Full press release for download - Toyota Financial Services
Full press release for download - Toyota Financial Services
Full press release for download - Toyota Financial Services
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<strong>Toyota</strong> <strong>Financial</strong> <strong>Services</strong> Czech s.r.o.<br />
PRESS RELEASE<br />
Electronic Car Auction<br />
Prague, 21 September 2010<br />
Starting this week, <strong>Toyota</strong> <strong>Financial</strong> <strong>Services</strong> Czech s.r.o. (TFSCZ) launches<br />
a system <strong>for</strong> electronic auctions of seized and returned cars.<br />
Last month, TFSCZ introduced the TFS ONLINE software package <strong>for</strong> end users<br />
– the Repayment Calculator, including Agreement Pre-Approval, and the<br />
Insurance Calculator, making it possible to conclude an insurance policy.<br />
Along with the customer section, the company expanded the part of its system<br />
intended <strong>for</strong> its partners (<strong>Toyota</strong> car dealers) with the Decision Maker<br />
software, designed <strong>for</strong> adopting pre-approved agreements from the customer<br />
website and their further processing, even conclusion of leasing, credit and<br />
insurance agreements at the dealer’s showroom.<br />
As part of its long-term strategy on electronic services, TFSCZ is now<br />
launching another application <strong>for</strong> its partners: the Car Auction.<br />
“The Electronic Car Auction system is going to enable our business partners to<br />
purchase from us, in an entirely transparent way, any car <strong>for</strong> which we have the<br />
right of disposal,” says Jan Hovorka, Operation Manager at <strong>Toyota</strong> <strong>Financial</strong><br />
<strong>Services</strong> Czech, adding, “These will be not only cars seized from unpaying<br />
customers but mostly cars that we get returned from operative leasing.”<br />
The electronic auction system is going to not only accelerate the sales process<br />
and sale of cars at market prices to increased numbers of buyers, but also<br />
ensure transparency of the entire sales process <strong>for</strong> everyone interested in<br />
buying these cars.<br />
Bavorská 2662/1, 155 00 Praha 5 - Stodůlky, Czech Republic<br />
T +420 222 998 300, F +420 222 998 390<br />
toyotafinance@toyotafinance.cz, www.toyotafinance.cz<br />
Registrováno v OR: oddíl C, vložka 44764 u Městského soudu v Praze<br />
IČO 65413261, DIČ CZ 65413261, Člen České leasingové a finanční asociace
Besides auction clients from amid the <strong>Toyota</strong> dealer network, TFSCZ expects<br />
other business entities doing car sales to participate in the system.<br />
The application is available from www.toyotafinance.cz, Dealer Centre section,<br />
after entering authorisation details.<br />
<strong>Toyota</strong> <strong>Financial</strong> <strong>Services</strong> Czech s.r.o. is a captive leasing company of the<br />
<strong>Toyota</strong> and Lexus car manufacturer, on the Czech market since 2000. It is part<br />
of the <strong>Toyota</strong> <strong>Financial</strong> <strong>Services</strong> international group, active in 33 countries of<br />
the world. At present, we manage around 6,000 leasing and credit agreements.<br />
The basic services offered by the company are based on financial products <strong>for</strong><br />
end customers – credit, financial and operative leasing, insurance products –<br />
insurance in instalments, <strong>for</strong> cash customers and following the termination of<br />
contractual relations with <strong>Toyota</strong> <strong>Financial</strong> <strong>Services</strong>. We also provide financial<br />
services to the <strong>Toyota</strong> and Lexus dealer network and cooperate with <strong>Toyota</strong><br />
Material Handling CZ, s.r.o. on financing <strong>Toyota</strong> and BT material handling<br />
equipment.<br />
More in<strong>for</strong>mation: Jan Hovorka, Operation Manager, tel. 222 998 320, mobile:<br />
602 663 534, e-mail: jan.hovorka@toyota-fs.com, or our official website<br />
www.toyotafinance.cz