Exhibit 99.1
Servicer’s Certificate
for the Collection Period January 01, 2025 through January 31, 2025
for Payment Date of February 18, 2025
Toyota Auto Receivables 2024-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
31 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
34 | Actual/360 Days |
34 |
| Class | Initial Principal Balance |
Final Scheduled Payment Date |
Beginning Principal Balance |
Beginning Principal Factor |
First Priority Principal Distribution Amount |
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 | $107,231,440.43 | 0.3072534 | $0.00 | $40,830,088.86 | $14,875,000.01 | $51,526,351.56 | 0.1476400 | |||||||||||||||||||||||||||
| 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 | $1,508,231,440.43 | $0.00 | $40,830,088.86 | $14,875,000.01 | $1,452,526,351.56 | 0.8300151 | |||||||||||||||||||||||||||||
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| Class | Interest Rate | Interest Distributable Amount |
Prior Interest Carryover |
Interest Distribution Amount |
Current Interest Carryover |
Total Principal & Interest Distribution |
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| A-1 | 4.79100% | $485,204.40 | $0.00 | $485,204.40 | $0.00 | $56,190,293.27 | ||||||||||||||||||||
| A-2a | 4.55000% | $1,004,791.67 | $0.00 | $1,004,791.67 | $0.00 | $1,004,791.67 | ||||||||||||||||||||
| A-2b | 4.79654% | $1,800,701.06 | $0.00 | $1,800,701.06 | $0.00 | $1,800,701.06 | ||||||||||||||||||||
| A-3 | 4.40000% | $2,190,833.33 | $0.00 | $2,190,833.33 | $0.00 | $2,190,833.33 | ||||||||||||||||||||
| A-4 | 4.43000% | $359,014.58 | $0.00 | $359,014.58 | $0.00 | $359,014.58 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
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| Total | $5,840,545.04 | $0.00 | $5,840,545.04 | $0.00 | $61,545,633.91 | |||||||||||||||||||||
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Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
| Initial Deposit Amount |
$4,375,000.00 | Beginning Period Amount |
$74,516,172.17 | |||||||
| Specified Reserve Account Amount |
$4,375,000.00 | Increase/(Decrease) |
$(4,027,269.72 | ) | ||||||
| Beginning Balance |
$4,375,000.00 | Ending Period Amount |
$70,488,902.45 | |||||||
| Withdrawals |
$0.00 | |||||||||
| Amount Available for Deposit |
$19,361,461.32 | Overcollateralization | ||||||||
| Amount Deposited to the Reserve Account |
$0.00 | |||||||||
| Reserve Account Balance Prior to Release |
$4,375,000.00 | Adjusted Pool Balance |
$1,467,401,351.57 | |||||||
| Reserve Account Required Amount |
$4,375,000.00 | Total Note Balance |
$1,452,526,351.56 | |||||||
| 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 5
Servicer’s Certificate
for the Collection Period January 01, 2025 through January 31, 2025
for Payment Date of February 18, 2025
Toyota Auto Receivables 2024-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
31 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
34 | Actual/360 Days |
34 |
Liquidations of Charge-offs and Repossessions
| Cumulative | ||||||||||||||||||||
| Current Period Only | Current Period | Prior Period | Two Periods Prior | Three Periods Prior | ||||||||||||||||
| Number of Liquidated Receivables |
30 | 55 | 25 | 6 | 3 | |||||||||||||||
| Gross Principal of Liquidated Receivables |
$862,930.23 | $1,698,152.30 | $835,222.07 | $234,573.42 | $138,216.45 | |||||||||||||||
| 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 |
$(204,577.77 | ) | $(471,268.81 | ) | $(266,691.04 | ) | $(98,629.45 | ) | $(32,213.95 | ) | ||||||||||
| Recoveries on Previously Liquidated Contracts |
$(84,375.41 | ) | $(95,495.30 | ) | $(11,119.89 | ) | $(10,154.61 | ) | $0.00 | |||||||||||
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| Net Credit Losses |
$573,977.05 | $1,131,388.19 | $557,411.14 | $125,789.36 | $106,002.50 | |||||||||||||||
| Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.07927% | 0.03603% | 0.00865% | 0.00432% | ||||||||||||||||
| Number of Accounts with Liquidation Proceeds or Recoveries |
39 | 17 | 6 | 3 | ||||||||||||||||
| Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.06771% | 0.03271% | 0.00723% | 0.00595% | ||||||||||||||||
| Number of Assets Experiencing a Net Loss |
54 | 25 | 6 | 3 | ||||||||||||||||
| Net Credit Losses for Assets Experiencing a Loss |
$1,132,511.35 | $557,411.14 | $125,789.36 | $106,002.50 | ||||||||||||||||
| Average Net Loss on all assets that have Experienced a Net Loss |
$20,972.43 | $22,296.45 | $20,964.89 | $35,334.17 | ||||||||||||||||
| Cumulative Net Loss Ratio |
0.06142% | 0.03026% | 0.00683% | 0.00575% | ||||||||||||||||
| Repossessed in Current Period |
