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 January 31, 2023
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 |
$30,482.87 | % Light duty trucks | 18.44% | |||||||||
| Weighted Average APR |
3.66% | % Sport utility vehicles | 49.94% | |||||||||
| Weighted Average APR of Receivables |
% Toyota vehicles | 86.99% | ||||||||||
| with more than 75 Original Payments |
6.42% |
% Lexus vehicles |
13.01% | |||||||||
| Weighted Average Original Number |
Top 3 States: | CA | 17.58% | |||||||||
| of Scheduled Payments |
68.54 payments | TX | 15.03% | |||||||||
| Weighted Average Remaining Number |
VA | 4.74% | ||||||||||
| of Scheduled Payments |
57.18 payments | |||||||||||
| Weighted Average FICO |
761.13 | |||||||||||
| Weighted Average FICO of Receivables |
||||||||||||
| with more than 75 Original Payments |
731.83 | |||||||||||
| Weighted Average LTV |
99.96% | |||||||||||
| Weighted Average LTV of Receivables |
||||||||||||
| with more than 75 Original Payments |
111.54% | |||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||
| FICO Less than 650 |
2.85% | More than 75 original scheduled payments | 7.70% | LTV greater than 130% | 5.84% | |||||||||
| FICO Less than 700 |
20.31% | More than 72 original scheduled payments | 24.35% | LTV greater than 120% | 13.33% | |||||||||
| FICO Less than 720 |
30.33% | LTV greater than 110% | 31.08% | |||||||||||
| FICO Less than 740 |
42.04% | LTV greater than 90% | 72.60% | |||||||||||
| FICO Less than 760 |
52.13% | |||||||||||||
| FICO Less than 780 |
60.93% | |||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 12 |
Feb-22 | 1,537,868,561.99 | 0.100626% | 0.261930% | ||||||||||||||||||||||||
| 13 |
Mar-22 | 1,469,478,540.92 | 0.115647% | 0.192515% | ||||||||||||||||||||||||
| 14 |
Apr-22 | 1,410,832,419.23 | 0.117911% | 0.222377% | ||||||||||||||||||||||||
| 15 |
May-22 | 1,352,280,905.51 | 0.122882% | 0.265762% | ||||||||||||||||||||||||
| 16 |
Jun-22 | 1,296,145,712.57 | 0.134844% | 0.261740% | ||||||||||||||||||||||||
| 17 |
Jul-22 | 1,244,682,395.21 | 0.138290% | 0.283295% | ||||||||||||||||||||||||
| 18 |
Aug-22 | 1,191,150,672.08 | 0.152101% | 0.328309% | ||||||||||||||||||||||||
| 19 |
Sep-22 | 1,141,719,189.39 | 0.161408% | 0.316208% | ||||||||||||||||||||||||
| 20 |
Oct-22 | 1,095,099,438.73 | 0.175993% | 0.346206% | ||||||||||||||||||||||||
| 21 |
Nov-22 | 1,050,199,954.32 | 0.184056% | 0.404900% | ||||||||||||||||||||||||
| 22 |
Dec-22 | 1,007,239,727.53 | 0.201910% | 0.477526% | ||||||||||||||||||||||||
| 23 |
Jan-23 | 963,345,237.45 | 0.219860% | 0.560932% | ||||||||||||||||||||||||
Page 1 of 10
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 January 31, 2023
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 |
$31,279.67 | % Light duty trucks | 19.64% | |||||||||
| Weighted Average APR |
4.07% | % Sport utility vehicles | 49.71% | |||||||||
| Weighted Average APR of Receivables |
% Toyota vehicles | 87.55% | ||||||||||
| with more than 75 Original Payments |
6.29% |
% Lexus vehicles |
12.45% | |||||||||
| Weighted Average Original Number |
Top 3 States: | CA | 21.28% | |||||||||
| of Scheduled Payments |
70.42 Payments | TX | 16.02% | |||||||||
| Weighted Average Remaining Number |
VA | 4.34% | ||||||||||
| of Scheduled Payments |
58.62 Payments | |||||||||||
