09/26/2024 | Press release | Distributed by Public on 09/26/2024 08:20
Servicer's Certificate
for the Collection Period August 01, 2024 through August 31, 2024
for Payment Date of September 16, 2024
Toyota Auto Receivables 2020-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Collection Period |
31 |
30/360 Days |
30 | ||||
Interest Accrual Period |
32 |
Actual/360 Days |
32 |
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 | $333,000,000.00 | 10/15/21 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
A-2 | $577,000,000.00 | 5/15/23 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
A-3 | $508,000,000.00 | 1/15/25 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
A-4 | $142,000,000.00 | 1/15/26 | $29,768,748.21 | 0.2096391 | $29,768,748.21 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
B | $40,000,000.00 | 5/17/27 | $40,000,000.00 | 1.0000000 | $0.00 | $40,000,000.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
Total | $1,600,000,000.00 | $69,768,748.21 | $29,768,748.21 | $40,000,000.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||||
Class | Interest Rate |
Interest Distributable Amount |
Prior Interest Carryover |
Interest Distribution Amount |
Current Interest Carryover |
Total
Principal & |
||||||||||||||||||||
A-1 | 0.16375% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
A-2 | 0.23000% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
A-3 | 0.35000% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
A-4 | 0.47000% | $11,659.43 | $0.00 | $11,659.43 | $0.00 | $29,780,407.64 | ||||||||||||||||||||
B | $0.00 | $0.00 | $0.00 | $0.00 | $40,000,000.00 | |||||||||||||||||||||
Total | $11,659.43 | $0.00 | $11,659.43 | $0.00 | $69,780,407.64 | |||||||||||||||||||||
Credit Enhancement
Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
Initial Deposit Amount |
$8,000,000.91 |
Beginning Period Amount |
$514,914.84 | |||||||
Specified Reserve Account Amount |
$0.00 |
Increase/(Decrease) |
$(90,634.51 | ) | ||||||
Beginning Balance |
$8,000,000.91 |
Ending Period Amount |
$424,280.33 | |||||||
Withdrawals |
$0.00 | |||||||||
Amount Available for Deposit |
$22,378,205.40 | Overcollateralization | ||||||||
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
Reserve Account Balance Prior to Release |
$8,000,000.91 |
Adjusted Pool Balance |
$73,669,126.05 | |||||||
Reserve Account Required Amount |
$0.00 |
Total Note Balance |
$0.00 | |||||||
Reserve Account Release to Seller |
$8,000,000.91 |
Ending Overcollateralization Amount |
$73,669,126.05 | |||||||
Ending Reserve Account Balance |
$0.00 |
Overcollateralization Target Amount |
$13,600,001.55 |
Page 1 of 5
Servicer's Certificate
for the Collection Period August 01, 2024 through August 31, 2024
for Payment Date of September 16, 2024
Toyota Auto Receivables 2020-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Collection Period |
31 |
30/360 Days |
30 | ||||
Interest Accrual Period |
32 |
Actual/360 Days |
32 |
Liquidations of Charge-offs and Repossessions
Cumulative | ||||||||||||||||||||
Current Period Only | Current Period | Prior Period | Two Periods Prior | Three Periods Prior | ||||||||||||||||
Number of Liquidated Receivables |
13 | 614 | 601 | 590 | 572 | |||||||||||||||
Gross Principal of Liquidated Receivables |
$66,573.41 | $8,256,731.40 | $8,190,157.99 | $8,118,462.80 | $7,968,741.43 | |||||||||||||||
Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(95,087.32 | ) | $(95,087.32 | ) | $(95,087.32 | ) | $(95,087.32 | ) | |||||||||||
Net Liquidation Proceeds Received During the Collection Period |
$(7,928.84 | ) | $(1,455,319.12 | ) | $(1,447,390.28 | ) | $(1,446,953.28 | ) | $(1,441,686.56 | ) | ||||||||||
Recoveries on Previously Liquidated Contracts |
$(98,716.04 | ) | $(4,776,111.31 | ) | $(4,677,395.27 | ) | $(4,581,273.34 | ) | $(4,516,337.37 | ) | ||||||||||
Net Credit Losses |
$(40,071.47 | ) | $1,930,213.65 | $1,970,285.12 | $1,995,148.86 | $1,915,630.18 | ||||||||||||||
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.70204% | 0.68717% | 0.67459% | 0.65401% | ||||||||||||||||
Number of Accounts with Liquidation Proceeds or Recoveries |
580 | 568 | 556 | 546 | ||||||||||||||||
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.30750% | 0.30810% | 0.30621% | 0.28852% | ||||||||||||||||
Number of Assets Experiencing a Net Loss |
365 | 363 | 360 | 348 | ||||||||||||||||
Net Credit Losses for Assets Experiencing a Loss |
