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. As Chrysler Financial, the company supported financial products and services to both dealers and purchasers of Chrysler, Jeep and Dodge vehicles in the. It is a subsidiary of Toronto-Dominion Bank. ![]() 1 The company offers dealer finance plans, dealer services, and retail consumer finance plans. “We’re still very bullish on the auto space,” Howard said. TD Auto Finance is a financial-services provider. ![]() 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. Find company research, competitor information, contact details & financial data for Td Auto Finance LLC of Farmington Hills, MI. 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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