Toyota Auto Receivables 2024-A 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-A 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 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 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2b | $472,500,000.00 | 12/15/26 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-3 | $630,000,000.00 | 10/16/28 | $526,202,040.15 | 0.8352413 | $0.00 | $20,669,927.54 | $14,875,000.06 | $490,657,112.55 | 0.7788208 | |||||||||||||||||||||||||||
| 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 | $671,202,040.15 | $0.00 | $20,669,927.54 | $14,875,000.06 | $635,657,112.55 | 0.3632326 | |||||||||||||||||||||||||||||
| 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% | $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 | 4.83000% | $2,117,963.21 | $0.00 | $2,117,963.21 | $0.00 | $37,662,890.81 | ||||||||||||||||||||
| 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 | $2,520,431.96 | $0.00 | $2,520,431.96 | $0.00 | $38,065,359.56 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,375,000.02 |
Beginning Period Amount |
$36,703,949.95 | |||||||
|
Specified Reserve Account Amount |
$4,375,000.02 |
Increase/(Decrease) |
$(2,875,224.55 | ) | ||||||
|
Beginning Balance |
$4,375,000.02 |
Ending Period Amount |
$33,828,725.40 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$17,920,090.03 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,375,000.02 |
Adjusted Pool Balance |
$650,532,112.61 | |||||||
|
Reserve Account Required Amount |
$4,375,000.02 |
Total Note Balance |
$635,657,112.55 | |||||||
|
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 December 01, 2025 through December 31, 2025
for Payment Date of January 15, 2026
Toyota Auto Receivables 2024-A 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 |
28 | 820 | 792 | 764 | 725 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$656,616.12 | $21,180,431.91 | $20,523,815.79 | $19,882,206.65 | $18,839,814.07 | |||||||||||||||
|
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 |
$(35,175.87 | ) | $(3,005,974.46 | ) | $(2,970,798.59 | ) | $(2,876,987.00 | ) | $(2,726,355.08 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(510,945.25 | ) | $(9,044,290.82 | ) | $(8,533,345.57 | ) | $(8,126,549.01 | ) | $(7,605,850.85 | ) | ||||||||||
|
Net Credit Losses |
$110,495.00 | $9,116,468.61 | $9,005,973.61 | $8,864,972.62 | $8,493,910.12 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
1.14324% | 1.10420% | 1.06516% | 1.01079% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
788 | 761 | 727 | 685 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.74408% | 0.72179% | 0.69772% | 0.65646% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
719 | 695 | 670 | 634 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$9,149,258.86 | $9,036,162.50 | $8,894,050.83 | $8,517,854.53 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$12,724.98 | $13,001.67 | $13,274.70 | $13,435.10 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.47768% | 0.47190% | 0.46451% | 0.44506% | ||||||||||||||||
|
Repossessed in Current Period |
19 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
|
Receivables Pool Balance |
$1,908,468,799.65 | $722,780,990.16 | $684,360,838.01 | |||||||||||||
|
Number of Contracts |
71,726 | 44,156 | 43,053 | |||||||||||||
|
Weighted Average APR |
5.37% | 5.56% | 5.57% | |||||||||||||
|
Weighted Average Remaining Term (Months) |
54.51 | 33.28 | 32.42 | |||||||||||||
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-A 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 |
$25,711,565.02 | |||
|
Prepayments in Full |
$12,051,971.01 | |||
|
Interest Payments Received |
$3,416,709.87 | |||
|
Aggregate Net Liquidation Proceeds |
$546,121.12 | |||
|
Interest on Repurchased Contracts |
$0.00 | |||
|
Total Collections |
$41,726,367.02 | |||
|
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 |
$41,726,367.02 |
Distributions
|
Calculated Amount |
Amount Paid |
Shortfall |
||||||||
|
Servicing Fee |
$602,317.49 | $602,317.49 | $0.00 | |||||||
|
Trustee and Other Fees/Expenses (capped at $300,000.00 per calendar year) |
||||||||||
|
Indenture Trustee |
$5,000.00 |
$5,000.00 |
$0.00 |
|||||||
|
Owner Trustee |
$3,600.00 |
$3,600.00 |
$0.00 |
|||||||
|
Asset Representations Reviewer |
$5,000.00 |
$5,000.00 |
$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 |
$2,117,963.21 | $2,117,963.21 | $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 |
$20,669,927.54 | $20,669,927.54 | $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 |
$3,045,089.97 | $3,045,089.97 | 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-A 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 |
$2,117,963.21 | $3.36 | $35,544,927.60 | $56.42 | $37,662,890.81 | $59.78 | ||||||||||||||||||||||||||||
|
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 |
1.03% | 442 | 1.46% | $9,989,905.23 | ||||||||||||
|
60-89 Days Delinquent |
0.27% | 115 | 0.39% | $2,638,677.02 | ||||||||||||
|
90-119 Days Delinquent |
0.13% | 56 | 0.18% | $1,207,628.79 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.43% | 613 | 2.03% | $13,836,211.04 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.36% | 1.93% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.22% | 1.70% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
1.20% | 1.72% | ||||||||||||||
|
Receivables Pool Balance |
$684,360,838.01 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.56% | |||||||||||||||
|
Delinquency Trigger Percentage |
4.65% | |||||||||||||||
|
Has a Delinquency Trigger occurred in this Collection Period? No |
||||||||||||||||
|
Repossessed Vehicle Inventory* |
26 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-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 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]