| Weighted Average FICO |
753.16 | |||||||||||
| Weighted Average FICO of Receivables |
||||||||||||
| with more than 75 Original Payments |
733.40 | |||||||||||
| Weighted Average LTV |
101.63% | |||||||||||
| Weighted Average LTV of Receivables |
||||||||||||
| with more than 75 Original Payments |
111.00% | |||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||
| FICO Less than 650 |
4.75% | More than 75 original scheduled payments | 18.20% | LTV greater than 130% | 6.73% | |||||||||||
| FICO Less than 700 |
22.50% | More than 72 original scheduled payments | 34.48% | LTV greater than 120% | 15.09% | |||||||||||
| FICO Less than 720 |
33.47% | LTV greater than 110% | 34.36% | |||||||||||||
| FICO Less than 740 |
45.67% | LTV greater than 90% | 75.42% | |||||||||||||
| FICO Less than 760 |
56.55% | |||||||||||||||
| FICO Less than 780 |
65.44% | |||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 11 |
Feb-22 | 108,331,236.10 | 0.116859% | 0.301100% | ||||||||||||||||||||||||
| 12 |
Mar-22 | 103,834,503.77 | 0.136007% | 0.358456% | ||||||||||||||||||||||||
| 13 |
Apr-22 | 99,746,576.50 | 0.133002% | 0.266820% | ||||||||||||||||||||||||
| 14 |
May-22 | 95,605,756.08 | 0.160166% | 0.228500% | ||||||||||||||||||||||||
| 15 |
Jun-22 | 92,028,042.41 | 0.162415% | 0.315067% | ||||||||||||||||||||||||
| 16 |
Jul-22 | 88,391,062.68 | 0.171873% | 0.397833% | ||||||||||||||||||||||||
| 17 |
Aug-22 | 84,609,516.28 | 0.189052% | 0.349728% | ||||||||||||||||||||||||
| 18 |
Sep-22 | 81,312,327.14 | 0.186350% | 0.316134% | ||||||||||||||||||||||||
| 19 |
Oct-22 | 78,029,550.01 | 0.172754% | 0.435828% | ||||||||||||||||||||||||
| 20 |
Nov-22 | 75,058,318.99 | 0.205993% | 0.491899% | ||||||||||||||||||||||||
| 21 |
Dec-22 | 72,067,463.39 | 0.217099% | 0.359438% | ||||||||||||||||||||||||
| 22 |
Jan-23 | 69,008,620.26 | 0.243301% | 0.584214% | ||||||||||||||||||||||||
Page 2 of 10
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 January 31, 2023
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 |
$31,439.62 | % Light duty trucks | 19.08% | |||||||||
| Weighted Average APR |
4.18% | % Sport utility vehicles | 48.91% | |||||||||
| Weighted Average APR of Receivables |
% Toyota vehicles | 87.35% | ||||||||||
| with more than 75 Original Payments |
6.24% |
% Lexus vehicles |
12.65% | |||||||||
| Weighted Average Original Number |
Top 3 States: | CA | 20.62% | |||||||||
| of Scheduled Payments |
70.85 Payments | TX | 15.65% | |||||||||
| Weighted Average Remaining Number |
VA | 4.32% | ||||||||||
| of Scheduled Payments |
59.67 Payments | |||||||||||
| Weighted Average FICO |
749.73 | |||||||||||
| Weighted Average FICO of Receivables |
||||||||||||
| with more than 75 Original Payments |
733.14 | |||||||||||
| Weighted Average LTV |
102.05% | |||||||||||
| Weighted Average LTV of Receivables |
||||||||||||
| with more than 75 Original Payments |
110.89% | |||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
| FICO Less than 650 |
5.14% | More than 75 original scheduled payments | 18.28% | LTV greater than 130% | 6.97% | |||||||||||||
| FICO Less than 700 |
23.99% | More than 72 original scheduled payments | 37.13% | LTV greater than 120% | 15.53% | |||||||||||||
| FICO Less than 720 |
35.78% | LTV greater than 110% | 34.96% | |||||||||||||||
