Toyota Auto Receivables 2024-A Owner Trust

10/29/2024 | Press release | Distributed by Public on 10/29/2024 09:23

Asset Backed Issuer Distribution Report Form 10 D

Servicer's Certificate

for the Collection Period September 01, 2024 through September 30, 2024

for Payment Date of October 15, 2024

Toyota Auto Receivables 2024-A Owner Trust

Toyota Auto Finance Receivables, LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Collection Period

30

30/360 Days

30

Interest Accrual Period

29

Actual/360 Days

29
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 $345,000,000.00 1/15/25 $0.00 0.0000000 $0.00 $0.00 $0.00 $0.00 0.0000000
A-2a $157,500,000.00 12/15/26 $128,018,674.12 0.8128170 $0.00 $7,666,484.83 $3,718,750.01 $116,633,439.28 0.7405298
A-2b $472,500,000.00 12/15/26 $384,056,022.38 0.8128170 $0.00 $22,999,454.49 $11,156,250.05 $349,900,317.84 0.7405298
A-3 $630,000,000.00 10/16/28 $630,000,000.00 1.0000000 $0.00 $0.00 $0.00 $630,000,000.00 1.0000000
A-4 $101,250,000.00 4/16/29 $101,250,000.00 1.0000000 $0.00 $0.00 $0.00 $101,250,000.00 1.0000000
B $43,750,000.00 8/15/30 $43,750,000.00 1.0000000 $0.00 $0.00 $0.00 $43,750,000.00 1.0000000
Total $1,750,000,000.00 $1,287,074,696.50 $0.00 $30,665,939.32 $14,875,000.06 $1,241,533,757.12 0.7094479
Class Interest Rate

Interest

Distributable

Amount

Prior

Interest

Carryover

Interest

Distribution

Amount

Current

Interest

Carryover

Total

Principal &

Interest Distribution

A-1 5.51900% $0.00 $0.00 $0.00 $0.00 $0.00
A-2a 5.13000% $547,279.83 $0.00 $547,279.83 $0.00 $11,932,514.67
A-2b 5.69207% $1,761,003.86 $0.00 $1,761,003.86 $0.00 $35,916,708.40
A-3 4.83000% $2,535,750.00 $0.00 $2,535,750.00 $0.00 $2,535,750.00
A-4 4.77000% $402,468.75 $0.00 $402,468.75 $0.00 $402,468.75
B $0.00 $0.00 $0.00 $0.00 $0.00
Total $5,246,502.44 $0.00 $5,246,502.44 $0.00 $50,787,441.82

 Credit Enhancement

Reserve Account Yield Supplement Overcollateralization Amount

Initial Deposit Amount

$4,375,000.02

Beginning Period Amount

$99,901,945.22

Specified Reserve Account Amount

$4,375,000.02

Increase/(Decrease)

$(5,484,585.92 )

Beginning Balance

$4,375,000.02

Ending Period Amount

$94,417,359.30

Withdrawals

$0.00

Amount Available for Deposit

$19,756,630.48 Overcollateralization

Amount Deposited to the Reserve Account

$0.00

Reserve Account Balance Prior to Release

$4,375,000.02

Adjusted Pool Balance

$1,256,408,757.18

Reserve Account Required Amount

$4,375,000.02

Total Note Balance

$1,241,533,757.12

Reserve Account Release to Seller

$0.00

Ending Overcollateralization Amount

$14,875,000.06

Ending Reserve Account Balance

$4,375,000.02

Overcollateralization Target Amount

$14,875,000.06

Page 1 of 5

Servicer's Certificate

for the Collection Period September 01, 2024 through September 30, 2024

for Payment Date of October 15, 2024

Toyota Auto Receivables 2024-A Owner Trust

Toyota Auto Finance Receivables, LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Collection Period

30

30/360 Days

30

Interest Accrual Period

29

Actual/360 Days

29

 Liquidations of Charge-offs and Repossessions

Cumulative
Current Period Only Current Period Prior Period Two Periods Prior Three Periods Prior

Number of Liquidated Receivables

46 263 217 168 129

Gross Principal of Liquidated Receivables

$1,218,288.39 $7,247,873.88 $6,029,585.49 $4,652,843.71 $3,611,701.34

Principal of Repurchased Contracts, previously charged-off

$0.00 $(13,698.02 ) $(13,698.02 ) $(13,698.02 ) $(10,560.99 )

Net Liquidation Proceeds Received During the Collection Period

$(62,451.63 ) $(922,075.22 ) $(859,623.59 ) $(685,365.57 ) $(565,589.49 )

Recoveries on Previously Liquidated Contracts

$(586,873.19 ) $(2,044,422.84 ) $(1,457,549.65 ) $(1,127,263.28 ) $(773,114.43 )

