Quarterly Report
Toyota Auto Loan Extended Note Trust 2023-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2023-1
Initial Receivables Static Pool Information
Quarter Ended February 29, 2024
Cutoff Date of May 2023
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
54,080 | % New vehicles | 80.16% | |||||||||
| Total Principal Balance |
$1,464,419,206.68 | % Used vehicles | 19.84% | |||||||||
| Average Principal Balance |
$27,078.76 | % Cars and minivans | 30.67% | |||||||||
| Average Original Amount Financed |
$34,784.89 | % Light duty trucks | 19.45% | |||||||||
| Weighted Average APR |
4.97% | % Sport utility vehicles | 49.88% | |||||||||
| Weighted Average APR of Receivables |
% Toyota vehicles | 84.26% | ||||||||||
| with more than 75 Original Payments |
7.07% |
% Lexus vehicles |
15.74% | |||||||||
| Weighted Average Original Number |
Top 3 States: | CA | 21.89% | |||||||||
| of Scheduled Payments |
69.01 payments |
TX |
16.80% | |||||||||
| Weighted Average Remaining Number |
NJ | 3.68% | ||||||||||
| of Scheduled Payments |
57.08 payments | |||||||||||
| Weighted Average FICO |
755.14 | |||||||||||
| Weighted Average FICO of Receivables |
||||||||||||
| with more than 75 Original Payments |
731.66 | |||||||||||
| Weighted Average LTV |
100.06% | |||||||||||
| Weighted Average LTV of Receivables |
||||||||||||
| with more than 75 Original Payments |
111.98% | |||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||
| FICO Less than 650 |
3.87% | More than 75 original scheduled payments | 10.97% | LTV greater than 130% | 6.25% | |||||||||||
| FICO Less than 700 |
21.60% | More than 72 original scheduled payments | 18.08% | LTV greater than 120% | 16.40% | |||||||||||
| FICO Less than 720 |
32.78% | LTV greater than 110% | 34.56% | |||||||||||||
| FICO Less than 740 |
44.78% | LTV greater than 90% | 71.76% | |||||||||||||
| FICO Less than 760 |
55.09% | |||||||||||||||
| FICO Less than 780 |
64.33% | |||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 1 |
Jul-23 | 1,374,996,620.63 | 0.000050% | 0.112256% | ||||||||||||||||||||||||
| 2 |
Aug-23 | 1,331,533,774.98 | 0.011052% | 0.222160% | ||||||||||||||||||||||||
| 3 |
Sep-23 | 1,291,479,563.74 | 0.061182% | 0.263196% | ||||||||||||||||||||||||
| 4 |
Oct-23 | 1,250,683,210.45 | 0.096088% | 0.323959% | ||||||||||||||||||||||||
| 5 |
Nov-23 | 1,213,514,399.34 | 0.144757% | 0.345698% | ||||||||||||||||||||||||
| 6 |
Dec-23 | 1,177,368,100.40 | 0.203776% | 0.358182% | ||||||||||||||||||||||||
| 7 |
Jan-24 | 1,138,301,629.27 | 0.245859% | 0.442738% | ||||||||||||||||||||||||
| 8 |
Feb-24 | 1,101,813,791.75 | 0.264961% | 0.464251% | ||||||||||||||||||||||||
Page 1 of 5
Quarterly Report
Toyota Auto Loan Extended Note Trust 2023-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2023-1
Additional Receivables Static Pool Information
Quarter Ended February 29, 2024
Cutoff Date of July 2023
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
3,144 | % New vehicles | 77.49% | |||||||||
| Total Principal Balance |
$85,254,563.76 | % Used vehicles | 22.51% | |||||||||
| Average Principal Balance |
$27,116.59 | % Cars and minivans | 31.08% | |||||||||
| Average Original Amount Financed |
$34,661.42 | % Light duty trucks | 18.53% | |||||||||
| Weighted Average APR |
