|
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Exhibit 20
TOYOTA MOTOR CREDIT CORPORATION
Servicer's CertificateToyota Auto Lease Trust 1998-B
Distribution Date of December 26, 2000 for the Collection Period of November 1, 2000 through November 30, 2000
Pool DataOriginal Deal Parameters | ||||
Aggregate Net Investment Value (ANIV) | 1,099,937,045.30 | |||
Discounted Principal Balance | 1,099,937,045.30 | |||
Servicer Advance | 2,144,779.34 | |||
Servicer Payahead | 3,039,194.68 | |||
Number of Contracts | 49,144 | |||
Weighted Average Lease Rate | 7.74 | % | ||
Weighted Average Remaining Term | 38.7 | |||
Servicing Fee Percentage | 1.00 | % |
Pool DataCurrent Month | ||||
Aggregate Net Investment Value | 726,335,255.32 | |||
Discounted Principal Balance | 703,345,704.49 | |||
Servicer Advances | 3,211,875.52 | |||
Servicer Pay Ahead Balance | 2,869,720.34 | |||
Maturity Advances Outstanding | | |||
Number of Current Contracts | 42,822 | |||
Weighted Average Lease Rate | 7.51 | % | ||
Weighted Average Remaining Term | 5.9 |
Reserve Fund | ||||
Initial Deposit Amount | 41,247,639.20 | |||
Specified Reserve Fund Percentage | 9.630 | % | ||
Specified Reserve Fund Amount | 105,923,937.46 |
Class A | Class B | Total | ||||||||
Amount | Amount | Amount | ||||||||
Beginning Balance | 104,850,867.46 | 1,073,070.00 | 105,923,937.46 | |||||||
Withdrawal Amount | | | | |||||||
Cash Capital Contribution | | | ||||||||
Transferor Excess | 1,006,244.87 | 1,006,244.87 | ||||||||
Reserve Fund Balance Prior to Release | 105,857,112.33 | 1,073,070.00 | 106,930,182.33 | |||||||
Specified Reserve Fund Balance | 104,850,867.46 | 1,073,070.00 | 105,923,937.46 | |||||||
Release to Transferor | 1,006,244.87 | | 1,006,244.87 | |||||||
Ending Reserve Fund Balance | 104,850,867.46 | 1,073,070.00 | 105,923,937.46 | |||||||
Prior Cumulative Withdrawal Amount | | | | |||||||
Cumulative Withdrawal Amount | | | |
TOYOTA MOTOR CREDIT CORPORATION
Servicer's CertificateToyota Auto Lease Trust 1998-B
Distribution Date of December 26, 2000 for the Collection Period of November 1, 2000 through November 30, 2000
Liquidation of Charge-offs and Repossessions
Vehicles | |||||||
Liquidated Contracts | 130 | ||||||
Discounted Principal Balance | 2,326,154.84 | ||||||
Net Liquidation Proceeds | (1,967,722.22 | ) | |||||
RecoveriesPreviously Liquidated Contracts | (14,285.55 | ) | |||||
Aggregate Credit Losses for the Collection Period | 344,147.07 | ||||||
Cumulative Credit Losses for all Periods | 10,311,300.21 | ||||||
Repossessed in Current Period | 58 |
Ratio of Net Credit Losses to the Average Pool Balance for Each Collection Period: | Annualized Average Charge-Off Rate | |||
Second Preceding Collection Period | 0.52 | % | ||
First Preceding Collection Period | 0.55 | % | ||
Current Collection Period | 0.56 | % |
Condition (i) (Charge-off Rate) | ||||
Three Month Average | 0.54 | % | ||
Charge-off Rate Indicator ( > 1.25%) | condition not met |
______________
* | Revised |
Delinquent Contracts
Percent | Accounts | Percent | ANIV | ||||||||||
31-60 Days Delinquent | 2.49 | % | 1068 | 2.27 | % | 16,514,920.90 | |||||||
61-90 Days Delinquent | 0.21 | % | 88 | 0.19 | % | 1,383,852.33 | |||||||
Over 90 Days Delinquent | 0.06 | % | 26 | 0.06 | % | 429,006.70 | |||||||
Total Delinquencies | 1,182 | 18,327,779.93 | |||||||||||
Ratio of Number of Contracts Delinquent 60 Days or More to the Outstanding Number of Receivables as of Each Collection Period (Includes Repossessions) |
||||
Second Preceding Collection Period | 0.22 | % | ||
First Preceding Collection Period | 0.21 | % | ||
Current Collection Period | 0.27 | % |
