Quarterly Report
Toyota Auto Loan Extended Note Trust 2022-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2022-1
Initial Receivables Static Pool Information
Quarter Ended June 30, 2023
Cutoff Date of March 2022
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
54,368 | % New vehicles | 77.25% | |||||||||
| Total Principal Balance |
$1,401,444,850.67 | % Used vehicles | 22.75% | |||||||||
| Average Principal Balance |
$25,777.02 | % Cars and minivans | 33.71% | |||||||||
| Average Original Amount Financed |
$33,095.62 | % Light duty trucks | 15.88% | |||||||||
| Weighted Average APR |
3.75% | % Sport utility vehicles | 50.41% | |||||||||
| Weighted Average APR of Receivables |
5.97% | % Toyota vehicles | 84.04% | |||||||||
| with more than 75 Original Payments |
||||||||||||
| % Lexus vehicles | 15.96% | |||||||||||
| Weighted Average Original Number |
70.11 payments | |||||||||||
| of Scheduled Payments |
Top 3 States: | CA | 24.09% | |||||||||
| Weighted Average Remaining Number |
58.79 payments | TX | 15.59% | |||||||||
| of Scheduled Payments |
VA | 3.94% | ||||||||||
| Weighted Average FICO |
760.34 | |||||||||||
| Weighted Average FICO of Receivables |
739.79 | |||||||||||
| with more than 75 Original Payments |
||||||||||||
| Weighted Average LTV |
99.80% | |||||||||||
| Weighted Average LTV of Receivables |
110.30% | |||||||||||
| with more than 75 Original Payments |
||||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
| FICO Less than 650 |
2.09% | More than 75 original scheduled payments | 11.65% | LTV greater than 130% | 5.60% | |||||||||||||
| FICO Less than 700 |
14.66% | More than 72 original scheduled payments | 24.74% | LTV greater than 120% | 13.70% | |||||||||||||
| FICO Less than 720 |
27.90% | LTV greater than 110% | 33.24% | |||||||||||||||
| FICO Less than 740 |
41.80% | LTV greater than 90% | 72.04% | |||||||||||||||
| FICO Less than 760 |
53.58% | |||||||||||||||||
| FICO Less than 780 |
63.66% | |||||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 3 |
Jul-22 | 1,230,555,144.32 | 0.012930% | 0.116702% | ||||||||||||||||||||||||
| 4 |
Aug-22 | 1,188,105,875.46 | 0.040737% | 0.131197% | ||||||||||||||||||||||||
| 5 |
Sep-22 | 1,150,011,042.53 | 0.056645% | 0.191388% | ||||||||||||||||||||||||
| 6 |
Oct-22 | 1,114,740,195.14 | 0.079373% | 0.215496% | ||||||||||||||||||||||||
| 7 |
Nov-22 | 1,080,827,871.17 | 0.103314% | 0.246599% | ||||||||||||||||||||||||
| 8 |
Dec-22 | 1,048,902,251.88 | 0.135668% | 0.298104% | ||||||||||||||||||||||||
| 9 |
Jan-23 | 1,016,144,498.06 | 0.175188% | 0.332962% | ||||||||||||||||||||||||
| 10 |
Feb-23 | 984,893,185.06 | 0.201691% | 0.264207% | ||||||||||||||||||||||||
| 11 |
Mar-23 | 950,310,346.22 | 0.225412% | 0.261747% | ||||||||||||||||||||||||
| 12 |
Apr-23 | 919,852,335.21 | 0.233315% | 0.310946% | ||||||||||||||||||||||||
| 13 |
May-23 | 886,159,180.20 | 0.261504% | 0.319684% | ||||||||||||||||||||||||
| 14 |
Jun-23 | 855,291,336.62 | 0.262689% | 0.327605% | ||||||||||||||||||||||||
Page 1 of 7
Quarterly Report
Toyota Auto Loan Extended Note Trust 2022-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2022-1
Additional Receivables Static Pool Information