5.60% | % Sport utility vehicles | 50.40% | |||||||||
| Weighted Average APR of Receivables |
% Toyota vehicles | 84.20% | ||||||||||
| with more than 75 Original Payments |
7.34% |
% Lexus vehicles |
15.80% | |||||||||
| Weighted Average Original Number |
Top 3 States: | CA | 18.87% | |||||||||
| of Scheduled Payments |
70.28 Payments |
TX |
16.72% | |||||||||
| Weighted Average Remaining Number |
NJ | 3.90% | ||||||||||
| of Scheduled Payments |
58.07 Payments | |||||||||||
| Weighted Average FICO |
754.34 | |||||||||||
| Weighted Average FICO of Receivables |
||||||||||||
| with more than 75 Original Payments |
734.94 | |||||||||||
| Weighted Average LTV |
99.21% | |||||||||||
| Weighted Average LTV of Receivables |
||||||||||||
| with more than 75 Original Payments |
105.46% | |||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||
| FICO Less than 650 |
4.68% | More than 75 original scheduled payments | 20.23% | LTV greater than 130% | 5.36% | |||||||||||
| FICO Less than 700 |
21.84% | More than 72 original scheduled payments | 26.29% | LTV greater than 120% | 15.33% | |||||||||||
| FICO Less than 720 |
32.14% | LTV greater than 110% | 31.61% | |||||||||||||
| FICO Less than 740 |
44.41% | LTV greater than 90% | 70.76% | |||||||||||||
| FICO Less than 760 |
56.00% | |||||||||||||||
| FICO Less than 780 |
64.21% | |||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 1 |
Aug-23 | 82,685,378.44 | 0.000000% | 0.000000% | ||||||||||||||||||||||||
| 2 |
Sep-23 | 80,259,809.38 | 0.000000% | 0.140703% | ||||||||||||||||||||||||
| 3 |
Oct-23 | 77,821,234.35 | 0.000000% | 0.116440% | ||||||||||||||||||||||||
| 4 |
Nov-23 | 75,519,258.25 | 0.000000% | 0.191373% | ||||||||||||||||||||||||
| 5 |
Dec-23 | 73,336,574.57 | 0.077676% | 0.461709% | ||||||||||||||||||||||||
| 6 |
Jan-24 | 71,179,041.29 | 0.117696% | 0.751686% | ||||||||||||||||||||||||
| 7 |
Feb-24 | 68,626,902.42 | 0.242004% | 0.412632% | ||||||||||||||||||||||||
Page 2 of 5
Quarterly Report
Toyota Auto Loan Extended Note Trust 2023-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2023-1
Additional Receivables Static Pool Information
Quarter Ended February 29, 2024
Cutoff Date of August 2023
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
5,529 | % New vehicles | 100.00% | |||||||||
| Total Principal Balance |
$158,425,338.36 | % Used vehicles | 0.00% | |||||||||
| Average Principal Balance |
$28,653.52 | % Cars and minivans | 28.81% | |||||||||
| Average Original Amount Financed |
$36,928.58 | % Light duty trucks | 20.58% | |||||||||
| Weighted Average APR |
5.26% | % Sport utility vehicles | 50.61% | |||||||||
| Weighted Average APR of Receivables |
% Toyota vehicles | 86.14% | ||||||||||
| with more than 75 Original Payments |
7.16% |
% Lexus vehicles |
13.86% | |||||||||
| Weighted Average Original Number |
Top 3 States: | CA | 19.39% | |||||||||
| of Scheduled Payments |
69.76 Payments |
TX |
16.28% | |||||||||
| Weighted Average Remaining Number |
MD | 4.19% | ||||||||||
| of Scheduled Payments |
57.01 Payments | |||||||||||
| Weighted Average FICO |
759.49 | |||||||||||
| Weighted Average FICO of Receivables |
||||||||||||
| with more than 75 Original Payments |
733.86 | |||||||||||
| Weighted Average LTV |
100.34% | |||||||||||
| Weighted Average LTV of Receivables |
