Toyota Auto Receivables 2023-D Owner Trust
11/26/2024 | Press release | Distributed by Public on 11/26/2024 10:00
Asset Backed Issuer Distribution Report Form 10 D
Servicer's Certificate
for the Collection Period October 01, 2024 through October 31, 2024
for Payment Date of November 15, 2024
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
31 |
30/360 Days |
30 | ||||
|
Interest Accrual Period |
31 |
Actual/360 Days |
31 |
| 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 | $202,601,451.14 | 0.6487398 | $0.00 | $13,970,022.19 | $6,800,012.34 | $181,831,416.61 | 0.5822332 | |||||||||||||||||||||||||||
| A-2b | $312,300,000.00 | 11/16/26 | $202,601,451.14 | 0.6487398 | $0.00 | $13,970,022.18 | $6,800,012.35 | $181,831,416.61 | 0.5822332 | |||||||||||||||||||||||||||
| 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 | $1,070,602,902.28 | $0.00 | $27,940,044.37 | $13,600,024.69 | $1,029,062,833.22 | 0.6431643 | |||||||||||||||||||||||||||||
| 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% | $979,240.35 | $0.00 | $979,240.35 | $0.00 | $21,749,274.88 | ||||||||||||||||||||
| A-2b | 5.55981% | $969,977.58 | $0.00 | $969,977.58 | $0.00 | $21,740,012.11 | ||||||||||||||||||||
| 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 | $4,833,522.93 | $0.00 | $4,833,522.93 | $0.00 | $46,373,591.99 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,000,007.26 |
Beginning Period Amount |
$93,583,426.24 | |||||||
|
Specified Reserve Account Amount |
$4,000,007.26 |
Increase/(Decrease) |
$(5,543,213.84 | ) | ||||||
|
Beginning Balance |
$4,000,007.26 |
Ending Period Amount |
$88,040,212.40 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$17,873,733.89 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,000,007.26 |
Adjusted Pool Balance |
$1,042,662,857.91 | |||||||
|
Reserve Account Required Amount |
$4,000,007.26 |
Total Note Balance |
$1,029,062,833.22 | |||||||
|
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 October 01, 2024 through October 31, 2024
for Payment Date of November 15, 2024
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
31 |
30/360 Days |
30 | ||||
|
Interest Accrual Period |
31 |
Actual/360 Days |
31 |
Liquidations of Charge-offs and Repossessions
| Cumulative | ||||||||||||||||||||
| Current Period Only | Current Period | Prior Period | Two Periods Prior | Three Periods Prior | ||||||||||||||||
|
Number of Liquidated Receivables |
39 | 357 | 318 | 275 | 227 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$1,264,045.14 | $10,223,454.63 | $8,959,409.49 | $7,778,159.92 | $6,412,161.55 | |||||||||||||||
|
Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(82,659.37 | ) | $(82,659.37 | ) | $(81,224.60 | ) | $(81,224.60 | ) | |||||||||||
|
Net Liquidation Proceeds Received During the Collection Period |
$(136,517.94 | ) | $(1,562,639.44 | ) | $(1,426,121.50 | ) | $(1,303,180.39 | ) | $(1,048,963.92 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(660,171.38 | ) | $(2,735,003.49 | ) | $(2,074,832.11 | ) | $(1,759,346.49 | ) | $(1,421,094.84 | ) | ||||||||||
|
Net Credit Losses |
$467,355.82 | $5,843,152.33 | $5,375,796.51 | $4,634,408.44 | $3,860,878.19 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.54582% | 0.48619% | 0.42045% | 0.34706% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
320 | 267 | 231 | 191 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.41014% | 0.37096% | 0.31444% | 0.25756% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
331 | 295 | 255 | 213 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$5,848,757.29 | $5,380,859.34 | $4,638,784.90 | $3,864,775.87 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$17,669.96 | $18,240.20 | $18,191.31 | $18,144.49 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.32933% | 0.30299% | 0.26121% | 0.21761% | ||||||||||||||||
