CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
19. Optional Insurance and Other Products
<RXDUHQRWU
HTXLUHGWREX\DQ\RIWKH2SWLRQDO,QVXUDQFHRU2WKHU3URGXFWVOLVWHGEHORZWRHQWHULQWRWKLV/HDVHDQGWKH\DUHQRWD factor in our credit decision. These insurance and other products will not be provided unless the appropriate box is checked, all information LV¿OOHGLQ\RXVLJQEHORZDQG\RXDUHDFFHSWHGE\WKH3URYLGHU%\\RXUVLJQDWXUHEHORZ\RXDJUHHWKDW\RXKDYHUHFHLYHGDQRWLFHRIWKH terms of the insurance or product, and you want to obtain the insurance or product for the premium or charge shown. A portion of the premium or charge shown may be retained by the Lessor (Dealer).
F Optional Credit
Life Insurance
$ ____________,
Beginning Coverage
___________________________________________________,
Provider
$ ____________,
Premium
F Optional Credit
'LVDELOLW\,QVXUDQFH
$ ________________,
Maximum Monthly Coverage
___________________________________________________,
Provider
$
____________,
Premium
F
Optional Service Contract
_________,
_____,
Miles/Coverage Months
___________________________________________________,
Provider
$ ____________,
Premium or Charge
E
E
Lessee
Co-Lessee
D
D
Lessee
Co-Lessee
Lessee
C
Co-Lessee
C
____________________________________________________________________________________ ____________________________________________________________________________________, Insured(s)
____________________________________________________________________________________ ____________________________________________________________________________________, Insured(s)
(VWLPDWHG2IÀFLDO)HHVDQG7D[HV
7KLVLVDQHVWLPDWHRIWKHWRWDODPRXQW\RXZLOOSD\RYHUWKH/HDVH7HUPIRURI¿FLDODQGOLFHQVHIHHVUHJLVWUDWLRQWLWOHDQGWD[HV LQFOXGLQJ
personal property taxes), whether included in your Total Monthly Payment (Section 9.l), the Amount Due at Lease Signing or Delivery (Section 7) RUELOOHGVHSDUDWHO\7KHDFWXDOWRWDORI2I¿FLDO)HHVDQG7D[HVPD\EHKLJKHURUORZHUWKDQWKLVHVWLPDWHGHSHQGLQJRQWKHWD[UDWHVLQHIIHFWRU the value of the Vehicle at the time a fee or tax is assessed. 7KLVHVWLPDWHLVEDVHGRQ\RXUFXUUHQWDGGUHVVDQGPD\LQFUHDVHLI\RXPRYH RULIWD[UDWHVFKDQJH<RXDUHUHVSRQVLEOHIRUSD\LQJDQ\LQFUHDVHV See Section 27 for additional information.
16. Charges for Late/Returned Payments
If we do not receive a full Monthly Payment within 10 days after it is due, you must pay a late payment charge of 5% of the unpaid amount or $10, whichever is greater.
If any payment (including an electronic funds transfer) you make to us is not honored or returned to us for any reason, in addition to any late charges, you may be charged a fee of $25, as permitted by law.
Estimated Total $
18. Warranty
If the Vehicle is a new or a demo Vehicle, the Vehicle is subject to the standard new warranty from the manufacturer. If the Vehicle is used, it is QRWFRYHUHGE\DZDUUDQW\XQOHVVLGHQWL¿HGEHORZ
F Remainder of standard new vehicle warranty from manufacturer F Used vehicle warranty from manufacturer
81/(66:(0$.($:5,77(1:$55$17<25(17(5,172$6(59,&(&2175$&7:,7+,1 '$<6)5207+('$7(2)7+,6/($6(
AND EXCEPT AS STATED IN THE PARAGRAPH IMMEDIATELY ABOVE, OR AS OTHERWISE PROVIDED BY LAW, YOU ARE LEASING THIS 9(+,&/(´$6,6µ7+(5($5(12:$55$17,(6$6727+(9(+,&/(·6&21',7,210(5&+$17$%,/,7< 68,7$%,/,7< 25),71(66 )25$3$57,&8/$5385326(
2,277.49
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N/A
N/A N/A
N/A
N/A N/A
N/A
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N/A
N/A
N/A N/A
N/AN/A N/A
N/A
N/A N/A
T638980202-DP638980203 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638980202-DP638980203 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:38:51 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
YOUR OBLIGATIONS DURING THIS LEASE
21. Vehicle Maintenance and Damage
You are responsible for all maintenance, repair,
service, and operating expenses of the Vehicle. You agree to keep the Vehicle in the same condition as when you received it, except for reasonable wear, to maintain the Vehicle so that any warranties or similar agreements remain effective and so that it passes all inspections required by law, to follow the owner’s manual and maintenance schedule, and to provide us with written proof of such maintenance. You agree to make the Vehicle available to us for inspection during the Lease Term at any reasonable time and place that we request. 3URKLELWHG8VHVRIWKH9HKLFOHYou agree that you will not, nor permit others to:
a. use the Vehicle in any illegal manner, in violation of your insurance policy, or without the insurance coverage described in Sections 15 and 24; b. alter or install any equipment on or in the Vehicle without our written consent. Any accessions to the Vehicle become our property; c. subject the Vehicle to any lien, seizure or other involuntary transfer; d. use the Vehicle to transport goods or people for hire; H UHPRYHWKH9HKLFOHIURPWKHVWDWHZKHUHLWZDV¿UVWWLWOHGIRUPRUHWKDQGD\VZLWKRXWRXUZULWWHQFRQVHQW
&RPSOHWH$JUHHPHQWRU0RGLÀFDWLRQ
By your signa
ture, you acknowledge that this Lease contains the entire agreement for the Lease of this Vehicle. There are no other agreements.
Any change to this Lease must be in writing, and signed by you and by us.
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Lessee
J
Co-Lessee
F 2SWLRQDO*XDUDQWHHG$XWRPRELOH3URWHFWLRQ(See Section 31) ___________________________________________________,
Provider
$ ____________,
Premium or Charge
F
Optional Maintenance Agreement
___________________________________________________
,
Provider
$ ____________,
Premium or Charge
F
F
Lessee
Co-Lessee
Lessee
Co-Lessee
G
G
F Optional Excess Wear and Use Protection Plan
___________________________________________________,
Provider
$ ____________,
Premium or Charge
F Optional Tire and Wheel Protection Plan
___________________________________________________
,
Provider
$ ____________,
Premium or Charge
Total Premiums and Charges $
Lessee
Lessee
H
I
Co-Lessee
Co-Lessee
H
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N/A N/A
N/A
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N/A N/A
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T638980202-DP638980203 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638980202-DP638980203 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:38:51 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
f. take the Vehicle outside the continental United States (except to Canada or Mexico for less than 30 days, if you have our consent and have provided us with proof of insurance);
g. use the Vehicle in a way that causes the cancellation or suspension of any warranty or other similar protection agreement; or h. allow anyone else to regularly use the Vehicle without our written consent. $VVLJQLQJVXEOHDVLQJ SOHGJLQJ
RUSHUPLWWLQJDVHFXULW\LQWHUHVWWREHFUHDWHGLQRULQDQ\RWKHUZD\WUDQVIHUULQJE\\RXRIDQ\LQWHUHVWLQ WKH9HKLFOHRUWKLV/HDVHLVVWULFWO\SURKLELWHG
23. Title and Registration. Legal title to the Vehicle will be in our name and the Vehicle will be registered as we direct. You must promptly pay all title, registration, and license fees.
5HTXLUHG,QVXUDQFH7KHOLPLWVUHTXLUHGXQGHUVWDWHODZPD\QRWEHVXI¿FLHQWIRU\RXUQHHGV6HH\RXULQVXUDQFHSURYLGHUIRUPRUHLQIRUPDWLRQYou PD\REWDLQWKHUHTXLUHGFRYHUDJHVWKURXJKDQ\LQVXUDQFHFRPSDQ\DJHQWRUEURNHU\RXFKRRVHZKLFKLVUHDVRQDEO\DFFHSWDEOHWRXV DQGDXWKRUL]HGWRGREXVLQHVVLQWKHVWDWHZKHUHWKH9HKLFOHLVORFDWHG This insurance may be provided through existing policies that you own or control if it otherwise meets all requirements. The insurance policy must be acceptable to us, name Toyota Lease Trust as additional insured and loss payee, and give us at least 10 days written notice before any cancellation or reduction in coverage. You authorize us to endorse your name(s) on any check or draft from your insurance company for any claim. You must provide us with written proof of this insurance, including a copy of the insurance policy, at any time during the term of this Lease at our request. You agree to release to us all insurance or other proceeds you receive for damages or loss to the Vehicle (including any premium refunds on the Required Insurance) up to the amount you owe us. 1RWLFH
/LDELOLW\LQVXUDQFHFRYHUDJHIRUERGLO\LQMXU\DQGSURSHUW\GDPDJHFDXVHGWRRWKHUVLVQRWLQFOXGHGLQWKLV/HDVH 3D\PHQW2EOLJDWLRQVYou may not change or stop your Monthly Payments for any reason, even if the Vehicle is stolen, destroyed, seized by the government, non-operative, experiences any mechanical problem, or does not perform satisfactorily. We may apply each Monthly Payment and each other payment we receive to past due payments, current payment due, late charges, and other amounts due under this Lease in any order we choose, to the extent permitted by law.
26. Change in Address. You must notify us in writing within 30 days of any change in your address or the address where the Vehicle is garaged. )HHV7D[HVDQG)LQHV<RXPXVWSURPSWO\SD\DOORI¿FLDOIHHVDQGWD[HVUHODWHGWRWKH9HKLFOHDQGWKLV/HDVHLQFOXGLQJWLWOHOLFHQVHDQGUHJLVWUDWLRQ fees, and sales, use, excise and personal property taxes. These amounts may change from time to time based on changes to your address and FKDQJHVLQWD[UDWHV<RXPXVWDOVRSURPSWO\SD\DOORWKHUIHHVDVVHVVPHQWVFKDUJHVFRVWVDQG¿QHV FROOHFWLYHO\³¿QHV´
LQFXUUHGRQWKH9HKLFOHVXFK
DVWUDI¿FWLFNHWVLPSRXQGVWRZLQJFKDUJHVVWRUDJHFKDUJHVDQGWROOYLRODWLRQV6RPHELOOVIRURI¿FLDOIHHVDQGWD[HVPD\EHVHQWWR\RXIRUSD\PHQW Other bills may be paid by us on your behalf and we will charge you the amount billed to us. If you fail to pay any such amount when billed by us or by a third party, and we elect to pay it, you will reimburse us for the amount paid plus a $10 administrative fee per incident, to the extent permitted by law. In connection with these bills, you give us permission to provide information regarding you and this Lease to the billing authority. You must pay all IHHVWD[HVDVVHVVPHQWVFKDUJHVFRVWVDQG¿QHVLQFXUUHGRQWKH9HKLFOHGXULQJWKH/HDVH7 HUPHYHQLIWKH\DUHDVVHVVHGDQGELOOHGDIWHUWKLV/HDVH has ended. We may charge you an estimated amount for any remaining items at the time this Lease ends. You are responsible for any shortage in this estimate, and we will refund you any excess.
:HDUHQRWREOLJDWHGWRDSSO\IRUDQ\UHIXQGRUDEDWHPHQWRIRI¿FLDOIHHVDQGWD[HVLQFOXGLQJSHUVRQDOSURSHUW\WD[HV,I\RXPDNHDZULWWHQUHTXHVW WKDWZHDSSO\IRUDUHIXQGRIDQRI¿FLDOIHHRUWD[WKDW\RXSDLGWRXVWRZKLFK\RXDUHHQWLWOHGZHZLOO¿OHDQDSSOLFDWLRQIRUUHIXQG:HZLOOVHQGDQ\ refund we receive, less all amounts due under this Lease, to you. :HPD\SD\DQ\WLWOHUHJLVWUDWLRQOLFHQVHIHHWD[DVVHVVPHQWFKDUJHFRVWRU¿QHZKLFK\RXIDLOWRSD\DQGFKDUJH\RXWKHDPRXQWSDLG<RXDUH UHVSRQVLEOHIRUDQ\¿QHVRUSHQDOWLHVLI\RXIDLOWRSD\WKHELOOZKHQGXH
28. Default and Remedies. To the extent permitted by law, you will be in default if:
a. you fail to make any payment when it is due;
b. you fail to keep any other agreement in this Lease;
c. you provided false or misleading information when applying for this Lease; d. you become the subject of a bankruptcy or insolvency proceeding; H WKH9HKLFOHLVORVWVWROHQVHL]HGFRQ¿VFDWHGOHYLHGXSRQRUGDPDJHGEH\RQGUHDVRQDEOHUHSDLU
f. you die and there is no surviving co-lessee; or
g. you fail to return the Vehicle by the Scheduled Maturity Date and do not obtain our written consent to extend the Lease Term.
If you are in default, we may do any or all of the following, as permitted by law, after giving any legally required notices, and observing any legally required cure or reinstatement periods:
i. terminate this Lease and your right to use the Vehicle; ii. require you to return the Vehicle by allowing us to pick up the Vehicle or making it available to us at any reasonable time and place we specify; iii. take possession of the Vehicle by legal process or by self help in any manner not prohibited by law; iv. require you to pay the amounts set forth in Section 29; v. take any reasonable action to correct your default or to prevent our loss; vi. pursue any other remedy allowed by law; and
vii. require you to pay all of our reasonable expenses for taking these actions and add the amount of our expenses to the amount you owe us under this Lease, including, but not limited to, expenses for repossession, transportation, storage, collection, and legal costs, including reasonable attorneys’ fees paid to an attorney who is not our salaried employee, as allowed by applicable law.
We or our agent may take possession of personal property left in or on the Vehicle, subject to your right to recover such property, if any. We or our agent may store it for you and you will be responsible to pay for this service. If you do not take possession of the personal property, we or our agent may dispose of it as permitted by law.
T638980202-DP638980203 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638980202-DP638980203 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:38:51 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
ENDING YOUR LEASE
(DUO\7HUPLQDWLRQE\8VWe may terminate this Lease at any time if you are in default (see Section 28). If we do, you must return the Vehicle to us, at any reasonable location we specify. In addition, you must pay us, upon demand, the total of the following amounts:
a. the amounts set forth in Section 28(vii); plus
b. all Monthly Payments that have become due and are unpaid at termination; plus c. all other unpaid amounts then due under this Lease, but not including charges for Excessive Wear and Use and excess mileage (Sections 10 and 34); plus
d. an Early Termination Amount equal to, the difference, if any, between:
(i) the Adjusted Capitalized Cost as disclosed in Section 9(c); and (ii) the sum of (a) all depreciation and other amortized amounts accrued through the date of early termination, calculated in accordance with the FRQVWDQW\LHOGPHWKRGDQG
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e. any remaining Refundable Security Deposit (Section 36) or refund we receive from Optional Insurance or Other Products (Section 38).
The “Realized Value” means one of the following: (1) where the Vehicle is a total loss as a result of a theft or damage, and you maintain the Required Insurance, the amount of any applicable insurance deductible owed by you plus the proceeds of the settlement of the insurance claim, unless we agree to a higher amount; (2) the wholesale appraised value, if you elect to have an appraisal, which you may obtain, at your own expense, from a professional independent appraiser agreed to by you and us (the appraisal must be completed at least three days before the scheduled valuation or disposal date of the Vehicle, as provided by a notice that we will provide to you); (3) if we choose to retain ownership of the Vehicle for use or to lease WKH9HKLFOHWRDVXEVHTXHQWOHVVHHWKHZKROHVDOHYDOXHDVVSHFL¿HGLQWKHFXUUHQWHGLWLRQRIDUHFRJQL]HGXVHGYHKLFOHJXLGHVXFKDV.HOOH\%OXH%RRN RUWKH1$'$2I¿FLDO8VHG&DU*XLGH
RU
XQGHUDOORWKHUFLUFXPVWDQFHVWKHSULFHSDLGIRUWKH9HKLFOHDWGLVSRVLWLRQ (DUO\7HUPLQDWLRQE\<RXYou may terminate this Lease at any time prior to the scheduled end of this Lease. If you terminate this Lease early, are not in default, and do not elect to purchase the Vehicle in accordance with Section 32, you must return the Vehicle to us, at any reasonable location we specify, and you must pay us, upon demand:
a. all Monthly Payments that have become due and are unpaid at termination; plus b. all other unpaid amounts then due under this Lease, but not including charges for Excessive Wear and Use and excess mileage (Sections 10 and 34); plus
c. the Early Termination Amount determined pursuant to Section 29(d) above; minus d. any remaining Refundable Security Deposit (Section 36) or refund we receive from Optional Insurance or Other Products (Section 38).
If you terminate this Lease early, are in default (see Section 28), and do not elect to purchase the Vehicle in accordance with Section 32, you must UHWXUQWKH9HKLFOHWRXVDWDQ\UHDVRQDEOHORFDWLRQZHVSHFLI\DQG\RXPXVWSD\XVXSRQGHPDQGWKHDPRXQWVVSHFL¿HGLQ6HFWLRQ DERYH
Other terms apply if you terminate this Lease and purchase the Vehicle or trade in the Vehicle in connection with the purchase or lease of another vehicle.
(IIHFWRI*XDUDQWHHG$XWRPRELOH3URWHFWLRQRQ(DUO\7HUPLQDWLRQ If the Vehicle is subject to damage or theft resulting in a total loss, and you have purchased and received Guaranteed Automobile Protection in connection with this Lease, and you have met the conditions set forth in the Guaranteed Automobile Protection agreement, then your Early Termination obligations set forth in Sections 29 or 30, as applicable, will not include the charges set forth in Section 29(d), the disposition fee shown in Section 5, and the charges for Excessive Wear and Use and excess mileage (Sections 10 and 34).
32. Your Option to Purchase the Vehicle. You may purchase the Vehicle at any time during this Lease or at the Scheduled Maturity Date (unless a governmental agency has seized the Vehicle and instructed us not to release the Vehicle to you). The price to purchase the Vehicle at the Scheduled Maturity Date is the Purchase Option Price shown in Section 11, plus, the amount described in subsections 32(a), 32(b) and 32(c), below. The price to purchase the Vehicle during the Lease Term is the total of:
a. all unpaid Monthly Payments that have become due, and other amounts due and unpaid under this Lease, except the disposition fee shown in Section 5 and charges for Excessive Wear and Use and excess mileage (Sections 10 and 34); plus, E DOORI¿FLDOIHHVDQGWD[HVDQGGRFXPHQWDU\IHHVFKDUJHGLQFRQQHFWLRQZLWKWKHSXUFKDVH SOXV
c. all amounts necessary to meet any legal selling requirements; plus, d. the difference, if any, between the Adjusted Capitalized Cost as disclosed in Section 9(c) and all depreciation and other amortized amounts accrued through the date of early termination, calculated in accordance with the constant yield method. $V SDUW RI D OLNHNLQG H[FKDQJH SURJUDP 70&& KDV HQJDJHG 74, ([FKDQJH //& ³74,´
DV D TXDOL¿HG LQWHUPHGLDU\ /HVVRU DQG /HVVHH DUH KHUHE\QRWL¿HGWKDW70&&KDVDVVLJQHGWR74,LWVULJKWV EXWQRWLWVREOLJDWLRQV
LQDQ\DJUHHPHQWIRUWKHVDOHRIWKH9HKLFOHDW/HDVHWHUPLQDWLRQ 2EOLJDWLRQVLI<RX'R1RW3XUFKDVHWKH9HKLFOHDWWKH6FKHGXOHG0DWXULW\'DWHAt the Scheduled Maturity Date, you must return the Vehicle to us at any reasonable location we specify, and pay us, upon demand, the following amounts:
a. all Monthly Payments and other amounts due under this Lease, including the disposition fee shown in Section 5; plus E DOORI¿FLDOIHHVDQGWD[HVFKDUJHGLQFRQQHFWLRQZLWKWKLV/HDVHWHUPLQDWLRQ SOXV
c. all Excessive Wear and Use charges described in Section 34; plus d. all excess mileage charges disclosed in Section 10. You will not receive a refund if you do not use all of the mileage set forth in Section 10.
If you keep possession of the Vehicle past the Scheduled Maturity Date, you agree to continue to pay the Monthly Payments. However, continued payment does not cure any default, including a default under Section 28(g), and does not permit you to keep the Vehicle unless you obtain our advance written consent to extend the Lease Term. You agree to pay us any damages we suffer because you failed to return the Vehicle at the end of this Lease.
T638980202-DP638980203 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638980202-DP638980203 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:38:51 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
34. Excessive Wear and Use Charges. If you do not purchase the Vehicle at any time during this Lease or at the Scheduled Maturity Date, or if you elect to terminate this Lease pursuant to the terms of this Lease and except to the extent paid by the Excess Wear and Use Protection Plan; if you purchased and received that Plan, you are responsible for the estimated cost to repair damage (including diagnostic cost, if any) to the Vehicle which is excessive wear and use (even if we do not repair the Vehicle).
Excessive wear and use may include but is not limited to certain damage such as:
a. inoperative mechanical and electrical parts;
b. damage (including but not limited to, damage to the engine) due to your failure to maintain the Vehicle pursuant to the terms of this Lease; c. damage to the body, lights, trim or paint;
d. damaged, broken or missing glass;
e. torn, damaged or stained interior;
I GDPDJHIURPÀRRGZDWHUKDLORUVDQG
g. damage from removal of equipment or signs placed on the Vehicle; h. missing equipment, parts and accessories, including missing keys or remote entry devices; or i. any wear or damage to any part of the tire that doesn’t allow the tire to meet the manufacturer’s guidelines for safe operation, or any mismatched tire sizes in a set of 5 (or 4 with any emergency spare if the Vehicle was equipped with one). $'',7,21$/,1)250$7,21
35. Communication Consent. <RXDJUHHWKDWZH70&&DQGDQ\DI¿OLDWHVDJHQWVDQGVHUYLFHSURYLGHUVRUDQ\DVVLJQHHVRIWKHIRUHJRLQJ LQGLYLGXDOO\
DQGFROOHFWLYHO\DVDSSOLFDEOHLQWKLV&RPPXQLFDWLRQV&RQVHQWVHFWLRQ³ZH´³RXU´RU³XV´ PD\FDOO\RXOHDYH\RXDYRLFHSUHUHFRUGHGRUDUWL¿FLDO voice message or send you a text, email or other electronic message for any purpose related to your Accounts with us, our products and services, or surveys or research (each a “Communication”). We may include your personal information in a Communication and conduct a Communication using an automated dialing system and any contact information we have for you, including a cell phone number. We will not charge you for a Communication but your service provider may do so. You understand and agree, we may always communicate with you in any manner permissible by law that does not require your consent.
5HIXQGDEOH6HFXULW\'HSRVLWYour security deposit may be used by us to pay amounts that you owe under this Lease. If you elect to purchase your Vehicle, your security deposit may be applied by us to the amount you owe to purchase your Vehicle. Any unused security deposit will be returned to \RXDWWKHHQGRIWKH/HDVH7HUP1RLQWHUHVWLQFUHDVHRUSUR¿WVZLOOEHSDLGWR\RXRQWKHVHFXULW\GHSRVLWXQOHVVUHTXLUHGE\ODZ
37. Assignment. We can assign our interest in this Lease and in the Vehicle without your consent. After you sign this Lease, we will assign it to TLT and you agree to make all payments to TMCC as servicer for TLT.
38. Refund of Optional Insurance or Other Products. If any optional insurance or product included in the Gross Capitalized Cost is cancelled before the end of the Lease Term, or if you are not accepted by the Provider for a requested optional insurance or product, we will credit any refunds to your account.
39. Indemnity. You agree to indemnify us from, and to pay on our behalf, any claim or loss (including damages, costs, expenses and legal fees) which arises from or is related to the possession, condition, use, maintenance or operation of the Vehicle. Any insurance we provide is secondary to the Required Insurance.
40. Credit Information.
You authorize us, at any time, to investigate any information provided on your credit application in order to establish, maintain and collect on this Lease account, including to order one or more credit reports in connection with establishing, maintaining or collecting this Lease account.
You authorize us to provide information concerning your account to credit reporting agencies and others who may lawfully receive such information.
You may notify us if you believe that we have reported any inaccurate information about your Lease account to a consumer reporting agency. Send \RXUZULWWHQQRWLFHGHVFULELQJWKHVSHFL¿FLQDFFXUDFLHVWRXVDWWKHIROORZLQJDGGUHVV 3 2%R[
&HGDU5DSLGV,$
/LDELOLW\Lessee and Co-Lessee are jointly and severally liable. If there is both a Lessee and Co-Lessee signing this Lease, we can release, waive, or delay the enforcement of our rights against one of you, without affecting our rights as to the other one(s).
42. Notices. All Lessee and Co-Lessee correspondence and notices will be sent to the Lessee’s Billing Address shown on this Lease, unless you give us a different address. If the Co-Lessee provides a separate address, delinquency notices will be provided to such address in addition to the Billing Address.
All correspondence and notices will be given solely in TMCC’s name as the servicer, and will be given on behalf of TLT. &KRLFHRI/DZDQG6HYHUDELOLW\You agree that the law of the state in which this Lease is signed applies to this Lease unless prohibited by law. If certain provisions of this Lease violate the law, those provisions will be void, and the rest of this Lease will be enforceable. 1R:DLYHUE\8VIf we delay or refrain from exercising our rights or remedies under this Lease, we do not lose those rights or remedies. If we accept late or partial payments from you, we do not waive our right to receive full and timely payments. We may accept payments with “Payment in Full,” similar language or other restrictive endorsements without being bound by such language or waiving our rights or remedies.
45. Odometer Disclosure Statement. Federal law requires that you disclose the Vehicle’s odometer reading to us upon termination of this Lease or transfer of ownership. Failure to complete an Odometer Disclosure Statement, failure to return it to us, or making a false statement therein, may result LQ¿QHVDQGRULPSULVRQPHQW<RXZLOOEHSURYLGHGDQ2GRPHWHU'LVFORVXUH6WDWHPHQWWRFRPSOHWHSULRUWRWKHWHUPLQDWLRQRIWKLV/HDVH
46. Nonapproval of Credit Application. You have the right to return the vehicle and receive a refund of any payments made if the credit DSSOLFDWLRQLVQRWDSSURYHGXQOHVVQRQDSSURYDOUHVXOWVIURPDQLQFRPSOHWHDSSOLFDWLRQRUIURPLQFRUUHFWLQIRUPDWLRQSURYLGHGE\\RX T638980202-DP638980203 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638980202-DP638980203 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:38:51 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
47. True Lease; Security Interest. <RXDQGZHLQWHQGWKDWWKLV/HDVHIRUDOOSXUSRVHVFRQVWLWXWH V D³WUXHOHDVH´RIWKH9HKLFOHDQGQRWD³¿QDQFHG lease” or a secured transaction under the laws of any state. However, if for some reason a court or arbitrator determines that this Lease constitutes D³¿QDQFHGOHDVH´RUDVHFXUHGWUDQVDFWLRQ\RXJUDQWXVDVHFXULW\LQWHUHVWDWWKDWWLPHWRWKHH[WHQWSHUPLWWHGE\ODZLQWKH9HKLFOHLQFOXGLQJDQ\ SURSHUW\QRZRUODWHULQVWDOOHGLQRUDI¿[HGWRWKH9HKLFOHLQDOOSURFHHGVGHULYHGIURPWKH9HKLFOHLQ\RXUVHFXULW\GHSRVLWLQWKHSURFHHGVRIDQ\ insurance relating to persons or property and the proceeds of all Guaranteed Automobile Protection and other optional products, including return of unearned premiums and unearned charges.
48. Electronic Records and Signatures and Conversion to Paper. You agree to use electronic records and electronic signatures to document this contract. Your electronic signatures will have the same effect as signatures on a paper contract.
There will be one authoritative copy of this contract. It will be the electronic copy in a document management system we designate for storing it. We may convert the authoritative copy to a paper original. We will do so by printing one paper copy marked “Original.” This paper original will have your electronic signature on it. It will have the same effect as if you had signed it originally on paper.
ARBITRATION
$UELWUDWLRQ3URYLVLRQYou agree that any claims arising from or relating to this Lease or related agreements or relationships, including the validity, enforceability, arbitrability or scope of this Provision, at your or our election, are subject to arbitration. This includes, without limitation, claims in contract, tort, pursuant to statute, regulation, ordinance or in equity or otherwise, and claims asserted by us against you and by you against us, and the following Covered Parties: Toyota Lease Trust, Toyota Motor Credit Corporation, Lexus Financial Services, Toyota Motor Insurance Services, Inc., and/or any RIRXURULWVDI¿OLDWHVDQGRUDQ\RIRXURUWKHLUHPSOR\HHVRI¿FHUVVXFFHVVRUVDVVLJQVRUDJDLQVWDQ\WKLUGSDUW\SURYLGLQJDQ\SURGXFWRUVHUYLFHLQ FRQQHFWLRQZLWKWKLV/HDVH$Q\DUELWUDWLRQVKDOOEHDGPLQLVWHUHGE\HLWKHU-$06 LWVUXOHVPD\EHREWDLQHGDWDQ\RILWVPDQ\RI¿FHVQDWLRQZLGHRU online at www.jamsadr.com), or any arbitration provider that either party may choose subject to the other’s approval, which may not be unreasonably withheld. The applicable rules of the selected arbitration provider shall govern, except that in the event of any inconsistency between those rules and this Provision, this Provision shall prevail. Such claims shall be resolved in accordance with (i) the Federal Arbitration Act (the “FAA”); (ii) the selected DUELWUDWLRQSURYLGHU¶VUXOHVDQGSURFHGXUHVLQHIIHFWDWWKHWLPHWKHFODLPLV¿OHG DQG
LLL
WKLV3URYLVLRQ$Q\DUELWUDWLRQKHDULQJDWZKLFK\RXDSSHDUVKDOO be conducted at a location that is reasonably convenient to where you live. The Arbitrator shall apply applicable substantive law consistent with the FAA (and not any state law concerning arbitration) and shall award such remedies, if any, that would be available in court if arbitration had not been elected.
If you cannot afford to pay and cannot obtain a waiver of the fees charged by the Arbitrator or if you believe that such fees are or will be prohibitively expensive or excessive, we and the Covered Parties will entertain in good faith any reasonable written request by you for us and the Covered Parties to pay or reimburse you for all or part of such fees. In addition, we will pay the selected arbitration provider’s fees for all claims under $15,000. For claims above that amount, the selected arbitration provider’s fee shall be covered equally by the parties. In the event we prevail, we agree not to seek recovery of our attorneys’ fees from you. If you prevail and the Arbitrator awards you an amount higher than our last written settlement offer before the Arbitrator was selected, we will pay you double your attorney’s fees and the maximum claim that may be brought in small claims court in the county of your billing address. :HWKH&RYHUHG3DUWLHVDQG\RXDUHSURKLELWHGIURPSDUWLFLSDWLQJLQDQ\W\SHRIUHSUHVHQWDWLYHDFWLRQLQFOXGLQJDFODVV DFWLRQRUSULYDWHDWWRUQH\JHQHUDODFWLRQ:HWKH&RYHUHG3DUWLHVDQG\RXDUHDOVRSURKLELWHGIURPVHHNLQJDQ\UHOLHIRQDUHSUHVHQWDWLYH RUFODVVEDVLVYou will not be subject to this Provision for any individual claim brought by you in small claims court or your state’s equivalent court, unless such claim is transferred, removed or appealed to a different court. IF ANY PARTY ELECTS ARBITRATION WITH RESPECT TO A CLAIM, NEITHER YOU NOR WE NOR ANY COVERED PARTY WILL HAVE THE RIGHT TO LITIGATE THAT CLAIM IN COURT; TO HAVE A JURY TRIAL ON THAT CLAIM; OR TO PARTICIPATE AS A REPRESENTATIVE OR MEMBER OF ANY CLASS OF CLAIMANTS PERTAINING TO SUCH CLAIM.
THE ARBITRATOR’S DECISION WILL BE FINAL AND BINDING EXCEPT AS MAY BE PROVIDED IN THE FAA. This Provision will survive your full payment of this Lease; our sale or transfer of this Lease; any repossession of the Vehicle; and your (or our) bankruptcy.
By checking the “opt-in” box and signing below, you agree that at the request of either you or us any controversy or claim between you and us shall EHGHWHUPLQHGE\QHXWUDOELQGLQJDUELWUDWLRQXQGHUWKH)HGHUDO$UELWUDWLRQ$FW GH¿QLWLRQVWHUPVDQGFRQGLWLRQVGHVFULEHGLQWKH$UELWUDWLRQ3URYLVLRQ
,)<28'2127:,6+72%(%281'%<7+($5%,75$7,213529,6,21&+(&.7+(³237287´%2;$1'6,*1%(/2:%\FKHFNLQJDER[ and signing below, you agree that you have read and received a copy of the Arbitration Provision.
F OPT IN: You agree to be bound by the Arbitration Provision.
F OPT OUT: You do not wish to be bound by the Arbitration Provision.
Lessee Co-Lessee
K K
X
N/A
T638980202-DP638980203 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638980202-DP638980203 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:38:51 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
LEASE SIGNATURES AND NOTICES
%\VLJQLQJEHORZ\RXDFNQRZOHGJHWKDW
<RXKDYHUHDGWKHHQWLUH
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Lease; (3) This is a lease; you have no ownership interest in the Vehicle unless and until you exercise your option to purchase set forth in this Lease.
