Quarterly Report
Toyota Auto Loan Extended Note Trust 2021-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2021-1
Initial Receivables Static Pool Information
Quarter Ended July 31, 2021
Cutoff Date of January 2021
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
|
Number of Receivables |
106,716 | % New vehicles | 76.64% | |||||||||||||||||
|
Total Principal Balance |
$2,508,874,957.60 | % Used vehicles | 23.36% | |||||||||||||||||
|
Average Principal Balance |
$23,509.83 | % Cars and minivans | 31.62% | |||||||||||||||||
|
Average Original Amount Financed |
$30,482.87 | % Light duty trucks | 18.44% | |||||||||||||||||
|
Weighted Average APR |
3.66% | % Sport utility vehicles | 49.94% | |||||||||||||||||
|
Weighted Average APR of Receivables |
6.42% | % Toyota vehicles | 86.99% | |||||||||||||||||
|
with more than 75 Original Payments |
% Lexus vehicles | 13.01% | ||||||||||||||||||
|
Weighted Average Original Number of Scheduled Payments |
68.54 payments | Top 3 States: CA | 17.58% | |||||||||||||||||
|
Weighted Average Remaining Number of Scheduled Payments |
57.18 payments | TX | 15.03% | |||||||||||||||||
|
Weighted Average FICO |
761.13 | VA | 4.74% | |||||||||||||||||
|
Weighted Average FICO of Receivables |
731.83 | |||||||||||||||||||
|
with more than 75 Original Payments |
||||||||||||||||||||
|
Weighted Average LTV |
99.96% | |||||||||||||||||||
|
Weighted Average LTV of Receivables |
111.54% | |||||||||||||||||||
|
with more than 75 Original Payments |
||||||||||||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
|
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||
| FICO Less than 650 | 2.85% | More than 75 originalscheduled payments | 7.70% | LTV greater than 130% | 5.84% | |||||||||
| FICO Less than 700 | 20.31% | More than 72 original scheduled payments | 24.35% | LTV greater than 120% | 13.33% | |||||||||
| FICO Less than 720 | 30.33% | LTV greater than 110% | 31.08% | |||||||||||
| FICO Less than 740 | 42.04% | LTV greater than 90% | 72.60% | |||||||||||
| FICO Less than 760 | 52.13% | |||||||||||||
| FICO Less than 780 | 60.93% | |||||||||||||
Balances and Performance (Based on Principal Balance)
|
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) | ||||
|
1 |
Mar-21 | 2,343,191,203.59 | 0.000606% | 0.033148% | ||||
|
2 |
Apr-21 | 2,260,942,192.65 | 0.000866% | 0.069609% | ||||
|
3 |
May-21 | 2,182,320,224.11 | 0.019157% | 0.068989% | ||||
|
4 |
Jun-21 | 2,096,902,048.14 | 0.022754% | 0.077954% | ||||
|
5 |
Jul-21 | 2,020,878,620.87 | 0.031729% | 0.094911% | ||||
Page 1 of 4
Quarterly Report
Toyota Auto Loan Extended Note Trust 2021-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2021-1
Additional Receivables Static Pool Information
Quarter Ended July 31, 2021
Cutoff Date of March 2021
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
|
Number of Receivables |
6,771 | % New vehicles | 74.15% | |||||||||||||||||
|
Total Principal Balance |
$162,666,788.07 | % Used vehicles | 25.85% | |||||||||||||||||
|
Average Principal Balance |
$24,024.04 | % Cars and minivans | 30.65% | |||||||||||||||||
|
Average Original Amount Financed |
$31,279.67 | % Light duty trucks | 19.64% | |||||||||||||||||
|
Weighted Average APR |
4.07% | % Sport utility vehicles | 49.71% | |||||||||||||||||
|
Weighted Average APR of Receivables |
6.29% | % Toyota vehicles | 87.55% | |||||||||||||||||
|
with more than 75 Original Payments |
% Lexus vehicles | 12.45% | ||||||||||||||||||
|
Weighted Average Original Number of Scheduled Payments |
70.42 Payments | Top 3 States: CA | 21.28% | |||||||||||||||||
|
Weighted Average Remaining Number of Scheduled Payments |
58.62 Payments | TX | 16.02% | |||||||||||||||||
|
Weighted Average FICO |
753.16 | VA | 4.34% | |||||||||||||||||
|
Weighted Average FICO of Receivables |
