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Toyota owners reap new rewards: Toyota Financial Services introduces Toyota Rewards Visa® to help consumers buy and maintain their vehicles
Toyota owners reap new rewards: Toyota Financial Services introduces Toyota Rewards Visa® to help consumers buy and maintain their vehicles
Toyota Rewards Visa cardmembers earn Toyota Rewards Points that can be redeemed toward parts and accessories, an eligible vehicle lease or purchase, or service from participating Toyota dealerships.
October 14, 2008 - Torrance, CA - Americans' love affair with their vehicles drives them to spend nearly 18 cents of every dollar on transportation each year - with the majority going to car ownership and maintenance (U.S. Bureau of Labor Statistics' Consumer Expenditure Survey). Given that vehicle ownership is not only a part of life but also a reflection of personal style, Toyota Financial Services (TFS) has designed a new program to help Toyota owners reduce the cost of ownership. The new Toyota Rewards Visa®, issued by Toyota Financial Savings Bank, is designed to allow qualified Toyota enthusiasts to turn everything they buy into Toyota Rewards Points redeemable toward service, parts, accessories or an eligible vehicle purchase or lease at participating Toyota dealerships.
"Already a leading provider of automotive financial services, TFS is extending its line of financing products to U.S. Toyota customers and dealers with the new rewards credit card option," said Mike Wells, Group Vice President of Toyota Financial Services. "Toyota consumers are incredibly loyal, and we're rewarding them by offering another smart financial management tool to help them get more out of their Toyota relationship. At a time when many consumers require extra saving and spending power, the Toyota Rewards Visa is the card that gets them more. Qualified consumers can obtain a card and redeem rewards earned through everyday purchases and use them on their Toyota vehicles."
Whether out dining, shopping or simply getting a cup of coffee, Toyota Rewards Visa earns Cardmembers Toyota Rewards Points redeemable toward all kinds of service, parts, accessories, or an eligible vehicle purchase or lease at participating Toyota dealerships. Cardmembers can earn as they spend and realize the benefits immediately:
- Special introductory APR on all new purchases for the first six months of card ownership
- No limit on how many Toyota Rewards Points you can redeem toward your next eligible Toyota
- Redeemable toward eligible purchase or lease at participating Toyota dealers
- Earn 5 Toyota Rewards Points for every $1 spent at participating Toyota dealerships
- Earn 1 point for every $1 spent everywhere else that Visa is accepted
- Receive 2,500 bonus Toyota Rewards Points upon first purchase redeemable toward next eligible dealership purchase
- No annual fee for the Toyota Rewards Visa
"Credit means convenience, and today's financially-savvy consumer will look for credit card programs that work harder for them," said Wells. "The Toyota Rewards Visa is a smart choice for Toyota owners who want access to the daily convenience of a Visa card and the financial peace of mind knowing that their purchases add up to rewards redeemable at their local Toyota participating dealership."
Visit www.ToyotaRewardsVisa.com or call 866-614-8845 for complete details. For more information on Toyota Financial Services' competitive financing, visit www.toyotafinancial.com.
On approved credit. Terms, conditions and restrictions apply and are fully described in the Toyota Rewards Cardmember Agreement and the Toyota Rewards Program Terms and Conditions. For more information, visit ToyotaRewardsVisa.com. To qualify, you must have a valid permanent home address within the 50 United States or District of Columbia. Redemption only available at participating Toyota dealerships in the continental United States and Alaska. Toyota Rewards Points cannot be redeemed for cash.
About Toyota Financial Services
Since 1983, Toyota Financial Services has helped millions of Toyota customers drive the vehicle of their dreams. From flexible lease and finance plans, to vehicle and payment protection products that add peace of mind, its programs are designed to meet the unique needs of Toyota drivers. TFS is committed to offering quality products that provide convenience and value, and to delivering consistent support that helps ensure customer and dealer satisfaction. Learn more at www.toyotafinancial.com.
Toyota Financial Services is a service mark used by Toyota Motor Credit Corporation (TMCC), Toyota Motor Insurance Services, Inc. (TMIS) and Toyota Financial Savings Bank. Vehicle finance, and vehicle and payment protection products are available through participating Toyota dealerships and TMCC and TMIS respectively. The creditor and issuer of the Toyota Rewards Visa is Toyota Financial Savings Bank.
These excerpts were taken from a CNNMoney.com article
Scion is most reliable car - Consumer Reports
The Scion xD is the most reliable 2009 model-year car, according to Consumer Reports.
The Scion xD small wagon has the best predicted reliability of any car in the survey. It had 80% fewer problems than the average car in the survey.
No U.S.-based car brand finished in the top ten. The closest were Ford's (F, Fortune 500) three domestic brands - Ford, Lincoln and Mercury - which all had average reliability. Lincoln ranked 11th, just behind Kia.
Ford's trucks and truck-based SUVs, such as the Ford F-250 pick-up and Mercury Mountaineer, dragged down the company's overall performance ratings.
Honda's luxury Acura brand ranked second (behind Scion), followed by Honda's mainstream Honda brand. Toyota and its luxury brand Lexus ranked fourth and fifth in survey.For General Motors (GM, Fortune 500), the best ranking overall brand was Buick, which was 18th with average overall reliability. A quarter of GM's products still rank below average in reliability, though, according to the magazine.
All three of Chrysler's brands - Jeep, Dodge and Chrysler - had worse than average overall reliability, according to the magazine. Two-thirds of Chrysler products are below-average in reliability, the magazine said.
The Chrysler Sebring Convertible has the worst reliability of any model in the survey. Sebring owners, on average, had 283% more problems with their car than the average vehicle in the survey.
"At time, we are not satisfied with our performance," said Chrysler spokeswoman Beverly Thacker, who added that the company is working aggressively to improve customer satisfaction, she said.
Toyota bounced back from last year, when Consumer Reports announced it would no longer recommend V6 versions of the popular Camry sedan or four-wheel-drive V8 versions of its Tundra pick-up because of poor reliability. This year, all 42 Toyota, Lexus and Scion models in the survey scored "better than average" for reliability.
"When [a quality problem] like that comes to light, we jump on it," said Toyota spokesman Curt McAllister.
Consumer Reports surveys its subscribers about vehicles from all three of the most recent model years, unless the vehicle has changed significantly.
If the vehicle has changed in that time, only vehicles built since the change are included.
Consumer Reports' rankings are based on survey responses from subscribers to the magazine and its Web site. Responses included information on almost 1.4 million vehicles, the magazine said. 