1RWLFHWRWKH/HVVHH
'RQRWVLJQWKLV/HDVHEHIRUH\RXUHDGLWRULILWFRQWDLQVDQ\EODQNVSDFHVWREHÀOOHGLQ
<RXDUHHQWLWOHGWR
DFRPSOHWHO\ÀOOHGLQFRS\RIWKLV/HDVH
:DUQLQJ²8QOHVV
DFKDUJHLVLQFOXGHGLQWKLV/HDVHIRUSXEOLFOLDELOLW\RUSURSHUW\GDPDJH LQVXUDQFHSD\PHQWIRUWKDWFRYHUDJHLVQRWSURYLGHGE\WKLV/HDVH <RXDFNQRZOHGJHWKDW\RXKDYHUHFHLYHGDFRPSOHWHO\ÀOOHGLQFRS\RIWKLV/HDVH
Notice Regarding Assignment.$VSDUWRIDOLNHNLQGH[FKDQJHSURJUDP70&&KDVHQJDJHG74,([FKDQJH//& ³74,´
DVDTXDOL¿HGLQWHUPHGLDU\
/HVVRULVKHUHE\QRWL¿HGWKDW70&&KDVDVVLJQHGWR74,LWVULJKWV EXWQRWLWVREOLJDWLRQV
LQDJUHHPHQWVWRDFTXLUHWKH9HKLFOH
Acceptance and Assignment: The Lessor hereby accepts this Lease and assigns to the Toyota Lease Trust all rights, title and interest in this Lease and in the Vehicle, and Lessor’s rights under any guaranty executed in connection with this Lease, with full powers to Toyota Lease Trust to collect and discharge all obligations related to this Lease, any guaranty, and this assignment.
Lessee
L
Name:
Co-Lessee
L
Name:
Lessor
M
Name:
&$/,)251,$&5(',7',6$%,/,7<,1685$1&(&/$,0352&('85(127,&( If you have applied for and received Optional Credit Disability Insurance (Section 19), and become disabled, tell us right away. We will tell you where to get claim forms. Send in the completed form to the Insurance Provider as soon as possible and tell us as soon as you do.
If your disability insurance covers all of your missed payment, WE CANNOT TRY TO COLLECT WHAT YOU OWE OR REPOSSESS THE 9(+,&/(817,/7+5((&$/(1'$50217+6$)7(5\RXU¿UVWPLVVHGSD\PHQWLVGXHRUXQWLOWKHLQVXUDQFHFRPSDQ\SD\VRUUHMHFWV \RXUFODLPZKLFKHYHUFRPHV¿UVW:HFDQKRZHYHUWU\WRFROOHFWRUUHSRVVHVVWKHYHKLFOHLI\RXKDYHPRQH\GXHDQGRZLQJXVRUDUH otherwise in default when your disability claim is made or if a senior lien holder is foreclosing.
If the insurance company pays the claim within three calendar months, we must accept the money as though you paid on time. If the insurance company rejects the claim within the three calendar months or accepts the claim within the three calendar months as a partial disability and pays less than for a total disability, you will have 35 days from the date that the rejection or the acceptance of the partial disability claim is sent to pay past due payments, or the difference between the past due payments and what the insurance company pays for the partial disability, plus late charges. You can contact us, and we will tell you how much you owe. After that time, we can take action to collect or foreclose or repossess any collateral you may have given.
If the insurance company accepts your claim but requires that you send in additional forms to remain eligible for continued payments, you should send in these additional forms no later than required. If you do not send in these forms on time, the insurance company may stop paying, and we will be able to take action to collect or foreclose or repossess any collateral you may have given.
N/A
CITY OF REDLANDS N/A
TOYOTA OF REDLANDS
T638980202-DP638980203 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638980202-DP638980203 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:38:51 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
2. Description of Leased Vehicle
You are leasing from us, and have received in satisfactory condition, the following Vehicle:
Lease Date: _______________
This is a Lease for the Vehicle described below. The words “you”, “your” and “yours” refer to the Lessee and any Co-Lessee. The words “we”, “us” and “our” refer to the Lessor, and after assignment, to the Toyota Lease Trust (“TLT”) and any subsequent assignee. Toyota Motor Credit Corporation (“TMCC”) will be servicing this Lease on behalf of TLT. By signing this Lease, you agree to lease the Vehicle described below from us under the terms of this Lease, to pay all amounts due and to perform all of your obligations under this Lease.
1. Parties
LESSOR (DEALER) NAME AND ADDRESS
LESSEE AND CO-LESSEE NAME AND LESSEE’S BILLING ADDRESS
VEHICLE GARAGING ADDRESS
Primary Use Odometer Mileage
Leased Vehicle
9HKLFOH,GHQWLÀFDWLRQ1XPEHUNew or Used
“THERE IS NO COOLING OFF PERIOD”
California law does not provide for a “cooling off” or other cancellation period for vehicle leases. Therefore, you cannot later cancel WKLV/HDVHVLPSO\EHFDXVH\RXFKDQJH\RXUPLQGGHFLGHGWKHYHKLFOHFRVWVWRRPXFKRUZLVK\RXKDGDFTXLUHGDGLIIHUHQWYHKLFOH You may cancel this Lease only with the agreement of the Lessor or for legal cause such as fraud. *$3/,$%,/,7<127,&(
,QWKHHYHQWRIWKHIWRUGDPDJHWRWKH9HKLFOHWKDWUHVXOWVLQDWRWDOORVVWKHUHPD\EHD*$3EHWZHHQWKHDPRXQWGXH XSRQHDUO\WHUPLQDWLRQDQGWKHSURFHHGVRI\RXULQVXUDQFHVHWWOHPHQWDQGGHGXFWLEOH7+,6/($6(3529,'(67+$7<28$5(/,$%/()25 7+(*$3$028172SWLRQDOFRYHUDJHIRUWKH*$3DPRXQWPD\EHRIIHUHGIRUDQDGGLWLRQDOSULFH The box below memorializes trade-in, turn-in and other individualized agreements between you and the Lessor (Dealer). Obligations of the Lessor set IRUWKLQWKLVER[VKDOOEHWKHVROHUHVSRQVLELOLW\RIWKH/HVVRU 'HDOHU
,IWKLVER[FRQÀLFWVZLWKDQ\RWKHUVHFWLRQRIWKLV/HDVHWKHRWKHUVHFWLRQRIWKLV Lease shall control.
Lessee
A
Co-Lessee
A
Stock No:2300065
Deal ID:46047
10/04/2022
CITY OF REDLANDS
PO BOX 3005
REDLANDS, County of SAN BERNARDINO, CA 92373
TOYOTA OF REDLANDS
921 NEW YORK STREET
REDLANDS, CA 92374
N/A2023 Toyota Camry XSE Auto
BusinessNew 4T1K61AK8PU731190 5
N/A
N/A
T638990695-DP638990696 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638990695-DP638990696 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:55:12 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
)('(5$/&21680(5/($6,1*$&76(*5(*$7('',6&/2685(6
6. Total of
Payments
(The amount
you will have
paid by the end
of the Lease)
$
3. Amount Due at
Lease Signing
or Delivery
(Itemized in
Section 7 below)
$
5. Other Charges
(not part of your
Monthly Payment)
Disposition fee (if you
do not purchase the
Vehicle) $ __________
Total $
4. Monthly Payments
<RXU¿UVW0RQWKO\3D\PHQWRI _________ is due on ____________, followed by _________ payments of $ ______________ due on
the _________ of each month.
The total of your Monthly Payments is: $
Itemization of Amount Due at Lease Signing or Delivery
7. Amount Due at Lease Signing or Delivery:
a. Capitalized Cost Reduction $ _______________
b. First Monthly Payment $ _______________
c. Refundable Security Deposit $ _______________
d. T itle Fees $ _______________
e. Registration Fees $ _______________
f. License Fees $ _______________
g. Tax on Capitalized Cost Reduction $ _______________ h. Acquisition Fee $ _______________
i. Document Processing Fee $ _______________
(Not a Government Fee)
j. DMV Electronic Filing Fee $ _______________
(Not a Government Fee)
k. California Tire Fee $ _______________
l. ______________________________ $ _______________
m. ______________________________ $
_______________
n. ______________________________ $ _______________
o. ______________________________ $ _______________
p. Total $
+RZWKH$PRXQW'XHDW/HDVH6LJQLQJRU'HOLYHU\ZLOOEH3DLG
a. Net Trade-In Allowance
Year _____ Make _____________ Model _______________ __
VIN ____________________________
(i) Agreed Upon Value $ __________
(ii) Less: Pay Off $ __________
(iii) Less: Cash to Lessee $ __________
Net Trade In [(i) — (ii) — (iii), no less than 0] $ ________________ b. Rebates and Noncash Credits $ ________________
c. __________________________________ $ ________________ d. __________________________________ $ ________________ e. __________________________________ $ ________________ f. Amount to be Paid in Cash $ ________________
g. Total $
1,055.65
10/04/2022647.90
35 647.90
4th
350.00
350.0023,324.40 24,082.15
N/A
647.90
N/A
N/A
127.00
242.00
N/A
N/A
N/A
30.00 8.75
N/A N/AN/A
N/A
N/A
N/A
N/A
0.00 1,055.65
N/A N/A
N/AN/A
N/A N/A
N/AN/A
N/A N/A
N/A N/A
N/A
N/A N/A
1,055.65 1,055.65
T638990695-DP638990696 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638990695-DP638990696 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:55:12 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
Early Termination. You may have to pay a substantial charge if you end this Lease early. The charge may be up to several thousand dollars. The actual charge will depend on when the Lease is terminated. The earlier you end the Lease, the greater this charge is likely to be.
12. Other Important Terms
Review this Lease for additional information on early termination, purchase options and maintenance responsibilities, warranties, late and
default charges, insurance, and any security interest, if applicable.
10. Excessive Wear and Use
You may be c
harged for excessive wear based on our standards for normal use and for mileage in excess of _______________ miles over the odometer mile
age disclosed on page one, at the rate of $ _______________ per mile.
11. Purchase Option at the End of Lease Term
You have an option to purchase the Vehicle at the end of the Lease Term for $ ______________.
That amount does not include other charges you may be required to pay pursuant to Section 32.
9. Payment Determination
a. Gross Capitalized Cost. The agreed upon value of the Vehicle ($ ______________ ) and any items you pay over the Lease Term (such as service contracts, insurance, and any outstanding prior credit or lease balance). For an itemization of this amount, see Section 13. $ ______________ E &DSLWDOL]HG&RVW5HGXFWLRQ The amount of any net trade-in allowance, rebate, noncash credit, or
cash you pay that reduces the Gross Capitalized Cost. – $ ______________ c. Adjusted Capitalized Cost. The amount used in calculating your Base Monthly Payment. = $ _ ______
______ _
d. Residual Value. The value of the Vehicle at the end of the Lease used in calculating your Base Monthly Payment. – $ ______________
e. Depreciation and any Amortized Amounts. The amount charged for the Vehicle’s decline in value through normal use and for other items paid over the Lease Term. = $ __ _________
___
f. Rent Charge. The amount charged in addition to the Depreciation and any Amortized Amounts. + $ __________ _____ g. Total of Base Monthly Payments. The Depreciation and any Amortized Amounts plus the Rent Charge. = $ ________ ______ h. Lease Payments. The number of payments in your Lease. ÷ ____________ __ i. Base Monthly Payment. = $ _____________ _
j. Monthly Sales/Use Tax. + $ ____________ __
k. ___________________________________________________________________________________ + $ ___________ ___ l. Total Monthly Payment (“Monthly Payment”) = $
<RXU0RQWKO\3D\PHQWLVGHWHUPLQHGDVVKRZQEHORZ
37,355.65
38,258.65
N/A
38,258.65
21,199.00
17,059.65
4,388.04
21,447.69
36 595.77
52.13 N/A N/A
647.90
36000
0.15 21,199.00
T638990695-DP638990696 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638990695-DP638990696 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:55:12 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
5HTXLUHG,QVXUDQFH
You must p
rovide the following insurance during the Lease Term, with the Lessee and/or Co-Lessee as an insured driver. No other types of insurance are required and QR5HTXLUHG,QVXUDQFHLVSURYLGHGE\XVLQWKLV/HDVH:
a) primary automobile liability insurance with minimum limits for bodily injury or death of i) $ _______________ for any one person, and iii) $ _______________ for property damage; and ii) $ _______________ for any one accident, and
b) physical damage insurance for the full value of the Vehicle, with a maximum deductible of $1,000.
See Section 24 for more information.
You have provided us today with the following insurance information:
___________________________________________________________________________________________________________________ Insurance Provider
Policy No.
___________________________________________________________________________________________________________________ Agent’s Name
Agent’s Phone No.
___________________________________________________
___________________________________________________
_____________
Agent’s Address
14. Lease Term and Scheduled Maturity Date
The Lease Term of this Lease is ______ months, and the Scheduled Maturity Date of this Lease is ______________. ,QVXUDQFH&RYHUDJH9HUL¿FDWLRQE\'HDOHU(PSOR\HH
B
13. Itemization of Gross Capitalized Cost
You will pay for the following items over the Lease Term, as part of your Monthly Payment:
a.1. Agreed Upon Value of the Vehicle as equipped at time of signing this Lease $ _____________ a.2.
Agreed Upon Value of each accessory and item of optional equipment the Lessor (Dealer) agrees to add to the Vehicle after signing this Lease:
i. _________________________________________________________________ __________________ + $ _____________ ii. _________________________________________________________________ __________________ + $ _____________ iii. _____________
____________________________________________________ __________________ + $ _____________ iv. _________________________________________________________________ __________________ + $ _____________ a.3. Total Agreed Upon Value of the Vehicle = $ _____________ b. Taxes + $ _____________
c. Initial Title, License, and Registration Fees + $ _____________
d. Outstanding Prior Credit or Lease Balance + $ _____________ e.
Acquisition Fee + $ _____________
f. Document Processing Fee (Not a Government Fee) + $ _____________ g.
DMV Electronic Filing Fee (Not a Government Fee) + $ _____________ h. California
Tire Fee + $
_____________
i. ___________________________________________________________________________________ + $ _____________
j
. ___________________________________________________________________________________ + $ _____________
k. ___________________________________________________________________________________ + $ _____________
l. ___________________________________________________________________________________ + $ _____________
m. ___________________________________________________________________________________ + $ _____________
n. ___________________________________________________________________________________ + $ _____________
o. ___________________________________________________________________________________ + $ _____________
p. ___________________________________________________________________________________ + $ _____________
q. ___________________________________________________________________________________ + $ _____________
r. ___________________________________________________________________________________ + $ _____________
s. Gross Capitalized Cost = $
Gross Capitalized Cost Itemization and Other Items
37,355.65
N/A N/A
N/A N/A
N/A N/A
N/A N/A
37,355.65
N/A
N/A
N/A
650.00
85.00 N/A
N/A
TIFF 168.00
N/AN/A
N/A N/A
N/AN/A
N/A N/A
N/AN/A
N/AN/A
N/AN/A
N/AN/A
N/A N/A
38,258.65
36 10/03/2025
5,000.0015,000.00
30,000.00
ZTS 12345678
ZS (909) 793-0300
N/A
T638990695-DP638990696 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638990695-DP638990696 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:55:12 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
19. Optional Insurance and Other Products
<RXDUHQRWU
HTXLUHGWREX\DQ\RIWKH2SWLRQDO,QVXUDQFHRU2WKHU3URGXFWVOLVWHGEHORZWRHQWHULQWRWKLV/HDVHDQGWKH\DUHQRWD factor in our credit decision. These insurance and other products will not be provided unless the appropriate box is checked, all information LV¿OOHGLQ\RXVLJQEHORZDQG\RXDUHDFFHSWHGE\WKH3URYLGHU%\\RXUVLJQDWXUHEHORZ\RXDJUHHWKDW\RXKDYHUHFHLYHGDQRWLFHRIWKH terms of the insurance or product, and you want to obtain the insurance or product for the premium or charge shown. A portion of the premium or charge shown may be retained by the Lessor (Dealer).
F Optional Credit
Life Insurance
$ ____________,
Beginning Coverage
___________________________________________________,
Provider
$ ____________,
Premium
F Optional Credit
'LVDELOLW\,QVXUDQFH
$ ________________,
Maximum Monthly Coverage
___________________________________________________,
Provider
$
____________,
Premium
F
Optional Service Contract
_________,
_____,
Miles/Coverage Months
___________________________________________________,
Provider
$ ____________,
Premium or Charge
E
E
Lessee
Co-Lessee
D
D
Lessee
Co-Lessee
Lessee
C
Co-Lessee
C
____________________________________________________________________________________ ____________________________________________________________________________________, Insured(s)
____________________________________________________________________________________ ____________________________________________________________________________________, Insured(s)
(VWLPDWHG2IÀFLDO)HHVDQG7D[HV
7KLVLVDQHVWLPDWHRIWKHWRWDODPRXQW\RXZLOOSD\RYHUWKH/HDVH7HUPIRURI¿FLDODQGOLFHQVHIHHVUHJLVWUDWLRQWLWOHDQGWD[HV LQFOXGLQJ
personal property taxes), whether included in your Total Monthly Payment (Section 9.l), the Amount Due at Lease Signing or Delivery (Section 7) RUELOOHGVHSDUDWHO\7KHDFWXDOWRWDORI2I¿FLDO)HHVDQG7D[HVPD\EHKLJKHURUORZHUWKDQWKLVHVWLPDWHGHSHQGLQJRQWKHWD[UDWHVLQHIIHFWRU the value of the Vehicle at the time a fee or tax is assessed. 7KLVHVWLPDWHLVEDVHGRQ\RXUFXUUHQWDGGUHVVDQGPD\LQFUHDVHLI\RXPRYH RULIWD[UDWHVFKDQJH<RXDUHUHVSRQVLEOHIRUSD\LQJDQ\LQFUHDVHV See Section 27 for additional information.
16. Charges for Late/Returned Payments
If we do not receive a full Monthly Payment within 10 days after it is due, you must pay a late payment charge of 5% of the unpaid amount or $10, whichever is greater.
If any payment (including an electronic funds transfer) you make to us is not honored or returned to us for any reason, in addition to any late charges, you may be charged a fee of $25, as permitted by law.
Estimated Total $
18. Warranty
If the Vehicle is a new or a demo Vehicle, the Vehicle is subject to the standard new warranty from the manufacturer. If the Vehicle is used, it is QRWFRYHUHGE\DZDUUDQW\XQOHVVLGHQWL¿HGEHORZ
F Remainder of standard new vehicle warranty from manufacturer F Used vehicle warranty from manufacturer
81/(66:(0$.($:5,77(1:$55$17<25(17(5,172$6(59,&(&2175$&7:,7+,1 '$<6)5207+('$7(2)7+,6/($6(
AND EXCEPT AS STATED IN THE PARAGRAPH IMMEDIATELY ABOVE, OR AS OTHERWISE PROVIDED BY LAW, YOU ARE LEASING THIS 9(+,&/(´$6,6µ7+(5($5(12:$55$17,(6$6727+(9(+,&/(·6&21',7,210(5&+$17$%,/,7< 68,7$%,/,7< 25),71(66 )25$3$57,&8/$5385326(
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T638990695-DP638990696 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638990695-DP638990696 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:55:12 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
YOUR OBLIGATIONS DURING THIS LEASE
21. Vehicle Maintenance and Damage
You are responsible for all maintenance, repair,
service, and operating expenses of the Vehicle. You agree to keep the Vehicle in the same condition as when you received it, except for reasonable wear, to maintain the Vehicle so that any warranties or similar agreements remain effective and so that it passes all inspections required by law, to follow the owner’s manual and maintenance schedule, and to provide us with written proof of such maintenance. You agree to make the Vehicle available to us for inspection during the Lease Term at any reasonable time and place that we request. 3URKLELWHG8VHVRIWKH9HKLFOHYou agree that you will not, nor permit others to:
a. use the Vehicle in any illegal manner, in violation of your insurance policy, or without the insurance coverage described in Sections 15 and 24; b. alter or install any equipment on or in the Vehicle without our written consent. Any accessions to the Vehicle become our property; c. subject the Vehicle to any lien, seizure or other involuntary transfer; d. use the Vehicle to transport goods or people for hire; H UHPRYHWKH9HKLFOHIURPWKHVWDWHZKHUHLWZDV¿UVWWLWOHGIRUPRUHWKDQGD\VZLWKRXWRXUZULWWHQFRQVHQW
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By your signa
ture, you acknowledge that this Lease contains the entire agreement for the Lease of this Vehicle. There are no other agreements.
Any change to this Lease must be in writing, and signed by you and by us.
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Premium or Charge
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Lessee
Co-Lessee
Lessee
Co-Lessee
G
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F Optional Excess Wear and Use Protection Plan
___________________________________________________,
Provider
$ ____________,
Premium or Charge
F Optional Tire and Wheel Protection Plan
___________________________________________________
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$ ____________,
Premium or Charge
Total Premiums and Charges $
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Co-Lessee
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T638990695-DP638990696 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638990695-DP638990696 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:55:12 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
f. take the Vehicle outside the continental United States (except to Canada or Mexico for less than 30 days, if you have our consent and have provided us with proof of insurance);
g. use the Vehicle in a way that causes the cancellation or suspension of any warranty or other similar protection agreement; or h. allow anyone else to regularly use the Vehicle without our written consent. $VVLJQLQJVXEOHDVLQJ SOHGJLQJ
RUSHUPLWWLQJDVHFXULW\LQWHUHVWWREHFUHDWHGLQRULQDQ\RWKHUZD\WUDQVIHUULQJE\\RXRIDQ\LQWHUHVWLQ WKH9HKLFOHRUWKLV/HDVHLVVWULFWO\SURKLELWHG
23. Title and Registration. Legal title to the Vehicle will be in our name and the Vehicle will be registered as we direct. You must promptly pay all title, registration, and license fees.
5HTXLUHG,QVXUDQFH7KHOLPLWVUHTXLUHGXQGHUVWDWHODZPD\QRWEHVXI¿FLHQWIRU\RXUQHHGV6HH\RXULQVXUDQFHSURYLGHUIRUPRUHLQIRUPDWLRQYou PD\REWDLQWKHUHTXLUHGFRYHUDJHVWKURXJKDQ\LQVXUDQFHFRPSDQ\DJHQWRUEURNHU\RXFKRRVHZKLFKLVUHDVRQDEO\DFFHSWDEOHWRXV DQGDXWKRUL]HGWRGREXVLQHVVLQWKHVWDWHZKHUHWKH9HKLFOHLVORFDWHG This insurance may be provided through existing policies that you own or control if it otherwise meets all requirements. The insurance policy must be acceptable to us, name Toyota Lease Trust as additional insured and loss payee, and give us at least 10 days written notice before any cancellation or reduction in coverage. You authorize us to endorse your name(s) on any check or draft from your insurance company for any claim. You must provide us with written proof of this insurance, including a copy of the insurance policy, at any time during the term of this Lease at our request. You agree to release to us all insurance or other proceeds you receive for damages or loss to the Vehicle (including any premium refunds on the Required Insurance) up to the amount you owe us. 1RWLFH
/LDELOLW\LQVXUDQFHFRYHUDJHIRUERGLO\LQMXU\DQGSURSHUW\GDPDJHFDXVHGWRRWKHUVLVQRWLQFOXGHGLQWKLV/HDVH 3D\PHQW2EOLJDWLRQVYou may not change or stop your Monthly Payments for any reason, even if the Vehicle is stolen, destroyed, seized by the government, non-operative, experiences any mechanical problem, or does not perform satisfactorily. We may apply each Monthly Payment and each other payment we receive to past due payments, current payment due, late charges, and other amounts due under this Lease in any order we choose, to the extent permitted by law.
26. Change in Address. You must notify us in writing within 30 days of any change in your address or the address where the Vehicle is garaged. )HHV7D[HVDQG)LQHV<RXPXVWSURPSWO\SD\DOORI¿FLDOIHHVDQGWD[HVUHODWHGWRWKH9HKLFOHDQGWKLV/HDVHLQFOXGLQJWLWOHOLFHQVHDQGUHJLVWUDWLRQ fees, and sales, use, excise and personal property taxes. These amounts may change from time to time based on changes to your address and FKDQJHVLQWD[UDWHV<RXPXVWDOVRSURPSWO\SD\DOORWKHUIHHVDVVHVVPHQWVFKDUJHVFRVWVDQG¿QHV FROOHFWLYHO\³¿QHV´
LQFXUUHGRQWKH9HKLFOHVXFK
DVWUDI¿FWLFNHWVLPSRXQGVWRZLQJFKDUJHVVWRUDJHFKDUJHVDQGWROOYLRODWLRQV6RPHELOOVIRURI¿FLDOIHHVDQGWD[HVPD\EHVHQWWR\RXIRUSD\PHQW Other bills may be paid by us on your behalf and we will charge you the amount billed to us. If you fail to pay any such amount when billed by us or by a third party, and we elect to pay it, you will reimburse us for the amount paid plus a $10 administrative fee per incident, to the extent permitted by law. In connection with these bills, you give us permission to provide information regarding you and this Lease to the billing authority. You must pay all IHHVWD[HVDVVHVVPHQWVFKDUJHVFRVWVDQG¿QHVLQFXUUHGRQWKH9HKLFOHGXULQJWKH/HDVH7 HUPHYHQLIWKH\DUHDVVHVVHGDQGELOOHGDIWHUWKLV/HDVH has ended. We may charge you an estimated amount for any remaining items at the time this Lease ends. You are responsible for any shortage in this estimate, and we will refund you any excess.
:HDUHQRWREOLJDWHGWRDSSO\IRUDQ\UHIXQGRUDEDWHPHQWRIRI¿FLDOIHHVDQGWD[HVLQFOXGLQJSHUVRQDOSURSHUW\WD[HV,I\RXPDNHDZULWWHQUHTXHVW WKDWZHDSSO\IRUDUHIXQGRIDQRI¿FLDOIHHRUWD[WKDW\RXSDLGWRXVWRZKLFK\RXDUHHQWLWOHGZHZLOO¿OHDQDSSOLFDWLRQIRUUHIXQG:HZLOOVHQGDQ\ refund we receive, less all amounts due under this Lease, to you. :HPD\SD\DQ\WLWOHUHJLVWUDWLRQOLFHQVHIHHWD[DVVHVVPHQWFKDUJHFRVWRU¿QHZKLFK\RXIDLOWRSD\DQGFKDUJH\RXWKHDPRXQWSDLG<RXDUH UHVSRQVLEOHIRUDQ\¿QHVRUSHQDOWLHVLI\RXIDLOWRSD\WKHELOOZKHQGXH
28. Default and Remedies. To the extent permitted by law, you will be in default if:
a. you fail to make any payment when it is due;
b. you fail to keep any other agreement in this Lease;
c. you provided false or misleading information when applying for this Lease; d. you become the subject of a bankruptcy or insolvency proceeding; H WKH9HKLFOHLVORVWVWROHQVHL]HGFRQ¿VFDWHGOHYLHGXSRQRUGDPDJHGEH\RQGUHDVRQDEOHUHSDLU
f. you die and there is no surviving co-lessee; or
g. you fail to return the Vehicle by the Scheduled Maturity Date and do not obtain our written consent to extend the Lease Term.
If you are in default, we may do any or all of the following, as permitted by law, after giving any legally required notices, and observing any legally required cure or reinstatement periods:
i. terminate this Lease and your right to use the Vehicle; ii. require you to return the Vehicle by allowing us to pick up the Vehicle or making it available to us at any reasonable time and place we specify; iii. take possession of the Vehicle by legal process or by self help in any manner not prohibited by law; iv. require you to pay the amounts set forth in Section 29; v. take any reasonable action to correct your default or to prevent our loss; vi. pursue any other remedy allowed by law; and
vii. require you to pay all of our reasonable expenses for taking these actions and add the amount of our expenses to the amount you owe us under this Lease, including, but not limited to, expenses for repossession, transportation, storage, collection, and legal costs, including reasonable attorneys’ fees paid to an attorney who is not our salaried employee, as allowed by applicable law.
We or our agent may take possession of personal property left in or on the Vehicle, subject to your right to recover such property, if any. We or our agent may store it for you and you will be responsible to pay for this service. If you do not take possession of the personal property, we or our agent may dispose of it as permitted by law.
T638990695-DP638990696 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638990695-DP638990696 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:55:12 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
ENDING YOUR LEASE
(DUO\7HUPLQDWLRQE\8VWe may terminate this Lease at any time if you are in default (see Section 28). If we do, you must return the Vehicle to us, at any reasonable location we specify. In addition, you must pay us, upon demand, the total of the following amounts:
a. the amounts set forth in Section 28(vii); plus
b. all Monthly Payments that have become due and are unpaid at termination; plus c. all other unpaid amounts then due under this Lease, but not including charges for Excessive Wear and Use and excess mileage (Sections 10 and 34); plus
d. an Early Termination Amount equal to, the difference, if any, between:
(i) the Adjusted Capitalized Cost as disclosed in Section 9(c); and (ii) the sum of (a) all depreciation and other amortized amounts accrued through the date of early termination, calculated in accordance with the FRQVWDQW\LHOGPHWKRGDQG
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e. any remaining Refundable Security Deposit (Section 36) or refund we receive from Optional Insurance or Other Products (Section 38).
The “Realized Value” means one of the following: (1) where the Vehicle is a total loss as a result of a theft or damage, and you maintain the Required Insurance, the amount of any applicable insurance deductible owed by you plus the proceeds of the settlement of the insurance claim, unless we agree to a higher amount; (2) the wholesale appraised value, if you elect to have an appraisal, which you may obtain, at your own expense, from a professional independent appraiser agreed to by you and us (the appraisal must be completed at least three days before the scheduled valuation or disposal date of the Vehicle, as provided by a notice that we will provide to you); (3) if we choose to retain ownership of the Vehicle for use or to lease WKH9HKLFOHWRDVXEVHTXHQWOHVVHHWKHZKROHVDOHYDOXHDVVSHFL¿HGLQWKHFXUUHQWHGLWLRQRIDUHFRJQL]HGXVHGYHKLFOHJXLGHVXFKDV.HOOH\%OXH%RRN RUWKH1$'$2I¿FLDO8VHG&DU*XLGH
RU
XQGHUDOORWKHUFLUFXPVWDQFHVWKHSULFHSDLGIRUWKH9HKLFOHDWGLVSRVLWLRQ (DUO\7HUPLQDWLRQE\<RXYou may terminate this Lease at any time prior to the scheduled end of this Lease. If you terminate this Lease early, are not in default, and do not elect to purchase the Vehicle in accordance with Section 32, you must return the Vehicle to us, at any reasonable location we specify, and you must pay us, upon demand:
a. all Monthly Payments that have become due and are unpaid at termination; plus b. all other unpaid amounts then due under this Lease, but not including charges for Excessive Wear and Use and excess mileage (Sections 10 and 34); plus
c. the Early Termination Amount determined pursuant to Section 29(d) above; minus d. any remaining Refundable Security Deposit (Section 36) or refund we receive from Optional Insurance or Other Products (Section 38).
If you terminate this Lease early, are in default (see Section 28), and do not elect to purchase the Vehicle in accordance with Section 32, you must UHWXUQWKH9HKLFOHWRXVDWDQ\UHDVRQDEOHORFDWLRQZHVSHFLI\DQG\RXPXVWSD\XVXSRQGHPDQGWKHDPRXQWVVSHFL¿HGLQ6HFWLRQ DERYH
Other terms apply if you terminate this Lease and purchase the Vehicle or trade in the Vehicle in connection with the purchase or lease of another vehicle.
(IIHFWRI*XDUDQWHHG$XWRPRELOH3URWHFWLRQRQ(DUO\7HUPLQDWLRQ If the Vehicle is subject to damage or theft resulting in a total loss, and you have purchased and received Guaranteed Automobile Protection in connection with this Lease, and you have met the conditions set forth in the Guaranteed Automobile Protection agreement, then your Early Termination obligations set forth in Sections 29 or 30, as applicable, will not include the charges set forth in Section 29(d), the disposition fee shown in Section 5, and the charges for Excessive Wear and Use and excess mileage (Sections 10 and 34).
