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How can I pay towards Principal Reduction?

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 future payment(s), you may do so by:

  • Website: From the Make One-Time Payment page, select "Make Separate Principal Only Payment".  Your account must be current.
  • Mail: Include your account number and "Principal Only" on the memo line of the check and mail to:

Toyota Financial Services

PO Box 9490

Cedar Rapids, IA 52409-9490

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

Puerto Rico Customers: Please send payment(s) PO BOX 366251, San Juan, P.R. 00936-6251

Still need help?

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