<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 25, 1997
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Toyota Auto Lease Trust 1997-A
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(Exact name of registrant as specified in its charter)
California 333-26717 33-0755530
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
Toyota Leasing, Inc.
19001 South Western Avenue
Torrance, California 90509
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310) 787-1310
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Exhibit Index is on Page 2
Page 1 of 3
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Item 5. Other Events
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On September 25, 1997, interest collected during the preceding calendar month
as provided for in the 1997-A Securitization Trust Agreement dated as of
September 1, 1997 between Toyota Leasing, Inc. ("TLI"), as "Transferor", and
U.S. Bank National Association ("USBNA"), as "Trustee", and the 1997-A SUBI
Servicing Supplement to the Amended and Restated Trust and Servicing
Agreement, dated October 1, 1996, among TMTT, Inc., as "Titling Trustee",
Toyota Motor Credit Corporation ("TMCC"), as "Servicer", and USBNA, as "Trust
Agent" (the "Agreements"), was allocated to the holders of certificates
representing undivided fractional interests in the Toyota Auto Lease Trust
1997-A (the "Certificateholders"). In accordance with the Agreements, the
Servicer's Certificate, as defined in the Agreements, was furnished to the
Trustee for the benefit of the Certificateholders and was distributed by the
Trustee to the Certificateholders. A copy of the Servicer's Certificate is
filed as Exhibit 20 to this Current Report on Form 8-K.
The net proceeds from the sale of the Class A Certificates (i.e., the proceeds
of the public offering of the Class A Certificates minus expenses relating
thereto) were applied by the Transferor to purchase the SUBI Certificate and
to make the Initial Deposit into the Reserve Fund.
Item 7(c). Exhibits
Exhibit Number Description
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20 Servicer's Certificate for the month of
August, 1997.
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TOYOTA AUTO LEASE TRUST 1997-A
BY: TOYOTA MOTOR CREDIT CORPORATION, AS SERVICER
Date: October 10, 1997 By: /S/ GREGORY WILLIS
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Gregory Willis
Vice President-Finance and Administration
(Principal Accounting Officer)
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Exhibit 20
TOYOTA MOTOR CREDIT CORPORATION
Servicer's Certificate - Toyota Auto Lease Trust 1997-A
Allocation/Distribution Date of September 25, 1997
for the Collection Period of August 1, through August 31, 1997
Preliminary
<TABLE>
Certificate Certificate
Total Percent Balance
<S> <C> <C> <C> <C>
ORIGINAL DEAL PARAMETER
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Discounted Principal Balance 1,231,231,519.20
Aggregate Net Investment Value 1,231,231,519.20
Initial Certificate Balance - 100.00% 1,206,600,000.00
Percent of ANIV 98.00%
Certificate Factor (1) 1.0000000
Certificate Rate
Weighted Average Coupon (WAC) 7.66%
Weighted Average Remaining Term (WAM) 35.8
Servicing Fee Percentage 1.00%
Servicer Advance 2,825,418.78
Servicer Payahead 1,580,862.05
Reserve Fund:
Initial Deposit Amount 30,780,787.98
Specified Reserve Fund Percentage 2.50%
Specified Reserve Fund Amount 30,780,787.98
Trigger Percentage 5.00%
Trigger Amount (2) 61,561,575.96
Certificate Interest Earned 212,145.15
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Principal Distributions/Allocations:
- ------------------------------------
Distribution - Current Period
Allocations - Current Period
Allocations - Not Disbursed Beginning of Period
Allocations - Not Disbursed End of Period
Interest Distributions/Allocations:
- -----------------------------------
Distribution - Current Period
Allocations - Current Period 212,145.15
Allocations - Not Disbursed Beginning of Period -
