Toyota Auto Receivables 2023-D Owner Trust
01/28/2026 | Press release | Distributed by Public on 01/28/2026 10:00
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 2023-D 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 | $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 | $458,038,363.97 | 0.8261875 | $0.00 | $17,331,837.27 | $13,600,024.69 | $427,106,502.01 | 0.7703941 | |||||||||||||||||||||||||||
| 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 | $569,038,363.97 | $0.00 | $17,331,837.27 | $13,600,024.69 | $538,106,502.01 | 0.3363166 | |||||||||||||||||||||||||||||
| 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 | 4.53385% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-3 | 5.54000% | $2,114,610.45 | $0.00 | $2,114,610.45 | $0.00 | $33,046,472.41 | ||||||||||||||||||||
| 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 | $2,439,435.45 | $0.00 | $2,439,435.45 | $0.00 | $33,371,297.41 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,000,007.26 |
Beginning Period Amount |
$35,166,590.56 | |||||||
|
Specified Reserve Account Amount |
$4,000,007.26 |
Increase/(Decrease) |
$(2,846,097.22 | ) | ||||||
|
Beginning Balance |
$4,000,007.26 |
Ending Period Amount |
$32,320,493.34 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$15,907,141.41 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,000,007.26 |
Adjusted Pool Balance |
$551,706,526.70 | |||||||
|
Reserve Account Required Amount |
$4,000,007.26 |
Total Note Balance |
$538,106,502.01 | |||||||
|
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 December 01, 2025 through December 31, 2025
for Payment Date of January 15, 2026
Toyota Auto Receivables 2023-D 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 |
32 | 808 | 776 | 751 | 725 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$722,246.24 | $21,443,619.99 | $20,721,373.75 | $20,193,446.55 | $19,525,811.82 | |||||||||||||||
|
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 |
$(128,077.35 | ) | $(3,422,906.26 | ) | $(3,294,828.91 | ) | $(3,245,299.10 | ) | $(3,151,813.86 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(243,558.99 | ) | $(8,980,877.62 | ) | $(8,737,318.63 | ) | $(8,456,874.47 | ) | $(8,011,136.65 | ) | ||||||||||
|
Net Credit Losses |
$350,609.90 | $8,957,176.74 | $8,606,566.84 | $8,408,613.61 | $8,280,201.94 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
1.23536% | 1.18644% | 1.14821% | 1.10846% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
768 | 748 | 723 | 696 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.80522% | 0.75982% | 0.72909% | 0.70510% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
717 | 687 | 665 | 643 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$8,985,506.28 | $8,633,986.91 | $8,435,354.96 | $8,304,747.43 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$12,532.09 | $12,567.67 | $12,684.74 | $12,915.63 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.50485% | 0.48508% | 0.47393% | 0.46669% | ||||||||||||||||
|
Repossessed in Current Period |
12 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
|
Receivables Pool Balance |
$1,774,239,151.48 | $617,804,979.22 | $584,027,020.04 | |||||||||||||
|
Number of Contracts |
65,406 | 40,415 | 39,428 | |||||||||||||
|
Weighted Average APR |
5.10% | 5.30% | 5.32% | |||||||||||||
|
Weighted Average Remaining Term (Months) |
54.72 | 31.37 | 30.53 | |||||||||||||
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 2023-D 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 |
$23,302,774.84 | |||
|
Prepayments in Full |
$9,731,380.82 | |||
|
Interest Payments Received |
$2,765,784.18 | |||
|
Aggregate Net Liquidation Proceeds |
$371,636.34 | |||
|
Interest on Repurchased Contracts |
$118.15 | |||
|
Total Collections |
$36,171,694.33 | |||
|
Principal of Repurchased Contracts |
$21,557.28 | |||
|
Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
|
Adjustment on Repurchased Contracts |
$0.00 | |||
|
Total Repurchased Amount |
$21,557.28 | |||
|
Total Available Collections |
$36,193,251.61 |
Distributions
|
Calculated Amount |
Amount Paid |
Shortfall |
||||||||
|
Servicing Fee |
$514,837.48 | $514,837.48 | $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 |
$2,114,610.45 | $2,114,610.45 | $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 |
$17,331,837.27 | $17,331,837.27 | $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 |
$2,307,116.72 | $2,307,116.72 | 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 2023-D 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 |
$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 |
$2,114,610.45 | $3.81 | $30,931,861.96 | $55.79 | $33,046,472.41 | $59.60 | ||||||||||||||||||||||||||||
|
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 |
0.95% | 373 | 1.42% | $8,268,520.68 | ||||||||||||
|
60-89 Days Delinquent |
0.32% | 126 | 0.49% | $2,834,722.18 | ||||||||||||
|
90-119 Days Delinquent |
0.09% | 35 | 0.14% | $818,313.96 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.36% | 534 | 2.05% | $11,921,556.82 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.29% | 1.91% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.24% | 1.85% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
1.26% | 1.84% | ||||||||||||||
|
Receivables Pool Balance |
$584,027,020.04 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.63% | |||||||||||||||
|
Delinquency Trigger Percentage |
4.65% | |||||||||||||||
|
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 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 January 28, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on January 28, 2026 at 16:00 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]