32. Your Option to Purchase the Vehicle. You may purchase the Vehicle at any time during this Lease or at the Scheduled Maturity Date (unless a governmental agency has seized the Vehicle and instructed us not to release the Vehicle to you). The price to purchase the Vehicle at the Scheduled Maturity Date is the Purchase Option Price shown in Section 11, plus, the amount described in subsections 32(a), 32(b) and 32(c), below. The price to purchase the Vehicle during the Lease Term is the total of:
a. all unpaid Monthly Payments that have become due, and other amounts due and unpaid under this Lease, except the disposition fee shown in Section 5 and charges for Excessive Wear and Use and excess mileage (Sections 10 and 34); plus, E DOORI¿FLDOIHHVDQGWD[HVDQGGRFXPHQWDU\IHHVFKDUJHGLQFRQQHFWLRQZLWKWKHSXUFKDVH SOXV
c. all amounts necessary to meet any legal selling requirements; plus, d. the difference, if any, between the Adjusted Capitalized Cost as disclosed in Section 9(c) and all depreciation and other amortized amounts accrued through the date of early termination, calculated in accordance with the constant yield method. $V SDUW RI D OLNHNLQG H[FKDQJH SURJUDP 70&& KDV HQJDJHG 74, ([FKDQJH //& ³74,´
DV D TXDOL¿HG LQWHUPHGLDU\ /HVVRU DQG /HVVHH DUH KHUHE\QRWL¿HGWKDW70&&KDVDVVLJQHGWR74,LWVULJKWV EXWQRWLWVREOLJDWLRQV
LQDQ\DJUHHPHQWIRUWKHVDOHRIWKH9HKLFOHDW/HDVHWHUPLQDWLRQ 2EOLJDWLRQVLI<RX'R1RW3XUFKDVHWKH9HKLFOHDWWKH6FKHGXOHG0DWXULW\'DWHAt the Scheduled Maturity Date, you must return the Vehicle to us at any reasonable location we specify, and pay us, upon demand, the following amounts:
a. all Monthly Payments and other amounts due under this Lease, including the disposition fee shown in Section 5; plus E DOORI¿FLDOIHHVDQGWD[HVFKDUJHGLQFRQQHFWLRQZLWKWKLV/HDVHWHUPLQDWLRQ SOXV
c. all Excessive Wear and Use charges described in Section 34; plus d. all excess mileage charges disclosed in Section 10. You will not receive a refund if you do not use all of the mileage set forth in Section 10.
If you keep possession of the Vehicle past the Scheduled Maturity Date, you agree to continue to pay the Monthly Payments. However, continued payment does not cure any default, including a default under Section 28(g), and does not permit you to keep the Vehicle unless you obtain our advance written consent to extend the Lease Term. You agree to pay us any damages we suffer because you failed to return the Vehicle at the end of this Lease.
T638990695-DP638990696 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638990695-DP638990696 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:55:12 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
34. Excessive Wear and Use Charges. If you do not purchase the Vehicle at any time during this Lease or at the Scheduled Maturity Date, or if you elect to terminate this Lease pursuant to the terms of this Lease and except to the extent paid by the Excess Wear and Use Protection Plan; if you purchased and received that Plan, you are responsible for the estimated cost to repair damage (including diagnostic cost, if any) to the Vehicle which is excessive wear and use (even if we do not repair the Vehicle).
Excessive wear and use may include but is not limited to certain damage such as:
a. inoperative mechanical and electrical parts;
b. damage (including but not limited to, damage to the engine) due to your failure to maintain the Vehicle pursuant to the terms of this Lease; c. damage to the body, lights, trim or paint;
d. damaged, broken or missing glass;
e. torn, damaged or stained interior;
I GDPDJHIURPÀRRGZDWHUKDLORUVDQG
g. damage from removal of equipment or signs placed on the Vehicle; h. missing equipment, parts and accessories, including missing keys or remote entry devices; or i. any wear or damage to any part of the tire that doesn’t allow the tire to meet the manufacturer’s guidelines for safe operation, or any mismatched tire sizes in a set of 5 (or 4 with any emergency spare if the Vehicle was equipped with one). $'',7,21$/,1)250$7,21
35. Communication Consent. <RXDJUHHWKDWZH70&&DQGDQ\DI¿OLDWHVDJHQWVDQGVHUYLFHSURYLGHUVRUDQ\DVVLJQHHVRIWKHIRUHJRLQJ LQGLYLGXDOO\
DQGFROOHFWLYHO\DVDSSOLFDEOHLQWKLV&RPPXQLFDWLRQV&RQVHQWVHFWLRQ³ZH´³RXU´RU³XV´ PD\FDOO\RXOHDYH\RXDYRLFHSUHUHFRUGHGRUDUWL¿FLDO voice message or send you a text, email or other electronic message for any purpose related to your Accounts with us, our products and services, or surveys or research (each a “Communication”). We may include your personal information in a Communication and conduct a Communication using an automated dialing system and any contact information we have for you, including a cell phone number. We will not charge you for a Communication but your service provider may do so. You understand and agree, we may always communicate with you in any manner permissible by law that does not require your consent.
5HIXQGDEOH6HFXULW\'HSRVLWYour security deposit may be used by us to pay amounts that you owe under this Lease. If you elect to purchase your Vehicle, your security deposit may be applied by us to the amount you owe to purchase your Vehicle. Any unused security deposit will be returned to \RXDWWKHHQGRIWKH/HDVH7HUP1RLQWHUHVWLQFUHDVHRUSUR¿WVZLOOEHSDLGWR\RXRQWKHVHFXULW\GHSRVLWXQOHVVUHTXLUHGE\ODZ
37. Assignment. We can assign our interest in this Lease and in the Vehicle without your consent. After you sign this Lease, we will assign it to TLT and you agree to make all payments to TMCC as servicer for TLT.
38. Refund of Optional Insurance or Other Products. If any optional insurance or product included in the Gross Capitalized Cost is cancelled before the end of the Lease Term, or if you are not accepted by the Provider for a requested optional insurance or product, we will credit any refunds to your account.
39. Indemnity. You agree to indemnify us from, and to pay on our behalf, any claim or loss (including damages, costs, expenses and legal fees) which arises from or is related to the possession, condition, use, maintenance or operation of the Vehicle. Any insurance we provide is secondary to the Required Insurance.
40. Credit Information.
You authorize us, at any time, to investigate any information provided on your credit application in order to establish, maintain and collect on this Lease account, including to order one or more credit reports in connection with establishing, maintaining or collecting this Lease account.
You authorize us to provide information concerning your account to credit reporting agencies and others who may lawfully receive such information.
You may notify us if you believe that we have reported any inaccurate information about your Lease account to a consumer reporting agency. Send \RXUZULWWHQQRWLFHGHVFULELQJWKHVSHFL¿FLQDFFXUDFLHVWRXVDWWKHIROORZLQJDGGUHVV 3 2%R[
&HGDU5DSLGV,$
/LDELOLW\Lessee and Co-Lessee are jointly and severally liable. If there is both a Lessee and Co-Lessee signing this Lease, we can release, waive, or delay the enforcement of our rights against one of you, without affecting our rights as to the other one(s).
42. Notices. All Lessee and Co-Lessee correspondence and notices will be sent to the Lessee’s Billing Address shown on this Lease, unless you give us a different address. If the Co-Lessee provides a separate address, delinquency notices will be provided to such address in addition to the Billing Address.
All correspondence and notices will be given solely in TMCC’s name as the servicer, and will be given on behalf of TLT. &KRLFHRI/DZDQG6HYHUDELOLW\You agree that the law of the state in which this Lease is signed applies to this Lease unless prohibited by law. If certain provisions of this Lease violate the law, those provisions will be void, and the rest of this Lease will be enforceable. 1R:DLYHUE\8VIf we delay or refrain from exercising our rights or remedies under this Lease, we do not lose those rights or remedies. If we accept late or partial payments from you, we do not waive our right to receive full and timely payments. We may accept payments with “Payment in Full,” similar language or other restrictive endorsements without being bound by such language or waiving our rights or remedies.
45. Odometer Disclosure Statement. Federal law requires that you disclose the Vehicle’s odometer reading to us upon termination of this Lease or transfer of ownership. Failure to complete an Odometer Disclosure Statement, failure to return it to us, or making a false statement therein, may result LQ¿QHVDQGRULPSULVRQPHQW<RXZLOOEHSURYLGHGDQ2GRPHWHU'LVFORVXUH6WDWHPHQWWRFRPSOHWHSULRUWRWKHWHUPLQDWLRQRIWKLV/HDVH
46. Nonapproval of Credit Application. You have the right to return the vehicle and receive a refund of any payments made if the credit DSSOLFDWLRQLVQRWDSSURYHGXQOHVVQRQDSSURYDOUHVXOWVIURPDQLQFRPSOHWHDSSOLFDWLRQRUIURPLQFRUUHFWLQIRUPDWLRQSURYLGHGE\\RX T638990695-DP638990696 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638990695-DP638990696 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:55:12 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
47. True Lease; Security Interest. <RXDQGZHLQWHQGWKDWWKLV/HDVHIRUDOOSXUSRVHVFRQVWLWXWH V D³WUXHOHDVH´RIWKH9HKLFOHDQGQRWD³¿QDQFHG lease” or a secured transaction under the laws of any state. However, if for some reason a court or arbitrator determines that this Lease constitutes D³¿QDQFHGOHDVH´RUDVHFXUHGWUDQVDFWLRQ\RXJUDQWXVDVHFXULW\LQWHUHVWDWWKDWWLPHWRWKHH[WHQWSHUPLWWHGE\ODZLQWKH9HKLFOHLQFOXGLQJDQ\ SURSHUW\QRZRUODWHULQVWDOOHGLQRUDI¿[HGWRWKH9HKLFOHLQDOOSURFHHGVGHULYHGIURPWKH9HKLFOHLQ\RXUVHFXULW\GHSRVLWLQWKHSURFHHGVRIDQ\ insurance relating to persons or property and the proceeds of all Guaranteed Automobile Protection and other optional products, including return of unearned premiums and unearned charges.
48. Electronic Records and Signatures and Conversion to Paper. You agree to use electronic records and electronic signatures to document this contract. Your electronic signatures will have the same effect as signatures on a paper contract.
There will be one authoritative copy of this contract. It will be the electronic copy in a document management system we designate for storing it. We may convert the authoritative copy to a paper original. We will do so by printing one paper copy marked “Original.” This paper original will have your electronic signature on it. It will have the same effect as if you had signed it originally on paper.
ARBITRATION
$UELWUDWLRQ3URYLVLRQYou agree that any claims arising from or relating to this Lease or related agreements or relationships, including the validity, enforceability, arbitrability or scope of this Provision, at your or our election, are subject to arbitration. This includes, without limitation, claims in contract, tort, pursuant to statute, regulation, ordinance or in equity or otherwise, and claims asserted by us against you and by you against us, and the following Covered Parties: Toyota Lease Trust, Toyota Motor Credit Corporation, Lexus Financial Services, Toyota Motor Insurance Services, Inc., and/or any RIRXURULWVDI¿OLDWHVDQGRUDQ\RIRXURUWKHLUHPSOR\HHVRI¿FHUVVXFFHVVRUVDVVLJQVRUDJDLQVWDQ\WKLUGSDUW\SURYLGLQJDQ\SURGXFWRUVHUYLFHLQ FRQQHFWLRQZLWKWKLV/HDVH$Q\DUELWUDWLRQVKDOOEHDGPLQLVWHUHGE\HLWKHU-$06 LWVUXOHVPD\EHREWDLQHGDWDQ\RILWVPDQ\RI¿FHVQDWLRQZLGHRU online at www.jamsadr.com), or any arbitration provider that either party may choose subject to the other’s approval, which may not be unreasonably withheld. The applicable rules of the selected arbitration provider shall govern, except that in the event of any inconsistency between those rules and this Provision, this Provision shall prevail. Such claims shall be resolved in accordance with (i) the Federal Arbitration Act (the “FAA”); (ii) the selected DUELWUDWLRQSURYLGHU¶VUXOHVDQGSURFHGXUHVLQHIIHFWDWWKHWLPHWKHFODLPLV¿OHG DQG
LLL
WKLV3URYLVLRQ$Q\DUELWUDWLRQKHDULQJDWZKLFK\RXDSSHDUVKDOO be conducted at a location that is reasonably convenient to where you live. The Arbitrator shall apply applicable substantive law consistent with the FAA (and not any state law concerning arbitration) and shall award such remedies, if any, that would be available in court if arbitration had not been elected.
If you cannot afford to pay and cannot obtain a waiver of the fees charged by the Arbitrator or if you believe that such fees are or will be prohibitively expensive or excessive, we and the Covered Parties will entertain in good faith any reasonable written request by you for us and the Covered Parties to pay or reimburse you for all or part of such fees. In addition, we will pay the selected arbitration provider’s fees for all claims under $15,000. For claims above that amount, the selected arbitration provider’s fee shall be covered equally by the parties. In the event we prevail, we agree not to seek recovery of our attorneys’ fees from you. If you prevail and the Arbitrator awards you an amount higher than our last written settlement offer before the Arbitrator was selected, we will pay you double your attorney’s fees and the maximum claim that may be brought in small claims court in the county of your billing address. :HWKH&RYHUHG3DUWLHVDQG\RXDUHSURKLELWHGIURPSDUWLFLSDWLQJLQDQ\W\SHRIUHSUHVHQWDWLYHDFWLRQLQFOXGLQJDFODVV DFWLRQRUSULYDWHDWWRUQH\JHQHUDODFWLRQ:HWKH&RYHUHG3DUWLHVDQG\RXDUHDOVRSURKLELWHGIURPVHHNLQJDQ\UHOLHIRQDUHSUHVHQWDWLYH RUFODVVEDVLVYou will not be subject to this Provision for any individual claim brought by you in small claims court or your state’s equivalent court, unless such claim is transferred, removed or appealed to a different court. IF ANY PARTY ELECTS ARBITRATION WITH RESPECT TO A CLAIM, NEITHER YOU NOR WE NOR ANY COVERED PARTY WILL HAVE THE RIGHT TO LITIGATE THAT CLAIM IN COURT; TO HAVE A JURY TRIAL ON THAT CLAIM; OR TO PARTICIPATE AS A REPRESENTATIVE OR MEMBER OF ANY CLASS OF CLAIMANTS PERTAINING TO SUCH CLAIM.
THE ARBITRATOR’S DECISION WILL BE FINAL AND BINDING EXCEPT AS MAY BE PROVIDED IN THE FAA. This Provision will survive your full payment of this Lease; our sale or transfer of this Lease; any repossession of the Vehicle; and your (or our) bankruptcy.
By checking the “opt-in” box and signing below, you agree that at the request of either you or us any controversy or claim between you and us shall EHGHWHUPLQHGE\QHXWUDOELQGLQJDUELWUDWLRQXQGHUWKH)HGHUDO$UELWUDWLRQ$FW GH¿QLWLRQVWHUPVDQGFRQGLWLRQVGHVFULEHGLQWKH$UELWUDWLRQ3URYLVLRQ
,)<28'2127:,6+72%(%281'%<7+($5%,75$7,213529,6,21&+(&.7+(³237287´%2;$1'6,*1%(/2:%\FKHFNLQJDER[ and signing below, you agree that you have read and received a copy of the Arbitration Provision.
F OPT IN: You agree to be bound by the Arbitration Provision.
F OPT OUT: You do not wish to be bound by the Arbitration Provision.
Lessee Co-Lessee
K K
X
N/A
T638990695-DP638990696 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638990695-DP638990696 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:55:12 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
LEASE SIGNATURES AND NOTICES
%\VLJQLQJEHORZ\RXDFNQRZOHGJHWKDW
<RXKDYHUHDGWKHHQWLUH
/HDVHLQFOXGLQJDOOSDJHV
<RXDJUHHWRDOORIWKHSURYLVLRQVRIWKLV
Lease; (3) This is a lease; you have no ownership interest in the Vehicle unless and until you exercise your option to purchase set forth in this Lease.
1RWLFHWRWKH/HVVHH
'RQRWVLJQWKLV/HDVHEHIRUH\RXUHDGLWRULILWFRQWDLQVDQ\EODQNVSDFHVWREHÀOOHGLQ
<RXDUHHQWLWOHGWR
DFRPSOHWHO\ÀOOHGLQFRS\RIWKLV/HDVH
:DUQLQJ²8QOHVV
DFKDUJHLVLQFOXGHGLQWKLV/HDVHIRUSXEOLFOLDELOLW\RUSURSHUW\GDPDJH LQVXUDQFHSD\PHQWIRUWKDWFRYHUDJHLVQRWSURYLGHGE\WKLV/HDVH <RXDFNQRZOHGJHWKDW\RXKDYHUHFHLYHGDFRPSOHWHO\ÀOOHGLQFRS\RIWKLV/HDVH
Notice Regarding Assignment.$VSDUWRIDOLNHNLQGH[FKDQJHSURJUDP70&&KDVHQJDJHG74,([FKDQJH//& ³74,´
DVDTXDOL¿HGLQWHUPHGLDU\
/HVVRULVKHUHE\QRWL¿HGWKDW70&&KDVDVVLJQHGWR74,LWVULJKWV EXWQRWLWVREOLJDWLRQV
LQDJUHHPHQWVWRDFTXLUHWKH9HKLFOH
Acceptance and Assignment: The Lessor hereby accepts this Lease and assigns to the Toyota Lease Trust all rights, title and interest in this Lease and in the Vehicle, and Lessor’s rights under any guaranty executed in connection with this Lease, with full powers to Toyota Lease Trust to collect and discharge all obligations related to this Lease, any guaranty, and this assignment.
Lessee
L
Name:
Co-Lessee
L
Name:
Lessor
M
Name:
&$/,)251,$&5(',7',6$%,/,7<,1685$1&(&/$,0352&('85(127,&( If you have applied for and received Optional Credit Disability Insurance (Section 19), and become disabled, tell us right away. We will tell you where to get claim forms. Send in the completed form to the Insurance Provider as soon as possible and tell us as soon as you do.
If your disability insurance covers all of your missed payment, WE CANNOT TRY TO COLLECT WHAT YOU OWE OR REPOSSESS THE 9(+,&/(817,/7+5((&$/(1'$50217+6$)7(5\RXU¿UVWPLVVHGSD\PHQWLVGXHRUXQWLOWKHLQVXUDQFHFRPSDQ\SD\VRUUHMHFWV \RXUFODLPZKLFKHYHUFRPHV¿UVW:HFDQKRZHYHUWU\WRFROOHFWRUUHSRVVHVVWKHYHKLFOHLI\RXKDYHPRQH\GXHDQGRZLQJXVRUDUH otherwise in default when your disability claim is made or if a senior lien holder is foreclosing.
If the insurance company pays the claim within three calendar months, we must accept the money as though you paid on time. If the insurance company rejects the claim within the three calendar months or accepts the claim within the three calendar months as a partial disability and pays less than for a total disability, you will have 35 days from the date that the rejection or the acceptance of the partial disability claim is sent to pay past due payments, or the difference between the past due payments and what the insurance company pays for the partial disability, plus late charges. You can contact us, and we will tell you how much you owe. After that time, we can take action to collect or foreclose or repossess any collateral you may have given.
If the insurance company accepts your claim but requires that you send in additional forms to remain eligible for continued payments, you should send in these additional forms no later than required. If you do not send in these forms on time, the insurance company may stop paying, and we will be able to take action to collect or foreclose or repossess any collateral you may have given.
N/A
CITY OF REDLANDS N/A
TOYOTA OF REDLANDS
T638990695-DP638990696 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638990695-DP638990696 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:55:12 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
2. Description of Leased Vehicle
You are leasing from us, and have received in satisfactory condition, the following Vehicle:
Lease Date: _______________
This is a Lease for the Vehicle described below. The words “you”, “your” and “yours” refer to the Lessee and any Co-Lessee. The words “we”, “us” and “our” refer to the Lessor, and after assignment, to the Toyota Lease Trust (“TLT”) and any subsequent assignee. Toyota Motor Credit Corporation (“TMCC”) will be servicing this Lease on behalf of TLT. By signing this Lease, you agree to lease the Vehicle described below from us under the terms of this Lease, to pay all amounts due and to perform all of your obligations under this Lease.
1. Parties
LESSOR (DEALER) NAME AND ADDRESS
LESSEE AND CO-LESSEE NAME AND LESSEE’S BILLING ADDRESS
VEHICLE GARAGING ADDRESS
Primary Use Odometer Mileage
Leased Vehicle
9HKLFOH,GHQWLÀFDWLRQ1XPEHUNew or Used
“THERE IS NO COOLING OFF PERIOD”
California law does not provide for a “cooling off” or other cancellation period for vehicle leases. Therefore, you cannot later cancel WKLV/HDVHVLPSO\EHFDXVH\RXFKDQJH\RXUPLQGGHFLGHGWKHYHKLFOHFRVWVWRRPXFKRUZLVK\RXKDGDFTXLUHGDGLIIHUHQWYHKLFOH You may cancel this Lease only with the agreement of the Lessor or for legal cause such as fraud. *$3/,$%,/,7<127,&(
,QWKHHYHQWRIWKHIWRUGDPDJHWRWKH9HKLFOHWKDWUHVXOWVLQDWRWDOORVVWKHUHPD\EHD*$3EHWZHHQWKHDPRXQWGXH XSRQHDUO\WHUPLQDWLRQDQGWKHSURFHHGVRI\RXULQVXUDQFHVHWWOHPHQWDQGGHGXFWLEOH7+,6/($6(3529,'(67+$7<28$5(/,$%/()25 7+(*$3$028172SWLRQDOFRYHUDJHIRUWKH*$3DPRXQWPD\EHRIIHUHGIRUDQDGGLWLRQDOSULFH The box below memorializes trade-in, turn-in and other individualized agreements between you and the Lessor (Dealer). Obligations of the Lessor set IRUWKLQWKLVER[VKDOOEHWKHVROHUHVSRQVLELOLW\RIWKH/HVVRU 'HDOHU
,IWKLVER[FRQÀLFWVZLWKDQ\RWKHUVHFWLRQRIWKLV/HDVHWKHRWKHUVHFWLRQRIWKLV Lease shall control.
Lessee
A
Co-Lessee
A
Stock No:2201824
Deal ID:46049
10/04/2022
CITY OF REDLANDS
PO BOX 3005
REDLANDS, County of SAN BERNARDINO, CA 92373
TOYOTA OF REDLANDS
921 NEW YORK STREET
REDLANDS, CA 92374
N/A2022 Toyota RAV4 LE FWD
BusinessNew 2T3K1RFV6NC206876 2
N/A
N/A
T638984060-DP638984061 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638984060-DP638984061 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:44:11 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
)('(5$/&21680(5/($6,1*$&76(*5(*$7('',6&/2685(6
6. Total of
Payments
(The amount
you will have
paid by the end
of the Lease)
$
3. Amount Due at
Lease Signing
or Delivery
(Itemized in
Section 7 below)
$
5. Other Charges
(not part of your
Monthly Payment)
Disposition fee (if you
do not purchase the
Vehicle) $ __________
Total $
4. Monthly Payments
<RXU¿UVW0RQWKO\3D\PHQWRI _________ is due on ____________, followed by _________ payments of $ ______________ due on
the _________ of each month.
The total of your Monthly Payments is: $
Itemization of Amount Due at Lease Signing or Delivery
7. Amount Due at Lease Signing or Delivery:
a. Capitalized Cost Reduction $ _______________
b. First Monthly Payment $ _______________
c. Refundable Security Deposit $ _______________
d. T itle Fees $ _______________
e. Registration Fees $ _______________
f. License Fees $ _______________
g. Tax on Capitalized Cost Reduction $ _______________ h. Acquisition Fee $ _______________
i. Document Processing Fee $ _______________
(Not a Government Fee)
j. DMV Electronic Filing Fee $ _______________
(Not a Government Fee)
k. California Tire Fee $ _______________
l. ______________________________ $ _______________
m. ______________________________ $
_______________
n. ______________________________ $ _______________
o. ______________________________ $ _______________
p. Total $
+RZWKH$PRXQW'XHDW/HDVH6LJQLQJRU'HOLYHU\ZLOOEH3DLG
a. Net Trade-In Allowance
Year _____ Make _____________ Model _______________ __
VIN ____________________________
(i) Agreed Upon Value $ __________
(ii) Less: Pay Off $ __________
(iii) Less: Cash to Lessee $ __________
Net Trade In [(i) — (ii) — (iii), no less than 0] $ ________________ b. Rebates and Noncash Credits $ ________________
c. __________________________________ $ ________________ d. __________________________________ $ ________________ e. __________________________________ $ ________________ f. Amount to be Paid in Cash $ ________________
g. Total $
949.50
10/04/2022567.75
35 567.75
4th
350.00
350.0020,439.00 21,170.75
N/A
567.75
N/A
N/A
127.00
216.00
N/A
N/A
N/A
30.00 8.75
N/A N/AN/A
N/A
N/A
N/A
N/A
0.00 949.50
N/A N/A
N/AN/A
N/A N/A
N/AN/A
N/A N/A
N/A N/A
N/A
N/A N/A
949.50 949.50
T638984060-DP638984061 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638984060-DP638984061 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:44:11 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
Early Termination. You may have to pay a substantial charge if you end this Lease early. The charge may be up to several thousand dollars. The actual charge will depend on when the Lease is terminated. The earlier you end the Lease, the greater this charge is likely to be.
12. Other Important Terms
Review this Lease for additional information on early termination, purchase options and maintenance responsibilities, warranties, late and
default charges, insurance, and any security interest, if applicable.
10. Excessive Wear and Use
You may be c
harged for excessive wear based on our standards for normal use and for mileage in excess of _______________ miles over the odometer mile
age disclosed on page one, at the rate of $ _______________ per mile.
11. Purchase Option at the End of Lease Term
You have an option to purchase the Vehicle at the end of the Lease Term for $ ______________.
That amount does not include other charges you may be required to pay pursuant to Section 32.
9. Payment Determination
a. Gross Capitalized Cost. The agreed upon value of the Vehicle ($ ______________ ) and any items you pay over the Lease Term (such as service contracts, insurance, and any outstanding prior credit or lease balance). For an itemization of this amount, see Section 13. $ ______________ E &DSLWDOL]HG&RVW5HGXFWLRQ The amount of any net trade-in allowance, rebate, noncash credit, or
cash you pay that reduces the Gross Capitalized Cost. – $ ______________ c. Adjusted Capitalized Cost. The amount used in calculating your Base Monthly Payment. = $ _ ______
______ _
d. Residual Value. The value of the Vehicle at the end of the Lease used in calculating your Base Monthly Payment. – $ ______________
e. Depreciation and any Amortized Amounts. The amount charged for the Vehicle’s decline in value through normal use and for other items paid over the Lease Term. = $ __ _________
___
f. Rent Charge. The amount charged in addition to the Depreciation and any Amortized Amounts. + $ __________ _____ g. Total of Base Monthly Payments. The Depreciation and any Amortized Amounts plus the Rent Charge. = $ ________ ______ h. Lease Payments. The number of payments in your Lease. ÷ ____________ __ i. Base Monthly Payment. = $ _____________ _
j. Monthly Sales/Use Tax. + $ ____________ __
k. ___________________________________________________________________________________ + $ ___________ ___ l. Total Monthly Payment (“Monthly Payment”) = $
<RXU0RQWKO\3D\PHQWLVGHWHUPLQHGDVVKRZQEHORZ
33,369.50
34,216.50
N/A
34,216.50
20,876.00
13,340.50
5,454.00
18,794.50
36 522.07
45.68 N/A N/A
567.75
36000
0.15 20,876.00
T638984060-DP638984061 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638984060-DP638984061 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:44:11 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
5HTXLUHG,QVXUDQFH
You must p
rovide the following insurance during the Lease Term, with the Lessee and/or Co-Lessee as an insured driver. No other types of insurance are required and QR5HTXLUHG,QVXUDQFHLVSURYLGHGE\XVLQWKLV/HDVH:
a) primary automobile liability insurance with minimum limits for bodily injury or death of i) $ _______________ for any one person, and iii) $ _______________ for property damage; and ii) $ _______________ for any one accident, and
b) physical damage insurance for the full value of the Vehicle, with a maximum deductible of $1,000.
See Section 24 for more information.
You have provided us today with the following insurance information:
___________________________________________________________________________________________________________________ Insurance Provider
Policy No.
___________________________________________________________________________________________________________________ Agent’s Name
Agent’s Phone No.
___________________________________________________
___________________________________________________
_____________
Agent’s Address
14. Lease Term and Scheduled Maturity Date
The Lease Term of this Lease is ______ months, and the Scheduled Maturity Date of this Lease is ______________. ,QVXUDQFH&RYHUDJH9HUL¿FDWLRQE\'HDOHU(PSOR\HH
B
13. Itemization of Gross Capitalized Cost
You will pay for the following items over the Lease Term, as part of your Monthly Payment:
a.1. Agreed Upon Value of the Vehicle as equipped at time of signing this Lease $ _____________ a.2.
Agreed Upon Value of each accessory and item of optional equipment the Lessor (Dealer) agrees to add to the Vehicle after signing this Lease:
i. _________________________________________________________________ __________________ + $ _____________ ii. _________________________________________________________________ __________________ + $ _____________ iii. _____________
____________________________________________________ __________________ + $ _____________ iv. _________________________________________________________________ __________________ + $ _____________ a.3. Total Agreed Upon Value of the Vehicle = $ _____________ b. Taxes + $ _____________
c. Initial Title, License, and Registration Fees + $ _____________
d. Outstanding Prior Credit or Lease Balance + $ _____________ e.
Acquisition Fee + $ _____________
f. Document Processing Fee (Not a Government Fee) + $ _____________ g.
DMV Electronic Filing Fee (Not a Government Fee) + $ _____________ h. California
Tire Fee + $
_____________
i. ___________________________________________________________________________________ + $ _____________
j
. ___________________________________________________________________________________ + $ _____________
k. ___________________________________________________________________________________ + $ _____________
l. ___________________________________________________________________________________ + $ _____________
m. ___________________________________________________________________________________ + $ _____________
n. ___________________________________________________________________________________ + $ _____________
o. ___________________________________________________________________________________ + $ _____________
p. ___________________________________________________________________________________ + $ _____________
q. ___________________________________________________________________________________ + $ _____________
r. ___________________________________________________________________________________ + $ _____________
s. Gross Capitalized Cost = $
Gross Capitalized Cost Itemization and Other Items
33,369.50
N/A N/A
N/A N/A
N/A N/A
N/A N/A
33,369.50
N/A
N/A
N/A
650.00
85.00 N/A
N/A
TIFF 112.00
N/AN/A
N/A N/A
N/AN/A
N/A N/A
N/AN/A
N/AN/A
N/AN/A
N/AN/A
N/A N/A
34,216.50
36 10/03/2025
5,000.0015,000.00
30,000.00
UNKOWN 12345678
UNKNOWN (909) 793-0300
N/A
T638984060-DP638984061 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638984060-DP638984061 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:44:11 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
19. Optional Insurance and Other Products
<RXDUHQRWU
HTXLUHGWREX\DQ\RIWKH2SWLRQDO,QVXUDQFHRU2WKHU3URGXFWVOLVWHGEHORZWRHQWHULQWRWKLV/HDVHDQGWKH\DUHQRWD factor in our credit decision. These insurance and other products will not be provided unless the appropriate box is checked, all information LV¿OOHGLQ\RXVLJQEHORZDQG\RXDUHDFFHSWHGE\WKH3URYLGHU%\\RXUVLJQDWXUHEHORZ\RXDJUHHWKDW\RXKDYHUHFHLYHGDQRWLFHRIWKH terms of the insurance or product, and you want to obtain the insurance or product for the premium or charge shown. A portion of the premium or charge shown may be retained by the Lessor (Dealer).
F Optional Credit
Life Insurance
$ ____________,
Beginning Coverage
___________________________________________________,
Provider
$ ____________,
Premium
F Optional Credit
'LVDELOLW\,QVXUDQFH
$ ________________,
Maximum Monthly Coverage
___________________________________________________,
Provider
$
____________,
Premium
F
Optional Service Contract
_________,
_____,
Miles/Coverage Months
___________________________________________________,
Provider
$ ____________,
Premium or Charge
E
E
Lessee
Co-Lessee
D
D
Lessee
Co-Lessee
Lessee
C
Co-Lessee
C
____________________________________________________________________________________ ____________________________________________________________________________________, Insured(s)
____________________________________________________________________________________ ____________________________________________________________________________________, Insured(s)
(VWLPDWHG2IÀFLDO)HHVDQG7D[HV
7KLVLVDQHVWLPDWHRIWKHWRWDODPRXQW\RXZLOOSD\RYHUWKH/HDVH7HUPIRURI¿FLDODQGOLFHQVHIHHVUHJLVWUDWLRQWLWOHDQGWD[HV LQFOXGLQJ
personal property taxes), whether included in your Total Monthly Payment (Section 9.l), the Amount Due at Lease Signing or Delivery (Section 7) RUELOOHGVHSDUDWHO\7KHDFWXDOWRWDORI2I¿FLDO)HHVDQG7D[HVPD\EHKLJKHURUORZHUWKDQWKLVHVWLPDWHGHSHQGLQJRQWKHWD[UDWHVLQHIIHFWRU the value of the Vehicle at the time a fee or tax is assessed. 7KLVHVWLPDWHLVEDVHGRQ\RXUFXUUHQWDGGUHVVDQGPD\LQFUHDVHLI\RXPRYH RULIWD[UDWHVFKDQJH<RXDUHUHVSRQVLEOHIRUSD\LQJDQ\LQFUHDVHV See Section 27 for additional information.
16. Charges for Late/Returned Payments
If we do not receive a full Monthly Payment within 10 days after it is due, you must pay a late payment charge of 5% of the unpaid amount or $10, whichever is greater.
If any payment (including an electronic funds transfer) you make to us is not honored or returned to us for any reason, in addition to any late charges, you may be charged a fee of $25, as permitted by law.
