Toyota Auto Receivables 2024-A Owner Trust
10/29/2025 | Press release | Distributed by Public on 10/29/2025 09:19
Asset-Backed Issuer Distribution Report (Form 10-D)
Servicer's Certificate
for the Collection Period September 01, 2025 through September 30, 2025
for Payment Date of October 15, 2025
Toyota Auto Receivables 2024-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 Balance |
Ending Principal Factor |
|||||||||||||||||||||||||||
| A-1 | $345,000,000.00 | 1/15/25 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2a | $157,500,000.00 | 12/15/26 | $226,198.51 | 0.0014362 | $0.00 | $226,198.51 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2b | $472,500,000.00 | 12/15/26 | $678,595.55 | 0.0014362 | $0.00 | $678,595.55 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-3 | $630,000,000.00 | 10/16/28 | $630,000,000.00 | 1.0000000 | $0.00 | $21,504,001.24 | $14,875,000.06 | $593,620,998.70 | 0.9422556 | |||||||||||||||||||||||||||
| A-4 | $101,250,000.00 | 4/16/29 | $101,250,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $101,250,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $43,750,000.00 | 8/15/30 | $43,750,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $43,750,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| Total | $1,750,000,000.00 | $775,904,794.06 | $0.00 | $22,408,795.30 | $14,875,000.06 | $738,620,998.70 | 0.4220691 | |||||||||||||||||||||||||||||
| Class | Interest Rate |
Interest Distributable Amount |
Prior Interest Carryover |
Interest Distribution Amount |
Current Interest Carryover |
Total Principal & Interest Distribution |
||||||||||||||||||||
| A-1 | 5.51900% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2a | 5.13000% | $967.00 | $0.00 | $967.00 | $0.00 | $227,165.51 | ||||||||||||||||||||
| A-2b | 4.72208% | $2,670.32 | $0.00 | $2,670.32 | $0.00 | $681,265.87 | ||||||||||||||||||||
| A-3 | 4.83000% | $2,535,750.00 | $0.00 | $2,535,750.00 | $0.00 | $38,914,751.30 | ||||||||||||||||||||
| A-4 | 4.77000% | $402,468.75 | $0.00 | $402,468.75 | $0.00 | $402,468.75 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
| Total | $2,941,856.07 | $0.00 | $2,941,856.07 | $0.00 | $40,225,651.43 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,375,000.02 |
Beginning Period Amount |
$45,872,438.14 | |||||||
|
Specified Reserve Account Amount |
$4,375,000.02 |
Increase/(Decrease) |
$(3,299,208.61 | ) | ||||||
|
Beginning Balance |
$4,375,000.02 |
Ending Period Amount |
$42,573,229.53 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$18,142,483.35 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,375,000.02 |
Adjusted Pool Balance |
$753,495,998.76 | |||||||
|
Reserve Account Required Amount |
$4,375,000.02 |
Total Note Balance |
$738,620,998.70 | |||||||
|
Reserve Account Release to Seller |
$0.00 |
Ending Overcollateralization Amount |
$14,875,000.06 | |||||||
|
Ending Reserve Account Balance |
$4,375,000.02 |
Overcollateralization Target Amount |
$14,875,000.06 | |||||||
Page 1 of 5
Servicer's Certificate
for the Collection Period September 01, 2025 through September 30, 2025
for Payment Date of October 15, 2025
Toyota Auto Receivables 2024-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 |
34 | 725 | 691 | 651 | 608 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$874,346.71 | $18,839,814.07 | $17,965,467.36 | $17,033,147.09 | $15,938,192.69 | |||||||||||||||
|
Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(13,698.02 | ) | $(13,698.02 | ) | $(13,698.02 | ) | $(13,698.02 | ) | |||||||||||
|
Net Liquidation Proceeds Received During the Collection Period |
$(77,555.65 | ) | $(2,726,355.08 | ) | $(2,648,799.43 | ) | $(2,578,387.27 | ) | $(2,353,839.37 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(453,744.62 | ) | $(7,605,850.85 | ) | $(7,152,106.23 | ) | $(6,836,047.66 | ) | $(6,341,687.64 | ) | ||||||||||
|
Net Credit Losses |
$343,046.44 | $8,493,910.12 | $8,150,863.68 | $7,605,014.14 | $7,228,967.66 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
1.01079% | 0.96339% | 0.90762% | 0.84767% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
685 | 654 | 624 | 583 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.65646% | 0.61862% | 0.56684% | 0.52918% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
