Toyota Auto Receivables 2024-C Owner Trust
03/27/2026 | Press release | Distributed by Public on 03/27/2026 08:59
Asset-Backed Issuer Distribution Report (Form 10-D)
Servicer's Certificate
for the Collection Period February 01, 2026 through February 28, 2026
for Payment Date of March 16, 2026
Toyota Auto Receivables 2024-C Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
28 |
30/360 Days |
30 | |||||
|
Interest Accrual Period |
27 |
Actual/360 Days |
27 |
| 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 | $12,101,647.41 | 0.0338035 | $0.00 | $12,039,961.07 | $61,686.34 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2b | $258,000,000.00 | 5/17/27 | $8,721,298.97 | 0.0338035 | $0.00 | $8,676,843.45 | $44,455.52 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-3 | $616,000,000.00 | 3/15/29 | $616,000,000.00 | 1.0000000 | $0.00 | $0.00 | $14,768,858.16 | $601,231,141.84 | 0.9760246 | |||||||||||||||||||||||||||
| 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 | $771,822,946.38 | $0.00 | $20,716,804.52 | $14,875,000.02 | $736,231,141.84 | 0.4207035 | |||||||||||||||||||||||||||||
| 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% | $52,037.08 | $0.00 | $52,037.08 | $0.00 | $12,153,684.49 | ||||||||||||||||||||
| A-2b | 4.02819% | $26,348.29 | $0.00 | $26,348.29 | $0.00 | $8,747,647.26 | ||||||||||||||||||||
| A-3 | 4.88000% | $2,505,066.67 | $0.00 | $2,505,066.67 | $0.00 | $17,273,924.83 | ||||||||||||||||||||
| 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 | $2,950,733.29 | $0.00 | $2,950,733.29 | $0.00 | $38,542,537.83 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,375,000.00 |
Beginning Period Amount |
$33,712,299.99 | |||||||
|
Specified Reserve Account Amount |
$4,375,000.00 |
Increase/(Decrease) |
$(2,394,269.48 | ) | ||||||
|
Beginning Balance |
$4,375,000.00 |
Ending Period Amount |
$31,318,030.51 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$17,522,188.61 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,375,000.00 |
Adjusted Pool Balance |
$751,106,141.86 | |||||||
|
Reserve Account Required Amount |
$4,375,000.00 |
Total Note Balance |
$736,231,141.84 | |||||||
|
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 February 01, 2026 through February 28, 2026
for Payment Date of March 16, 2026
Toyota Auto Receivables 2024-C Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
28 |
30/360 Days |
30 | |||||
|
Interest Accrual Period |
27 |
Actual/360 Days |
27 |
Liquidations of Charge-offs and Repossessions
| Cumulative | ||||||||||||||||||||
| Current Period Only | Current Period | Prior Period | Two Periods Prior | Three Periods Prior | ||||||||||||||||
|
Number of Liquidated Receivables |
30 | 595 | 565 | 537 | 500 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$708,641.61 | $16,673,369.84 | $15,964,728.23 | $15,260,937.72 | $14,348,204.06 | |||||||||||||||
|
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 |
$(116,391.38 | ) | $(3,106,051.84 | ) | $(2,989,660.46 | ) | $(2,954,703.47 | ) | $(2,855,454.40 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(431,094.65 | ) | $(6,032,880.38 | ) | $(5,601,785.73 | ) | $(5,313,163.79 | ) | $(4,797,934.30 | ) | ||||||||||
|
Net Credit Losses |
$161,155.58 | $7,498,276.87 | $7,337,121.29 | $6,956,909.71 | $6,658,654.61 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.86420% | 0.82062% | 0.77996% | 0.72622% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
569 | 536 | 505 | 469 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.59560% | 0.57198% | 0.53224% | 0.49994% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
537 | 514 | 488 | 455 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$7,513,953.41 | $7,351,096.96 | $6,970,291.39 | $6,671,922.44 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$13,992.46 | $14,301.75 | $14,283.38 | $14,663.57 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.40209% | 0.39345% | 0.37306% | 0.35706% | ||||||||||||||||
|
Repossessed in Current Period |
5 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
|
Receivables Pool Balance |
$1,864,834,545.38 | $820,410,246.39 | $782,424,172.37 | |||||||||||||
|
Number of Contracts |
68,850 | 44,833 | 43,865 | |||||||||||||
|
Weighted Average APR |
6.04% | 6.15% | 6.17% | |||||||||||||
|
Weighted Average Remaining Term (Months) |
54.17 | 36.25 | 35.38 | |||||||||||||
Page 2 of 5
Servicer's Certificate
for the Collection Period February 01, 2026 through February 28, 2026
for Payment Date of March 16, 2026
Toyota Auto Receivables 2024-C Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
28 |
30/360 Days |
30 | |||||
|
Interest Accrual Period |
27 |
Actual/360 Days |
27 |
Collections
|
Principal Payments Received |
$24,930,804.45 | |||
|
Prepayments in Full |
$12,346,627.96 | |||
|
Interest Payments Received |
$4,048,483.19 | |||
|
Aggregate Net Liquidation Proceeds |
$547,486.03 | |||
|
Interest on Repurchased Contracts |
$0.00 | |||
|
Total Collections |
$41,873,401.63 | |||
|
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 |
$41,873,401.63 |
Distributions
|
Calculated Amount |
Amount Paid |
Shortfall |
||||||||
|
Servicing Fee |
$683,675.21 | $683,675.21 | $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 |
$52,037.08 | $52,037.08 | $0.00 | |||||||
|
Interest - Class A-2b Notes |
$26,348.29 | $26,348.29 | $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 |
$20,716,804.52 | $20,716,804.52 | $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 |
$2,647,188.59 | $2,647,188.59 | N/A | |||||||
Page 3 of 5
Servicer's Certificate
for the Collection Period February 01, 2026 through February 28, 2026
for Payment Date of March 16, 2026
Toyota Auto Receivables 2024-C Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
28 |
30/360 Days |
30 | |||||
|
Interest Accrual Period |
27 |
Actual/360 Days |
27 |
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 |
$52,037.08 | $0.15 | $12,101,647.41 | $33.80 | $12,153,684.49 | $33.95 | ||||||||||||||||||||||||||||
|
Class A-2b Notes |
$26,348.29 | $0.10 | $8,721,298.97 | $33.80 | $8,747,647.26 | $33.90 | ||||||||||||||||||||||||||||
|
Class A-3 Notes |
$2,505,066.67 | $4.07 | $14,768,858.16 | $23.98 | $17,273,924.83 | $28.05 | ||||||||||||||||||||||||||||
|
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 |
0.73% | 320 | 1.07% | $8,360,056.11 | ||||||||||||
|
60-89 Days Delinquent |
0.25% | 110 | 0.32% | $2,529,299.55 | ||||||||||||
|
90-119 Days Delinquent |
0.09% | 40 | 0.11% | $896,140.17 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.07% | 470 | 1.50% | $11,785,495.83 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.13% | 1.50% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.19% | 1.63% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
1.12% | 1.48% | ||||||||||||||
|
Receivables Pool Balance |
$782,424,172.37 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.44% | |||||||||||||||
|
Delinquency Trigger Percentage |
4.95% | |||||||||||||||
|
Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
|
Repossessed Vehicle Inventory* |
13 vehicles | |||||||||||||||
|
* Included with Delinquencies Above |
||||||||||||||||
Page 4 of 5
Servicer's Certificate
for the Collection Period February 01, 2026 through February 28, 2026
for Payment Date of March 16, 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 March 27, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 27, 2026 at 14:59 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]