Quarterly Report
Toyota Auto Loan Extended Note Trust 2024-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2024-1
Initial Receivables Static Pool Information
Quarter Ended December 31, 2024
Cutoff Date of April 2024
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
57,269 | % New vehicles | 84.52% | |||||||||
| Total Principal Balance |
$1,139,574,544.59 | % Used vehicles | 15.48% | |||||||||
| Average Principal Balance |
$19,898.63 | % Cars and minivans | 29.26% | |||||||||
| Average Original Amount Financed |
$34,311.94 | % Light duty trucks | 17.93% | |||||||||
| Weighted Average APR |
5.33% | % Sport utility vehicles | 52.81% | |||||||||
| Weighted Average APR of Receivables |
% Toyota vehicles | 83.74% | ||||||||||
| with more than 75 Original Payments |
7.45% |
% Lexus vehicles |
16.26% | |||||||||
| Weighted Average Original Number |
Top 3 States: | CA | 18.78% | |||||||||
| of Scheduled Payments |
69.24 payments |
|
TX | 16.63% | ||||||||
| Weighted Average Remaining Number |
VA | 3.98% | ||||||||||
| of Scheduled Payments |
47.40 payments | |||||||||||
| Weighted Average FICO |
760.22 | |||||||||||
| Weighted Average FICO of Receivables |
||||||||||||
| with more than 75 Original Payments |
739.82 | |||||||||||
| Weighted Average LTV |
99.03% | |||||||||||
| Weighted Average LTV of Receivables |
||||||||||||
| with more than 75 Original Payments |
109.46% | |||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
| FICO Less than 650 |
2.24% | More than 75 original scheduled payments | 9.91% | LTV greater than 130% | 4.72% | |||||||||||||
| FICO Less than 700 |
18.77% | More than 72 original scheduled payments | 22.14% | LTV greater than 120% | 13.54% | |||||||||||||
| FICO Less than 720 |
29.22% | LTV greater than 110% | 32.22% | |||||||||||||||
| FICO Less than 740 |
41.05% | LTV greater than 90% | 70.58% | |||||||||||||||
| FICO Less than 760 |
51.95% | |||||||||||||||||
| FICO Less than 780 |
61.78% | |||||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 1 |
Jun-24 | 1,052,940,099.20 | 0.000000% | 0.126788% | ||||||||||||||||||||||||
| 2 |
Jul-24 | 1,008,702,013.84 | 0.007755% | 0.217124% | ||||||||||||||||||||||||
| 3 |
Aug-24 | 966,011,849.24 | 0.044741% | 0.273185% | ||||||||||||||||||||||||
| 4 |
Sep-24 | 926,098,649.70 | 0.068062% | 0.268969% | ||||||||||||||||||||||||
| 5 |
Oct-24 | 885,586,853.80 | 0.092156% | 0.265554% | ||||||||||||||||||||||||
| 6 |
Nov-24 | 848,266,563.17 | 0.118458% | 0.318823% | ||||||||||||||||||||||||
| 7 |
Dec-24 | 809,937,543.88 | 0.110438% | 0.371819% | ||||||||||||||||||||||||
Page 1 of 4
Quarterly Report
Toyota Auto Loan Extended Note Trust 2024-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2024-1
Additional Receivables Static Pool Information
Quarter Ended December 31, 2024
Cutoff Date of June 2024, July 2024
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
7,483 | % New vehicles | 88.91% | |||||||||
| Total Principal Balance |
$233,756,052.83 | % Used vehicles | 11.09% | |||||||||
| Average Principal Balance |
$31,238.28 | % Cars and minivans | 29.24% | |||||||||
| Average Original Amount Financed |
$40,646.62 | % Light duty trucks | 19.82% | |||||||||
| Weighted Average APR |
8.04% | % Sport utility vehicles | 50.94% | |||||||||
| Weighted Average APR of Receivables |
% Toyota vehicles | 88.56% | ||||||||||
| with more than 75 Original Payments |
8.69% |
% Lexus vehicles |
11.44% | |||||||||
| Weighted Average Original Number |
Top 3 States: | TX | 21.84% | |||||||||
| of Scheduled Payments |
75.99 Payments |
CA |
9.25% | |||||||||
| Weighted Average Remaining Number |
AZ | 4.35% | ||||||||||
| of Scheduled Payments |
61.57 Payments | |||||||||||
| Weighted Average FICO |
747.96 | |||||||||||
| Weighted Average FICO of Receivables |
||||||||||||
