Exhibit 99.1
Servicer’s Certificate
for the Collection Period September 01, 2024 through October 31, 2024
for Payment Date of November 15, 2024
Toyota Auto Receivables 2024-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
61 | 30/360 Days |
28 | |||||
| Interest Accrual Period |
29 | Actual/360 Days |
29 |
| Class | Initial Principal Balance |
Final Scheduled Payment Date |
Beginning Principal Balance |
Beginning Principal Factor |
First Priority |
Second Priority Principal Distribution Amount |
Regular Principal Distribution Amount |
Ending Principal |
Ending Principal Factor |
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| A-1 | $349,000,000.00 | 10/15/25 | $349,000,000.00 | 1.0000000 | $70,441,152.39 | $43,750,000.00 | $14,875,000.01 | $219,933,847.60 | 0.6301829 | |||||||||||||||||||||||||||
| A-2a | $265,000,000.00 | 8/16/27 | $265,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $265,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| A-2b | $397,500,000.00 | 8/16/27 | $397,500,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $397,500,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| A-3 | $597,500,000.00 | 6/15/29 | $597,500,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $597,500,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| A-4 | $97,250,000.00 | 4/15/30 | $97,250,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $97,250,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $43,750,000.00 | 4/15/31 | $43,750,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $43,750,000.00 | 1.0000000 | |||||||||||||||||||||||||||
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| Total | $1,750,000,000.00 | $1,750,000,000.00 | $70,441,152.39 | $43,750,000.00 | $14,875,000.01 | $1,620,933,847.60 | 0.9262479 | |||||||||||||||||||||||||||||
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| Class | Interest Rate | Interest Distributable Amount |
Prior Interest Carryover |
Interest Distribution Amount |
Current Interest Carryover |
Total Principal & |
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| A-1 | 4.79100% | $1,346,936.42 | $0.00 | $1,346,936.42 | $0.00 | $130,413,088.82 | ||||||||||||||||||||
| A-2a | 4.55000% | $937,805.56 | $0.00 | $937,805.56 | $0.00 | $937,805.56 | ||||||||||||||||||||
| A-2b | 5.31341% | $1,701,398.16 | $0.00 | $1,701,398.16 | $0.00 | $1,701,398.16 | ||||||||||||||||||||
| A-3 | 4.40000% | $2,044,777.78 | $0.00 | $2,044,777.78 | $0.00 | $2,044,777.78 | ||||||||||||||||||||
| A-4 | 4.43000% | $335,080.28 | $0.00 | $335,080.28 | $0.00 | $335,080.28 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
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| Total | $6,365,998.20 | $0.00 | $6,365,998.20 | $0.00 | $135,432,150.60 | |||||||||||||||||||||
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Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
| Initial Deposit Amount |
$4,375,000.00 | Beginning Period Amount |
$91,920,696.75 | |||||||
| Specified Reserve Account Amount |
$4,375,000.00 | Increase/(Decrease) |
$(8,925,701.38 | ) | ||||||
| Beginning Balance |
$4,375,000.00 | Ending Period Amount |
$82,994,995.37 | |||||||
| Withdrawals |
$0.00 | |||||||||
| Amount Available for Deposit |
$17,306,967.20 | Overcollateralization | ||||||||
| Amount Deposited to the Reserve Account |
$0.00 | |||||||||
| Reserve Account Balance Prior to Release |
$4,375,000.00 | Adjusted Pool Balance |
$1,635,808,847.61 | |||||||
| Reserve Account Required Amount |
$4,375,000.00 | Total Note Balance |
$1,620,933,847.60 | |||||||
| Reserve Account Release to Seller |
$0.00 | Ending Overcollateralization Amount |
$14,875,000.01 | |||||||
| Ending Reserve Account Balance |
$4,375,000.00 | Overcollateralization Target Amount |
$14,875,000.01 | |||||||
Page 1 of 6
Servicer’s Certificate
