What is a Toyota Business Solutions Vehicle Credit Line?
Toyota Business Solutions by Toyota Financial Services (TFS) allows qualifying companies that open a minimum of $100,000 credit line or vehicle credit line (VCL) towards purchasing new Toyota vehicles.  This can really come in handy, for example, when buying a Toyota Sienna for your flower delivery business or a new Toyota Tundra for your construction business, or whatever your Toyota vehicle needs may be.

Once approved by Toyota Financial Services (now through January 5, 2013) you can apply your VCL towards the purchase or lease of a new Toyota car, truck, van, or SUV.  Business that qualify can then apply the rebate towards the down payment of a Toyota vehicle purchase (on a retail and/or preferred option contract) or use the rebate towards to the Capitalized Cost Reduction of the new Toyota lease.

How can my business get the $100,000 vehicle credit line?
Pending approved credit, the VCL (vehicle credit line) can be received and applied to select new Toyota's by meeting the following requirements are met:

• Meet the criteria to be a Toyota Financial Services Business Solutions customer including acceptable credit (email Sam or fill out the form below for details
• Qualified businesses must open a minimum vehicle credit line of $100,000 with Toyota Financial Services*
• Finance a new, untitled Toyota car, truck, SUV, or minivan within the program period date as above

Once my business is approved, how long does the VCL last?
At Handy Toyota of St. Albans, Vermont we are thrilled to have your repeat business - both retail customers and business customers alike, which is why we offer this great program.  Since this is a lengthy approval process it actually does tend to take longer to get approved than a non-business consumer purchasing or leasing one new Toyota vehicle.

So what's the upside?  As a business, once you get qualified for a Toyota Business Solutions Vehicle Credit Line your VCL will be good for twelve (12) months and will greatly help speed up the purchase/leasing process for your future new Toyota vehicle needs.

What is a brief, general breakdown of how the business solutions' approval goes?

To be considered for a Toyota Business Solutions VCL approval, the following must apply:

1. Your business must be approved for $100,000 vehicle credit line through our dealership and the contract must originate from our dealership
2. The applying business must be a legal entity:  a corporation, general partnership, limited partnership, limited liability company, or sole proprietorship
3. The business customer must finance one or more new, untitled Toyota vehicles within the stated eligibility period after being approved for a VCL by Toyota Financial Services
4. The business must be listed as the primary buyer or lessee on the contract

This all sounds great, but what documentation do I need?
Depending on the type of business you are, documentation is likely to change.  Here are some examples of business types and appropriate verification and documentation thereof for each.

1. Sole Proprietorship
• Verification
• A copy of Fictitious Name Filing or verification of active name from a County Website
• A copy of an applicable "Schedule C" from your business's most recent tax return to support existence of the sole proprietorship
• A copy of the proprietorship's current Business License
• Documentation
• A signed Business Credit Application
• The name of the business with the primary owner listed as "co-signer"
• The signature of the Proprietor's name
2. Corporation
• Verification
• A copy of the Articles of Incorporation form or verification of active name from SOS
• Documentation
• A signed Business Credit Application including the business's Federal Tax Identification Number
• The legal name and trade name of the business
• A signature of the business's Legal Name by an officer or director
• A Corporate Resolution and Incumbency Certificate
3. General Partnerships
• Verification
• A copy of the Partnership Agreement
• A copy of the Fictitious Name Filing or verification of an active name from a County Website
• Documentation
• A signed Business Credit Application with the business's Federal Tax Identification Number
• The Partnership Name and Trade name
• A signature of a Partnership Name by Partner
• A Partnership Resolution and Incumbency Certificate
4. Limited Partnership
• Verification
• A copy of the Partnership Agreement or verification of an active name from SOS
• A copy of the Fictitious Name Filing or verification of an active name from a County Website
• Documentation
• A signed Business Credit Application with the business's Federal Tax Identification Number
• The Partnership Name and Trade name
• A signature of a Partnership Name by Partner
• A Partnership Resolution and Incumbency Certificate
5. Limited Liability Company (LLC)
• Verification
• A copy of the Articles of Organization or verification of an active name from SOS
• Documentation
• A signed Business Credit Application with the business's Federal Tax Identification Number
• The Partnership Name and Trade name
• A signature of a the legal name by the owner
• An LLC Resolution and Incumbency Certificate