Exhibit 99.1
Servicer’s Certificate
for the Collection Period August 01, 2022 through August 31, 2022
for Payment Date of September 15, 2022
Toyota Auto Receivables 2019-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
31 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
31 | Actual/360 Days |
31 |
| Class | Initial Principal Balance |
Final Scheduled Payment Date |
Beginning Principal Balance |
Beginning Principal Factor |
First Priority Principal Distribution Amount |
Second Priority Principal Distribution Amount |
Regular Principal Distribution Amount |
Ending Principal Balance |
Ending Principal Factor |
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| A-1 | $435,000,000.00 | 1/15/21 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2 | $623,700,000.00 | 7/15/22 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-3 | $514,500,000.00 | 1/16/24 | $126,151,750.99 | 0.2451929 | $0.00 | $8,772,412.75 | $14,875,012.33 | $102,504,325.91 | 0.1992310 | |||||||||||||||||||||||||||
| A-4 | $133,000,000.00 | 2/18/25 | $133,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $133,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $43,800,000.00 | 6/15/26 | $43,800,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $43,800,000.00 | 1.0000000 | |||||||||||||||||||||||||||
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| Total | $1,750,000,000.00 | $302,951,750.99 | $0.00 | $8,772,412.75 | $14,875,012.33 | $279,304,325.91 | 0.1596025 | |||||||||||||||||||||||||||||
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| Class | Interest Rate | Interest Distributable Amount |
Prior Interest Carryover |
Interest Distribution Amount |
Current Interest Carryover |
Total Principal & |
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| A-1 | 1.85350% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2 | 1.92000% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-3 | 1.92000% | $201,842.80 | $0.00 | $201,842.80 | $0.00 | $23,849,267.88 | ||||||||||||||||||||
| A-4 | 1.99000% | $220,558.33 | $0.00 | $220,558.33 | $0.00 | $220,558.33 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
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| Total | $422,401.13 | $0.00 | $422,401.13 | $0.00 | $24,069,826.21 | |||||||||||||||||||||
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Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
| Initial Deposit Amount |
$4,375,003.63 | Beginning Period Amount |
$9,239,338.29 | |||||||
| Specified Reserve Account Amount |
$4,375,003.63 | Increase/(Decrease) |
$(1,018,798.70) | |||||||
| Beginning Balance |
$4,375,003.63 | Ending Period Amount |
$8,220,539.59 | |||||||
| Withdrawals |
$0.00 | |||||||||
| Amount Available for Deposit |
$16,020,063.12 | Overcollateralization | ||||||||
| Amount Deposited to the Reserve Account |
$0.00 | Adjusted Pool Balance |
$294,179,338.24 | |||||||
| Reserve Account Balance Prior to Release |
$4,375,003.63 | Total Note Balance |
$279,304,325.91 | |||||||
| Reserve Account Required Amount |
$4,375,003.63 | Ending Overcollateralization Amount |
$14,875,012.33 | |||||||
| Reserve Account Release to Seller |
$0.00 | Overcollateralization Target Amount |
$14,875,012.33 | |||||||
| Ending Reserve Account Balance |
$4,375,003.63 | |||||||||
Page 1 of 5
Servicer’s Certificate
for the Collection Period August 01, 2022 through August 31, 2022
for Payment Date of September 15, 2022
Toyota Auto Receivables 2019-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
31 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
31 | Actual/360 Days |
31 |
Liquidations of Charge-offs and Repossessions
| Cumulative | ||||||||||||||||||||
| Current Period Only | Current Period | Prior Period | Two Periods Prior | Three Periods Prior | ||||||||||||||||
| Number of Liquidated Receivables |