for the Collection Period September 01, 2024 through October 31, 2024
for Payment Date of November 15, 2024
Toyota Auto Receivables 2024-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
61 | 30/360 Days |
28 | |||||
| Interest Accrual Period |
29 | Actual/360 Days |
29 |
Liquidations of Charge-offs and Repossessions
| Cumulative | ||||||||||||||||||||
| Current Period Only | Current Period | Prior Period | Two Periods Prior | Three Periods Prior | ||||||||||||||||
| Number of Liquidated Receivables |
3 | 3 | 0 | 0 | 0 | |||||||||||||||
| Gross Principal of Liquidated Receivables |
$138,216.45 | $138,216.45 | $0.00 | $0.00 | $0.00 | |||||||||||||||
| Principal of Repurchased Contracts, previously charged-off |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||
| Net Liquidation Proceeds Received During the Collection Period |
$(32,213.95 | ) | $(32,213.95 | ) | $0.00 | $0.00 | $0.00 | |||||||||||||
| Recoveries on Previously Liquidated Contracts |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||
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| Net Credit Losses |
$106,002.50 | $106,002.50 | $0.00 | $0.00 | $0.00 | |||||||||||||||
| Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.00432% | 0.00000% | 0.00000% | 0.00000% | ||||||||||||||||
| Number of Accounts with Liquidation Proceeds or Recoveries |
3 | 0 | 0 | 0 | ||||||||||||||||
| Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.00595% | 0.00000% | 0.00000% | 0.00000% | ||||||||||||||||
| Number of Assets Experiencing a Net Loss |
3 | 0 | 0 | 0 | ||||||||||||||||
| Net Credit Losses for Assets Experiencing a Loss |
$106,002.50 | $0.00 | $0.00 | $0.00 | ||||||||||||||||
| Average Net Loss on all assets that have Experienced a Net Loss |
$35,334.17 | $0.00 | $0.00 | $0.00 | ||||||||||||||||
| Cumulative Net Loss Ratio |
0.00575% | 0.00000% | 0.00000% | 0.00000% | ||||||||||||||||
| Repossessed in Current Period |
10 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
| Receivables Pool Balance |
$1,841,920,697.79 | $1,841,920,697.79 | $1,718,803,842.98 | |||||||||||||
| Number of Contracts |
69,385 | 69,385 | 67,133 | |||||||||||||
| Weighted Average APR |
5.96% | 5.96% | 5.97% | |||||||||||||
| Weighted Average Remaining Term (Months) |
53.37 | 53.37 | 51.62 | |||||||||||||
Page 2 of 6
Servicer’s Certificate
for the Collection Period September 01, 2024 through October 31, 2024
for Payment Date of November 15, 2024
Toyota Auto Receivables 2024-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
61 | 30/360 Days |
28 | |||||
| Interest Accrual Period |
29 | Actual/360 Days |
29 |
Collections
| Principal Payments Received |
$78,277,296.15 | |||
| Prepayments in Full |
$44,638,846.89 | |||
| Interest Payments Received |
$17,923,746.87 | |||
| Aggregate Net Liquidation Proceeds |
$32,213.95 | |||
| Interest on Repurchased Contracts |
$(613.56 | ) | ||
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| Total Collections |
$140,871,490.30 | |||
| Principal of Repurchased Contracts |
$62,495.32 | |||
| Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
| Adjustment on Repurchased Contracts |
$0.00 | |||
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| Total Repurchased Amount |
$62,495.32 | |||
| Total Available Collections |
$140,933,985.62 |
Distributions
| Calculated Amount | Amount Paid | Shortfall | ||||||||||||||
| Servicing Fee |
$3,069,867.83 | $3,069,867.83 | $0.00 | |||||||||||||
| Trustee and Other Fees/Expenses (capped at $300,000.00 per calendar year) |
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| 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 |
$1,346,936.42 | $1,346,936.42 | $0.00 | |||||||||||||
| Interest - Class A-2a Notes |
$937,805.56 | $937,805.56 | $0.00 | |||||||||||||
| Interest - Class A-2b Notes |
$1,701,398.16 | $1,701,398.16 | $0.00 | |||||||||||||