Quarter Ended June 30, 2023
Cutoff Date of May 2022
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
3,102 | % New vehicles | 74.96% | |||||||||
| Total Principal Balance |
$85,190,166.62 | % Used vehicles | 25.04% | |||||||||
| Average Principal Balance |
$27,462.98 | % Cars and minivans | 31.12% | |||||||||
| Average Original Amount Financed |
$34,382.37 | % Light duty trucks | 15.54% | |||||||||
| Weighted Average APR |
4.40% | % Sport utility vehicles | 53.35% | |||||||||
| Weighted Average APR of Receivables |
6.12% | % Toyota vehicles | 85.46% | |||||||||
| with more than 75 Original Payments |
% Lexus vehicles |
14.54% | ||||||||||
| Weighted Average Original Number |
72.64 Payments | Top 3 States: | CA | 22.03% | ||||||||
| of Scheduled Payments |
TX | 16.74% | ||||||||||
| Weighted Average Remaining Number |
61.06 Payments | AZ | 4.52% | |||||||||
| of Scheduled Payments |
||||||||||||
| Weighted Average FICO |
746.63 | |||||||||||
| Weighted Average FICO of Receivables |
731.79 | |||||||||||
| with more than 75 Original Payments |
||||||||||||
| Weighted Average LTV |
102.25% | |||||||||||
| Weighted Average LTV of Receivables |
110.64% | |||||||||||
| with more than 75 Original Payments |
||||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
| FICO Less than 650 |
4.59% | More than 75 original scheduled payments | 26.34% | LTV greater than 130% | 7.27% | |||||||||||||
| FICO Less than 700 |
24.88% | More than 72 original scheduled payments | 38.06% | LTV greater than 120% | 17.00% | |||||||||||||
| FICO Less than 720 |
37.71% | LTV greater than 110% | 38.24% | |||||||||||||||
| FICO Less than 740 |
51.05% | LTV greater than 90% | 75.49% | |||||||||||||||
| FICO Less than 760 |
61.42% | |||||||||||||||||
| FICO Less than 780 |
70.73% | |||||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 2 |
Jul-22 | 80,592,461.58 | 0.000000% | 0.076147% | ||||||||||||||||||||||||
| 3 |
Aug-22 | 78,118,642.04 | 0.000000% | 0.198549% | ||||||||||||||||||||||||
| 4 |
Sep-22 | 75,769,312.30 | 0.000000% | 0.221656% | ||||||||||||||||||||||||
| 5 |
Oct-22 | 73,473,414.46 | 0.089207% | 0.335308% | ||||||||||||||||||||||||
| 6 |
Nov-22 | 71,336,272.14 | 0.088246% | 0.420843% | ||||||||||||||||||||||||
| 7 |
Dec-22 | 69,080,213.85 | 0.118921% | 0.612839% | ||||||||||||||||||||||||
| 8 |
Jan-23 | 67,069,839.82 | 0.111571% | 0.749652% | ||||||||||||||||||||||||
| 9 |
Feb-23 | 65,058,091.92 | 0.270980% | 0.412824% | ||||||||||||||||||||||||
| 10 |
Mar-23 | 62,961,512.51 | 0.257607% | 0.488940% | ||||||||||||||||||||||||
| 11 |
Apr-23 | 60,927,261.92 | 0.204055% | 0.584511% | ||||||||||||||||||||||||
| 12 |
May-23 | 58,781,329.11 | 0.293084% | 0.380812% | ||||||||||||||||||||||||
| 13 |
Jun-23 | 56,626,732.26 | 0.421721% | 0.420568% | ||||||||||||||||||||||||
Page 2 of 7
Quarterly Report
Toyota Auto Loan Extended Note Trust 2022-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2022-1
Additional Receivables Static Pool Information
Quarter Ended June 30, 2023
Cutoff Date of June 2022
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
7,520 | % New vehicles | 75.50% | |||||||||
| Total Principal Balance |
$209,144,402.73 | % Used vehicles | 24.50% | |||||||||
