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 March 31, 2025

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

        % Toyota vehicles      84.04%  

with more than 75 Original Payments

     5.97%       

 

% Lexus vehicles

     15.96%  

Weighted Average Original Number

          Top 3 States:   CA   

of Scheduled Payments

     70.11 payments       

 

      

  TX      24.09%  

Weighted Average Remaining Number

                VA      15.59%  

of Scheduled Payments

     58.79 payments               3.94%  

Weighted Average FICO

     760.34            

Weighted Average FICO of Receivables

            

with more than 75 Original Payments

     739.79            

Weighted Average LTV

     99.80%            

Weighted Average LTV of Receivables

            

with more than 75 Original Payments

     110.30%            

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 (%)

 

24

     Apr-24           582,856,607.67           0.398447%           0.537353%  

25

     May-24           557,721,814.99           0.419117%           0.544589%  

26

     Jun-24           534,580,845.38           0.436537%           0.652709%  

27

     Jul-24           510,003,192.61           0.452988%           0.630553%  

28

     Aug-24           486,052,521.14           0.470671%           0.635924%  

29

     Sep-24           463,780,775.30           0.472459%           0.618464%  

30

     Oct-24           440,888,311.43           0.465362%           0.562414%  

31

     Nov-24           419,455,687.29           0.463595%           0.650287%  

32

     Dec-24           397,697,150.73           0.471258%           0.734095%  

33

     Jan-25           376,285,005.66           0.482015%           0.734958%  

34

     Feb-25           356,967,121.72           0.495194%           0.646291%  

35

     Mar-25           336,031,416.27           0.498449%           0.575222%  

 

Page 1 of 14


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 March 31, 2025

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

        % Toyota vehicles      85.46%  

with more than 75 Original Payments

     6.12%       

 

% Lexus vehicles

     14.54%  

Weighted Average Original Number

          Top 3 States:   CA      22.03%  

of Scheduled Payments

     72.64 Payments       

 

    

  TX      16.74%  

Weighted Average Remaining Number

                 AZ      4.52%  

of Scheduled Payments

     61.06 Payments            

Weighted Average FICO

     746.63            

Weighted Average FICO of Receivables

            

with more than 75 Original Payments

     731.79            

Weighted Average LTV

     102.25%            

Weighted Average LTV of Receivables

            

with more than 75 Original Payments

     110.64%            

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 (%)

 

23

     Apr-24           39,140,573.74           0.582717%           0.448484%  

24

     May-24           37,502,942.77           0.591178%           0.519766%  

25

     Jun-24           36,126,627.32           0.567095%           0.265077%  

26

     Jul-24           34,631,281.14           0.531117%           0.681509%  

27

     Aug-24           33,332,447.18           0.529922%           1.166734%  

28

     Sep-24           31,946,980.43           0.548987%           0.731252%  

29

     Oct-24           30,547,829.86           0.594485%           0.852440%  

30

     Nov-24           29,201,097.46           0.585186%           0.384186%  

31

     Dec-24           27,913,359.24           0.511937%           0.591334%  

32

     Jan-25           26,711,448.08           0.512167%           0.770456%  

33

     Feb-25           25,404,324.21           0.537192%           0.500767%  

34

     Mar-25           24,091,619.68           0.546537%           0.399805%  

 

Page 2 of 14


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 March 31, 2025

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

        % Toyota vehicles      85.82%  

with more than 75 Original Payments

     6.18%       

 

% Lexus vehicles

     14.18%  

Weighted Average Original Number

       

 

  Top 3 States:

   CA      21.36%  

of Scheduled Payments

     73.39 Payments                  TX      16.39%  

Weighted Average Remaining Number

                  VA      3.93%  

of Scheduled Payments

     61.59 Payments             

Weighted Average FICO

     745.23             

Weighted Average FICO of Receivables

             

with more than 75 Original Payments

     731.62             

Weighted Average LTV

     103.36%             

Weighted Average LTV of Receivables

             

with more than 75 Original Payments

     111.47%             

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 (%)

 