| Interest - Class A-3 Notes |
$2,044,777.78 | $2,044,777.78 | $0.00 | |||||||||||||
| Interest - Class A-4 Notes |
$335,080.28 | $335,080.28 | $0.00 | |||||||||||||
| First Priority Principal Distribution Amount |
$70,441,152.39 | $70,441,152.39 | $0.00 | |||||||||||||
| Interest - Class B Notes |
$0.00 | $0.00 | $0.00 | |||||||||||||
| Second Priority Principal Distribution Amount |
$43,750,000.00 | $43,750,000.00 | $0.00 | |||||||||||||
| Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||||||||
| Regular Principal Distribution Amount |
$14,875,000.01 | $14,875,000.01 | $0.00 | |||||||||||||
| Additional Trustee and Other Fees/Expenses |
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| 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 |
$2,431,967.19 | $2,431,967.19 | N/A | |||||||||||||
Page 3 of 6
Servicer’s Certificate
for the Collection Period September 01, 2024 through October 31, 2024
for Payment Date of November 15, 2024
Toyota Auto Receivables 2024-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
61 | 30/360 Days |
28 | |||||
| Interest Accrual Period |
29 | Actual/360 Days |
29 |
Noteholder Distributions
| Interest Distributed |
Per $1000 of Original Balance |
Principal Distributed |
Per $1000 of Original Balance |
Amount Distributed |
Per $1000 of Original Balance |
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| Class A-1 Notes |
$1,346,936.42 | $3.86 | $129,066,152.40 | $369.82 | $130,413,088.82 | $373.68 | ||||||||||||||||||||||||||||
| Class A-2a Notes |
$937,805.56 | $3.54 | $0.00 | $0.00 | $937,805.56 | $3.54 | ||||||||||||||||||||||||||||
| Class A-2b Notes |
$1,701,398.16 | $4.28 | $0.00 | $0.00 | $1,701,398.16 | $4.28 | ||||||||||||||||||||||||||||
| Class A-3 Notes |
$2,044,777.78 | $3.42 | $0.00 | $0.00 | $2,044,777.78 | $3.42 | ||||||||||||||||||||||||||||
| Class A-4 Notes |
$335,080.28 | $3.45 | $0.00 | $0.00 | $335,080.28 | $3.45 | ||||||||||||||||||||||||||||
| 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 |
0.45% | 305 | 0.52% | $8,858,142.88 | ||||||||||||
| 60-89 Days Delinquent |
0.06% | 42 | 0.07% | $1,200,339.39 | ||||||||||||
| 90-119 Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
| 120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
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| Total Delinquencies |
0.51% | 347 | 0.59% | $10,058,482.27 | ||||||||||||
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| Total Delinquencies - Prior Period |
0.00% | 0.00% | ||||||||||||||
| Total Delinquencies - Two Months Prior |
0.00% | 0.00% | ||||||||||||||
| Total Delinquencies - Three Months Prior |
0.00% | 0.00% | ||||||||||||||
| Receivables Pool Balance |
$1,718,803,842.98 | |||||||||||||||
| 60-Day Delinquency Percentage |
0.07% | |||||||||||||||
| Delinquency Trigger Percentage |
4.95% | |||||||||||||||
| Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
| Repossessed Vehicle Inventory* |
10 vehicles | |||||||||||||||
| * Included with Delinquencies Above |
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Page 4 of 6
Servicer’s Certificate
for the Collection Period September 01, 2024 through October 31, 2024
for Payment Date of November 15, 2024
Toyota Auto Receivables 2024-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Credit Risk Retention
On the Closing Date, Toyota Auto Finance Receivables LLC retained $17,450,000 of the Class A-1 Notes, $13,250,000 of the Class A-2a Notes, $19,875,000 of the Class A-2b Notes, $29,875,000 of the Class A-3 Notes, $4,863,000 of the Class A-4 Notes, $43,750,000 of the Class B Notes and 100% of the Certificate.
Page 5 of 6
Servicer’s Certificate
for the Collection Period September 01, 2024 through October 31, 2024
for Payment Date of November 15, 2024
Toyota Auto Receivables 2024-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 6 of 6