Estimated Total $
18. Warranty
If the Vehicle is a new or a demo Vehicle, the Vehicle is subject to the standard new warranty from the manufacturer. If the Vehicle is used, it is QRWFRYHUHGE\DZDUUDQW\XQOHVVLGHQWL¿HGEHORZ
F Remainder of standard new vehicle warranty from manufacturer F Used vehicle warranty from manufacturer
81/(66:(0$.($:5,77(1:$55$17<25(17(5,172$6(59,&(&2175$&7:,7+,1 '$<6)5207+('$7(2)7+,6/($6(
AND EXCEPT AS STATED IN THE PARAGRAPH IMMEDIATELY ABOVE, OR AS OTHERWISE PROVIDED BY LAW, YOU ARE LEASING THIS 9(+,&/(´$6,6µ7+(5($5(12:$55$17,(6$6727+(9(+,&/(·6&21',7,210(5&+$17$%,/,7< 68,7$%,/,7< 25),71(66 )25$3$57,&8/$5385326(
2,635.50
N/A
N/A
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N/A
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N/A
N/A
N/A N/A
N/AN/A N/A
N/A
N/A N/A
T638984060-DP638984061 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638984060-DP638984061 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:44:11 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
YOUR OBLIGATIONS DURING THIS LEASE
21. Vehicle Maintenance and Damage
You are responsible for all maintenance, repair,
service, and operating expenses of the Vehicle. You agree to keep the Vehicle in the same condition as when you received it, except for reasonable wear, to maintain the Vehicle so that any warranties or similar agreements remain effective and so that it passes all inspections required by law, to follow the owner’s manual and maintenance schedule, and to provide us with written proof of such maintenance. You agree to make the Vehicle available to us for inspection during the Lease Term at any reasonable time and place that we request. 3URKLELWHG8VHVRIWKH9HKLFOHYou agree that you will not, nor permit others to:
a. use the Vehicle in any illegal manner, in violation of your insurance policy, or without the insurance coverage described in Sections 15 and 24; b. alter or install any equipment on or in the Vehicle without our written consent. Any accessions to the Vehicle become our property; c. subject the Vehicle to any lien, seizure or other involuntary transfer; d. use the Vehicle to transport goods or people for hire; H UHPRYHWKH9HKLFOHIURPWKHVWDWHZKHUHLWZDV¿UVWWLWOHGIRUPRUHWKDQGD\VZLWKRXWRXUZULWWHQFRQVHQW
&RPSOHWH$JUHHPHQWRU0RGLÀFDWLRQ
By your signa
ture, you acknowledge that this Lease contains the entire agreement for the Lease of this Vehicle. There are no other agreements.
Any change to this Lease must be in writing, and signed by you and by us.
J
Lessee
J
Co-Lessee
F 2SWLRQDO*XDUDQWHHG$XWRPRELOH3URWHFWLRQ(See Section 31) ___________________________________________________,
Provider
$ ____________,
Premium or Charge
F
Optional Maintenance Agreement
___________________________________________________
,
Provider
$ ____________,
Premium or Charge
F
F
Lessee
Co-Lessee
Lessee
Co-Lessee
G
G
F Optional Excess Wear and Use Protection Plan
___________________________________________________,
Provider
$ ____________,
Premium or Charge
F Optional Tire and Wheel Protection Plan
___________________________________________________
,
Provider
$ ____________,
Premium or Charge
Total Premiums and Charges $
Lessee
Lessee
H
I
Co-Lessee
Co-Lessee
H
I
N/A N/A
N/A
N/A
N/A N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A N/A
N/A
N/A
0.00 N/A
T638984060-DP638984061 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638984060-DP638984061 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:44:11 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
f. take the Vehicle outside the continental United States (except to Canada or Mexico for less than 30 days, if you have our consent and have provided us with proof of insurance);
g. use the Vehicle in a way that causes the cancellation or suspension of any warranty or other similar protection agreement; or h. allow anyone else to regularly use the Vehicle without our written consent. $VVLJQLQJVXEOHDVLQJ SOHGJLQJ
RUSHUPLWWLQJDVHFXULW\LQWHUHVWWREHFUHDWHGLQRULQDQ\RWKHUZD\WUDQVIHUULQJE\\RXRIDQ\LQWHUHVWLQ WKH9HKLFOHRUWKLV/HDVHLVVWULFWO\SURKLELWHG
23. Title and Registration. Legal title to the Vehicle will be in our name and the Vehicle will be registered as we direct. You must promptly pay all title, registration, and license fees.
5HTXLUHG,QVXUDQFH7KHOLPLWVUHTXLUHGXQGHUVWDWHODZPD\QRWEHVXI¿FLHQWIRU\RXUQHHGV6HH\RXULQVXUDQFHSURYLGHUIRUPRUHLQIRUPDWLRQYou PD\REWDLQWKHUHTXLUHGFRYHUDJHVWKURXJKDQ\LQVXUDQFHFRPSDQ\DJHQWRUEURNHU\RXFKRRVHZKLFKLVUHDVRQDEO\DFFHSWDEOHWRXV DQGDXWKRUL]HGWRGREXVLQHVVLQWKHVWDWHZKHUHWKH9HKLFOHLVORFDWHG This insurance may be provided through existing policies that you own or control if it otherwise meets all requirements. The insurance policy must be acceptable to us, name Toyota Lease Trust as additional insured and loss payee, and give us at least 10 days written notice before any cancellation or reduction in coverage. You authorize us to endorse your name(s) on any check or draft from your insurance company for any claim. You must provide us with written proof of this insurance, including a copy of the insurance policy, at any time during the term of this Lease at our request. You agree to release to us all insurance or other proceeds you receive for damages or loss to the Vehicle (including any premium refunds on the Required Insurance) up to the amount you owe us. 1RWLFH
/LDELOLW\LQVXUDQFHFRYHUDJHIRUERGLO\LQMXU\DQGSURSHUW\GDPDJHFDXVHGWRRWKHUVLVQRWLQFOXGHGLQWKLV/HDVH 3D\PHQW2EOLJDWLRQVYou may not change or stop your Monthly Payments for any reason, even if the Vehicle is stolen, destroyed, seized by the government, non-operative, experiences any mechanical problem, or does not perform satisfactorily. We may apply each Monthly Payment and each other payment we receive to past due payments, current payment due, late charges, and other amounts due under this Lease in any order we choose, to the extent permitted by law.
26. Change in Address. You must notify us in writing within 30 days of any change in your address or the address where the Vehicle is garaged. )HHV7D[HVDQG)LQHV<RXPXVWSURPSWO\SD\DOORI¿FLDOIHHVDQGWD[HVUHODWHGWRWKH9HKLFOHDQGWKLV/HDVHLQFOXGLQJWLWOHOLFHQVHDQGUHJLVWUDWLRQ fees, and sales, use, excise and personal property taxes. These amounts may change from time to time based on changes to your address and FKDQJHVLQWD[UDWHV<RXPXVWDOVRSURPSWO\SD\DOORWKHUIHHVDVVHVVPHQWVFKDUJHVFRVWVDQG¿QHV FROOHFWLYHO\³¿QHV´
LQFXUUHGRQWKH9HKLFOHVXFK
DVWUDI¿FWLFNHWVLPSRXQGVWRZLQJFKDUJHVVWRUDJHFKDUJHVDQGWROOYLRODWLRQV6RPHELOOVIRURI¿FLDOIHHVDQGWD[HVPD\EHVHQWWR\RXIRUSD\PHQW Other bills may be paid by us on your behalf and we will charge you the amount billed to us. If you fail to pay any such amount when billed by us or by a third party, and we elect to pay it, you will reimburse us for the amount paid plus a $10 administrative fee per incident, to the extent permitted by law. In connection with these bills, you give us permission to provide information regarding you and this Lease to the billing authority. You must pay all IHHVWD[HVDVVHVVPHQWVFKDUJHVFRVWVDQG¿QHVLQFXUUHGRQWKH9HKLFOHGXULQJWKH/HDVH7 HUPHYHQLIWKH\DUHDVVHVVHGDQGELOOHGDIWHUWKLV/HDVH has ended. We may charge you an estimated amount for any remaining items at the time this Lease ends. You are responsible for any shortage in this estimate, and we will refund you any excess.
:HDUHQRWREOLJDWHGWRDSSO\IRUDQ\UHIXQGRUDEDWHPHQWRIRI¿FLDOIHHVDQGWD[HVLQFOXGLQJSHUVRQDOSURSHUW\WD[HV,I\RXPDNHDZULWWHQUHTXHVW WKDWZHDSSO\IRUDUHIXQGRIDQRI¿FLDOIHHRUWD[WKDW\RXSDLGWRXVWRZKLFK\RXDUHHQWLWOHGZHZLOO¿OHDQDSSOLFDWLRQIRUUHIXQG:HZLOOVHQGDQ\ refund we receive, less all amounts due under this Lease, to you. :HPD\SD\DQ\WLWOHUHJLVWUDWLRQOLFHQVHIHHWD[DVVHVVPHQWFKDUJHFRVWRU¿QHZKLFK\RXIDLOWRSD\DQGFKDUJH\RXWKHDPRXQWSDLG<RXDUH UHVSRQVLEOHIRUDQ\¿QHVRUSHQDOWLHVLI\RXIDLOWRSD\WKHELOOZKHQGXH
28. Default and Remedies. To the extent permitted by law, you will be in default if:
a. you fail to make any payment when it is due;
b. you fail to keep any other agreement in this Lease;
c. you provided false or misleading information when applying for this Lease; d. you become the subject of a bankruptcy or insolvency proceeding; H WKH9HKLFOHLVORVWVWROHQVHL]HGFRQ¿VFDWHGOHYLHGXSRQRUGDPDJHGEH\RQGUHDVRQDEOHUHSDLU
f. you die and there is no surviving co-lessee; or
g. you fail to return the Vehicle by the Scheduled Maturity Date and do not obtain our written consent to extend the Lease Term.
If you are in default, we may do any or all of the following, as permitted by law, after giving any legally required notices, and observing any legally required cure or reinstatement periods:
i. terminate this Lease and your right to use the Vehicle; ii. require you to return the Vehicle by allowing us to pick up the Vehicle or making it available to us at any reasonable time and place we specify; iii. take possession of the Vehicle by legal process or by self help in any manner not prohibited by law; iv. require you to pay the amounts set forth in Section 29; v. take any reasonable action to correct your default or to prevent our loss; vi. pursue any other remedy allowed by law; and
vii. require you to pay all of our reasonable expenses for taking these actions and add the amount of our expenses to the amount you owe us under this Lease, including, but not limited to, expenses for repossession, transportation, storage, collection, and legal costs, including reasonable attorneys’ fees paid to an attorney who is not our salaried employee, as allowed by applicable law.
We or our agent may take possession of personal property left in or on the Vehicle, subject to your right to recover such property, if any. We or our agent may store it for you and you will be responsible to pay for this service. If you do not take possession of the personal property, we or our agent may dispose of it as permitted by law.
T638984060-DP638984061 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638984060-DP638984061 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:44:11 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
ENDING YOUR LEASE
(DUO\7HUPLQDWLRQE\8VWe may terminate this Lease at any time if you are in default (see Section 28). If we do, you must return the Vehicle to us, at any reasonable location we specify. In addition, you must pay us, upon demand, the total of the following amounts:
a. the amounts set forth in Section 28(vii); plus
b. all Monthly Payments that have become due and are unpaid at termination; plus c. all other unpaid amounts then due under this Lease, but not including charges for Excessive Wear and Use and excess mileage (Sections 10 and 34); plus
d. an Early Termination Amount equal to, the difference, if any, between:
(i) the Adjusted Capitalized Cost as disclosed in Section 9(c); and (ii) the sum of (a) all depreciation and other amortized amounts accrued through the date of early termination, calculated in accordance with the FRQVWDQW\LHOGPHWKRGDQG
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e. any remaining Refundable Security Deposit (Section 36) or refund we receive from Optional Insurance or Other Products (Section 38).
The “Realized Value” means one of the following: (1) where the Vehicle is a total loss as a result of a theft or damage, and you maintain the Required Insurance, the amount of any applicable insurance deductible owed by you plus the proceeds of the settlement of the insurance claim, unless we agree to a higher amount; (2) the wholesale appraised value, if you elect to have an appraisal, which you may obtain, at your own expense, from a professional independent appraiser agreed to by you and us (the appraisal must be completed at least three days before the scheduled valuation or disposal date of the Vehicle, as provided by a notice that we will provide to you); (3) if we choose to retain ownership of the Vehicle for use or to lease WKH9HKLFOHWRDVXEVHTXHQWOHVVHHWKHZKROHVDOHYDOXHDVVSHFL¿HGLQWKHFXUUHQWHGLWLRQRIDUHFRJQL]HGXVHGYHKLFOHJXLGHVXFKDV.HOOH\%OXH%RRN RUWKH1$'$2I¿FLDO8VHG&DU*XLGH
RU
XQGHUDOORWKHUFLUFXPVWDQFHVWKHSULFHSDLGIRUWKH9HKLFOHDWGLVSRVLWLRQ (DUO\7HUPLQDWLRQE\<RXYou may terminate this Lease at any time prior to the scheduled end of this Lease. If you terminate this Lease early, are not in default, and do not elect to purchase the Vehicle in accordance with Section 32, you must return the Vehicle to us, at any reasonable location we specify, and you must pay us, upon demand:
a. all Monthly Payments that have become due and are unpaid at termination; plus b. all other unpaid amounts then due under this Lease, but not including charges for Excessive Wear and Use and excess mileage (Sections 10 and 34); plus
c. the Early Termination Amount determined pursuant to Section 29(d) above; minus d. any remaining Refundable Security Deposit (Section 36) or refund we receive from Optional Insurance or Other Products (Section 38).
If you terminate this Lease early, are in default (see Section 28), and do not elect to purchase the Vehicle in accordance with Section 32, you must UHWXUQWKH9HKLFOHWRXVDWDQ\UHDVRQDEOHORFDWLRQZHVSHFLI\DQG\RXPXVWSD\XVXSRQGHPDQGWKHDPRXQWVVSHFL¿HGLQ6HFWLRQ DERYH
Other terms apply if you terminate this Lease and purchase the Vehicle or trade in the Vehicle in connection with the purchase or lease of another vehicle.
(IIHFWRI*XDUDQWHHG$XWRPRELOH3URWHFWLRQRQ(DUO\7HUPLQDWLRQ If the Vehicle is subject to damage or theft resulting in a total loss, and you have purchased and received Guaranteed Automobile Protection in connection with this Lease, and you have met the conditions set forth in the Guaranteed Automobile Protection agreement, then your Early Termination obligations set forth in Sections 29 or 30, as applicable, will not include the charges set forth in Section 29(d), the disposition fee shown in Section 5, and the charges for Excessive Wear and Use and excess mileage (Sections 10 and 34).
32. Your Option to Purchase the Vehicle. You may purchase the Vehicle at any time during this Lease or at the Scheduled Maturity Date (unless a governmental agency has seized the Vehicle and instructed us not to release the Vehicle to you). The price to purchase the Vehicle at the Scheduled Maturity Date is the Purchase Option Price shown in Section 11, plus, the amount described in subsections 32(a), 32(b) and 32(c), below. The price to purchase the Vehicle during the Lease Term is the total of:
a. all unpaid Monthly Payments that have become due, and other amounts due and unpaid under this Lease, except the disposition fee shown in Section 5 and charges for Excessive Wear and Use and excess mileage (Sections 10 and 34); plus, E DOORI¿FLDOIHHVDQGWD[HVDQGGRFXPHQWDU\IHHVFKDUJHGLQFRQQHFWLRQZLWKWKHSXUFKDVH SOXV
c. all amounts necessary to meet any legal selling requirements; plus, d. the difference, if any, between the Adjusted Capitalized Cost as disclosed in Section 9(c) and all depreciation and other amortized amounts accrued through the date of early termination, calculated in accordance with the constant yield method. $V SDUW RI D OLNHNLQG H[FKDQJH SURJUDP 70&& KDV HQJDJHG 74, ([FKDQJH //& ³74,´
DV D TXDOL¿HG LQWHUPHGLDU\ /HVVRU DQG /HVVHH DUH KHUHE\QRWL¿HGWKDW70&&KDVDVVLJQHGWR74,LWVULJKWV EXWQRWLWVREOLJDWLRQV
LQDQ\DJUHHPHQWIRUWKHVDOHRIWKH9HKLFOHDW/HDVHWHUPLQDWLRQ 2EOLJDWLRQVLI<RX'R1RW3XUFKDVHWKH9HKLFOHDWWKH6FKHGXOHG0DWXULW\'DWHAt the Scheduled Maturity Date, you must return the Vehicle to us at any reasonable location we specify, and pay us, upon demand, the following amounts:
a. all Monthly Payments and other amounts due under this Lease, including the disposition fee shown in Section 5; plus E DOORI¿FLDOIHHVDQGWD[HVFKDUJHGLQFRQQHFWLRQZLWKWKLV/HDVHWHUPLQDWLRQ SOXV
c. all Excessive Wear and Use charges described in Section 34; plus d. all excess mileage charges disclosed in Section 10. You will not receive a refund if you do not use all of the mileage set forth in Section 10.
If you keep possession of the Vehicle past the Scheduled Maturity Date, you agree to continue to pay the Monthly Payments. However, continued payment does not cure any default, including a default under Section 28(g), and does not permit you to keep the Vehicle unless you obtain our advance written consent to extend the Lease Term. You agree to pay us any damages we suffer because you failed to return the Vehicle at the end of this Lease.
T638984060-DP638984061 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638984060-DP638984061 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:44:11 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
34. Excessive Wear and Use Charges. If you do not purchase the Vehicle at any time during this Lease or at the Scheduled Maturity Date, or if you elect to terminate this Lease pursuant to the terms of this Lease and except to the extent paid by the Excess Wear and Use Protection Plan; if you purchased and received that Plan, you are responsible for the estimated cost to repair damage (including diagnostic cost, if any) to the Vehicle which is excessive wear and use (even if we do not repair the Vehicle).
Excessive wear and use may include but is not limited to certain damage such as:
a. inoperative mechanical and electrical parts;
b. damage (including but not limited to, damage to the engine) due to your failure to maintain the Vehicle pursuant to the terms of this Lease; c. damage to the body, lights, trim or paint;
d. damaged, broken or missing glass;
e. torn, damaged or stained interior;
I GDPDJHIURPÀRRGZDWHUKDLORUVDQG
g. damage from removal of equipment or signs placed on the Vehicle; h. missing equipment, parts and accessories, including missing keys or remote entry devices; or i. any wear or damage to any part of the tire that doesn’t allow the tire to meet the manufacturer’s guidelines for safe operation, or any mismatched tire sizes in a set of 5 (or 4 with any emergency spare if the Vehicle was equipped with one). $'',7,21$/,1)250$7,21
35. Communication Consent. <RXDJUHHWKDWZH70&&DQGDQ\DI¿OLDWHVDJHQWVDQGVHUYLFHSURYLGHUVRUDQ\DVVLJQHHVRIWKHIRUHJRLQJ LQGLYLGXDOO\
DQGFROOHFWLYHO\DVDSSOLFDEOHLQWKLV&RPPXQLFDWLRQV&RQVHQWVHFWLRQ³ZH´³RXU´RU³XV´ PD\FDOO\RXOHDYH\RXDYRLFHSUHUHFRUGHGRUDUWL¿FLDO voice message or send you a text, email or other electronic message for any purpose related to your Accounts with us, our products and services, or surveys or research (each a “Communication”). We may include your personal information in a Communication and conduct a Communication using an automated dialing system and any contact information we have for you, including a cell phone number. We will not charge you for a Communication but your service provider may do so. You understand and agree, we may always communicate with you in any manner permissible by law that does not require your consent.
5HIXQGDEOH6HFXULW\'HSRVLWYour security deposit may be used by us to pay amounts that you owe under this Lease. If you elect to purchase your Vehicle, your security deposit may be applied by us to the amount you owe to purchase your Vehicle. Any unused security deposit will be returned to \RXDWWKHHQGRIWKH/HDVH7HUP1RLQWHUHVWLQFUHDVHRUSUR¿WVZLOOEHSDLGWR\RXRQWKHVHFXULW\GHSRVLWXQOHVVUHTXLUHGE\ODZ
37. Assignment. We can assign our interest in this Lease and in the Vehicle without your consent. After you sign this Lease, we will assign it to TLT and you agree to make all payments to TMCC as servicer for TLT.
38. Refund of Optional Insurance or Other Products. If any optional insurance or product included in the Gross Capitalized Cost is cancelled before the end of the Lease Term, or if you are not accepted by the Provider for a requested optional insurance or product, we will credit any refunds to your account.
39. Indemnity. You agree to indemnify us from, and to pay on our behalf, any claim or loss (including damages, costs, expenses and legal fees) which arises from or is related to the possession, condition, use, maintenance or operation of the Vehicle. Any insurance we provide is secondary to the Required Insurance.
40. Credit Information.
You authorize us, at any time, to investigate any information provided on your credit application in order to establish, maintain and collect on this Lease account, including to order one or more credit reports in connection with establishing, maintaining or collecting this Lease account.
You authorize us to provide information concerning your account to credit reporting agencies and others who may lawfully receive such information.
You may notify us if you believe that we have reported any inaccurate information about your Lease account to a consumer reporting agency. Send \RXUZULWWHQQRWLFHGHVFULELQJWKHVSHFL¿FLQDFFXUDFLHVWRXVDWWKHIROORZLQJDGGUHVV 3 2%R[
&HGDU5DSLGV,$
/LDELOLW\Lessee and Co-Lessee are jointly and severally liable. If there is both a Lessee and Co-Lessee signing this Lease, we can release, waive, or delay the enforcement of our rights against one of you, without affecting our rights as to the other one(s).
42. Notices. All Lessee and Co-Lessee correspondence and notices will be sent to the Lessee’s Billing Address shown on this Lease, unless you give us a different address. If the Co-Lessee provides a separate address, delinquency notices will be provided to such address in addition to the Billing Address.
All correspondence and notices will be given solely in TMCC’s name as the servicer, and will be given on behalf of TLT. &KRLFHRI/DZDQG6HYHUDELOLW\You agree that the law of the state in which this Lease is signed applies to this Lease unless prohibited by law. If certain provisions of this Lease violate the law, those provisions will be void, and the rest of this Lease will be enforceable. 1R:DLYHUE\8VIf we delay or refrain from exercising our rights or remedies under this Lease, we do not lose those rights or remedies. If we accept late or partial payments from you, we do not waive our right to receive full and timely payments. We may accept payments with “Payment in Full,” similar language or other restrictive endorsements without being bound by such language or waiving our rights or remedies.
45. Odometer Disclosure Statement. Federal law requires that you disclose the Vehicle’s odometer reading to us upon termination of this Lease or transfer of ownership. Failure to complete an Odometer Disclosure Statement, failure to return it to us, or making a false statement therein, may result LQ¿QHVDQGRULPSULVRQPHQW<RXZLOOEHSURYLGHGDQ2GRPHWHU'LVFORVXUH6WDWHPHQWWRFRPSOHWHSULRUWRWKHWHUPLQDWLRQRIWKLV/HDVH
46. Nonapproval of Credit Application. You have the right to return the vehicle and receive a refund of any payments made if the credit DSSOLFDWLRQLVQRWDSSURYHGXQOHVVQRQDSSURYDOUHVXOWVIURPDQLQFRPSOHWHDSSOLFDWLRQRUIURPLQFRUUHFWLQIRUPDWLRQSURYLGHGE\\RX T638984060-DP638984061 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638984060-DP638984061 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:44:11 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
47. True Lease; Security Interest. <RXDQGZHLQWHQGWKDWWKLV/HDVHIRUDOOSXUSRVHVFRQVWLWXWH V D³WUXHOHDVH´RIWKH9HKLFOHDQGQRWD³¿QDQFHG lease” or a secured transaction under the laws of any state. However, if for some reason a court or arbitrator determines that this Lease constitutes D³¿QDQFHGOHDVH´RUDVHFXUHGWUDQVDFWLRQ\RXJUDQWXVDVHFXULW\LQWHUHVWDWWKDWWLPHWRWKHH[WHQWSHUPLWWHGE\ODZLQWKH9HKLFOHLQFOXGLQJDQ\ SURSHUW\QRZRUODWHULQVWDOOHGLQRUDI¿[HGWRWKH9HKLFOHLQDOOSURFHHGVGHULYHGIURPWKH9HKLFOHLQ\RXUVHFXULW\GHSRVLWLQWKHSURFHHGVRIDQ\ insurance relating to persons or property and the proceeds of all Guaranteed Automobile Protection and other optional products, including return of unearned premiums and unearned charges.
48. Electronic Records and Signatures and Conversion to Paper. You agree to use electronic records and electronic signatures to document this contract. Your electronic signatures will have the same effect as signatures on a paper contract.
There will be one authoritative copy of this contract. It will be the electronic copy in a document management system we designate for storing it. We may convert the authoritative copy to a paper original. We will do so by printing one paper copy marked “Original.” This paper original will have your electronic signature on it. It will have the same effect as if you had signed it originally on paper.
ARBITRATION
$UELWUDWLRQ3URYLVLRQYou agree that any claims arising from or relating to this Lease or related agreements or relationships, including the validity, enforceability, arbitrability or scope of this Provision, at your or our election, are subject to arbitration. This includes, without limitation, claims in contract, tort, pursuant to statute, regulation, ordinance or in equity or otherwise, and claims asserted by us against you and by you against us, and the following Covered Parties: Toyota Lease Trust, Toyota Motor Credit Corporation, Lexus Financial Services, Toyota Motor Insurance Services, Inc., and/or any RIRXURULWVDI¿OLDWHVDQGRUDQ\RIRXURUWKHLUHPSOR\HHVRI¿FHUVVXFFHVVRUVDVVLJQVRUDJDLQVWDQ\WKLUGSDUW\SURYLGLQJDQ\SURGXFWRUVHUYLFHLQ FRQQHFWLRQZLWKWKLV/HDVH$Q\DUELWUDWLRQVKDOOEHDGPLQLVWHUHGE\HLWKHU-$06 LWVUXOHVPD\EHREWDLQHGDWDQ\RILWVPDQ\RI¿FHVQDWLRQZLGHRU online at www.jamsadr.com), or any arbitration provider that either party may choose subject to the other’s approval, which may not be unreasonably withheld. The applicable rules of the selected arbitration provider shall govern, except that in the event of any inconsistency between those rules and this Provision, this Provision shall prevail. Such claims shall be resolved in accordance with (i) the Federal Arbitration Act (the “FAA”); (ii) the selected DUELWUDWLRQSURYLGHU¶VUXOHVDQGSURFHGXUHVLQHIIHFWDWWKHWLPHWKHFODLPLV¿OHG DQG
LLL
WKLV3URYLVLRQ$Q\DUELWUDWLRQKHDULQJDWZKLFK\RXDSSHDUVKDOO be conducted at a location that is reasonably convenient to where you live. The Arbitrator shall apply applicable substantive law consistent with the FAA (and not any state law concerning arbitration) and shall award such remedies, if any, that would be available in court if arbitration had not been elected.
If you cannot afford to pay and cannot obtain a waiver of the fees charged by the Arbitrator or if you believe that such fees are or will be prohibitively expensive or excessive, we and the Covered Parties will entertain in good faith any reasonable written request by you for us and the Covered Parties to pay or reimburse you for all or part of such fees. In addition, we will pay the selected arbitration provider’s fees for all claims under $15,000. For claims above that amount, the selected arbitration provider’s fee shall be covered equally by the parties. In the event we prevail, we agree not to seek recovery of our attorneys’ fees from you. If you prevail and the Arbitrator awards you an amount higher than our last written settlement offer before the Arbitrator was selected, we will pay you double your attorney’s fees and the maximum claim that may be brought in small claims court in the county of your billing address. :HWKH&RYHUHG3DUWLHVDQG\RXDUHSURKLELWHGIURPSDUWLFLSDWLQJLQDQ\W\SHRIUHSUHVHQWDWLYHDFWLRQLQFOXGLQJDFODVV DFWLRQRUSULYDWHDWWRUQH\JHQHUDODFWLRQ:HWKH&RYHUHG3DUWLHVDQG\RXDUHDOVRSURKLELWHGIURPVHHNLQJDQ\UHOLHIRQDUHSUHVHQWDWLYH RUFODVVEDVLVYou will not be subject to this Provision for any individual claim brought by you in small claims court or your state’s equivalent court, unless such claim is transferred, removed or appealed to a different court. IF ANY PARTY ELECTS ARBITRATION WITH RESPECT TO A CLAIM, NEITHER YOU NOR WE NOR ANY COVERED PARTY WILL HAVE THE RIGHT TO LITIGATE THAT CLAIM IN COURT; TO HAVE A JURY TRIAL ON THAT CLAIM; OR TO PARTICIPATE AS A REPRESENTATIVE OR MEMBER OF ANY CLASS OF CLAIMANTS PERTAINING TO SUCH CLAIM.
THE ARBITRATOR’S DECISION WILL BE FINAL AND BINDING EXCEPT AS MAY BE PROVIDED IN THE FAA. This Provision will survive your full payment of this Lease; our sale or transfer of this Lease; any repossession of the Vehicle; and your (or our) bankruptcy.
By checking the “opt-in” box and signing below, you agree that at the request of either you or us any controversy or claim between you and us shall EHGHWHUPLQHGE\QHXWUDOELQGLQJDUELWUDWLRQXQGHUWKH)HGHUDO$UELWUDWLRQ$FW GH¿QLWLRQVWHUPVDQGFRQGLWLRQVGHVFULEHGLQWKH$UELWUDWLRQ3URYLVLRQ
,)<28'2127:,6+72%(%281'%<7+($5%,75$7,213529,6,21&+(&.7+(³237287´%2;$1'6,*1%(/2:%\FKHFNLQJDER[ and signing below, you agree that you have read and received a copy of the Arbitration Provision.
F OPT IN: You agree to be bound by the Arbitration Provision.
F OPT OUT: You do not wish to be bound by the Arbitration Provision.
Lessee Co-Lessee
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N/A
T638984060-DP638984061 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638984060-DP638984061 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:44:11 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
LEASE SIGNATURES AND NOTICES
%\VLJQLQJEHORZ\RXDFNQRZOHGJHWKDW
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Lease; (3) This is a lease; you have no ownership interest in the Vehicle unless and until you exercise your option to purchase set forth in this Lease.
1RWLFHWRWKH/HVVHH
'RQRWVLJQWKLV/HDVHEHIRUH\RXUHDGLWRULILWFRQWDLQVDQ\EODQNVSDFHVWREHÀOOHGLQ
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DFRPSOHWHO\ÀOOHGLQFRS\RIWKLV/HDVH
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DFKDUJHLVLQFOXGHGLQWKLV/HDVHIRUSXEOLFOLDELOLW\RUSURSHUW\GDPDJH LQVXUDQFHSD\PHQWIRUWKDWFRYHUDJHLVQRWSURYLGHGE\WKLV/HDVH <RXDFNQRZOHGJHWKDW\RXKDYHUHFHLYHGDFRPSOHWHO\ÀOOHGLQFRS\RIWKLV/HDVH
Notice Regarding Assignment.$VSDUWRIDOLNHNLQGH[FKDQJHSURJUDP70&&KDVHQJDJHG74,([FKDQJH//& ³74,´
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/HVVRULVKHUHE\QRWL¿HGWKDW70&&KDVDVVLJQHGWR74,LWVULJKWV EXWQRWLWVREOLJDWLRQV
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Acceptance and Assignment: The Lessor hereby accepts this Lease and assigns to the Toyota Lease Trust all rights, title and interest in this Lease and in the Vehicle, and Lessor’s rights under any guaranty executed in connection with this Lease, with full powers to Toyota Lease Trust to collect and discharge all obligations related to this Lease, any guaranty, and this assignment.
Lessee
L
Name:
Co-Lessee
L
Name:
Lessor
M
Name:
&$/,)251,$&5(',7',6$%,/,7<,1685$1&(&/$,0352&('85(127,&( If you have applied for and received Optional Credit Disability Insurance (Section 19), and become disabled, tell us right away. We will tell you where to get claim forms. Send in the completed form to the Insurance Provider as soon as possible and tell us as soon as you do.
If your disability insurance covers all of your missed payment, WE CANNOT TRY TO COLLECT WHAT YOU OWE OR REPOSSESS THE 9(+,&/(817,/7+5((&$/(1'$50217+6$)7(5\RXU¿UVWPLVVHGSD\PHQWLVGXHRUXQWLOWKHLQVXUDQFHFRPSDQ\SD\VRUUHMHFWV \RXUFODLPZKLFKHYHUFRPHV¿UVW:HFDQKRZHYHUWU\WRFROOHFWRUUHSRVVHVVWKHYHKLFOHLI\RXKDYHPRQH\GXHDQGRZLQJXVRUDUH otherwise in default when your disability claim is made or if a senior lien holder is foreclosing.
If the insurance company pays the claim within three calendar months, we must accept the money as though you paid on time. If the insurance company rejects the claim within the three calendar months or accepts the claim within the three calendar months as a partial disability and pays less than for a total disability, you will have 35 days from the date that the rejection or the acceptance of the partial disability claim is sent to pay past due payments, or the difference between the past due payments and what the insurance company pays for the partial disability, plus late charges. You can contact us, and we will tell you how much you owe. After that time, we can take action to collect or foreclose or repossess any collateral you may have given.
If the insurance company accepts your claim but requires that you send in additional forms to remain eligible for continued payments, you should send in these additional forms no later than required. If you do not send in these forms on time, the insurance company may stop paying, and we will be able to take action to collect or foreclose or repossess any collateral you may have given.
