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How can I reduce my principal balance?

You may pay more than the total amount due. Funds received in excess of the total amount due will reduce your principal balance and also be applied to future payment(s). Your next billing statement may show that your account is paid ahead.

If you want to make a payment that reduces your principal balance only and is not applied towards this or any other future payment(s), you may call us at 800-874-8822 or mail your payment to:

 Toyota Financial Services
 PO Box 9490
 Cedar Rapids, IA 52409-9490


Include your account number and "Principal Only" on the memo line of the check.

Please continue to make your normal monthly payments through your preferred payment method. Daily interest will continue to accrue on your unpaid balance.

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