It's in the contract
The over-miles charge on a lease
.15/ mile
What is one component you need to know to calculate a lease
Residual value, moneyfactor, gross cap cost, miles per year etc
The system that pulsates the brakes to keep the vehicle from getting into a slide
ABS
What is the name of the system that attempts to bring the vehicle to a stop to avoid a front end collision?
Pre-Collision System
How many keys are covered in Toyota's TWK coverage?
Unlimited instances (up to $800/instance)
What is the clause in the contract that allows the lender to choose to try to resolve a dispute out of court.
Arbitration clause
What is the value the bank puts on a car at the end of the lease term
Residual value
Brake Assist
The system that lights up an icon in the side mirror when a vehicle is passing.
Blind spot detection
Brake pads, wiper blades, alignment, battery, belts and hoses, bulbs and fuses, exterior lamp assembly
The amount you will pay in interest if every payment is paid on time and in the exact amount.
When is the first payment due on a lease with TFS or MFS?
At signing
The system that allows the brakes to override throttle input
Smart Stop Technology
The system that will slow a vehicle down to match the speed of the vehicle in front of them
Dynamic radar cruise control
Up to what deductible is covered by Toyota GAP
$1000
The government regulation that dictates what must be disclosed to customers in a finance contract.
Reg Z/ Truth in lending disclosure
The lease charge the bank gets in the place of an interest rate
Moneyfactor
The system that can reduce engine output and applies brakes to wheels that are slipping
Vehicle stability control
What system can detect traffic passing by while you are backing?
How much excess wear and use is waived when a customer has EWU on their vehicle?
5 instances of up to $1000/ea
What figures factor into the total amount financed on a finance contract.
Selling price, taxes, fees, trade in, rebates, protection options
When you add selling price, taxes and fees, optional product and acquisition fee together you get this.
Gross Cap Cost
The system that can sense a wheel spinning faster than the wheel on the opposite side of the vehicle
Traction control system
The system that helps the vehicle stay centered in its lane
Lane Trace Assist
If you are more than 150 miles from home how much will you receive to reimburse for lodging and meals
$100 per day