634 | 606 | 572 | 534 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$8,517,854.53 | $8,172,380.05 | $7,625,003.40 | $7,247,703.46 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$13,435.10 | $13,485.78 | $13,330.43 | $13,572.48 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.44506% | 0.42709% | 0.39849% | 0.37878% | ||||||||||||||||
|
Repossessed in Current Period |
14 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
|
Receivables Pool Balance |
$1,908,468,799.65 | $836,652,232.26 | $796,069,228.29 | |||||||||||||
|
Number of Contracts |
71,726 | 47,137 | 46,055 | |||||||||||||
|
Weighted Average APR |
5.37% | 5.52% | 5.53% | |||||||||||||
|
Weighted Average Remaining Term (Months) |
54.51 | 35.86 | 35.00 | |||||||||||||
Page 2 of 5
Servicer's Certificate
for the Collection Period September 01, 2025 through September 30, 2025
for Payment Date of October 15, 2025
Toyota Auto Receivables 2024-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 |
$27,023,085.17 | |||
|
Prepayments in Full |
$12,685,572.09 | |||
|
Interest Payments Received |
$3,950,387.38 | |||
|
Aggregate Net Liquidation Proceeds |
$531,300.27 | |||
|
Interest on Repurchased Contracts |
$0.00 | |||
|
Total Collections |
$44,190,344.91 | |||
|
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 |
$44,190,344.91 |
Distributions
|
Calculated Amount |
Amount Paid |
Shortfall |
||||||||
|
Servicing Fee |
$697,210.19 | $697,210.19 | $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 |
$967.00 | $967.00 | $0.00 | |||||||
|
Interest - Class A-2b Notes |
$2,670.32 | $2,670.32 | $0.00 | |||||||
|
Interest - Class A-3 Notes |
$2,535,750.00 | $2,535,750.00 | $0.00 | |||||||
|
Interest - Class A-4 Notes |
$402,468.75 | $402,468.75 | $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 |
$22,408,795.30 | $22,408,795.30 | $0.00 | |||||||
|
Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||
|
Regular Principal Distribution Amount |
$14,875,000.06 | $14,875,000.06 | $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 |
$3,267,483.29 | $3,267,483.29 | N/A | |||||||
Page 3 of 5
Servicer's Certificate
for the Collection Period September 01, 2025 through September 30, 2025
for Payment Date of October 15, 2025
Toyota Auto Receivables 2024-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 |
|||||||||||||||||||||||||||||
|
Class A-1 Notes |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||||||||||
|
Class A-2a Notes |
$967.00 | $0.01 | $226,198.51 | $1.44 | $227,165.51 | $1.45 | ||||||||||||||||||||||||||||
|
Class A-2b Notes |
$2,670.32 | $0.01 | $678,595.55 | $1.44 | $681,265.87 | $1.45 | ||||||||||||||||||||||||||||
|
Class A-3 Notes |
$2,535,750.00 | $4.03 | $36,379,001.30 | $57.74 | $38,914,751.30 | $61.77 | ||||||||||||||||||||||||||||
|
Class A-4 Notes |
$402,468.75 | $3.98 | $0.00 | $0.00 | $402,468.75 | $3.98 | ||||||||||||||||||||||||||||
|
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 |
0.85% | 393 | 1.17% | $9,289,227.20 | ||||||||||||
|
60-89 Days Delinquent |
0.25% | 114 | 0.38% | $3,007,133.01 | ||||||||||||
|
90-119 Days Delinquent |
0.10% | 48 | 0.17% | $1,315,158.19 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.20% | 555 | 1.72% | $13,611,518.40 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.32% | 1.89% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.27% | 1.78% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
1.13% | 1.54% | ||||||||||||||
|
Receivables Pool Balance |
$796,069,228.29 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.54% | |||||||||||||||
|
Delinquency Trigger Percentage |
4.65% | |||||||||||||||
|
Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
|
Repossessed Vehicle Inventory* |
17 vehicles | |||||||
|
* Included with Delinquencies Above |
||||||||
Page 4 of 5
Servicer's Certificate
for the Collection Period September 01, 2025 through September 30, 2025
for Payment Date of October 15, 2025
Toyota Auto Receivables 2024-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
Toyota Auto Receivables 2024-A Owner Trust published this content on October 29, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on October 29, 2025 at 15:19 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]