$2,000,908.18 | $2,038,920.81 | $2,060,736.09 | $1,979,789.59 | ||||||||||||||||
Average Net Loss on all assets that have Experienced a Net Loss |
$5,481.94 | $5,616.86 | $5,724.27 | $5,689.05 | ||||||||||||||||
Cumulative Net Loss Ratio |
0.11677% | 0.11919% | 0.12070% | 0.11589% | ||||||||||||||||
Repossessed in Current Period |
4 vehicles |
Pool Data
Original | Prior Month | Current Month | |||||||||||
Receivables Pool Balance |
$1,652,997,849.97 | $83,883,664.60 | $74,093,406.38 | ||||||||||
Number of Contracts |
87,460 | 17,195 | 15,904 | ||||||||||
Weighted Average APR |
3.46% | 4.27% | 4.33% | ||||||||||
Weighted Average Remaining Term (Months) |
49.73 | 13.88 | 13.29 |
Page 2 of 5
Servicer's Certificate
for the Collection Period August 01, 2024 through August 31, 2024
for Payment Date of September 16, 2024
Toyota Auto Receivables 2020-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Collection Period |
31 |
30/360 Days |
30 | ||||
Interest Accrual Period |
32 |
Actual/360 Days |
32 |
Collections
Principal Payments Received |
$7,993,529.35 | |||
Prepayments in Full |
$1,730,155.46 | |||
Interest Payments Received |
$304,779.11 | |||
Aggregate Net Liquidation Proceeds |
$106,644.88 | |||
Interest on Repurchased Contracts |
$0.00 | |||
Total Collections |
$10,135,108.80 | |||
Principal of Repurchased Contracts |
$0.00 | |||
Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
Optional Purchase Price |
$82,093,407.29 | |||
Adjustment on Repurchased Contracts |
$0.00 | |||
Total Repurchased Amount |
$82,093,407.29 | |||
Total Available Collections |
$92,228,516.09 |
Distributions
Calculated Amount | Amount Paid | Shortfall | ||||||||||||
Servicing Fee |
$69,903.05 | $69,903.05 | $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-2 Notes |
$0.00 | $0.00 | $0.00 | |||||||||||
Interest - Class A-3 Notes |
$0.00 | $0.00 | $0.00 | |||||||||||
Interest - Class A-4 Notes |
$11,659.43 | $11,659.43 | $0.00 | |||||||||||
First Priority Principal Distribution Amount |
$29,768,748.21 | $29,768,748.21 | $0.00 | |||||||||||
Interest - Class B Notes |
$0.00 | $0.00 | $0.00 | |||||||||||
Second Priority Principal Distribution Amount |
$40,000,000.00 | $40,000,000.00 | $0.00 | |||||||||||
Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||||||
Regular Principal Distribution Amount |
$0.00 | $0.00 | $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 |
$22,378,205.40 | $22,378,205.40 | N/A |
Page 3 of 5
Servicer's Certificate
for the Collection Period August 01, 2024 through August 31, 2024
for Payment Date of September 16, 2024
Toyota Auto Receivables 2020-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Collection Period |
31 |
30/360 Days |
30 | ||||
Interest Accrual Period |
32 |
Actual/360 Days |
32 |
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-2 Notes |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||||
Class A-3 Notes |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||||
Class A-4 Notes |
$11,659.43 | $0.08 | $29,768,748.21 | $209.64 | $29,780,407.64 | $209.72 | |||||||||||||||||||||||
Class B Notes |
$0.00 | $0.00 | $40,000,000.00 | $1,000.00 | $40,000,000.00 | $1,000.00 |
Delinquent and Repossessed Contracts
Percentage of Current Month Number of Contracts |
Units |
Percentage of Current Month Receivables Pool Balance |
Balance | |||||||||||||
30-59 Days Delinquent |
1.50% | 238 | 2.19% | $1,619,907.16 | ||||||||||||
60-89 Days Delinquent |
0.43% | 68 | 0.57% | $421,027.88 | ||||||||||||
90-119 Days Delinquent |
0.12% | 19 | 0.17% | $128,222.25 | ||||||||||||
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
Total Delinquencies |
2.05% | 325 | 2.93% | $2,169,157.29 | ||||||||||||
Total Delinquencies - Prior Period |
1.93% | 2.84% | ||||||||||||||
Total Delinquencies - Two Months Prior |
1.72% | 2.37% | ||||||||||||||
Total Delinquencies - Three Months Prior |
1.60% | 2.17% | ||||||||||||||
Receivables Pool Balance |
$74,093,406.38 | |||||||||||||||
60-Day Delinquency Percentage |
0.74% | |||||||||||||||
Delinquency Trigger Percentage |
4.65% | |||||||||||||||
Has a Delinquency Trigger occurred in this Collection Period? |
No |
Repossessed Vehicle Inventory* |
4 vehicles | |||||
* Included with Delinquencies Above |
Page 4 of 5
Servicer's Certificate
for the Collection Period August 01, 2024 through August 31, 2024
for Payment Date of September 16, 2024
Toyota Auto Receivables 2020-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