Toyota Auto Receivables 2024-B Owner Trust
09/26/2025 | Press release | Distributed by Public on 09/26/2025 09:23
Asset-Backed Issuer Distribution Report (Form 10-D)
Servicer's Certificate
for the Collection Period August 01, 2025 through August 31, 2025
for Payment Date of September 15, 2025
Toyota Auto Receivables 2024-B 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 |
Second Priority Principal Distribution Amount |
Regular Principal Distribution Amount |
Ending Principal Balance |
Ending Principal Factor |
|||||||||||||||||||||||||||
| A-1 | $375,000,000.00 | 5/15/25 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2a | $262,100,000.00 | 3/15/27 | $63,353,085.59 | 0.2417134 | $0.00 | $10,429,841.84 | $6,288,324.46 | $46,634,919.29 | 0.1779280 | |||||||||||||||||||||||||||
| A-2b | $357,900,000.00 | 3/15/27 | $86,509,230.57 | 0.2417134 | $0.00 | $14,242,046.52 | $8,586,765.83 | $63,680,418.22 | 0.1779280 | |||||||||||||||||||||||||||
| A-3 | $620,000,000.00 | 1/16/29 | $620,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $620,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| A-4 | $91,260,000.00 | 7/16/29 | $91,260,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $91,260,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $43,740,000.00 | 10/15/30 | $43,740,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $43,740,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| Total | $1,750,000,000.00 | $904,862,316.16 | $0.00 | $24,671,888.36 | $14,875,090.29 | $865,315,337.51 | 0.4944659 | |||||||||||||||||||||||||||||
| Class | Interest Rate |
Interest Distributable Amount |
Prior Interest Carryover |
Interest Distribution Amount |
Current Interest Carryover |
Total Principal & Interest Distribution |
||||||||||||||||||||
| A-1 | 5.51500% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2a | 5.41000% | $285,616.83 | $0.00 | $285,616.83 | $0.00 | $17,003,783.13 | ||||||||||||||||||||
| A-2b | 4.69270% | $349,578.27 | $0.00 | $349,578.27 | $0.00 | $23,178,390.62 | ||||||||||||||||||||
| A-3 | 5.33000% | $2,753,833.33 | $0.00 | $2,753,833.33 | $0.00 | $2,753,833.33 | ||||||||||||||||||||
| A-4 | 5.28000% | $401,544.00 | $0.00 | $401,544.00 | $0.00 | $401,544.00 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
| Total | $3,790,572.43 | $0.00 | $3,790,572.43 | $0.00 | $43,337,551.08 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,375,026.56 |
Beginning Period Amount |
$47,247,198.48 | |||||||
|
Specified Reserve Account Amount |
$4,375,026.56 |
Increase/(Decrease) |
$(3,106,014.67 | ) | ||||||
|
Beginning Balance |
$4,375,026.56 |
Ending Period Amount |
$44,141,183.81 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$17,413,146.18 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,375,026.56 |
Adjusted Pool Balance |
$880,190,427.80 | |||||||
|
Reserve Account Required Amount |
$4,375,026.56 |
Total Note Balance |
$865,315,337.51 | |||||||
|
Reserve Account Release to Seller |
$0.00 |
Ending Overcollateralization Amount |
$14,875,090.29 | |||||||
|
Ending Reserve Account Balance |
$4,375,026.56 |
Overcollateralization Target Amount |
$14,875,090.29 | |||||||
Page 1 of 5
Servicer's Certificate
for the Collection Period August 01, 2025 through August 31, 2025
for Payment Date of September 15, 2025
Toyota Auto Receivables 2024-B 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 |
35 | 485 | 450 | 420 | 398 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$956,700.84 | $13,705,864.14 | $12,749,163.30 | $11,843,978.25 | $11,321,578.26 | |||||||||||||||
|
Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(71,867.54 | ) | $(71,867.54 | ) | $(71,867.54 | ) | $(71,867.54 | ) | |||||||||||
|
Net Liquidation Proceeds Received During the Collection Period |
$(78,760.92 | ) | $(1,939,637.26 | ) | $(1,860,876.34 | ) | $(1,654,894.92 | ) | $(1,598,029.65 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(244,454.01 | ) | $(5,486,794.28 | ) | $(5,242,340.27 | ) | $(4,869,788.35 | ) | $(4,395,901.70 | ) | ||||||||||
|
Net Credit Losses |
$633,485.91 | $6,207,565.06 | $5,574,079.15 | $5,247,427.44 | $5,255,779.37 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.69035% | 0.64053% | 0.59783% | 0.56652% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