Condition (ii) (Delinquency Percentage) | ||||
Three Month Average | 0.23 | % | ||
Delinquency Percentage Indicator ( > 1.25%) | condition not met |
TOYOTA MOTOR CREDIT CORPORATION
Servicer's CertificateToyota Auto Lease Trust 1998-B
Distribution Date of December 26, 2000 for the Collection Period of November 1, 2000 through November 30, 2000
Residual Value (Gain) Loss
Vehicles | |||||||
Matured Lease Vehicle Inventory Sold | 227 | 3,533,405.53 | |||||
Net Liquidation Proceeds | (2,937,115.34 | ) | |||||
Net Residual Value (Gain) Loss | 596,290.19 | ||||||
Cumulative Residual Value (Gain) Loss all periods | 3,805,717.00 | ||||||
Matured Vehicles Sold for each Collection Period
Number Sold | Scheduled Maturities | Sale Ratio | Average Net Liquidation Proceeds |
Average Residual Value |
||||||||||||
Second Preceding Collection Period | 158 | 42 | 100.00 | % | 13,328.59 | 14,538.32 | ||||||||||
First Preceding Collection Period | 151 | 35 | 100.00 | % | 13,363.99 | 14,978.17 | ||||||||||
Current Collection Period | 227 | 82 | 100.00 | % | 12,938.83 | 15,734.08 | ||||||||||
Three Month Average | 13,173.50 | 15,168.65 | ||||||||||||||
|
||||||||||||||||
Ratio of Three Month Average Net Liquidation Proceeds to Average Residual Value |
86.85 | % | ||||||||||||||
|
Condition (iii) (Residual Value Test)
Current Period Amount/Ratio | Test Met? | ||||||
a) Number of Vehicles Sold > 25% of Scheduled Maturities | 100.00 | % | YES | ||||
b) Number of Scheduled Maturities > 500 | 82 | NO | |||||
c) 3 Month Average Matured Leased Vehicle Proceeds <75% of Avg. Residual Values |
86.85 | % | NO | ||||
Residual Value Indicator (condition met if tests a, b and c = YES) | condition not met |
TOYOTA MOTOR CREDIT CORPORATION
Servicer's CertificateToyota Auto Lease Trust 1998-B
Distribution Date of December 26, 2000 for the Collection Period of November 1, 2000 through November 30, 2000
Certificate Balance | Class A1 | ||||||||||||
Total | Percent | Balance | Balance | ||||||||||
Interest: | 98.00 | % | |||||||||||
Interest Collections | 6,340,405.55 | ||||||||||||
Net Investment Income | 50,619.86 | ||||||||||||
Non-recoverable Advances | (79,806.80 | ) | |||||||||||
Available Interest | 6,311,218.61 | 6,163,075.92 | | ||||||||||
Class A1, A2, A3 Notional Interest Accrual Amount | (3,053,291.66 | ) | (3,053,291.66 | ) | | ||||||||
Unreimbursed A1, A2, A3 Interest Shortfall | | | | ||||||||||
Interest Accrual for Adjusted Class B Certificate Bal. | (390,478.25 | ) | (390,478.25 | ) | |||||||||
Class B Interest Carryover Shortfall | | | |||||||||||
Servicer's Fee | (630,746.57 | ) | (615,821.40 | ) | |||||||||
Capped Expenses | (28,408.14 | ) | (27,735.93 | ) | |||||||||
Interest Accrual on Class B. Cert. Prin. Loss Amt. | | | |||||||||||
Uncapped Expenses | | | |||||||||||
Total Unallocated Interest | 2,208,293.99 | 2,075,748.68 | |||||||||||
Excess Interest to Transferor | | (2,075,748.68 | ) | ||||||||||
Net Interest Collections Available | 2,208,293.99 | | |||||||||||
Losses Allocable to Investors' Certificates: | (918,183.97 | ) | |||||||||||
Accelerated Principal Distribution: | (151,319.84 | ) | |||||||||||
Deposit to Reserve Fund: | 1,006,244.87 | ||||||||||||
Withdrawal from Reserve Fund: | | ||||||||||||
Reimbursement/Deposit from Transferor Prin: | | ||||||||||||
Net withdrawal from the Reserve Fund: | | ||||||||||||
Principal: | |||||||||||||
Current Loss Amount | (940,437.26 | ) | (918,183.97 | ) | | ||||||||
Loss Reimbursement from Transferor | 918,183.97 | 918,183.97 | | ||||||||||
Loss Reimbursement from Reserve Fund | | | | ||||||||||
Total | (22,253.29 | ) | | | |||||||||
