TORRANCE, Calif., Aug. 1, 2017 /PRNewswire/ -- Toyota Financial Services (TFS) helps drivers with lost, stolen, or damaged car keys get back on the road with its new Key Replacement Protection product.
Advanced technology from today's modern car keys offer additional security and convenience, but this can add to the cost to replace a vehicle key.
"Today's vehicle technology is great for consumers," said Karen Ideno, Toyota Financial Services Vice President of Product & Marketing. "Unfortunately, this sometimes comes with a high cost to replace. We know key replacement can be stressful for our customers, and we're happy to now offer a solution."
To help alleviate the potential financial impact of customers' lost, stolen or damaged keys, Toyota Financial Services / Lexus Financial Services (TFS/LFS) is launching its newest protection product – Key Replacement, built and supported by the strength of Toyota and Lexus.
Key Replacement Protection Benefits include*:
- Replacement of the covered vehicle key/remote if lost, damaged, or stolen, up to $800 per occurrence
- Lock-out assistance to unlock the vehicle if your vehicle keys are lost, damaged, or stolen, up to $100 per occurrence
- Towing assistance, up to $100 per occurrence
- Taxi/rental vehicle/public transportation reimbursement, up to $75 per occurrence
- Replacement benefit for additional nonprogrammable keys on the key ring, up to $250 per covered key claim for a total of up to three (3) occurrences
Key Replacement Protection has been added as an enhancement to the TFS/LFS Tire & Wheel program, and will be offered as a standalone product later this year. TFS has partnered with Safe-Guard Products International, an industry leader in administering vehicle protection products, to ensure quality service to Key Replacement Protection customers.
We can't help find your car keys, but we can take the stress out of replacing them!
*Coverage exclusions may apply as follows: 1) Replacement keys, if two (2) master keys were not received at the time of purchase/lease of the vehicle. 2) Replacement keys, if the damaged keys are covered by the manufacturer's, repairer's, or supplier's warranty or recall. 3) Any costs associated when the vehicle key becomes inoperable due to malfunctioning, or a result of reprogramming of the vehicle's main body ECU. Please refer to the applicable service agreement or motor club membership for additional details of terms, conditions, and specific coverage details, including limitations and exclusions, transferability and cancelability. Plans are not available in all states. Coverage may vary by state. This product is optional, cancellable (see agreement terms) and not required to obtain credit.
About Toyota Financial Services
Toyota Financial Services (TFS) is the finance and insurance brand for Toyota in the United States, offering retail auto financing and leasing through Toyota Motor Credit Corporation (TMCC) and Toyota Lease Trust. TFS also offers extended service contracts and other vehicle and payment protection products through Toyota Motor Insurance Services (TMIS). The company services Lexus dealers and customers using the Lexus Financial Services brand. TFS currently employs approximately 3,100 associates nationwide, and has assets totaling over $119 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. We announce material financial information using the investor relations section of our website (www.toyotafinancial.com) and SEC filings. We use these channels, press releases, and social media to communicate about our company, our services and other issues. While not all information we post on social media is of a material nature, some information could be material. Therefore, we encourage those interested in our company to review our posts on Twitter at www.twitter.com/toyotafinancial.
Points of Light has named TFS one of its Civic 50, which recognizes the most community-minded companies in the nation. For more information about the company's support of financial literacy, youth development programs, and other community initiatives, please visit www.tfsinthecommunity.com.
About Safe-Guard Products International, LLC
Founded in 1992 and based in Atlanta, Safe-Guard Products International, LLC is the leading provider of Finance and Insurance products in the automotive aftermarket industry as well as the RV, marine and motorcycle/powersports segments. The Company develops, markets and administers the highest-quality Finance and Insurance programs and matches them with unparalleled customer service, advanced technology solutions, and industry-leading training. Safe-Guard is a proud partner to more than half the country's top 500 dealers, the most successful general agents and the largest dealer groups across the United States and Canada. With a complete product portfolio and smart technology solutions, top Original Equipment Manufacturers (OEMs), dealers, and independent agents choose Safe-Guard more than any other provider. For more information, please visit www.safe-guardproducts.com.
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SOURCE Toyota Financial Services