| with more than 75 Original Payments |
740.90 | |||||||||||
| Weighted Average LTV |
104.97% | |||||||||||
| Weighted Average LTV of Receivables |
||||||||||||
| with more than 75 Original Payments |
109.54% | |||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
| FICO Less than 650 |
3.54% | More than 75 original scheduled payments | 30.94% | LTV greater than 130% | 6.26% | |||||||||||||
| FICO Less than 700 |
23.80% | More than 72 original scheduled payments | 78.85% | LTV greater than 120% | 19.02% | |||||||||||||
| FICO Less than 720 |
35.20% | LTV greater than 110% | 44.10% | |||||||||||||||
| FICO Less than 740 |
48.68% | LTV greater than 90% | 80.73% | |||||||||||||||
| FICO Less than 760 |
59.88% | |||||||||||||||||
| FICO Less than 780 |
69.97% | |||||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 1 |
Sep-24 | 217,318,957.94 | 0.000000% | 0.152045% | ||||||||||||||||||||||||
| 2 |
Oct-24 | 209,742,650.68 | 0.017280% | 0.275742% | ||||||||||||||||||||||||
| 3 |
Nov-24 | 202,481,879.49 | 0.046455% | 0.277123% | ||||||||||||||||||||||||
| 4 |
Dec-24 | 195,458,149.69 | 0.074233% | 0.328391% | ||||||||||||||||||||||||
Page 2 of 4
Quarterly Report
Toyota Auto Loan Extended Note Trust 2024-1
Toyota Revolving Note Depositor LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
Toyota Auto Loan Extended Note Trust 2024-1
Additional Receivables Static Pool Information
Quarter Ended December 31, 2024
Cutoff Date of October 2024, November 2024
Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)
| Number of Receivables |
2,879 | % New vehicles | 89.57% | |||||||||
| Total Principal Balance |
$84,519,394.86 | % Used vehicles | 10.43% | |||||||||
| Average Principal Balance |
$29,357.21 | % Cars and minivans | 29.59% | |||||||||
| Average Original Amount Financed |
$37,623.93 | % Light duty trucks | 19.76% | |||||||||
| Weighted Average APR |
6.47% | % Sport utility vehicles | 50.65% | |||||||||
| Weighted Average APR of Receivables |
% Toyota vehicles | 85.31% | ||||||||||
| with more than 75 Original Payments |
9.01% |
% Lexus vehicles |
14.69% | |||||||||
| Weighted Average Original Number |
Top 3 States: | CA | 28.13% | |||||||||
| of Scheduled Payments |
68.21 Payments |
|
TX | 14.72% | ||||||||
| Weighted Average Remaining Number |
AZ | 4.46% | ||||||||||
| of Scheduled Payments |
56.54 Payments | |||||||||||
| Weighted Average FICO |
764.07 | |||||||||||
| Weighted Average FICO of Receivables |
||||||||||||
| with more than 75 Original Payments |
745.08 | |||||||||||
| Weighted Average LTV |
99.15% | |||||||||||
| Weighted Average LTV of Receivables |
||||||||||||
| with more than 75 Original Payments |
109.20% | |||||||||||
Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)
| FICO Score Range Distribution (%) |
Original Scheduled Payments Distribution (%) |
LTV Distribution (%) |
||||||||||||||||
| FICO Less than 650 |
3.66% | More than 75 original scheduled payments | 8.27% | LTV greater than 130% | 4.79% | |||||||||||||
| FICO Less than 700 |
17.97% | More than 72 original scheduled payments | 15.13% | LTV greater than 120% | 14.49% | |||||||||||||
| FICO Less than 720 |
28.40% | LTV greater than 110% | 32.40% | |||||||||||||||
| FICO Less than 740 |
38.99% | LTV greater than 90% | 71.70% | |||||||||||||||
| FICO Less than 760 |
49.25% | |||||||||||||||||
| FICO Less than 780 |
58.49% | |||||||||||||||||
Balances and Performance (Based on Principal Balance)
| Period No. |
Month |
Month-End Pool Balance ($) |
Cumulative Net Credit Loss (%) |
60+ Days Delinquency (%) |
||||||||||||||||||||||||
| 1 |
Dec-24 | 78,768,477.48 | 0.000000% | 0.057871% | ||||||||||||||||||||||||
Page 3 of 4
Quarterly Report
Toyota Auto Loan Extended Note Trust 2024-1
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 4 of 4