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Toyotafinance.COM Reports & Reviews (1)

• Aug 10, 2023

There have been 2 different incidents where Toyota displayed INCORRECT TRANSACTIONS as followed:  

Incident 1:  

On January 2023, Redlands of Toyota dealer overcharged me, a total of 

$ 3195.00 on new car purchase.  

After voiced my concern about the OVERCHARGE, Toyota Dealer refunded me $3195.00.  In stead of money refund, they put it into my car payments.  After correction, the initial total loan balance was  $ 38990.80.  

Incidence 2:  

Because Toyota Dealer put the overcharged money back into car payment, first payment started in July, 23 (purchased in January 23), in stead of Feb 2023.  

1st payment made in July 5, 2023:  $254.40. 

2nd monthly payment made in August 2, 2023:  $689.88

Despite of the fact that I have made 2 car payments which is a total of $944.28.  Those have not been reflected into initial loan balance, 

 $38990.80 as evidenced by:  

Total loan balance upon car purchase after correction :  $38990.80

Total loan balance AFTER 1st monthly payment:  $38990.80

Total loan balance AFTER 2nd monthly payment:  $38990.80

(I didn’t realized these until 8/10/23). 

Other Issue:

Toyota loan 5.49% 72 month $689.88

BOA. Loan. 6.69%. 72 month. $ 642.22

Pen Fed. 7.9%. 72 month. $ 662.37.

Toyota has the lowest interest 5.49% as shown above, but has the highest monthly payment ($689.88). HOW?

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