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-B 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 | $375,000,000.00 | 5/15/25 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2a | $262,100,000.00 | 3/15/27 | $99,507,214.47 | 0.3796536 | $0.00 | $11,880,623.20 | $6,288,324.46 | $81,338,266.81 | 0.3103330 | |||||||||||||||||||||||||||
| A-2b | $357,900,000.00 | 3/15/27 | $135,878,031.51 | 0.3796536 | $0.00 | $16,223,102.03 | $8,586,765.83 | $111,068,163.65 | 0.3103330 | |||||||||||||||||||||||||||
| A-3 | $620,000,000.00 | 1/16/29 | $620,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $620,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| A-4 | $91,260,000.00 | 7/16/29 | $91,260,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $91,260,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $43,740,000.00 | 10/15/30 | $43,740,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $43,740,000.00 | 1.0000000 | |||||||||||||||||||||||||||
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| Total | $1,750,000,000.00 | $990,385,245.98 | $0.00 | $28,103,725.23 | $14,875,090.29 | $947,406,430.46 | 0.5413751 | |||||||||||||||||||||||||||||
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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 | 5.51500% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2a | 5.41000% | $448,611.69 | $0.00 | $448,611.69 | $0.00 | $18,617,559.35 | ||||||||||||||||||||
| A-2b | 4.65385% | $509,397.87 | $0.00 | $509,397.87 | $0.00 | $25,319,265.73 | ||||||||||||||||||||
| A-3 | 5.33000% | $2,753,833.33 | $0.00 | $2,753,833.33 | $0.00 | $2,753,833.33 | ||||||||||||||||||||
| A-4 | 5.28000% | $401,544.00 | $0.00 | $401,544.00 | $0.00 | $401,544.00 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
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| Total | $4,113,386.89 | $0.00 | $4,113,386.89 | $0.00 | $47,092,202.41 | |||||||||||||||||||||
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Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
| Initial Deposit Amount |
$4,375,026.56 | Beginning Period Amount |
$54,120,801.51 | |||||||
| Specified Reserve Account Amount |
$4,375,026.56 | Increase/(Decrease) |
$(3,512,793.52 | ) | ||||||
| Beginning Balance |
$4,375,026.56 | Ending Period Amount |
$50,608,007.99 | |||||||
| Withdrawals |
$0.00 | |||||||||
| Amount Available for Deposit |
$18,551,028.38 | Overcollateralization | ||||||||
| Amount Deposited to the Reserve Account |
$0.00 | |||||||||
| Reserve Account Balance Prior to Release |
$4,375,026.56 | Adjusted Pool Balance |
$962,281,520.75 | |||||||
| Reserve Account Required Amount |
$4,375,026.56 | Total Note Balance |
$947,406,430.46 | |||||||
| Reserve Account Release to Seller |
$0.00 | Ending Overcollateralization Amount |
$14,875,090.29 | |||||||
| Ending Reserve Account Balance |
$4,375,026.56 | Overcollateralization Target Amount |
$14,875,090.29 | |||||||
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-B 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 |
22 | 420 | 398 | 373 | 349 | |||||||||||||||
| Gross Principal of Liquidated Receivables |
$522,399.99 | $11,843,978.25 | $11,321,578.26 | $10,644,978.06 | $10,066,184.18 | |||||||||||||||
| Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(71,867.54 | ) | $(71,867.54 | ) | $(71,867.54 | ) | $(71,867.54 | ) | |||||||||||
| Net Liquidation Proceeds Received During the Collection Period |
$(56,865.27 | ) | $(1,654,894.92 | ) | $(1,598,029.65 | ) | $(1,453,617.41 | ) | $(1,303,365.01 | ) | ||||||||||
| Recoveries on Previously Liquidated Contracts |
$(473,886.65 | ) | $(4,869,788.35 | ) | $(4,395,901.70 | ) | $(4,040,077.53 | ) | $(3,507,495.76 | ) | ||||||||||
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| Net Credit Losses |
$(8,351.93 | ) | $5,247,427.44 | $5,255,779.37 | $5,079,415.58 | $5,183,455.87 | ||||||||||||||
| Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.59783% | 0.56652% | 0.53093% | 0.49677% | ||||||||||||||||
| Number of Accounts with Liquidation Proceeds or Recoveries |
397 | 380 | 350 | 313 | ||||||||||||||||
| Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.37478% | 0.36858% | 0.34979% | 0.35054% | ||||||||||||||||
| Number of Assets Experiencing a Net Loss |
362 | 346 | 326 | 305 | ||||||||||||||||
| Net Credit Losses for Assets Experiencing a Loss |
$5,259,984.46 | $5,266,942.04 | $5,088,521.17 | $5,191,871.50 | ||||||||||||||||
| Average Net Loss on all assets that have Experienced a Net Loss |
$14,530.34 | $15,222.38 | $15,608.96 | $17,022.53 | ||||||||||||||||
| Cumulative Net Loss Ratio |
0.27968% | 0.28012% | 0.27072% | 0.27627% | ||||||||||||||||
| Repossessed in Current Period |
6 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
| Receivables Pool Balance |
$1,876,256,589.10 | $1,059,381,137.78 | $1,012,889,528.74 | |||||||||||||
| Number of Contracts |
70,254 | 51,269 | 50,092 | |||||||||||||
| Weighted Average APR |
5.70% | 5.77% | 5.78% | |||||||||||||
| Weighted Average Remaining Term (Months) |
54.56 | 41.27 | 40.38 | |||||||||||||
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-B 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 |
$29,191,125.73 | |||
| Prepayments in Full |
$16,778,083.32 | |||
| Interest Payments Received |
$5,150,997.14 | |||
| Aggregate Net Liquidation Proceeds |
$530,751.92 | |||
| Interest on Repurchased Contracts |
$0.00 | |||
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| Total Collections |
$51,650,958.11 | |||
| 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 |
$51,650,958.11 |
Distributions
| Calculated Amount |
Amount Paid |
Shortfall | ||||||||
| Servicing Fee |
$882,817.61 | $882,817.61 | $0.00 | |||||||
| Trustee and Other Fees/Expenses (capped at $300,000.00 per calendar year) |
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| Indenture Trustee |
$0.00 |
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$0.00 |
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$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 |
$448,611.69 | $448,611.69 | $0.00 | |||||||
| Interest - Class A-2b Notes |
$509,397.87 | $509,397.87 | $0.00 | |||||||
| Interest - Class A-3 Notes |
$2,753,833.33 | $2,753,833.33 | $0.00 | |||||||
| Interest - Class A-4 Notes |
$401,544.00 | $401,544.00 | $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 |
$28,103,725.23 | $28,103,725.23 | $0.00 | |||||||
| Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||
| Regular Principal Distribution Amount |
$14,875,090.29 | $14,875,090.29 | $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 |
$3,675,938.09 | $3,675,938.09 | 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 2024-B 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 |
$448,611.69 | $1.71 | $18,168,947.66 | $69.32 | $18,617,559.35 | $71.03 | ||||||||||||||||||||||||||||
| Class A-2b Notes |
$509,397.87 | $1.42 | $24,809,867.86 | $69.32 | $25,319,265.73 | $70.74 | ||||||||||||||||||||||||||||
| Class A-3 Notes |
$2,753,833.33 | $4.44 | $0.00 | $0.00 | $2,753,833.33 | $4.44 | ||||||||||||||||||||||||||||
| Class A-4 Notes |
$401,544.00 | $4.40 | $0.00 | $0.00 | $401,544.00 | $4.40 | ||||||||||||||||||||||||||||
| 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 |
0.68% | 342 | 0.90% | $9,081,530.99 | ||||||||||||
| 60-89 Days Delinquent |
0.17% | 86 | 0.24% | $2,406,006.04 | ||||||||||||
| 90-119 Days Delinquent |
0.06% | 30 | 0.08% | $841,182.72 | ||||||||||||
| 120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
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| Total Delinquencies |
0.91% | 458 | 1.22% | $12,328,719.75 | ||||||||||||
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| Total Delinquencies - Prior Period |
0.90% | 1.21% | ||||||||||||||
| Total Delinquencies - Two Months Prior |
0.82% | 1.08% | ||||||||||||||
| Total Delinquencies - Three Months Prior |
0.85% | 1.08% | ||||||||||||||
| Receivables Pool Balance |
$1,012,889,528.74 | |||||||||||||||
| 60-Day Delinquency Percentage |
0.32% | |||||||||||||||
| Delinquency Trigger Percentage |
4.95% | |||||||||||||||
| Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
| Repossessed Vehicle Inventory* |
12 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-B 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