| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Moody's |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 349.0 | 18.9% | 76.1% | 4.79% fxd | 0.21 | 2025-10-15 | A-1+ | P-1 |
| Class A-2a | 265.0 | 14.4% | 61.7% | 4.55% fxd | 1.03 | 2027-08-16 | AAA | Aaa |
| Class A-2b | 397.5 | 21.6% | 40.1% | +39 bps SOFR | 1.03 | 2027-08-16 | AAA | Aaa |
| Class A-3 | 597.5 | 32.4% | 7.7% | 4.40% fxd | 2.46 | 2029-06-15 | AAA | Aaa |
| Class A-4 | 97.2 | 5.3% | 2.4% | 4.43% fxd | 3.76 | 2030-04-15 | AAA | Aaa |
| Class B | 43.8 | 2.4% | 0.0% | — | — | 2031-04-15 | — | — |
| Sponsor | Toyota Motor Credit Corporation |
|---|---|
| Servicer | Toyota Motor Credit Corporation |
| Depositor / Transferor | Toyota Auto Finance Receivables LLC |
| Indenture Trustee | Citibank, N.A |
| Owner Trustee | Wilmington Trust, National Association |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | Barclays Capital, RBC Capital Markets, Mizuho Securities, MUFG Securities Americas, Scotia Capital |
| TAOT 2024-D | TAOT 2024-C | TAOT 2024-B | TAOT 2024-A | TAOT 2023-D | TAOT 2023-C | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-10-17 | 2024-07-30 | 2024-04-30 | 2024-01-30 | 2023-11-14 | 2023-08-15 |
| Pool balance | $1,841.9MM | $1,864.8MM | $1,876.3MM | $1,908.5MM | $1,774.2MM | $1,781.7MM |
| WA Credit Score | 770+3 | 769 | 767 | 767 | 767 | 766 |
| WA APR | 5.96%+0.59pp | 6.04% | 5.70% | 5.37% | 5.10% | 4.64% |
| WA original term mo | 65.4+0.0 | 65.4 mo | 66.0 mo | 66.0 mo | 65.0 mo | 65.0 mo |
| % new vehicles | 90.0% | 87.0% | 86.7% | 84.2% | 82.6% | 81.3% |
| Reserve % | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Geo top-3 | TX 17.3% CA 15.6% PA 4.5% | CA 16.3% TX 16.2% PA 4.6% | CA 23.9% TX 15.3% IL 4.6% | CA 23.9% TX 15.3% IL 4.6% | CA 21.3% TX 15.3% PA 4.1% | CA 24.4% TX 15.1% IL 4.4% |
| Structure (at issuance) | ||||||
| AAA spread | +39 bps+2bps | +37 bps | +35 bps | +37 bps | +55 bps | +40 bps |
| AAA % of pool | 73.7%+2.7pp | 71.0% | 71.0% | 71.3% | 70.5% | — |
| Subordination below AAA | 2.4%+0.1pp | 2.3% | 2.3% | 1.8% | 2.3% | — |
| OC (initial) | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
| OC target | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
| OC floor | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
| YSOC | 4.99% | 6.16% | 6.73% | 6.40% | 9.82% | 7.65% |
| Tranches | 6 | 6 | 6 | 6 | 6 | 6 |
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
| TAOT 2024-D | GMCAR 2024-4 | HART 2024-C | FCAOT 2024-C | HAROT 2024-3 | WOART 2024-C | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-10-17 | 2024-10-16 | 2024-10-16 | 2024-09-20 | 2024-08-21 | 2024-08-20 |
| Pool balance | $1,841.9MM | $1,346.6MM | $1,859.5MM | $1,688.8MM | $2,159.2MM | $1,312.6MM |
| WA Credit Score | 770+2 | 782 | 769 | 756 | 768 | 756 |
| WA APR | 5.96%+0.13pp | 5.83% | 5.97% | 4.74% | 4.72% | 6.67% |
| WA original term mo | 65.4−2.6 | 69.0 mo | 68.0 mo | 64.8 mo | 61.3 mo | 68.1 mo |
| % new vehicles | 90.0% | 87.7% | 96.7% | 93.9% | 85.3% | 96.2% |
| Reserve % | 0.25% | 0.24% | 0.25% | 0.23% | 0.25% | 0.23% |
| Geo top-3 | TX 17.3% CA 15.6% PA 4.5% | TX 15.3% FL 7.2% MI 5.3% | TX 12.7% FL 10.6% CA 8.9% | TX 16.1% FL 8.6% CA 8.4% | CA 16.2% TX 9.7% NY 6.7% | — |
| Structure (at issuance) | ||||||
| AAA spread | +39 bps−1bps | +40 bps | +40 bps | +40 bps | +48 bps | — |
| AAA % of pool | 73.7%+3.9pp | 72.8% | 69.8% | 69.3% | 72.4% | 35.4% |
| Subordination below AAA | 2.4%−1.8pp | 1.6% | 4.6% | 4.7% | 0.0% | 4.2% |
| OC (initial) | 0.85% | 1.50% | 3.00% | 2.00% | 2.50% | — |
| OC target | 0.85% | 2.00% | 3.00% | 2.00% | — | 0.90% |
| OC floor | 0.85% | 2.00% | 3.00% | 2.00% | — | 0.50% |
| YSOC | 4.99% | 3.04% | 4.98% | 6.50% | — | 7.77% |
| Tranches | 6 | 6 | 7 | 7 | 4 | 7 |
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
Left: per-series cumulative NET loss at matched seasoning 10-D (10-D servicer distribution reports). IQR band uses a fixed cohort of all peer series with ≥18 months of data (158 series across 9 issuers). Right: portfolio-level 60+ DQ rate aggregated across all active deals per issuer (calendar time, last 3 years), from ABS-EE loan-level data ABS-EE.
Toyota Motor Credit Corporation — ticker TAOT.
Peer tier: prime.
Open in Explorer ↗ for
FICO sub-band and new/used stratification.