Class A Certificate Principal Loss Amounts | |||||||||||||
Beginning Balance | | ||||||||||||
Current increase (decrease) | | ||||||||||||
Ending Balance | | ||||||||||||
Class A Interest Subordinated | |||||||||||||
Beginning Balance | | ||||||||||||
Current increase (decrease) | | ||||||||||||
Ending Balance | | ||||||||||||
Class B Certificate Principal Loss Amounts | |||||||||||||
Beginning Balance | | ||||||||||||
Current increase (decrease) | | ||||||||||||
Ending Balance | | ||||||||||||
Class B Interest Subordinated: | |||||||||||||
Beginning Balance | | ||||||||||||
Current increase (decrease) | | ||||||||||||
Ending Balance | | ||||||||||||
Principal Distributions/Allocations: | |||||||||||||
DistributionCurrent Period | 592,403.82 | | | ||||||||||
AllocationsCurrent Period | 29,945,971.08 | 29,945,971.08 | | ||||||||||
AllocationsAccelerated Principal Distribution | 151,319.84 | 151,319.84 | | ||||||||||
AllocationsNot Disbursed Beginning of Period | 3,952,319.02 | 3,952,319.02 | | ||||||||||
AllocationsNot Disbursed End of Period | 34,049,609.94 | 34,049,609.94 | | ||||||||||
Interest Distributions/Allocations: | |||||||||||||
DistributionCurrent Period | 1,138,790.18 | | | ||||||||||
AllocationsCurrent Period | 3,443,769.91 | 3,443,769.91 | | ||||||||||
AllocationsNot Disbursed Beginning of Period | 6,887,539.82 | 6,887,539.82 | | ||||||||||
AllocationsNot Disbursed End of Period | 10,331,309.73 | 10,331,309.73 | | ||||||||||
Due To TrustCurrent Period: | | ||||||||||||
Total Deposit to/ (Withdrawal from) Reserve Fund | | ||||||||||||
Due To Trust | 35,221,634.97 | 33,490,440.97 | | ||||||||||
Total Due To Trust | 35,221,634.97 | 33,490,440.97 | |
TOYOTA MOTOR CREDIT CORPORATION
Servicer's CertificateToyota Auto Lease Trust 1998-B
Distribution Date of December 26, 2000 for the Collection Period of November 1, 2000 through November 30, 2000
Transferor Interest | ||||||||||||||||
Class A2 | Class A3 | Class B | ||||||||||||||
Balance | Balance | Balance | Interest | Principal | ||||||||||||
Interest: | 2.00 | % | ||||||||||||||
Interest Collections | ||||||||||||||||
Net Investment Income | ||||||||||||||||
Non-recoverable Advances | ||||||||||||||||
Available Interest | 4,769,938.61 | 799,690.58 | 593,446.73 | 148,142.69 | ||||||||||||
Class A1, A2, A3 Notional Interest Accrual Amount | (2,611,458.33 | ) | (441,833.33 | ) | ||||||||||||
Unreimbursed A1, A2, A3 Interest Shortfall | | | ||||||||||||||
Interest Accrual for Adjusted Class B Certificate Bal. | (390,478.25 | ) | ||||||||||||||
Class B Interest Carryover Shortfall | | |||||||||||||||
Servicer's Fee | (14,925.17 | ) | ||||||||||||||
Capped Expenses | (672.21 | ) | ||||||||||||||
Interest Accrual on Class B. Cert. Prin. Loss Amt. | | |||||||||||||||
Uncapped Expenses | | |||||||||||||||
Total Unallocated Interest | 132,545.31 | |||||||||||||||
Excess Interest to Transferor | 2,075,748.68 | |||||||||||||||
Net Interest Collections Available | 2,208,293.99 | |||||||||||||||
Losses Allocable to Investors' Certificates: | (918,183.97 | ) | ||||||||||||||
Accelerated Principal Distribution: | (151,319.84 | ) | ||||||||||||||
Deposit to Reserve Fund: | 1,138,790.18 | |||||||||||||||
Withdrawal from Reserve Fund: | ||||||||||||||||
Reimbursement/Deposit from Transferor Prin: | ||||||||||||||||
Net withdrawal from the Reserve Fund: | ||||||||||||||||
Principal: | ||||||||||||||||
Current Loss Amount | (918,183.97 | ) | | | (22,253.29 | ) | ||||||||||
Loss Reimbursement from Transferor | 918,183.97 | | | (918,183.97 | ) | |||||||||||
Loss Reimbursement from Reserve Fund | | | | |||||||||||||
Total | | | | (22,253.29 | ) | |||||||||||