| FICO Less than 740 |
48.82% | LTV greater than 90% | 76.04% | |||||||||||||||
| FICO Less than 760 |
58.62% | |||||||||||||||||
| FICO Less than 780 |
67.63% | |||||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 8 |
Feb-22 | 198,768,110.43 | 0.130218% | 0.299912% | ||||||||||||||||||||||||
| 9 |
Mar-22 | 190,712,877.39 | 0.127353% | 0.274835% | ||||||||||||||||||||||||
| 10 |
Apr-22 | 183,209,864.81 | 0.145563% | 0.251731% | ||||||||||||||||||||||||
| 11 |
May-22 | 176,259,263.01 | 0.166781% | 0.480678% | ||||||||||||||||||||||||
| 12 |
Jun-22 | 169,296,919.69 | 0.168627% | 0.410059% | ||||||||||||||||||||||||
| 13 |
Jul-22 | 163,186,722.76 | 0.218774% | 0.317802% | ||||||||||||||||||||||||
| 14 |
Aug-22 | 156,246,496.34 | 0.205349% | 0.382196% | ||||||||||||||||||||||||
| 15 |
Sep-22 | 150,336,094.98 | 0.192215% | 0.462523% | ||||||||||||||||||||||||
| 16 |
Oct-22 | 144,519,911.05 | 0.257374% | 0.370698% | ||||||||||||||||||||||||
| 17 |
Nov-22 | 138,955,080.59 | 0.312696% | 0.358860% | ||||||||||||||||||||||||
| 18 |
Dec-22 | 133,855,843.81 | 0.288089% | 0.521285% | ||||||||||||||||||||||||
| 19 |
Jan-23 | 128,704,006.20 | 0.309482% | 0.527600% | ||||||||||||||||||||||||
Page 3 of 10
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 January 31, 2023
Cutoff Date of July 2021
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
10,022 | % New vehicles | 74.82% | |||||||||
| Total Principal Balance |
$296,723,672.56 | % Used vehicles | 25.18% | |||||||||
| Average Principal Balance |
$29,607.23 | % Cars and minivans | 40.57% | |||||||||
| Average Original Amount Financed |
$31,637.48 | % Light duty trucks | 13.38% | |||||||||
| Weighted Average APR |
4.07% | % Sport utility vehicles | 46.05% | |||||||||
| Weighted Average APR of Receivables |
% Toyota vehicles | 87.31% | ||||||||||
| with more than 75 Original Payments |
5.82% |
% Lexus vehicles |
12.69% | |||||||||
| Weighted Average Original Number |
Top 3 States: | CA | 23.97% | |||||||||
| of Scheduled Payments |
69.56 Payments | TX | 16.38% | |||||||||
| Weighted Average Remaining Number |
AZ | 4.20% | ||||||||||
| of Scheduled Payments |
66.89 Payments | |||||||||||
| Weighted Average FICO |
745.51 | |||||||||||
| Weighted Average FICO of Receivables |
||||||||||||
| with more than 75 Original Payments |
727.69 | |||||||||||
| Weighted Average LTV |
99.64% | |||||||||||
| Weighted Average LTV of Receivables |
||||||||||||
| with more than 75 Original Payments |
110.03% | |||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
| FICO Less than 650 |
6.31% | More than 75 original scheduled payments | 10.94% | LTV greater than 130% | 5.65% | |||||||||||||
| FICO Less than 700 |
26.87% | More than 72 original scheduled payments | 24.16% | LTV greater than 120% | 13.52% | |||||||||||||
| FICO Less than 720 |
38.74% | LTV greater than 110% | 31.19% | |||||||||||||||
| FICO Less than 740 |
51.16% | LTV greater than 90% | 71.54% | |||||||||||||||
| FICO Less than 760 |
60.96% | |||||||||||||||||
| FICO Less than 780 |
69.76% | |||||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 5 |
Feb-22 | 241,904,759.97 | 0.156502% | 0.390041% | ||||||||||||||||||||||||
| 6 |
Mar-22 | 233,120,501.10 | 0.225246% | 0.351552% | ||||||||||||||||||||||||
| 7 |
