| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 300.6 | 21.4% | 71.3% | — | — | 2027-10-15 | A-1+ | F1+ |
| Class A-2a | 451.4 | 32.2% | 39.1% | — | — | 2029-09-17 | AAA | AAA |
| Class A-2b | — | — | — | — | — | 2029-09-17 | AAA | AAA |
| Class A-3 | 450.9 | 32.2% | 6.9% | — | — | 2031-06-16 | AAA | AAA |
| Class A-4 | 64.7 | 4.6% | 2.3% | — | — | 2032-02-17 | AAA | AAA |
| Class B | 32.5 | 2.3% | 0.0% | — | — | 2033-05-16 | — | — |
| 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 | TD Securities, Credit Agricole Securities, Citigroup Global Markets, SMBC Nikko Securities, MUFG Securities Americas |
| TAOT 2026-D | TAOT 2026-C | TAOT 2026-B | TAOT 2026-A | TAOT 2025-D | TAOT 2025-C | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-10-15 | 2026-07-21 | 2026-04-21 | 2026-01-21 | 2025-10-23 | 2025-07-30 |
| Pool balance | $1,402.0MM | $2,023.1MM | $2,000.6MM | $1,995.4MM | $1,998.8MM | $2,001.9MM |
| WA Credit Score | 772+1 | 771 | 770 | 771 | 771 | 770 |
| WA APR | 5.09%−0.59pp | 5.36% | 5.57% | 5.68% | 5.71% | 5.85% |
| WA original term mo | 65.7−0.2 | 66.0 mo | 66.0 mo | 65.9 mo | 65.8 mo | 65.7 mo |
| % new vehicles | 87.4% | 87.5% | 87.6% | 88.0% | 88.0% | 88.0% |
| Reserve % | — | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Geo top-3 | CA 24.2% TX 16.0% IL 3.7% | CA 24.2% TX 16.3% IL 3.9% | 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% |
| Structure (at issuance) | ||||||
| AAA spread | — | +31 bps | +38 bps | +33 bps | +32 bps | +30 bps |
| AAA % of pool | — | 91.6% | 72.6% | 73.6% | 73.4% | 71.0% |
| Subordination below AAA | — | 2.3% | 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 | 7.27% | 6.08% | 5.03% | 4.78% | 4.94% | 5.09% |
| 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-D | NAROT 2026-B | FCAOT 2026-C | HART 2026-C | WOART 2026-C | BMWOT 2026-A | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-10-15 | 2026-09-30 | 2026-09-28 | 2026-09-23 | 2026-08-26 | 2026-08-19 |
| Pool balance | $1,402.0MM | $1,440.0MM | $1,663.6MM | $2,306.5MM | $1,084.4MM | $1,895.5MM |
| WA Credit Score | 772−2 | 784 | 753 | 774 | 758 | 784 |
| WA APR | 5.09%+0.60pp | 4.03% | 5.13% | 4.49% | 5.74% | 3.35% |
| WA original term mo | 65.7−0.5 | — | 66.5 mo | 65.9 mo | 69.0 mo | 65.1 mo |
| % new vehicles | 87.4% | 4.5% | 92.9% | 99.9% | 98.5% | 70.5% |
| Reserve % | — | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Geo top-3 | CA 24.2% TX 16.0% IL 3.7% | FL 7.5% CA 6.4% GA 4.0% | TX 17.7% FL 8.9% CA 8.6% | TX 13.0% FL 9.6% CA 8.6% | FL 46.2% GA 18.6% NC 15.4% | CA 15.9% TX 13.2% FL 10.9% |
| Structure (at issuance) | ||||||
| AAA spread | — | +33 bps | +33 bps | +37 bps | +31 bps | +30 bps |
| AAA % of pool | — | 67.4% | 69.0% | 64.9% | 70.0% | 72.0% |
| Subordination below AAA | — | 2.7% | 4.7% | 4.4% | 4.2% | 0.0% |
| OC (initial) | 0.85% | 1.00% | 2.00% | 3.00% | 0.00% | 2.50% |
| OC target | 0.85% | 1.00% | 2.00% | 3.00% | 0.90% | 2.50% |
| OC floor | 0.85% | 1.00% | 2.00% | 3.00% | 0.50% | 2.50% |
| YSOC | 7.27% | 9.81% | 5.09% | 8.12% | 6.76% | 5.31% |
| Tranches | 6 | 7 | 7 | 7 | 7 | 5 |
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 (204 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.