15 | 774 | 759 | 741 | 732 | |||||||||||||||
| Gross Principal of Liquidated Receivables |
$233,709.51 | $13,304,469.76 | $13,070,760.25 | $12,871,147.81 | $12,728,602.03 | |||||||||||||||
| Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(107,814.95) | $(107,814.95) | $(107,814.95) | $(107,814.95) | |||||||||||||||
| Net Liquidation Proceeds Received During the Collection Period |
$(24,159.19) | $(2,646,303.27) | $(2,622,144.08) | $(2,603,475.67) | $(2,605,109.57) | |||||||||||||||
| Recoveries on Previously Liquidated Contracts |
$(101,280.14) | $(6,091,738.00) | $(5,990,457.86) | $(5,781,835.84) | $(5,644,690.76) | |||||||||||||||
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| Net Credit Losses |
$108,270.18 | $4,458,613.54 | $4,350,343.36 | $4,378,021.35 | $4,370,986.75 | |||||||||||||||
| Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.78027% | 0.76514% | 0.74700% | 0.73793% | ||||||||||||||||
| Number of Accounts with Liquidation Proceeds or Recoveries |
741 | 728 | 715 | 704 | ||||||||||||||||
| Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.46916% | 0.44876% | 0.44273% | 0.43328% | ||||||||||||||||
| Number of Assets Experiencing a Net Loss |
590 | 582 | 572 | 570 | ||||||||||||||||
| Net Credit Losses for Assets Experiencing a Loss |
$4,506,679.45 | $4,395,380.00 | $4,420,648.64 | $4,412,654.81 | ||||||||||||||||
| Average Net Loss on all assets that have Experienced a Net Loss |
$7,638.44 | $7,552.20 | $7,728.41 | $7,741.50 | ||||||||||||||||
| Cumulative Net Loss Ratio |
0.23806% | 0.23228% | 0.23376% | 0.23339% | ||||||||||||||||
| Repossessed in Current Period |
2 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
| Receivables Pool Balance |
$1,872,859,970.50 | $327,066,101.61 | $302,399,877.83 | |||||||||||||
| Number of Contracts |
99,197 | 40,571 | 38,985 | |||||||||||||
| Weighted Average APR |
2.98% | 3.24% | 3.26% | |||||||||||||
| Weighted Average Remaining Term (Months) |
49.72 | 21.72 | 20.97 | |||||||||||||
| Extensions Granted for the Applicable Month |
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| Two Months Prior | Prior Month | Current Month | ||||||||||||||
| Number of Contracts Granted Payment Extensions |
77 | 81 | 90 | |||||||||||||
| Number of Contracts Granted Extensions as % of Outstanding Contracts as of Beginning of Month |
0.18% | 0.19% | 0.22% | |||||||||||||
Page 2 of 5
Servicer’s Certificate
for the Collection Period August 01, 2022 through August 31, 2022
for Payment Date of September 15, 2022
Toyota Auto Receivables 2019-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
31 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
31 | Actual/360 Days |
31 |
Collections
| Principal Payments Received |
$18,906,426.71 | |||
| Prepayments in Full |
$5,525,845.08 | |||
| Interest Payments Received |
$929,476.77 | |||
| Aggregate Net Liquidation Proceeds |
$125,439.33 | |||
| Interest on Repurchased Contracts |
$1.71 | |||
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| Total Collections |
$25,487,189.60 | |||
| Principal of Repurchased Contracts |
$242.48 | |||
| Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
| Adjustment on Repurchased Contracts |
$0.00 | |||
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| Total Repurchased Amount |
$242.48 | |||
| Total Available Collections |
$25,487,432.08 | |||
Distributions
| Calculated Amount | Amount Paid | Shortfall | ||||||||||||||
| Servicing Fee |
$272,555.08 | $272,555.08 | $0.00 | |||||||||||||
| Trustee and Other Fees/Expenses (capped at $300,000.00 per calendar year) |
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| Indenture Trustee |
$0.00 | $0.00 | $0.00 | |||||||||||||
| Owner Trustee |
$0.00 | $0.00 | $0.00 | |||||||||||||
| Asset Representations Reviewer |
$0.00 | $0.00 | $0.00 | |||||||||||||
