Exhibit 99.1
Servicer’s Certificate
for the Collection Period April 01, 2025 through April 30, 2025
for Payment Date of May 15, 2025
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
30 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
30 | Actual/360 Days |
30 |
| Class | Initial Principal Balance |
Final Scheduled Payment Date |
Beginning Balance |
Beginning Principal Factor |
First Priority Principal Distribution Amount |
Second Priority Principal |
Regular Principal Distribution Amount |
Ending Principal |
Ending Principal Factor |
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| A-1 | $310,000,000.00 | 11/15/24 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2a | $312,300,000.00 | 11/16/26 | $85,940,959.74 | 0.2751872 | $0.00 | $11,376,618.20 | $6,800,012.35 | $67,764,329.19 | 0.2169847 | |||||||||||||||||||||||||||
| A-2b | $312,300,000.00 | 11/16/26 | $85,940,959.74 | 0.2751872 | $0.00 | $11,376,618.20 | $6,800,012.34 | $67,764,329.20 | 0.2169847 | |||||||||||||||||||||||||||
| A-3 | $554,400,000.00 | 8/15/28 | $554,400,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $554,400,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| A-4 | $71,000,000.00 | 3/15/29 | $71,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $71,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $40,000,000.00 | 6/17/30 | $40,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $40,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
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| Total | $1,600,000,000.00 | $837,281,919.48 | $0.00 | $22,753,236.40 | $13,600,024.69 | $800,928,658.39 | 0.5005804 | |||||||||||||||||||||||||||||
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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 | 5.60400% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2a | 5.80000% | $415,381.31 | $0.00 | $415,381.31 | $0.00 | $18,592,011.86 | ||||||||||||||||||||
| A-2b | 4.89471% | $350,546.73 | $0.00 | $350,546.73 | $0.00 | $18,527,177.27 | ||||||||||||||||||||
| A-3 | 5.54000% | $2,559,480.00 | $0.00 | $2,559,480.00 | $0.00 | $2,559,480.00 | ||||||||||||||||||||
| A-4 | 5.49000% | $324,825.00 | $0.00 | $324,825.00 | $0.00 | $324,825.00 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
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| Total | $3,650,233.04 | $0.00 | $3,650,233.04 | $0.00 | $40,003,494.13 | |||||||||||||||||||||
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Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
| Initial Deposit Amount |
$4,000,007.26 | Beginning Period Amount |
$63,871,895.67 | |||||||
| Specified Reserve Account Amount |
$4,000,007.26 | Increase/(Decrease) |
$(4,242,338.12 | ) | ||||||
| Beginning Balance |
$4,000,007.26 | Ending Period Amount |
$59,629,557.55 | |||||||
| Withdrawals |
$0.00 | |||||||||
| Amount Available for Deposit |
$17,569,363.06 | Overcollateralization | ||||||||
| Amount Deposited to the Reserve Account |
$0.00 | |||||||||
| Reserve Account Balance Prior to Release |
$4,000,007.26 | Adjusted Pool Balance |
$814,528,683.08 | |||||||
| Reserve Account Required Amount |
$4,000,007.26 | Total Note Balance |
$800,928,658.39 | |||||||
| Reserve Account Release to Seller |
$0.00 | Ending Overcollateralization Amount |
$13,600,024.69 | |||||||
| Ending Reserve Account Balance |
$4,000,007.26 | Overcollateralization Target Amount |
$13,600,024.69 | |||||||
Page 1 of 5
Servicer’s Certificate
for the Collection Period April 01, 2025 through April 30, 2025
for Payment Date of May 15, 2025
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
30 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
30 | Actual/360 Days |
30 |
Liquidations of Charge-offs and Repossessions
| Cumulative | ||||||||||||||||||||
| Current Period Only | Current Period | Prior Period | Two Periods Prior | Three Periods Prior | ||||||||||||||||
| Number of Liquidated Receivables |
28 | 576 | 548 | 506 | 470 | |||||||||||||||
| Gross Principal of Liquidated Receivables |
$701,647.77 | $16,000,225.43 | $15,298,577.66 | $14,334,553.10 | $13,467,603.84 | |||||||||||||||
| Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(82,659.37 | ) | $(82,659.37 | ) | $(82,659.37 | ) | $(82,659.37 | ) | |||||||||||
| Net Liquidation Proceeds Received During the Collection Period |
$(179,477.38 | ) | $(2,377,962.53 | ) | $(2,198,485.15 | ) | $(2,055,597.96 | ) | $(1,995,171.44 | ) | ||||||||||
| Recoveries on Previously Liquidated Contracts |
$(719,881.40 | ) | $(6,090,001.51 | ) | $(5,370,120.11 | ) | $(4,860,448.14 | ) | $(4,551,849.22 | ) | ||||||||||
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| Net Credit Losses |
$(197,711.01 | ) | $7,449,602.02 | $7,647,313.03 | $7,335,847.63 | $6,837,923.81 | ||||||||||||||
| Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.88065% | 0.83784% | 0.77363% | 0.71859% | ||||||||||||||||
| Number of Accounts with Liquidation Proceeds or Recoveries |
549 | 523 | 483 | 440 | ||||||||||||||||
| Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.58022% | 0.58524% | 0.55167% | 0.50540% | ||||||||||||||||
| Number of Assets Experiencing a Net Loss |
518 | 496 | 461 | 430 | ||||||||||||||||
| Net Credit Losses for Assets Experiencing a Loss |
$7,465,508.92 | $7,659,123.59 | $7,346,133.01 | $6,847,730.73 | ||||||||||||||||
| Average Net Loss on all assets that have Experienced a Net Loss |
$14,412.18 | $15,441.78 | $15,935.21 | $15,924.96 | ||||||||||||||||
| Cumulative Net Loss Ratio |
0.41988% | 0.43102% | 0.41346% | 0.38540% | ||||||||||||||||
| Repossessed in Current Period |
13 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
| Receivables Pool Balance |
$1,774,239,151.48 | $914,753,839.84 | $874,158,240.63 | |||||||||||||
| Number of Contracts |
65,406 | 48,001 | 47,041 | |||||||||||||
| Weighted Average APR |
5.10% | 5.20% | 5.21% | |||||||||||||
| Weighted Average Remaining Term (Months) |
54.72 | 38.37 | 37.48 | |||||||||||||
Page 2 of 5
Servicer’s Certificate
for the Collection Period April 01, 2025 through April 30, 2025
for Payment Date of May 15, 2025
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
30 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
30 | Actual/360 Days |
30 |
Collections
| Principal Payments Received |
$26,804,281.28 | |||
| Prepayments in Full |
$13,051,067.44 | |||
| Interest Payments Received |
$3,941,691.49 | |||
| Aggregate Net Liquidation Proceeds |
$899,358.78 | |||
| Interest on Repurchased Contracts |
$125.66 | |||
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| Total Collections |
$44,696,524.65 | |||
| Principal of Repurchased Contracts |
$38,602.72 | |||
| Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
| Adjustment on Repurchased Contracts |
$0.00 | |||
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| Total Repurchased Amount |
$38,602.72 | |||
| Total Available Collections |
$44,735,127.37 |
Distributions
| Calculated Amount | Amount Paid | Shortfall | ||||||||||||||||||
| Servicing Fee |
$762,294.87 | $762,294.87 | $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 |
$0.00 | $0.00 | $0.00 | |||||||||||||||||
| Interest - Class A-2a Notes |
$415,381.31 | $415,381.31 | $0.00 | |||||||||||||||||
| Interest - Class A-2b Notes |
$350,546.73 | $350,546.73 | $0.00 | |||||||||||||||||
| Interest - Class A-3 Notes |
$2,559,480.00 | $2,559,480.00 | $0.00 | |||||||||||||||||
| Interest - Class A-4 Notes |
$324,825.00 | $324,825.00 | $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 |
$22,753,236.40 | $22,753,236.40 | $0.00 | |||||||||||||||||
| Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||||||||||||
| Regular Principal Distribution Amount |
$13,600,024.69 | $13,600,024.69 | $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 |
$3,969,338.37 | $3,969,338.37 | N/A | |||||||||||||||||
Page 3 of 5
Servicer’s Certificate
for the Collection Period April 01, 2025 through April 30, 2025
for Payment Date of May 15, 2025
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
30 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
30 | Actual/360 Days |
30 |
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 |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||||||||||
| Class A-2a Notes |
$415,381.31 | $1.33 | $18,176,630.55 | $58.20 | $18,592,011.86 | $59.53 | ||||||||||||||||||||||||||||
| Class A-2b Notes |
$350,546.73 | $1.12 | $18,176,630.54 | $58.20 | $18,527,177.27 | $59.32 | ||||||||||||||||||||||||||||
| Class A-3 Notes |
$2,559,480.00 | $4.62 | $0.00 | $0.00 | $2,559,480.00 | $4.62 | ||||||||||||||||||||||||||||
| Class A-4 Notes |
$324,825.00 | $4.58 | $0.00 | $0.00 | $324,825.00 | $4.58 | ||||||||||||||||||||||||||||
| 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 |
0.77% | 363 | 1.11% | $9,700,945.07 | ||||||||||||
| 60-89 Days Delinquent |
0.23% | 107 | 0.32% | $2,786,075.16 | ||||||||||||
| 90-119 Days Delinquent |
0.07% | 33 | 0.09% | $775,130.01 | ||||||||||||
| 120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
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| Total Delinquencies |
1.07% | 503 | 1.52% | $13,262,150.24 | ||||||||||||
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| Total Delinquencies - Prior Period |
1.06% | 1.47% | ||||||||||||||
| Total Delinquencies - Two Months Prior |
1.08% | 1.48% | ||||||||||||||
| Total Delinquencies - Three Months Prior |
1.14% | 1.50% | ||||||||||||||
| Receivables Pool Balance |
$874,158,240.63 | |||||||||||||||
| 60-Day Delinquency Percentage |
0.41% | |||||||||||||||
| Delinquency Trigger Percentage |
4.65% | |||||||||||||||
| Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
| Repossessed Vehicle Inventory* |
16 vehicles | |||||||||||||||
| * Included with Delinquencies Above |
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Page 4 of 5
Servicer’s Certificate
for the Collection Period April 01, 2025 through April 30, 2025
for Payment Date of May 15, 2025
Toyota Auto Receivables 2023-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