Toyota Auto Receivables 2024-B 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-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 |
Second Priority
Principal |
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 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2b | $357,900,000.00 | 3/15/27 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-3 | $620,000,000.00 | 1/16/29 | $616,286,262.42 | 0.9940101 | $0.00 | $22,455,712.29 | $14,875,090.29 | $578,955,459.84 | 0.9337991 | |||||||||||||||||||||||||||
| 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 | $751,286,262.42 | $0.00 | $22,455,712.29 | $14,875,090.29 | $713,955,459.84 | 0.4079745 | |||||||||||||||||||||||||||||
| 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% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2b | 4.33385% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-3 | 5.33000% | $2,737,338.15 | $0.00 | $2,737,338.15 | $0.00 | $40,068,140.73 | ||||||||||||||||||||
| 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 | $3,138,882.15 | $0.00 | $3,138,882.15 | $0.00 | $40,469,684.73 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,375,026.56 |
Beginning Period Amount |
$35,581,423.93 | |||||||
|
Specified Reserve Account Amount |
$4,375,026.56 |
Increase/(Decrease) |
$(2,633,367.88 | ) | ||||||
|
Beginning Balance |
$4,375,026.56 |
Ending Period Amount |
$32,948,056.05 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$17,450,949.28 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,375,026.56 |
Adjusted Pool Balance |
$728,830,550.13 | |||||||
|
Reserve Account Required Amount |
$4,375,026.56 |
Total Note Balance |
$713,955,459.84 | |||||||
|
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 December 01, 2025 through December 31, 2025
for Payment Date of January 15, 2026
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 |
21 | 581 | 560 | 535 | 512 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$441,071.42 | $15,834,966.99 | $15,393,895.57 | $14,853,271.70 | $14,409,023.28 | |||||||||||||||
|
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 |
$6,248.78 | $(2,162,595.63 | ) | $(2,168,844.41 | ) | $(2,096,239.07 | ) | $(2,030,539.47 | ) | |||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(218,301.18 | ) | $(7,001,521.53 | ) | $(6,783,220.35 | ) | $(6,466,051.35 | ) | $(6,111,568.88 | ) | ||||||||||
|
Net Credit Losses |
$229,019.02 | $6,598,982.29 | $6,369,963.27 | $6,219,113.74 | $6,195,047.39 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.82700% | 0.79711% | 0.76152% | 0.72878% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
552 | 529 | 509 | 481 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.52645% | 0.49886% | 0.47815% | 0.46756% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
502 | 483 | 460 | 441 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$6,619,679.14 | $6,390,316.59 | $6,236,342.23 | $6,211,276.36 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$13,186.61 | $13,230.47 | $13,557.27 | $14,084.53 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.35171% | 0.33950% | 0.33146% | 0.33018% | ||||||||||||||||
|
Repossessed in Current Period |
6 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
|
Receivables Pool Balance |
$1,876,256,589.10 | $801,742,776.64 | $761,778,606.18 | |||||||||||||
|
Number of Contracts |
70,254 | 44,781 | 43,733 | |||||||||||||
|
Weighted Average APR |
5.70% | 5.82% | 5.84% | |||||||||||||
|
Weighted Average Remaining Term (Months) |
54.56 | 35.98 | 35.13 | |||||||||||||
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-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 |
$26,051,583.59 | |||
|
Prepayments in Full |
$13,471,515.45 | |||
|
Interest Payments Received |
$3,978,511.26 | |||
|
Aggregate Net Liquidation Proceeds |
$212,052.40 | |||
|
Interest on Repurchased Contracts |
$0.00 | |||
|
Total Collections |
$43,713,662.70 | |||
|
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 |
$43,713,662.70 |
Distributions
|
Calculated Amount |
Amount Paid |
Shortfall |
||||||||
|
Servicing Fee |
$668,118.98 | $668,118.98 | $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 |
$0.00 | $0.00 | $0.00 | |||||||
|
Interest - Class A-2b Notes |
$0.00 | $0.00 | $0.00 | |||||||
|
Interest - Class A-3 Notes |
$2,737,338.15 | $2,737,338.15 | $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 |
$22,455,712.29 | $22,455,712.29 | $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 |
$2,575,858.99 | $2,575,858.99 | 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-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 |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||||||||||
|
Class A-2b Notes |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||||||||||
|
Class A-3 Notes |
$2,737,338.15 | $4.42 | $37,330,802.58 | $60.21 | $40,068,140.73 | $64.63 | ||||||||||||||||||||||||||||
|
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 |
0.86% | 375 | 1.20% | $9,172,228.17 | ||||||||||||
|
60-89 Days Delinquent |
0.25% | 110 | 0.37% | $2,800,394.76 | ||||||||||||
|
90-119 Days Delinquent |
0.07% | 31 | 0.10% | $756,088.13 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.18% | 516 | 1.67% | $12,728,711.06 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.14% | 1.59% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.13% | 1.55% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
1.06% | 1.44% | ||||||||||||||
|
Receivables Pool Balance |
$761,778,606.18 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.47% | |||||||||||||||
|
Delinquency Trigger Percentage |
4.95% | |||||||||||||||
|
Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
|
Repossessed Vehicle Inventory* |
8 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-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 January 28, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on January 28, 2026 at 16:19 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]