Toyota Motor Credit Corporation Grows its Mazda Financial Services Private Label Business with launch of Mazda Protection Products
Offering a comprehensive suite of vehicle and payment protection products to Mazda dealers and customers
PLANO, Texas, August 1, 2020 – In April, Toyota Motor Credit Corporation (TMCC) announced it had launched a private label financial services business commencing with the provision of services to Mazda North American Operations (MNAO) marketed under the brand Mazda Financial Services (MFS) to Mazda customers and dealers in the United States. Four months later, MFS continues to grow as Toyota Motor Insurance Services launches its comprehensive suite of vehicle and payment protection products under the name Mazda Protection Products (MPP).
“Our strategic business plan is to continuously transform and grow to serve our partners at Mazda North American Operations and Mazda dealers and customers,” said Karen Ideno, group vice president, sales, product & marketing, MFS. “We’ve tailored these products specifically for our Mazda partners to meet the needs of Mazda customers and build loyalty to the brand. We’re confident in the strategic value they will bring to Mazda dealers and are thrilled to continue to grow our partnership.”
Mazda Protection Products are supported by a dedicated customer loyalty team, whose focus is to inform and educate customers on the value of vehicle and payment protection products and support customer retention.
Mazda Protection Products include:
- Vehicle Service Agreements (VSA)
- Three varied plan types to protect owners from certain covered repair costs after the vehicle warranty expires
- Value-added benefits such as roadside assistance, travel protection, substitute transportation
- Prepaid Maintenance
- Plans for new and used vehicles to preserve safety, performance and resale value
- Key Replacement
- Covers up to $800 for lost, stolen or damaged car keys and fobs
- Guaranteed Auto Protection (GAP)
- Waives or pays the difference between the balance owed on the vehicle and insurance settlement if the vehicle is deemed a total loss (minus certain fees; details vary by state)
- Tire & Wheel
- Provides coverage for damaged tires and wheels due to hazard events
- Excess Wear & Use
- Waives excess wear and use fees to simplify end of lease process
More information on Mazda Protection Products can be found at https://www.mazdafinancialservices.com
About Toyota Motor Credit Corporation
Toyota Motor Credit Corporation (TMCC) operates in the United States to offer retail auto financing and leasing to customers through auto dealerships. TMCC has a range of products to meet dealers’ financing needs and also offers extended service contracts and other vehicle and payment protection products through Toyota Motor Insurance Services (TMIS) and its subsidiaries. TMCC offers its finance and protection products to Toyota customers and dealers using the Toyota Financial Services brand name. Lexus Financial Services is the brand for finance and protection products for Lexus dealers and customers. Mazda Financial Services is the brand name for finance products for Mazda dealers and customers. As of March 31,2020 TMCC employed approximately 3,300 team members nationwide, and has assets totaling nearly $126 billion. It is part of a worldwide network of comprehensive financial services offered by Toyota Financial Services Corporation, a wholly-owned subsidiary of Toyota Motor Corporation.
TMCC announces material financial information using the investor relations section of its website (www.toyotafinancial.com) and SEC filings. TMCC uses these channels, press releases, and social media to communicate about its company, services and other issues. While not all information TMCC posts on social media is of a material nature, some information could be material. Therefore, the company encourages those interested in TMCC to review its posts on Twitter at www.twitter.com/toyotafinancial.