20

     Apr-24           100,711,961.92           0.794502%           0.599145%  

21

     May-24           96,738,755.02           0.815208%           0.680044%  

22

     Jun-24           93,313,185.86           0.793913%           0.875323%  

23

     Jul-24           89,497,747.40           0.861275%           1.117897%  

24

     Aug-24           85,927,737.32           0.865867%           1.018856%  

25

     Sep-24           82,255,712.53           0.877307%           1.027926%  

26

     Oct-24           78,728,053.40           0.876298%           0.992216%  

27

     Nov-24           75,362,389.11           0.860257%           1.107602%  

28

     Dec-24           71,659,725.46           0.860634%           0.732836%  

29

     Jan-25           68,531,793.77           0.884937%           0.973290%  

30

     Feb-25           65,575,721.14           0.876703%           0.866047%  

31

     Mar-25           62,445,516.26           0.902585%           0.588215%  

 

Page 3 of 14


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 March 31, 2025

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

        % Toyota vehicles      81.49%  

with more than 75 Original Payments

     6.24%       

 

% Lexus vehicles

     18.51%  

Weighted Average Original Number

          Top 3 States:    CA      24.34%  

of Scheduled Payments

     69.08 Payments                  TX      15.74%  

Weighted Average Remaining Number

                  MD      3.76%  

of Scheduled Payments

     58.39 Payments             

Weighted Average FICO

     757.00             

Weighted Average FICO of Receivables

             

with more than 75 Original Payments

     735.07             

Weighted Average LTV

     97.92%             

Weighted Average LTV of Receivables

             

with more than 75 Original Payments

     113.03%             

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

     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 (%)

 

17

     Apr-24           62,838,544.23           0.401084%           0.380365%  

18

     May-24           60,400,115.80           0.397142%           0.250103%  

19

     Jun-24           58,218,404.16           0.396398%           0.327431%  

20

     Jul-24           55,751,743.07           0.424321%           0.289947%  

21

     Aug-24           53,742,396.45           0.430514%           0.305749%  

22

     Sep-24           51,229,978.41           0.362404%           0.380992%  

23

     Oct-24           49,261,611.50           0.377052%           0.731662%  

24

     Nov-24           47,264,185.74           0.370187%           0.676827%  

25

     Dec-24           44,828,708.06           0.455439%           0.567153%  

26

     Jan-25           42,929,665.61           0.438656%           0.745096%  

27

     Feb-25           40,976,377.29           0.431120%           0.537116%  

28

     Mar-25           38,830,371.72           0.516452%           0.412194%  

 

Page 4 of 14


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 March 31, 2025

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

        % Toyota vehicles      84.40%  

with more than 75 Original Payments

     6.71%       

 

% Lexus vehicles

     15.60%  

Weighted Average Original Number

          Top 3 States:    CA      23.47%  

of Scheduled Payments

     69.22 Payments       

 

    

   TX      17.32%  

Weighted Average Remaining Number

                 MD      4.22%  

of Scheduled Payments

     58.33 Payments             

Weighted Average FICO

     752.63             

Weighted Average FICO of Receivables

             

with more than 75 Original Payments

     730.47             

Weighted Average LTV

     99.75%             

Weighted Average LTV of Receivables

             

with more than 75 Original Payments

     111.42%             

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 (%)

 

14

     Apr-24           45,696,971.14           0.447269%           0.216566%  

15

     May-24           44,171,836.63           0.385114%           0.246437%  

16

     Jun-24           42,772,666.23           0.343392%           0.555087%  

17

     Jul-24           41,035,396.40           0.408954%           0.366333%  

18

     Aug-24           39,614,758.51           0.480997%           0.486172%  

19

     Sep-24           37,981,913.17           0.499198%           0.724782%  

20

     Oct-24           36,374,693.22           0.525437%           0.575317%  

21

     Nov-24           34,784,337.41           0.478001%           0.419303%  

22

     Dec-24           33,254,651.66           0.562645%           0.430398%  

23

     Jan-25           31,811,599.24           0.453852%           0.481869%  

24

     Feb-25           30,402,041.30           0.435905%           0.699221%  

25

     Mar-25           29,024,956.43           0.538383%           0.584538%  

 

Page 5 of 14


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 March 31, 2025

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

        % Toyota vehicles      82.89%  

with more than 75 Original Payments

     6.83%       

 

% Lexus vehicles

     17.11%  

Weighted Average Original Number

          Top 3 States:   CA      22.12%  

of Scheduled Payments

     69.60 Payments       

 

      