N/A
CITY OF REDLANDS N/A
TOYOTA OF REDLANDS
T638984060-DP638984061 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638984060-DP638984061 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:44:11 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
2. Description of Leased Vehicle
You are leasing from us, and have received in satisfactory condition, the following Vehicle:
Lease Date: _______________
This is a Lease for the Vehicle described below. The words “you”, “your” and “yours” refer to the Lessee and any Co-Lessee. The words “we”, “us” and “our” refer to the Lessor, and after assignment, to the Toyota Lease Trust (“TLT”) and any subsequent assignee. Toyota Motor Credit Corporation (“TMCC”) will be servicing this Lease on behalf of TLT. By signing this Lease, you agree to lease the Vehicle described below from us under the terms of this Lease, to pay all amounts due and to perform all of your obligations under this Lease.
1. Parties
LESSOR (DEALER) NAME AND ADDRESS
LESSEE AND CO-LESSEE NAME AND LESSEE’S BILLING ADDRESS
VEHICLE GARAGING ADDRESS
Primary Use Odometer Mileage
Leased Vehicle
9HKLFOH,GHQWLÀFDWLRQ1XPEHUNew or Used
“THERE IS NO COOLING OFF PERIOD”
California law does not provide for a “cooling off” or other cancellation period for vehicle leases. Therefore, you cannot later cancel WKLV/HDVHVLPSO\EHFDXVH\RXFKDQJH\RXUPLQGGHFLGHGWKHYHKLFOHFRVWVWRRPXFKRUZLVK\RXKDGDFTXLUHGDGLIIHUHQWYHKLFOH You may cancel this Lease only with the agreement of the Lessor or for legal cause such as fraud. *$3/,$%,/,7<127,&(
,QWKHHYHQWRIWKHIWRUGDPDJHWRWKH9HKLFOHWKDWUHVXOWVLQDWRWDOORVVWKHUHPD\EHD*$3EHWZHHQWKHDPRXQWGXH XSRQHDUO\WHUPLQDWLRQDQGWKHSURFHHGVRI\RXULQVXUDQFHVHWWOHPHQWDQGGHGXFWLEOH7+,6/($6(3529,'(67+$7<28$5(/,$%/()25 7+(*$3$028172SWLRQDOFRYHUDJHIRUWKH*$3DPRXQWPD\EHRIIHUHGIRUDQDGGLWLRQDOSULFH The box below memorializes trade-in, turn-in and other individualized agreements between you and the Lessor (Dealer). Obligations of the Lessor set IRUWKLQWKLVER[VKDOOEHWKHVROHUHVSRQVLELOLW\RIWKH/HVVRU 'HDOHU
,IWKLVER[FRQÀLFWVZLWKDQ\RWKHUVHFWLRQRIWKLV/HDVHWKHRWKHUVHFWLRQRIWKLV Lease shall control.
Lessee
A
Co-Lessee
A
Stock No:2201858
Deal ID:46053
10/04/2022
CITY OF REDLANDS
PO BOX 3005
REDLANDS, County of SAN BERNARDINO, CA 92373
TOYOTA OF REDLANDS
921 NEW YORK STREET
REDLANDS, CA 92374
N/A2022 Toyota Highlander LE FWD
BusinessNew 5TDZZRAH4NS139171 5
N/A
N/A
T638982029-DP638982030 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638982029-DP638982030 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:41:13 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
)('(5$/&21680(5/($6,1*$&76(*5(*$7('',6&/2685(6
6. Total of
Payments
(The amount
you will have
paid by the end
of the Lease)
$
3. Amount Due at
Lease Signing
or Delivery
(Itemized in
Section 7 below)
$
5. Other Charges
(not part of your
Monthly Payment)
Disposition fee (if you
do not purchase the
Vehicle) $ __________
Total $
4. Monthly Payments
<RXU¿UVW0RQWKO\3D\PHQWRI _________ is due on ____________, followed by _________ payments of $ ______________ due on
the _________ of each month.
The total of your Monthly Payments is: $
Itemization of Amount Due at Lease Signing or Delivery
7. Amount Due at Lease Signing or Delivery:
a. Capitalized Cost Reduction $ _______________
b. First Monthly Payment $ _______________
c. Refundable Security Deposit $ _______________
d. T itle Fees $ _______________
e. Registration Fees $ _______________
f. License Fees $ _______________
g. Tax on Capitalized Cost Reduction $ _______________ h. Acquisition Fee $ _______________
i. Document Processing Fee $ _______________
(Not a Government Fee)
j. DMV Electronic Filing Fee $ _______________
(Not a Government Fee)
k. California Tire Fee $ _______________
l. ______________________________ $ _______________
m. ______________________________ $
_______________
n. ______________________________ $ _______________
o. ______________________________ $ _______________
p. Total $
+RZWKH$PRXQW'XHDW/HDVH6LJQLQJRU'HOLYHU\ZLOOEH3DLG
a. Net Trade-In Allowance
Year _____ Make _____________ Model _______________ __
VIN ____________________________
(i) Agreed Upon Value $ __________
(ii) Less: Pay Off $ __________
(iii) Less: Cash to Lessee $ __________
Net Trade In [(i) — (ii) — (iii), no less than 0] $ ________________ b. Rebates and Noncash Credits $ ________________
c. __________________________________ $ ________________ d. __________________________________ $ ________________ e. __________________________________ $ ________________ f. Amount to be Paid in Cash $ ________________
g. Total $
1,056.51
10/04/2022632.76
35 632.76
4th
350.00
350.0022,779.36 23,553.11
N/A
632.76
N/A
N/A
127.00
258.00
N/A
N/A
N/A
30.00 8.75
N/A N/AN/A
N/A
N/A
N/A
N/A
0.00 1,056.51
N/A N/A
N/AN/A
N/A N/A
N/AN/A
N/A N/A
N/A N/A
N/A
N/A N/A
1,056.51 1,056.51
T638982029-DP638982030 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638982029-DP638982030 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:41:13 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
Early Termination. You may have to pay a substantial charge if you end this Lease early. The charge may be up to several thousand dollars. The actual charge will depend on when the Lease is terminated. The earlier you end the Lease, the greater this charge is likely to be.
12. Other Important Terms
Review this Lease for additional information on early termination, purchase options and maintenance responsibilities, warranties, late and
default charges, insurance, and any security interest, if applicable.
10. Excessive Wear and Use
You may be c
harged for excessive wear based on our standards for normal use and for mileage in excess of _______________ miles over the odometer mile
age disclosed on page one, at the rate of $ _______________ per mile.
11. Purchase Option at the End of Lease Term
You have an option to purchase the Vehicle at the end of the Lease Term for $ ______________.
That amount does not include other charges you may be required to pay pursuant to Section 32.
9. Payment Determination
a. Gross Capitalized Cost. The agreed upon value of the Vehicle ($ ______________ ) and any items you pay over the Lease Term (such as service contracts, insurance, and any outstanding prior credit or lease balance). For an itemization of this amount, see Section 13. $ ______________ E &DSLWDOL]HG&RVW5HGXFWLRQ The amount of any net trade-in allowance, rebate, noncash credit, or
cash you pay that reduces the Gross Capitalized Cost. – $ ______________ c. Adjusted Capitalized Cost. The amount used in calculating your Base Monthly Payment. = $ _ ______
______ _
d. Residual Value. The value of the Vehicle at the end of the Lease used in calculating your Base Monthly Payment. – $ ______________
e. Depreciation and any Amortized Amounts. The amount charged for the Vehicle’s decline in value through normal use and for other items paid over the Lease Term. = $ __ _________
___
f. Rent Charge. The amount charged in addition to the Depreciation and any Amortized Amounts. + $ __________ _____ g. Total of Base Monthly Payments. The Depreciation and any Amortized Amounts plus the Rent Charge. = $ ________ ______ h. Lease Payments. The number of payments in your Lease. ÷ ____________ __ i. Base Monthly Payment. = $ _____________ _
j. Monthly Sales/Use Tax. + $ ____________ __
k. ___________________________________________________________________________________ + $ ___________ ___ l. Total Monthly Payment (“Monthly Payment”) = $
<RXU0RQWKO\3D\PHQWLVGHWHUPLQHGDVVKRZQEHORZ
39,716.51
40,619.51
N/A
40,619.51
25,636.00
14,983.51
5,963.04
20,946.55
36 581.85
50.91 N/A N/A
632.76
36000
0.15 25,636.00
T638982029-DP638982030 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638982029-DP638982030 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:41:13 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
5HTXLUHG,QVXUDQFH
You must p
rovide the following insurance during the Lease Term, with the Lessee and/or Co-Lessee as an insured driver. No other types of insurance are required and QR5HTXLUHG,QVXUDQFHLVSURYLGHGE\XVLQWKLV/HDVH:
a) primary automobile liability insurance with minimum limits for bodily injury or death of i) $ _______________ for any one person, and iii) $ _______________ for property damage; and ii) $ _______________ for any one accident, and
b) physical damage insurance for the full value of the Vehicle, with a maximum deductible of $1,000.
See Section 24 for more information.
You have provided us today with the following insurance information:
___________________________________________________________________________________________________________________ Insurance Provider
Policy No.
___________________________________________________________________________________________________________________ Agent’s Name
Agent’s Phone No.
___________________________________________________
___________________________________________________
_____________
Agent’s Address
14. Lease Term and Scheduled Maturity Date
The Lease Term of this Lease is ______ months, and the Scheduled Maturity Date of this Lease is ______________. ,QVXUDQFH&RYHUDJH9HUL¿FDWLRQE\'HDOHU(PSOR\HH
B
13. Itemization of Gross Capitalized Cost
You will pay for the following items over the Lease Term, as part of your Monthly Payment:
a.1. Agreed Upon Value of the Vehicle as equipped at time of signing this Lease $ _____________ a.2.
Agreed Upon Value of each accessory and item of optional equipment the Lessor (Dealer) agrees to add to the Vehicle after signing this Lease:
i. _________________________________________________________________ __________________ + $ _____________ ii. _________________________________________________________________ __________________ + $ _____________ iii. _____________
____________________________________________________ __________________ + $ _____________ iv. _________________________________________________________________ __________________ + $ _____________ a.3. Total Agreed Upon Value of the Vehicle = $ _____________ b. Taxes + $ _____________
c. Initial Title, License, and Registration Fees + $ _____________
d. Outstanding Prior Credit or Lease Balance + $ _____________ e.
Acquisition Fee + $ _____________
f. Document Processing Fee (Not a Government Fee) + $ _____________ g.
DMV Electronic Filing Fee (Not a Government Fee) + $ _____________ h. California
Tire Fee + $
_____________
i. ___________________________________________________________________________________ + $ _____________
j
. ___________________________________________________________________________________ + $ _____________
k. ___________________________________________________________________________________ + $ _____________
l. ___________________________________________________________________________________ + $ _____________
m. ___________________________________________________________________________________ + $ _____________
n. ___________________________________________________________________________________ + $ _____________
o. ___________________________________________________________________________________ + $ _____________
p. ___________________________________________________________________________________ + $ _____________
q. ___________________________________________________________________________________ + $ _____________
r. ___________________________________________________________________________________ + $ _____________
s. Gross Capitalized Cost = $
Gross Capitalized Cost Itemization and Other Items
39,716.51
N/A N/A
N/A N/A
N/A N/A
N/A N/A
39,716.51
N/A
N/A
N/A
650.00
85.00 N/A
N/A
TIFF 168.00
N/AN/A
N/A N/A
N/AN/A
N/A N/A
N/AN/A
N/AN/A
N/AN/A
N/AN/A
N/A N/A
40,619.51
36 10/03/2025
5,000.0015,000.00
30,000.00
UNKNOWN 12345678
UNKNOWN (909) 793-0300
N/A
T638982029-DP638982030 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638982029-DP638982030 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:41:13 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
19. Optional Insurance and Other Products
<RXDUHQRWU
HTXLUHGWREX\DQ\RIWKH2SWLRQDO,QVXUDQFHRU2WKHU3URGXFWVOLVWHGEHORZWRHQWHULQWRWKLV/HDVHDQGWKH\DUHQRWD factor in our credit decision. These insurance and other products will not be provided unless the appropriate box is checked, all information LV¿OOHGLQ\RXVLJQEHORZDQG\RXDUHDFFHSWHGE\WKH3URYLGHU%\\RXUVLJQDWXUHEHORZ\RXDJUHHWKDW\RXKDYHUHFHLYHGDQRWLFHRIWKH terms of the insurance or product, and you want to obtain the insurance or product for the premium or charge shown. A portion of the premium or charge shown may be retained by the Lessor (Dealer).
F Optional Credit
Life Insurance
$ ____________,
Beginning Coverage
___________________________________________________,
Provider
$ ____________,
Premium
F Optional Credit
'LVDELOLW\,QVXUDQFH
$ ________________,
Maximum Monthly Coverage
___________________________________________________,
Provider
$
____________,
Premium
F
Optional Service Contract
_________,
_____,
Miles/Coverage Months
___________________________________________________,
Provider
$ ____________,
Premium or Charge
E
E
Lessee
Co-Lessee
D
D
Lessee
Co-Lessee
Lessee
C
Co-Lessee
C
____________________________________________________________________________________ ____________________________________________________________________________________, Insured(s)
____________________________________________________________________________________ ____________________________________________________________________________________, Insured(s)
(VWLPDWHG2IÀFLDO)HHVDQG7D[HV
7KLVLVDQHVWLPDWHRIWKHWRWDODPRXQW\RXZLOOSD\RYHUWKH/HDVH7HUPIRURI¿FLDODQGOLFHQVHIHHVUHJLVWUDWLRQWLWOHDQGWD[HV LQFOXGLQJ
personal property taxes), whether included in your Total Monthly Payment (Section 9.l), the Amount Due at Lease Signing or Delivery (Section 7) RUELOOHGVHSDUDWHO\7KHDFWXDOWRWDORI2I¿FLDO)HHVDQG7D[HVPD\EHKLJKHURUORZHUWKDQWKLVHVWLPDWHGHSHQGLQJRQWKHWD[UDWHVLQHIIHFWRU the value of the Vehicle at the time a fee or tax is assessed. 7KLVHVWLPDWHLVEDVHGRQ\RXUFXUUHQWDGGUHVVDQGPD\LQFUHDVHLI\RXPRYH RULIWD[UDWHVFKDQJH<RXDUHUHVSRQVLEOHIRUSD\LQJDQ\LQFUHDVHV See Section 27 for additional information.
16. Charges for Late/Returned Payments
If we do not receive a full Monthly Payment within 10 days after it is due, you must pay a late payment charge of 5% of the unpaid amount or $10, whichever is greater.
If any payment (including an electronic funds transfer) you make to us is not honored or returned to us for any reason, in addition to any late charges, you may be charged a fee of $25, as permitted by law.
Estimated Total $
18. Warranty
If the Vehicle is a new or a demo Vehicle, the Vehicle is subject to the standard new warranty from the manufacturer. If the Vehicle is used, it is QRWFRYHUHGE\DZDUUDQW\XQOHVVLGHQWL¿HGEHORZ
F Remainder of standard new vehicle warranty from manufacturer F Used vehicle warranty from manufacturer
81/(66:(0$.($:5,77(1:$55$17<25(17(5,172$6(59,&(&2175$&7:,7+,1 '$<6)5207+('$7(2)7+,6/($6(
AND EXCEPT AS STATED IN THE PARAGRAPH IMMEDIATELY ABOVE, OR AS OTHERWISE PROVIDED BY LAW, YOU ARE LEASING THIS 9(+,&/(´$6,6µ7+(5($5(12:$55$17,(6$6727+(9(+,&/(·6&21',7,210(5&+$17$%,/,7< 68,7$%,/,7< 25),71(66 )25$3$57,&8/$5385326(
3,029.74
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N/A N/A
N/AN/A N/A
N/A
N/A N/A
T638982029-DP638982030 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638982029-DP638982030 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:41:13 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
YOUR OBLIGATIONS DURING THIS LEASE
21. Vehicle Maintenance and Damage
You are responsible for all maintenance, repair,
service, and operating expenses of the Vehicle. You agree to keep the Vehicle in the same condition as when you received it, except for reasonable wear, to maintain the Vehicle so that any warranties or similar agreements remain effective and so that it passes all inspections required by law, to follow the owner’s manual and maintenance schedule, and to provide us with written proof of such maintenance. You agree to make the Vehicle available to us for inspection during the Lease Term at any reasonable time and place that we request. 3URKLELWHG8VHVRIWKH9HKLFOHYou agree that you will not, nor permit others to:
a. use the Vehicle in any illegal manner, in violation of your insurance policy, or without the insurance coverage described in Sections 15 and 24; b. alter or install any equipment on or in the Vehicle without our written consent. Any accessions to the Vehicle become our property; c. subject the Vehicle to any lien, seizure or other involuntary transfer; d. use the Vehicle to transport goods or people for hire; H UHPRYHWKH9HKLFOHIURPWKHVWDWHZKHUHLWZDV¿UVWWLWOHGIRUPRUHWKDQGD\VZLWKRXWRXUZULWWHQFRQVHQW
&RPSOHWH$JUHHPHQWRU0RGLÀFDWLRQ
By your signa
ture, you acknowledge that this Lease contains the entire agreement for the Lease of this Vehicle. There are no other agreements.
Any change to this Lease must be in writing, and signed by you and by us.
J
Lessee
J
Co-Lessee
F 2SWLRQDO*XDUDQWHHG$XWRPRELOH3URWHFWLRQ(See Section 31) ___________________________________________________,
Provider
$ ____________,
Premium or Charge
F
Optional Maintenance Agreement
___________________________________________________
,
Provider
$ ____________,
Premium or Charge
F
F
Lessee
Co-Lessee
Lessee
Co-Lessee
G
G
F Optional Excess Wear and Use Protection Plan
___________________________________________________,
Provider
$ ____________,
Premium or Charge
F Optional Tire and Wheel Protection Plan
___________________________________________________
,
Provider
$ ____________,
Premium or Charge
Total Premiums and Charges $
Lessee
Lessee
H
I
Co-Lessee
Co-Lessee
H
I
N/A N/A
N/A
N/A
N/A N/A
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N/A
N/A
N/A
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N/A
N/A N/A
N/A
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0.00 N/A
T638982029-DP638982030 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638982029-DP638982030 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:41:13 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
f. take the Vehicle outside the continental United States (except to Canada or Mexico for less than 30 days, if you have our consent and have provided us with proof of insurance);
g. use the Vehicle in a way that causes the cancellation or suspension of any warranty or other similar protection agreement; or h. allow anyone else to regularly use the Vehicle without our written consent. $VVLJQLQJVXEOHDVLQJ SOHGJLQJ
RUSHUPLWWLQJDVHFXULW\LQWHUHVWWREHFUHDWHGLQRULQDQ\RWKHUZD\WUDQVIHUULQJE\\RXRIDQ\LQWHUHVWLQ WKH9HKLFOHRUWKLV/HDVHLVVWULFWO\SURKLELWHG
23. Title and Registration. Legal title to the Vehicle will be in our name and the Vehicle will be registered as we direct. You must promptly pay all title, registration, and license fees.
5HTXLUHG,QVXUDQFH7KHOLPLWVUHTXLUHGXQGHUVWDWHODZPD\QRWEHVXI¿FLHQWIRU\RXUQHHGV6HH\RXULQVXUDQFHSURYLGHUIRUPRUHLQIRUPDWLRQYou PD\REWDLQWKHUHTXLUHGFRYHUDJHVWKURXJKDQ\LQVXUDQFHFRPSDQ\DJHQWRUEURNHU\RXFKRRVHZKLFKLVUHDVRQDEO\DFFHSWDEOHWRXV DQGDXWKRUL]HGWRGREXVLQHVVLQWKHVWDWHZKHUHWKH9HKLFOHLVORFDWHG This insurance may be provided through existing policies that you own or control if it otherwise meets all requirements. The insurance policy must be acceptable to us, name Toyota Lease Trust as additional insured and loss payee, and give us at least 10 days written notice before any cancellation or reduction in coverage. You authorize us to endorse your name(s) on any check or draft from your insurance company for any claim. You must provide us with written proof of this insurance, including a copy of the insurance policy, at any time during the term of this Lease at our request. You agree to release to us all insurance or other proceeds you receive for damages or loss to the Vehicle (including any premium refunds on the Required Insurance) up to the amount you owe us. 1RWLFH
/LDELOLW\LQVXUDQFHFRYHUDJHIRUERGLO\LQMXU\DQGSURSHUW\GDPDJHFDXVHGWRRWKHUVLVQRWLQFOXGHGLQWKLV/HDVH 3D\PHQW2EOLJDWLRQVYou may not change or stop your Monthly Payments for any reason, even if the Vehicle is stolen, destroyed, seized by the government, non-operative, experiences any mechanical problem, or does not perform satisfactorily. We may apply each Monthly Payment and each other payment we receive to past due payments, current payment due, late charges, and other amounts due under this Lease in any order we choose, to the extent permitted by law.
26. Change in Address. You must notify us in writing within 30 days of any change in your address or the address where the Vehicle is garaged. )HHV7D[HVDQG)LQHV<RXPXVWSURPSWO\SD\DOORI¿FLDOIHHVDQGWD[HVUHODWHGWRWKH9HKLFOHDQGWKLV/HDVHLQFOXGLQJWLWOHOLFHQVHDQGUHJLVWUDWLRQ fees, and sales, use, excise and personal property taxes. These amounts may change from time to time based on changes to your address and FKDQJHVLQWD[UDWHV<RXPXVWDOVRSURPSWO\SD\DOORWKHUIHHVDVVHVVPHQWVFKDUJHVFRVWVDQG¿QHV FROOHFWLYHO\³¿QHV´
LQFXUUHGRQWKH9HKLFOHVXFK
DVWUDI¿FWLFNHWVLPSRXQGVWRZLQJFKDUJHVVWRUDJHFKDUJHVDQGWROOYLRODWLRQV6RPHELOOVIRURI¿FLDOIHHVDQGWD[HVPD\EHVHQWWR\RXIRUSD\PHQW Other bills may be paid by us on your behalf and we will charge you the amount billed to us. If you fail to pay any such amount when billed by us or by a third party, and we elect to pay it, you will reimburse us for the amount paid plus a $10 administrative fee per incident, to the extent permitted by law. In connection with these bills, you give us permission to provide information regarding you and this Lease to the billing authority. You must pay all IHHVWD[HVDVVHVVPHQWVFKDUJHVFRVWVDQG¿QHVLQFXUUHGRQWKH9HKLFOHGXULQJWKH/HDVH7 HUPHYHQLIWKH\DUHDVVHVVHGDQGELOOHGDIWHUWKLV/HDVH has ended. We may charge you an estimated amount for any remaining items at the time this Lease ends. You are responsible for any shortage in this estimate, and we will refund you any excess.
:HDUHQRWREOLJDWHGWRDSSO\IRUDQ\UHIXQGRUDEDWHPHQWRIRI¿FLDOIHHVDQGWD[HVLQFOXGLQJSHUVRQDOSURSHUW\WD[HV,I\RXPDNHDZULWWHQUHTXHVW WKDWZHDSSO\IRUDUHIXQGRIDQRI¿FLDOIHHRUWD[WKDW\RXSDLGWRXVWRZKLFK\RXDUHHQWLWOHGZHZLOO¿OHDQDSSOLFDWLRQIRUUHIXQG:HZLOOVHQGDQ\ refund we receive, less all amounts due under this Lease, to you. :HPD\SD\DQ\WLWOHUHJLVWUDWLRQOLFHQVHIHHWD[DVVHVVPHQWFKDUJHFRVWRU¿QHZKLFK\RXIDLOWRSD\DQGFKDUJH\RXWKHDPRXQWSDLG<RXDUH UHVSRQVLEOHIRUDQ\¿QHVRUSHQDOWLHVLI\RXIDLOWRSD\WKHELOOZKHQGXH
28. Default and Remedies. To the extent permitted by law, you will be in default if:
a. you fail to make any payment when it is due;
b. you fail to keep any other agreement in this Lease;
c. you provided false or misleading information when applying for this Lease; d. you become the subject of a bankruptcy or insolvency proceeding; H WKH9HKLFOHLVORVWVWROHQVHL]HGFRQ¿VFDWHGOHYLHGXSRQRUGDPDJHGEH\RQGUHDVRQDEOHUHSDLU
f. you die and there is no surviving co-lessee; or
g. you fail to return the Vehicle by the Scheduled Maturity Date and do not obtain our written consent to extend the Lease Term.
If you are in default, we may do any or all of the following, as permitted by law, after giving any legally required notices, and observing any legally required cure or reinstatement periods:
i. terminate this Lease and your right to use the Vehicle; ii. require you to return the Vehicle by allowing us to pick up the Vehicle or making it available to us at any reasonable time and place we specify; iii. take possession of the Vehicle by legal process or by self help in any manner not prohibited by law; iv. require you to pay the amounts set forth in Section 29; v. take any reasonable action to correct your default or to prevent our loss; vi. pursue any other remedy allowed by law; and
vii. require you to pay all of our reasonable expenses for taking these actions and add the amount of our expenses to the amount you owe us under this Lease, including, but not limited to, expenses for repossession, transportation, storage, collection, and legal costs, including reasonable attorneys’ fees paid to an attorney who is not our salaried employee, as allowed by applicable law.
We or our agent may take possession of personal property left in or on the Vehicle, subject to your right to recover such property, if any. We or our agent may store it for you and you will be responsible to pay for this service. If you do not take possession of the personal property, we or our agent may dispose of it as permitted by law.
T638982029-DP638982030 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638982029-DP638982030 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:41:13 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
ENDING YOUR LEASE
(DUO\7HUPLQDWLRQE\8VWe may terminate this Lease at any time if you are in default (see Section 28). If we do, you must return the Vehicle to us, at any reasonable location we specify. In addition, you must pay us, upon demand, the total of the following amounts:
a. the amounts set forth in Section 28(vii); plus
b. all Monthly Payments that have become due and are unpaid at termination; plus c. all other unpaid amounts then due under this Lease, but not including charges for Excessive Wear and Use and excess mileage (Sections 10 and 34); plus
d. an Early Termination Amount equal to, the difference, if any, between:
(i) the Adjusted Capitalized Cost as disclosed in Section 9(c); and (ii) the sum of (a) all depreciation and other amortized amounts accrued through the date of early termination, calculated in accordance with the FRQVWDQW\LHOGPHWKRGDQG
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e. any remaining Refundable Security Deposit (Section 36) or refund we receive from Optional Insurance or Other Products (Section 38).
The “Realized Value” means one of the following: (1) where the Vehicle is a total loss as a result of a theft or damage, and you maintain the Required Insurance, the amount of any applicable insurance deductible owed by you plus the proceeds of the settlement of the insurance claim, unless we agree to a higher amount; (2) the wholesale appraised value, if you elect to have an appraisal, which you may obtain, at your own expense, from a professional independent appraiser agreed to by you and us (the appraisal must be completed at least three days before the scheduled valuation or disposal date of the Vehicle, as provided by a notice that we will provide to you); (3) if we choose to retain ownership of the Vehicle for use or to lease WKH9HKLFOHWRDVXEVHTXHQWOHVVHHWKHZKROHVDOHYDOXHDVVSHFL¿HGLQWKHFXUUHQWHGLWLRQRIDUHFRJQL]HGXVHGYHKLFOHJXLGHVXFKDV.HOOH\%OXH%RRN RUWKH1$'$2I¿FLDO8VHG&DU*XLGH
RU
XQGHUDOORWKHUFLUFXPVWDQFHVWKHSULFHSDLGIRUWKH9HKLFOHDWGLVSRVLWLRQ (DUO\7HUPLQDWLRQE\<RXYou may terminate this Lease at any time prior to the scheduled end of this Lease. If you terminate this Lease early, are not in default, and do not elect to purchase the Vehicle in accordance with Section 32, you must return the Vehicle to us, at any reasonable location we specify, and you must pay us, upon demand:
a. all Monthly Payments that have become due and are unpaid at termination; plus b. all other unpaid amounts then due under this Lease, but not including charges for Excessive Wear and Use and excess mileage (Sections 10 and 34); plus
c. the Early Termination Amount determined pursuant to Section 29(d) above; minus d. any remaining Refundable Security Deposit (Section 36) or refund we receive from Optional Insurance or Other Products (Section 38).
If you terminate this Lease early, are in default (see Section 28), and do not elect to purchase the Vehicle in accordance with Section 32, you must UHWXUQWKH9HKLFOHWRXVDWDQ\UHDVRQDEOHORFDWLRQZHVSHFLI\DQG\RXPXVWSD\XVXSRQGHPDQGWKHDPRXQWVVSHFL¿HGLQ6HFWLRQ DERYH
Other terms apply if you terminate this Lease and purchase the Vehicle or trade in the Vehicle in connection with the purchase or lease of another vehicle.
(IIHFWRI*XDUDQWHHG$XWRPRELOH3URWHFWLRQRQ(DUO\7HUPLQDWLRQ If the Vehicle is subject to damage or theft resulting in a total loss, and you have purchased and received Guaranteed Automobile Protection in connection with this Lease, and you have met the conditions set forth in the Guaranteed Automobile Protection agreement, then your Early Termination obligations set forth in Sections 29 or 30, as applicable, will not include the charges set forth in Section 29(d), the disposition fee shown in Section 5, and the charges for Excessive Wear and Use and excess mileage (Sections 10 and 34).
32. Your Option to Purchase the Vehicle. You may purchase the Vehicle at any time during this Lease or at the Scheduled Maturity Date (unless a governmental agency has seized the Vehicle and instructed us not to release the Vehicle to you). The price to purchase the Vehicle at the Scheduled Maturity Date is the Purchase Option Price shown in Section 11, plus, the amount described in subsections 32(a), 32(b) and 32(c), below. The price to purchase the Vehicle during the Lease Term is the total of:
a. all unpaid Monthly Payments that have become due, and other amounts due and unpaid under this Lease, except the disposition fee shown in Section 5 and charges for Excessive Wear and Use and excess mileage (Sections 10 and 34); plus, E DOORI¿FLDOIHHVDQGWD[HVDQGGRFXPHQWDU\IHHVFKDUJHGLQFRQQHFWLRQZLWKWKHSXUFKDVH SOXV
c. all amounts necessary to meet any legal selling requirements; plus, d. the difference, if any, between the Adjusted Capitalized Cost as disclosed in Section 9(c) and all depreciation and other amortized amounts accrued through the date of early termination, calculated in accordance with the constant yield method. $V SDUW RI D OLNHNLQG H[FKDQJH SURJUDP 70&& KDV HQJDJHG 74, ([FKDQJH //& ³74,´
DV D TXDOL¿HG LQWHUPHGLDU\ /HVVRU DQG /HVVHH DUH KHUHE\QRWL¿HGWKDW70&&KDVDVVLJQHGWR74,LWVULJKWV EXWQRWLWVREOLJDWLRQV
LQDQ\DJUHHPHQWIRUWKHVDOHRIWKH9HKLFOHDW/HDVHWHUPLQDWLRQ 2EOLJDWLRQVLI<RX'R1RW3XUFKDVHWKH9HKLFOHDWWKH6FKHGXOHG0DWXULW\'DWHAt the Scheduled Maturity Date, you must return the Vehicle to us at any reasonable location we specify, and pay us, upon demand, the following amounts:
a. all Monthly Payments and other amounts due under this Lease, including the disposition fee shown in Section 5; plus E DOORI¿FLDOIHHVDQGWD[HVFKDUJHGLQFRQQHFWLRQZLWKWKLV/HDVHWHUPLQDWLRQ SOXV
c. all Excessive Wear and Use charges described in Section 34; plus d. all excess mileage charges disclosed in Section 10. You will not receive a refund if you do not use all of the mileage set forth in Section 10.
If you keep possession of the Vehicle past the Scheduled Maturity Date, you agree to continue to pay the Monthly Payments. However, continued payment does not cure any default, including a default under Section 28(g), and does not permit you to keep the Vehicle unless you obtain our advance written consent to extend the Lease Term. You agree to pay us any damages we suffer because you failed to return the Vehicle at the end of this Lease.
T638982029-DP638982030 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638982029-DP638982030 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:41:13 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
34. Excessive Wear and Use Charges. If you do not purchase the Vehicle at any time during this Lease or at the Scheduled Maturity Date, or if you elect to terminate this Lease pursuant to the terms of this Lease and except to the extent paid by the Excess Wear and Use Protection Plan; if you purchased and received that Plan, you are responsible for the estimated cost to repair damage (including diagnostic cost, if any) to the Vehicle which is excessive wear and use (even if we do not repair the Vehicle).