Apr-22 | 225,461,535.28 | 0.219668% | 0.455097% | ||||||||||||||||||||||||
| 8 |
May-22 | 218,170,675.71 | 0.195847% | 0.512519% | ||||||||||||||||||||||||
| 9 |
Jun-22 | 210,754,341.61 | 0.245022% | 0.484369% | ||||||||||||||||||||||||
| 10 |
Jul-22 | 204,401,972.94 | 0.244172% | 0.550652% | ||||||||||||||||||||||||
| 11 |
Aug-22 | 197,493,157.66 | 0.317953% | 0.676501% | ||||||||||||||||||||||||
| 12 |
Sep-22 | 191,433,215.32 | 0.361124% | 0.834685% | ||||||||||||||||||||||||
| 13 |
Oct-22 | 185,431,635.50 | 0.429163% | 0.818123% | ||||||||||||||||||||||||
| 14 |
Nov-22 | 179,543,240.42 | 0.551127% | 0.684496% | ||||||||||||||||||||||||
| 15 |
Dec-22 | 174,141,379.45 | 0.564016% | 0.783184% | ||||||||||||||||||||||||
| 16 |
Jan-23 | 168,559,394.08 | 0.603196% | 0.769794% | ||||||||||||||||||||||||
Page 4 of 10
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 January 31, 2023
Cutoff Date of October 2021
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
8,739 | % New vehicles | 75.27% | |||||||||
| Total Principal Balance |
$262,345,659.35 | % Used vehicles | 24.73% | |||||||||
| Average Principal Balance |
$30,020.10 | % Cars and minivans | 32.29% | |||||||||
| Average Original Amount Financed |
$35,225.29 | % Light duty trucks | 20.92% | |||||||||
| Weighted Average APR |
5.17% | % Sport utility vehicles | 46.79% | |||||||||
| Weighted Average APR of Receivables |
% Toyota vehicles | 90.56% | ||||||||||
| with more than 75 Original Payments |
6.21% | % Lexus vehicles | 9.44% | |||||||||
| Weighted Average Original Number |
Top 3 States: | TX | 23.41% | |||||||||
| of Scheduled Payments |
74.36 Payments | CA |
|
17.04%
|
| |||||||
| Weighted Average Remaining Number |
MD | 4.87% | ||||||||||
| of Scheduled Payments |
65.56 Payments | |||||||||||
| Weighted Average FICO |
733.79 | |||||||||||
| Weighted Average FICO of Receivables |
||||||||||||
| with more than 75 Original Payments |
729.05 | |||||||||||
| Weighted Average LTV |
104.20% | |||||||||||
| Weighted Average LTV of Receivables |
||||||||||||
| with more than 75 Original Payments |
111.63% | |||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
| FICO Less than 650 |
7.60% | More than 75 original scheduled payments | 10.47% | LTV greater than 130% | 6.62% | |||||||||||||
| FICO Less than 700 |
31.80% | More than 72 original scheduled payments | 67.87% | LTV greater than 120% | 15.85% | |||||||||||||
| FICO Less than 720 |
44.26% | LTV greater than 110% | 38.93% | |||||||||||||||
| FICO Less than 740 |
58.10% | LTV greater than 90% | 80.48% | |||||||||||||||
| FICO Less than 760 |
69.25% | |||||||||||||||||
| FICO Less than 780 |
77.01% | |||||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 2 |
Feb-22 | 228,743,407.46 | 0.051744% | 0.223858% | ||||||||||||||||||||||||
| 3 |
Mar-22 | 220,109,653.45 | 0.094763% | 0.204957% | ||||||||||||||||||||||||
| 4 |
Apr-22 | 212,303,196.73 | 0.134835% | 0.238721% | ||||||||||||||||||||||||
| 5 |
May-22 | 205,361,914.59 | 0.145752% | 0.214273% | ||||||||||||||||||||||||
| 6 |
Jun-22 | 199,013,758.97 | 0.158203% | 0.358189% | ||||||||||||||||||||||||
| 7 |
Jul-22 | 192,575,516.66 | 0.132068% | 0.474012% | ||||||||||||||||||||||||
| 8 |
Aug-22 | 185,972,624.83 | 0.207783% | 0.441766% | ||||||||||||||||||||||||
| 9 |