Class A Certificate Principal Loss Amounts |
||||||||||||||||
Beginning Balance | ||||||||||||||||
Current increase (decrease) | ||||||||||||||||
Ending Balance | ||||||||||||||||
Class A Interest Subordinated | ||||||||||||||||
Beginning Balance | ||||||||||||||||
Current increase (decrease) | ||||||||||||||||
Ending Balance | ||||||||||||||||
Class B Certificate Principal Loss Amounts |
||||||||||||||||
Beginning Balance | ||||||||||||||||
Current increase (decrease) | ||||||||||||||||
Ending Balance | ||||||||||||||||
Class B Interest Subordinated: | ||||||||||||||||
Beginning Balance | ||||||||||||||||
Current increase (decrease) | ||||||||||||||||
Ending Balance | ||||||||||||||||
Principal Distributions/Allocations: | ||||||||||||||||
DistributionCurrent Period | | | | 592,403.82 | ||||||||||||
AllocationsCurrent Period | 29,945,971.08 | | | |||||||||||||
AllocationsAccelerated Principal Distribution | 151,319.84 | | | |||||||||||||
AllocationsNot Disbursed Beginning of Period | 3,952,319.02 | | | |||||||||||||
AllocationsNot Disbursed End of Period | 34,049,609.94 | | | |||||||||||||
Interest Distributions/Allocations: | ||||||||||||||||
DistributionCurrent Period | | | | 1,138,790.18 | ||||||||||||
AllocationsCurrent Period | 2,611,458.33 | 441,833.33 | 390,478.25 | |||||||||||||
AllocationsNot Disbursed Beginning of Period | 5,222,916.66 | 883,666.66 | 780,956.50 | |||||||||||||
AllocationsNot Disbursed End of Period | 7,834,374.99 | 1,325,499.99 | 1,171,434.75 | |||||||||||||
Due To TrustCurrent Period: | ||||||||||||||||
Total Deposit to/ (Withdrawal from) Reserve Fund | ||||||||||||||||
Due To Trust | 32,669,571.80 | 435,265.14 | 385,604.03 | 1,138,790.18 | 592,403.82 | |||||||||||
Total Due To Trust | 32,669,571.80 | 435,265.14 | 385,604.03 | 1,138,790.18 | 592,403.82 |
TOYOTA MOTOR CREDIT CORPORATION
Servicer's CertificateToyota Auto Lease Trust 1998-B
Distribution Date of December 26, 2000 for the Collection Period of November 1, 2000 through November 30, 2000
Certificate Balance |
Class A1 |
|||||||||||||||
Total |
Percent |
Balance |
Percent |
Balance |
||||||||||||
Original Deal Parameter |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aggregate Net Investment Value (ANIV) |
|
|
1,099,937,045.30 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Discounted Principal Balance |
|
|
1,099,937,045.30 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Initial Notional/Certificate Balance |
|
|
|
|
|
100.00 |
% |
|
1,077,938,000.00 |
|
|
31.08 |
% |
|
335,000,000.00 |
|
Percent of ANIV |
|
|
|
|
|
|
|
|
98.00 |
% |
|
|
|
|
30.46 |
% |
Certificate Factor |
|
|
|
|
|
|
|
|
1.0000000 |
|
|
|
|
|
1.0000000 |
|
Notional/Certificate Rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.3500 |
% |
Target Maturity Date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
October 25, 2000 |
|
Servicer Advance |
|
|
2,144,779.34 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Servicer Payahead |
|
|
3,039,194.68 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of Contracts |
|
|
49,144 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Lease Rate |
|
|
7.74 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Remaining Term |
|
|
38.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Servicing Fee Percentage |
|
|
1.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pool Data Prior Month |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aggregate Net Investment Value |
|
|
756,895,883.51 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Maturity Advances Outstanding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ANIV Net of Maturity Advance ** |