| Average Principal Balance |
$27,811.76 | % Cars and minivans | 32.38% | |||||||||
| Average Original Amount Financed |
$35,065.58 | % Light duty trucks | 16.24% | |||||||||
| Weighted Average APR |
4.53% | % Sport utility vehicles | 51.38% | |||||||||
| Weighted Average APR of Receivables |
6.18% | % Toyota vehicles | 85.82% | |||||||||
| with more than 75 Original Payments |
% Lexus vehicles |
14.18% | ||||||||||
| Weighted Average Original Number |
73.39 Payments | Top 3 States: | CA | 21.36% | ||||||||
| of Scheduled Payments |
|
TX | 16.39% | |||||||||
| Weighted Average Remaining Number |
61.59 Payments | VA | 3.93% | |||||||||
| of Scheduled Payments |
||||||||||||
| Weighted Average FICO |
745.23 | |||||||||||
| Weighted Average FICO of Receivables |
731.62 | |||||||||||
| with more than 75 Original Payments |
||||||||||||
| Weighted Average LTV |
103.36% | |||||||||||
| Weighted Average LTV of Receivables |
111.47% | |||||||||||
| with more than 75 Original Payments |
||||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
| FICO Less than 650 |
4.52% | More than 75 original scheduled payments | 29.05% | LTV greater than 130% | 7.55% | |||||||||||||
| FICO Less than 700 |
26.65% | More than 72 original scheduled payments | 42.08% | LTV greater than 120% | 18.81% | |||||||||||||
| FICO Less than 720 |
38.60% | LTV greater than 110% | 41.10% | |||||||||||||||
| FICO Less than 740 |
51.62% | LTV greater than 90% | 78.05% | |||||||||||||||
| FICO Less than 760 |
61.97% | |||||||||||||||||
| FICO Less than 780 |
71.00% | |||||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 1 |
Sep-22 | 190,838,302.87 | 0.000000% | 0.291192% | ||||||||||||||||||||||||
| 2 |
Oct-22 | 185,030,542.01 | 0.087788% | 0.299961% | ||||||||||||||||||||||||
| 3 |
Nov-22 | 179,911,608.99 | 0.105238% | 0.412862% | ||||||||||||||||||||||||
| 4 |
Dec-22 | 175,022,156.16 | 0.156569% | 0.531290% | ||||||||||||||||||||||||
| 5 |
Jan-23 | 169,681,292.18 | 0.236861% | 0.507128% | ||||||||||||||||||||||||
| 6 |
Feb-23 | 164,557,153.36 | 0.274172% | 0.624521% | ||||||||||||||||||||||||
| 7 |
Mar-23 | 158,945,044.61 | 0.326285% | 0.468147% | ||||||||||||||||||||||||
| 8 |
Apr-23 | 154,303,576.96 | 0.308305% | 0.468135% | ||||||||||||||||||||||||
| 9 |
May-23 | 149,162,052.52 | 0.342218% | 0.686234% | ||||||||||||||||||||||||
| 10 |
Jun-23 | 143,898,565.84 | 0.347730% | 0.493612% | ||||||||||||||||||||||||
Page 3 of 7
Quarterly Report
Toyota Auto Loan Extended Note Trust 2022-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2022-1
Additional Receivables Static Pool Information
Quarter Ended June 30, 2023
Cutoff Date of October 2022
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
4,230 | % New vehicles | 76.83% | |||||||||
| Total Principal Balance |
$112,828,591.71 | % Used vehicles | 23.17% | |||||||||
| Average Principal Balance |
$26,673.43 | % Cars and minivans | 32.52% | |||||||||
| Average Original Amount Financed |
$33,679.49 | % Light duty trucks | 14.17% | |||||||||
| Weighted Average APR |
4.00% | % Sport utility vehicles | 53.31% | |||||||||
| Weighted Average APR of Receivables |
6.24% | % Toyota vehicles | 81.49% | |||||||||