Sep-22 | 180,152,556.42 | 0.300651% | 0.405069% | ||||||||||||||||||||||||
| 10 |
Oct-22 | 174,665,362.37 | 0.290919% | 0.498693% | ||||||||||||||||||||||||
| 11 |
Nov-22 | 169,444,067.28 | 0.332157% | 0.706289% | ||||||||||||||||||||||||
| 12 |
Dec-22 | 164,367,889.77 | 0.397635% | 0.702197% | ||||||||||||||||||||||||
| 13 |
Jan-23 | 159,273,849.11 | 0.481628% | 0.550652% | ||||||||||||||||||||||||
Page 5 of 10
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 January 31, 2023
Cutoff Date of January 2022
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
9,615 | % New vehicles | 76.69% | |||||||||
| Total Principal Balance |
$303,161,774.46 | % Used vehicles | 23.31% | |||||||||
| Average Principal Balance |
$31,530.09 | % Cars and minivans | 30.53% | |||||||||
| Average Original Amount Financed |
$36,290.31 | % Light duty trucks | 17.71% | |||||||||
| Weighted Average APR |
4.52% | % Sport utility vehicles | 51.76% | |||||||||
| Weighted Average APR of Receivables |
% Toyota vehicles | 86.34% | ||||||||||
| with more than 75 Original Payments |
6.18% | % Lexus vehicles | 13.66% | |||||||||
| Weighted Average Original Number |
Top 3 States: | TX | 19.49% | |||||||||
| of Scheduled Payments |
73.73 Payments | CA | 18.99% | |||||||||
| Weighted Average Remaining Number |
VA | 4.80% | ||||||||||
| of Scheduled Payments |
66.20 Payments | |||||||||||
| Weighted Average FICO |
743.32 | |||||||||||
| Weighted Average FICO of Receivables |
||||||||||||
| with more than 75 Original Payments |
732.49 | |||||||||||
| Weighted Average LTV |
103.56% | |||||||||||
| Weighted Average LTV of Receivables |
||||||||||||
| with more than 75 Original Payments |
111.44% | |||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
| FICO Less than 650 |
5.41% | More than 75 original scheduled payments | 9.92% | LTV greater than 130% | 6.62% | |||||||||||||
| FICO Less than 700 |
26.64% | More than 72 original scheduled payments | 49.49% | LTV greater than 120% | 17.58% | |||||||||||||
| FICO Less than 720 |
38.60% | LTV greater than 110% | 40.49% | |||||||||||||||
| FICO Less than 740 |
52.41% | LTV greater than 90% | 78.11% | |||||||||||||||
| FICO Less than 760 |
63.62% | |||||||||||||||||
| FICO Less than 780 |
72.00% | |||||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 1 |
Apr-22 | 276,825,223.14 | 0.000000% | 0.071400% | ||||||||||||||||||||||||
| 2 |
May-22 | 268,108,062.88 | 0.010977% | 0.084805% | ||||||||||||||||||||||||
| 3 |
Jun-22 | 260,376,464.78 | 0.010784% | 0.145163% | ||||||||||||||||||||||||
| 4 |
Jul-22 | 253,088,635.19 | 0.013585% | 0.202882% | ||||||||||||||||||||||||
| 5 |
Aug-22 | 244,871,489.89 | 0.054029% | 0.173456% | ||||||||||||||||||||||||
| 6 |
Sep-22 | 238,097,810.22 | 0.069591% | 0.243937% | ||||||||||||||||||||||||
| 7 |
Oct-22 | 231,691,154.12 | 0.103220% | 0.538070% | ||||||||||||||||||||||||
| 8 |
Nov-22 | 225,379,289.54 | 0.145570% | 0.548474% | ||||||||||||||||||||||||
| 9 |
Dec-22 | 219,027,089.40 | 0.263954% | 0.611696% | ||||||||||||||||||||||||
| 10 |
Jan-23 | 212,902,708.25 | 0.334914% | 0.749297% | ||||||||||||||||||||||||
Page 6 of 10
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 January 31, 2023
Cutoff Date of April 2022
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
11,261 | % New vehicles | 76.49% | |||||||||
