| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Moody's |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 383.0 | 19.2% | 76.0% | 3.78% fxd | 0.21 | 2027-01-15 | A-1+ | P-1 |
| Class A-2a | 470.0 | 23.6% | 52.5% | 3.80% fxd | 1.01 | 2028-12-15 | AAA | Aaa |
| Class A-2b | 202.8 | 10.2% | 42.3% | +33 bps SOFR | 1.01 | 2028-12-15 | AAA | Aaa |
| Class A-3 | 672.8 | 33.7% | 8.6% | 3.86% fxd | 2.40 | 2030-09-16 | AAA | Aaa |
| Class A-4 | 123.9 | 6.2% | 2.4% | 3.97% fxd | 3.71 | 2031-07-15 | AAA | Aaa |
| Class B | 47.5 | 2.4% | 0.0% | — | — | 2032-08-16 | — | — |
| Sponsor | Toyota Motor Credit Corporation |
|---|---|
| Servicer | Underwriting of Motor Vehicle Retail Installment Sales Contracts |
| Depositor / Transferor | Toyota Auto Finance Receivables LLC |
| Indenture Trustee | U.S. Bank National Association |
| Owner Trustee | Wilmington Trust, National Association |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | BNP Paribas Securities, Credit Agricole Securities, Lloyds Securities, MUFG Securities Americas |
| TAOT 2026-A | TAOT 2025-D | TAOT 2025-C | TAOT 2025-B | TAOT 2025-A | TAOT 2024-D | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-01-21 | 2025-10-23 | 2025-07-30 | 2025-04-30 | 2025-01-29 | 2024-10-17 |
| Pool balance | $1,995.4MM | $1,998.8MM | $2,001.9MM | $1,988.8MM | $1,977.2MM | $1,841.9MM |
| WA Credit Score | 771+1 | 771 | 770 | 769 | 769 | 770 |
| WA APR | 5.68%−0.28pp | 5.71% | 5.85% | 6.05% | 6.01% | 5.96% |
| WA original term mo | 65.9+0.2 | 65.8 mo | 65.7 mo | 65.7 mo | 65.7 mo | 65.4 mo |
| % new vehicles | 88.0% | 88.0% | 88.0% | 88.0% | 91.0% | 90.0% |
| Reserve % | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Geo top-3 | CA 23.8% TX 16.7% IL 3.8% | CA 22.9% TX 15.8% IL 3.9% | CA 21.9% TX 15.8% IL 3.9% | CA 20.9% TX 16.8% IL 4.0% | CA 19.7% TX 16.6% PA 4.2% | TX 17.3% CA 15.6% PA 4.5% |
| Structure (at issuance) | ||||||
| AAA spread | +33 bps0bps | +32 bps | +30 bps | +54 bps | +33 bps | +39 bps |
| AAA % of pool | 73.6%+1.0pp | 73.4% | 71.0% | 71.7% | — | 73.7% |
| Subordination below AAA | 2.4%+0.0pp | 2.4% | 2.4% | 2.4% | — | 2.4% |
| 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 | 4.78% | 4.94% | 5.09% | 4.46% | 3.90% | 4.99% |
| 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 2026-A | GMCAR 2026-1 | FCAOT 2025-C | VALET 2025-2 | NAROT 2025-B | HART 2025-D | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-01-21 | 2026-01-14 | 2025-11-25 | 2025-11-25 | 2025-11-25 | 2025-11-12 |
| Pool balance | $1,995.4MM | $1,317.6MM | $1,096.6MM | $1,141.3MM | $1,381.3MM | $2,171.9MM |
| WA Credit Score | 771−6 | 779 | 752 | 777 | 795 | 773 |
| WA APR | 5.68%+0.53pp | 5.97% | 5.15% | 5.02% | 4.61% | 5.37% |
| WA original term mo | 65.9−2.0 | 70.0 mo | 65.9 mo | — | — | 67.9 mo |
| % new vehicles | 88.0% | 80.8% | 93.7% | 78.4% | 10.0% | 99.9% |
| Reserve % | 0.25% | 0.25% | 0.24% | 0.23% | 0.25% | 0.25% |
| Geo top-3 | CA 23.8% TX 16.7% IL 3.8% | TX 14.6% FL 7.1% CA 6.3% | TX 16.6% CA 8.8% FL 8.4% | TX 14.2% CA 11.5% FL 7.3% | TX 17.5% FL 7.4% CA 6.5% | TX 13.1% FL 10.2% CA 8.0% |
| Structure (at issuance) | ||||||
| AAA spread | +33 bps−4bps | +32 bps | +36 bps | +37 bps | +38 bps | +38 bps |
| AAA % of pool | 73.6%+4.3pp | 75.6% | 69.3% | 69.6% | 68.8% | 68.3% |
| Subordination below AAA | 2.4%−0.6pp | 3.0% | 4.8% | 0.0% | 1.5% | 4.5% |
| OC (initial) | 0.85% | 2.75% | 2.00% | 4.00% | 2.35% | 3.00% |
| OC target | 0.85% | 2.75% | 2.00% | 4.75% | 2.35% | 3.00% |
| OC floor | 0.85% | 2.75% | 2.00% | 4.75% | 2.35% | 3.00% |
| YSOC | 4.78% | 2.44% | 4.01% | 8.73% | 7.33% | 5.68% |
| Tranches | 6 | 7 | 7 | 5 | 6 | 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 (187 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.