Excessive wear and use may include but is not limited to certain damage such as:
a. inoperative mechanical and electrical parts;
b. damage (including but not limited to, damage to the engine) due to your failure to maintain the Vehicle pursuant to the terms of this Lease; c. damage to the body, lights, trim or paint;
d. damaged, broken or missing glass;
e. torn, damaged or stained interior;
I GDPDJHIURPÀRRGZDWHUKDLORUVDQG
g. damage from removal of equipment or signs placed on the Vehicle; h. missing equipment, parts and accessories, including missing keys or remote entry devices; or i. any wear or damage to any part of the tire that doesn’t allow the tire to meet the manufacturer’s guidelines for safe operation, or any mismatched tire sizes in a set of 5 (or 4 with any emergency spare if the Vehicle was equipped with one). $'',7,21$/,1)250$7,21
35. Communication Consent. <RXDJUHHWKDWZH70&&DQGDQ\DI¿OLDWHVDJHQWVDQGVHUYLFHSURYLGHUVRUDQ\DVVLJQHHVRIWKHIRUHJRLQJ LQGLYLGXDOO\
DQGFROOHFWLYHO\DVDSSOLFDEOHLQWKLV&RPPXQLFDWLRQV&RQVHQWVHFWLRQ³ZH´³RXU´RU³XV´ PD\FDOO\RXOHDYH\RXDYRLFHSUHUHFRUGHGRUDUWL¿FLDO voice message or send you a text, email or other electronic message for any purpose related to your Accounts with us, our products and services, or surveys or research (each a “Communication”). We may include your personal information in a Communication and conduct a Communication using an automated dialing system and any contact information we have for you, including a cell phone number. We will not charge you for a Communication but your service provider may do so. You understand and agree, we may always communicate with you in any manner permissible by law that does not require your consent.
5HIXQGDEOH6HFXULW\'HSRVLWYour security deposit may be used by us to pay amounts that you owe under this Lease. If you elect to purchase your Vehicle, your security deposit may be applied by us to the amount you owe to purchase your Vehicle. Any unused security deposit will be returned to \RXDWWKHHQGRIWKH/HDVH7HUP1RLQWHUHVWLQFUHDVHRUSUR¿WVZLOOEHSDLGWR\RXRQWKHVHFXULW\GHSRVLWXQOHVVUHTXLUHGE\ODZ
37. Assignment. We can assign our interest in this Lease and in the Vehicle without your consent. After you sign this Lease, we will assign it to TLT and you agree to make all payments to TMCC as servicer for TLT.
38. Refund of Optional Insurance or Other Products. If any optional insurance or product included in the Gross Capitalized Cost is cancelled before the end of the Lease Term, or if you are not accepted by the Provider for a requested optional insurance or product, we will credit any refunds to your account.
39. Indemnity. You agree to indemnify us from, and to pay on our behalf, any claim or loss (including damages, costs, expenses and legal fees) which arises from or is related to the possession, condition, use, maintenance or operation of the Vehicle. Any insurance we provide is secondary to the Required Insurance.
40. Credit Information.
You authorize us, at any time, to investigate any information provided on your credit application in order to establish, maintain and collect on this Lease account, including to order one or more credit reports in connection with establishing, maintaining or collecting this Lease account.
You authorize us to provide information concerning your account to credit reporting agencies and others who may lawfully receive such information.
You may notify us if you believe that we have reported any inaccurate information about your Lease account to a consumer reporting agency. Send \RXUZULWWHQQRWLFHGHVFULELQJWKHVSHFL¿FLQDFFXUDFLHVWRXVDWWKHIROORZLQJDGGUHVV 3 2%R[
&HGDU5DSLGV,$
/LDELOLW\Lessee and Co-Lessee are jointly and severally liable. If there is both a Lessee and Co-Lessee signing this Lease, we can release, waive, or delay the enforcement of our rights against one of you, without affecting our rights as to the other one(s).
42. Notices. All Lessee and Co-Lessee correspondence and notices will be sent to the Lessee’s Billing Address shown on this Lease, unless you give us a different address. If the Co-Lessee provides a separate address, delinquency notices will be provided to such address in addition to the Billing Address.
All correspondence and notices will be given solely in TMCC’s name as the servicer, and will be given on behalf of TLT. &KRLFHRI/DZDQG6HYHUDELOLW\You agree that the law of the state in which this Lease is signed applies to this Lease unless prohibited by law. If certain provisions of this Lease violate the law, those provisions will be void, and the rest of this Lease will be enforceable. 1R:DLYHUE\8VIf we delay or refrain from exercising our rights or remedies under this Lease, we do not lose those rights or remedies. If we accept late or partial payments from you, we do not waive our right to receive full and timely payments. We may accept payments with “Payment in Full,” similar language or other restrictive endorsements without being bound by such language or waiving our rights or remedies.
45. Odometer Disclosure Statement. Federal law requires that you disclose the Vehicle’s odometer reading to us upon termination of this Lease or transfer of ownership. Failure to complete an Odometer Disclosure Statement, failure to return it to us, or making a false statement therein, may result LQ¿QHVDQGRULPSULVRQPHQW<RXZLOOEHSURYLGHGDQ2GRPHWHU'LVFORVXUH6WDWHPHQWWRFRPSOHWHSULRUWRWKHWHUPLQDWLRQRIWKLV/HDVH
46. Nonapproval of Credit Application. You have the right to return the vehicle and receive a refund of any payments made if the credit DSSOLFDWLRQLVQRWDSSURYHGXQOHVVQRQDSSURYDOUHVXOWVIURPDQLQFRPSOHWHDSSOLFDWLRQRUIURPLQFRUUHFWLQIRUPDWLRQSURYLGHGE\\RX T638982029-DP638982030 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638982029-DP638982030 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:41:13 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
47. True Lease; Security Interest. <RXDQGZHLQWHQGWKDWWKLV/HDVHIRUDOOSXUSRVHVFRQVWLWXWH V D³WUXHOHDVH´RIWKH9HKLFOHDQGQRWD³¿QDQFHG lease” or a secured transaction under the laws of any state. However, if for some reason a court or arbitrator determines that this Lease constitutes D³¿QDQFHGOHDVH´RUDVHFXUHGWUDQVDFWLRQ\RXJUDQWXVDVHFXULW\LQWHUHVWDWWKDWWLPHWRWKHH[WHQWSHUPLWWHGE\ODZLQWKH9HKLFOHLQFOXGLQJDQ\ SURSHUW\QRZRUODWHULQVWDOOHGLQRUDI¿[HGWRWKH9HKLFOHLQDOOSURFHHGVGHULYHGIURPWKH9HKLFOHLQ\RXUVHFXULW\GHSRVLWLQWKHSURFHHGVRIDQ\ insurance relating to persons or property and the proceeds of all Guaranteed Automobile Protection and other optional products, including return of unearned premiums and unearned charges.
48. Electronic Records and Signatures and Conversion to Paper. You agree to use electronic records and electronic signatures to document this contract. Your electronic signatures will have the same effect as signatures on a paper contract.
There will be one authoritative copy of this contract. It will be the electronic copy in a document management system we designate for storing it. We may convert the authoritative copy to a paper original. We will do so by printing one paper copy marked “Original.” This paper original will have your electronic signature on it. It will have the same effect as if you had signed it originally on paper.
ARBITRATION
$UELWUDWLRQ3URYLVLRQYou agree that any claims arising from or relating to this Lease or related agreements or relationships, including the validity, enforceability, arbitrability or scope of this Provision, at your or our election, are subject to arbitration. This includes, without limitation, claims in contract, tort, pursuant to statute, regulation, ordinance or in equity or otherwise, and claims asserted by us against you and by you against us, and the following Covered Parties: Toyota Lease Trust, Toyota Motor Credit Corporation, Lexus Financial Services, Toyota Motor Insurance Services, Inc., and/or any RIRXURULWVDI¿OLDWHVDQGRUDQ\RIRXURUWKHLUHPSOR\HHVRI¿FHUVVXFFHVVRUVDVVLJQVRUDJDLQVWDQ\WKLUGSDUW\SURYLGLQJDQ\SURGXFWRUVHUYLFHLQ FRQQHFWLRQZLWKWKLV/HDVH$Q\DUELWUDWLRQVKDOOEHDGPLQLVWHUHGE\HLWKHU-$06 LWVUXOHVPD\EHREWDLQHGDWDQ\RILWVPDQ\RI¿FHVQDWLRQZLGHRU online at www.jamsadr.com), or any arbitration provider that either party may choose subject to the other’s approval, which may not be unreasonably withheld. The applicable rules of the selected arbitration provider shall govern, except that in the event of any inconsistency between those rules and this Provision, this Provision shall prevail. Such claims shall be resolved in accordance with (i) the Federal Arbitration Act (the “FAA”); (ii) the selected DUELWUDWLRQSURYLGHU¶VUXOHVDQGSURFHGXUHVLQHIIHFWDWWKHWLPHWKHFODLPLV¿OHG DQG
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WKLV3URYLVLRQ$Q\DUELWUDWLRQKHDULQJDWZKLFK\RXDSSHDUVKDOO be conducted at a location that is reasonably convenient to where you live. The Arbitrator shall apply applicable substantive law consistent with the FAA (and not any state law concerning arbitration) and shall award such remedies, if any, that would be available in court if arbitration had not been elected.
If you cannot afford to pay and cannot obtain a waiver of the fees charged by the Arbitrator or if you believe that such fees are or will be prohibitively expensive or excessive, we and the Covered Parties will entertain in good faith any reasonable written request by you for us and the Covered Parties to pay or reimburse you for all or part of such fees. In addition, we will pay the selected arbitration provider’s fees for all claims under $15,000. For claims above that amount, the selected arbitration provider’s fee shall be covered equally by the parties. In the event we prevail, we agree not to seek recovery of our attorneys’ fees from you. If you prevail and the Arbitrator awards you an amount higher than our last written settlement offer before the Arbitrator was selected, we will pay you double your attorney’s fees and the maximum claim that may be brought in small claims court in the county of your billing address. :HWKH&RYHUHG3DUWLHVDQG\RXDUHSURKLELWHGIURPSDUWLFLSDWLQJLQDQ\W\SHRIUHSUHVHQWDWLYHDFWLRQLQFOXGLQJDFODVV DFWLRQRUSULYDWHDWWRUQH\JHQHUDODFWLRQ:HWKH&RYHUHG3DUWLHVDQG\RXDUHDOVRSURKLELWHGIURPVHHNLQJDQ\UHOLHIRQDUHSUHVHQWDWLYH RUFODVVEDVLVYou will not be subject to this Provision for any individual claim brought by you in small claims court or your state’s equivalent court, unless such claim is transferred, removed or appealed to a different court. IF ANY PARTY ELECTS ARBITRATION WITH RESPECT TO A CLAIM, NEITHER YOU NOR WE NOR ANY COVERED PARTY WILL HAVE THE RIGHT TO LITIGATE THAT CLAIM IN COURT; TO HAVE A JURY TRIAL ON THAT CLAIM; OR TO PARTICIPATE AS A REPRESENTATIVE OR MEMBER OF ANY CLASS OF CLAIMANTS PERTAINING TO SUCH CLAIM.
THE ARBITRATOR’S DECISION WILL BE FINAL AND BINDING EXCEPT AS MAY BE PROVIDED IN THE FAA. This Provision will survive your full payment of this Lease; our sale or transfer of this Lease; any repossession of the Vehicle; and your (or our) bankruptcy.
By checking the “opt-in” box and signing below, you agree that at the request of either you or us any controversy or claim between you and us shall EHGHWHUPLQHGE\QHXWUDOELQGLQJDUELWUDWLRQXQGHUWKH)HGHUDO$UELWUDWLRQ$FW GH¿QLWLRQVWHUPVDQGFRQGLWLRQVGHVFULEHGLQWKH$UELWUDWLRQ3URYLVLRQ
,)<28'2127:,6+72%(%281'%<7+($5%,75$7,213529,6,21&+(&.7+(³237287´%2;$1'6,*1%(/2:%\FKHFNLQJDER[ and signing below, you agree that you have read and received a copy of the Arbitration Provision.
F OPT IN: You agree to be bound by the Arbitration Provision.
F OPT OUT: You do not wish to be bound by the Arbitration Provision.
Lessee Co-Lessee
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T638982029-DP638982030 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638982029-DP638982030 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:41:13 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
LEASE SIGNATURES AND NOTICES
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Lease; (3) This is a lease; you have no ownership interest in the Vehicle unless and until you exercise your option to purchase set forth in this Lease.
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Notice Regarding Assignment.$VSDUWRIDOLNHNLQGH[FKDQJHSURJUDP70&&KDVHQJDJHG74,([FKDQJH//& ³74,´
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Acceptance and Assignment: The Lessor hereby accepts this Lease and assigns to the Toyota Lease Trust all rights, title and interest in this Lease and in the Vehicle, and Lessor’s rights under any guaranty executed in connection with this Lease, with full powers to Toyota Lease Trust to collect and discharge all obligations related to this Lease, any guaranty, and this assignment.
Lessee
L
Name:
Co-Lessee
L
Name:
Lessor
M
Name:
&$/,)251,$&5(',7',6$%,/,7<,1685$1&(&/$,0352&('85(127,&( If you have applied for and received Optional Credit Disability Insurance (Section 19), and become disabled, tell us right away. We will tell you where to get claim forms. Send in the completed form to the Insurance Provider as soon as possible and tell us as soon as you do.
If your disability insurance covers all of your missed payment, WE CANNOT TRY TO COLLECT WHAT YOU OWE OR REPOSSESS THE 9(+,&/(817,/7+5((&$/(1'$50217+6$)7(5\RXU¿UVWPLVVHGSD\PHQWLVGXHRUXQWLOWKHLQVXUDQFHFRPSDQ\SD\VRUUHMHFWV \RXUFODLPZKLFKHYHUFRPHV¿UVW:HFDQKRZHYHUWU\WRFROOHFWRUUHSRVVHVVWKHYHKLFOHLI\RXKDYHPRQH\GXHDQGRZLQJXVRUDUH otherwise in default when your disability claim is made or if a senior lien holder is foreclosing.
If the insurance company pays the claim within three calendar months, we must accept the money as though you paid on time. If the insurance company rejects the claim within the three calendar months or accepts the claim within the three calendar months as a partial disability and pays less than for a total disability, you will have 35 days from the date that the rejection or the acceptance of the partial disability claim is sent to pay past due payments, or the difference between the past due payments and what the insurance company pays for the partial disability, plus late charges. You can contact us, and we will tell you how much you owe. After that time, we can take action to collect or foreclose or repossess any collateral you may have given.
If the insurance company accepts your claim but requires that you send in additional forms to remain eligible for continued payments, you should send in these additional forms no later than required. If you do not send in these forms on time, the insurance company may stop paying, and we will be able to take action to collect or foreclose or repossess any collateral you may have given.
N/A
CITY OF REDLANDS N/A
TOYOTA OF REDLANDS
T638982029-DP638982030 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638982029-DP638982030 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:41:13 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
2. Description of Leased Vehicle
You are leasing from us, and have received in satisfactory condition, the following Vehicle:
Lease Date: _______________
This is a Lease for the Vehicle described below. The words “you”, “your” and “yours” refer to the Lessee and any Co-Lessee. The words “we”, “us” and “our” refer to the Lessor, and after assignment, to the Toyota Lease Trust (“TLT”) and any subsequent assignee. Toyota Motor Credit Corporation (“TMCC”) will be servicing this Lease on behalf of TLT. By signing this Lease, you agree to lease the Vehicle described below from us under the terms of this Lease, to pay all amounts due and to perform all of your obligations under this Lease.
1. Parties
LESSOR (DEALER) NAME AND ADDRESS
LESSEE AND CO-LESSEE NAME AND LESSEE’S BILLING ADDRESS
VEHICLE GARAGING ADDRESS
Primary Use Odometer Mileage
Leased Vehicle
9HKLFOH,GHQWLÀFDWLRQ1XPEHUNew or Used
“THERE IS NO COOLING OFF PERIOD”
California law does not provide for a “cooling off” or other cancellation period for vehicle leases. Therefore, you cannot later cancel WKLV/HDVHVLPSO\EHFDXVH\RXFKDQJH\RXUPLQGGHFLGHGWKHYHKLFOHFRVWVWRRPXFKRUZLVK\RXKDGDFTXLUHGDGLIIHUHQWYHKLFOH You may cancel this Lease only with the agreement of the Lessor or for legal cause such as fraud. *$3/,$%,/,7<127,&(
,QWKHHYHQWRIWKHIWRUGDPDJHWRWKH9HKLFOHWKDWUHVXOWVLQDWRWDOORVVWKHUHPD\EHD*$3EHWZHHQWKHDPRXQWGXH XSRQHDUO\WHUPLQDWLRQDQGWKHSURFHHGVRI\RXULQVXUDQFHVHWWOHPHQWDQGGHGXFWLEOH7+,6/($6(3529,'(67+$7<28$5(/,$%/()25 7+(*$3$028172SWLRQDOFRYHUDJHIRUWKH*$3DPRXQWPD\EHRIIHUHGIRUDQDGGLWLRQDOSULFH The box below memorializes trade-in, turn-in and other individualized agreements between you and the Lessor (Dealer). Obligations of the Lessor set IRUWKLQWKLVER[VKDOOEHWKHVROHUHVSRQVLELOLW\RIWKH/HVVRU 'HDOHU
,IWKLVER[FRQÀLFWVZLWKDQ\RWKHUVHFWLRQRIWKLV/HDVHWKHRWKHUVHFWLRQRIWKLV Lease shall control.
Lessee
A
Co-Lessee
A
Stock No:2300117
Deal ID:46054
10/04/2022
CITY OF REDLANDS
PO BOX 3005
REDLANDS, County of SAN BERNARDINO, CA 92373
TOYOTA OF REDLANDS
921 NEW YORK STREET
REDLANDS, CA 92374
N/A2023 Toyota Tacoma 2WD SR Access Cab 6' Bed I4 AT
BusinessNew 3TYRX5GN7PT067904 1
N/A
N/A
T638978826-DP638978827 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638978826-DP638978827 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:36:43 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
)('(5$/&21680(5/($6,1*$&76(*5(*$7('',6&/2685(6
6. Total of
Payments
(The amount
you will have
paid by the end
of the Lease)
$
3. Amount Due at
Lease Signing
or Delivery
(Itemized in
Section 7 below)
$
5. Other Charges
(not part of your
Monthly Payment)
Disposition fee (if you
do not purchase the
Vehicle) $ __________
Total $
4. Monthly Payments
<RXU¿UVW0RQWKO\3D\PHQWRI _________ is due on ____________, followed by _________ payments of $ ______________ due on
the _________ of each month.
The total of your Monthly Payments is: $
Itemization of Amount Due at Lease Signing or Delivery
7. Amount Due at Lease Signing or Delivery:
a. Capitalized Cost Reduction $ _______________
b. First Monthly Payment $ _______________
c. Refundable Security Deposit $ _______________
d. T itle Fees $ _______________
e. Registration Fees $ _______________
f. License Fees $ _______________
g. Tax on Capitalized Cost Reduction $ _______________ h. Acquisition Fee $ _______________
i. Document Processing Fee $ _______________
(Not a Government Fee)
j. DMV Electronic Filing Fee $ _______________
(Not a Government Fee)
k. California Tire Fee $ _______________
l. ______________________________ $ _______________
m. ______________________________ $
_______________
n. ______________________________ $ _______________
o. ______________________________ $ _______________
p. Total $
+RZWKH$PRXQW'XHDW/HDVH6LJQLQJRU'HOLYHU\ZLOOEH3DLG
a. Net Trade-In Allowance
Year _____ Make _____________ Model _______________ __
VIN ____________________________
(i) Agreed Upon Value $ __________
(ii) Less: Pay Off $ __________
(iii) Less: Cash to Lessee $ __________
Net Trade In [(i) — (ii) — (iii), no less than 0] $ ________________ b. Rebates and Noncash Credits $ ________________
c. __________________________________ $ ________________ d. __________________________________ $ ________________ e. __________________________________ $ ________________ f. Amount to be Paid in Cash $ ________________
g. Total $
824.01
10/04/2022474.26
35 474.26
4th
350.00
350.0017,073.36 17,773.11
N/A
474.26
N/A
N/A
127.00
184.00
N/A
N/A
N/A
30.00 8.75
N/A N/AN/A
N/A
N/A
N/A
N/A
0.00 824.01
N/A N/A
N/AN/A
N/A N/A
N/AN/A
N/A N/A
N/A N/A
N/A
N/A N/A
824.01 824.01
T638978826-DP638978827 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638978826-DP638978827 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:36:43 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
Early Termination. You may have to pay a substantial charge if you end this Lease early. The charge may be up to several thousand dollars. The actual charge will depend on when the Lease is terminated. The earlier you end the Lease, the greater this charge is likely to be.
12. Other Important Terms
Review this Lease for additional information on early termination, purchase options and maintenance responsibilities, warranties, late and
default charges, insurance, and any security interest, if applicable.
10. Excessive Wear and Use
You may be c
harged for excessive wear based on our standards for normal use and for mileage in excess of _______________ miles over the odometer mile
age disclosed on page one, at the rate of $ _______________ per mile.
11. Purchase Option at the End of Lease Term
You have an option to purchase the Vehicle at the end of the Lease Term for $ ______________.
That amount does not include other charges you may be required to pay pursuant to Section 32.
9. Payment Determination
a. Gross Capitalized Cost. The agreed upon value of the Vehicle ($ ______________ ) and any items you pay over the Lease Term (such as service contracts, insurance, and any outstanding prior credit or lease balance). For an itemization of this amount, see Section 13. $ ______________ E &DSLWDOL]HG&RVW5HGXFWLRQ The amount of any net trade-in allowance, rebate, noncash credit, or
cash you pay that reduces the Gross Capitalized Cost. – $ ______________ c. Adjusted Capitalized Cost. The amount used in calculating your Base Monthly Payment. = $ _ ______
______ _
d. Residual Value. The value of the Vehicle at the end of the Lease used in calculating your Base Monthly Payment. – $ ______________
e. Depreciation and any Amortized Amounts. The amount charged for the Vehicle’s decline in value through normal use and for other items paid over the Lease Term. = $ __ _________
___
f. Rent Charge. The amount charged in addition to the Depreciation and any Amortized Amounts. + $ __________ _____ g. Total of Base Monthly Payments. The Depreciation and any Amortized Amounts plus the Rent Charge. = $ ________ ______ h. Lease Payments. The number of payments in your Lease. ÷ ____________ __ i. Base Monthly Payment. = $ _____________ _
j. Monthly Sales/Use Tax. + $ ____________ __
k. ___________________________________________________________________________________ + $ ___________ ___ l. Total Monthly Payment (“Monthly Payment”) = $
<RXU0RQWKO\3D\PHQWLVGHWHUPLQHGDVVKRZQEHORZ
28,316.01
29,187.01
N/A
29,187.01
18,558.00
10,629.01
5,070.60
15,699.61
36 436.10
38.16 N/A N/A
474.26
36000
0.15 18,558.00
T638978826-DP638978827 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638978826-DP638978827 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:36:43 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
5HTXLUHG,QVXUDQFH
You must p
rovide the following insurance during the Lease Term, with the Lessee and/or Co-Lessee as an insured driver. No other types of insurance are required and QR5HTXLUHG,QVXUDQFHLVSURYLGHGE\XVLQWKLV/HDVH:
a) primary automobile liability insurance with minimum limits for bodily injury or death of i) $ _______________ for any one person, and iii) $ _______________ for property damage; and ii) $ _______________ for any one accident, and
b) physical damage insurance for the full value of the Vehicle, with a maximum deductible of $1,000.
See Section 24 for more information.
You have provided us today with the following insurance information:
___________________________________________________________________________________________________________________ Insurance Provider
Policy No.
___________________________________________________________________________________________________________________ Agent’s Name
Agent’s Phone No.
___________________________________________________
___________________________________________________
_____________
Agent’s Address
14. Lease Term and Scheduled Maturity Date
The Lease Term of this Lease is ______ months, and the Scheduled Maturity Date of this Lease is ______________. ,QVXUDQFH&RYHUDJH9HUL¿FDWLRQE\'HDOHU(PSOR\HH
B
13. Itemization of Gross Capitalized Cost
You will pay for the following items over the Lease Term, as part of your Monthly Payment:
a.1. Agreed Upon Value of the Vehicle as equipped at time of signing this Lease $ _____________ a.2.
Agreed Upon Value of each accessory and item of optional equipment the Lessor (Dealer) agrees to add to the Vehicle after signing this Lease:
i. _________________________________________________________________ __________________ + $ _____________ ii. _________________________________________________________________ __________________ + $ _____________ iii. _____________
____________________________________________________ __________________ + $ _____________ iv. _________________________________________________________________ __________________ + $ _____________ a.3. Total Agreed Upon Value of the Vehicle = $ _____________ b. Taxes + $ _____________
c. Initial Title, License, and Registration Fees + $ _____________
d. Outstanding Prior Credit or Lease Balance + $ _____________ e.
Acquisition Fee + $ _____________
f. Document Processing Fee (Not a Government Fee) + $ _____________ g.
DMV Electronic Filing Fee (Not a Government Fee) + $ _____________ h. California
Tire Fee + $
_____________
i. ___________________________________________________________________________________ + $ _____________
j
. ___________________________________________________________________________________ + $ _____________
k. ___________________________________________________________________________________ + $ _____________
l. ___________________________________________________________________________________ + $ _____________
m. ___________________________________________________________________________________ + $ _____________
n. ___________________________________________________________________________________ + $ _____________
o. ___________________________________________________________________________________ + $ _____________
p. ___________________________________________________________________________________ + $ _____________
q. ___________________________________________________________________________________ + $ _____________
r. ___________________________________________________________________________________ + $ _____________
s. Gross Capitalized Cost = $
Gross Capitalized Cost Itemization and Other Items
28,316.01
N/A N/A
N/A N/A
N/A N/A
N/A N/A
28,316.01
N/A
N/A
N/A
650.00
85.00 N/A
N/A
TIFF& WEIGHT FEE 136.00
N/AN/A
N/A N/A
N/AN/A
N/A N/A
N/AN/A
N/AN/A
N/AN/A
N/AN/A
N/A N/A
29,187.01
36 10/03/2025
5,000.0015,000.00
30,000.00
UNKOWN 12345678
CITY REDLANDS (909) 793-0300
N/A
T638978826-DP638978827 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638978826-DP638978827 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:36:43 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
19. Optional Insurance and Other Products
<RXDUHQRWU
HTXLUHGWREX\DQ\RIWKH2SWLRQDO,QVXUDQFHRU2WKHU3URGXFWVOLVWHGEHORZWRHQWHULQWRWKLV/HDVHDQGWKH\DUHQRWD factor in our credit decision. These insurance and other products will not be provided unless the appropriate box is checked, all information LV¿OOHGLQ\RXVLJQEHORZDQG\RXDUHDFFHSWHGE\WKH3URYLGHU%\\RXUVLJQDWXUHEHORZ\RXDJUHHWKDW\RXKDYHUHFHLYHGDQRWLFHRIWKH terms of the insurance or product, and you want to obtain the insurance or product for the premium or charge shown. A portion of the premium or charge shown may be retained by the Lessor (Dealer).
F Optional Credit
Life Insurance
$ ____________,
Beginning Coverage
___________________________________________________,
Provider
$ ____________,
Premium
F Optional Credit
'LVDELOLW\,QVXUDQFH
$ ________________,
Maximum Monthly Coverage
___________________________________________________,
Provider
$
____________,
Premium
F
Optional Service Contract
_________,
_____,
Miles/Coverage Months
___________________________________________________,
Provider
$ ____________,
Premium or Charge
E
E
Lessee
Co-Lessee
D
D
Lessee
Co-Lessee
Lessee
C
Co-Lessee
C
____________________________________________________________________________________ ____________________________________________________________________________________, Insured(s)
____________________________________________________________________________________ ____________________________________________________________________________________, Insured(s)
(VWLPDWHG2IÀFLDO)HHVDQG7D[HV
7KLVLVDQHVWLPDWHRIWKHWRWDODPRXQW\RXZLOOSD\RYHUWKH/HDVH7HUPIRURI¿FLDODQGOLFHQVHIHHVUHJLVWUDWLRQWLWOHDQGWD[HV LQFOXGLQJ
personal property taxes), whether included in your Total Monthly Payment (Section 9.l), the Amount Due at Lease Signing or Delivery (Section 7) RUELOOHGVHSDUDWHO\7KHDFWXDOWRWDORI2I¿FLDO)HHVDQG7D[HVPD\EHKLJKHURUORZHUWKDQWKLVHVWLPDWHGHSHQGLQJRQWKHWD[UDWHVLQHIIHFWRU the value of the Vehicle at the time a fee or tax is assessed. 7KLVHVWLPDWHLVEDVHGRQ\RXUFXUUHQWDGGUHVVDQGPD\LQFUHDVHLI\RXPRYH RULIWD[UDWHVFKDQJH<RXDUHUHVSRQVLEOHIRUSD\LQJDQ\LQFUHDVHV See Section 27 for additional information.
16. Charges for Late/Returned Payments
If we do not receive a full Monthly Payment within 10 days after it is due, you must pay a late payment charge of 5% of the unpaid amount or $10, whichever is greater.
If any payment (including an electronic funds transfer) you make to us is not honored or returned to us for any reason, in addition to any late charges, you may be charged a fee of $25, as permitted by law.
Estimated Total $
18. Warranty
If the Vehicle is a new or a demo Vehicle, the Vehicle is subject to the standard new warranty from the manufacturer. If the Vehicle is used, it is QRWFRYHUHGE\DZDUUDQW\XQOHVVLGHQWL¿HGEHORZ
F Remainder of standard new vehicle warranty from manufacturer F Used vehicle warranty from manufacturer
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AND EXCEPT AS STATED IN THE PARAGRAPH IMMEDIATELY ABOVE, OR AS OTHERWISE PROVIDED BY LAW, YOU ARE LEASING THIS 9(+,&/(´$6,6µ7+(5($5(12:$55$17,(6$6727+(9(+,&/(·6&21',7,210(5&+$17$%,/,7< 68,7$%,/,7< 25),71(66 )25$3$57,&8/$5385326(
2,285.13
N/A
N/A
N/A N/A
N/A
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N/A
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N/A N/A
N/AN/A N/A
N/A
N/A N/A
T638978826-DP638978827 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638978826-DP638978827 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:36:43 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
YOUR OBLIGATIONS DURING THIS LEASE
21. Vehicle Maintenance and Damage
You are responsible for all maintenance, repair,
service, and operating expenses of the Vehicle. You agree to keep the Vehicle in the same condition as when you received it, except for reasonable wear, to maintain the Vehicle so that any warranties or similar agreements remain effective and so that it passes all inspections required by law, to follow the owner’s manual and maintenance schedule, and to provide us with written proof of such maintenance. You agree to make the Vehicle available to us for inspection during the Lease Term at any reasonable time and place that we request. 3URKLELWHG8VHVRIWKH9HKLFOHYou agree that you will not, nor permit others to:
a. use the Vehicle in any illegal manner, in violation of your insurance policy, or without the insurance coverage described in Sections 15 and 24; b. alter or install any equipment on or in the Vehicle without our written consent. Any accessions to the Vehicle become our property; c. subject the Vehicle to any lien, seizure or other involuntary transfer; d. use the Vehicle to transport goods or people for hire; H UHPRYHWKH9HKLFOHIURPWKHVWDWHZKHUHLWZDV¿UVWWLWOHGIRUPRUHWKDQGD\VZLWKRXWRXUZULWWHQFRQVHQW
&RPSOHWH$JUHHPHQWRU0RGLÀFDWLRQ
By your signa
ture, you acknowledge that this Lease contains the entire agreement for the Lease of this Vehicle. There are no other agreements.
Any change to this Lease must be in writing, and signed by you and by us.
J
Lessee
J
Co-Lessee
F 2SWLRQDO*XDUDQWHHG$XWRPRELOH3URWHFWLRQ(See Section 31) ___________________________________________________,
Provider
$ ____________,
Premium or Charge
F
Optional Maintenance Agreement
___________________________________________________
,
Provider
$ ____________,
Premium or Charge
F
F
Lessee
Co-Lessee
Lessee
Co-Lessee
G
G
F Optional Excess Wear and Use Protection Plan
___________________________________________________,
Provider
$ ____________,
Premium or Charge
F Optional Tire and Wheel Protection Plan
___________________________________________________
,
Provider
$ ____________,
Premium or Charge
Total Premiums and Charges $
Lessee
Lessee
H
I
Co-Lessee
Co-Lessee
H
I
N/A N/A
N/A
N/A
N/A N/A
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0.00 N/A
T638978826-DP638978827 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638978826-DP638978827 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:36:43 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
f. take the Vehicle outside the continental United States (except to Canada or Mexico for less than 30 days, if you have our consent and have provided us with proof of insurance);
g. use the Vehicle in a way that causes the cancellation or suspension of any warranty or other similar protection agreement; or h. allow anyone else to regularly use the Vehicle without our written consent. $VVLJQLQJVXEOHDVLQJ SOHGJLQJ
RUSHUPLWWLQJDVHFXULW\LQWHUHVWWREHFUHDWHGLQRULQDQ\RWKHUZD\WUDQVIHUULQJE\\RXRIDQ\LQWHUHVWLQ WKH9HKLFOHRUWKLV/HDVHLVVWULFWO\SURKLELWHG
23. Title and Registration. Legal title to the Vehicle will be in our name and the Vehicle will be registered as we direct. You must promptly pay all title, registration, and license fees.
