Toyota Auto Receivables 2023-C Owner Trust
08/27/2026 | Press release | Distributed by Public on 08/27/2026 08:45
Asset-Backed Issuer Distribution Report (Form 10-D)
Servicer's Certificate
for the Collection Period July 01, 2026 through July 31, 2026
for Payment Date of August 17, 2026
Toyota Auto Receivables 2023-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 | $305,000,000.00 | 8/15/24 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2a | $405,026,000.00 | 8/17/26 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2b | $189,474,000.00 | 8/17/26 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-3 | $527,500,000.00 | 4/17/28 | $149,044,290.72 | 0.2825484 | $0.00 | $9,092,608.93 | $13,600,053.41 | $126,351,628.38 | 0.2395292 | |||||||||||||||||||||||||||
| A-4 | $133,000,000.00 | 2/15/29 | $133,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $133,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $40,000,000.00 | 3/15/30 | $40,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $40,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| Total | $1,600,000,000.00 | $322,044,290.72 | $0.00 | $9,092,608.93 | $13,600,053.41 | $299,351,628.38 | 0.1870948 | |||||||||||||||||||||||||||||
| 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 | 5.60000% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2b | 4.02539% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-3 | 5.16000% | $640,890.45 | $0.00 | $640,890.45 | $0.00 | $23,333,552.79 | ||||||||||||||||||||
| A-4 | 5.01000% | $555,275.00 | $0.00 | $555,275.00 | $0.00 | $555,275.00 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
| Total | $1,196,165.45 | $0.00 | $1,196,165.45 | $0.00 | $23,888,827.79 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,000,015.71 |
Beginning Period Amount |
$15,543,021.50 | |||||||
|
Specified Reserve Account Amount |
$4,000,015.71 |
Increase/(Decrease) |
$(1,560,080.57 | ) | ||||||
|
Beginning Balance |
$4,000,015.71 |
Ending Period Amount |
$13,982,940.93 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$14,965,437.50 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,000,015.71 |
Adjusted Pool Balance |
$312,951,681.79 | |||||||
|
Reserve Account Required Amount |
$4,000,015.71 |
Total Note Balance |
$299,351,628.38 | |||||||
|
Reserve Account Release to Seller |
$0.00 |
Ending Overcollateralization Amount |
$13,600,053.41 | |||||||
|
Ending Reserve Account Balance |
$4,000,015.71 |
Overcollateralization Target Amount |
$13,600,053.41 | |||||||
Page 1 of 5
Servicer's Certificate
for the Collection Period July 01, 2026 through July 31, 2026
for Payment Date of August 17, 2026
Toyota Auto Receivables 2023-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 |
20 | 1,048 | 1,028 | 1,003 | 984 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$400,497.02 | $26,055,934.09 | $25,655,437.07 | $25,200,569.02 | $24,920,076.77 | |||||||||||||||
|
Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(106,587.98 | ) | $(106,587.98 | ) | $(106,587.98 | ) | $(106,587.98 | ) | |||||||||||
|
Net Liquidation Proceeds Received During the Collection Period |
$(24,638.53 | ) | $(2,935,364.84 | ) | $(2,910,726.31 | ) | $(2,848,436.95 | ) | $(2,819,380.73 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(200,079.95 | ) | $(12,276,591.60 | ) | $(12,076,511.65 | ) | $(11,811,105.63 | ) | $(11,532,647.93 | ) | ||||||||||
|
Net Credit Losses |
$175,778.54 | $10,737,389.67 | $10,561,611.13 | $10,434,438.46 | $10,461,460.13 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
1.59426% | 1.56383% | 1.52580% | 1.49690% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
1,006 | 988 | 970 | 947 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
1.13404% | 1.09555% | 1.06305% | 1.04684% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
