Toyota Auto Receivables 2023-D Owner Trust
07/29/2026 | Press release | Distributed by Public on 07/29/2026 08:36
Asset-Backed Issuer Distribution Report (Form 10-D)
Servicer's Certificate
for the Collection Period June 01, 2026 through June 30, 2026
for Payment Date of July 15, 2026
Toyota Auto Receivables 2023-D 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 |
Regular Principal Distribution Amount |
Ending Balance |
Ending Principal Factor |
|||||||||||||||||||||||||||
| A-1 | $310,000,000.00 | 11/15/24 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2a | $312,300,000.00 | 11/16/26 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2b | $312,300,000.00 | 11/16/26 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-3 | $554,400,000.00 | 8/15/28 | $287,916,168.62 | 0.5193293 | $0.00 | $12,702,836.98 | $13,600,024.69 | $261,613,306.95 | 0.4718855 | |||||||||||||||||||||||||||
| A-4 | $71,000,000.00 | 3/15/29 | $71,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $71,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $40,000,000.00 | 6/17/30 | $40,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $40,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| Total | $1,600,000,000.00 | $398,916,168.62 | $0.00 | $12,702,836.98 | $13,600,024.69 | $372,613,306.95 | 0.2328833 | |||||||||||||||||||||||||||||
| Class | Interest Rate |
Interest Distributable Amount |
Prior Interest Carryover |
Interest Distribution Amount |
Current Interest Carryover |
Total Principal & Interest Distribution |
||||||||||||||||||||
| A-1 | 5.60400% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2a | 5.80000% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2b | 4.14301% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-3 | 5.54000% | $1,329,212.98 | $0.00 | $1,329,212.98 | $0.00 | $27,632,074.65 | ||||||||||||||||||||
| A-4 | 5.49000% | $324,825.00 | $0.00 | $324,825.00 | $0.00 | $324,825.00 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
| Total | $1,654,037.98 | $0.00 | $1,654,037.98 | $0.00 | $27,956,899.65 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,000,007.26 |
Beginning Period Amount |
$20,679,784.22 | |||||||
|
Specified Reserve Account Amount |
$4,000,007.26 |
Increase/(Decrease) |
$(1,941,620.72 | ) | ||||||
|
Beginning Balance |
$4,000,007.26 |
Ending Period Amount |
$18,738,163.50 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$15,575,865.40 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,000,007.26 |
Adjusted Pool Balance |
$386,213,331.64 | |||||||
|
Reserve Account Required Amount |
$4,000,007.26 |
Total Note Balance |
$372,613,306.95 | |||||||
|
Reserve Account Release to Seller |
$0.00 |
Ending Overcollateralization Amount |
$13,600,024.69 | |||||||
|
Ending Reserve Account Balance |
$4,000,007.26 |
Overcollateralization Target Amount |
$13,600,024.69 | |||||||
Page 1 of 5
Servicer's Certificate
for the Collection Period June 01, 2026 through June 30, 2026
for Payment Date of July 15, 2026
Toyota Auto Receivables 2023-D 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 |
22 | 942 | 920 | 901 | 880 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$440,567.22 | $24,074,484.78 | $23,633,917.56 | $23,343,564.25 | $22,945,294.35 | |||||||||||||||
|
Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(82,659.37 | ) | $(82,659.37 | ) | $(82,659.37 | ) | $(82,659.37 | ) | |||||||||||
|
Net Liquidation Proceeds Received During the Collection Period |
$(33,560.69 | ) | $(3,710,617.69 | ) | $(3,677,057.00 | ) | $(3,613,973.60 | ) | $(3,575,376.62 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(458,119.42 | ) | $(10,731,866.50 | ) | $(10,273,747.08 | ) | $(10,091,519.74 | ) | $(9,803,311.17 | ) | ||||||||||
|
Net Credit Losses |
$(51,112.89 | ) | $9,549,341.22 | $9,600,454.11 | $9,555,411.54 | $9,483,947.19 | ||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
1.44023% | 1.40660% | 1.37755% | 1.34544% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