5HTXLUHG,QVXUDQFH7KHOLPLWVUHTXLUHGXQGHUVWDWHODZPD\QRWEHVXI¿FLHQWIRU\RXUQHHGV6HH\RXULQVXUDQFHSURYLGHUIRUPRUHLQIRUPDWLRQYou PD\REWDLQWKHUHTXLUHGFRYHUDJHVWKURXJKDQ\LQVXUDQFHFRPSDQ\DJHQWRUEURNHU\RXFKRRVHZKLFKLVUHDVRQDEO\DFFHSWDEOHWRXV DQGDXWKRUL]HGWRGREXVLQHVVLQWKHVWDWHZKHUHWKH9HKLFOHLVORFDWHG This insurance may be provided through existing policies that you own or control if it otherwise meets all requirements. The insurance policy must be acceptable to us, name Toyota Lease Trust as additional insured and loss payee, and give us at least 10 days written notice before any cancellation or reduction in coverage. You authorize us to endorse your name(s) on any check or draft from your insurance company for any claim. You must provide us with written proof of this insurance, including a copy of the insurance policy, at any time during the term of this Lease at our request. You agree to release to us all insurance or other proceeds you receive for damages or loss to the Vehicle (including any premium refunds on the Required Insurance) up to the amount you owe us. 1RWLFH
/LDELOLW\LQVXUDQFHFRYHUDJHIRUERGLO\LQMXU\DQGSURSHUW\GDPDJHFDXVHGWRRWKHUVLVQRWLQFOXGHGLQWKLV/HDVH 3D\PHQW2EOLJDWLRQVYou may not change or stop your Monthly Payments for any reason, even if the Vehicle is stolen, destroyed, seized by the government, non-operative, experiences any mechanical problem, or does not perform satisfactorily. We may apply each Monthly Payment and each other payment we receive to past due payments, current payment due, late charges, and other amounts due under this Lease in any order we choose, to the extent permitted by law.
26. Change in Address. You must notify us in writing within 30 days of any change in your address or the address where the Vehicle is garaged. )HHV7D[HVDQG)LQHV<RXPXVWSURPSWO\SD\DOORI¿FLDOIHHVDQGWD[HVUHODWHGWRWKH9HKLFOHDQGWKLV/HDVHLQFOXGLQJWLWOHOLFHQVHDQGUHJLVWUDWLRQ fees, and sales, use, excise and personal property taxes. These amounts may change from time to time based on changes to your address and FKDQJHVLQWD[UDWHV<RXPXVWDOVRSURPSWO\SD\DOORWKHUIHHVDVVHVVPHQWVFKDUJHVFRVWVDQG¿QHV FROOHFWLYHO\³¿QHV´
LQFXUUHGRQWKH9HKLFOHVXFK
DVWUDI¿FWLFNHWVLPSRXQGVWRZLQJFKDUJHVVWRUDJHFKDUJHVDQGWROOYLRODWLRQV6RPHELOOVIRURI¿FLDOIHHVDQGWD[HVPD\EHVHQWWR\RXIRUSD\PHQW Other bills may be paid by us on your behalf and we will charge you the amount billed to us. If you fail to pay any such amount when billed by us or by a third party, and we elect to pay it, you will reimburse us for the amount paid plus a $10 administrative fee per incident, to the extent permitted by law. In connection with these bills, you give us permission to provide information regarding you and this Lease to the billing authority. You must pay all IHHVWD[HVDVVHVVPHQWVFKDUJHVFRVWVDQG¿QHVLQFXUUHGRQWKH9HKLFOHGXULQJWKH/HDVH7 HUPHYHQLIWKH\DUHDVVHVVHGDQGELOOHGDIWHUWKLV/HDVH has ended. We may charge you an estimated amount for any remaining items at the time this Lease ends. You are responsible for any shortage in this estimate, and we will refund you any excess.
:HDUHQRWREOLJDWHGWRDSSO\IRUDQ\UHIXQGRUDEDWHPHQWRIRI¿FLDOIHHVDQGWD[HVLQFOXGLQJSHUVRQDOSURSHUW\WD[HV,I\RXPDNHDZULWWHQUHTXHVW WKDWZHDSSO\IRUDUHIXQGRIDQRI¿FLDOIHHRUWD[WKDW\RXSDLGWRXVWRZKLFK\RXDUHHQWLWOHGZHZLOO¿OHDQDSSOLFDWLRQIRUUHIXQG:HZLOOVHQGDQ\ refund we receive, less all amounts due under this Lease, to you. :HPD\SD\DQ\WLWOHUHJLVWUDWLRQOLFHQVHIHHWD[DVVHVVPHQWFKDUJHFRVWRU¿QHZKLFK\RXIDLOWRSD\DQGFKDUJH\RXWKHDPRXQWSDLG<RXDUH UHVSRQVLEOHIRUDQ\¿QHVRUSHQDOWLHVLI\RXIDLOWRSD\WKHELOOZKHQGXH
28. Default and Remedies. To the extent permitted by law, you will be in default if:
a. you fail to make any payment when it is due;
b. you fail to keep any other agreement in this Lease;
c. you provided false or misleading information when applying for this Lease; d. you become the subject of a bankruptcy or insolvency proceeding; H WKH9HKLFOHLVORVWVWROHQVHL]HGFRQ¿VFDWHGOHYLHGXSRQRUGDPDJHGEH\RQGUHDVRQDEOHUHSDLU
f. you die and there is no surviving co-lessee; or
g. you fail to return the Vehicle by the Scheduled Maturity Date and do not obtain our written consent to extend the Lease Term.
If you are in default, we may do any or all of the following, as permitted by law, after giving any legally required notices, and observing any legally required cure or reinstatement periods:
i. terminate this Lease and your right to use the Vehicle; ii. require you to return the Vehicle by allowing us to pick up the Vehicle or making it available to us at any reasonable time and place we specify; iii. take possession of the Vehicle by legal process or by self help in any manner not prohibited by law; iv. require you to pay the amounts set forth in Section 29; v. take any reasonable action to correct your default or to prevent our loss; vi. pursue any other remedy allowed by law; and
vii. require you to pay all of our reasonable expenses for taking these actions and add the amount of our expenses to the amount you owe us under this Lease, including, but not limited to, expenses for repossession, transportation, storage, collection, and legal costs, including reasonable attorneys’ fees paid to an attorney who is not our salaried employee, as allowed by applicable law.
We or our agent may take possession of personal property left in or on the Vehicle, subject to your right to recover such property, if any. We or our agent may store it for you and you will be responsible to pay for this service. If you do not take possession of the personal property, we or our agent may dispose of it as permitted by law.
T638978826-DP638978827 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638978826-DP638978827 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:36:43 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
ENDING YOUR LEASE
(DUO\7HUPLQDWLRQE\8VWe may terminate this Lease at any time if you are in default (see Section 28). If we do, you must return the Vehicle to us, at any reasonable location we specify. In addition, you must pay us, upon demand, the total of the following amounts:
a. the amounts set forth in Section 28(vii); plus
b. all Monthly Payments that have become due and are unpaid at termination; plus c. all other unpaid amounts then due under this Lease, but not including charges for Excessive Wear and Use and excess mileage (Sections 10 and 34); plus
d. an Early Termination Amount equal to, the difference, if any, between:
(i) the Adjusted Capitalized Cost as disclosed in Section 9(c); and (ii) the sum of (a) all depreciation and other amortized amounts accrued through the date of early termination, calculated in accordance with the FRQVWDQW\LHOGPHWKRGDQG
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e. any remaining Refundable Security Deposit (Section 36) or refund we receive from Optional Insurance or Other Products (Section 38).
The “Realized Value” means one of the following: (1) where the Vehicle is a total loss as a result of a theft or damage, and you maintain the Required Insurance, the amount of any applicable insurance deductible owed by you plus the proceeds of the settlement of the insurance claim, unless we agree to a higher amount; (2) the wholesale appraised value, if you elect to have an appraisal, which you may obtain, at your own expense, from a professional independent appraiser agreed to by you and us (the appraisal must be completed at least three days before the scheduled valuation or disposal date of the Vehicle, as provided by a notice that we will provide to you); (3) if we choose to retain ownership of the Vehicle for use or to lease WKH9HKLFOHWRDVXEVHTXHQWOHVVHHWKHZKROHVDOHYDOXHDVVSHFL¿HGLQWKHFXUUHQWHGLWLRQRIDUHFRJQL]HGXVHGYHKLFOHJXLGHVXFKDV.HOOH\%OXH%RRN RUWKH1$'$2I¿FLDO8VHG&DU*XLGH
RU
XQGHUDOORWKHUFLUFXPVWDQFHVWKHSULFHSDLGIRUWKH9HKLFOHDWGLVSRVLWLRQ (DUO\7HUPLQDWLRQE\<RXYou may terminate this Lease at any time prior to the scheduled end of this Lease. If you terminate this Lease early, are not in default, and do not elect to purchase the Vehicle in accordance with Section 32, you must return the Vehicle to us, at any reasonable location we specify, and you must pay us, upon demand:
a. all Monthly Payments that have become due and are unpaid at termination; plus b. all other unpaid amounts then due under this Lease, but not including charges for Excessive Wear and Use and excess mileage (Sections 10 and 34); plus
c. the Early Termination Amount determined pursuant to Section 29(d) above; minus d. any remaining Refundable Security Deposit (Section 36) or refund we receive from Optional Insurance or Other Products (Section 38).
If you terminate this Lease early, are in default (see Section 28), and do not elect to purchase the Vehicle in accordance with Section 32, you must UHWXUQWKH9HKLFOHWRXVDWDQ\UHDVRQDEOHORFDWLRQZHVSHFLI\DQG\RXPXVWSD\XVXSRQGHPDQGWKHDPRXQWVVSHFL¿HGLQ6HFWLRQ DERYH
Other terms apply if you terminate this Lease and purchase the Vehicle or trade in the Vehicle in connection with the purchase or lease of another vehicle.
(IIHFWRI*XDUDQWHHG$XWRPRELOH3URWHFWLRQRQ(DUO\7HUPLQDWLRQ If the Vehicle is subject to damage or theft resulting in a total loss, and you have purchased and received Guaranteed Automobile Protection in connection with this Lease, and you have met the conditions set forth in the Guaranteed Automobile Protection agreement, then your Early Termination obligations set forth in Sections 29 or 30, as applicable, will not include the charges set forth in Section 29(d), the disposition fee shown in Section 5, and the charges for Excessive Wear and Use and excess mileage (Sections 10 and 34).
32. Your Option to Purchase the Vehicle. You may purchase the Vehicle at any time during this Lease or at the Scheduled Maturity Date (unless a governmental agency has seized the Vehicle and instructed us not to release the Vehicle to you). The price to purchase the Vehicle at the Scheduled Maturity Date is the Purchase Option Price shown in Section 11, plus, the amount described in subsections 32(a), 32(b) and 32(c), below. The price to purchase the Vehicle during the Lease Term is the total of:
a. all unpaid Monthly Payments that have become due, and other amounts due and unpaid under this Lease, except the disposition fee shown in Section 5 and charges for Excessive Wear and Use and excess mileage (Sections 10 and 34); plus, E DOORI¿FLDOIHHVDQGWD[HVDQGGRFXPHQWDU\IHHVFKDUJHGLQFRQQHFWLRQZLWKWKHSXUFKDVH SOXV
c. all amounts necessary to meet any legal selling requirements; plus, d. the difference, if any, between the Adjusted Capitalized Cost as disclosed in Section 9(c) and all depreciation and other amortized amounts accrued through the date of early termination, calculated in accordance with the constant yield method. $V SDUW RI D OLNHNLQG H[FKDQJH SURJUDP 70&& KDV HQJDJHG 74, ([FKDQJH //& ³74,´
DV D TXDOL¿HG LQWHUPHGLDU\ /HVVRU DQG /HVVHH DUH KHUHE\QRWL¿HGWKDW70&&KDVDVVLJQHGWR74,LWVULJKWV EXWQRWLWVREOLJDWLRQV
LQDQ\DJUHHPHQWIRUWKHVDOHRIWKH9HKLFOHDW/HDVHWHUPLQDWLRQ 2EOLJDWLRQVLI<RX'R1RW3XUFKDVHWKH9HKLFOHDWWKH6FKHGXOHG0DWXULW\'DWHAt the Scheduled Maturity Date, you must return the Vehicle to us at any reasonable location we specify, and pay us, upon demand, the following amounts:
a. all Monthly Payments and other amounts due under this Lease, including the disposition fee shown in Section 5; plus E DOORI¿FLDOIHHVDQGWD[HVFKDUJHGLQFRQQHFWLRQZLWKWKLV/HDVHWHUPLQDWLRQ SOXV
c. all Excessive Wear and Use charges described in Section 34; plus d. all excess mileage charges disclosed in Section 10. You will not receive a refund if you do not use all of the mileage set forth in Section 10.
If you keep possession of the Vehicle past the Scheduled Maturity Date, you agree to continue to pay the Monthly Payments. However, continued payment does not cure any default, including a default under Section 28(g), and does not permit you to keep the Vehicle unless you obtain our advance written consent to extend the Lease Term. You agree to pay us any damages we suffer because you failed to return the Vehicle at the end of this Lease.
T638978826-DP638978827 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638978826-DP638978827 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:36:43 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
34. Excessive Wear and Use Charges. If you do not purchase the Vehicle at any time during this Lease or at the Scheduled Maturity Date, or if you elect to terminate this Lease pursuant to the terms of this Lease and except to the extent paid by the Excess Wear and Use Protection Plan; if you purchased and received that Plan, you are responsible for the estimated cost to repair damage (including diagnostic cost, if any) to the Vehicle which is excessive wear and use (even if we do not repair the Vehicle).
Excessive wear and use may include but is not limited to certain damage such as:
a. inoperative mechanical and electrical parts;
b. damage (including but not limited to, damage to the engine) due to your failure to maintain the Vehicle pursuant to the terms of this Lease; c. damage to the body, lights, trim or paint;
d. damaged, broken or missing glass;
e. torn, damaged or stained interior;
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g. damage from removal of equipment or signs placed on the Vehicle; h. missing equipment, parts and accessories, including missing keys or remote entry devices; or i. any wear or damage to any part of the tire that doesn’t allow the tire to meet the manufacturer’s guidelines for safe operation, or any mismatched tire sizes in a set of 5 (or 4 with any emergency spare if the Vehicle was equipped with one). $'',7,21$/,1)250$7,21
35. Communication Consent. <RXDJUHHWKDWZH70&&DQGDQ\DI¿OLDWHVDJHQWVDQGVHUYLFHSURYLGHUVRUDQ\DVVLJQHHVRIWKHIRUHJRLQJ LQGLYLGXDOO\
DQGFROOHFWLYHO\DVDSSOLFDEOHLQWKLV&RPPXQLFDWLRQV&RQVHQWVHFWLRQ³ZH´³RXU´RU³XV´ PD\FDOO\RXOHDYH\RXDYRLFHSUHUHFRUGHGRUDUWL¿FLDO voice message or send you a text, email or other electronic message for any purpose related to your Accounts with us, our products and services, or surveys or research (each a “Communication”). We may include your personal information in a Communication and conduct a Communication using an automated dialing system and any contact information we have for you, including a cell phone number. We will not charge you for a Communication but your service provider may do so. You understand and agree, we may always communicate with you in any manner permissible by law that does not require your consent.
5HIXQGDEOH6HFXULW\'HSRVLWYour security deposit may be used by us to pay amounts that you owe under this Lease. If you elect to purchase your Vehicle, your security deposit may be applied by us to the amount you owe to purchase your Vehicle. Any unused security deposit will be returned to \RXDWWKHHQGRIWKH/HDVH7HUP1RLQWHUHVWLQFUHDVHRUSUR¿WVZLOOEHSDLGWR\RXRQWKHVHFXULW\GHSRVLWXQOHVVUHTXLUHGE\ODZ
37. Assignment. We can assign our interest in this Lease and in the Vehicle without your consent. After you sign this Lease, we will assign it to TLT and you agree to make all payments to TMCC as servicer for TLT.
38. Refund of Optional Insurance or Other Products. If any optional insurance or product included in the Gross Capitalized Cost is cancelled before the end of the Lease Term, or if you are not accepted by the Provider for a requested optional insurance or product, we will credit any refunds to your account.
39. Indemnity. You agree to indemnify us from, and to pay on our behalf, any claim or loss (including damages, costs, expenses and legal fees) which arises from or is related to the possession, condition, use, maintenance or operation of the Vehicle. Any insurance we provide is secondary to the Required Insurance.
40. Credit Information.
You authorize us, at any time, to investigate any information provided on your credit application in order to establish, maintain and collect on this Lease account, including to order one or more credit reports in connection with establishing, maintaining or collecting this Lease account.
You authorize us to provide information concerning your account to credit reporting agencies and others who may lawfully receive such information.
You may notify us if you believe that we have reported any inaccurate information about your Lease account to a consumer reporting agency. Send \RXUZULWWHQQRWLFHGHVFULELQJWKHVSHFL¿FLQDFFXUDFLHVWRXVDWWKHIROORZLQJDGGUHVV 3 2%R[
&HGDU5DSLGV,$
/LDELOLW\Lessee and Co-Lessee are jointly and severally liable. If there is both a Lessee and Co-Lessee signing this Lease, we can release, waive, or delay the enforcement of our rights against one of you, without affecting our rights as to the other one(s).
42. Notices. All Lessee and Co-Lessee correspondence and notices will be sent to the Lessee’s Billing Address shown on this Lease, unless you give us a different address. If the Co-Lessee provides a separate address, delinquency notices will be provided to such address in addition to the Billing Address.
All correspondence and notices will be given solely in TMCC’s name as the servicer, and will be given on behalf of TLT. &KRLFHRI/DZDQG6HYHUDELOLW\You agree that the law of the state in which this Lease is signed applies to this Lease unless prohibited by law. If certain provisions of this Lease violate the law, those provisions will be void, and the rest of this Lease will be enforceable. 1R:DLYHUE\8VIf we delay or refrain from exercising our rights or remedies under this Lease, we do not lose those rights or remedies. If we accept late or partial payments from you, we do not waive our right to receive full and timely payments. We may accept payments with “Payment in Full,” similar language or other restrictive endorsements without being bound by such language or waiving our rights or remedies.
45. Odometer Disclosure Statement. Federal law requires that you disclose the Vehicle’s odometer reading to us upon termination of this Lease or transfer of ownership. Failure to complete an Odometer Disclosure Statement, failure to return it to us, or making a false statement therein, may result LQ¿QHVDQGRULPSULVRQPHQW<RXZLOOEHSURYLGHGDQ2GRPHWHU'LVFORVXUH6WDWHPHQWWRFRPSOHWHSULRUWRWKHWHUPLQDWLRQRIWKLV/HDVH
46. Nonapproval of Credit Application. You have the right to return the vehicle and receive a refund of any payments made if the credit DSSOLFDWLRQLVQRWDSSURYHGXQOHVVQRQDSSURYDOUHVXOWVIURPDQLQFRPSOHWHDSSOLFDWLRQRUIURPLQFRUUHFWLQIRUPDWLRQSURYLGHGE\\RX T638978826-DP638978827 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638978826-DP638978827 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:36:43 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
47. True Lease; Security Interest. <RXDQGZHLQWHQGWKDWWKLV/HDVHIRUDOOSXUSRVHVFRQVWLWXWH V D³WUXHOHDVH´RIWKH9HKLFOHDQGQRWD³¿QDQFHG lease” or a secured transaction under the laws of any state. However, if for some reason a court or arbitrator determines that this Lease constitutes D³¿QDQFHGOHDVH´RUDVHFXUHGWUDQVDFWLRQ\RXJUDQWXVDVHFXULW\LQWHUHVWDWWKDWWLPHWRWKHH[WHQWSHUPLWWHGE\ODZLQWKH9HKLFOHLQFOXGLQJDQ\ SURSHUW\QRZRUODWHULQVWDOOHGLQRUDI¿[HGWRWKH9HKLFOHLQDOOSURFHHGVGHULYHGIURPWKH9HKLFOHLQ\RXUVHFXULW\GHSRVLWLQWKHSURFHHGVRIDQ\ insurance relating to persons or property and the proceeds of all Guaranteed Automobile Protection and other optional products, including return of unearned premiums and unearned charges.
48. Electronic Records and Signatures and Conversion to Paper. You agree to use electronic records and electronic signatures to document this contract. Your electronic signatures will have the same effect as signatures on a paper contract.
There will be one authoritative copy of this contract. It will be the electronic copy in a document management system we designate for storing it. We may convert the authoritative copy to a paper original. We will do so by printing one paper copy marked “Original.” This paper original will have your electronic signature on it. It will have the same effect as if you had signed it originally on paper.
ARBITRATION
$UELWUDWLRQ3URYLVLRQYou agree that any claims arising from or relating to this Lease or related agreements or relationships, including the validity, enforceability, arbitrability or scope of this Provision, at your or our election, are subject to arbitration. This includes, without limitation, claims in contract, tort, pursuant to statute, regulation, ordinance or in equity or otherwise, and claims asserted by us against you and by you against us, and the following Covered Parties: Toyota Lease Trust, Toyota Motor Credit Corporation, Lexus Financial Services, Toyota Motor Insurance Services, Inc., and/or any RIRXURULWVDI¿OLDWHVDQGRUDQ\RIRXURUWKHLUHPSOR\HHVRI¿FHUVVXFFHVVRUVDVVLJQVRUDJDLQVWDQ\WKLUGSDUW\SURYLGLQJDQ\SURGXFWRUVHUYLFHLQ FRQQHFWLRQZLWKWKLV/HDVH$Q\DUELWUDWLRQVKDOOEHDGPLQLVWHUHGE\HLWKHU-$06 LWVUXOHVPD\EHREWDLQHGDWDQ\RILWVPDQ\RI¿FHVQDWLRQZLGHRU online at www.jamsadr.com), or any arbitration provider that either party may choose subject to the other’s approval, which may not be unreasonably withheld. The applicable rules of the selected arbitration provider shall govern, except that in the event of any inconsistency between those rules and this Provision, this Provision shall prevail. Such claims shall be resolved in accordance with (i) the Federal Arbitration Act (the “FAA”); (ii) the selected DUELWUDWLRQSURYLGHU¶VUXOHVDQGSURFHGXUHVLQHIIHFWDWWKHWLPHWKHFODLPLV¿OHG DQG
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WKLV3URYLVLRQ$Q\DUELWUDWLRQKHDULQJDWZKLFK\RXDSSHDUVKDOO be conducted at a location that is reasonably convenient to where you live. The Arbitrator shall apply applicable substantive law consistent with the FAA (and not any state law concerning arbitration) and shall award such remedies, if any, that would be available in court if arbitration had not been elected.
If you cannot afford to pay and cannot obtain a waiver of the fees charged by the Arbitrator or if you believe that such fees are or will be prohibitively expensive or excessive, we and the Covered Parties will entertain in good faith any reasonable written request by you for us and the Covered Parties to pay or reimburse you for all or part of such fees. In addition, we will pay the selected arbitration provider’s fees for all claims under $15,000. For claims above that amount, the selected arbitration provider’s fee shall be covered equally by the parties. In the event we prevail, we agree not to seek recovery of our attorneys’ fees from you. If you prevail and the Arbitrator awards you an amount higher than our last written settlement offer before the Arbitrator was selected, we will pay you double your attorney’s fees and the maximum claim that may be brought in small claims court in the county of your billing address. :HWKH&RYHUHG3DUWLHVDQG\RXDUHSURKLELWHGIURPSDUWLFLSDWLQJLQDQ\W\SHRIUHSUHVHQWDWLYHDFWLRQLQFOXGLQJDFODVV DFWLRQRUSULYDWHDWWRUQH\JHQHUDODFWLRQ:HWKH&RYHUHG3DUWLHVDQG\RXDUHDOVRSURKLELWHGIURPVHHNLQJDQ\UHOLHIRQDUHSUHVHQWDWLYH RUFODVVEDVLVYou will not be subject to this Provision for any individual claim brought by you in small claims court or your state’s equivalent court, unless such claim is transferred, removed or appealed to a different court. IF ANY PARTY ELECTS ARBITRATION WITH RESPECT TO A CLAIM, NEITHER YOU NOR WE NOR ANY COVERED PARTY WILL HAVE THE RIGHT TO LITIGATE THAT CLAIM IN COURT; TO HAVE A JURY TRIAL ON THAT CLAIM; OR TO PARTICIPATE AS A REPRESENTATIVE OR MEMBER OF ANY CLASS OF CLAIMANTS PERTAINING TO SUCH CLAIM.
THE ARBITRATOR’S DECISION WILL BE FINAL AND BINDING EXCEPT AS MAY BE PROVIDED IN THE FAA. This Provision will survive your full payment of this Lease; our sale or transfer of this Lease; any repossession of the Vehicle; and your (or our) bankruptcy.
By checking the “opt-in” box and signing below, you agree that at the request of either you or us any controversy or claim between you and us shall EHGHWHUPLQHGE\QHXWUDOELQGLQJDUELWUDWLRQXQGHUWKH)HGHUDO$UELWUDWLRQ$FW GH¿QLWLRQVWHUPVDQGFRQGLWLRQVGHVFULEHGLQWKH$UELWUDWLRQ3URYLVLRQ
,)<28'2127:,6+72%(%281'%<7+($5%,75$7,213529,6,21&+(&.7+(³237287´%2;$1'6,*1%(/2:%\FKHFNLQJDER[ and signing below, you agree that you have read and received a copy of the Arbitration Provision.
F OPT IN: You agree to be bound by the Arbitration Provision.
F OPT OUT: You do not wish to be bound by the Arbitration Provision.
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T638978826-DP638978827 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638978826-DP638978827 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:36:43 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
LEASE SIGNATURES AND NOTICES
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Lease; (3) This is a lease; you have no ownership interest in the Vehicle unless and until you exercise your option to purchase set forth in this Lease.
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Notice Regarding Assignment.$VSDUWRIDOLNHNLQGH[FKDQJHSURJUDP70&&KDVHQJDJHG74,([FKDQJH//& ³74,´
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Acceptance and Assignment: The Lessor hereby accepts this Lease and assigns to the Toyota Lease Trust all rights, title and interest in this Lease and in the Vehicle, and Lessor’s rights under any guaranty executed in connection with this Lease, with full powers to Toyota Lease Trust to collect and discharge all obligations related to this Lease, any guaranty, and this assignment.
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&$/,)251,$&5(',7',6$%,/,7<,1685$1&(&/$,0352&('85(127,&( If you have applied for and received Optional Credit Disability Insurance (Section 19), and become disabled, tell us right away. We will tell you where to get claim forms. Send in the completed form to the Insurance Provider as soon as possible and tell us as soon as you do.
If your disability insurance covers all of your missed payment, WE CANNOT TRY TO COLLECT WHAT YOU OWE OR REPOSSESS THE 9(+,&/(817,/7+5((&$/(1'$50217+6$)7(5\RXU¿UVWPLVVHGSD\PHQWLVGXHRUXQWLOWKHLQVXUDQFHFRPSDQ\SD\VRUUHMHFWV \RXUFODLPZKLFKHYHUFRPHV¿UVW:HFDQKRZHYHUWU\WRFROOHFWRUUHSRVVHVVWKHYHKLFOHLI\RXKDYHPRQH\GXHDQGRZLQJXVRUDUH otherwise in default when your disability claim is made or if a senior lien holder is foreclosing.
If the insurance company pays the claim within three calendar months, we must accept the money as though you paid on time. If the insurance company rejects the claim within the three calendar months or accepts the claim within the three calendar months as a partial disability and pays less than for a total disability, you will have 35 days from the date that the rejection or the acceptance of the partial disability claim is sent to pay past due payments, or the difference between the past due payments and what the insurance company pays for the partial disability, plus late charges. You can contact us, and we will tell you how much you owe. After that time, we can take action to collect or foreclose or repossess any collateral you may have given.
If the insurance company accepts your claim but requires that you send in additional forms to remain eligible for continued payments, you should send in these additional forms no later than required. If you do not send in these forms on time, the insurance company may stop paying, and we will be able to take action to collect or foreclose or repossess any collateral you may have given.
N/A
CITY OF REDLANDS N/A
TOYOTA OF REDLANDS
T638978826-DP638978827 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638978826-DP638978827 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:36:43 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
2. Description of Leased Vehicle
You are leasing from us, and have received in satisfactory condition, the following Vehicle:
Lease Date: _______________
This is a Lease for the Vehicle described below. The words “you”, “your” and “yours” refer to the Lessee and any Co-Lessee. The words “we”, “us” and “our” refer to the Lessor, and after assignment, to the Toyota Lease Trust (“TLT”) and any subsequent assignee. Toyota Motor Credit Corporation (“TMCC”) will be servicing this Lease on behalf of TLT. By signing this Lease, you agree to lease the Vehicle described below from us under the terms of this Lease, to pay all amounts due and to perform all of your obligations under this Lease.
1. Parties
LESSOR (DEALER) NAME AND ADDRESS
LESSEE AND CO-LESSEE NAME AND LESSEE’S BILLING ADDRESS
VEHICLE GARAGING ADDRESS
Primary Use Odometer Mileage
Leased Vehicle
9HKLFOH,GHQWLÀFDWLRQ1XPEHUNew or Used
“THERE IS NO COOLING OFF PERIOD”
California law does not provide for a “cooling off” or other cancellation period for vehicle leases. Therefore, you cannot later cancel WKLV/HDVHVLPSO\EHFDXVH\RXFKDQJH\RXUPLQGGHFLGHGWKHYHKLFOHFRVWVWRRPXFKRUZLVK\RXKDGDFTXLUHGDGLIIHUHQWYHKLFOH You may cancel this Lease only with the agreement of the Lessor or for legal cause such as fraud. *$3/,$%,/,7<127,&(
,QWKHHYHQWRIWKHIWRUGDPDJHWRWKH9HKLFOHWKDWUHVXOWVLQDWRWDOORVVWKHUHPD\EHD*$3EHWZHHQWKHDPRXQWGXH XSRQHDUO\WHUPLQDWLRQDQGWKHSURFHHGVRI\RXULQVXUDQFHVHWWOHPHQWDQGGHGXFWLEOH7+,6/($6(3529,'(67+$7<28$5(/,$%/()25 7+(*$3$028172SWLRQDOFRYHUDJHIRUWKH*$3DPRXQWPD\EHRIIHUHGIRUDQDGGLWLRQDOSULFH The box below memorializes trade-in, turn-in and other individualized agreements between you and the Lessor (Dealer). Obligations of the Lessor set IRUWKLQWKLVER[VKDOOEHWKHVROHUHVSRQVLELOLW\RIWKH/HVVRU 'HDOHU
,IWKLVER[FRQÀLFWVZLWKDQ\RWKHUVHFWLRQRIWKLV/HDVHWKHRWKHUVHFWLRQRIWKLV Lease shall control.
Lessee
A
Co-Lessee
A
Stock No:2201846
Deal ID:46055
10/04/2022
CITY OF REDLANDS
PO BOX 3005
REDLANDS, County of SAN BERNARDINO, CA 92373
TOYOTA OF REDLANDS
921 NEW YORK STREET
REDLANDS, CA 92374
N/A2022 Toyota Tacoma 4WD SR5 Double Cab 5' Bed V6 AT
BusinessNew 3TYCZ5AN1NT103186 5
N/A
N/A
T638977502-DP638977503 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638977502-DP638977503 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:34:07 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
)('(5$/&21680(5/($6,1*$&76(*5(*$7('',6&/2685(6
6. Total of
Payments
(The amount
you will have
paid by the end
of the Lease)
$
3. Amount Due at
Lease Signing
or Delivery
(Itemized in
Section 7 below)
$
5. Other Charges
(not part of your
Monthly Payment)
Disposition fee (if you
do not purchase the
Vehicle) $ __________
Total $
4. Monthly Payments
<RXU¿UVW0RQWKO\3D\PHQWRI _________ is due on ____________, followed by _________ payments of $ ______________ due on
the _________ of each month.
The total of your Monthly Payments is: $
Itemization of Amount Due at Lease Signing or Delivery
7. Amount Due at Lease Signing or Delivery:
a. Capitalized Cost Reduction $ _______________
b. First Monthly Payment $ _______________
c. Refundable Security Deposit $ _______________
d. T itle Fees $ _______________
e. Registration Fees $ _______________
f. License Fees $ _______________
g. Tax on Capitalized Cost Reduction $ _______________ h. Acquisition Fee $ _______________
i. Document Processing Fee $ _______________
(Not a Government Fee)
j. DMV Electronic Filing Fee $ _______________
(Not a Government Fee)
k. California Tire Fee $ _______________
l. ______________________________ $ _______________
m. ______________________________ $
_______________
n. ______________________________ $ _______________
o. ______________________________ $ _______________
p. Total $
+RZWKH$PRXQW'XHDW/HDVH6LJQLQJRU'HOLYHU\ZLOOEH3DLG
a. Net Trade-In Allowance
Year _____ Make _____________ Model _______________ __
VIN ____________________________
(i) Agreed Upon Value $ __________
(ii) Less: Pay Off $ __________
(iii) Less: Cash to Lessee $ __________
Net Trade In [(i) — (ii) — (iii), no less than 0] $ ________________ b. Rebates and Noncash Credits $ ________________
c. __________________________________ $ ________________ d. __________________________________ $ ________________ e. __________________________________ $ ________________ f. Amount to be Paid in Cash $ ________________
g. Total $
1,025.31
10/04/2022584.56
35 584.56
4th
350.00
350.0021,044.16 21,834.91
N/A
584.56
N/A
N/A
127.00
275.00
N/A
N/A
N/A
30.00 8.75
N/A N/AN/A
N/A
N/A
N/A
N/A
0.00 1,025.31
N/A N/A
N/AN/A
N/A N/A
N/AN/A
N/A N/A
N/A N/A
N/A
N/A N/A
1,025.31 1,025.31
T638977502-DP638977503 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638977502-DP638977503 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:34:07 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
Early Termination. You may have to pay a substantial charge if you end this Lease early. The charge may be up to several thousand dollars. The actual charge will depend on when the Lease is terminated. The earlier you end the Lease, the greater this charge is likely to be.
