09/26/2024 | Press release | Distributed by Public on 09/26/2024 08:51
Servicer's Certificate
for the Collection Period August 01, 2024 through August 31, 2024
for Payment Date of September 16, 2024
Toyota Auto Receivables 2021-A 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 | $331,000,000.00 | 2/15/22 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
A-2 | $574,000,000.00 | 7/17/23 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
A-3 | $638,500,000.00 | 5/15/25 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
A-4 | $162,750,000.00 | 6/15/26 | $114,624,842.15 | 0.7043001 | $0.00 | $1,281,629.35 | $14,875,000.01 | $98,468,212.79 | 0.6050274 | |||||||||||||||||||||||||||
B | $43,750,000.00 | 9/15/27 | $43,750,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $43,750,000.00 | 1.0000000 | |||||||||||||||||||||||||||
Total | $1,750,000,000.00 | $158,374,842.15 | $0.00 | $1,281,629.35 | $14,875,000.01 | $142,218,212.79 | 0.0812676 | |||||||||||||||||||||||||||||
Class | Interest Rate |
Interest Distributable Amount |
Prior Interest Carryover |
Interest Distribution Amount |
Current Interest Carryover |
Total Principal & Interest Distribution |
||||||||||||||||||||
A-1 | 0.15013% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
A-2 | 0.16000% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
A-3 | 0.26000% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
A-4 | 0.39000% | $37,253.07 | $0.00 | $37,253.07 | $0.00 | $16,193,882.43 | ||||||||||||||||||||
B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
Total | $37,253.07 | $0.00 | $37,253.07 | $0.00 | $16,193,882.43 | |||||||||||||||||||||
Credit Enhancement
Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
Initial Deposit Amount |
$4,375,000.00 |
Beginning Period Amount |
$2,043,269.56 | |||||||
Specified Reserve Account Amount |
$4,375,000.00 |
Increase/(Decrease) |
$(307,109.93 | ) | ||||||
Beginning Balance |
$4,375,000.00 |
Ending Period Amount |
$1,736,159.63 | |||||||
Withdrawals |
$0.00 | |||||||||
Amount Available for Deposit |
$15,502,866.40 | Overcollateralization | ||||||||
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
Reserve Account Balance Prior to Release |
$4,375,000.00 |
Adjusted Pool Balance |
$157,093,212.80 | |||||||
Reserve Account Required Amount |
$4,375,000.00 |
Total Note Balance |
$142,218,212.79 | |||||||
Reserve Account Release to Seller |
$0.00 |
Ending Overcollateralization Amount |
$14,875,000.01 | |||||||
Ending Reserve Account Balance |
$4,375,000.00 |
Overcollateralization Target Amount |
$14,875,000.01 |
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 2021-A 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 |
18 | 683 | 665 | 650 | 636 | |||||||||||||||
Gross Principal of Liquidated Receivables |
$94,188.02 | $9,882,530.66 | $9,788,342.64 | $9,659,135.79 | $9,504,788.86 | |||||||||||||||
Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(15,988.43 | ) | $(15,988.43 | ) | $(15,988.43 | ) | $(15,988.43 | ) | |||||||||||
Net Liquidation Proceeds Received During the Collection Period |
$578.00 | $(1,080,077.15 | ) | $(1,080,655.15 | ) | $(1,057,821.68 | ) | $(1,060,960.33 | ) | |||||||||||
Recoveries on Previously Liquidated Contracts |
$(116,564.16 | ) | $(5,759,650.06 | ) | $(5,643,085.90 | ) | $(5,476,953.22 | ) | $(5,313,423.21 | ) | ||||||||||
Net Credit Losses |
$(21,798.14 | ) | $3,026,815.02 | $3,048,613.16 | $3,108,372.46 | $3,114,416.89 | ||||||||||||||
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.75924% | 0.73923% | 0.72256% | 0.70700% | ||||||||||||||||
Number of Accounts with Liquidation Proceeds or Recoveries |
646 | 640 | 622 | 611 | ||||||||||||||||
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.38405% | 0.37977% | 0.38014% | 0.37391% | ||||||||||||||||
Number of Assets Experiencing a Net Loss |
415 | 401 | 396 | 393 | ||||||||||||||||
Net Credit Losses for Assets Experiencing a Loss |
$3,102,396.64 | $3,123,020.79 | $3,178,641.99 | $3,179,085.58 | ||||||||||||||||
Average Net Loss on all assets that have Experienced a Net Loss |
$7,475.65 | $7,788.08 | $8,026.87 | $8,089.28 | ||||||||||||||||
Cumulative Net Loss Ratio |
0.16606% | 0.16725% | 0.17053% | 0.17086% | ||||||||||||||||
Repossessed in Current Period |
12 vehicles |
Pool Data
Original | Prior Month | Current Month | |||||||||||
Receivables Pool Balance |
$1,822,777,183.25 | $175,293,111.72 | $158,829,372.43 | ||||||||||
Number of Contracts |
89,958 | 28,565 | 27,250 | ||||||||||
Weighted Average APR |
3.06% | 3.23% | 3.27% | ||||||||||
Weighted Average Remaining Term (Months) |
51.24 | 16.04 | 15.31 |
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 2021-A 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 |
$13,579,822.55 | |||
Prepayments in Full |
$2,784,039.83 | |||
Interest Payments Received |
$482,233.61 | |||
Aggregate Net Liquidation Proceeds |
$115,986.16 | |||
Interest on Repurchased Contracts |
$55.37 | |||
Total Collections |
$16,962,137.52 | |||
Principal of Repurchased Contracts |
$5,688.89 | |||
Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
Adjustment on Repurchased Contracts |
$0.00 | |||
Total Repurchased Amount |
$5,688.89 | |||
Total Available Collections |
$16,967,826.41 |
Distributions
Calculated Amount | Amount Paid | Shortfall | ||||||||||||
Servicing Fee |
$146,077.59 | $146,077.59 | $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 |
$37,253.07 | $37,253.07 | $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 |
$1,281,629.35 | $1,281,629.35 | $0.00 | |||||||||||
Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||||||
Regular Principal Distribution Amount |
$14,875,000.01 | $14,875,000.01 | $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 |
$627,866.39 | $627,866.39 | 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 2021-A 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 |
$37,253.07 | $0.23 | $16,156,629.36 | $99.27 | $16,193,882.43 | $99.50 | |||||||||||||||||||||||
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 |
1.15% | 314 | 1.75% | $2,780,523.71 | ||||||||||||
60-89 Days Delinquent |
0.32% | 86 | 0.51% | $813,020.18 | ||||||||||||
90-119 Days Delinquent |
0.12% | 33 | 0.22% | $346,967.97 | ||||||||||||
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
Total Delinquencies |
1.59% | 433 | 2.48% | $3,940,511.86 | ||||||||||||
Total Delinquencies - Prior Period |
1.59% | 2.40% | ||||||||||||||
Total Delinquencies - Two Months Prior |
1.54% | 2.30% | ||||||||||||||
Total Delinquencies - Three Months Prior |
1.36% | 2.01% | ||||||||||||||
Receivables Pool Balance |
$158,829,372.43 | |||||||||||||||
60-Day Delinquency Percentage |
0.73% | |||||||||||||||
Delinquency Trigger Percentage |
4.65% | |||||||||||||||
Has a Delinquency Trigger occurred in this Collection Period? |
No |
Repossessed Vehicle Inventory* |
12 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 2021-A 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