Allocations - Not Disbursed End of Period 212,145.15
Class A1 Class A1 Class A2 Class A2
Percent Balance Percent Balance
ORIGINAL DEAL PARAMETER
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Discounted Principal Balance
Aggregate Net Investment Value
Initial Certificate Balance 33.98% 410,000,000.00 53.87% 650,000,000.00
Percent of ANIV 33.30% 52.79%
Certificate Factor (1) 1.0000000 1.0000000
Certificate Rate 6.20% 6.35%
Weighted Average Coupon (WAC)
Weighted Average Remaining Term (WAM)
Servicing Fee Percentage
Servicer Advance
Servicer Payahead
Reserve Fund:
Initial Deposit Amount
Specified Reserve Fund Percentage
Specified Reserve Fund Amount
Trigger Percentage
Trigger Amount (2)
Certificate Interest Earned 70,611.11 114,652.78
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Principal Distributions/Allocations:
- ------------------------------------
Distribution - Current Period
Allocations - Current Period
Allocations - Not Disbursed Beginning of Period
Allocations - Not Disbursed End of Period
Interest Distributions/Allocations:
- -----------------------------------
Distribution - Current Period
Allocations - Current Period 70,611.11 114,652.78
Allocations - Not Disbursed Beginning of Period - -
Allocations - Not Disbursed End of Period 70,611.11 114,652.78
<PAGE>
TOYOTA MOTOR CREDIT CORPORATION
Servicer's Certificate - Toyota Auto Lease Trust 1997-A
Allocation/Distribution Date of September 25, 1997
for the Collection Period of August 1, through August 31, 1997
Preliminary
Class A3 Class A3 Class B Class B
Percent Balance Percent Balance
ORIGINAL DEAL PARAMETER
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Discounted Principal Balance
Aggregate Net Investment Value
Initial Certificate Balance 6.03% 72,750,000.00 6.12% 73,850,000.00
Percent of ANIV 5.91% 6.00%
Certificate Factor (1) 1.0000000 1.0000000
Certificate Rate 6.45% 6.75%
Weighted Average Coupon (WAC)
Weighted Average Remaining Term (WAM)
Servicing Fee Percentage
Servicer Advance
Servicer Payahead
Reserve Fund:
Initial Deposit Amount
Specified Reserve Fund Percentage
Specified Reserve Fund Amount
Trigger Percentage
Trigger Amount (2)
Certificate Interest Earned 13,034.38 13,846.88
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Principal Distributions/Allocations:
- ------------------------------------
Distribution - Current Period
Allocations - Current Period
Allocations - Not Disbursed Beginning of Period
Allocations - Not Disbursed End of Period
Interest Distributions/Allocations:
- -----------------------------------
Distribution - Current Period
Allocations - Current Period 13,034.38 13,846.88
Allocations - Not Disbursed Beginning of Period - -
Allocations - Not Disbursed End of Period 13,034.38 13,846.88
Transferor
Interest
Balance
ORIGINAL DEAL PARAMETER
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Discounted Principal Balance
Aggregate Net Investment Value
Initial Certificate Balance 24,631,519.20
Percent of ANIV 2.00%
Certificate Factor (1)
Certificate Rate
Weighted Average Coupon (WAC)
Weighted Average Remaining Term (WAM)
Servicing Fee Percentage
Servicer Advance
Servicer Payahead
Reserve Fund:
Initial Deposit Amount
Specified Reserve Fund Percentage
Specified Reserve Fund Amount
Trigger Percentage
Trigger Amount (2)
Certificate Interest Earned
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Principal Distributions/Allocations:
- ------------------------------------
Distribution - Current Period
Allocations - Current Period
Allocations - Not Disbursed Beginning of Period
Allocations - Not Disbursed End of Period
Interest Distributions/Allocations:
- -----------------------------------
Distribution - Current Period
Allocations - Current Period
Allocations - Not Disbursed Beginning of Period
Allocations - Not Disbursed End of Period
</TABLE>
I hereby certify that the servicing report provided
is true and accurate to the best of my knowledge.
/S/ SYLVIA SHULER
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Sylvia Shuler
Controller - Operations
