Toyota Auto Receivables 2023-D Owner Trust
05/27/2026 | Press release | Distributed by Public on 05/27/2026 08:36
Asset-Backed Issuer Distribution Report (Form 10-D)
Servicer's Certificate
for the Collection Period April 01, 2026 through April 30, 2026
for Payment Date of May 15, 2026
Toyota Auto Receivables 2023-D 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 | $310,000,000.00 | 11/15/24 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2a | $312,300,000.00 | 11/16/26 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2b | $312,300,000.00 | 11/16/26 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-3 | $554,400,000.00 | 8/15/28 | $340,740,754.91 | 0.6146118 | $0.00 | $14,089,246.21 | $13,600,024.69 | $313,051,484.01 | 0.5646672 | |||||||||||||||||||||||||||
| A-4 | $71,000,000.00 | 3/15/29 | $71,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $71,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $40,000,000.00 | 6/17/30 | $40,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $40,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| Total | $1,600,000,000.00 | $451,740,754.91 | $0.00 | $14,089,246.21 | $13,600,024.69 | $424,051,484.01 | 0.2650322 | |||||||||||||||||||||||||||||
| Class | Interest Rate |
Interest Distributable Amount |
Prior Interest Carryover |
Interest Distribution Amount |
Current Interest Carryover |
Total Principal & Interest Distribution |
||||||||||||||||||||
| A-1 | 5.60400% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2a | 5.80000% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2b | 4.18980% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-3 | 5.54000% | $1,573,086.49 | $0.00 | $1,573,086.49 | $0.00 | $29,262,357.39 | ||||||||||||||||||||
| A-4 | 5.49000% | $324,825.00 | $0.00 | $324,825.00 | $0.00 | $324,825.00 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
| Total | $1,897,911.49 | $0.00 | $1,897,911.49 | $0.00 | $29,587,182.39 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,000,007.26 |
Beginning Period Amount |
$24,876,317.18 | |||||||
|
Specified Reserve Account Amount |
$4,000,007.26 |
Increase/(Decrease) |
$(2,211,032.93 | ) | ||||||
|
Beginning Balance |
$4,000,007.26 |
Ending Period Amount |
$22,665,284.25 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$15,613,248.69 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,000,007.26 |
Adjusted Pool Balance |
$437,651,508.70 | |||||||
|
Reserve Account Required Amount |
$4,000,007.26 |
Total Note Balance |
$424,051,484.01 | |||||||
|
Reserve Account Release to Seller |
$0.00 |
Ending Overcollateralization Amount |
$13,600,024.69 | |||||||
|
Ending Reserve Account Balance |
$4,000,007.26 |
Overcollateralization Target Amount |
$13,600,024.69 | |||||||
Page 1 of 5
Servicer's Certificate
for the Collection Period April 01, 2026 through April 30, 2026
for Payment Date of May 15, 2026
Toyota Auto Receivables 2023-D 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 |
21 | 901 | 880 | 859 | 831 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$398,269.90 | $23,343,564.25 | $22,945,294.35 | $22,501,475.73 | $21,965,030.79 | |||||||||||||||
|
Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(82,659.37 | ) | $(82,659.37 | ) | $(82,659.37 | ) | $(82,659.37 | ) | |||||||||||
|
Net Liquidation Proceeds Received During the Collection Period |
$(38,596.98 | ) | $(3,613,973.60 | ) | $(3,575,376.62 | ) | $(3,509,637.10 | ) | $(3,442,439.00 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(288,208.57 | ) | $(10,091,519.74 | ) | $(9,803,311.17 | ) | $(9,498,068.14 | ) | $(9,274,101.41 | ) | ||||||||||
|
Net Credit Losses |
$71,464.35 | $9,555,411.54 | $9,483,947.19 | $9,411,111.12 | $9,165,831.01 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
1.37755% | 1.34544% | 1.31334% | 1.27053% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
867 | 841 | 818 | 794 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.92395% | 0.90038% | 0.87729% | 0.83906% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
790 | 776 | 760 | 738 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$9,592,504.07 | $9,518,577.55 | $9,444,732.99 | $9,195,426.55 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$12,142.41 | $12,266.21 | $12,427.28 | $12,459.93 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.53856% | 0.53454% | 0.53043% | 0.51661% | ||||||||||||||||
|
Repossessed in Current Period |
7 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
|
Receivables Pool Balance |
$1,774,239,151.48 | $490,217,096.78 | $460,316,792.95 | |||||||||||||
|
Number of Contracts |
65,406 | 36,427 | 35,357 | |||||||||||||
|
Weighted Average APR |
5.10% | 5.38% | 5.40% | |||||||||||||
|
Weighted Average Remaining Term (Months) |
54.72 | 28.07 | 27.26 | |||||||||||||
Page 2 of 5
Servicer's Certificate
for the Collection Period April 01, 2026 through April 30, 2026
for Payment Date of May 15, 2026
Toyota Auto Receivables 2023-D 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 |
$20,801,172.36 | |||
|
Prepayments in Full |
$8,700,861.57 | |||
|
Interest Payments Received |
$2,180,081.16 | |||
|
Aggregate Net Liquidation Proceeds |
$326,805.55 | |||
|
Interest on Repurchased Contracts |
$0.00 | |||
|
Total Collections |
$32,008,920.64 | |||
|
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 |
$32,008,920.64 |
Distributions
|
Calculated Amount |
Amount Paid |
Shortfall |
||||||||
|
Servicing Fee |
$408,514.25 | $408,514.25 | $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 |
$1,573,086.49 | $1,573,086.49 | $0.00 | |||||||
|
Interest - Class A-4 Notes |
$324,825.00 | $324,825.00 | $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 |
$14,089,246.21 | $14,089,246.21 | $0.00 | |||||||
|
Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||
|
Regular Principal Distribution Amount |
$13,600,024.69 | $13,600,024.69 | $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 |
$2,013,224.00 | $2,013,224.00 | N/A | |||||||
Page 3 of 5
Servicer's Certificate
for the Collection Period April 01, 2026 through April 30, 2026
for Payment Date of May 15, 2026
Toyota Auto Receivables 2023-D 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 |
$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 |
$1,573,086.49 | $2.84 | $27,689,270.90 | $49.94 | $29,262,357.39 | $52.78 | ||||||||||||||||||||||||||||
|
Class A-4 Notes |
$324,825.00 | $4.58 | $0.00 | $0.00 | $324,825.00 | $4.58 | ||||||||||||||||||||||||||||
|
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 |
0.93% | 330 | 1.44% | $6,614,205.41 | ||||||||||||
|
60-89 Days Delinquent |
0.34% | 119 | 0.54% | $2,465,299.63 | ||||||||||||
|
90-119 Days Delinquent |
0.07% | 25 | 0.09% | $398,988.76 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.34% | 474 | 2.07% | $9,478,493.80 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.20% | 1.82% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.22% | 1.82% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
1.36% | 2.03% | ||||||||||||||
|
Receivables Pool Balance |
$460,316,792.95 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.62% | |||||||||||||||
|
Delinquency Trigger Percentage |
4.65% | |||||||||||||||
|
Has a Delinquency Trigger occurred in this Collection Period? No |
||||||||||||||||
|
Repossessed Vehicle Inventory* |
10 vehicles | |||||||
|
* Included with Delinquencies Above |
||||||||
Page 4 of 5
Servicer's Certificate
for the Collection Period April 01, 2026 through April 30, 2026
for Payment Date of May 15, 2026
Toyota Auto Receivables 2023-D 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 2023-D Owner Trust published this content on May 27, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on May 27, 2026 at 14:36 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]