|
Repossessed in Current Period |
22 vehicles |
Pool Data
| Original | Prior Month | Current Month | |||||||||||
|
Receivables Pool Balance |
$1,774,239,151.48 | $1,177,786,353.21 | $1,130,703,070.31 | ||||||||||
|
Number of Contracts |
65,406 | 53,734 | 52,701 | ||||||||||
|
Weighted Average APR |
5.10% | 5.16% | 5.16% | ||||||||||
|
Weighted Average Remaining Term (Months) |
54.72 | 43.79 | 42.88 |
Page 2 of 5
Servicer's Certificate
for the Collection Period October 01, 2024 through October 31, 2024
for Payment Date of November 15, 2024
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
31 |
30/360 Days |
30 | ||||
|
Interest Accrual Period |
31 |
Actual/360 Days |
31 |
Collections
|
Principal Payments Received |
$30,691,344.59 | |||
|
Prepayments in Full |
$15,127,893.17 | |||
|
Interest Payments Received |
$5,025,862.74 | |||
|
Aggregate Net Liquidation Proceeds |
$796,689.32 | |||
|
Interest on Repurchased Contracts |
$0.00 | |||
|
Total Collections |
$51,641,789.82 | |||
|
Principal of Repurchased Contracts |
$0.00 | |||
|
Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
|
Adjustment on Repurchased Contracts |
$0.00 | |||
|
Total Repurchased Amount |
$0.00 | |||
|
Total Available Collections |
$51,641,789.82 |
Distributions
| Calculated Amount | Amount Paid | Shortfall | ||||||||||||
|
Servicing Fee |
$981,488.63 | $981,488.63 | $0.00 | |||||||||||
|
Trustee and Other Fees/Expenses (capped at $300,000.00 per calendar year) |
||||||||||||||
|
Indenture Trustee |
$5,000.00 | $5,000.00 | $0.00 | |||||||||||
|
Owner Trustee |
$3,000.00 | $3,000.00 | $0.00 | |||||||||||
|
Asset Representations Reviewer |
$5,000.00 | $5,000.00 | $0.00 | |||||||||||
|
Interest - Class A-1 Notes |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Interest - Class A-2a Notes |
$979,240.35 | $979,240.35 | $0.00 | |||||||||||
|
Interest - Class A-2b Notes |
$969,977.58 | $969,977.58 | $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 |
$27,940,044.37 | $27,940,044.37 | $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 |
$4,273,709.20 | $4,273,709.20 | N/A |
Page 3 of 5
Servicer's Certificate
for the Collection Period October 01, 2024 through October 31, 2024
for Payment Date of November 15, 2024
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
31 |
30/360 Days |
30 | ||||
|
Interest Accrual Period |
31 |
Actual/360 Days |
31 |
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 |
$979,240.35 | $3.14 | $20,770,034.53 | $66.51 | $21,749,274.88 | $69.65 | |||||||||||||||||||||||
|
Class A-2b Notes |
$969,977.58 | $3.11 | $20,770,034.53 | $66.51 | $21,740,012.11 | $69.62 | |||||||||||||||||||||||
|
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 |
0.83% | 435 | 1.10% | $12,465,348.46 | ||||||||||||
|
60-89 Days Delinquent |
0.26% | 139 | 0.34% | $3,790,283.53 | ||||||||||||
|
90-119 Days Delinquent |
0.10% | 52 | 0.13% | $1,500,658.71 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.19% | 626 | 1.57% | $17,756,290.70 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.14% | 1.52% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.18% | 1.54% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
1.20% | 1.56% | ||||||||||||||
|
Receivables Pool Balance |
$1,130,703,070.31 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.47% | |||||||||||||||
|
Delinquency Trigger Percentage |
4.65% | |||||||||||||||
|
Has a Delinquency Trigger occurred in this Collection Period? |
No |
|
Repossessed Vehicle Inventory* |
25 vehicles | |||||
|
* Included with Delinquencies Above |
Page 4 of 5
Servicer's Certificate
for the Collection Period October 01, 2024 through October 31, 2024
for Payment Date of November 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