Toyota Auto Receivables 2024-C 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-C 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 | $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 | $58,160,755.10 | 0.1624602 | $0.00 | $15,313,283.85 | $8,644,886.38 | $34,202,584.87 | 0.0955379 | |||||||||||||||||||||||||||
| A-2b | $258,000,000.00 | 5/17/27 | $41,914,734.13 | 0.1624602 | $0.00 | $11,035,830.27 | $6,230,113.64 | $24,648,790.22 | 0.0955379 | |||||||||||||||||||||||||||
| 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 | $851,075,489.23 | $0.00 | $26,349,114.12 | $14,875,000.02 | $809,851,375.09 | 0.4627722 | |||||||||||||||||||||||||||||
| 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% | $250,091.25 | $0.00 | $250,091.25 | $0.00 | $24,208,261.48 | ||||||||||||||||||||
| A-2b | 4.35385% | $157,144.57 | $0.00 | $157,144.57 | $0.00 | $17,423,088.48 | ||||||||||||||||||||
| 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 | $3,279,583.74 | $0.00 | $3,279,583.74 | $0.00 | $44,503,697.88 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,375,000.00 |
Beginning Period Amount |
$39,100,213.89 | |||||||
|
Specified Reserve Account Amount |
$4,375,000.00 |
Increase/(Decrease) |
$(2,798,719.24 | ) | ||||||
|
Beginning Balance |
$4,375,000.00 |
Ending Period Amount |
$36,301,494.65 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$18,050,861.25 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,375,000.00 |
Adjusted Pool Balance |
$824,726,375.11 | |||||||
|
Reserve Account Required Amount |
$4,375,000.00 |
Total Note Balance |
$809,851,375.09 | |||||||
|
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 December 01, 2025 through December 31, 2025
for Payment Date of January 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 |
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 |
37 | 537 | 500 | 471 | 429 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$912,733.66 | $15,260,937.72 | $14,348,204.06 | $13,619,086.09 | $12,665,388.23 | |||||||||||||||
|
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 |
$(99,249.07 | ) | $(2,954,703.47 | ) | $(2,855,454.40 | ) | $(2,751,803.77 | ) | $(2,621,395.83 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(515,229.49 | ) | $(5,313,163.79 | ) | $(4,797,934.30 | ) | $(4,516,759.23 | ) | $(4,091,753.32 | ) | ||||||||||
|
Net Credit Losses |
$298,255.10 | $6,956,909.71 | $6,658,654.61 | $6,314,362.34 | $5,916,078.33 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.77996% | 0.72622% | 0.68410% | 0.62309% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
505 | 469 | 431 | 399 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.53224% | 0.49994% | 0.46532% | 0.42784% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
488 | 455 | 430 | 391 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$6,970,291.39 | $6,671,922.44 | $6,326,487.32 | $5,927,585.72 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$14,283.38 | $14,663.57 | $14,712.76 | $15,160.07 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.37306% | 0.35706% | 0.33860% | 0.31724% | ||||||||||||||||
|
Repossessed in Current Period |
11 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
|
Receivables Pool Balance |
$1,864,834,545.38 | $905,050,703.14 | $861,027,869.76 | |||||||||||||
|
Number of Contracts |
68,850 | 46,928 | 45,843 | |||||||||||||
|
Weighted Average APR |
6.04% | 6.13% | 6.14% | |||||||||||||
|
Weighted Average Remaining Term (Months) |
54.17 | 38.00 | 37.12 | |||||||||||||
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-C 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 |
$27,802,439.76 | |||
|
Prepayments in Full |
$15,284,675.63 | |||
|
Interest Payments Received |
$4,708,695.31 | |||
|
Aggregate Net Liquidation Proceeds |
$614,478.56 | |||
|
Interest on Repurchased Contracts |
$494.44 | |||
|
Total Collections |
$48,410,783.70 | |||
|
Principal of Repurchased Contracts |
$22,984.33 | |||
|
Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
|
Adjustment on Repurchased Contracts |
$0.00 | |||
|
Total Repurchased Amount |
$22,984.33 | |||
|
Total Available Collections |
$48,433,768.03 |
Distributions
|
Calculated Amount |
Amount Paid |
Shortfall |
||||||||
|
Servicing Fee |
$754,208.92 | $754,208.92 | $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 |
$250,091.25 | $250,091.25 | $0.00 | |||||||
|
Interest - Class A-2b Notes |
$157,144.57 | $157,144.57 | $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 |
$26,349,114.12 | $26,349,114.12 | $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 |
$3,175,861.23 | $3,175,861.23 | 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-C 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 |
$250,091.25 | $0.70 | $23,958,170.23 | $66.92 | $24,208,261.48 | $67.62 | ||||||||||||||||||||||||||||
|
Class A-2b Notes |
$157,144.57 | $0.61 | $17,265,943.91 | $66.92 | $17,423,088.48 | $67.53 | ||||||||||||||||||||||||||||
|
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 |
0.90% | 414 | 1.24% | $10,714,051.72 | ||||||||||||
|
60-89 Days Delinquent |
0.20% | 92 | 0.27% | $2,329,720.13 | ||||||||||||
|
90-119 Days Delinquent |
0.09% | 39 | 0.12% | $1,030,521.86 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.19% | 545 | 1.63% | $14,074,293.71 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.12% | 1.48% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.01% | 1.31% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
1.04% | 1.36% | ||||||||||||||
|
Receivables Pool Balance |
$861,027,869.76 | |||||||||||||||
|
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 December 01, 2025 through December 31, 2025
for Payment Date of January 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 January 28, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on January 28, 2026 at 16:20 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]