TD Auto Finance is a financial-services provider.[1] The company offers dealer finance plans, dealer services, and retail consumer finance plans. It is a subsidiary of Toronto-Dominion Bank.
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TD Auto Finance corporate offices, Farmington Hills
As Chrysler Financial, the company supported financial products and services to both dealers and purchasers of Chrysler, Jeep and Dodge vehicles in the United States, Canada, Mexico, Puerto Rico and Venezuela. It was based in Farmington Hills, Michigan, with a final total of 3,600 employees, and a global contract of $75 billion as of 2007. In January 2009, Chrysler Financial was the recipient of $1.5 billion from the Troubled Asset Relief Program (TARP). The company said that it used the money to fund 85,000 loans to purchase Chrysler automobiles. Chrysler Financial repaid the TARP loan in July 2009 by raising funds from an asset-backed securitization through the Term Asset-Backed Securities Loan Facility program.[2]
auto, finance, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, july, 2016, . This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources TD Auto Finance news newspapers books scholar JSTOR July 2016 Learn how and when to remove this template message TD Auto Finance is a financial services provider 1 The company offers dealer finance plans dealer services and retail consumer finance plans It is a subsidiary of Toronto Dominion Bank TD Auto FinanceTypeSubsidiaryIndustryAuto LoansFinancial servicesFoundedChrysler Credit CorporationHeadquartersFarmington Hills MichiganProductsChrysler Financial CanadaChrysler Financial MexicoChrysler Financial de Venezuela CFdV OwnerToronto Dominion BankWebsiteTDAutoFinance comThis section needs expansion You can help by adding to it March 2020 TD Auto Finance corporate offices Farmington HillsAs Chrysler Financial the company supported financial products and services to both dealers and purchasers of Chrysler Jeep and Dodge vehicles in the United States Canada Mexico Puerto Rico and Venezuela It was based in Farmington Hills Michigan with a final total of 3 600 employees and a global contract of 75 billion as of 2007 In January 2009 Chrysler Financial was the recipient of 1 5 billion from the Troubled Asset Relief Program TARP The company said that it used the money to fund 85 000 loans to purchase Chrysler automobiles Chrysler Financial repaid the TARP loan in July 2009 by raising funds from an asset backed securitization through the Term Asset Backed Securities Loan Facility program 2 In December 2010 Toronto Dominion Bank announced it would acquire Chrysler Financial for 6 3 billion from private equity firm Cerberus Capital Management The company was renamed TD Auto Finance in early June 2011 3 TD has more than 83 000 employees worldwide offering a range of financial products and services to almost 25 million customers 4 See also EditEconomy of metropolitan DetroitReferences Edit About Us TD Auto Finance Archived from the original on February 28 2014 Retrieved 2014 02 28 Dealbook 14 July 2009 Chrysler Financial Pays Back Its TARP Loan The New York Times Retrieved 2014 02 28 History TD Auto Finance Archived from the original on July 16 2014 Retrieved 2014 02 28 TD Auto Finance Retrieved 14 April 2020 External links EditOfficial website Retrieved from https en wikipedia org w index php title TD Auto Finance amp oldid 1171893505, wikipedia, wiki, book, books, library,