453 | 424 | 397 | 380 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.45995% | 0.40549% | 0.37478% | 0.36858% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
419 | 386 | 362 | 346 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$6,221,852.01 | $5,588,056.75 | $5,259,984.46 | $5,266,942.04 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$14,849.29 | $14,476.83 | $14,530.34 | $15,222.38 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.33085% | 0.29709% | 0.27968% | 0.28012% | ||||||||||||||||
|
Repossessed in Current Period |
10 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
|
Receivables Pool Balance |
$1,876,256,589.10 | $966,984,604.93 | $924,331,611.61 | |||||||||||||
|
Number of Contracts |
70,254 | 48,922 | 47,875 | |||||||||||||
|
Weighted Average APR |
5.70% | 5.79% | 5.79% | |||||||||||||
|
Weighted Average Remaining Term (Months) |
54.56 | 39.49 | 38.60 | |||||||||||||
Page 2 of 5
Servicer's Certificate
for the Collection Period August 01, 2025 through August 31, 2025
for Payment Date of September 15, 2025
Toyota Auto Receivables 2024-B 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 |
$27,314,025.56 | |||
|
Prepayments in Full |
$14,348,932.31 | |||
|
Interest Payments Received |
$4,661,638.92 | |||
|
Aggregate Net Liquidation Proceeds |
$323,214.93 | |||
|
Interest on Repurchased Contracts |
$281.14 | |||
|
Total Collections |
$46,648,092.86 | |||
|
Principal of Repurchased Contracts |
$33,334.61 | |||
|
Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
|
Adjustment on Repurchased Contracts |
$0.00 | |||
|
Total Repurchased Amount |
$33,334.61 | |||
|
Total Available Collections |
$46,681,427.47 |
Distributions
| Calculated Amount | Amount Paid | Shortfall | ||||||||||||||
|
Servicing Fee |
$805,820.50 | $805,820.50 | $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 |
$285,616.83 | $285,616.83 | $0.00 | |||||||||||||
|
Interest - Class A-2b Notes |
$349,578.27 | $349,578.27 | $0.00 | |||||||||||||
|
Interest - Class A-3 Notes |
$2,753,833.33 | $2,753,833.33 | $0.00 | |||||||||||||
|
Interest - Class A-4 Notes |
$401,544.00 | $401,544.00 | $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 |
$24,671,888.36 | $24,671,888.36 | $0.00 | |||||||||||||
|
Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||||||||
|
Regular Principal Distribution Amount |
$14,875,090.29 | $14,875,090.29 | $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 |
$2,538,055.89 | $2,538,055.89 | N/A | |||||||||||||
Page 3 of 5
Servicer's Certificate
for the Collection Period August 01, 2025 through August 31, 2025
for Payment Date of September 15, 2025
Toyota Auto Receivables 2024-B 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 |
$285,616.83 | $1.09 | $16,718,166.30 | $63.79 | $17,003,783.13 | $64.88 | ||||||||||||||||||||||||||||
|
Class A-2b Notes |
$349,578.27 | $0.98 | $22,828,812.35 | $63.79 | $23,178,390.62 | $64.77 | ||||||||||||||||||||||||||||
|
Class A-3 Notes |
$2,753,833.33 | $4.44 | $0.00 | $0.00 | $2,753,833.33 | $4.44 | ||||||||||||||||||||||||||||
|
Class A-4 Notes |
$401,544.00 | $4.40 | $0.00 | $0.00 | $401,544.00 | $4.40 | ||||||||||||||||||||||||||||
|
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 |
0.78% | 374 | 1.08% | $9,978,659.15 | ||||||||||||
|
60-89 Days Delinquent |
0.23% | 108 | 0.29% | $2,680,297.80 | ||||||||||||
|
90-119 Days Delinquent |
0.07% | 33 | 0.09% | $870,160.17 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.08% | 515 | 1.46% | $13,529,117.12 | ||||||||||||
|
Total Delinquencies - Prior Period |
0.99% | 1.34% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
0.91% | 1.22% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
0.90% | 1.21% | ||||||||||||||
|
Receivables Pool Balance |
$924,331,611.61 | |||||||||||||||
|
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 August 01, 2025 through August 31, 2025
for Payment Date of September 15, 2025
Toyota Auto Receivables 2024-B 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-B Owner Trust published this content on September 26, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 26, 2025 at 15:23 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]