Payment Waiver Certificate is valid from March 06, 2012 through July 09, 2012. Lease Agreements and Retail Installment Sales
Contracts must be dated no later than July
09, 2012 and
processed by TFS no later than August
Payment Waiver Program is compatible with most other incentive programs. Please review your respective program
announcements to determine compatibility with this program or confirm
compatibility with your TFS DSSO.
2011/2012/2013 Toyota and Scion vehicle financed or leased through a
participating Toyota and Scion dealership and TFS qualifies for this
offer. Vehicles must be in dealer stock
during the program period. TCUV/SCPO or
Lexus vehicles are not eligible.
Payment Waiver Certificate Conditions and Restrictions and Customer Eligibility
currently leasing a Toyota and Scion vehicle (New or Certified) that has a
24-60 month term with an original maturity date or revised maturity date (excluding
lease extensions) of May 02, 2012 ? October
02, 2012 and who meet certain criteria will receive this offer (i.e.,
lessees that filed bankruptcy over the course of their existing lease are
excluded from this program; lessees that have no unpaid remaining payments are
excluded from this program, as well as lessees with 1Pay contracts or Open- End
leases.) Please note: Not all maturing customers will qualify for
the Payment Waiver Program.
have the choice of either participating in the Payment Waiver Program or
purchasing their lease vehicle. They cannot do both.
3. To redeem
the offer, customers must:
q Obtain credit approval to lease or finance a
new 2011/2012/2013 Toyota and Scion
vehicle from the dealer and TFS; and
from the original lease agreement must
fulfill one of the following:
their Payment Waiver Certificate to the dealership, or
the unique Payment Waiver Certificate Number to the dealership, or
iii. Have the
dealership confirm their eligibility & obtain their unique Payment Waiver
Certificate Number from TFS DSSO or CSC.
q The new
retail installment sales contract or lease agreement cannot be booked without
the corresponding Payment Waiver Certificate Number.
q At least
one customer from the original lease agreement must enter into a retail
installment sales contract or lease agreement for a new 2011/2012/2013 Toyota and
Scion vehicle assigned to TFS.
have the option to purchase a customer's lease vehicle through this
program. In order to purchase a vehicle,
they must do so via Dealer Direct, and will pay the Payoff Price or the Market
Based Price (whichever is less). The
Payoff Price quote in (Dealer Direct) is available following the completion of
the vehicle grounding process and throughout the dealer's exclusivity purchase
time period. The Residual Purchase option is not available under this program. See the Dealer Instructions section for