|
|
756,895,883.51 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Discounted Principal Balance |
|
|
747,585,322.31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Notional/Certificate Balance |
|
|
|
|
|
|
|
|
742,938,000.00 |
|
|
|
|
|
|
|
Adjusted Notional/Certificate Balance |
|
|
|
|
|
|
|
|
738,985,680.98 |
|
|
|
|
|
|
|
Percent of ANIV |
|
|
|
|
|
|
|
|
97.63 |
% |
|
|
|
|
0.00 |
% |
Certificate Factor |
|
|
|
|
|
|
|
|
1.0000000 |
|
|
|
|
|
|
|
Servicer Advances |
|
|
3,068,376.81 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Servicer Pay Ahead Balance |
|
|
3,111,209.96 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of Current Contracts |
|
|
44,095 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Lease Rate |
|
|
7.51 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Remaining Term |
|
|
6.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pool Data Current Month |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aggregate Net Investment Value |
|
|
726,335,255.32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Maturity Advances Outstanding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ANIV Net of Maturity Advance ** |
|
|
726,335,255.32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Discounted Principal Balance |
|
|
703,345,704.49 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Notional/Certificate Balance |
|
|
|
|
|
|
|
|
742,938,000.00 |
|
|
|
|
|
0.00 |
|
Adjusted Notional/Certificate Balance |
|
|
|
|
|
|
|
|
708,888,390.06 |
|
|
|
|
|
0.00 |
|
Percent of ANIV |
|
|
|
|
|
|
|
|
97.60 |
% |
|
|
|
|
0.00 |
% |
Certificate Factor |
|
|
|
|
|
|
|
|
1.0000000 |
|
|
|
|
|
|
|
Servicer Advances |
|
|
3,211,875.52 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Servicer Pay Ahead Balance |
|
|
2,869,720.34 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of Current Contracts |
|
|
42,822 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Lease Rate |
|
|
7.51 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Remaining Term |
|
|
5.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Prior Certificate Interest Payment Date |
|
|
September 25, 2000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Next Certificate Interest Payment Date |
|
|
March 26, 2001 |
|
|
|
|
|
|
|
|
|
|
|
|
|
TOYOTA MOTOR CREDIT CORPORATION
Servicer's CertificateToyota Auto Lease Trust 1998-B
Distribution Date of December 26, 2000 for the Collection Period of November 1, 2000 through November 30, 2000
Class A2 | Class A3 | Class B | Transferor Interest | |||||||||||||||||||
Percent | Balance | Percent | Balance | Percent | Balance | Balance | ||||||||||||||||
Original Deal Parameter | ||||||||||||||||||||||
Aggregate Net Investment Value (ANIV) | ||||||||||||||||||||||
Discounted Principal Balance | ||||||||||||||||||||||
Initial Notional/Certificate Balance | 53.34 | % | 575,000,000.00 | 8.94 | % | 96,400,000.00 | 6.64 | % | 71,538,000.00 | 21,999,045.30 | ||||||||||||
Percent of ANIV | 52.28 | % | 8.76 | % | 6.50 | % | 2.00 | % | ||||||||||||||
Certificate Factor | 1.0000000 | 1.0000000 | 1.0000000 | |||||||||||||||||||
Notional/Certificate Rate | 5.4500 | % | 5.5000 | % | 6.5500 | % | ||||||||||||||||
Target Maturity Date | September 25, 2001 | February 25, 2002 | September 25, 2003 | |||||||||||||||||||
Servicer Advance | ||||||||||||||||||||||
Servicer Payahead | ||||||||||||||||||||||
Number of Contracts | ||||||||||||||||||||||
Weighted Average Lease Rate | ||||||||||||||||||||||
Weighted Average Remaining Term | ||||||||||||||||||||||
Servicing Fee Percentage | ||||||||||||||||||||||
Pool Data Prior Month | ||||||||||||||||||||||
