Toyota Auto Receivables 2024-D Owner Trust
01/28/2026 | Press release | Distributed by Public on 01/28/2026 10:19
Asset-Backed Issuer Distribution Report (Form 10-D)
Servicer's Certificate
for the Collection Period December 01, 2025 through December 31, 2025
for Payment Date of January 15, 2026
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 |
31 |
Actual/360 Days |
31 |
| 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 Balance |
Ending Principal Factor |
|||||||||||||||||||||||||||
| A-1 | $349,000,000.00 | 10/15/25 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2a | $265,000,000.00 | 8/16/27 | $87,390,541.87 | 0.3297756 | $0.00 | $11,682,056.29 | $5,950,000.00 | $69,758,485.58 | 0.2632396 | |||||||||||||||||||||||||||
| A-2b | $397,500,000.00 | 8/16/27 | $131,085,812.77 | 0.3297756 | $0.00 | $17,523,084.43 | $8,925,000.01 | $104,637,728.33 | 0.2632396 | |||||||||||||||||||||||||||
| 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 | |||||||||||||||||||||||||||
| Total | $1,750,000,000.00 | $956,976,354.64 | $0.00 | $29,205,140.72 | $14,875,000.01 | $912,896,213.91 | 0.5216550 | |||||||||||||||||||||||||||||
| Class | Interest Rate |
Interest Distributable Amount |
Prior Interest Carryover |
Interest Distribution Amount |
Current Interest Carryover |
Total Principal & Interest Distribution |
||||||||||||||||||||
| A-1 | 4.79100% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2a | 4.55000% | $331,355.80 | $0.00 | $331,355.80 | $0.00 | $17,963,412.09 | ||||||||||||||||||||
| A-2b | 4.37385% | $493,717.78 | $0.00 | $493,717.78 | $0.00 | $26,941,802.22 | ||||||||||||||||||||
| 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 | |||||||||||||||||||||
| Total | $3,374,921.49 | $0.00 | $3,374,921.49 | $0.00 | $47,455,062.22 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,375,000.00 |
Beginning Period Amount |
$37,675,194.63 | |||||||
|
Specified Reserve Account Amount |
$4,375,000.00 |
Increase/(Decrease) |
$(2,586,693.01 | ) | ||||||
|
Beginning Balance |
$4,375,000.00 |
Ending Period Amount |
$35,088,501.62 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$17,980,512.48 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,375,000.00 |
Adjusted Pool Balance |
$927,771,213.92 | |||||||
|
Reserve Account Required Amount |
$4,375,000.00 |
Total Note Balance |
$912,896,213.91 | |||||||
|
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 December 01, 2025 through December 31, 2025
for Payment Date of January 15, 2026
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 |
31 |
Actual/360 Days |
31 |
Liquidations of Charge-offs and Repossessions
| Cumulative | ||||||||||||||||||||
| Current Period Only | Current Period | Prior Period | Two Periods Prior | Three Periods Prior | ||||||||||||||||
|
Number of Liquidated Receivables |
44 | 420 | 376 | 341 | 311 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$1,123,801.79 | $12,077,890.74 | $10,954,088.95 | $9,825,360.31 | $8,910,688.72 | |||||||||||||||
|
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 |
$(341,488.72 | ) | $(2,695,841.57 | ) | $(2,354,352.85 | ) | $(2,221,853.96 | ) | $(2,061,040.81 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(342,545.82 | ) | $(3,627,993.07 | ) | $(3,285,447.25 | ) | $(2,994,982.44 | ) | $(2,653,752.97 | ) | ||||||||||
|
Net Credit Losses |
$439,767.25 | $5,754,056.10 | $5,314,288.85 | $4,608,523.91 | $4,195,894.94 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.60532% | 0.54190% | 0.49146% | 0.44822% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
384 | 347 | 322 | 294 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.42506% | 0.38516% | 0.32773% | 0.29272% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
376 | 337 | 306 | 278 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$5,766,987.95 | $5,326,692.50 | $4,619,482.20 | $4,205,603.05 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$15,337.73 | $15,806.21 | $15,096.35 | $15,128.07 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.31239% | 0.28852% | 0.25020% | 0.22780% | ||||||||||||||||
