Toyota Auto Receivables 2024-C Owner Trust
02/25/2026 | Press release | Distributed by Public on 02/25/2026 09:58
Asset-Backed Issuer Distribution Report (Form 10-D)
Servicer's Certificate
for the Collection Period January 01, 2026 through January 31, 2026
for Payment Date of February 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 | $34,202,584.87 | 0.0955379 | $0.00 | $13,456,051.09 | $8,644,886.37 | $12,101,647.41 | 0.0338035 | |||||||||||||||||||||||||||
| A-2b | $258,000,000.00 | 5/17/27 | $24,648,790.22 | 0.0955379 | $0.00 | $9,697,377.60 | $6,230,113.65 | $8,721,298.97 | 0.0338035 | |||||||||||||||||||||||||||
| 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 | $809,851,375.09 | $0.00 | $23,153,428.69 | $14,875,000.02 | $771,822,946.38 | 0.4410417 | |||||||||||||||||||||||||||||
| 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% | $147,071.11 | $0.00 | $147,071.11 | $0.00 | $22,248,008.57 | ||||||||||||||||||||
| A-2b | 4.07735% | $92,126.60 | $0.00 | $92,126.60 | $0.00 | $16,019,617.85 | ||||||||||||||||||||
| 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 | $3,111,545.63 | $0.00 | $3,111,545.63 | $0.00 | $41,139,974.34 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,375,000.00 |
Beginning Period Amount |
$36,301,494.65 | |||||||
|
Specified Reserve Account Amount |
$4,375,000.00 |
Increase/(Decrease) |
$(2,589,194.66 | ) | ||||||
|
Beginning Balance |
$4,375,000.00 |
Ending Period Amount |
$33,712,299.99 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$17,725,225.33 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,375,000.00 |
Adjusted Pool Balance |
$786,697,946.40 | |||||||
|
Reserve Account Required Amount |
$4,375,000.00 |
Total Note Balance |
$771,822,946.38 | |||||||
|
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 January 01, 2026 through January 31, 2026
for Payment Date of February 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 |
28 | 565 | 537 | 500 | 471 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$703,790.51 | $15,964,728.23 | $15,260,937.72 | $14,348,204.06 | $13,619,086.09 | |||||||||||||||
|
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 |
$(34,956.99 | ) | $(2,989,660.46 | ) | $(2,954,703.47 | ) | $(2,855,454.40 | ) | $(2,751,803.77 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(288,621.94 | ) | $(5,601,785.73 | ) | $(5,313,163.79 | ) | $(4,797,934.30 | ) | $(4,516,759.23 | ) | ||||||||||
|
Net Credit Losses |
$380,211.58 | $7,337,121.29 | $6,956,909.71 | $6,658,654.61 | $6,314,362.34 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.82062% | 0.77996% | 0.72622% | 0.68410% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
536 | 505 | 469 | 431 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.57198% | 0.53224% | 0.49994% | 0.46532% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
514 | 488 | 455 | 430 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$7,351,096.96 | $6,970,291.39 | $6,671,922.44 | $6,326,487.32 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$14,301.75 | $14,283.38 | $14,663.57 | $14,712.76 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.39345% | 0.37306% | 0.35706% | 0.33860% | ||||||||||||||||
|
Repossessed in Current Period |
22 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
|
Receivables Pool Balance |
$1,864,834,545.38 | $861,027,869.76 | $820,410,246.39 | |||||||||||||
|
Number of Contracts |
68,850 | 45,843 | 44,833 | |||||||||||||
|
Weighted Average APR |
6.04% | 6.14% | 6.15% | |||||||||||||
|
Weighted Average Remaining Term (Months) |
54.17 | 37.12 | 36.25 | |||||||||||||
Page 2 of 5
Servicer's Certificate
for the Collection Period January 01, 2026 through January 31, 2026
for Payment Date of February 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 |
$26,315,229.77 | |||
|
Prepayments in Full |
$13,598,603.09 | |||
|
Interest Payments Received |
$4,470,311.08 | |||
|
Aggregate Net Liquidation Proceeds |
$323,578.93 | |||
|
Interest on Repurchased Contracts |
$0.00 | |||
|
Total Collections |
$44,707,722.87 | |||
|
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 |
$44,707,722.87 |
Distributions
|
Calculated Amount |
Amount Paid |
Shortfall |
||||||||
|
Servicing Fee |
$717,523.22 | $717,523.22 | $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 |
$147,071.11 | $147,071.11 | $0.00 | |||||||
|
Interest - Class A-2b Notes |
$92,126.60 | $92,126.60 | $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 |
$23,153,428.69 | $23,153,428.69 | $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 |
$2,850,225.31 | $2,850,225.31 | N/A | |||||||
Page 3 of 5
Servicer's Certificate
for the Collection Period January 01, 2026 through January 31, 2026
for Payment Date of February 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 |
$147,071.11 | $0.41 | $22,100,937.46 | $61.73 | $22,248,008.57 | $62.14 | ||||||||||||||||||||||||||||
|
Class A-2b Notes |
$92,126.60 | $0.36 | $15,927,491.25 | $61.73 | $16,019,617.85 | $62.09 | ||||||||||||||||||||||||||||
|
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 |
0.80% | 360 | 1.08% | $8,880,250.27 | ||||||||||||
|
60-89 Days Delinquent |
0.26% | 116 | 0.33% | $2,679,157.00 | ||||||||||||
|
90-119 Days Delinquent |
0.07% | 32 | 0.09% | $777,883.92 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.13% | 508 | 1.50% | $12,337,291.19 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.19% | 1.63% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.12% | 1.48% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
1.01% | 1.31% | ||||||||||||||
|
Receivables Pool Balance |
$820,410,246.39 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.42% | |||||||||||||||
|
Delinquency Trigger Percentage |
4.95% | |||||||||||||||
|
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 January 01, 2026 through January 31, 2026
for Payment Date of February 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/ Stephen Bishop |
||
| Name: | Stephen Bishop | |
| Title: | General Manager - Treasury | |
Page 5 of 5
Toyota Auto Receivables 2024-C Owner Trust published this content on February 25, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on February 25, 2026 at 15:59 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]