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 2025-A 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 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 | $412,000,000.00 | 1/15/26 | $149,635,266.27 | 0.3631924 | $0.00 | $43,911,906.61 | $16,150,000.00 | $89,573,359.66 | 0.2174111 | |||||||||||||||||||||||||||
| A-2a | $378,950,000.00 | 11/15/27 | $378,950,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $378,950,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| A-2b | $273,450,000.00 | 11/15/27 | $273,450,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $273,450,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| A-3 | $656,100,000.00 | 8/15/29 | $656,100,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $656,100,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| A-4 | $132,000,000.00 | 5/15/30 | $132,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $132,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $47,500,000.00 | 9/15/31 | $47,500,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $47,500,000.00 | 1.0000000 | |||||||||||||||||||||||||||
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| Total | $1,900,000,000.00 | $1,637,635,266.27 | $0.00 | $43,911,906.61 | $16,150,000.00 | $1,577,573,359.66 | 0.8303018 | |||||||||||||||||||||||||||||
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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 | 4.41200% | $550,159.00 | $0.00 | $550,159.00 | $0.00 | $60,612,065.61 | ||||||||||||||||||||
| A-2a | 4.48000% | $1,414,746.67 | $0.00 | $1,414,746.67 | $0.00 | $1,414,746.67 | ||||||||||||||||||||
| A-2b | 4.67471% | $1,065,249.54 | $0.00 | $1,065,249.54 | $0.00 | $1,065,249.54 | ||||||||||||||||||||
| A-3 | 4.64000% | $2,536,920.00 | $0.00 | $2,536,920.00 | $0.00 | $2,536,920.00 | ||||||||||||||||||||
| A-4 | 4.76000% | $523,600.00 | $0.00 | $523,600.00 | $0.00 | $523,600.00 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
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| Total | $6,090,675.21 | $0.00 | $6,090,675.21 | $0.00 | $66,152,581.82 | |||||||||||||||||||||
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Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
| Initial Deposit Amount |
$4,750,000.00 | Beginning Period Amount |
$62,672,748.44 | |||||||
| Specified Reserve Account Amount |
$4,750,000.00 | Increase/(Decrease) |
$(3,356,939.16 | ) | ||||||
| Beginning Balance |
$4,750,000.00 | Ending Period Amount |
$59,315,809.28 | |||||||
| Withdrawals |
$0.00 | |||||||||
| Amount Available for Deposit |
$20,017,965.72 | Overcollateralization | ||||||||
| Amount Deposited to the Reserve Account |
$0.00 | |||||||||
| Reserve Account Balance Prior to Release |
$4,750,000.00 | Adjusted Pool Balance |
$1,593,723,359.66 | |||||||
| Reserve Account Required Amount |
$4,750,000.00 | Total Note Balance |
$1,577,573,359.66 | |||||||
| Reserve Account Release to Seller |
$0.00 | Ending Overcollateralization Amount |
$16,150,000.00 | |||||||
| Ending Reserve Account Balance |
$4,750,000.00 | Overcollateralization Target Amount |
$16,150,000.00 | |||||||
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 2025-A 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 |
30 | 58 | 28 | 3 | 0 | |||||||||||||||
| Gross Principal of Liquidated Receivables |
$952,506.56 | $1,876,917.63 | $924,411.07 | $88,011.38 | $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 |
$(398,680.82 | ) | $(756,867.08 | ) | $(358,186.26 | ) | $(51,863.76 | ) | $0.00 | |||||||||||
| Recoveries on Previously Liquidated Contracts |
$(35,633.48 | ) | $(34,856.68 | ) | $776.80 | $0.00 | $0.00 | |||||||||||||
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| Net Credit Losses |
$518,192.26 | $1,085,193.87 | $567,001.61 | $36,147.62 | $0.00 | |||||||||||||||
| Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.08390% | 0.04050% | 0.00434% | 0.00000% | ||||||||||||||||
| Number of Accounts with Liquidation Proceeds or Recoveries |
44 | 23 | 3 | 0 | ||||||||||||||||
| Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.06044% | 0.03097% | 0.00193% | 0.00000% | ||||||||||||||||
| Number of Assets Experiencing a Net Loss |
