TD Auto Finance has indirect-loan relationships nationwide with about 6,700 dealerships, Howard said. TD will also provide the financial products available to dealers where the bank is not an indirect auto lender. TD Auto Finance will first market to auto dealerships on the West Coast where it already has formed partnerships for indirect auto lending to consumers, said Anne Kline, head of dealer commercial services. “We’re still very bullish on the auto space,” Howard said. TD Bank does not engage in subprime auto lending. TD Bank’s indirect auto lending is largely made in the super-prime and prime spaces, with only a small portion made in the near-prime space. and Canada, TD Bank executives are not concerned that the expansion will increase the bank’s risk profile, Howard said. “When you are the dealership’s floor-plan lender, it puts you in the position to be their primary indirect lender.”Īlthough consumer debt levels have recently spiked, both in the U.S.
“As an indirect lender, you’re just one of many lenders they are dealing with,” Howard said.
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