|
Repossessed in Current Period |
10 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
|
Receivables Pool Balance |
$1,841,920,697.79 | $1,009,526,549.28 | $962,859,715.54 | |||||||||||||
|
Number of Contracts |
69,385 | 49,492 | 48,281 | |||||||||||||
|
Weighted Average APR |
5.96% | 6.04% | 6.05% | |||||||||||||
|
Weighted Average Remaining Term (Months) |
53.37 | 40.18 | 39.31 | |||||||||||||
Page 2 of 5
Servicer's Certificate
for the Collection Period December 01, 2025 through December 31, 2025
for Payment Date of January 15, 2026
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 |
31 |
Actual/360 Days |
31 |
Collections
|
Principal Payments Received |
$29,798,568.61 | |||
|
Prepayments in Full |
$15,744,463.34 | |||
|
Interest Payments Received |
$5,174,780.32 | |||
|
Aggregate Net Liquidation Proceeds |
$684,034.54 | |||
|
Interest on Repurchased Contracts |
$0.00 | |||
|
Total Collections |
$51,401,846.81 | |||
|
Principal of Repurchased Contracts |
$0.00 | |||
|
Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
|
Adjustment on Repurchased Contracts |
$0.00 | |||
|
Total Repurchased Amount |
$0.00 | |||
|
Total Available Collections |
$51,401,846.81 |
Distributions
|
Calculated Amount |
Amount Paid |
Shortfall |
||||||||
|
Servicing Fee |
$841,272.12 | $841,272.12 | $0.00 | |||||||
|
Trustee and Other Fees/Expenses (capped at $300,000.00 per calendar year) |
||||||||||
|
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 |
$331,355.80 | $331,355.80 | $0.00 | |||||||
|
Interest - Class A-2b Notes |
$493,717.78 | $493,717.78 | $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 |
$29,205,140.72 | $29,205,140.72 | $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 |
||||||||||
|
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 |
$3,105,512.47 | $3,105,512.47 | N/A | |||||||
Page 3 of 5
Servicer's Certificate
for the Collection Period December 01, 2025 through December 31, 2025
for Payment Date of January 15, 2026
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 |
31 |
Actual/360 Days |
31 |
Noteholder Distributions
|
Interest Distributed |
Per $1000 of Original Balance |
Principal Distributed |
Per $1000 of Original Balance |
Amount Distributed |
Per $1000 of Original Balance |
|||||||||||||||||||||||||||||
|
Class A-1 Notes |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||||||||||
|
Class A-2a Notes |
$331,355.80 | $1.25 | $17,632,056.29 | $66.54 | $17,963,412.09 | $67.79 | ||||||||||||||||||||||||||||
|
Class A-2b Notes |
$493,717.78 | $1.24 | $26,448,084.44 | $66.54 | $26,941,802.22 | $67.78 | ||||||||||||||||||||||||||||
|
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 |
0.75% | 362 | 1.01% | $9,759,719.91 | ||||||||||||
|
60-89 Days Delinquent |
0.19% | 94 | 0.28% | $2,651,473.50 | ||||||||||||
|
90-119 Days Delinquent |
0.09% | 43 | 0.10% | $995,897.54 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.03% | 499 | 1.39% | $13,407,090.95 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.12% | 1.47% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.04% | 1.40% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
0.93% | 1.26% | ||||||||||||||
|
Receivables Pool Balance |
$962,859,715.54 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.38% | |||||||||||||||
|
Delinquency Trigger Percentage |
4.95% | |||||||||||||||
|
Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
|
Repossessed Vehicle Inventory* |
11 vehicles | |||||||
|
* Included with Delinquencies Above |
||||||||
Page 4 of 5
Servicer's Certificate
for the Collection Period December 01, 2025 through December 31, 2025
for Payment Date of January 15, 2026
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
Toyota Auto Receivables 2024-D Owner Trust published this content on January 28, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on January 28, 2026 at 16:20 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]