Toyota Auto Receivables 2024-C 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-C 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 | $383,000,000.00 | 8/15/25 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2a | $358,000,000.00 | 5/17/27 | $129,200,254.30 | 0.3608946 | $0.00 | $16,445,344.50 | $8,644,886.38 | $104,110,023.42 | 0.2908101 | |||||||||||||||||||||||||||
| A-2b | $258,000,000.00 | 5/17/27 | $93,110,797.79 | 0.3608946 | $0.00 | $11,851,672.85 | $6,230,113.64 | $75,029,011.30 | 0.2908101 | |||||||||||||||||||||||||||
| A-3 | $616,000,000.00 | 3/15/29 | $616,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $616,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| A-4 | $91,250,000.00 | 11/15/29 | $91,250,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $91,250,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $43,750,000.00 | 2/18/31 | $43,750,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $43,750,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| Total | $1,750,000,000.00 | $973,311,052.09 | $0.00 | $28,297,017.35 | $14,875,000.02 | $930,139,034.72 | 0.5315080 | |||||||||||||||||||||||||||||
| Class | Interest Rate |
Interest Distributable Amount |
Prior Interest Carryover |
Interest Distribution Amount |
Current Interest Carryover |
Total Principal & Interest Distribution |
||||||||||||||||||||
| A-1 | 5.47100% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2a | 5.16000% | $555,561.09 | $0.00 | $555,561.09 | $0.00 | $25,645,791.97 | ||||||||||||||||||||
| A-2b | 4.74208% | $367,949.04 | $0.00 | $367,949.04 | $0.00 | $18,449,735.53 | ||||||||||||||||||||
| A-3 | 4.88000% | $2,505,066.67 | $0.00 | $2,505,066.67 | $0.00 | $2,505,066.67 | ||||||||||||||||||||
| A-4 | 4.83000% | $367,281.25 | $0.00 | $367,281.25 | $0.00 | $367,281.25 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
| Total | $3,795,858.05 | $0.00 | $3,795,858.05 | $0.00 | $46,967,875.42 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,375,000.00 |
Beginning Period Amount |
$48,110,543.93 | |||||||
|
Specified Reserve Account Amount |
$4,375,000.00 |
Increase/(Decrease) |
$(3,204,463.85 | ) | ||||||
|
Beginning Balance |
$4,375,000.00 |
Ending Period Amount |
$44,906,080.08 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$18,235,507.45 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,375,000.00 |
Adjusted Pool Balance |
$945,014,034.74 | |||||||
|
Reserve Account Required Amount |
$4,375,000.00 |
Total Note Balance |
$930,139,034.72 | |||||||
|
Reserve Account Release to Seller |
$0.00 |
Ending Overcollateralization Amount |
$14,875,000.02 | |||||||
|
Ending Reserve Account Balance |
$4,375,000.00 |
Overcollateralization Target Amount |
$14,875,000.02 | |||||||
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-C 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 | 429 | 395 | 359 | 329 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$1,129,724.67 | $12,665,388.23 | $11,535,663.56 | $10,530,753.45 | $9,707,698.93 | |||||||||||||||
|
Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(36,160.75 | ) | $(36,160.75 | ) | $(14,377.79 | ) | $(14,377.79 | ) | |||||||||||
|
Net Liquidation Proceeds Received During the Collection Period |
$(258,084.06 | ) | $(2,621,395.83 | ) | $(2,363,311.77 | ) | $(2,098,211.81 | ) | $(1,885,250.77 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(294,675.38 | ) | $(4,091,753.32 | ) | $(3,797,077.94 | ) | $(3,496,434.33 | ) | $(2,781,836.58 | ) | ||||||||||
|
Net Credit Losses |
$576,965.23 | $5,916,078.33 | $5,339,113.10 | $4,921,729.52 | $5,026,233.79 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.62309% | 0.57371% | 0.52142% | 0.47785% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
399 | 362 | 333 | 305 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.42784% | 0.37893% | 0.34283% | 0.34361% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
391 | 359 | 327 | 306 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$5,927,585.72 | $5,350,145.90 | $4,931,780.18 | $5,033,513.18 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$15,160.07 | $14,902.91 | $15,081.90 | $16,449.39 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.31724% | 0.28630% | 0.26392% | 0.26953% | ||||||||||||||||
|
Repossessed in Current Period |
9 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
|
Receivables Pool Balance |
$1,864,834,545.38 | $1,036,296,596.04 | $989,920,114.82 | |||||||||||||
|
Number of Contracts |
68,850 | 50,078 | 48,947 | |||||||||||||
|
Weighted Average APR |
6.04% | 6.10% | 6.11% | |||||||||||||
|
Weighted Average Remaining Term (Months) |
54.17 | 40.67 | 39.78 | |||||||||||||
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-C 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 |
$29,346,357.68 | |||
|
Prepayments in Full |
$15,801,212.08 | |||
|
Interest Payments Received |
$5,390,261.54 | |||
|
Aggregate Net Liquidation Proceeds |
$552,759.44 | |||
|
Interest on Repurchased Contracts |
$2,185.82 | |||
|
Total Collections |
$51,092,776.56 | |||
|
Principal of Repurchased Contracts |
$99,186.79 | |||
|
Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
|
Adjustment on Repurchased Contracts |
$0.00 | |||
|
Total Repurchased Amount |
$99,186.79 | |||
|
Total Available Collections |
$51,191,963.35 |
Distributions
|
Calculated Amount |
Amount Paid |
Shortfall |
||||||||
|
Servicing Fee |
$863,580.50 | $863,580.50 | $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 |
$555,561.09 | $555,561.09 | $0.00 | |||||||
|
Interest - Class A-2b Notes |
$367,949.04 | $367,949.04 | $0.00 | |||||||
|
Interest - Class A-3 Notes |
$2,505,066.67 | $2,505,066.67 | $0.00 | |||||||
|
Interest - Class A-4 Notes |
$367,281.25 | $367,281.25 | $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 |
$28,297,017.35 | $28,297,017.35 | $0.00 | |||||||
|
Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||
|
Regular Principal Distribution Amount |
$14,875,000.02 | $14,875,000.02 | $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 |
$3,360,507.43 | $3,360,507.43 | 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-C 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 |
$555,561.09 | $1.55 | $25,090,230.88 | $70.08 | $25,645,791.97 | $71.63 | ||||||||||||||||||||||||||||
|
Class A-2b Notes |
$367,949.04 | $1.43 | $18,081,786.49 | $70.08 | $18,449,735.53 | $71.51 | ||||||||||||||||||||||||||||
|
Class A-3 Notes |
$2,505,066.67 | $4.07 | $0.00 | $0.00 | $2,505,066.67 | $4.07 | ||||||||||||||||||||||||||||
|
Class A-4 Notes |
$367,281.25 | $4.03 | $0.00 | $0.00 | $367,281.25 | $4.03 | ||||||||||||||||||||||||||||
|
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 |
0.74% | 364 | 0.97% | $9,624,849.40 | ||||||||||||
|
60-89 Days Delinquent |
0.21% | 102 | 0.28% | $2,779,542.00 | ||||||||||||
|
90-119 Days Delinquent |
0.09% | 46 | 0.11% | $1,130,903.26 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.04% | 512 | 1.36% | $13,535,294.66 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.07% | 1.44% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.04% | 1.42% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
0.92% | 1.22% | ||||||||||||||
|
Receivables Pool Balance |
$989,920,114.82 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.40% | |||||||||||||||
|
Delinquency Trigger Percentage |
4.95% | |||||||||||||||
|
Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
|
Repossessed Vehicle Inventory* |
13 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-C 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-C 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]