Toyota Auto Receivables 2023-D Owner Trust
04/28/2026 | Press release | Distributed by Public on 04/28/2026 08:36
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 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 |
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 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 | $370,827,705.83 | 0.6688811 | $0.00 | $16,486,926.23 | $13,600,024.69 | $340,740,754.91 | 0.6146118 | |||||||||||||||||||||||||||
| 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 | $481,827,705.83 | $0.00 | $16,486,926.23 | $13,600,024.69 | $451,740,754.91 | 0.2823380 | |||||||||||||||||||||||||||||
| 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 | 4.22223% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-3 | 5.54000% | $1,711,987.91 | $0.00 | $1,711,987.91 | $0.00 | $31,798,938.83 | ||||||||||||||||||||
| 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 | $2,036,812.91 | $0.00 | $2,036,812.91 | $0.00 | $32,123,763.83 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,000,007.26 |
Beginning Period Amount |
$27,305,773.74 | |||||||
|
Specified Reserve Account Amount |
$4,000,007.26 |
Increase/(Decrease) |
$(2,429,456.56 | ) | ||||||
|
Beginning Balance |
$4,000,007.26 |
Ending Period Amount |
$24,876,317.18 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$15,803,090.63 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,000,007.26 |
Adjusted Pool Balance |
$465,340,779.60 | |||||||
|
Reserve Account Required Amount |
$4,000,007.26 |
Total Note Balance |
$451,740,754.91 | |||||||
|
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 March 01, 2026 through March 31, 2026
for Payment Date of April 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 |
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 |
21 | 880 | 859 | 831 | 808 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$443,818.62 | $22,945,294.35 | $22,501,475.73 | $21,965,030.79 | $21,443,619.99 | |||||||||||||||
|
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 |
$(65,739.52 | ) | $(3,575,376.62 | ) | $(3,509,637.10 | ) | $(3,442,439.00 | ) | $(3,422,906.26 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(305,243.03 | ) | $(9,803,311.17 | ) | $(9,498,068.14 | ) | $(9,274,101.41 | ) | $(8,980,877.62 | ) | ||||||||||
|
Net Credit Losses |
$72,836.07 | $9,483,947.19 | $9,411,111.12 | $9,165,831.01 | $8,957,176.74 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
1.34544% | 1.31334% | 1.27053% | 1.23536% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
841 | 818 | 794 | 768 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.90038% | 0.87729% | 0.83906% | 0.80522% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
776 | 760 | 738 | 717 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$9,518,577.55 | $9,444,732.99 | $9,195,426.55 | $8,985,506.28 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$12,266.21 | $12,427.28 | $12,459.93 | $12,532.09 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.53454% | 0.53043% | 0.51661% | 0.50485% | ||||||||||||||||
|
Repossessed in Current Period |
6 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
|
Receivables Pool Balance |
$1,774,239,151.48 | $522,733,504.26 | $490,217,096.78 | |||||||||||||
|
Number of Contracts |
65,406 | 37,532 | 36,427 | |||||||||||||
|
Weighted Average APR |
5.10% | 5.36% | 5.38% | |||||||||||||
|
Weighted Average Remaining Term (Months) |
54.72 | 28.87 | 28.07 | |||||||||||||
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 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 |
30 |
Actual/360 Days |
30 |
Collections
|
Principal Payments Received |
$22,794,925.46 | |||
|
Prepayments in Full |
$9,251,532.50 | |||
|
Interest Payments Received |
$2,318,742.03 | |||
|
Aggregate Net Liquidation Proceeds |
$370,982.55 | |||
|
Interest on Repurchased Contracts |
$127.58 | |||
|
Total Collections |
$34,736,310.12 | |||
|
Principal of Repurchased Contracts |
$26,130.90 | |||
|
Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
|
Adjustment on Repurchased Contracts |
$0.00 | |||
|
Total Repurchased Amount |
$26,130.90 | |||
|
Total Available Collections |
$34,762,441.02 |
Distributions
|
Calculated Amount |
Amount Paid |
Shortfall |
||||||||
|
Servicing Fee |
$435,611.25 | $435,611.25 | $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 |
$1,711,987.91 | $1,711,987.91 | $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 |
$16,486,926.23 | $16,486,926.23 | $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 |
$2,203,065.94 | $2,203,065.94 | 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 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 |
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 |
$1,711,987.91 | $3.09 | $30,086,950.92 | $54.27 | $31,798,938.83 | $57.36 | ||||||||||||||||||||||||||||
|
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 |
0.87% | 316 | 1.31% | $6,415,844.21 | ||||||||||||
|
60-89 Days Delinquent |
0.26% | 94 | 0.39% | $1,910,869.50 | ||||||||||||
|
90-119 Days Delinquent |
0.07% | 25 | 0.12% | $590,246.72 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.20% | 435 | 1.82% | $8,916,960.43 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.22% | 1.82% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.36% | 2.03% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
1.36% | 2.05% | ||||||||||||||
|
Receivables Pool Balance |
$490,217,096.78 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.51% | |||||||||||||||
|
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 March 01, 2026 through March 31, 2026
for Payment Date of April 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 April 28, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 28, 2026 at 14:36 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]