  TX      16.50%  

Weighted Average Remaining Number

                 MD      4.02%  

of Scheduled Payments

     58.40 Payments            

Weighted Average FICO

     753.43            

Weighted Average FICO of Receivables

            

with more than 75 Original Payments

     729.56            

Weighted Average LTV

     100.23%            

Weighted Average LTV of Receivables

            

with more than 75 Original Payments

     112.29%            

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 (%)

 

11

     Apr-24           91,955,280.40           0.299160%           0.494951%  

12

     May-24           88,539,663.41           0.296239%           0.907599%  

13

     Jun-24           85,374,062.78           0.294458%           0.872995%  

14

     Jul-24           82,005,198.07           0.397436%           0.679980%  

15

     Aug-24           78,897,995.84           0.429129%           0.729215%  

16

     Sep-24           75,778,527.34           0.549772%           1.017250%  

17

     Oct-24           72,587,656.35           0.565965%           0.731027%  

18

     Nov-24           69,697,349.34           0.636928%           0.691118%  

19

     Dec-24           66,875,329.66           0.666912%           0.843352%  

20

     Jan-25           64,202,281.78           0.726212%           0.564821%  

21

     Feb-25           61,536,200.80           0.722531%           0.979953%  

22

     Mar-25           58,920,346.87           0.714251%           0.806570%  

 

Page 6 of 14


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 March 31, 2025

Cutoff Date of June 2023

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     5,084        % New vehicles      80.13%  

Total Principal Balance

     $142,620,764.18        % Used vehicles      19.87%  

Average Principal Balance

     $28,052.86        % Cars and minivans      30.90%  

Average Original Amount Financed

     $35,499.06        % Light duty trucks      18.52%  

Weighted Average APR

     5.41%        % Sport utility vehicles      50.58%  

Weighted Average APR of Receivables

        % Toyota vehicles      84.02%  

with more than 75 Original Payments

     7.30%       

 

% Lexus vehicles

     15.98%  

Weighted Average Original Number

          Top 3 States:    CA      20.25%  

of Scheduled Payments

     69.60 Payments       

 

   

   TX      17.29%  

Weighted Average Remaining Number

               MD      4.01%  

of Scheduled Payments

     58.27 Payments             

Weighted Average FICO

     752.99             

Weighted Average FICO of Receivables

             

with more than 75 Original Payments

     733.54             

Weighted Average LTV

     100.23%             

Weighted Average LTV of Receivables

             

with more than 75 Original Payments

     112.10%             

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

     3.93   More than 75 original scheduled payments      12.97   LTV greater than 130%      6.90

FICO Less than 700

     22.85   More than 72 original scheduled payments      20.04   LTV greater than 120%      16.35

FICO Less than 720

     34.34        LTV greater than 110%      33.28

FICO Less than 740

     46.63        LTV greater than 90%      72.67

FICO Less than 760

     56.61          

FICO Less than 780

     65.39          

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

                

60+ Days Delinquency (%)

 

 8

     Apr-24           104,111,582.27           0.216324%           0.418143%  

 9

     May-24           100,578,665.32           0.267660%           0.570945%  

10

     Jun-24           97,421,689.82           0.320434%           0.851612%  

11

     Jul-24           93,700,469.69           0.446031%           0.611322%  

12

     Aug-24           90,692,275.54           0.423645%           0.752219%  

13

     Sep-24           87,423,729.93           0.565690%           0.404693%  

14

     Oct-24           83,941,097.15           0.589100%           0.553125%  

15

     Nov-24           80,798,608.54           0.547207%           0.616280%  

16

     Dec-24           77,639,636.47           0.566670%           0.622197%  

17

     Jan-25           74,549,325.74           0.617919%           0.515217%  

18

     Feb-25           71,618,527.62           0.573934%           0.399766%  

19

     Mar-25           68,419,879.32           0.544803%           0.521647%  

 

Page 7 of 14


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 March 31, 2025

Cutoff Date of September 2023

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     4,870        % New vehicles      80.93%  

Total Principal Balance

     $135,565,638.86        % Used vehicles      19.07%  

Average Principal Balance

     $27,836.89        % Cars and minivans      30.41%  

Average Original Amount Financed

     $35,028.38        % Light duty trucks      19.39%  

Weighted Average APR

     5.74%        % Sport utility vehicles      50.20%  

Weighted Average APR of Receivables

        % Toyota vehicles      83.84%  

with more than 75 Original Payments

     7.80%       

 