907 | 887 | 867 | 841 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.95789% | 0.94547% | 0.92395% | 0.90038% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
819 | 806 | 790 | 776 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$9,591,706.29 | $9,640,921.72 | $9,592,504.07 | $9,518,577.55 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$11,711.49 | $11,961.44 | $12,142.41 | $12,266.21 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.53822% | 0.54110% | 0.53856% | 0.53454% | ||||||||||||||||
|
Repossessed in Current Period |
6 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
|
Receivables Pool Balance |
$1,774,239,151.48 | $433,195,977.53 | $404,951,495.14 | |||||||||||||
|
Number of Contracts |
65,406 | 34,361 | 33,241 | |||||||||||||
|
Weighted Average APR |
5.10% | 5.42% | 5.44% | |||||||||||||
|
Weighted Average Remaining Term (Months) |
54.72 | 26.46 | 25.65 | |||||||||||||
Page 2 of 5
Servicer's Certificate
for the Collection Period June 01, 2026 through June 30, 2026
for Payment Date of July 15, 2026
Toyota Auto Receivables 2023-D 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 |
$19,813,445.98 | |||
|
Prepayments in Full |
$7,990,469.19 | |||
|
Interest Payments Received |
$1,998,141.73 | |||
|
Aggregate Net Liquidation Proceeds |
$491,680.11 | |||
|
Interest on Repurchased Contracts |
$0.00 | |||
|
Total Collections |
$30,293,737.01 | |||
|
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 |
$30,293,737.01 |
Distributions
|
Calculated Amount |
Amount Paid |
Shortfall |
||||||||
|
Servicing Fee |
$360,996.65 | $360,996.65 | $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 |
$1,329,212.98 | $1,329,212.98 | $0.00 | |||||||
|
Interest - Class A-4 Notes |
$324,825.00 | $324,825.00 | $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 |
$12,702,836.98 | $12,702,836.98 | $0.00 | |||||||
|
Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||
|
Regular Principal Distribution Amount |
$13,600,024.69 | $13,600,024.69 | $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 |
$1,975,840.71 | $1,975,840.71 | N/A | |||||||
Page 3 of 5
Servicer's Certificate
for the Collection Period June 01, 2026 through June 30, 2026
for Payment Date of July 15, 2026
Toyota Auto Receivables 2023-D 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 |
$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 |
$1,329,212.98 | $2.40 | $26,302,861.67 | $47.44 | $27,632,074.65 | $49.84 | ||||||||||||||||||||||||||||
|
Class A-4 Notes |
$324,825.00 | $4.58 | $0.00 | $0.00 | $324,825.00 | $4.58 | ||||||||||||||||||||||||||||
|
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 |
1.03% | 343 | 1.52% | $6,166,488.12 | ||||||||||||
|
60-89 Days Delinquent |
0.32% | 108 | 0.52% | $2,096,220.60 | ||||||||||||
|
90-119 Days Delinquent |
0.11% | 37 | 0.18% | $722,960.07 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.46% | 488 | 2.22% | $8,985,668.79 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.50% | 2.29% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.34% | 2.07% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
1.20% | 1.82% | ||||||||||||||
|
Receivables Pool Balance |
$404,951,495.14 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.70% | |||||||||||||||
|
Delinquency Trigger Percentage |
4.65% | |||||||||||||||
|
Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
|
Repossessed Vehicle Inventory* |
10 vehicles | |||||||
|
* Included with Delinquencies Above |
||||||||
Page 4 of 5
Servicer's Certificate
for the Collection Period June 01, 2026 through June 30, 2026
for Payment Date of July 15, 2026
Toyota Auto Receivables 2023-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/ Adam Stam |
||
| Name: | Adam Stam | |
| Title: | General Manager - Treasury | |
Page 5 of 5
Toyota Auto Receivables 2023-D Owner Trust published this content on July 29, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 29, 2026 at 14:36 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]