Toyota Auto Receivables 2024-C Owner Trust
08/27/2026 | Press release | Distributed by Public on 08/27/2026 08:58
Asset-Backed Issuer Distribution Report (Form 10-D)
Servicer's Certificate
for the Collection Period July 01, 2026 through July 31, 2026
for Payment Date of August 17, 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 |
33 |
Actual/360 Days |
33 |
| 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 | $457,477,685.60 | 0.7426586 | $0.00 | $17,431,061.22 | $14,875,000.02 | $425,171,624.36 | 0.6902137 | |||||||||||||||||||||||||||
| 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 | $592,477,685.60 | $0.00 | $17,431,061.22 | $14,875,000.02 | $560,171,624.36 | 0.3200981 | |||||||||||||||||||||||||||||
| 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 | 3.99539% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-3 | 4.88000% | $1,860,409.25 | $0.00 | $1,860,409.25 | $0.00 | $34,166,470.49 | ||||||||||||||||||||
| 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 | $2,227,690.50 | $0.00 | $2,227,690.50 | $0.00 | $34,533,751.74 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,375,000.00 |
Beginning Period Amount |
$22,584,276.35 | |||||||
|
Specified Reserve Account Amount |
$4,375,000.00 |
Increase/(Decrease) |
$(1,824,406.25 | ) | ||||||
|
Beginning Balance |
$4,375,000.00 |
Ending Period Amount |
$20,759,870.10 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$17,319,422.43 |
Overcollateralization |
||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,375,000.00 |
Adjusted Pool Balance |
$575,046,624.38 | |||||||
|
Reserve Account Required Amount |
$4,375,000.00 |
Total Note Balance |
$560,171,624.36 | |||||||
|
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 July 01, 2026 through July 31, 2026
for Payment Date of August 17, 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 |
33 |
Actual/360 Days |
33 |
Liquidations of Charge-offs and Repossessions
| Cumulative | ||||||||||||||||||||
| Current Period Only | Current Period | Prior Period | Two Periods Prior | Three Periods Prior | ||||||||||||||||
|
Number of Liquidated Receivables |
23 | 717 | 694 | 676 | 653 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$349,450.83 | $19,189,920.02 | $18,840,469.19 | $18,434,132.09 | $17,939,270.70 | |||||||||||||||
|
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 |
$3,187.53 | $(3,510,834.91 | ) | $(3,514,022.44 | ) | $(3,467,946.91 | ) | $(3,365,591.40 | ) | |||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(436,109.92 | ) | $(7,716,800.64 | ) | $(7,280,690.72 | ) | $(7,027,498.32 | ) | $(6,658,957.77 | ) | ||||||||||
|
Net Credit Losses |
$(83,471.56 | ) | $7,926,123.72 | $8,009,595.28 | $7,902,526.11 | $7,878,560.78 | ||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
1.04139% | 1.00799% | 0.98184% | 0.94844% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
684 | 670 | 649 | 620 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.69220% | 0.68633% | 0.66441% | 0.64996% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
632 | 613 | 600 | 583 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$7,956,218.95 | $8,038,790.66 | $7,927,600.55 | $7,897,043.26 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$12,588.95 | $13,113.85 | $13,212.67 | $13,545.53 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.42503% | 0.42951% | 0.42377% | 0.42248% | ||||||||||||||||
|
Repossessed in Current Period |
15 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
|
Receivables Pool Balance |
$1,864,834,545.38 | $629,936,961.97 | $595,806,494.48 | |||||||||||||
|
Number of Contracts |
68,850 | 39,595 | 38,570 | |||||||||||||
|
Weighted Average APR |
6.04% | 6.22% | 6.24% | |||||||||||||
|
Weighted Average Remaining Term (Months) |
54.17 | 31.98 | 31.13 | |||||||||||||
Page 2 of 5
Servicer's Certificate
for the Collection Period July 01, 2026 through July 31, 2026
for Payment Date of August 17, 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 |
33 |
Actual/360 Days |
33 |
Collections
|
Principal Payments Received |
$23,522,572.37 | |||
|
Prepayments in Full |
$10,232,166.28 | |||
|
Interest Payments Received |
$3,289,160.90 | |||
|
Aggregate Net Liquidation Proceeds |
$432,922.39 | |||
|
Interest on Repurchased Contracts |
$21.67 | |||
|
Total Collections |
$37,476,843.61 | |||
|
Principal of Repurchased Contracts |
$26,278.01 | |||
|
Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
|
Adjustment on Repurchased Contracts |
$0.00 | |||
|
Total Repurchased Amount |
$26,278.01 | |||
|
Total Available Collections |
$37,503,121.62 |
Distributions
|
Calculated Amount |
Amount Paid |
Shortfall |
||||||||
|
Servicing Fee |
$524,947.47 | $524,947.47 | $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 |
$1,860,409.25 | $1,860,409.25 | $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 |
$17,431,061.22 | $17,431,061.22 | $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 |
$2,444,422.41 | $2,444,422.41 | N/A | |||||||
Page 3 of 5
Servicer's Certificate
for the Collection Period July 01, 2026 through July 31, 2026
for Payment Date of August 17, 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 |
33 |
Actual/360 Days |
33 |
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 |
$1,860,409.25 | $3.02 | $32,306,061.24 | $52.44 | $34,166,470.49 | $55.46 | ||||||||||||||||||||||||||||
|
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 |
0.85% | 328 | 1.23% | $7,356,566.41 | ||||||||||||
|
60-89 Days Delinquent |
0.29% | 113 | 0.43% | $2,543,231.47 | ||||||||||||
|
90-119 Days Delinquent |
0.09% | 33 | 0.11% | $679,602.18 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.23% | 474 | 1.77% | $10,579,400.06 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.25% | 1.81% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.17% | 1.69% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
1.03% | 1.47% | ||||||||||||||
|
Receivables Pool Balance |
$595,806,494.48 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.54% | |||||||||||||||
|
Delinquency Trigger Percentage |
4.95% | |||||||||||||||
|
Has a Delinquency Trigger occurred in this Collection Period? No |
||||||||||||||||
|
Repossessed Vehicle Inventory* |
18 vehicles | |||||||||||||||
|
* Included with Delinquencies Above |
||||||||||||||||
Page 4 of 5
Servicer's Certificate
for the Collection Period July 01, 2026 through July 31, 2026
for Payment Date of August 17, 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/ Adam Stam |
||
| Name: | Adam Stam | |
| Title: | General Manager - Treasury | |
Page 5 of 5
Toyota Auto Receivables 2024-C Owner Trust published this content on August 27, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on August 27, 2026 at 14:58 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]