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The business known as Toyota Financial Services covers more than 30 countries and regions, including Japan. Financial services operations are coordinated by a wholly owned subsidiary of Toyota Motor Corporation (TMC), Toyota Financial Services Corporation (TFSC), which has overall responsibility for the financial services subsidiaries globally.
Usually, car leases allow the lessee to drive the car for a certain number of miles for a certain number of years. The lessee pays a fixed monthly payment for the privilege of driving the vehicle, and when the lease ends, the lessee returns the vehicle to the lessor. The lessee pays only for the value of the vehicle for the term of the lease.
Learn several differences between a lease payoff amount vs. buyout price when leasing a vehicle and explore your alternatives in different leasing scenarios.
Under the loan agreement, the lender has rights to the asset and the lease payments if the lessor defaults. In this type of lease, the lessor provides an equity portion (often 20% to 50%) of the equipment cost and lenders provide the balance on a nonrecourse debt basis. The lessor receives the tax benefits of ownership.
A loss payee clause (or loss payable clause) is a clause in a contract of insurance that provides, in the event of payment being made under the policy in relation to the insured risk, that payment will be made to a third party rather than to the insured beneficiary of the policy.
The Consumer Financial Protection Bureau on Monday ordered Toyota's credit arm to pay $60 million for tricking customers into unnecessary products that it then made unreasonably hard to cancel.
1978.5–1997 Toyota Crown; 1991.5-1994 Toyota Crown Athlete G; 1989.5-1998 Toyota Comfort; MS Platform (3M, 4M, 5M, 7M engine) 1967–1988 Toyota Crown; 1989.5–1998 Toyota Comfort; GRS Platform (2GR, 3GR, 4GR V6 engines) 2003–present Toyota Crown Athlete; 2003–present Toyota Crown Royal Saloon; 2006–2007 Lexus GS300; 2007–present ...
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