917 | 905 | 888 | 875 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$10,789,512.97 | $10,610,744.20 | $10,481,545.74 | $10,506,452.19 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$11,766.10 | $11,724.58 | $11,803.54 | $12,007.37 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.60266% | 0.59279% | 0.58565% | 0.58717% | ||||||||||||||||
|
Repossessed in Current Period |
6 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
|
Receivables Pool Balance |
$1,781,678,265.26 | $351,187,365.63 | $326,934,622.72 | |||||||||||||
|
Number of Contracts |
65,736 | 31,619 | 30,476 | |||||||||||||
|
Weighted Average APR |
4.64% | 5.02% | 5.05% | |||||||||||||
|
Weighted Average Remaining Term (Months) |
55.40 | 23.76 | 22.99 | |||||||||||||
Page 2 of 5
Servicer's Certificate
for the Collection Period July 01, 2026 through July 31, 2026
for Payment Date of August 17, 2026
Toyota Auto Receivables 2023-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 |
$18,105,206.30 | |||
|
Prepayments in Full |
$5,747,039.59 | |||
|
Interest Payments Received |
$1,482,903.65 | |||
|
Aggregate Net Liquidation Proceeds |
$224,718.48 | |||
|
Interest on Repurchased Contracts |
$0.00 | |||
|
Total Collections |
$25,559,868.02 | |||
|
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 |
$25,559,868.02 |
Distributions
|
Calculated Amount |
Amount Paid |
Shortfall |
||||||||
|
Servicing Fee |
$292,656.14 | $292,656.14 | $0.00 | |||||||
|
Trustee and Other Fees/Expenses (capped at $300,000.00 per calendar year) |
||||||||||
|
Indenture Trustee |
$5,000.00 |
$5,000.00 |
$0.00 |
|||||||
|
Owner Trustee |
$3,000.00 |
$3,000.00 |
$0.00 |
|||||||
|
Asset Representations Reviewer |
$5,000.00 |
$5,000.00 |
$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 |
$640,890.45 | $640,890.45 | $0.00 | |||||||
|
Interest - Class A-4 Notes |
$555,275.00 | $555,275.00 | $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 |
$9,092,608.93 | $9,092,608.93 | $0.00 | |||||||
|
Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||
|
Regular Principal Distribution Amount |
$13,600,053.41 | $13,600,053.41 | $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 |
$1,365,384.09 | $1,365,384.09 | N/A | |||||||
Page 3 of 5
Servicer's Certificate
for the Collection Period July 01, 2026 through July 31, 2026
for Payment Date of August 17, 2026
Toyota Auto Receivables 2023-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 |
$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 |
$640,890.45 | $1.21 | $22,692,662.34 | $43.02 | $23,333,552.79 | $44.23 | ||||||||||||||||||||||||||||
|
Class A-4 Notes |
$555,275.00 | $4.18 | $0.00 | $0.00 | $555,275.00 | $4.18 | ||||||||||||||||||||||||||||
|
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 |
1.11% | 338 | 1.75% | $5,730,450.22 | ||||||||||||
|
60-89 Days Delinquent |
0.38% | 115 | 0.65% | $2,111,727.27 | ||||||||||||
|
90-119 Days Delinquent |
0.11% | 33 | 0.15% | $506,354.54 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.60% | 486 | 2.55% | $8,348,532.03 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.49% | 2.42% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.48% | 2.33% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
1.34% | 2.10% | ||||||||||||||
|
Receivables Pool Balance |
$326,934,622.72 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.80% | |||||||||||||||
|
Delinquency Trigger Percentage |
4.65% | |||||||||||||||
|
Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
|
Repossessed Vehicle Inventory* |
8 vehicles | |||||||||||||||
|
* Included with Delinquencies Above |
||||||||||||||||
Page 4 of 5
Servicer's Certificate
for the Collection Period July 01, 2026 through July 31, 2026
for Payment Date of August 17, 2026
Toyota Auto Receivables 2023-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/ Adam Stam |
||
| Name: | Adam Stam | |
| Title: | General Manager - Treasury | |
Page 5 of 5
Toyota Auto Receivables 2023-C Owner Trust published this content on August 27, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on August 27, 2026 at 14:45 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]