Toyota Auto Receivables 2023-D Owner Trust
07/29/2024 | Press release | Distributed by Public on 07/29/2024 09:05
Asset Backed Issuer Distribution Report Form 10 D
Servicer's Certificate
for the Collection Period June 01, 2024 through June 30, 2024
for Payment Date of July 15, 2024
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
30 |
30/360 Days |
30 | ||||
|
Interest Accrual Period |
28 |
Actual/360 Days |
28 |
| Class |
Initial Principal Balance |
Final Scheduled Payment Date |
Beginning Principal Balance |
Beginning Principal Factor |
First Priority Principal Distribution Amount |
Second Priority Principal Distribution Amount |
Regular Principal Distribution Amount |
Ending Principal Balance |
Ending Principal Factor |
|||||||||||||||||||||||||||
| A-1 | $310,000,000.00 | 11/15/24 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2a | $312,300,000.00 | 11/16/26 | $284,108,920.79 | 0.9097308 | $0.00 | $13,015,829.78 | $6,800,012.34 | $264,293,078.67 | 0.8462795 | |||||||||||||||||||||||||||
| A-2b | $312,300,000.00 | 11/16/26 | $284,108,920.80 | 0.9097308 | $0.00 | $13,015,829.78 | $6,800,012.35 | $264,293,078.67 | 0.8462795 | |||||||||||||||||||||||||||
| A-3 | $554,400,000.00 | 8/15/28 | $554,400,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $554,400,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| A-4 | $71,000,000.00 | 3/15/29 | $71,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $71,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $40,000,000.00 | 6/17/30 | $40,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $40,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| Total | $1,600,000,000.00 | $1,233,617,841.59 | $0.00 | $26,031,659.56 | $13,600,024.69 | $1,193,986,157.34 | 0.7462413 | |||||||||||||||||||||||||||||
| Class | Interest Rate |
Interest Distributable Amount |
Prior Interest Carryover |
Interest Distribution Amount |
Current Interest Carryover |
Total Principal & Interest Distribution |
||||||||||||||||||||
| A-1 | 5.60400% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2a | 5.80000% | $1,373,193.12 | $0.00 | $1,373,193.12 | $0.00 | $21,189,035.24 | ||||||||||||||||||||
| A-2b | 5.88303% | $1,299,994.35 | $0.00 | $1,299,994.35 | $0.00 | $21,115,836.48 | ||||||||||||||||||||
| A-3 | 5.54000% | $2,559,480.00 | $0.00 | $2,559,480.00 | $0.00 | $2,559,480.00 | ||||||||||||||||||||
| A-4 | 5.49000% | $324,825.00 | $0.00 | $324,825.00 | $0.00 | $324,825.00 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
| Total | $5,557,492.47 | $0.00 | $5,557,492.47 | $0.00 | $45,189,176.72 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,000,007.26 |
Beginning Period Amount |
$117,035,668.93 | |||||||
|
Specified Reserve Account Amount |
$4,000,007.26 |
Increase/(Decrease) |
$(6,044,821.27 | ) | ||||||
|
Beginning Balance |
$4,000,007.26 |
Ending Period Amount |
$110,990,847.66 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$18,224,403.76 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,000,007.26 |
Adjusted Pool Balance |
$1,207,586,182.03 | |||||||
|
Reserve Account Required Amount |
$4,000,007.26 |
Total Note Balance |
$1,193,986,157.34 | |||||||
|
Reserve Account Release to Seller |
$0.00 |
Ending Overcollateralization Amount |
$13,600,024.69 | |||||||
|
Ending Reserve Account Balance |
$4,000,007.26 |
Overcollateralization Target Amount |
$13,600,024.69 |
Page 1 of 5
Servicer's Certificate
for the Collection Period June 01, 2024 through June 30, 2024
for Payment Date of July 15, 2024
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
30 |
30/360 Days |
30 | ||||
|
Interest Accrual Period |
28 |
Actual/360 Days |
28 |
Liquidations of Charge-offs and Repossessions
| Cumulative | ||||||||||||||||||||
| Current Period Only | Current Period | Prior Period | Two Periods Prior | Three Periods Prior | ||||||||||||||||
|
Number of Liquidated Receivables |
30 | 180 | 150 | 120 | 87 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$768,463.08 | $4,975,089.00 | $4,206,625.92 | $3,588,718.62 | $2,587,800.17 | |||||||||||||||
|
Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(81,224.60 | ) | $(81,224.60 | ) | $(81,224.60 | ) | $(33,888.72 | ) | |||||||||||
|
Net Liquidation Proceeds Received During the Collection Period |
$(96,883.53 | ) | $(875,474.26 | ) | $(778,590.73 | ) | $(654,359.13 | ) | $(508,064.81 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(314,435.57 | ) | $(1,146,701.63 | ) | $(832,266.06 | ) | $(497,275.46 | ) | $(294,478.98 | ) | ||||||||||
|
Net Credit Losses |
$357,143.98 | $2,871,688.51 | $2,514,544.53 | $2,355,859.43 | $1,751,367.66 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.27520% | 0.22934% | 0.18347% | 0.13302% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
161 | 129 | 105 | 69 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.18835% | 0.16219% | 0.14939% | 0.10918% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
169 | 142 | 114 | 84 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$2,875,566.94 | $2,518,134.99 | $2,358,188.18 | $1,752,971.74 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$17,015.19 | $17,733.35 | $20,685.86 | $20,868.71 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.16185% | 0.14173% | 0.13278% | 0.09871% | ||||||||||||||||
|
Repossessed in Current Period |
12 vehicles |
Pool Data