12. Other Important Terms
Review this Lease for additional information on early termination, purchase options and maintenance responsibilities, warranties, late and
default charges, insurance, and any security interest, if applicable.
10. Excessive Wear and Use
You may be c
harged for excessive wear based on our standards for normal use and for mileage in excess of _______________ miles over the odometer mile
age disclosed on page one, at the rate of $ _______________ per mile.
11. Purchase Option at the End of Lease Term
You have an option to purchase the Vehicle at the end of the Lease Term for $ ______________.
That amount does not include other charges you may be required to pay pursuant to Section 32.
9. Payment Determination
a. Gross Capitalized Cost. The agreed upon value of the Vehicle ($ ______________ ) and any items you pay over the Lease Term (such as service contracts, insurance, and any outstanding prior credit or lease balance). For an itemization of this amount, see Section 13. $ ______________ E &DSLWDOL]HG&RVW5HGXFWLRQ The amount of any net trade-in allowance, rebate, noncash credit, or
cash you pay that reduces the Gross Capitalized Cost. – $ ______________ c. Adjusted Capitalized Cost. The amount used in calculating your Base Monthly Payment. = $ _ ______
______ _
d. Residual Value. The value of the Vehicle at the end of the Lease used in calculating your Base Monthly Payment. – $ ______________
e. Depreciation and any Amortized Amounts. The amount charged for the Vehicle’s decline in value through normal use and for other items paid over the Lease Term. = $ __ _________
___
f. Rent Charge. The amount charged in addition to the Depreciation and any Amortized Amounts. + $ __________ _____ g. Total of Base Monthly Payments. The Depreciation and any Amortized Amounts plus the Rent Charge. = $ ________ ______ h. Lease Payments. The number of payments in your Lease. ÷ ____________ __ i. Base Monthly Payment. = $ _____________ _
j. Monthly Sales/Use Tax. + $ ____________ __
k. ___________________________________________________________________________________ + $ ___________ ___ l. Total Monthly Payment (“Monthly Payment”) = $
<RXU0RQWKO\3D\PHQWLVGHWHUPLQHGDVVKRZQEHORZ
42,288.31
43,271.31
N/A
43,271.31
31,904.00
11,367.31
7,983.72
19,351.03
36 537.53
47.03 N/A N/A
584.56
36000
0.15 31,904.00
T638977502-DP638977503 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638977502-DP638977503 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:34:07 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
5HTXLUHG,QVXUDQFH
You must p
rovide the following insurance during the Lease Term, with the Lessee and/or Co-Lessee as an insured driver. No other types of insurance are required and QR5HTXLUHG,QVXUDQFHLVSURYLGHGE\XVLQWKLV/HDVH:
a) primary automobile liability insurance with minimum limits for bodily injury or death of i) $ _______________ for any one person, and iii) $ _______________ for property damage; and ii) $ _______________ for any one accident, and
b) physical damage insurance for the full value of the Vehicle, with a maximum deductible of $1,000.
See Section 24 for more information.
You have provided us today with the following insurance information:
___________________________________________________________________________________________________________________ Insurance Provider
Policy No.
___________________________________________________________________________________________________________________ Agent’s Name
Agent’s Phone No.
___________________________________________________
___________________________________________________
_____________
Agent’s Address
14. Lease Term and Scheduled Maturity Date
The Lease Term of this Lease is ______ months, and the Scheduled Maturity Date of this Lease is ______________. ,QVXUDQFH&RYHUDJH9HUL¿FDWLRQE\'HDOHU(PSOR\HH
B
13. Itemization of Gross Capitalized Cost
You will pay for the following items over the Lease Term, as part of your Monthly Payment:
a.1. Agreed Upon Value of the Vehicle as equipped at time of signing this Lease $ _____________ a.2.
Agreed Upon Value of each accessory and item of optional equipment the Lessor (Dealer) agrees to add to the Vehicle after signing this Lease:
i. _________________________________________________________________ __________________ + $ _____________ ii. _________________________________________________________________ __________________ + $ _____________ iii. _____________
____________________________________________________ __________________ + $ _____________ iv. _________________________________________________________________ __________________ + $ _____________ a.3. Total Agreed Upon Value of the Vehicle = $ _____________ b. Taxes + $ _____________
c. Initial Title, License, and Registration Fees + $ _____________
d. Outstanding Prior Credit or Lease Balance + $ _____________ e.
Acquisition Fee + $ _____________
f. Document Processing Fee (Not a Government Fee) + $ _____________ g.
DMV Electronic Filing Fee (Not a Government Fee) + $ _____________ h. California
Tire Fee + $
_____________
i. ___________________________________________________________________________________ + $ _____________
j
. ___________________________________________________________________________________ + $ _____________
k. ___________________________________________________________________________________ + $ _____________
l. ___________________________________________________________________________________ + $ _____________
m. ___________________________________________________________________________________ + $ _____________
n. ___________________________________________________________________________________ + $ _____________
o. ___________________________________________________________________________________ + $ _____________
p. ___________________________________________________________________________________ + $ _____________
q. ___________________________________________________________________________________ + $ _____________
r. ___________________________________________________________________________________ + $ _____________
s. Gross Capitalized Cost = $
Gross Capitalized Cost Itemization and Other Items
42,288.31
N/A N/A
N/A N/A
N/A N/A
N/A N/A
42,288.31
N/A
N/A
N/A
650.00
85.00 N/A
N/A
TIFF&WEIGHT FEE 248.00
N/AN/A
N/A N/A
N/AN/A
N/A N/A
N/AN/A
N/AN/A
N/AN/A
N/AN/A
N/A N/A
43,271.31
36 10/03/2025
5,000.0015,000.00
30,000.00
UNKNOWN 1234568
CITY REDLANDS (909) 793-0300
N/A
T638977502-DP638977503 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638977502-DP638977503 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:34:07 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
19. Optional Insurance and Other Products
<RXDUHQRWU
HTXLUHGWREX\DQ\RIWKH2SWLRQDO,QVXUDQFHRU2WKHU3URGXFWVOLVWHGEHORZWRHQWHULQWRWKLV/HDVHDQGWKH\DUHQRWD factor in our credit decision. These insurance and other products will not be provided unless the appropriate box is checked, all information LV¿OOHGLQ\RXVLJQEHORZDQG\RXDUHDFFHSWHGE\WKH3URYLGHU%\\RXUVLJQDWXUHEHORZ\RXDJUHHWKDW\RXKDYHUHFHLYHGDQRWLFHRIWKH terms of the insurance or product, and you want to obtain the insurance or product for the premium or charge shown. A portion of the premium or charge shown may be retained by the Lessor (Dealer).
F Optional Credit
Life Insurance
$ ____________,
Beginning Coverage
___________________________________________________,
Provider
$ ____________,
Premium
F Optional Credit
'LVDELOLW\,QVXUDQFH
$ ________________,
Maximum Monthly Coverage
___________________________________________________,
Provider
$
____________,
Premium
F
Optional Service Contract
_________,
_____,
Miles/Coverage Months
___________________________________________________,
Provider
$ ____________,
Premium or Charge
E
E
Lessee
Co-Lessee
D
D
Lessee
Co-Lessee
Lessee
C
Co-Lessee
C
____________________________________________________________________________________ ____________________________________________________________________________________, Insured(s)
____________________________________________________________________________________ ____________________________________________________________________________________, Insured(s)
(VWLPDWHG2IÀFLDO)HHVDQG7D[HV
7KLVLVDQHVWLPDWHRIWKHWRWDODPRXQW\RXZLOOSD\RYHUWKH/HDVH7HUPIRURI¿FLDODQGOLFHQVHIHHVUHJLVWUDWLRQWLWOHDQGWD[HV LQFOXGLQJ
personal property taxes), whether included in your Total Monthly Payment (Section 9.l), the Amount Due at Lease Signing or Delivery (Section 7) RUELOOHGVHSDUDWHO\7KHDFWXDOWRWDORI2I¿FLDO)HHVDQG7D[HVPD\EHKLJKHURUORZHUWKDQWKLVHVWLPDWHGHSHQGLQJRQWKHWD[UDWHVLQHIIHFWRU the value of the Vehicle at the time a fee or tax is assessed. 7KLVHVWLPDWHLVEDVHGRQ\RXUFXUUHQWDGGUHVVDQGPD\LQFUHDVHLI\RXPRYH RULIWD[UDWHVFKDQJH<RXDUHUHVSRQVLEOHIRUSD\LQJDQ\LQFUHDVHV See Section 27 for additional information.
16. Charges for Late/Returned Payments
If we do not receive a full Monthly Payment within 10 days after it is due, you must pay a late payment charge of 5% of the unpaid amount or $10, whichever is greater.
If any payment (including an electronic funds transfer) you make to us is not honored or returned to us for any reason, in addition to any late charges, you may be charged a fee of $25, as permitted by law.
Estimated Total $
18. Warranty
If the Vehicle is a new or a demo Vehicle, the Vehicle is subject to the standard new warranty from the manufacturer. If the Vehicle is used, it is QRWFRYHUHGE\DZDUUDQW\XQOHVVLGHQWL¿HGEHORZ
F Remainder of standard new vehicle warranty from manufacturer F Used vehicle warranty from manufacturer
81/(66:(0$.($:5,77(1:$55$17<25(17(5,172$6(59,&(&2175$&7:,7+,1 '$<6)5207+('$7(2)7+,6/($6(
AND EXCEPT AS STATED IN THE PARAGRAPH IMMEDIATELY ABOVE, OR AS OTHERWISE PROVIDED BY LAW, YOU ARE LEASING THIS 9(+,&/(´$6,6µ7+(5($5(12:$55$17,(6$6727+(9(+,&/(·6&21',7,210(5&+$17$%,/,7< 68,7$%,/,7< 25),71(66 )25$3$57,&8/$5385326(
2,824.98
N/A
N/A
N/A N/A
N/A
N/A N/A
N/A
N/A
N/A
N/A
N/A
N/A N/A
N/AN/A N/A
N/A
N/A N/A
T638977502-DP638977503 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638977502-DP638977503 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:34:07 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
YOUR OBLIGATIONS DURING THIS LEASE
21. Vehicle Maintenance and Damage
You are responsible for all maintenance, repair,
service, and operating expenses of the Vehicle. You agree to keep the Vehicle in the same condition as when you received it, except for reasonable wear, to maintain the Vehicle so that any warranties or similar agreements remain effective and so that it passes all inspections required by law, to follow the owner’s manual and maintenance schedule, and to provide us with written proof of such maintenance. You agree to make the Vehicle available to us for inspection during the Lease Term at any reasonable time and place that we request. 3URKLELWHG8VHVRIWKH9HKLFOHYou agree that you will not, nor permit others to:
a. use the Vehicle in any illegal manner, in violation of your insurance policy, or without the insurance coverage described in Sections 15 and 24; b. alter or install any equipment on or in the Vehicle without our written consent. Any accessions to the Vehicle become our property; c. subject the Vehicle to any lien, seizure or other involuntary transfer; d. use the Vehicle to transport goods or people for hire; H UHPRYHWKH9HKLFOHIURPWKHVWDWHZKHUHLWZDV¿UVWWLWOHGIRUPRUHWKDQGD\VZLWKRXWRXUZULWWHQFRQVHQW
&RPSOHWH$JUHHPHQWRU0RGLÀFDWLRQ
By your signa
ture, you acknowledge that this Lease contains the entire agreement for the Lease of this Vehicle. There are no other agreements.
Any change to this Lease must be in writing, and signed by you and by us.
J
Lessee
J
Co-Lessee
F 2SWLRQDO*XDUDQWHHG$XWRPRELOH3URWHFWLRQ(See Section 31) ___________________________________________________,
Provider
$ ____________,
Premium or Charge
F
Optional Maintenance Agreement
___________________________________________________
,
Provider
$ ____________,
Premium or Charge
F
F
Lessee
Co-Lessee
Lessee
Co-Lessee
G
G
F Optional Excess Wear and Use Protection Plan
___________________________________________________,
Provider
$ ____________,
Premium or Charge
F Optional Tire and Wheel Protection Plan
___________________________________________________
,
Provider
$ ____________,
Premium or Charge
Total Premiums and Charges $
Lessee
Lessee
H
I
Co-Lessee
Co-Lessee
H
I
N/A N/A
N/A
N/A
N/A N/A
N/A
N/A
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N/A
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N/A N/A
N/A
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0.00 N/A
T638977502-DP638977503 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638977502-DP638977503 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:34:07 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
f. take the Vehicle outside the continental United States (except to Canada or Mexico for less than 30 days, if you have our consent and have provided us with proof of insurance);
g. use the Vehicle in a way that causes the cancellation or suspension of any warranty or other similar protection agreement; or h. allow anyone else to regularly use the Vehicle without our written consent. $VVLJQLQJVXEOHDVLQJ SOHGJLQJ
RUSHUPLWWLQJDVHFXULW\LQWHUHVWWREHFUHDWHGLQRULQDQ\RWKHUZD\WUDQVIHUULQJE\\RXRIDQ\LQWHUHVWLQ WKH9HKLFOHRUWKLV/HDVHLVVWULFWO\SURKLELWHG
23. Title and Registration. Legal title to the Vehicle will be in our name and the Vehicle will be registered as we direct. You must promptly pay all title, registration, and license fees.
5HTXLUHG,QVXUDQFH7KHOLPLWVUHTXLUHGXQGHUVWDWHODZPD\QRWEHVXI¿FLHQWIRU\RXUQHHGV6HH\RXULQVXUDQFHSURYLGHUIRUPRUHLQIRUPDWLRQYou PD\REWDLQWKHUHTXLUHGFRYHUDJHVWKURXJKDQ\LQVXUDQFHFRPSDQ\DJHQWRUEURNHU\RXFKRRVHZKLFKLVUHDVRQDEO\DFFHSWDEOHWRXV DQGDXWKRUL]HGWRGREXVLQHVVLQWKHVWDWHZKHUHWKH9HKLFOHLVORFDWHG This insurance may be provided through existing policies that you own or control if it otherwise meets all requirements. The insurance policy must be acceptable to us, name Toyota Lease Trust as additional insured and loss payee, and give us at least 10 days written notice before any cancellation or reduction in coverage. You authorize us to endorse your name(s) on any check or draft from your insurance company for any claim. You must provide us with written proof of this insurance, including a copy of the insurance policy, at any time during the term of this Lease at our request. You agree to release to us all insurance or other proceeds you receive for damages or loss to the Vehicle (including any premium refunds on the Required Insurance) up to the amount you owe us. 1RWLFH
/LDELOLW\LQVXUDQFHFRYHUDJHIRUERGLO\LQMXU\DQGSURSHUW\GDPDJHFDXVHGWRRWKHUVLVQRWLQFOXGHGLQWKLV/HDVH 3D\PHQW2EOLJDWLRQVYou may not change or stop your Monthly Payments for any reason, even if the Vehicle is stolen, destroyed, seized by the government, non-operative, experiences any mechanical problem, or does not perform satisfactorily. We may apply each Monthly Payment and each other payment we receive to past due payments, current payment due, late charges, and other amounts due under this Lease in any order we choose, to the extent permitted by law.
26. Change in Address. You must notify us in writing within 30 days of any change in your address or the address where the Vehicle is garaged. )HHV7D[HVDQG)LQHV<RXPXVWSURPSWO\SD\DOORI¿FLDOIHHVDQGWD[HVUHODWHGWRWKH9HKLFOHDQGWKLV/HDVHLQFOXGLQJWLWOHOLFHQVHDQGUHJLVWUDWLRQ fees, and sales, use, excise and personal property taxes. These amounts may change from time to time based on changes to your address and FKDQJHVLQWD[UDWHV<RXPXVWDOVRSURPSWO\SD\DOORWKHUIHHVDVVHVVPHQWVFKDUJHVFRVWVDQG¿QHV FROOHFWLYHO\³¿QHV´
LQFXUUHGRQWKH9HKLFOHVXFK
DVWUDI¿FWLFNHWVLPSRXQGVWRZLQJFKDUJHVVWRUDJHFKDUJHVDQGWROOYLRODWLRQV6RPHELOOVIRURI¿FLDOIHHVDQGWD[HVPD\EHVHQWWR\RXIRUSD\PHQW Other bills may be paid by us on your behalf and we will charge you the amount billed to us. If you fail to pay any such amount when billed by us or by a third party, and we elect to pay it, you will reimburse us for the amount paid plus a $10 administrative fee per incident, to the extent permitted by law. In connection with these bills, you give us permission to provide information regarding you and this Lease to the billing authority. You must pay all IHHVWD[HVDVVHVVPHQWVFKDUJHVFRVWVDQG¿QHVLQFXUUHGRQWKH9HKLFOHGXULQJWKH/HDVH7 HUPHYHQLIWKH\DUHDVVHVVHGDQGELOOHGDIWHUWKLV/HDVH has ended. We may charge you an estimated amount for any remaining items at the time this Lease ends. You are responsible for any shortage in this estimate, and we will refund you any excess.
:HDUHQRWREOLJDWHGWRDSSO\IRUDQ\UHIXQGRUDEDWHPHQWRIRI¿FLDOIHHVDQGWD[HVLQFOXGLQJSHUVRQDOSURSHUW\WD[HV,I\RXPDNHDZULWWHQUHTXHVW WKDWZHDSSO\IRUDUHIXQGRIDQRI¿FLDOIHHRUWD[WKDW\RXSDLGWRXVWRZKLFK\RXDUHHQWLWOHGZHZLOO¿OHDQDSSOLFDWLRQIRUUHIXQG:HZLOOVHQGDQ\ refund we receive, less all amounts due under this Lease, to you. :HPD\SD\DQ\WLWOHUHJLVWUDWLRQOLFHQVHIHHWD[DVVHVVPHQWFKDUJHFRVWRU¿QHZKLFK\RXIDLOWRSD\DQGFKDUJH\RXWKHDPRXQWSDLG<RXDUH UHVSRQVLEOHIRUDQ\¿QHVRUSHQDOWLHVLI\RXIDLOWRSD\WKHELOOZKHQGXH
28. Default and Remedies. To the extent permitted by law, you will be in default if:
a. you fail to make any payment when it is due;
b. you fail to keep any other agreement in this Lease;
c. you provided false or misleading information when applying for this Lease; d. you become the subject of a bankruptcy or insolvency proceeding; H WKH9HKLFOHLVORVWVWROHQVHL]HGFRQ¿VFDWHGOHYLHGXSRQRUGDPDJHGEH\RQGUHDVRQDEOHUHSDLU
f. you die and there is no surviving co-lessee; or
g. you fail to return the Vehicle by the Scheduled Maturity Date and do not obtain our written consent to extend the Lease Term.
If you are in default, we may do any or all of the following, as permitted by law, after giving any legally required notices, and observing any legally required cure or reinstatement periods:
i. terminate this Lease and your right to use the Vehicle; ii. require you to return the Vehicle by allowing us to pick up the Vehicle or making it available to us at any reasonable time and place we specify; iii. take possession of the Vehicle by legal process or by self help in any manner not prohibited by law; iv. require you to pay the amounts set forth in Section 29; v. take any reasonable action to correct your default or to prevent our loss; vi. pursue any other remedy allowed by law; and
vii. require you to pay all of our reasonable expenses for taking these actions and add the amount of our expenses to the amount you owe us under this Lease, including, but not limited to, expenses for repossession, transportation, storage, collection, and legal costs, including reasonable attorneys’ fees paid to an attorney who is not our salaried employee, as allowed by applicable law.
We or our agent may take possession of personal property left in or on the Vehicle, subject to your right to recover such property, if any. We or our agent may store it for you and you will be responsible to pay for this service. If you do not take possession of the personal property, we or our agent may dispose of it as permitted by law.
T638977502-DP638977503 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638977502-DP638977503 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:34:07 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
ENDING YOUR LEASE
(DUO\7HUPLQDWLRQE\8VWe may terminate this Lease at any time if you are in default (see Section 28). If we do, you must return the Vehicle to us, at any reasonable location we specify. In addition, you must pay us, upon demand, the total of the following amounts:
a. the amounts set forth in Section 28(vii); plus
b. all Monthly Payments that have become due and are unpaid at termination; plus c. all other unpaid amounts then due under this Lease, but not including charges for Excessive Wear and Use and excess mileage (Sections 10 and 34); plus
d. an Early Termination Amount equal to, the difference, if any, between:
(i) the Adjusted Capitalized Cost as disclosed in Section 9(c); and (ii) the sum of (a) all depreciation and other amortized amounts accrued through the date of early termination, calculated in accordance with the FRQVWDQW\LHOGPHWKRGDQG
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e. any remaining Refundable Security Deposit (Section 36) or refund we receive from Optional Insurance or Other Products (Section 38).
The “Realized Value” means one of the following: (1) where the Vehicle is a total loss as a result of a theft or damage, and you maintain the Required Insurance, the amount of any applicable insurance deductible owed by you plus the proceeds of the settlement of the insurance claim, unless we agree to a higher amount; (2) the wholesale appraised value, if you elect to have an appraisal, which you may obtain, at your own expense, from a professional independent appraiser agreed to by you and us (the appraisal must be completed at least three days before the scheduled valuation or disposal date of the Vehicle, as provided by a notice that we will provide to you); (3) if we choose to retain ownership of the Vehicle for use or to lease WKH9HKLFOHWRDVXEVHTXHQWOHVVHHWKHZKROHVDOHYDOXHDVVSHFL¿HGLQWKHFXUUHQWHGLWLRQRIDUHFRJQL]HGXVHGYHKLFOHJXLGHVXFKDV.HOOH\%OXH%RRN RUWKH1$'$2I¿FLDO8VHG&DU*XLGH
RU
XQGHUDOORWKHUFLUFXPVWDQFHVWKHSULFHSDLGIRUWKH9HKLFOHDWGLVSRVLWLRQ (DUO\7HUPLQDWLRQE\<RXYou may terminate this Lease at any time prior to the scheduled end of this Lease. If you terminate this Lease early, are not in default, and do not elect to purchase the Vehicle in accordance with Section 32, you must return the Vehicle to us, at any reasonable location we specify, and you must pay us, upon demand:
a. all Monthly Payments that have become due and are unpaid at termination; plus b. all other unpaid amounts then due under this Lease, but not including charges for Excessive Wear and Use and excess mileage (Sections 10 and 34); plus
c. the Early Termination Amount determined pursuant to Section 29(d) above; minus d. any remaining Refundable Security Deposit (Section 36) or refund we receive from Optional Insurance or Other Products (Section 38).
If you terminate this Lease early, are in default (see Section 28), and do not elect to purchase the Vehicle in accordance with Section 32, you must UHWXUQWKH9HKLFOHWRXVDWDQ\UHDVRQDEOHORFDWLRQZHVSHFLI\DQG\RXPXVWSD\XVXSRQGHPDQGWKHDPRXQWVVSHFL¿HGLQ6HFWLRQ DERYH
Other terms apply if you terminate this Lease and purchase the Vehicle or trade in the Vehicle in connection with the purchase or lease of another vehicle.
(IIHFWRI*XDUDQWHHG$XWRPRELOH3URWHFWLRQRQ(DUO\7HUPLQDWLRQ If the Vehicle is subject to damage or theft resulting in a total loss, and you have purchased and received Guaranteed Automobile Protection in connection with this Lease, and you have met the conditions set forth in the Guaranteed Automobile Protection agreement, then your Early Termination obligations set forth in Sections 29 or 30, as applicable, will not include the charges set forth in Section 29(d), the disposition fee shown in Section 5, and the charges for Excessive Wear and Use and excess mileage (Sections 10 and 34).
32. Your Option to Purchase the Vehicle. You may purchase the Vehicle at any time during this Lease or at the Scheduled Maturity Date (unless a governmental agency has seized the Vehicle and instructed us not to release the Vehicle to you). The price to purchase the Vehicle at the Scheduled Maturity Date is the Purchase Option Price shown in Section 11, plus, the amount described in subsections 32(a), 32(b) and 32(c), below. The price to purchase the Vehicle during the Lease Term is the total of:
a. all unpaid Monthly Payments that have become due, and other amounts due and unpaid under this Lease, except the disposition fee shown in Section 5 and charges for Excessive Wear and Use and excess mileage (Sections 10 and 34); plus, E DOORI¿FLDOIHHVDQGWD[HVDQGGRFXPHQWDU\IHHVFKDUJHGLQFRQQHFWLRQZLWKWKHSXUFKDVH SOXV
c. all amounts necessary to meet any legal selling requirements; plus, d. the difference, if any, between the Adjusted Capitalized Cost as disclosed in Section 9(c) and all depreciation and other amortized amounts accrued through the date of early termination, calculated in accordance with the constant yield method. $V SDUW RI D OLNHNLQG H[FKDQJH SURJUDP 70&& KDV HQJDJHG 74, ([FKDQJH //& ³74,´
DV D TXDOL¿HG LQWHUPHGLDU\ /HVVRU DQG /HVVHH DUH KHUHE\QRWL¿HGWKDW70&&KDVDVVLJQHGWR74,LWVULJKWV EXWQRWLWVREOLJDWLRQV
LQDQ\DJUHHPHQWIRUWKHVDOHRIWKH9HKLFOHDW/HDVHWHUPLQDWLRQ 2EOLJDWLRQVLI<RX'R1RW3XUFKDVHWKH9HKLFOHDWWKH6FKHGXOHG0DWXULW\'DWHAt the Scheduled Maturity Date, you must return the Vehicle to us at any reasonable location we specify, and pay us, upon demand, the following amounts:
a. all Monthly Payments and other amounts due under this Lease, including the disposition fee shown in Section 5; plus E DOORI¿FLDOIHHVDQGWD[HVFKDUJHGLQFRQQHFWLRQZLWKWKLV/HDVHWHUPLQDWLRQ SOXV
c. all Excessive Wear and Use charges described in Section 34; plus d. all excess mileage charges disclosed in Section 10. You will not receive a refund if you do not use all of the mileage set forth in Section 10.
If you keep possession of the Vehicle past the Scheduled Maturity Date, you agree to continue to pay the Monthly Payments. However, continued payment does not cure any default, including a default under Section 28(g), and does not permit you to keep the Vehicle unless you obtain our advance written consent to extend the Lease Term. You agree to pay us any damages we suffer because you failed to return the Vehicle at the end of this Lease.
T638977502-DP638977503 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638977502-DP638977503 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:34:07 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022
CLOSED-END MOTOR VEHICLE LEASE AGREEMENT
CALIFORNIA
34. Excessive Wear and Use Charges. If you do not purchase the Vehicle at any time during this Lease or at the Scheduled Maturity Date, or if you elect to terminate this Lease pursuant to the terms of this Lease and except to the extent paid by the Excess Wear and Use Protection Plan; if you purchased and received that Plan, you are responsible for the estimated cost to repair damage (including diagnostic cost, if any) to the Vehicle which is excessive wear and use (even if we do not repair the Vehicle).
Excessive wear and use may include but is not limited to certain damage such as:
a. inoperative mechanical and electrical parts;
b. damage (including but not limited to, damage to the engine) due to your failure to maintain the Vehicle pursuant to the terms of this Lease; c. damage to the body, lights, trim or paint;
d. damaged, broken or missing glass;
e. torn, damaged or stained interior;
I GDPDJHIURPÀRRGZDWHUKDLORUVDQG
g. damage from removal of equipment or signs placed on the Vehicle; h. missing equipment, parts and accessories, including missing keys or remote entry devices; or i. any wear or damage to any part of the tire that doesn’t allow the tire to meet the manufacturer’s guidelines for safe operation, or any mismatched tire sizes in a set of 5 (or 4 with any emergency spare if the Vehicle was equipped with one). $'',7,21$/,1)250$7,21
35. Communication Consent. <RXDJUHHWKDWZH70&&DQGDQ\DI¿OLDWHVDJHQWVDQGVHUYLFHSURYLGHUVRUDQ\DVVLJQHHVRIWKHIRUHJRLQJ LQGLYLGXDOO\
DQGFROOHFWLYHO\DVDSSOLFDEOHLQWKLV&RPPXQLFDWLRQV&RQVHQWVHFWLRQ³ZH´³RXU´RU³XV´ PD\FDOO\RXOHDYH\RXDYRLFHSUHUHFRUGHGRUDUWL¿FLDO voice message or send you a text, email or other electronic message for any purpose related to your Accounts with us, our products and services, or surveys or research (each a “Communication”). We may include your personal information in a Communication and conduct a Communication using an automated dialing system and any contact information we have for you, including a cell phone number. We will not charge you for a Communication but your service provider may do so. You understand and agree, we may always communicate with you in any manner permissible by law that does not require your consent.
5HIXQGDEOH6HFXULW\'HSRVLWYour security deposit may be used by us to pay amounts that you owe under this Lease. If you elect to purchase your Vehicle, your security deposit may be applied by us to the amount you owe to purchase your Vehicle. Any unused security deposit will be returned to \RXDWWKHHQGRIWKH/HDVH7HUP1RLQWHUHVWLQFUHDVHRUSUR¿WVZLOOEHSDLGWR\RXRQWKHVHFXULW\GHSRVLWXQOHVVUHTXLUHGE\ODZ
37. Assignment. We can assign our interest in this Lease and in the Vehicle without your consent. After you sign this Lease, we will assign it to TLT and you agree to make all payments to TMCC as servicer for TLT.
38. Refund of Optional Insurance or Other Products. If any optional insurance or product included in the Gross Capitalized Cost is cancelled before the end of the Lease Term, or if you are not accepted by the Provider for a requested optional insurance or product, we will credit any refunds to your account.
39. Indemnity. You agree to indemnify us from, and to pay on our behalf, any claim or loss (including damages, costs, expenses and legal fees) which arises from or is related to the possession, condition, use, maintenance or operation of the Vehicle. Any insurance we provide is secondary to the Required Insurance.
40. Credit Information.
You authorize us, at any time, to investigate any information provided on your credit application in order to establish, maintain and collect on this Lease account, including to order one or more credit reports in connection with establishing, maintaining or collecting this Lease account.
You authorize us to provide information concerning your account to credit reporting agencies and others who may lawfully receive such information.
You may notify us if you believe that we have reported any inaccurate information about your Lease account to a consumer reporting agency. Send \RXUZULWWHQQRWLFHGHVFULELQJWKHVSHFL¿FLQDFFXUDFLHVWRXVDWWKHIROORZLQJDGGUHVV 3 2%R[
&HGDU5DSLGV,$
/LDELOLW\Lessee and Co-Lessee are jointly and severally liable. If there is both a Lessee and Co-Lessee signing this Lease, we can release, waive, or delay the enforcement of our rights against one of you, without affecting our rights as to the other one(s).
42. Notices. All Lessee and Co-Lessee correspondence and notices will be sent to the Lessee’s Billing Address shown on this Lease, unless you give us a different address. If the Co-Lessee provides a separate address, delinquency notices will be provided to such address in addition to the Billing Address.
All correspondence and notices will be given solely in TMCC’s name as the servicer, and will be given on behalf of TLT. &KRLFHRI/DZDQG6HYHUDELOLW\You agree that the law of the state in which this Lease is signed applies to this Lease unless prohibited by law. If certain provisions of this Lease violate the law, those provisions will be void, and the rest of this Lease will be enforceable. 1R:DLYHUE\8VIf we delay or refrain from exercising our rights or remedies under this Lease, we do not lose those rights or remedies. If we accept late or partial payments from you, we do not waive our right to receive full and timely payments. We may accept payments with “Payment in Full,” similar language or other restrictive endorsements without being bound by such language or waiving our rights or remedies.
45. Odometer Disclosure Statement. Federal law requires that you disclose the Vehicle’s odometer reading to us upon termination of this Lease or transfer of ownership. Failure to complete an Odometer Disclosure Statement, failure to return it to us, or making a false statement therein, may result LQ¿QHVDQGRULPSULVRQPHQW<RXZLOOEHSURYLGHGDQ2GRPHWHU'LVFORVXUH6WDWHPHQWWRFRPSOHWHSULRUWRWKHWHUPLQDWLRQRIWKLV/HDVH
46. Nonapproval of Credit Application. You have the right to return the vehicle and receive a refund of any payments made if the credit DSSOLFDWLRQLVQRWDSSURYHGXQOHVVQRQDSSURYDOUHVXOWVIURPDQLQFRPSOHWHDSSOLFDWLRQRUIURPLQFRUUHFWLQIRUPDWLRQSURYLGHGE\\RX T638977502-DP638977503 - THIS IS A CUSTOMER REVIEW COPY OF THE UNSIGNED ELECTRONIC FORM HELD BY ROUTEONE LLC.
T638977502-DP638977503 - THIS CUSTOMER REVIEW COPY WAS CREATED ON 10/04/2022 07:34:07 PM GMT
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY
TRUE AND ACCURATE REVIEW COPY - UCC NON-AUTHORITATIVE COPY Redlands Regular Meeting of 11/01/2022