| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Moody's |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 400.6 | 20.0% | 74.9% | 3.82% fxd | 0.22 | 2027-04-15 | A-1+ | P-1 |
| Class A-2a | 537.9 | 26.9% | 48.1% | 4.04% fxd | 1.04 | 2029-02-15 | AAA | Aaa |
| Class A-2b | 134.4 | 6.7% | 41.3% | +38 bps SOFR | 1.04 | 2029-02-15 | AAA | Aaa |
| Class A-3 | 672.3 | 33.6% | 7.7% | 4.13% fxd | 2.45 | 2030-12-16 | AAA | Aaa |
| Class A-4 | 107.3 | 5.4% | 2.4% | 4.20% fxd | 3.75 | 2031-08-15 | AAA | Aaa |
| Class B | 47.5 | 2.4% | 0.0% | — | — | 2032-10-15 | — | — |
| Sponsor | Toyota Motor Credit Corporation |
|---|---|
| Servicer | Toyota Motor Credit Corporation |
| 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 | Barclays Capital, BofA Securities, Academy Securities, U.S. Bancorp Investments, Mizuho Securities, SMBC Nikko Securities |
| TAOT 2026-B | TAOT 2026-A | TAOT 2025-D | TAOT 2025-C | TAOT 2025-B | TAOT 2025-A | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-04-21 | 2026-01-21 | 2025-10-23 | 2025-07-30 | 2025-04-30 | 2025-01-29 |
| Pool balance | $2,000.6MM | $1,995.4MM | $1,998.8MM | $2,001.9MM | $1,988.8MM | $1,977.2MM |
| WA Credit Score | 7700 | 771 | 771 | 770 | 769 | 769 |
| WA APR | 5.57%−0.28pp | 5.68% | 5.71% | 5.85% | 6.05% | 6.01% |
| WA original term mo | 66.0+0.3 | 65.9 mo | 65.8 mo | 65.7 mo | 65.7 mo | 65.7 mo |
| % new vehicles | 87.6% | 88.0% | 88.0% | 88.0% | 88.0% | 91.0% |
| Reserve % | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Geo top-3 | CA 24.1% TX 16.1% AZ 3.6% | 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% |
| Structure (at issuance) | ||||||
| AAA spread | +38 bps+5bps | +33 bps | +32 bps | +30 bps | +54 bps | +33 bps |
| AAA % of pool | 72.6%−0.0pp | 73.6% | 73.4% | 71.0% | 71.7% | — |
| 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 | 5.03% | 4.78% | 4.94% | 5.09% | 4.46% | 3.90% |
| 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-B | GMCAR 2026-2 | FCAOT 2026-A | WOART 2026-A | HAROT 2026-1 | HART 2026-A | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-04-21 | 2026-04-15 | 2026-03-24 | 2026-02-18 | 2026-02-18 | 2026-02-18 |
| Pool balance | $2,000.6MM | $1,335.0MM | $1,489.0MM | $1,312.6MM | $2,483.1MM | $2,392.4MM |
| WA Credit Score | 7700 | 777 | 754 | 758 | 770 | 775 |
| WA APR | 5.57%+0.19pp | 6.11% | 4.84% | 5.87% | 5.00% | 5.38% |
| WA original term mo | 66.0−1.2 | 70.0 mo | 65.8 mo | 68.4 mo | 61.6 mo | 67.2 mo |
| % new vehicles | 87.6% | 80.8% | 93.8% | 98.0% | 86.5% | 97.5% |
| Reserve % | 0.25% | 0.25% | 0.18% | 0.24% | 0.25% | 0.25% |
| Geo top-3 | CA 24.1% TX 16.1% AZ 3.6% | TX 14.2% FL 7.1% CA 6.7% | TX 16.5% FL 8.6% CA 8.5% | FL 44.5% GA 18.6% NC 16.2% | CA 16.0% TX 9.5% NY 6.7% | TX 13.2% FL 10.1% CA 9.1% |
| Structure (at issuance) | ||||||
| AAA spread | +38 bps+4bps | +40 bps | +43 bps | +31 bps | +34 bps | +34 bps |
| AAA % of pool | 72.6%+1.9pp | 75.7% | 70.7% | 69.7% | 73.1% | 69.0% |
| Subordination below AAA | 2.4%−1.9pp | 3.0% | 4.8% | 4.2% | 0.0% | 4.5% |
| OC (initial) | 0.85% | 2.75% | 2.00% | — | — | 3.00% |
| OC target | 0.85% | 2.75% | 2.00% | 0.90% | — | 3.00% |
| OC floor | 0.85% | 2.75% | 2.00% | 0.50% | — | 3.00% |
| YSOC | 5.03% | 2.19% | 4.56% | 5.47% | 4.09% | 5.70% |
| Tranches | 6 | 7 | 7 | 7 | 5 | 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 (193 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.