| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 440.0 | 21.7% | 72.2% | 3.91% fxd | 0.24 | 2027-10-15 | AAA | AAA |
| Class A-2a | 528.0 | 26.1% | 46.1% | 4.29% fxd | 1.08 | 2029-05-15 | AAA | AAA |
| Class A-2b | 131.0 | 6.5% | 39.6% | +31 bps SOFR | 1.08 | 2029-05-15 | AAA | AAA |
| Class A-3 | 659.0 | 32.6% | 7.0% | 4.51% fxd | 2.47 | 2031-03-17 | AAA | AAA |
| Class A-4 | 94.5 | 4.7% | 2.3% | 4.61% fxd | 3.77 | 2032-01-15 | AAA | AAA |
| Class B | 47.5 | 2.3% | 0.0% | — | — | 2033-02-15 | — | — |
| 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 | Barclays Capital, BMO Capital Markets, Lloyds Securities, TD Securities, MUFG Securities Americas |
| TAOT 2026-C | TAOT 2026-B | TAOT 2026-A | TAOT 2025-D | TAOT 2025-C | TAOT 2025-B | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-07-21 | 2026-04-21 | 2026-01-21 | 2025-10-23 | 2025-07-30 | 2025-04-30 |
| Pool balance | $2,023.1MM | $2,000.6MM | $1,995.4MM | $1,998.8MM | $2,001.9MM | $1,988.8MM |
| WA Credit Score | 771+1 | 770 | 771 | 771 | 770 | 769 |
| WA APR | 5.36%−0.35pp | 5.57% | 5.68% | 5.71% | 5.85% | 6.05% |
| WA original term mo | 66.0+0.2 | 66.0 mo | 65.9 mo | 65.8 mo | 65.7 mo | 65.7 mo |
| % new vehicles | 87.5% | 87.6% | 88.0% | 88.0% | 88.0% | 88.0% |
| Reserve % | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Geo top-3 | 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% | CA 20.9% TX 16.8% IL 4.0% |
| Structure (at issuance) | ||||||
| AAA spread | +31 bps−2bps | +38 bps | +33 bps | +32 bps | +30 bps | +54 bps |
| AAA % of pool | 91.6%+19.0pp | 72.6% | 73.6% | 73.4% | 71.0% | 71.7% |
| Subordination below AAA | 2.3%−0.0pp | 2.4% | 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 | 6.08% | 5.03% | 4.78% | 4.94% | 5.09% | 4.46% |
| 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-C | GMCAR 2026-3 | FCAOT 2026-B | HART 2026-B | NAROT 2026-A | MBART 2026-1 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-07-21 | 2026-07-15 | 2026-06-23 | 2026-06-17 | 2026-05-27 | 2026-05-20 |
| Pool balance | $2,023.1MM | $1,078.8MM | $1,655.3MM | $2,408.5MM | $1,394.8MM | — |
| WA Credit Score | 771−9 | 781 | 752 | 774 | 787 | 780 |
| WA APR | 5.36%+0.19pp | 5.93% | 5.07% | 5.17% | 4.44% | 6.37% |
| WA original term mo | 66.0−0.1 | 70.0 mo | 66.4 mo | 65.8 mo | — | 62.4 mo |
| % new vehicles | 87.5% | 80.8% | 92.6% | 99.8% | 10.9% | 48.1% |
| Reserve % | 0.25% | 0.25% | 0.24% | 0.25% | 0.25% | — |
| Geo top-3 | CA 24.2% TX 16.3% IL 3.9% | TX 14.4% FL 6.8% CA 6.7% | TX 17.3% CA 8.7% FL 8.5% | TX 13.0% FL 9.9% CA 8.5% | FL 6.8% CA 6.3% GA 3.7% | CA 20.4% FL 14.8% TX 14.0% |
| Structure (at issuance) | ||||||
| AAA spread | +31 bps−5bps | +30 bps | +14 bps | +36 bps | +43 bps | +36 bps |
| AAA % of pool | 91.6%+18.0pp | 73.5% | 90.6% | 67.0% | 69.5% | 73.6% |
| Subordination below AAA | 2.3%−0.7pp | 3.0% | 4.8% | 4.5% | 2.8% | 0.0% |
| OC (initial) | 0.85% | 2.75% | 2.00% | 3.00% | 1.00% | 2.50% |
| OC target | 0.85% | 2.75% | 2.00% | 3.00% | 1.00% | 2.50% |
| OC floor | 0.85% | 2.75% | 2.00% | 3.00% | 1.00% | 2.50% |
| YSOC | 6.08% | 3.18% | 4.61% | 6.86% | 8.14% | — |
| 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 (197 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.