56 | 27 | 3 | 0 | ||||||||||||||||
| Net Credit Losses for Assets Experiencing a Loss |
$1,085,770.91 | $567,313.31 | $36,147.62 | $0.00 | ||||||||||||||||
| Average Net Loss on all assets that have Experienced a Net Loss |
$19,388.77 | $21,011.60 | $12,049.21 | $0.00 | ||||||||||||||||
| Cumulative Net Loss Ratio |
0.05489% | 0.02868% | 0.00183% | 0.00000% | ||||||||||||||||
| Repossessed in Current Period |
10 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
| Receivables Pool Balance |
$1,977,161,496.74 | $1,716,458,014.71 | $1,653,039,168.94 | |||||||||||||
| Number of Contracts |
69,132 | 64,168 | 62,805 | |||||||||||||
| Weighted Average APR |
6.00% | 6.01% | 6.01% | |||||||||||||
| Weighted Average Remaining Term (Months) |
54.22 | 50.68 | 49.78 | |||||||||||||
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 2025-A 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 |
$38,466,428.90 | |||
| Prepayments in Full |
$23,999,910.31 | |||
| Interest Payments Received |
$8,550,275.71 | |||
| Aggregate Net Liquidation Proceeds |
$434,314.30 | |||
| Interest on Repurchased Contracts |
$0.00 | |||
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| Total Collections |
$71,450,929.22 | |||
| Principal of Repurchased Contracts |
$0.00 | |||
| Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
| Adjustment on Repurchased Contracts |
$0.00 | |||
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| Total Repurchased Amount |
$0.00 | |||
| Total Available Collections |
$71,450,929.22 |
Distributions
| Calculated Amount | Amount Paid | Shortfall | ||||||||||||||||
| Servicing Fee |
$1,430,381.68 | $1,430,381.68 | $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 |
$550,159.00 | $550,159.00 | $0.00 | |||||||||||||||
| Interest - Class A-2a Notes |
$1,414,746.67 | $1,414,746.67 | $0.00 | |||||||||||||||
| Interest - Class A-2b Notes |
$1,065,249.54 | $1,065,249.54 | $0.00 | |||||||||||||||
| Interest - Class A-3 Notes |
$2,536,920.00 | $2,536,920.00 | $0.00 | |||||||||||||||
| Interest - Class A-4 Notes |
$523,600.00 | $523,600.00 | $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 |
$43,911,906.61 | $43,911,906.61 | $0.00 | |||||||||||||||
| Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||||||||||
| Regular Principal Distribution Amount |
$16,150,000.00 | $16,150,000.00 | $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 |
$3,867,965.72 | $3,867,965.72 | 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 2025-A 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 |
$550,159.00 | $1.34 | $60,061,906.61 | $145.78 | $60,612,065.61 | $147.12 | ||||||||||||||||||||||||||||
| Class A-2a Notes |
$1,414,746.67 | $3.73 | $0.00 | $0.00 | $1,414,746.67 | $3.73 | ||||||||||||||||||||||||||||
| Class A-2b Notes |
$1,065,249.54 | $3.90 | $0.00 | $0.00 | $1,065,249.54 | $3.90 | ||||||||||||||||||||||||||||
| Class A-3 Notes |
$2,536,920.00 | $3.87 | $0.00 | $0.00 | $2,536,920.00 | $3.87 | ||||||||||||||||||||||||||||
| Class A-4 Notes |
$523,600.00 | $3.97 | $0.00 | $0.00 | $523,600.00 | $3.97 | ||||||||||||||||||||||||||||
| 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 |
0.39% | 245 | 0.50% | $8,256,957.02 | ||||||||||||
| 60-89 Days Delinquent |
0.11% | 68 | 0.13% | $2,118,142.17 | ||||||||||||
| 90-119 Days Delinquent |
0.04% | 23 | 0.05% | $750,010.94 | ||||||||||||
| 120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
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| Total Delinquencies |
0.54% | 336 | 0.68% | $11,125,110.13 | ||||||||||||
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| Total Delinquencies - Prior Period |
0.54% | 0.66% | ||||||||||||||
| Total Delinquencies - Two Months Prior |
0.47% | 0.57% | ||||||||||||||
| Total Delinquencies - Three Months Prior |
0.47% | 0.55% | ||||||||||||||
| Receivables Pool Balance |
$1,653,039,168.94 | |||||||||||||||
| 60-Day Delinquency Percentage |
0.17% | |||||||||||||||
| Delinquency Trigger Percentage |
4.95% | |||||||||||||||
| Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
| Repossessed Vehicle Inventory* |
22 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 2025-A 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