% Lexus vehicles

     16.16%  

Weighted Average Original Number

          Top 3 States:   CA      18.62%  

of Scheduled Payments

     68.95 Payments          TX      17.45%  

Weighted Average Remaining Number

               VA      3.88%  

of Scheduled Payments

     57.32 Payments            

Weighted Average FICO

     755.84            

Weighted Average FICO of Receivables

            

with more than 75 Original Payments

     733.37            

Weighted Average LTV

     98.95%            

Weighted Average LTV of Receivables

            

with more than 75 Original Payments

     111.30%            

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

     4.27%        More than 75 original scheduled payments        12.79%      LTV greater than 130%      5.18%  

FICO Less than 700

     21.60%        More than 72 original scheduled payments        19.26%      LTV greater than 120%      14.51%  

FICO Less than 720

     31.99%            LTV greater than 110%      32.44%  

FICO Less than 740

     43.97%            LTV greater than 90%      70.18%  

FICO Less than 760

     54.79%              

FICO Less than 780

     63.76%              

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

                

60+ Days Delinquency (%)

 

5

     Apr-24           108,360,193.21           0.151333%           0.461417%  

6

     May-24           104,695,845.41           0.109954%           0.476167%  

7

     Jun-24           101,044,999.57           0.262145%           0.250531%  

8

     Jul-24           97,619,159.15           0.210817%           0.584875%  

9

     Aug-24           94,275,946.72           0.241029%           0.634373%  

10

     Sep-24           90,914,905.42           0.265099%           0.826930%  

11

     Oct-24           87,540,066.69           0.268634%           1.054201%  

12

     Nov-24           84,119,097.65           0.331244%           0.807522%  

13

     Dec-24           80,705,014.95           0.371898%           0.650252%  

14

     Jan-25           77,162,799.97           0.318121%           0.736210%  

15

     Feb-25           73,968,464.57           0.409787%           0.796315%  

16

     Mar-25           70,723,580.27           0.455697%           0.849409%  

 

Page 8 of 14


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 March 31, 2025

Cutoff Date of December 2023

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     4,814        % New vehicles      100.00%  

Total Principal Balance

     $135,285,517.18        % Cars and minivans      28.95%  

Average Principal Balance

     $28,102.52        % Light duty trucks      19.47%  

Average Original Amount Financed

     $36,634.45        % Sport utility vehicles      51.58%  

Weighted Average APR

     5.62%        % Toyota vehicles      83.27%  

Weighted Average APR of Receivables

        % Lexus vehicles      16.73%  

with more than 75 Original Payments

     7.49%              

Weighted Average Original Number

          Top 3 States:    TX      18.12%  

of Scheduled Payments

     68.29 Payments                  CA      16.94%  

Weighted Average Remaining Number

           VA      4.04%  

of Scheduled Payments

     56.11 Payments          

Weighted Average FICO

     761.86          

Weighted Average FICO of Receivables

          

with more than 75 Original Payments

     739.29          

Weighted Average LTV

     98.27%          

Weighted Average LTV of Receivables

          

with more than 75 Original Payments

     110.33%          

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

     2.94   More than 75 original scheduled payments      11.89   LTV greater than 130%      5.84

FICO Less than 700

     17.92   More than 72 original scheduled payments      17.90   LTV greater than 120%      14.46

FICO Less than 720

     28.39        LTV greater than 110%      32.13

FICO Less than 740

     39.46        LTV greater than 90%      68.41

FICO Less than 760

     50.59          

FICO Less than 780

     60.07          

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

                

60+ Days Delinquency (%)

 

2

     Apr-24           118,567,525.10           0.000000%           0.137202%  

3

     May-24           114,730,837.19           0.000000%           0.302881%  

4

     Jun-24           111,022,914.42           0.064791%           0.354010%  

5

     Jul-24           106,888,284.11           0.132140%           0.344779%  

6

     Aug-24           103,377,781.08           0.131372%           0.337142%  

7

     Sep-24           99,980,858.53           0.099133%           0.422284%  

8

     Oct-24           95,920,300.54           0.060889%           0.416063%  

9

     Nov-24           92,436,475.25           0.083637%           0.545167%  

10

     Dec-24           88,647,314.74           0.144015%           0.531768%  

11

     Jan-25           85,219,242.30           0.250295%           0.322573%  

12

     Feb-25           82,102,655.71           0.228355%           0.387380%  

13

     Mar-25           78,548,824.06           0.250659%           0.481546%  

 