| Total Principal Balance |
$308,065,944.42 | % Used vehicles | 23.51% | |||||||||
| Average Principal Balance |
$27,356.89 | % Cars and minivans | 33.28% | |||||||||
| Average Original Amount Financed |
$33,480.11 | % Light duty trucks | 14.18% | |||||||||
| Weighted Average APR |
4.07% | % Sport utility vehicles | 52.54% | |||||||||
| Weighted Average APR of Receivables |
% Toyota vehicles | 83.08% | ||||||||||
| with more than 75 Original Payments |
6.20% |
% Lexus vehicles |
16.92% | |||||||||
| Weighted Average Original Number |
Top 3 States: | CA | 24.31% | |||||||||
| of Scheduled Payments |
70.49 Payments | TX | 16.37% | |||||||||
| Weighted Average Remaining Number |
VA | 3.75% | ||||||||||
| of Scheduled Payments |
60.93 Payments | |||||||||||
| Weighted Average FICO |
750.39 | |||||||||||
| Weighted Average FICO of Receivables |
||||||||||||
| with more than 75 Original Payments |
728.75 | |||||||||||
| Weighted Average LTV |
100.50% | |||||||||||
| Weighted Average LTV of Receivables |
||||||||||||
| with more than 75 Original Payments |
111.82% | |||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
| FICO Less than 650 |
4.47% | More than 75 original scheduled payments | 9.73% | LTV greater than 130% | 6.09% | |||||||||||||
| FICO Less than 700 |
23.72% | More than 72 original scheduled payments | 24.60% | LTV greater than 120% | 14.57% | |||||||||||||
| FICO Less than 720 |
35.19% | LTV greater than 110% | 34.98% | |||||||||||||||
| FICO Less than 740 |
47.63% | LTV greater than 90% | 73.26% | |||||||||||||||
| FICO Less than 760 |
58.39% | |||||||||||||||||
| FICO Less than 780 |
67.74% | |||||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 1 |
Jul-22 | 280,801,642.99 | 0.012023% | 0.352388% | ||||||||||||||||||||||||
| 2 |
Aug-22 | 271,875,993.47 | 0.053830% | 0.281460% | ||||||||||||||||||||||||
| 3 |
Sep-22 | 263,596,395.96 | 0.123313% | 0.273119% | ||||||||||||||||||||||||
| 4 |
Oct-22 | 255,894,875.90 | 0.127692% | 0.411155% | ||||||||||||||||||||||||
| 5 |
Nov-22 | 248,675,097.89 | 0.155666% | 0.627426% | ||||||||||||||||||||||||
| 6 |
Dec-22 | 241,078,959.44 | 0.283454% | 0.556959% | ||||||||||||||||||||||||
| 7 |
Jan-23 | 233,826,826.50 | 0.375740% | 0.435516% | ||||||||||||||||||||||||
Page 7 of 10
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 January 31, 2023
Cutoff Date of July 2022
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
9,225 | % New vehicles | 98.25% | |||||||||
| Total Principal Balance |
$270,090,939.44 | % Used vehicles | 1.75% | |||||||||
| Average Principal Balance |
$29,278.15 | % Cars and minivans | 33.11% | |||||||||
| Average Original Amount Financed |
$36,140.09 | % Light duty trucks | 14.13% | |||||||||
| Weighted Average APR |
3.75% | % Sport utility vehicles | 52.76% | |||||||||
|
Weighted Average APR of Receivables |
% Toyota vehicles | 84.71% | ||||||||||
| with more than 75 Original Payments |
6.15% |
% Lexus vehicles |
15.29% | |||||||||
| Weighted Average Original Number |
Top 3 States: | CA | 23.85% | |||||||||
| of Scheduled Payments |
70.47 Payments | TX | 17.83% | |||||||||
| Weighted Average Remaining Number |
MD | 4.88% | ||||||||||
| of Scheduled Payments |
60.64 Payments | |||||||||||
| Weighted Average FICO |
754.09 | |||||||||||