| Original | Prior Month | Current Month | |||||||||||
|
Receivables Pool Balance |
$1,774,239,151.48 | $1,364,253,535.21 | $1,318,577,029.69 | ||||||||||
|
Number of Contracts |
65,406 | 57,547 | 56,639 | ||||||||||
|
Weighted Average APR |
5.10% | 5.13% | 5.14% | ||||||||||
|
Weighted Average Remaining Term (Months) |
54.72 | 47.43 | 46.52 |
Page 2 of 5
Servicer's Certificate
for the Collection Period June 01, 2024 through June 30, 2024
for Payment Date of July 15, 2024
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
30 |
30/360 Days |
30 | ||||
|
Interest Accrual Period |
28 |
Actual/360 Days |
28 |
Collections
|
Principal Payments Received |
$30,705,216.58 | |||
|
Prepayments in Full |
$14,141,052.37 | |||
|
Interest Payments Received |
$5,630,789.59 | |||
|
Aggregate Net Liquidation Proceeds |
$411,319.10 | |||
|
Interest on Repurchased Contracts |
$282.61 | |||
|
Total Collections |
$50,888,660.25 | |||
|
Principal of Repurchased Contracts |
$61,773.49 | |||
|
Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
|
Adjustment on Repurchased Contracts |
$0.00 | |||
|
Total Repurchased Amount |
$61,773.49 | |||
|
Total Available Collections |
$50,950,433.74 |
Distributions
| Calculated Amount | Amount Paid | Shortfall | ||||||||||||
|
Servicing Fee |
$1,136,877.95 | $1,136,877.95 | $0.00 | |||||||||||
|
Trustee and Other Fees/Expenses (capped at $300,000.00 per calendar year) |
||||||||||||||
|
Indenture Trustee |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Owner Trustee |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Asset Representations Reviewer |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Interest - Class A-1 Notes |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Interest - Class A-2a Notes |
$1,373,193.12 | $1,373,193.12 | $0.00 | |||||||||||
|
Interest - Class A-2b Notes |
$1,299,994.35 | $1,299,994.35 | $0.00 | |||||||||||
|
Interest - Class A-3 Notes |
$2,559,480.00 | $2,559,480.00 | $0.00 | |||||||||||
|
Interest - Class A-4 Notes |
$324,825.00 | $324,825.00 | $0.00 | |||||||||||
|
First Priority Principal Distribution Amount |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Interest - Class B Notes |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Second Priority Principal Distribution Amount |
$26,031,659.56 | $26,031,659.56 | $0.00 | |||||||||||
|
Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Regular Principal Distribution Amount |
$13,600,024.69 | $13,600,024.69 | $0.00 | |||||||||||
|
Additional Trustee and Other Fees/Expenses |
||||||||||||||
|
Indenture Trustee |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Owner Trustee |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Asset Representations Reviewer |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Excess Amounts to the Certificateholder |
$4,624,379.07 | $4,624,379.07 | N/A |
Page 3 of 5
Servicer's Certificate
for the Collection Period June 01, 2024 through June 30, 2024
for Payment Date of July 15, 2024
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
30 |
30/360 Days |
30 | ||||
|
Interest Accrual Period |
28 |
Actual/360 Days |
28 |
Noteholder Distributions
|
Interest Distributed |
Per $1000 of Original Balance |
Principal Distributed |
Per $1000 of Original Balance |
Amount Distributed |
Per $1000 of Original Balance |
||||||||||||||||||||||||
|
Class A-1 Notes |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||||
|
Class A-2a Notes |
$1,373,193.12 | $4.40 | $19,815,842.12 | $63.45 | $21,189,035.24 | $67.85 | |||||||||||||||||||||||
|
Class A-2b Notes |
$1,299,994.35 | $4.16 | $19,815,842.13 | $63.45 | $21,115,836.48 | $67.61 | |||||||||||||||||||||||
|
Class A-3 Notes |
$2,559,480.00 | $4.62 | $0.00 | $0.00 | $2,559,480.00 | $4.62 | |||||||||||||||||||||||
|
Class A-4 Notes |
$324,825.00 | $4.58 | $0.00 | $0.00 | $324,825.00 | $4.58 | |||||||||||||||||||||||
|
Class B Notes |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Delinquent and Repossessed Contracts
|
Percentage of Current Month Number of Contracts |
Units |
Percentage of Current Month Receivables Pool Balance |
Balance | |||||||||||||
|
30-59 Days Delinquent |
0.81% | 460 | 1.04% | $13,752,411.23 | ||||||||||||
|
60-89 Days Delinquent |
0.26% | 150 | 0.34% | $4,546,602.38 | ||||||||||||
|
90-119 Days Delinquent |
0.10% | 54 | 0.12% | $1,559,415.75 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.17% | 664 | 1.50% | $19,858,429.36 | ||||||||||||
|
Total Delinquencies - Prior Period |
0.97% | 1.22% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
0.85% | 1.02% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
0.84% | 1.01% | ||||||||||||||
|
Receivables Pool Balance |
$1,318,577,029.69 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.46% | |||||||||||||||
|
Delinquency Trigger Percentage |
4.65% | |||||||||||||||
|
Has a Delinquency Trigger occurred in this Collection Period? |
No |
|
Repossessed Vehicle Inventory* |
19 vehicles | |||||
|
* Included with Delinquencies Above |
Page 4 of 5
Servicer's Certificate
for the Collection Period June 01, 2024 through June 30, 2024
for Payment Date of July 15, 2024
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
I hereby certify to the best of my knowledge that the report provided is true and correct.
|
/s/ Stephen Bishop |
||
| Name: | Stephen Bishop | |
| Title: | General Manager - Treasury |
Page 5 of 5