![]() ![]() The statewide deployment is presently underway, and dealers whose banks are live on The Clearing House’s RTP® network, the real-time payment system, will be able to access it in phases over the coming weeks. In October 2021, TD Auto Finance rolled out real-time payments to a small set of dealers as a test. ![]() This allows dealers to better manage their cash flow and gain a better understanding of their financial situation. ![]() ![]() A TD Auto Loan is available for new and used vehicles (up to 5 years old) Minimum TD Auto Loan amount is 7,500. TD Auto Finance can fund dealers as contracts are booked during the day with real-time payments, rather than sending batch payments via ACH overnight. Typical auto loan amount is between 20,000-50,000. TD Auto Finance, a subsidiary of TD Bank, has launched real-time payments for its network of dealers, making it the first indirect auto lender to offer this service countrywide. ![]()
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