10 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
| Receivables Pool Balance |
$1,841,920,697.79 | $1,597,622,612.61 | $1,537,890,254.02 | |||||||||||||
| Number of Contracts |
69,385 | 64,451 | 62,926 | |||||||||||||
| Weighted Average APR |
5.96% | 5.97% | 5.98% | |||||||||||||
| Weighted Average Remaining Term (Months) |
53.37 | 49.87 | 49.00 | |||||||||||||
Page 2 of 5
Servicer’s Certificate
for the Collection Period January 01, 2025 through January 31, 2025
for Payment Date of February 18, 2025
Toyota Auto Receivables 2024-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
31 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
34 | Actual/360 Days |
34 |
Collections
| Principal Payments Received |
$38,111,154.56 | |||
| Prepayments in Full |
$20,714,781.81 | |||
| Interest Payments Received |
$8,204,194.50 | |||
| Aggregate Net Liquidation Proceeds |
$288,953.18 | |||
| Interest on Repurchased Contracts |
$871.36 | |||
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| Total Collections |
$67,319,955.41 | |||
| Principal of Repurchased Contracts |
$43,491.99 | |||
| Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
| Adjustment on Repurchased Contracts |
$0.00 | |||
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| Total Repurchased Amount |
$43,491.99 | |||
| Total Available Collections |
$67,363,447.40 |
Distributions
| Calculated Amount |
Amount Paid |
Shortfall | ||||||||
| Servicing Fee |
$1,331,352.18 | $1,331,352.18 | $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 |
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$0.00 |
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$0.00 | |||||
| Asset Representations Reviewer |
$0.00 |
$0.00 |
$0.00 | |||||||
| Interest - Class A-1 Notes |
$485,204.40 | $485,204.40 | $0.00 | |||||||
| Interest - Class A-2a Notes |
$1,004,791.67 | $1,004,791.67 | $0.00 | |||||||
| Interest - Class A-2b Notes |
$1,800,701.06 | $1,800,701.06 | $0.00 | |||||||
| Interest - Class A-3 Notes |
$2,190,833.33 | $2,190,833.33 | $0.00 | |||||||
| Interest - Class A-4 Notes |
$359,014.58 | $359,014.58 | $0.00 | |||||||
| First Priority Principal Distribution Amount |
$0.00 | $0.00 | $0.00 | |||||||
| Interest - Class B Notes |
$0.00 | $0.00 | $0.00 | |||||||
| Second Priority Principal Distribution Amount |
$40,830,088.86 | $40,830,088.86 | $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 |
$4,486,461.31 | $4,486,461.31 | N/A | |||||||
Page 3 of 5
Servicer’s Certificate
for the Collection Period January 01, 2025 through January 31, 2025
for Payment Date of February 18, 2025
Toyota Auto Receivables 2024-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
31 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
34 | Actual/360 Days |
34 |
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 |
$485,204.40 | $1.39 | $55,705,088.87 | $159.61 | $56,190,293.27 | $161.00 | ||||||||||||||||||||||||||||
| Class A-2a Notes |
$1,004,791.67 | $3.79 | $0.00 | $0.00 | $1,004,791.67 | $3.79 | ||||||||||||||||||||||||||||
| Class A-2b Notes |
$1,800,701.06 | $4.53 | $0.00 | $0.00 | $1,800,701.06 | $4.53 | ||||||||||||||||||||||||||||
| Class A-3 Notes |
$2,190,833.33 | $3.67 | $0.00 | $0.00 | $2,190,833.33 | $3.67 | ||||||||||||||||||||||||||||
| Class A-4 Notes |
$359,014.58 | $3.69 | $0.00 | $0.00 | $359,014.58 | $3.69 | ||||||||||||||||||||||||||||
| 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 |
0.57% | 358 | 0.65% | $10,067,095.87 | ||||||||||||
| 60-89 Days Delinquent |
0.11% | 67 | 0.12% | $1,778,696.12 | ||||||||||||
| 90-119 Days Delinquent |
0.06% | 35 | 0.06% | $940,709.09 | ||||||||||||
| 120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
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| Total Delinquencies |
0.74% | 460 | 0.83% | $12,786,501.08 | ||||||||||||
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| Total Delinquencies - Prior Period |
0.65% | 0.75% | ||||||||||||||
| Total Delinquencies - Two Months Prior |
0.62% | 0.72% | ||||||||||||||
| Total Delinquencies - Three Months Prior |
0.51% | 0.59% | ||||||||||||||
| Receivables Pool Balance |
$1,537,890,254.02 | |||||||||||||||
| 60-Day Delinquency Percentage |
0.18% | |||||||||||||||
| Delinquency Trigger Percentage |
4.95% | |||||||||||||||
| Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
| Repossessed Vehicle Inventory* |
11 vehicles | |||||||
| * Included with Delinquencies Above |
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Page 4 of 5
Servicer’s Certificate
for the Collection Period January 01, 2025 through January 31, 2025
for Payment Date of February 18, 2025
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 5 of 5