Net Credit Losses

$568,963.57 $4,267,677.80 $3,698,714.23 $2,826,516.84 $2,262,436.43

Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool)

0.36667% 0.30254% 0.23422% 0.17985%

Number of Accounts with Liquidation Proceeds or Recoveries

222 181 135 104

Ratio of Aggregate Net Losses to Average Portfolio Balance

0.26647% 0.22699% 0.17049% 0.13412%

Number of Assets Experiencing a Net Loss

244 200 156 121

Net Credit Losses for Assets Experiencing a Loss

$4,271,408.77 $3,702,324.11 $2,828,702.61 $2,264,472.12

Average Net Loss on all assets that have Experienced a Net Loss

$17,505.77 $18,511.62 $18,132.71 $18,714.65

Cumulative Net Loss Ratio

0.22362% 0.19381% 0.14810% 0.11855%

Repossessed in Current Period

16 vehicles

 Pool Data

Original Prior Month Current Month

Receivables Pool Balance

$1,908,468,799.65 $1,401,851,641.78 $1,350,826,116.48

Number of Contracts

71,726 60,611 59,445

Weighted Average APR

5.37% 5.42% 5.43%

Weighted Average Remaining Term (Months)

54.51 46.54 45.63

Page 2 of 5

Servicer's Certificate

for the Collection Period September 01, 2024 through September 30, 2024

for Payment Date of October 15, 2024

Toyota Auto Receivables 2024-A Owner Trust

Toyota Auto Finance Receivables, LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Collection Period

30

30/360 Days

30

Interest Accrual Period

29

Actual/360 Days

29

 Collections

Principal Payments Received

$33,627,853.84

Prepayments in Full

$16,118,726.77

Interest Payments Received

$6,380,265.95

Aggregate Net Liquidation Proceeds

$649,324.82

Interest on Repurchased Contracts

$454.26

Total Collections

$56,776,625.64

Principal of Repurchased Contracts

$60,656.30

Principal of Repurchased Contracts, prev charged-off

$0.00

Adjustment on Repurchased Contracts

$0.00

Total Repurchased Amount

$60,656.30

Total Available Collections

$56,837,281.94

 Distributions

Calculated Amount Amount Paid Shortfall

Servicing Fee

$1,168,209.70 $1,168,209.70 $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

$547,279.83 $547,279.83 $0.00

Interest - Class A-2b Notes

$1,761,003.86 $1,761,003.86 $0.00

Interest - Class A-3 Notes

$2,535,750.00 $2,535,750.00 $0.00

Interest - Class A-4 Notes

$402,468.75 $402,468.75 $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

$30,665,939.32 $30,665,939.32 $0.00

Reserve Account Deposit

$0.00 $0.00 $0.00

Regular Principal Distribution Amount

$14,875,000.06 $14,875,000.06 $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

$4,881,630.42 $4,881,630.42 N/A

Page 3 of 5

Servicer's Certificate

for the Collection Period September 01, 2024 through September 30, 2024

for Payment Date of October 15, 2024

Toyota Auto Receivables 2024-A Owner Trust

Toyota Auto Finance Receivables, LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Collection Period

30

30/360 Days

30

Interest Accrual Period

29

Actual/360 Days

29

 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

$547,279.83 $3.47 $11,385,234.84 $72.29 $11,932,514.67 $75.76

Class A-2b Notes

$1,761,003.86 $3.73 $34,155,704.54 $72.29 $35,916,708.40 $76.02

Class A-3 Notes

$2,535,750.00 $4.03 $0.00 $0.00 $2,535,750.00 $4.03

Class A-4 Notes

$402,468.75 $3.98 $0.00 $0.00 $402,468.75 $3.98

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

0.80% 477 1.00% $13,479,567.35

60-89 Days Delinquent

0.21% 123 0.27% $3,613,810.64

90-119 Days Delinquent

0.10% 57 0.11% $1,541,861.40

120 or more Days Delinquent

0.00% 0 0.00% $0.00

Total Delinquencies

1.11% 657 1.38% $18,635,239.39

Total Delinquencies - Prior Period

1.09% 1.36%

Total Delinquencies - Two Months Prior

1.15% 1.42%

Total Delinquencies - Three Months Prior

1.05% 1.28%

Receivables Pool Balance

$1,350,826,116.48

60-Day Delinquency Percentage

0.38%

Delinquency Trigger Percentage

4.65%

Has a Delinquency Trigger occurred in this Collection Period?

No

Repossessed Vehicle Inventory*

  18 vehicles

* Included with Delinquencies Above

Page 4 of 5

Servicer's Certificate

for the Collection Period September 01, 2024 through September 30, 2024

for Payment Date of October 15, 2024

Toyota Auto Receivables 2024-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