Toyota Auto Receivables 2024-A Owner Trust
04/28/2026 | Press release | Distributed by Public on 04/28/2026 08:57
Asset-Backed Issuer Distribution Report (Form 10-D)
Servicer's Certificate
for the Collection Period March 01, 2026 through March 31, 2026
for Payment Date of April 15, 2026
Toyota Auto Receivables 2024-A Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
31 |
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 |
Ending Principal Factor |
|||||||||||||||||||||||||||
| A-1 | $345,000,000.00 | 1/15/25 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2a | $157,500,000.00 | 12/15/26 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2b | $472,500,000.00 | 12/15/26 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-3 | $630,000,000.00 | 10/16/28 | $427,696,258.44 | 0.6788829 | $0.00 | $19,433,591.56 | $14,875,000.06 | $393,387,666.82 | 0.6244249 | |||||||||||||||||||||||||||
| A-4 | $101,250,000.00 | 4/16/29 | $101,250,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $101,250,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $43,750,000.00 | 8/15/30 | $43,750,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $43,750,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| Total | $1,750,000,000.00 | $572,696,258.44 | $0.00 | $19,433,591.56 | $14,875,000.06 | $538,387,666.82 | 0.3076501 | |||||||||||||||||||||||||||||
| Class | Interest Rate |
Interest Distributable Amount |
Prior Interest Carryover |
Interest Distribution Amount |
Current Interest Carryover |
Total Principal & Interest Distribution |
||||||||||||||||||||
| A-1 | 5.51900% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2a | 5.13000% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2b | 4.02223% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-3 | 4.83000% | $1,721,477.44 | $0.00 | $1,721,477.44 | $0.00 | $36,030,069.06 | ||||||||||||||||||||
| A-4 | 4.77000% | $402,468.75 | $0.00 | $402,468.75 | $0.00 | $402,468.75 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
| Total | $2,123,946.19 | $0.00 | $2,123,946.19 | $0.00 | $36,432,537.81 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,375,000.02 |
Beginning Period Amount |
$28,826,270.02 | |||||||
|
Specified Reserve Account Amount |
$4,375,000.02 |
Increase/(Decrease) |
$(2,463,418.98 | ) | ||||||
|
Beginning Balance |
$4,375,000.02 |
Ending Period Amount |
$26,362,851.04 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$17,575,488.74 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,375,000.02 |
Adjusted Pool Balance |
$553,262,666.88 | |||||||
|
Reserve Account Required Amount |
$4,375,000.02 |
Total Note Balance |
$538,387,666.82 | |||||||
|
Reserve Account Release to Seller |
$0.00 |
Ending Overcollateralization Amount |
$14,875,000.06 | |||||||
|
Ending Reserve Account Balance |
$4,375,000.02 |
Overcollateralization Target Amount |
$14,875,000.06 | |||||||
Page 1 of 5
Servicer's Certificate
for the Collection Period March 01, 2026 through March 31, 2026
for Payment Date of April 15, 2026
Toyota Auto Receivables 2024-A Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
31 |
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 |
22 | 918 | 896 | 865 | 820 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$477,275.25 | $23,146,566.80 | $22,669,291.55 | $22,091,887.34 | $21,180,431.91 | |||||||||||||||
|
Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(13,698.02 | ) | $(13,698.02 | ) | $(13,698.02 | ) | $(13,698.02 | ) | |||||||||||
|
Net Liquidation Proceeds Received During the Collection Period |
$(73,600.12 | ) | $(3,218,860.80 | ) | $(3,145,260.68 | ) | $(3,074,493.76 | ) | $(3,005,974.46 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(422,822.61 | ) | $(10,209,602.08 | ) | $(9,786,779.47 | ) | $(9,497,821.88 | ) | $(9,044,290.82 | ) | ||||||||||
|
Net Credit Losses |
$(19,147.48 | ) | $9,704,405.90 | $9,723,553.38 | $9,505,873.68 | $9,116,468.61 | ||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
1.27987% | 1.24920% | 1.20598% | 1.14324% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
882 | 856 | 828 | 788 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.83670% | 0.82310% | 0.79014% | 0.74408% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
796 | 784 | 756 | 719 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$9,743,962.50 | $9,759,702.37 | $9,540,619.98 | $9,149,258.86 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$12,241.16 | $12,448.60 | $12,619.87 | $12,724.98 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.50849% | 0.50950% | 0.49809% | 0.47768% | ||||||||||||||||
|
Repossessed in Current Period |
13 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
|
Receivables Pool Balance |
$1,908,468,799.65 | $616,397,528.52 | $579,625,517.92 | |||||||||||||
|
Number of Contracts |
71,726 | 41,111 | 39,897 | |||||||||||||
|
Weighted Average APR |
5.37% | 5.60% | 5.62% | |||||||||||||
|
Weighted Average Remaining Term (Months) |
54.51 | 30.74 | 29.93 | |||||||||||||
Page 2 of 5
Servicer's Certificate
for the Collection Period March 01, 2026 through March 31, 2026
for Payment Date of April 15, 2026
Toyota Auto Receivables 2024-A Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
31 |
30/360 Days |
30 | |||||
|
Interest Accrual Period |
30 |
Actual/360 Days |
30 |
Collections
|
Principal Payments Received |
$25,244,487.48 | |||
|
Prepayments in Full |
$11,050,247.87 | |||
|
Interest Payments Received |
$2,855,533.02 | |||
|
Aggregate Net Liquidation Proceeds |
$496,422.73 | |||
|
Interest on Repurchased Contracts |
$0.00 | |||
|
Total Collections |
$39,646,691.10 | |||
|
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 |
$39,646,691.10 |
Distributions
|
Calculated Amount |
Amount Paid |
Shortfall |
||||||||
|
Servicing Fee |
$513,664.61 | $513,664.61 | $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 |
$1,721,477.44 | $1,721,477.44 | $0.00 | |||||||
|
Interest - Class A-4 Notes |
$402,468.75 | $402,468.75 | $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 |
$19,433,591.56 | $19,433,591.56 | $0.00 | |||||||
|
Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||
|
Regular Principal Distribution Amount |
$14,875,000.06 | $14,875,000.06 | $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 |
$2,700,488.68 | $2,700,488.68 | N/A | |||||||
Page 3 of 5
Servicer's Certificate
for the Collection Period March 01, 2026 through March 31, 2026
for Payment Date of April 15, 2026
Toyota Auto Receivables 2024-A Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
31 |
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 |
$1,721,477.44 | $2.73 | $34,308,591.62 | $54.46 | $36,030,069.06 | $57.19 | ||||||||||||||||||||||||||||
|
Class A-4 Notes |
$402,468.75 | $3.98 | $0.00 | $0.00 | $402,468.75 | $3.98 | ||||||||||||||||||||||||||||
|
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% | 379 | 1.37% | $7,940,753.85 | ||||||||||||
|
60-89 Days Delinquent |
0.27% | 109 | 0.44% | $2,557,215.91 | ||||||||||||
|
90-119 Days Delinquent |
0.06% | 23 | 0.10% | $559,938.30 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.28% | 511 | 1.91% | $11,057,908.06 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.33% | 2.06% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.39% | 2.06% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
1.43% | 2.03% | ||||||||||||||
|
Receivables Pool Balance |
$579,625,517.92 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.54% | |||||||||||||||
|
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 March 01, 2026 through March 31, 2026
for Payment Date of April 15, 2026
Toyota Auto Receivables 2024-A 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-A Owner Trust published this content on April 28, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 28, 2026 at 14:58 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]