Exhibit 99.1
Servicer’s Certificate
for the Collection Period June 01, 2025 through June 30, 2025
for Payment Date of July 15, 2025
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
30 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
29 | Actual/360 Days |
29 |
| 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 | $310,000,000.00 | 11/15/24 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2a | $312,300,000.00 | 11/16/26 | $49,596,048.99 | 0.1588090 | $0.00 | $10,397,518.72 | $6,800,012.34 | $32,398,517.93 | 0.1037417 | |||||||||||||||||||||||||||
| A-2b | $312,300,000.00 | 11/16/26 | $49,596,048.99 | 0.1588090 | $0.00 | $10,397,518.71 | $6,800,012.35 | $32,398,517.93 | 0.1037417 | |||||||||||||||||||||||||||
| A-3 | $554,400,000.00 | 8/15/28 | $554,400,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $554,400,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| A-4 | $71,000,000.00 | 3/15/29 | $71,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $71,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $40,000,000.00 | 6/17/30 | $40,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $40,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
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| Total | $1,600,000,000.00 | $764,592,097.98 | $0.00 | $20,795,037.43 | $13,600,024.69 | $730,197,035.86 | 0.4563731 | |||||||||||||||||||||||||||||
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| Class | Interest Rate | Interest Distributable Amount |
Prior Interest Carryover |
Interest Distribution Amount |
Current Interest Carryover |
Total Principal & Interest Distribution |
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| A-1 | 5.60400% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2a | 5.80000% | $239,714.24 | $0.00 | $239,714.24 | $0.00 | $17,437,245.30 | ||||||||||||||||||||
| A-2b | 4.85385% | $193,922.82 | $0.00 | $193,922.82 | $0.00 | $17,391,453.88 | ||||||||||||||||||||
| A-3 | 5.54000% | $2,559,480.00 | $0.00 | $2,559,480.00 | $0.00 | $2,559,480.00 | ||||||||||||||||||||
| A-4 | 5.49000% | $324,825.00 | $0.00 | $324,825.00 | $0.00 | $324,825.00 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
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| Total | $3,317,942.06 | $0.00 | $3,317,942.06 | $0.00 | $37,713,004.18 | |||||||||||||||||||||
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Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
| Initial Deposit Amount |
$4,000,007.26 | Beginning Period Amount |
$55,519,926.68 | |||||||
| Specified Reserve Account Amount |
$4,000,007.26 | Increase/(Decrease) |
$(3,825,337.48 | ) | ||||||
| Beginning Balance |
$4,000,007.26 | Ending Period Amount |
$51,694,589.20 | |||||||
| Withdrawals |
$0.00 | |||||||||
| Amount Available for Deposit |
$16,805,032.78 | Overcollateralization | ||||||||
| Amount Deposited to the Reserve Account |
$0.00 | |||||||||
| Reserve Account Balance Prior to Release |
$4,000,007.26 | Adjusted Pool Balance |
$743,797,060.55 | |||||||
| Reserve Account Required Amount |
$4,000,007.26 | Total Note Balance |
$730,197,035.86 | |||||||
| Reserve Account Release to Seller |
$0.00 | Ending Overcollateralization Amount |
$13,600,024.69 | |||||||
| Ending Reserve Account Balance |
$4,000,007.26 | Overcollateralization Target Amount |
$13,600,024.69 | |||||||
Page 1 of 5
Servicer’s Certificate
for the Collection Period June 01, 2025 through June 30, 2025
for Payment Date of July 15, 2025
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
30 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
29 | Actual/360 Days |
29 |
Liquidations of Charge-offs and Repossessions
| Cumulative | ||||||||||||||||||||
| Current Period Only | Current Period | Prior Period | Two Periods Prior | Three Periods Prior | ||||||||||||||||
| Number of Liquidated Receivables |
40 | 650 | 610 | 576 | 548 | |||||||||||||||
| Gross Principal of Liquidated Receivables |
$884,351.35 | $17,776,844.75 | $16,892,493.40 | $16,000,225.43 | $15,298,577.66 | |||||||||||||||
| Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(82,659.37 | ) | $(82,659.37 | ) | $(82,659.37 | ) | $(82,659.37 | ) | |||||||||||
| Net Liquidation Proceeds Received During the Collection Period |
$(257,239.20 | ) | $(2,876,662.91 | ) | $(2,619,423.71 | ) | $(2,377,962.53 | ) | $(2,198,485.15 | ) | ||||||||||
| Recoveries on Previously Liquidated Contracts |
$(368,790.77 | ) | $(6,860,655.54 | ) | $(6,491,864.77 | ) | $(6,090,001.51 | ) | $(5,370,120.11 | ) | ||||||||||
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| Net Credit Losses |
$258,321.38 | $7,956,866.93 | $7,698,545.55 | $7,449,602.02 | $7,647,313.03 | |||||||||||||||
| Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.99379% | 0.93264% | 0.88065% | 0.83784% | ||||||||||||||||
| Number of Accounts with Liquidation Proceeds or Recoveries |
617 | 581 | 549 | 523 | ||||||||||||||||
| Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.64208% | 0.61031% | 0.58022% | 0.58524% | ||||||||||||||||
| Number of Assets Experiencing a Net Loss |
583 | 546 | 518 | 496 | ||||||||||||||||
| Net Credit Losses for Assets Experiencing a Loss |
$7,978,251.19 | $7,719,256.52 | $7,465,508.92 | $7,659,123.59 | ||||||||||||||||
| Average Net Loss on all assets that have Experienced a Net Loss |
$13,684.82 | $14,137.83 | $14,412.18 | $15,441.78 | ||||||||||||||||
| Cumulative Net Loss Ratio |
0.44847% | 0.43391% | 0.41988% | 0.43102% | ||||||||||||||||
| Repossessed in Current Period |
10 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
| Receivables Pool Balance |
$1,774,239,151.48 | $833,712,049.35 | $795,491,649.75 | |||||||||||||
| Number of Contracts |
65,406 | 46,101 | 45,190 | |||||||||||||
| Weighted Average APR |
5.10% | 5.22% | 5.23% | |||||||||||||
| Weighted Average Remaining Term (Months) |
54.72 | 36.59 | 35.70 | |||||||||||||
Page 2 of 5
Servicer’s Certificate
for the Collection Period June 01, 2025 through June 30, 2025
for Payment Date of July 15, 2025
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
30 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
29 | Actual/360 Days |
29 |
Collections
| Principal Payments Received |
$25,855,463.06 | |||
| Prepayments in Full |
$11,480,585.19 | |||
| Interest Payments Received |
$3,650,694.09 | |||
| Aggregate Net Liquidation Proceeds |
$626,029.97 | |||
| Interest on Repurchased Contracts |
$0.00 | |||
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| Total Collections |
$41,612,772.31 | |||
| Principal of Repurchased Contracts |
$0.00 | |||
| Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
| Adjustment on Repurchased Contracts |
$0.00 | |||
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| Total Repurchased Amount |
$0.00 | |||
| Total Available Collections |
$41,612,772.31 |
Distributions
| Calculated Amount |
Amount Paid |
Shortfall | ||||||||
| Servicing Fee |
$694,760.04 | $694,760.04 | $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-2a Notes |
$239,714.24 | $239,714.24 | $0.00 | |||||||
| Interest - Class A-2b Notes |
$193,922.82 | $193,922.82 | $0.00 | |||||||
| Interest - Class A-3 Notes |
$2,559,480.00 | $2,559,480.00 | $0.00 | |||||||
| Interest - Class A-4 Notes |
$324,825.00 | $324,825.00 | $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 |
$20,795,037.43 | $20,795,037.43 | $0.00 | |||||||
| Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||
| Regular Principal Distribution Amount |
$13,600,024.69 | $13,600,024.69 | $0.00 | |||||||
| Additional Trustee and Other Fees/Expenses 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 |
$3,205,008.09 | $3,205,008.09 | N/A | |||||||
Page 3 of 5
Servicer’s Certificate
for the Collection Period June 01, 2025 through June 30, 2025
for Payment Date of July 15, 2025
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
30 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
29 | Actual/360 Days |
29 |
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-2a Notes |
$239,714.24 | $0.77 | $17,197,531.06 | $55.07 | $17,437,245.30 | $55.84 | ||||||||||||||||||||||||||||
| Class A-2b Notes |
$193,922.82 | $0.62 | $17,197,531.06 | $55.07 | $17,391,453.88 | $55.69 | ||||||||||||||||||||||||||||
| Class A-3 Notes |
$2,559,480.00 | $4.62 | $0.00 | $0.00 | $2,559,480.00 | $4.62 | ||||||||||||||||||||||||||||
| Class A-4 Notes |
$324,825.00 | $4.58 | $0.00 | $0.00 | $324,825.00 | $4.58 | ||||||||||||||||||||||||||||
| 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 |
0.83% | 374 | 1.19% | $9,428,964.29 | ||||||||||||
| 60-89 Days Delinquent |
0.24% | 110 | 0.35% | $2,788,834.35 | ||||||||||||
| 90-119 Days Delinquent |
0.04% | 19 | 0.06% | $502,509.45 | ||||||||||||
| 120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
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| Total Delinquencies |
1.11% | 503 | 1.60% | $12,720,308.09 | ||||||||||||
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| Total Delinquencies - Prior Period |
1.07% | 1.48% | ||||||||||||||
| Total Delinquencies - Two Months Prior |
1.07% | 1.52% | ||||||||||||||
| Total Delinquencies - Three Months Prior |
1.06% | 1.47% | ||||||||||||||
| Receivables Pool Balance |
$795,491,649.75 | |||||||||||||||
| 60-Day Delinquency Percentage |
0.41% | |||||||||||||||
| Delinquency Trigger Percentage |
4.65% | |||||||||||||||
| Has a Delinquency Trigger occurred in this Collection Period? No |
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| Repossessed Vehicle Inventory* |
13 vehicles | |||||||
| * Included with Delinquencies Above |
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Page 4 of 5
Servicer’s Certificate
for the Collection Period June 01, 2025 through June 30, 2025
for Payment Date of July 15, 2025
Toyota Auto Receivables 2023-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: | General Manager - Treasury | |
Page 5 of 5