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 2024-A 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 | $345,000,000.00 | 1/15/25 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2a | $157,500,000.00 | 12/15/26 | $29,041,686.30 | 0.1843917 | $0.00 | $6,106,345.61 | $3,718,750.01 | $19,216,590.68 | 0.1220101 | |||||||||||||||||||||||||||
| A-2b | $472,500,000.00 | 12/15/26 | $87,125,058.90 | 0.1843917 | $0.00 | $18,319,036.81 | $11,156,250.05 | $57,649,772.04 | 0.1220101 | |||||||||||||||||||||||||||
| A-3 | $630,000,000.00 | 10/16/28 | $630,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $630,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| A-4 | $101,250,000.00 | 4/16/29 | $101,250,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $101,250,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $43,750,000.00 | 8/15/30 | $43,750,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $43,750,000.00 | 1.0000000 | |||||||||||||||||||||||||||
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| Total | $1,750,000,000.00 | $891,166,745.20 | $0.00 | $24,425,382.42 | $14,875,000.06 | $851,866,362.72 | 0.4867808 | |||||||||||||||||||||||||||||
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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 | 5.51900% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2a | 5.13000% | $124,153.21 | $0.00 | $124,153.21 | $0.00 | $9,949,248.83 | ||||||||||||||||||||
| A-2b | 4.65385% | $326,626.16 | $0.00 | $326,626.16 | $0.00 | $29,801,913.02 | ||||||||||||||||||||
| A-3 | 4.83000% | $2,535,750.00 | $0.00 | $2,535,750.00 | $0.00 | $2,535,750.00 | ||||||||||||||||||||
| A-4 | 4.77000% | $402,468.75 | $0.00 | $402,468.75 | $0.00 | $402,468.75 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
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| Total | $3,388,998.12 | $0.00 | $3,388,998.12 | $0.00 | $42,689,380.60 | |||||||||||||||||||||
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Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
| Initial Deposit Amount |
$4,375,000.02 | Beginning Period Amount |
$56,768,165.50 | |||||||
| Specified Reserve Account Amount |
$4,375,000.02 | Increase/(Decrease) |
$(3,809,788.70 | ) | ||||||
| Beginning Balance |
$4,375,000.02 | Ending Period Amount |
$52,958,376.80 | |||||||
| Withdrawals |
$0.00 | |||||||||
| Amount Available for Deposit |
$18,817,371.97 | Overcollateralization | ||||||||
| Amount Deposited to the Reserve Account |
$0.00 | |||||||||
| Reserve Account Balance Prior to Release |
$4,375,000.02 | Adjusted Pool Balance |
$866,741,362.78 | |||||||
| Reserve Account Required Amount |
$4,375,000.02 | Total Note Balance |
$851,866,362.72 | |||||||
| Reserve Account Release to Seller |
$0.00 | Ending Overcollateralization Amount |
$14,875,000.06 | |||||||
| Ending Reserve Account Balance |
$4,375,000.02 | Overcollateralization Target Amount |
$14,875,000.06 | |||||||
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 2024-A 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 |
31 | 608 | 577 | 545 | 506 | |||||||||||||||
| Gross Principal of Liquidated Receivables |
$594,794.82 | $15,938,192.69 | $15,343,397.87 | $14,692,554.93 | $13,734,133.24 | |||||||||||||||
| Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(13,698.02 | ) | $(13,698.02 | ) | $(13,698.02 | ) | $(13,698.02 | ) | |||||||||||
| Net Liquidation Proceeds Received During the Collection Period |
$(153,153.34 | ) | $(2,353,839.37 | ) | $(2,200,686.03 | ) | $(2,018,028.37 | ) | $(1,726,623.87 | ) | ||||||||||
| Recoveries on Previously Liquidated Contracts |
$(313,038.91 | ) | $(6,341,687.64 | ) | $(6,028,648.73 | ) | $(5,427,026.97 | ) | $(4,691,584.69 | ) | ||||||||||
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| Net Credit Losses |
$128,602.57 | $7,228,967.66 | $7,100,365.09 | $7,233,801.57 | $7,302,226.66 | |||||||||||||||
| Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.84767% | 0.80445% | 0.75984% | 0.70546% | ||||||||||||||||
| Number of Accounts with Liquidation Proceeds or Recoveries |
