Results
Toyota Auto Receivables 2023-D Owner Trust
09/26/2024 | Press release | Distributed by Public on 09/26/2024 09:41
Asset Backed Issuer Distribution Report Form 10 D
Servicer's Certificate
for the Collection Period August 01, 2024 through August 31, 2024
for Payment Date of September 16, 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 |
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 |
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 | $242,490,838.78 | 0.7764676 | $0.00 | $13,825,742.91 | $6,800,012.34 | $221,865,083.53 | 0.7104229 | |||||||||||||||||||||||||||
| A-2b | $312,300,000.00 | 11/16/26 | $242,490,838.78 | 0.7764676 | $0.00 | $13,825,742.90 | $6,800,012.35 | $221,865,083.53 | 0.7104229 | |||||||||||||||||||||||||||
| 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 | $1,150,381,677.56 | $0.00 | $27,651,485.81 | $13,600,024.69 | $1,109,130,167.06 | 0.6932064 | |||||||||||||||||||||||||||||
| Class | Interest Rate |
Interest Distributable Amount |
Prior Interest Carryover |
Interest Distribution Amount |
Current Interest Carryover |
Total
Principal & |
||||||||||||||||||||
| A-1 | 5.60400% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2a | 5.80000% | $1,172,039.05 | $0.00 | $1,172,039.05 | $0.00 | $21,797,794.30 | ||||||||||||||||||||
| A-2b | 5.90353% | $1,272,490.61 | $0.00 | $1,272,490.61 | $0.00 | $21,898,245.86 | ||||||||||||||||||||
| 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 | $5,328,834.66 | $0.00 | $5,328,834.66 | $0.00 | $46,580,345.16 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,000,007.26 |
Beginning Period Amount |
$104,819,351.81 | |||||||
|
Specified Reserve Account Amount |
$4,000,007.26 |
Increase/(Decrease) |
$(5,821,534.99 | ) | ||||||
|
Beginning Balance |
$4,000,007.26 |
Ending Period Amount |
$98,997,816.82 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$17,811,415.29 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,000,007.26 |
Adjusted Pool Balance |
$1,122,730,191.75 | |||||||
|
Reserve Account Required Amount |
$4,000,007.26 |
Total Note Balance |
$1,109,130,167.06 | |||||||
|
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 August 01, 2024 through August 31, 2024
for Payment Date of September 16, 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 |
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 |
48 | 275 | 227 | 180 | 150 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$1,365,998.37 | $7,778,159.92 | $6,412,161.55 | $4,975,089.00 | $4,206,625.92 | |||||||||||||||
|
Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(81,224.60 | ) | $(81,224.60 | ) | $(81,224.60 | ) | $(81,224.60 | ) | |||||||||||
|
Net Liquidation Proceeds Received During the Collection Period |
$(254,216.47 | ) | $(1,303,180.39 | ) | $(1,048,963.92 | ) | $(875,474.26 | ) | $(778,590.73 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(338,251.65 | ) | $(1,759,346.49 | ) | $(1,421,094.84 | ) | $(1,146,701.63 | ) | $(832,266.06 | ) | ||||||||||
|
Net Credit Losses |
$773,530.25 | $4,634,408.44 | $3,860,878.19 | $2,871,688.51 | $2,514,544.53 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.42045% | 0.34706% | 0.27520% | 0.22934% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
231 | 191 | 161 | 129 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.31444% | 0.25756% | 0.18835% | 0.16219% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
255 | 213 | 169 | 142 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$4,638,784.90 | $3,864,775.87 | $2,875,566.94 | $2,518,134.99 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$18,191.31 | $18,144.49 | $17,015.19 | $17,733.35 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.26121% | 0.21761% | 0.16185% | 0.14173% | ||||||||||||||||
|
Repossessed in Current Period |
16 vehicles |
Pool Data
| Original | Prior Month | Current Month | |||||||||||
|
Receivables Pool Balance |
$1,774,239,151.48 | $1,268,801,054.06 | $1,221,728,008.57 | ||||||||||
|
Number of Contracts |
65,406 | 55,612 | 54,644 | ||||||||||
|
Weighted Average APR |
5.10% | 5.14% | 5.15% | ||||||||||
|
Weighted Average Remaining Term (Months) |
54.72 | 45.60 | 44.70 |
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 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 |
32 |
Actual/360 Days |
32 |
Collections
|
Principal Payments Received |
$30,984,846.90 | |||
|
Prepayments in Full |
$14,656,629.19 | |||
|
Interest Payments Received |
$5,548,839.19 | |||
|
Aggregate Net Liquidation Proceeds |
$592,468.12 | |||
|
Interest on Repurchased Contracts |
$715.54 | |||
|
Total Collections |
$51,783,498.94 | |||
|
Principal of Repurchased Contracts |
$65,571.03 | |||
|
Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
|
Adjustment on Repurchased Contracts |
$0.00 | |||
|
Total Repurchased Amount |
$65,571.03 | |||
|
Total Available Collections |
$51,849,069.97 |
Distributions
| Calculated Amount | Amount Paid | Shortfall | ||||||||||||
|
Servicing Fee |
$1,057,334.21 | $1,057,334.21 | $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 |
$1,172,039.05 | $1,172,039.05 | $0.00 | |||||||||||
|
Interest - Class A-2b Notes |
$1,272,490.61 | $1,272,490.61 | $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 |
$27,651,485.81 | $27,651,485.81 | $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 |
$4,211,390.60 | $4,211,390.60 | 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 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 |
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-2a Notes |
$1,172,039.05 | $3.75 | $20,625,755.25 | $66.04 | $21,797,794.30 | $69.79 | |||||||||||||||||||||||
|
Class A-2b Notes |
$1,272,490.61 | $4.07 | $20,625,755.25 | $66.04 | $21,898,245.86 | $70.11 | |||||||||||||||||||||||
|
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 |
0.86% | 469 | 1.11% | $13,544,133.81 | ||||||||||||
|
60-89 Days Delinquent |
0.22% | 122 | 0.31% | $3,814,287.87 | ||||||||||||
|
90-119 Days Delinquent |
0.10% | 57 | 0.12% | $1,467,073.63 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.18% | 648 | 1.54% | $18,825,495.31 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.20% | 1.56% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.17% | 1.50% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
0.97% | 1.22% | ||||||||||||||
|
Receivables Pool Balance |
$1,221,728,008.57 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.43% | |||||||||||||||
|
Delinquency Trigger Percentage |
4.65% | |||||||||||||||
|
Has a Delinquency Trigger occurred in this Collection Period? |
No |
|
Repossessed Vehicle Inventory* |
20 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 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