| with more than 75 Original Payments |
% Lexus vehicles |
18.51% | ||||||||||
| Weighted Average Original Number |
69.08 Payments | Top 3 States: | CA | 24.34% | ||||||||
| of Scheduled Payments |
|
TX | 15.74% | |||||||||
| Weighted Average Remaining Number |
58.39 Payments | MD | 3.76% | |||||||||
| of Scheduled Payments |
||||||||||||
| Weighted Average FICO |
757.00 | |||||||||||
| Weighted Average FICO of Receivables |
735.07 | |||||||||||
| with more than 75 Original Payments |
||||||||||||
| Weighted Average LTV |
97.92% | |||||||||||
| Weighted Average LTV of Receivables |
113.03% | |||||||||||
| with more than 75 Original Payments |
||||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
| FICO Less than 650 |
4.29% | More than 75 original scheduled payments | 4.14% | LTV greater than 130% | 5.46% | |||||||||||||
| FICO Less than 700 |
21.14% | More than 72 original scheduled payments | 17.04% | LTV greater than 120% | 13.52% | |||||||||||||
| FICO Less than 720 |
31.80% | LTV greater than 110% | 28.70% | |||||||||||||||
| FICO Less than 740 |
43.80% | LTV greater than 90% | 68.68% | |||||||||||||||
| FICO Less than 760 |
53.54% | |||||||||||||||||
| FICO Less than 780 |
62.92% | |||||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 1 |
Dec-22 | 106,699,351.11 | 0.000000% | 0.084069% | ||||||||||||||||||||||||
| 2 |
Jan-23 | 103,469,572.16 | 0.000000% | 0.154118% | ||||||||||||||||||||||||
| 3 |
Feb-23 | 100,400,422.43 | 0.036415% | 0.150775% | ||||||||||||||||||||||||
| 4 |
Mar-23 | 96,986,190.49 | 0.071690% | 0.171904% | ||||||||||||||||||||||||
| 5 |
Apr-23 | 93,955,201.28 | 0.101160% | 0.272078% | ||||||||||||||||||||||||
| 6 |
May-23 | 90,925,767.61 | 0.103191% | 0.265899% | ||||||||||||||||||||||||
| 7 |
Jun-23 | 88,169,959.42 | 0.105467% | 0.382671% | ||||||||||||||||||||||||
Page 4 of 7
Quarterly Report
Toyota Auto Loan Extended Note Trust 2022-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2022-1
Additional Receivables Static Pool Information
Quarter Ended June 30, 2023
Cutoff Date of January 2023
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
2,695 | % New vehicles | 79.30% | |||||||||
| Total Principal Balance |
$73,977,095.29 | % Used vehicles | 20.70% | |||||||||
| Average Principal Balance |
$27,449.76 | % Cars and minivans | 32.71% | |||||||||
| Average Original Amount Financed |
$34,535.66 | % Light duty trucks | 18.05% | |||||||||
| Weighted Average APR |
4.43% | % Sport utility vehicles | 49.24% | |||||||||
| Weighted Average APR of Receivables |
6.71% | % Toyota vehicles | 84.40% | |||||||||
| with more than 75 Original Payments |
% Lexus vehicles |
15.60% | ||||||||||
| Weighted Average Original Number |
69.22 Payments | Top 3 States: | CA | 23.47% | ||||||||
| of Scheduled Payments |
|
TX | 17.32% | |||||||||
| Weighted Average Remaining Number |
58.33 Payments | MD | 4.22% | |||||||||
| of Scheduled Payments |
||||||||||||
| Weighted Average FICO |
752.63 | |||||||||||
| Weighted Average FICO of Receivables |
730.47 | |||||||||||
| with more than 75 Original Payments |
||||||||||||
| Weighted Average LTV |
99.75% | |||||||||||
| Weighted Average LTV of Receivables |
111.42% | |||||||||||
