TD Auto Finance is a financial services provider, established in 1964 and based in the United States. In December 2010, Toronto-Dominion Bank made a significant move by acquiring Chrysler Financial for $6.3 billion from private-equity firm Cerberus Capital Management, leading to the company's renaming as TD Auto Finance in early June 2011. The company's offerings include a variety of wholesale finance plans, such as dealer finance plans, dealer services, retail consumer finance plans, lease programs, and auto-insurance programs. This acquisition indicates the bank's strategic approach to expanding its presence in the financial services and insurance sectors.