Aggregate Net Investment Value | ||||||||||||||||||||||
Maturity Advances Outstanding | ||||||||||||||||||||||
ANIV Net of Maturity Advance ** | ||||||||||||||||||||||
Discounted Principal Balance | ||||||||||||||||||||||
Notional/Certificate Balance | 575,000,000.00 | 96,400,000.00 | 71,538,000.00 | 17,910,202.53 | ||||||||||||||||||
Adjusted Notional/Certificate Balance | 571,047,680.98 | 96,400,000.00 | 71,538,000.00 | 17,910,202.53 | ||||||||||||||||||
Percent of ANIV | 75.45 | % | 12.74 | % | 9.45 | % | 2.37 | % | ||||||||||||||
Certificate Factor | 1.0000000 | 1.0000000 | 1.0000000 | |||||||||||||||||||
Servicer Advances | ||||||||||||||||||||||
Servicer Pay Ahead Balance | ||||||||||||||||||||||
Number of Current Contracts | ||||||||||||||||||||||
Weighted Average Lease Rate | ||||||||||||||||||||||
Weighted Average Remaining Term | ||||||||||||||||||||||
Pool Data Current Month | ||||||||||||||||||||||
Aggregate Net Investment Value | ||||||||||||||||||||||
Maturity Advances Outstanding | ||||||||||||||||||||||
ANIV Net of Maturity Advance ** | ||||||||||||||||||||||
Discounted Principal Balance | ||||||||||||||||||||||
Notional/Certificate Balance | 575,000,000.00 | 96,400,000.00 | 71,538,000.00 | 17,446,865.26 | ||||||||||||||||||
Adjusted Notional/Certificate Balance | 540,950,390.06 | 96,400,000.00 | 71,538,000.00 | 17,446,865.26 | ||||||||||||||||||
Percent of ANIV | 74.48 | % | 13.27 | % | 9.85 | % | 2.40 | % | ||||||||||||||
Certificate Factor | 1.0000000 | 1.0000000 | 1.0000000 | |||||||||||||||||||
Servicer Advances | ||||||||||||||||||||||
Servicer Pay Ahead Balance | ||||||||||||||||||||||
Number of Current Contracts | ||||||||||||||||||||||
Weighted Average Lease Rate | ||||||||||||||||||||||
Weighted Average Remaining Term | ||||||||||||||||||||||
Prior Certificate Interest Payment Date | ||||||||||||||||||||||
Next Certificate Interest Payment Date |
______________
** | Strictly for purposes of calculating Transferors Interest. | ||
TOYOTA MOTOR CREDIT CORPORATION
Servicer's CertificateToyota Auto Lease Trust 1998-B
Distribution Date of December 26, 2000 for the Collection Period of November 1, 2000 through November 30, 2000
Current Month Collection Activity
Vehicles | |||||||
Principal Collections | 9,244,459.20 | ||||||
Prepayments in Full | 898 | 15,192,309.00 | |||||
Reallocation Payment | 18 | 264,299.62 | |||||
Interest Collections | 6,340,405.55 | ||||||
Net Liquidation Proceeds and Recoveries | 1,982,007.77 | ||||||
Net Liquidation ProceedsVehicle Sales | 2,937,115.34 | ||||||
Non-Recoverable Advances | (79,806.80 | ) | |||||
Total Available | 35,880,789.68 |
Amount | Annual Amount | ||||||
Capped and Uncapped Expenses: | |||||||
Total Capped Expenses Paid | 28,408.14 | 312,489.54 | |||||
Total Uncapped Expenses Paid | | | |||||
Capped and Uncapped Expenses Due | | | |||||
Servicer's Fee Due: | |||||||
Servicer's Fee Shortfall Carryforward | | ||||||
Servicer's Fee Due Current Period | 630,746.57 | ||||||
Servicer's Fee Paid | 630,746.57 | ||||||
Servicer's Fee Balance Due | | ||||||
Supplemental Servicer's Fees | 83,655.67 |
Revolving Period
Vehicles | Amount | ||||||
Beginning Unreinvested Principal Collections | | ||||||
Principal Collections & Liquidated Contracts | | ||||||
Allocation to Subsequent Contracts | 0 | | |||||
Ending Unreinvested Principal Collections | |
I hereby certify to the best of my knowledge that the report provided is true and correct.
/s/ ROBERT WOODIE | |||
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Robert Woodie National Treasury Manager |
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