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-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 |
Ending Principal Factor |
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| A-1 | $349,000,000.00 | 10/15/25 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2a | $265,000,000.00 | 8/16/27 | $199,127,365.94 | 0.7514240 | $0.00 | $13,930,572.25 | $5,950,000.00 | $179,246,793.69 | 0.6764030 | |||||||||||||||||||||||||||
| A-2b | $397,500,000.00 | 8/16/27 | $298,691,048.87 | 0.7514240 | $0.00 | $20,895,858.36 | $8,925,000.01 | $268,870,190.50 | 0.6764030 | |||||||||||||||||||||||||||
| A-3 | $597,500,000.00 | 6/15/29 | $597,500,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $597,500,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| A-4 | $97,250,000.00 | 4/15/30 | $97,250,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $97,250,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $43,750,000.00 | 4/15/31 | $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 | $1,236,318,414.81 | $0.00 | $34,826,430.61 | $14,875,000.01 | $1,186,616,984.19 | 0.6780668 | |||||||||||||||||||||||||||||
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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 | 4.79100% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2a | 4.55000% | $755,024.60 | $0.00 | $755,024.60 | $0.00 | $20,635,596.85 | ||||||||||||||||||||
| A-2b | 4.69385% | $1,129,397.73 | $0.00 | $1,129,397.73 | $0.00 | $30,950,256.10 | ||||||||||||||||||||
| A-3 | 4.40000% | $2,190,833.33 | $0.00 | $2,190,833.33 | $0.00 | $2,190,833.33 | ||||||||||||||||||||
| A-4 | 4.43000% | $359,014.58 | $0.00 | $359,014.58 | $0.00 | $359,014.58 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
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| Total | $4,434,270.24 | $0.00 | $4,434,270.24 | $0.00 | $54,135,700.86 | |||||||||||||||||||||
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Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
| Initial Deposit Amount |
$4,375,000.00 | Beginning Period Amount |
$55,557,881.83 | |||||||
| Specified Reserve Account Amount |
$4,375,000.00 | Increase/(Decrease) |
$(3,352,856.85 | ) | ||||||
| Beginning Balance |
$4,375,000.00 | Ending Period Amount |
$52,205,024.98 | |||||||
| Withdrawals |
$0.00 | |||||||||
| Amount Available for Deposit |
$18,776,414.24 | Overcollateralization | ||||||||
| Amount Deposited to the Reserve Account |
$0.00 | |||||||||
| Reserve Account Balance Prior to Release |
$4,375,000.00 | Adjusted Pool Balance |
$1,201,491,984.20 | |||||||
| Reserve Account Required Amount |
$4,375,000.00 | Total Note Balance |
$1,186,616,984.19 | |||||||
| Reserve Account Release to Seller |
$0.00 | Ending Overcollateralization Amount |
$14,875,000.01 | |||||||
| Ending Reserve Account Balance |
$4,375,000.00 | Overcollateralization Target Amount |
$14,875,000.01 | |||||||
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-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 |
30 | 225 | 195 | 155 | 123 | |||||||||||||||
| Gross Principal of Liquidated Receivables |
$963,390.07 | $6,365,955.71 | $5,402,565.64 | $4,383,344.41 | $3,592,690.83 | |||||||||||||||
| Principal of Repurchased Contracts, previously charged-off |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||
| Net Liquidation Proceeds Received During the Collection Period |
$(117,361.95 | ) | $(1,411,394.19 | ) | $(1,294,032.24 | ) | $(1,038,545.81 | ) | $(855,407.51 | ) | ||||||||||
| Recoveries on Previously Liquidated Contracts |
$(336,594.35 | ) | $(1,570,667.38 | ) | $(1,234,073.03 | ) | $(856,783.00 | ) | $(517,618.20 | ) | ||||||||||
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| Net Credit Losses |
$509,433.77 | $3,383,894.14 | $2,874,460.37 | $2,488,015.60 | $2,219,665.12 | |||||||||||||||
| Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.32428% | 0.28104% | 0.22339% | 0.17727% | ||||||||||||||||
| Number of Accounts with Liquidation Proceeds or Recoveries |
205 | 179 | 136 | 97 | ||||||||||||||||
| Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.22291% | 0.18576% | 0.15772% | 0.13802% | ||||||||||||||||
| Number of Assets Experiencing a Net Loss |
206 | 178 | 145 | 117 | ||||||||||||||||
| Net Credit Losses for Assets Experiencing a Loss |
$3,390,676.00 | $2,879,736.73 | $2,492,605.04 | $2,222,927.27 | ||||||||||||||||
| Average Net Loss on all assets that have Experienced a Net Loss |
$16,459.59 | $16,178.30 | $17,190.38 | $18,999.38 | ||||||||||||||||
| Cumulative Net Loss Ratio |
0.18372% | 0.15606% | 0.13508% | 0.12051% | ||||||||||||||||
| Repossessed in Current Period |
11 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
| Receivables Pool Balance |
$1,841,920,697.79 | $1,306,751,296.65 | $1,253,697,009.18 | |||||||||||||
| Number of Contracts |
69,385 | 57,179 | 55,807 | |||||||||||||
| Weighted Average APR |
5.96% | 5.99% | 6.00% | |||||||||||||
| Weighted Average Remaining Term (Months) |
53.37 | 45.47 | 44.59 | |||||||||||||
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-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 |
$33,212,037.47 | |||
| Prepayments in Full |
$18,862,015.53 | |||
| Interest Payments Received |
$6,580,610.92 | |||
| Aggregate Net Liquidation Proceeds |
$453,956.30 | |||
| Interest on Repurchased Contracts |
$609.88 | |||
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| Total Collections |
$59,109,230.10 | |||
| Principal of Repurchased Contracts |
$16,844.40 | |||
| Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
| Adjustment on Repurchased Contracts |
$0.00 | |||
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| Total Repurchased Amount |
$16,844.40 | |||
| Total Available Collections |
$59,126,074.50 |
Distributions
| Calculated Amount |
Amount Paid |
Shortfall | ||||||||
| Servicing Fee |
$1,088,959.41 | $1,088,959.41 | $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 |
$755,024.60 | $755,024.60 | $0.00 | |||||||
| Interest - Class A-2b Notes |
$1,129,397.73 | $1,129,397.73 | $0.00 | |||||||
| Interest - Class A-3 Notes |
$2,190,833.33 | $2,190,833.33 | $0.00 | |||||||
| Interest - Class A-4 Notes |
$359,014.58 | $359,014.58 | $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 |
$34,826,430.61 | $34,826,430.61 | $0.00 | |||||||
| Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||
| Regular Principal Distribution Amount |
$14,875,000.01 | $14,875,000.01 | $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 |
$3,901,414.23 | $3,901,414.23 | 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-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 |
$755,024.60 | $2.85 | $19,880,572.25 | $75.02 | $20,635,596.85 | $77.87 | ||||||||||||||||||||||||||||
| Class A-2b Notes |
$1,129,397.73 | $2.84 | $29,820,858.37 | $75.02 | $30,950,256.10 | $77.86 | ||||||||||||||||||||||||||||
| Class A-3 Notes |
$2,190,833.33 | $3.67 | $0.00 | $0.00 | $2,190,833.33 | $3.67 | ||||||||||||||||||||||||||||
| Class A-4 Notes |
$359,014.58 | $3.69 | $0.00 | $0.00 | $359,014.58 | $3.69 | ||||||||||||||||||||||||||||
| 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 |
0.54% | 303 | 0.71% | $8,877,593.38 | ||||||||||||
| 60-89 Days Delinquent |
0.17% | 94 | 0.21% | $2,674,866.23 | ||||||||||||
| 90-119 Days Delinquent |
0.04% | 22 | 0.05% | $639,933.15 | ||||||||||||
| 120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
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| Total Delinquencies |
0.75% | 419 | 0.97% | $12,192,392.76 | ||||||||||||
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| Total Delinquencies - Prior Period |
0.72% | 0.94% | ||||||||||||||
| Total Delinquencies - Two Months Prior |
0.68% | 0.84% | ||||||||||||||
| Total Delinquencies - Three Months Prior |
0.73% | 0.90% | ||||||||||||||
| Receivables Pool Balance |
$1,253,697,009.18 | |||||||||||||||
| 60-Day Delinquency Percentage |
0.26% | |||||||||||||||
| Delinquency Trigger Percentage |
4.95% | |||||||||||||||
| Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
| Repossessed Vehicle Inventory* |
14 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-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