583 | 544 | 508 | 463 | ||||||||||||||||
| Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.52918% | 0.51050% | 0.51084% | 0.50655% | ||||||||||||||||
| Number of Assets Experiencing a Net Loss |
534 | 508 | 485 | 455 | ||||||||||||||||
| Net Credit Losses for Assets Experiencing a Loss |
$7,247,703.46 | $7,118,703.31 | $7,248,723.47 | $7,309,994.40 | ||||||||||||||||
| Average Net Loss on all assets that have Experienced a Net Loss |
$13,572.48 | $14,013.20 | $14,945.82 | $16,065.92 | ||||||||||||||||
| Cumulative Net Loss Ratio |
0.37878% | 0.37205% | 0.37904% | 0.38262% | ||||||||||||||||
| Repossessed in Current Period |
19 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
| Receivables Pool Balance |
$1,908,468,799.65 | $962,809,910.76 | $919,699,739.58 | |||||||||||||
| Number of Contracts |
71,726 | 50,340 | 49,258 | |||||||||||||
| Weighted Average APR |
5.37% | 5.49% | 5.50% | |||||||||||||
| Weighted Average Remaining Term (Months) |
54.51 | 38.49 | 37.61 | |||||||||||||
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 2024-A 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 |
$28,679,245.15 | |||
| Prepayments in Full |
$13,836,131.21 | |||
| Interest Payments Received |
$4,452,525.49 | |||
| Aggregate Net Liquidation Proceeds |
$466,192.25 | |||
| Interest on Repurchased Contracts |
$0.00 | |||
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| Total Collections |
$47,434,094.10 | |||
| 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 |
$47,434,094.10 |
Distributions
| Calculated Amount |
Amount Paid |
Shortfall | ||||||||
| Servicing Fee |
$802,341.59 | $802,341.59 | $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 |
$124,153.21 | $124,153.21 | $0.00 | |||||||
| Interest - Class A-2b Notes |
$326,626.16 | $326,626.16 | $0.00 | |||||||
| Interest - Class A-3 Notes |
$2,535,750.00 | $2,535,750.00 | $0.00 | |||||||
| Interest - Class A-4 Notes |
$402,468.75 | $402,468.75 | $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 |
$24,425,382.42 | $24,425,382.42 | $0.00 | |||||||
| Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||
| Regular Principal Distribution Amount |
$14,875,000.06 | $14,875,000.06 | $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 |
$3,942,371.91 | $3,942,371.91 | 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 2024-A 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 |
$124,153.21 | $0.79 | $9,825,095.62 | $62.38 | $9,949,248.83 | $63.17 | ||||||||||||||||||||||||||||
| Class A-2b Notes |
$326,626.16 | $0.69 | $29,475,286.86 | $62.38 | $29,801,913.02 | $63.07 | ||||||||||||||||||||||||||||
| Class A-3 Notes |
$2,535,750.00 | $4.03 | $0.00 | $0.00 | $2,535,750.00 | $4.03 | ||||||||||||||||||||||||||||
| Class A-4 Notes |
$402,468.75 | $3.98 | $0.00 | $0.00 | $402,468.75 | $3.98 | ||||||||||||||||||||||||||||
| 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 |
0.78% | 382 | 1.05% | $9,667,408.25 | ||||||||||||
| 60-89 Days Delinquent |
0.27% | 131 | 0.37% | $3,445,445.95 | ||||||||||||
| 90-119 Days Delinquent |
0.08% | 40 | 0.12% | $1,144,254.77 | ||||||||||||
| 120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
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| Total Delinquencies |
1.13% | 553 | 1.54% | $14,257,108.97 | ||||||||||||
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| Total Delinquencies - Prior Period |
1.12% | 1.54% | ||||||||||||||
| Total Delinquencies - Two Months Prior |
1.02% | 1.35% | ||||||||||||||
| Total Delinquencies - Three Months Prior |
1.05% | 1.37% | ||||||||||||||
| Receivables Pool Balance |
$919,699,739.58 | |||||||||||||||
| 60-Day Delinquency Percentage |
0.50% | |||||||||||||||
| Delinquency Trigger Percentage |
4.65% | |||||||||||||||
| Has a Delinquency Trigger occurred in this Collection Period? No |
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| Repossessed Vehicle Inventory* |
25 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 2024-A 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