| with more than 75 Original Payments |
||||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
| FICO Less than 650 |
4.20% | More than 75 original scheduled payments | 11.15% | LTV greater than 130% | 6.26% | |||||||||||||
| FICO Less than 700 |
22.22% | More than 72 original scheduled payments | 20.11% | LTV greater than 120% | 14.76% | |||||||||||||
| FICO Less than 720 |
33.48% | LTV greater than 110% | 31.62% | |||||||||||||||
| FICO Less than 740 |
45.88% | LTV greater than 90% | 72.34% | |||||||||||||||
| FICO Less than 760 |
57.47% | |||||||||||||||||
| FICO Less than 780 |
67.02% | |||||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 1 |
Mar-23 | 69,584,778.05 | 0.000000% | 0.130253% | ||||||||||||||||||||||||
| 2 |
Apr-23 | 67,727,205.34 | 0.000000% | 0.157299% | ||||||||||||||||||||||||
| 3 |
May-23 | 65,603,114.31 | 0.007347% | 0.184042% | ||||||||||||||||||||||||
| 4 |
Jun-23 | 63,585,283.66 | 0.116891% | 0.148032% | ||||||||||||||||||||||||
Page 5 of 7
Quarterly Report
Toyota Auto Loan Extended Note Trust 2022-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2022-1
Additional Receivables Static Pool Information
Quarter Ended June 30, 2023
Cutoff Date of March 2023
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
4,965 | % New vehicles | 79.12% | |||||||||
| Total Principal Balance |
$138,398,961.33 | % Used vehicles | 20.88% | |||||||||
| Average Principal Balance |
$27,874.92 | % Cars and minivans | 33.04% | |||||||||
| Average Original Amount Financed |
$35,155.12 | % Light duty trucks | 18.37% | |||||||||
| Weighted Average APR |
4.86% | % Sport utility vehicles | 48.59% | |||||||||
| Weighted Average APR of Receivables |
6.83% | % Toyota vehicles | 82.89% | |||||||||
| with more than 75 Original Payments |
% Lexus vehicles |
17.11% | ||||||||||
| Weighted Average Original Number |
69.60 Payments | Top 3 States: | CA | 22.12% | ||||||||
| of Scheduled Payments |
|
TX | 16.50% | |||||||||
| Weighted Average Remaining Number |
58.40 Payments | MD | 4.02% | |||||||||
| of Scheduled Payments |
||||||||||||
| Weighted Average FICO |
753.43 | |||||||||||
| Weighted Average FICO of Receivables |
729.56 | |||||||||||
| with more than 75 Original Payments |
||||||||||||
| Weighted Average LTV |
100.23% | |||||||||||
| Weighted Average LTV of Receivables |
112.29% | |||||||||||
| with more than 75 Original Payments |
||||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
| FICO Less than 650 |
3.63% | More than 75 original scheduled payments | 13.25% | LTV greater than 130% | 6.09% | |||||||||||||
| FICO Less than 700 |
22.30% | More than 72 original scheduled payments | 21.93% | LTV greater than 120% | 16.29% | |||||||||||||
| FICO Less than 720 |
34.30% | LTV greater than 110% | 33.91% | |||||||||||||||
| FICO Less than 740 |
46.71% | LTV greater than 90% | 72.13% | |||||||||||||||
| FICO Less than 760 |
57.40% | |||||||||||||||||
| FICO Less than 780 |
65.90% | |||||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 1 |
Jun-23 | 126,745,303.47 | 0.000000% | 0.235294% | ||||||||||||||||||||||||
Page 6 of 7
Quarterly Report
Toyota Auto Loan Extended Note Trust 2022-1
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 7 of 7