733.40 | |||||||||||||||||||
|
with more than 75 Original Payments |
||||||||||||||||||||
|
Weighted Average LTV |
101.63% | |||||||||||||||||||
|
Weighted Average LTV of Receivables |
111.00% | |||||||||||||||||||
|
with more than 75 Original Payments |
||||||||||||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
|
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||
| FICO Less than 650 | 4.75% | More than 75 original scheduled payments | 18.20% | LTV greater than 130% | 6.73% | |||||||||||
| FICO Less than 700 | 22.50% | More than 72 originalscheduled payments | 34.48% | LTVgreaterthan 120% | 15.09% | |||||||||||
| FICO Less than 720 | 33.47% | LTVgreater than 110% | 34.36% | |||||||||||||
| FICO Less than 740 | 45.67% | LTV greaterthan 90% | 75.42% | |||||||||||||
| FICO Less than 760 | 56.55% | |||||||||||||||
| FICO Less than 780 | 65.44% | |||||||||||||||
Balances and Performance (Based on Principal Balance)
|
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) | ||||
|
1 |
Apr-21 | 157,267,551.76 | 0.000000% | 0.000000% | ||||
|
2 |
May-21 | 152,079,358.58 | 0.000000% | 0.111415% | ||||
|
3 |
Jun-21 | 146,519,815.40 | 0.000000% | 0.174857% | ||||
|
4 |
Jul-21 | 141,383,328.15 | 0.055389% | 0.205542% | ||||
Page 2 of 4
Quarterly Report
Toyota Auto Loan Extended Note Trust 2021-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2021-1
Additional Receivables Static Pool Information
Quarter Ended July 31, 2021
Cutoff Date of April 2021
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
|
Number of Receivables |
11,726 | % New vehicles | 73.26% | |||||||||||||||||
|
Total Principal Balance |
$286,473,040.97 | % Used vehicles | 26.74% | |||||||||||||||||
|
Average Principal Balance |
$24,430.59 | % Cars and minivans | 32.01% | |||||||||||||||||
|
Average Original Amount Financed |
$31,439.62 | % Light duty trucks | 19.08% | |||||||||||||||||
|
Weighted Average APR |
4.18% | % Sport utility vehicles | 48.91% | |||||||||||||||||
|
Weighted Average APR of Receivables |
6.24% | % Toyota vehicles | 87.35% | |||||||||||||||||
|
with more than 75 Original Payments |
% Lexus vehicles | 12.65% | ||||||||||||||||||
|
Weighted Average Original Number of Scheduled Payments |
70.85 Payments | Top 3 States: CA | 20.62% | |||||||||||||||||
|
Weighted Average Remaining Number of Scheduled Payments |
59.67 Payments | TX | 15.65% | |||||||||||||||||
|
Weighted Average FICO |
749.73 | VA | 4.32% | |||||||||||||||||
|
Weighted Average FICO of Receivables |
733.14 | |||||||||||||||||||
|
with more than 75 Original Payments |
||||||||||||||||||||
|
Weighted Average LTV |
102.05% | |||||||||||||||||||
|
Weighted Average LTV of Receivables |
110.89% | |||||||||||||||||||
|
with more than 75 Original Payments |
||||||||||||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
|
FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||
| FICO Less than 650 | 5.14% | More than 75 original scheduled payments | 18.28% | LTV greater than 130% | 6.97% | |||||||||
| FICO Less than 700 | 23.99% | More than 72 originalscheduled payments | 37.13% | LTV greater than 120% | 15.53% | |||||||||
| FICO Less than 720 | 35.78% | LTV greater than 110% | 34.96% | |||||||||||
| FICO Less than 740 | 48.82% | LTV greater than 90% | 76.04% | |||||||||||
| FICO Less than 760 | 58.62% | |||||||||||||
| FICO Less than 780 | 67.63% | |||||||||||||
Balances and Performance (Based on Principal Balance)
|
Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) | ||||
|
1 |
Jul-21 | 259,287,924.69 | 0.001738% | 0.058774% | ||||
Page 3 of 4
Quarterly Report
Toyota Auto Loan Extended Note Trust 2021-1
Toyota Revolving Note Depositor 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/ Paul Boodee |
| Name: Paul Boodee |
| Title: General Manager - Head of Markets and Liquidity |
Page 4 of 4