Investor Presentaiton
TMCC Managed Lease Portfolio Residual Loss Experience - Aggregate Portfolio (1) (2)
Total Number of Vehicles Scheduled to Terminate
Total ALG Residuals on Vehicles Scheduled to Terminate
Number of Vehicles Returned to TMCC (3)
(4)
For the Calendar Years Ended
December 31,
2019
2021
2020
454,712
479,174
$8,602,663,675
55,268
$8,996,342,832
185,933
549,909
$10,061,005,205
290,257
2018
2017
521,566
417,523
$9,372,887,926
$7,660,962,912
288,208
220,707
Number of Vehicles Going to Full Term
221,591
290,760
326,435
293,215
219,393
Vehicles Returned to TMCC Ratio
Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC (5)
12.2%
38.8%
52.8%
55.3%
52.9%
$160,325,940
$265,614,400
$403,918,445
$199,052,612
($63,041,052)
Average Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC (5)
$2,901
$1,429
$1,392
$691
($286)
Total ALG Residuals on Vehicles Returned to TMCC
$1,156,122,000
$3,677,196,256
$5,384,755,018
$5,238,378,419
$4,101,976,771
Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC as a Percentage of ALG Residuals of
Returned Vehicles sold by TMCC
13.9%
7.2%
7.5%
3.8%
(1.5%)
Total Gain/(Loss) on ALG Residuals on Vehicles Returned to TMCC as a Percentage of ALG Residuals of
Vehicles Scheduled to Terminate
1.9%
2.9%
4.0%
2.1%
(0.8%)
Average Contract Residual Value as a Percentage of Adjusted MSRP
(6)
Average ALG Residual as a Percentage of Adjusted MSRP
Percentage Difference
(6)
56.2%
58.4%
60.4%
60.2%
59.6%
50.8%
51.3%
51.4%
51.8%
54.2%
5.4%
7.1%
9.0%
8.4%
5.5%
(1) The residual value loss data reported in this table includes all lease contracts purchased by TMCC or the Titling Trust (Toyota Lease Trust). The residual value loss data reported in this table also includes lease contracts that have been sold but are still being serviced by TMCC.
(2) For purposes of this table, the "ALG Residual" for each leased vehicle is equal to the related residual value estimate produced by Automotive Lease Guide at the time of origination of the related lease with average condition and standard mileage (15,000 miles/year) or, if such estimate is unavailable, the related
Contract Residual Value.
(3) Excludes repossessions, charge-offs, and vehicles in inventory, but includes early terminations
(4) Includes all vehicles terminating at scheduled maturity, terminating past scheduled maturity and terminating within 30 days prior to scheduled maturity.
(5) Residual gain/(loss) is net of remarketing expenses, and excess wear and tear and excess mileage collections.
(6) Adjusted MSRP includes value added vehicle adjustments.
Source: Company Reports
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