RH
Richard H

1 reviews | Active since Aug 2015

03 Aug 2015, 10:06

Are we being ****med?

My vehicle was involved in an accident and has been written off. Toyota Financial Services quoted me a settlement on the 10 June. Now, a month later, the insurance company is ready to settle the claim. I am now told that the settlement figure has increased by R2k. On Thurs 23rd July I sent an email to query this. On Wed 29th, and after many emails, I eventually got a reply email to say that it was due to the extra month's interest. I rep**** to point out that in the interim I had been charged another instalment, so in fact that capital amount should have decreased again. No response.<br> I resorted to calling their helpline and trying to speak to someone in charge. Their supervisor/manager's response was that the settlement had increased because it had now been requested by an insurance company!!<br> I was assured that I would be contacted by their legal department to revise the settlement - many phone calls later, I am still waiting!!!

0
Replies (1)
Toyota Financial Services (TFS)
Toyota Financial Services (TFS)'s reply25 Aug 2015, 12:23
Official
Hello Richard Hatch,

Thank you for bringing your observations to our attention once again and affording us the opportunity to address this issue comprehensively.

As a service driven organisation, Toyota Financial Services (TFS) goes to great lengths to render unsurpassed service excellence to all our valued customers with every interaction. It is therefore extremely disappointing when our actions have caused you to question our integrity.

Detailed feedback was provided clarifying that the initially quoted settlement was inclusive of the debit order that was due, meaning that a total of R184,624.07 was required. The following settlement that was quoted included a termination fee that, at the discretion of the credit provider, was negotiated in lieu of your continued patronage.

We hope that this matter was resolved to your satisfaction and that our efforts have restored your faith in Toyota Financial Services as your asset financier of choice.

Yours sincerely,
Toyota Financial Services