| Interest - Class A-1 Notes |
$0.00 | $0.00 | $0.00 | |||||||||||||
| Interest - Class A-2 Notes |
$0.00 | $0.00 | $0.00 | |||||||||||||
| Interest - Class A-3 Notes |
$201,842.80 | $201,842.80 | $0.00 | |||||||||||||
| Interest - Class A-4 Notes |
$220,558.33 | $220,558.33 | $0.00 | |||||||||||||
| First Priority Principal Distribution Amount |
$0.00 | $0.00 | $0.00 | |||||||||||||
| Interest - Class B Notes |
$0.00 | $0.00 | $0.00 | |||||||||||||
| Second Priority Principal Distribution Amount |
$8,772,412.75 | $8,772,412.75 | $0.00 | |||||||||||||
| Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||||||||
| Regular Principal Distribution Amount |
$14,875,012.33 | $14,875,012.33 | $0.00 | |||||||||||||
| Additional Trustee and Other Fees/Expenses |
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| Indenture Trustee |
$0.00 | $0.00 | $0.00 | |||||||||||||
| Owner Trustee |
$0.00 | $0.00 | $0.00 | |||||||||||||
| Asset Representations Reviewer |
$0.00 | $0.00 | $0.00 | |||||||||||||
| Excess Amounts to the Certificateholder |
$1,145,050.79 | $1,145,050.79 | N/A | |||||||||||||
Page 3 of 5
Servicer’s Certificate
for the Collection Period August 01, 2022 through August 31, 2022
for Payment Date of September 15, 2022
Toyota Auto Receivables 2019-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
31 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
31 | Actual/360 Days |
31 |
Noteholder Distributions
| Interest Distributed |
Per $1000 of Original Balance |
Principal Distributed |
Per $1000 of Original Balance |
Amount Distributed |
Per $1000 of Original Balance |
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| Class A-1 Notes |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||||||||||
| Class A-2 Notes |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||||||||||
| Class A-3 Notes |
$201,842.80 | $0.39 | $23,647,425.08 | $45.96 | $23,849,267.88 | $46.35 | ||||||||||||||||||||||||||||
| Class A-4 Notes |
$220,558.33 | $1.66 | $0.00 | $0.00 | $220,558.33 | $1.66 | ||||||||||||||||||||||||||||
| Class B Notes |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||||||||||
Delinquent and Repossessed Contracts
| Percentage of Current Month Number of Contracts |
Units | Percentage of Current Month Receivables Pool Balance |
Balance | |||||||||||||
| 30-59 Days Delinquent |
0.84% | 328 | 1.22% | $3,679,586.78 | ||||||||||||
| 60-89 Days Delinquent |
0.18% | 72 | 0.30% | $894,018.51 | ||||||||||||
| 90-119 Days Delinquent |
0.04% | 17 | 0.05% | $156,114.54 | ||||||||||||
| 120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
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| Total Delinquencies |
1.06% | 417 | 1.57% | $4,729,719.83 | ||||||||||||
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| Total Delinquencies - Prior Period |
1.15% | 1.71% | ||||||||||||||
| Total Delinquencies - Two Months Prior |
0.95% | 1.40% | ||||||||||||||
| Total Delinquencies - Three Months Prior |
1.01% | 1.40% | ||||||||||||||
| Receivables Pool Balance |
$302,399,877.83 | |||||||||||||||
| 60-Day Delinquency Percentage |
0.35% | |||||||||||||||
| Delinquency Trigger Percentage |
3.95% | |||||||||||||||
| Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
| Repossessed Vehicle Inventory* |
3 vehicles | |||||||||||||||
| * Included with Delinquencies Above |
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Page 4 of 5
Servicer’s Certificate
for the Collection Period August 01, 2022 through August 31, 2022
for Payment Date of September 15, 2022
Toyota Auto Receivables 2019-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
I hereby certify to the best of my knowledge that the report provided is true and correct.
| /s/ Stephen Bishop |
| Name: Stephen Bishop |
| Title: Group Manager - Treasury |
Page 5 of 5