Toyota Auto Receivables 2024-C Owner Trust
04/28/2026 | Press release | Distributed by Public on 04/28/2026 08:58
Asset-Backed Issuer Distribution Report (Form 10-D)
Servicer's Certificate
for the Collection Period March 01, 2026 through March 31, 2026
for Payment Date of April 15, 2026
Toyota Auto Receivables 2024-C Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
31 |
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 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2b | $258,000,000.00 | 5/17/27 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-3 | $616,000,000.00 | 3/15/29 | $601,231,141.84 | 0.9760246 | $0.00 | $25,521,263.89 | $14,875,000.02 | $560,834,877.93 | 0.9104462 | |||||||||||||||||||||||||||
| 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 | $736,231,141.84 | $0.00 | $25,521,263.89 | $14,875,000.02 | $695,834,877.93 | 0.3976199 | |||||||||||||||||||||||||||||
| 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% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2b | 4.04223% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-3 | 4.88000% | $2,445,006.64 | $0.00 | $2,445,006.64 | $0.00 | $42,841,270.55 | ||||||||||||||||||||
| 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 | $2,812,287.89 | $0.00 | $2,812,287.89 | $0.00 | $43,208,551.80 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,375,000.00 |
Beginning Period Amount |
$31,318,030.51 | |||||||
|
Specified Reserve Account Amount |
$4,375,000.00 |
Increase/(Decrease) |
$(2,500,228.10 | ) | ||||||
|
Beginning Balance |
$4,375,000.00 |
Ending Period Amount |
$28,817,802.41 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$17,601,790.39 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,375,000.00 |
Adjusted Pool Balance |
$710,709,877.95 | |||||||
|
Reserve Account Required Amount |
$4,375,000.00 |
Total Note Balance |
$695,834,877.93 | |||||||
|
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 March 01, 2026 through March 31, 2026
for Payment Date of April 15, 2026
Toyota Auto Receivables 2024-C Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
31 |
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 |
35 | 630 | 595 | 565 | 537 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$821,984.71 | $17,495,354.55 | $16,673,369.84 | $15,964,728.23 | $15,260,937.72 | |||||||||||||||
|
Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(36,160.75 | ) | $(36,160.75 | ) | $(36,160.75 | ) | $(36,160.75 | ) | |||||||||||
|
Net Liquidation Proceeds Received During the Collection Period |
$(146,344.63 | ) | $(3,252,396.47 | ) | $(3,106,051.84 | ) | $(2,989,660.46 | ) | $(2,954,703.47 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(379,158.85 | ) | $(6,412,039.23 | ) | $(6,032,880.38 | ) | $(5,601,785.73 | ) | $(5,313,163.79 | ) | ||||||||||
|
Net Credit Losses |
$296,481.23 | $7,794,758.10 | $7,498,276.87 | $7,337,121.29 | $6,956,909.71 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.91503% | 0.86420% | 0.82062% | 0.77996% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
598 | 569 | 536 | 505 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.63098% | 0.59560% | 0.57198% | 0.53224% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
565 | 537 | 514 | 488 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$7,811,909.08 | $7,513,953.41 | $7,351,096.96 | $6,970,291.39 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$13,826.39 | $13,992.46 | $14,301.75 | $14,283.38 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.41799% | 0.40209% | 0.39345% | 0.37306% | ||||||||||||||||
|
Repossessed in Current Period |
13 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
|
Receivables Pool Balance |
$1,864,834,545.38 | $782,424,172.37 | $739,527,680.36 | |||||||||||||
|
Number of Contracts |
68,850 | 43,865 | 42,709 | |||||||||||||
|
Weighted Average APR |
6.04% | 6.17% | 6.18% | |||||||||||||
|
Weighted Average Remaining Term (Months) |
54.17 | 35.38 | 34.52 | |||||||||||||
Page 2 of 5
Servicer's Certificate
for the Collection Period March 01, 2026 through March 31, 2026
for Payment Date of April 15, 2026
Toyota Auto Receivables 2024-C Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
31 |
30/360 Days |
30 | |||||
|
Interest Accrual Period |
30 |
Actual/360 Days |
30 |
Collections
|
Principal Payments Received |
$27,432,574.91 | |||
|
Prepayments in Full |
$14,601,419.21 | |||
|
Interest Payments Received |
$3,986,618.84 | |||
|
Aggregate Net Liquidation Proceeds |
$525,503.48 | |||
|
Interest on Repurchased Contracts |
$732.69 | |||
|
Total Collections |
$46,546,849.13 | |||
|
Principal of Repurchased Contracts |
$40,513.18 | |||
|
Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
|
Adjustment on Repurchased Contracts |
$0.00 | |||
|
Total Repurchased Amount |
$40,513.18 | |||
|
Total Available Collections |
$46,587,362.31 |
Distributions
|
Calculated Amount |
Amount Paid |
Shortfall |
||||||||
|
Servicing Fee |
$652,020.14 | $652,020.14 | $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 |
$2,445,006.64 | $2,445,006.64 | $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 |
$25,521,263.89 | $25,521,263.89 | $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 |
$2,726,790.37 | $2,726,790.37 | N/A | |||||||
Page 3 of 5
Servicer's Certificate
for the Collection Period March 01, 2026 through March 31, 2026
for Payment Date of April 15, 2026
Toyota Auto Receivables 2024-C Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
31 |
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 |
$2,445,006.64 | $3.97 | $40,396,263.91 | $65.58 | $42,841,270.55 | $69.55 | ||||||||||||||||||||||||||||
|
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 |
0.73% | 313 | 1.01% | $7,480,261.87 | ||||||||||||
|
60-89 Days Delinquent |
0.23% | 100 | 0.32% | $2,395,621.67 | ||||||||||||
|
90-119 Days Delinquent |
0.06% | 26 | 0.07% | $495,665.10 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.02% | 439 | 1.40% | $10,371,548.64 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.07% | 1.50% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.13% | 1.50% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
1.19% | 1.63% | ||||||||||||||
|
Receivables Pool Balance |
$739,527,680.36 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.39% | |||||||||||||||
|
Delinquency Trigger Percentage |
4.95% | |||||||||||||||
|
Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
|
Repossessed Vehicle Inventory* |
14 vehicles | |||||||||||||||
|
* Included with Delinquencies Above |
||||||||||||||||
Page 4 of 5
Servicer's Certificate
for the Collection Period March 01, 2026 through March 31, 2026
for Payment Date of April 15, 2026
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 April 28, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 28, 2026 at 14:59 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]