Page 9 of 14


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 March 31, 2025

Cutoff Date of March 2024

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     5,580        % New vehicles      89.90%  

Total Principal Balance

     $157,384,541.22        % Used vehicles      10.10%  

Average Principal Balance

     $28,205.11        % Cars and minivans      26.96%  

Average Original Amount Financed

     $35,831.30        % Light duty trucks      18.70%  

Weighted Average APR

     6.30%        % Sport utility vehicles      54.34%  

Weighted Average APR of Receivables

        % Toyota vehicles      83.55%  

with more than 75 Original Payments

     8.19%       

 

% Lexus vehicles

     16.45%  

Weighted Average Original Number

          Top 3 States:    TX      17.54%  

of Scheduled Payments

     68.64 Payments           CA      14.51%  

Weighted Average Remaining Number

                   AZ      3.95%  

of Scheduled Payments

     57.23 Payments             

Weighted Average FICO

     763.50             

Weighted Average FICO of Receivables

             

with more than 75 Original Payments

     742.79             

Weighted Average LTV

     98.16%             

Weighted Average LTV of Receivables

             

with more than 75 Original Payments

     111.22%             

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      12.16   LTV greater than 130%      5.45

FICO Less than 700

     17.23   More than 72 original scheduled payments      19.18   LTV greater than 120%      14.29

FICO Less than 720

     26.91        LTV greater than 110%      32.06

FICO Less than 740

     38.91        LTV greater than 90%      68.06

FICO Less than 760

     49.16          

FICO Less than 780

     59.46          

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

                

60+ Days Delinquency (%)

 

1

     Jun-24           143,193,703.52           0.000000%           0.283230%  

2

     Jul-24           138,081,287.47           0.049483%           0.262018%  

3

     Aug-24           132,932,733.63           0.134684%           0.337491%  

4

     Sep-24           127,784,314.83           0.161698%           0.363566%  

5

     Oct-24           123,179,880.27           0.296176%           0.424710%  

6

     Nov-24           119,008,897.70           0.299468%           0.264226%  

7

     Dec-24           113,842,471.57           0.334377%           0.457647%  

8

     Jan-25           109,624,176.20           0.321723%           0.391614%  

9

     Feb-25           105,535,321.31           0.332103%           0.230079%  

10

     Mar-25           101,260,465.77           0.408714%           0.187029%  

 

Page 10 of 14


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 March 31, 2025

Cutoff Date of June 2024

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     5,680        % New vehicles      85.13%  

Total Principal Balance

     $155,322,053.48        % Used vehicles      14.87%  

Average Principal Balance

     $27,345.43        % Cars and minivans      26.81%  

Average Original Amount Financed

     $36,090.06        % Light duty trucks      19.47%  

Weighted Average APR

     6.70%        % Sport utility vehicles      53.71%  

Weighted Average APR of Receivables

        % Toyota vehicles      82.02%  

with more than 75 Original Payments

     8.80%       

 

% Lexus vehicles

     17.98%  

Weighted Average Original Number

          Top 3 States:    TX      18.66%  

of Scheduled Payments

     68.87 Payments                  CA      14.99%  

Weighted Average Remaining Number

           IL      4.54%  

of Scheduled Payments

     56.51 Payments             

Weighted Average FICO

     762.80             

Weighted Average FICO of Receivables

             

with more than 75 Original Payments

     737.08             

Weighted Average LTV

     98.16%             

Weighted Average LTV of Receivables

             

with more than 75 Original Payments

     109.80%             

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

     2.87   More than 75 original scheduled payments      11.96   LTV greater than 130%      4.58

FICO Less than 700

     18.19   More than 72 original scheduled payments      21.23   LTV greater than 120%      13.32

FICO Less than 720

     28.03        LTV greater than 110%      32.21

FICO Less than 740

     39.24        LTV greater than 90%      68.79

FICO Less than 760

     48.99          

FICO Less than 780

     58.83          

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

                