||||||||||||
| with more than 75 Original Payments |
110.91% | |||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
| FICO Less than 650 |
2.78% | More than 75 original scheduled payments | 18.78% | LTV greater than 130% | 6.59% | |||||||||||||
| FICO Less than 700 |
19.48% | More than 72 original scheduled payments | 24.01% | LTV greater than 120% | 15.35% | |||||||||||||
| FICO Less than 720 |
30.06% | LTV greater than 110% | 33.89% | |||||||||||||||
| FICO Less than 740 |
41.81% | LTV greater than 90% | 73.23% | |||||||||||||||
| FICO Less than 760 |
52.30% | |||||||||||||||||
| FICO Less than 780 |
61.96% | |||||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 1 |
Nov-23 | 145,228,843.89 | 0.035793% | 0.257161% | ||||||||||||||||||||||||
| 2 |
Dec-23 | 140,259,416.74 | 0.115718% | 0.154237% | ||||||||||||||||||||||||
| 3 |
Jan-24 | 135,856,526.90 | 0.133759% | 0.213899% | ||||||||||||||||||||||||
| 4 |
Feb-24 | 131,725,597.31 | 0.093039% | 0.291236% | ||||||||||||||||||||||||
Page 3 of 5
Quarterly Report
Toyota Auto Loan Extended Note Trust 2023-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2023-1
Additional Receivables Static Pool Information
Quarter Ended February 29, 2024
Cutoff Date of November 2023
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
4,130 | % New vehicles | 83.53% | |||||||||
| Total Principal Balance |
$115,473,855.92 | % Used vehicles | 16.47% | |||||||||
| Average Principal Balance |
$27,959.77 | % Cars and minivans | 28.46% | |||||||||
| Average Original Amount Financed |
$35,832.76 | % Light duty trucks | 19.09% | |||||||||
| Weighted Average APR |
6.05% | % Sport utility vehicles | 52.45% | |||||||||
| Weighted Average APR of Receivables |
% Toyota vehicles | 82.94% | ||||||||||
| with more than 75 Original Payments |
7.81% |
% Lexus vehicles |
17.06% | |||||||||
| Weighted Average Original Number |
Top 3 States: | TX | 17.54% | |||||||||
| of Scheduled Payments |
70.00 Payments |
CA |
16.67% | |||||||||
| Weighted Average Remaining Number |
MD | 4.26% | ||||||||||
| of Scheduled Payments |
58.01 Payments | |||||||||||
| Weighted Average FICO |
756.00 | |||||||||||
| Weighted Average FICO of Receivables |
||||||||||||
| with more than 75 Original Payments |
734.88 | |||||||||||
| Weighted Average LTV |
99.14% | |||||||||||
| Weighted Average LTV of Receivables |
||||||||||||
| with more than 75 Original Payments |
111.31% | |||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
| FICO Less than 650 |
3.25% | More than 75 original scheduled payments | 20.69% | LTV greater than 130% | 6.03% | |||||||||||||
| FICO Less than 700 |
19.49% | More than 72 original scheduled payments | 25.63% | LTV greater than 120% | 15.70% | |||||||||||||
| FICO Less than 720 |
32.01% | LTV greater than 110% | 32.40% | |||||||||||||||
| FICO Less than 740 |
44.21% | LTV greater than 90% | 70.45% | |||||||||||||||
| FICO Less than 760 |
54.80% | |||||||||||||||||
| FICO Less than 780 |
64.68% | |||||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 1 |
Feb-24 | 106,074,158.22 | 0.000000% | 0.547546% | ||||||||||||||||||||||||
Page 4 of 5
Quarterly Report
Toyota Auto Loan Extended Note Trust 2023-1
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: General Manager - Treasury |
Page 5 of 5