Exhibit 99.1
Servicer’s Certificate
for the Collection Period February 01, 2026 through February 28, 2026
for Payment Date of March 16, 2026
Toyota Auto Receivables 2024-A Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
28 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
27 | Actual/360 Days |
27 |
| 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 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2b | $472,500,000.00 | 12/15/26 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-3 | $630,000,000.00 | 10/16/28 | $458,416,462.54 | 0.7276452 | $0.00 | $15,845,204.04 | $14,875,000.06 | $427,696,258.44 | 0.6788829 | |||||||||||||||||||||||||||
| 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 | $603,416,462.54 | $0.00 | $15,845,204.04 | $14,875,000.06 | $572,696,258.44 | 0.3272550 | |||||||||||||||||||||||||||||
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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% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2b | 4.00819% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-3 | 4.83000% | $1,845,126.26 | $0.00 | $1,845,126.26 | $0.00 | $32,565,330.36 | ||||||||||||||||||||
| 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 | $2,247,595.01 | $0.00 | $2,247,595.01 | $0.00 | $32,967,799.11 | |||||||||||||||||||||
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Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
| Initial Deposit Amount |
$4,375,000.02 | Beginning Period Amount |
$31,251,474.39 | |||||||
| Specified Reserve Account Amount |
$4,375,000.02 | Increase/(Decrease) |
$(2,425,204.37 | ) | ||||||
| Beginning Balance |
$4,375,000.02 | Ending Period Amount |
$28,826,270.02 | |||||||
| Withdrawals |
$0.00 | |||||||||
| Amount Available for Deposit |
$17,205,935.93 | Overcollateralization | ||||||||
| Amount Deposited to the Reserve Account |
$0.00 | |||||||||
| Reserve Account Balance Prior to Release |
$4,375,000.02 | Adjusted Pool Balance |
$587,571,258.50 | |||||||
| Reserve Account Required Amount |
$4,375,000.02 | Total Note Balance |
$572,696,258.44 | |||||||
| 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 February 01, 2026 through February 28, 2026
for Payment Date of March 16, 2026
Toyota Auto Receivables 2024-A Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
28 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
27 | Actual/360 Days |
27 |
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 | 896 | 865 | 820 | 792 | |||||||||||||||
| Gross Principal of Liquidated Receivables |
$577,404.21 | $22,669,291.55 | $22,091,887.34 | $21,180,431.91 | $20,523,815.79 | |||||||||||||||
| 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 |
$(70,766.92 | ) | $(3,145,260.68 | ) | $(3,074,493.76 | ) | $(3,005,974.46 | ) | $(2,970,798.59 | ) | ||||||||||
| Recoveries on Previously Liquidated Contracts |
$(288,957.59 | ) | $(9,786,779.47 | ) | $(9,497,821.88 | ) | $(9,044,290.82 | ) | $(8,533,345.57 | ) | ||||||||||
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| Net Credit Losses |
$217,679.70 | $9,723,553.38 | $9,505,873.68 | $9,116,468.61 | $9,005,973.61 | |||||||||||||||
| Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
1.24920% | 1.20598% | 1.14324% | 1.10420% | ||||||||||||||||
| Number of Accounts with Liquidation Proceeds or Recoveries |
856 | 828 | 788 | 761 | ||||||||||||||||
| Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.82310% | 0.79014% | 0.74408% | 0.72179% | ||||||||||||||||
| Number of Assets Experiencing a Net Loss |
784 | 756 | 719 | 695 | ||||||||||||||||
| Net Credit Losses for Assets Experiencing a Loss |
$9,759,702.37 | $9,540,619.98 | $9,149,258.86 | $9,036,162.50 | ||||||||||||||||
| Average Net Loss on all assets that have Experienced a Net Loss |
$12,448.60 | $12,619.87 | $12,724.98 | $13,001.67 | ||||||||||||||||
| Cumulative Net Loss Ratio |
0.50950% | 0.49809% | 0.47768% | 0.47190% | ||||||||||||||||
| Repossessed in Current Period |
7 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
| Receivables Pool Balance |
$1,908,468,799.65 | $649,542,936.99 | $616,397,528.52 | |||||||||||||
| Number of Contracts |
71,726 | 42,055 | 41,111 | |||||||||||||
| Weighted Average APR |
5.37% | 5.59% | 5.60% | |||||||||||||
| Weighted Average Remaining Term (Months) |
54.51 | 31.59 | 30.74 | |||||||||||||
Page 2 of 5
Servicer’s Certificate
for the Collection Period February 01, 2026 through February 28, 2026
for Payment Date of March 16, 2026
Toyota Auto Receivables 2024-A Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
28 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
27 | Actual/360 Days |
27 |
Collections
| Principal Payments Received |
$22,871,176.07 | |||
| Prepayments in Full |
$9,676,855.79 | |||
| Interest Payments Received |
$2,912,174.52 | |||
| Aggregate Net Liquidation Proceeds |
$359,724.51 | |||
| Interest on Repurchased Contracts |
$117.47 | |||
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| Total Collections |
$35,820,048.36 | |||
| Principal of Repurchased Contracts |
$19,972.40 | |||
| Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
| Adjustment on Repurchased Contracts |
$0.00 | |||
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| Total Repurchased Amount |
$19,972.40 | |||
| Total Available Collections |
$35,840,020.76 |
Distributions
| Calculated Amount |
Amount Paid |
Shortfall | ||||||||
| Servicing Fee |
$541,285.78 | $541,285.78 | $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 |
$0.00 | $0.00 | $0.00 | |||||||
| Interest - Class A-2b Notes |
$0.00 | $0.00 | $0.00 | |||||||
| Interest - Class A-3 Notes |
$1,845,126.26 | $1,845,126.26 | $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 |
$15,845,204.04 | $15,845,204.04 | $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 |
$2,330,935.87 | $2,330,935.87 | N/A | |||||||
Page 3 of 5
Servicer’s Certificate
for the Collection Period February 01, 2026 through February 28, 2026
for Payment Date of March 16, 2026
Toyota Auto Receivables 2024-A Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
28 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
27 | Actual/360 Days |
27 |
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 |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||||||||||
| Class A-2b Notes |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||||||||||
| Class A-3 Notes |
$1,845,126.26 | $2.93 | $30,720,204.10 | $48.76 | $32,565,330.36 | $51.69 | ||||||||||||||||||||||||||||
| 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 |
0.99% | 408 | 1.50% | $9,223,924.59 | ||||||||||||
| 60-89 Days Delinquent |
0.26% | 108 | 0.45% | $2,749,007.89 | ||||||||||||
| 90-119 Days Delinquent |
0.08% | 33 | 0.11% | $676,811.71 | ||||||||||||
| 120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
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| Total Delinquencies |
1.33% | 549 | 2.06% | $12,649,744.19 | ||||||||||||
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| Total Delinquencies - Prior Period |
1.39% | 2.06% | ||||||||||||||
| Total Delinquencies - Two Months Prior |
1.43% | 2.03% | ||||||||||||||
| Total Delinquencies - Three Months Prior |
1.36% | 1.93% | ||||||||||||||
| Receivables Pool Balance |
$616,397,528.52 | |||||||||||||||
| 60-Day Delinquency Percentage |
0.56% | |||||||||||||||
| Delinquency Trigger Percentage |
4.65% | |||||||||||||||
| 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 February 01, 2026 through February 28, 2026
for Payment Date of March 16, 2026
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