60+ Days Delinquency (%)

 

1

     Sep-24           140,199,071.54           0.000000%           0.240362%  

2

     Oct-24           135,493,937.40           0.022936%           0.207523%  

3

     Nov-24           130,046,562.71           0.046010%           0.343827%  

4

     Dec-24           125,159,708.49           0.088979%           0.529857%  

5

     Jan-25           120,270,970.62           0.150987%           0.453780%  

6

     Feb-25           115,834,166.24           0.194615%           0.287719%  

7

     Mar-25           110,691,998.68           0.208667%           0.387477%  

 

Page 11 of 14


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 March 31, 2025

Cutoff Date of September 2024

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     6,038        % New vehicles      94.70%  

Total Principal Balance

     $171,958,484.48        % Used vehicles      5.30%  

Average Principal Balance

     $28,479.38        % Cars and minivans      28.04%  

Average Original Amount Financed

     $37,455.97        % Light duty trucks      18.87%  

Weighted Average APR

     6.51%        % Sport utility vehicles      53.09%  

Weighted Average APR of Receivables

        % Toyota vehicles      83.85%  

with more than 75 Original Payments

     8.91%       

 

% Lexus vehicles

     16.15%  

Weighted Average Original Number

          Top 3 States:   TX      18.23%  

of Scheduled Payments

     68.62 Payments          CA      14.77%  

Weighted Average Remaining Number

          AZ      4.13%  

of Scheduled Payments

     56.21 Payments            

Weighted Average FICO

     764.89            

Weighted Average FICO of Receivables

            

with more than 75 Original Payments

     742.08            

Weighted Average LTV

     98.79%            

Weighted Average LTV of Receivables

            

with more than 75 Original Payments

     109.18%            

 

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      12.10   LTV greater than 130%      5.23

FICO Less than 700

     18.19   More than 72 original scheduled payments      20.78   LTV greater than 120%      14.44

FICO Less than 720

     28.00        LTV greater than 110%      32.58

FICO Less than 740

     38.43        LTV greater than 90%      69.94

FICO Less than 760

     47.78          

FICO Less than 780

     57.66          

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

                

60+ Days Delinquency (%)

 

1

     Dec-24           154,778,815.12           0.000000%           0.235150%  

2

     Jan-25           149,305,262.09           0.024207%           0.337365%  

3

     Feb-25           143,666,473.14           0.046180%           0.364255%  

4

     Mar-25           137,872,317.26           0.045134%           0.233925%  

 

Page 12 of 14


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 March 31, 2025

Cutoff Date of December 2024

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     6,186        % New vehicles      85.85%  

Total Principal Balance

     $181,675,681.44        % Used vehicles      14.15%  

Average Principal Balance

     $29,368.85        % Cars and minivans      29.82%  

Average Original Amount Financed

     $37,714.30        % Light duty trucks      19.56%  

Weighted Average APR

     6.75%        % Sport utility vehicles      50.62%  

Weighted Average APR of Receivables

        % Toyota vehicles      83.43%  

with more than 75 Original Payments

     9.45%       

 

% Lexus vehicles

     16.57%  

Weighted Average Original Number

          Top 3 States:   CA      26.94%  

of Scheduled Payments

     68.85 Payments          TX      15.74%  

Weighted Average Remaining Number

          VA      3.34%  

of Scheduled Payments

     56.96 Payments            

Weighted Average FICO

     763.18            

Weighted Average FICO of Receivables

            

with more than 75 Original Payments

     742.87            

Weighted Average LTV

     99.73%            

Weighted Average LTV of Receivables

            

with more than 75 Original Payments

     111.21%            

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

     2.86   More than 75 original scheduled payments      12.07   LTV greater than 130%      5.68

FICO Less than 700

     17.85   More than 72 original scheduled payments      20.16   LTV greater than 120%      15.00

FICO Less than 720

     27.14        LTV greater than 110%      32.95

FICO Less than 740

     39.05        LTV greater than 90%      72.49

FICO Less than 760

     48.99          

FICO Less than 780

     59.59          

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

                

60+ Days Delinquency (%)

 

1

     Mar-25           164,767,998.47           0.019605%           0.195587%  

 

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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: General Manager - Treasury

 

 

Page 14 of 14