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Excellent question -- I believe MLES doesn't take

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Rawnoc   Wednesday, 01/27/10 02:57:06 PM
Re: Knowledge is King post# 24
Post # of 67 
Excellent question -- I believe MLES doesn't take possession of the vehicles for very long if at all as they are just a 3rd party financier I believe that buys vehicles from dealerships and simultaneously leases them out. I would think it's up to the leasee to get the problem fixed with Toyota, but I could be wrong. Any repo'd vehicles by MLES on their inventory that's part of the recall list they would have to get fixed by Toyota but that should be an immaterial expense I believe. I have a call into IR. I didn't find much on the web. One article from a dealer said it wouldn't affect them and another article whined that it would hurt them.

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