| Weighted Average FICO of Receivables |
||||||||||||
| with more than 75 Original Payments |
730.58 | |||||||||||
| Weighted Average LTV |
101.94% | |||||||||||
| Weighted Average LTV of Receivables |
||||||||||||
| with more than 75 Original Payments |
110.70% | |||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
| FICO Less than 650 |
4.28% | More than 75 original scheduled payments | 9.67% | LTV greater than 130% | 6.70% | |||||||||||||
| FICO Less than 700 |
21.91% | More than 72 original scheduled payments | 23.54% | LTV greater than 120% | 17.79% | |||||||||||||
| FICO Less than 720 |
33.06% | LTV greater than 110% | 38.96% | |||||||||||||||
| FICO Less than 740 |
44.83% | LTV greater than 90% | 75.40% | |||||||||||||||
| FICO Less than 760 |
55.54% | |||||||||||||||||
| FICO Less than 780 |
64.82% | |||||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 1 |
Oct-22 | 246,341,968.83 | 0.014812% | 0.197707% | ||||||||||||||||||||||||
| 2 |
Nov-22 | 239,496,340.12 | 0.027315% | 0.235770% | ||||||||||||||||||||||||
| 3 |
Dec-22 | 232,578,617.98 | 0.101679% | 0.328677% | ||||||||||||||||||||||||
| 4 |
Jan-23 | 225,781,874.24 | 0.135094% | 0.423840% | ||||||||||||||||||||||||
Page 8 of 10
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 January 31, 2023
Cutoff Date of October 2022
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
8,734 | % New vehicles | 98.34% | |||||||||
| Total Principal Balance |
$273,937,739.41 | % Used vehicles | 1.66% | |||||||||
| Average Principal Balance |
$31,364.52 | % Cars and minivans | 31.65% | |||||||||
| Average Original Amount Financed |
$37,693.70 | % Light duty trucks | 22.99% | |||||||||
| Weighted Average APR |
4.86% | % Sport utility vehicles | 45.36% | |||||||||
| Weighted Average APR of Receivables |
% Toyota vehicles | 89.31% | ||||||||||
| with more than 75 Original Payments |
0.00% | % Lexus vehicles | 10.69% | |||||||||
| Weighted Average Original Number |
Top 3 States: | TX | 24.78% | |||||||||
| of Scheduled Payments |
71.81 Payments | CA | 17.54% | |||||||||
| Weighted Average Remaining Number |
VA | 4.25% | ||||||||||
| of Scheduled Payments |
62.87 Payments | |||||||||||
| Weighted Average FICO |
744.77 | |||||||||||
| Weighted Average FICO of Receivables |
||||||||||||
| with more than 75 Original Payments |
— | |||||||||||
| Weighted Average LTV |
103.51% | |||||||||||
| Weighted Average LTV of Receivables |
||||||||||||
| with more than 75 Original Payments |
0.00% | |||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
| FICO Less than 650 |
5.08% | More than 72 original scheduled payments | 48.25% | LTV greater than 130% | 7.04% | |||||||||||||
| FICO Less than 700 |
25.91% | LTV greater than 120% | 18.34% | |||||||||||||||
| FICO Less than 720 |
37.61% | LTV greater than 110% | 37.22% | |||||||||||||||
| FICO Less than 740 |
50.49% | LTV greater than 90% | 78.43% | |||||||||||||||
| FICO Less than 760 |
61.76% | |||||||||||||||||
| FICO Less than 780 |
70.82% | |||||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 1 |
Jan-23 | 252,455,721.02 | 0.013060% | 0.212880% | ||||||||||||||||||||||||
Page 9 of 10
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/ Stephen Bishop |
| Name: Stephen Bishop |
| Title: Group Manager - Treasury |
Page 10 of 10