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<assetData>
  <assets>
    <!--General Comments - Exhibit 103

Asset Related Document

This asset related document provides narrative to explain the asset-level data reported in Exhibit 102 to the Form ABS-EE to which this asset related document is attached as an exhibit.  Additional explanatory narrative is also included in the prospectus dated January 23, 2024 (the "Prospectus") for the securities issued by Toyota Auto Receivables 2024-A Owner Trust.  You should read this asset related document and the Prospectus completely to understand the asset-level data and how it may differ from similar data appearing in the Prospectus.

References to "Items" in the Explanatory Narrative below are references to specific asset level data items listed in 17 CFR 229.1125 (Item 1125 of Regulation AB) Schedule AL - Asset-Level Information.  Capitalized terms used in the Explanatory Narrative below and not otherwise defined in this asset related document have the meanings assigned to such terms in the Prospectus.

Explanatory Narrative-->
    <originationDate />
    <!--  Item 3(c)(2)  Origination Date - Reported value is the calendar month and year in which the related contract was executed.  -->
    <originalLoanTerm />
    <!--  Item 3(c)(4)  Original Loan Term - Reported value is the number of calendar months from and including the calendar month of the Item 3(c)(2) - Origination Date, through and including the calendar month of the maturity date of the related Receivable at origination.  A partial calendar month (even one day) is reported as one month for this purpose.  -->
    <loanMaturityDate />
    <!--  Item 3(c)(5)  Loan Maturity Date - Reported value is the calendar month and year of the current maturity date of the related Receivable, after giving effect to any extensions, due date changes and bankruptcy-related repayment plans.  -->
    <underwritingIndicator />
    <!--  Item 3(c)(11)  Underwriting Indicator - Reported value is "true" for any Receivable in respect of which the credit application for the related Receivable was automatically approved, as described in the Prospectus.  -->
    <gracePeriodNumber />
    <!--  Item 3(c)(12)  Grace Period - Reported value is the number of calendar months from and including the calendar month immediately following the Item 3(c)(2) Origination Date, through and including the calendar month of the Item 3(c)(10) - Original First Payment Date.  A partial calendar month (even one day) is reported as one month for this purpose.  -->
    <vehicleManufacturerName />
    <!--  Item 3(d)(1)  Vehicle Manufacturer - Financed Vehicles manufactured under the Scion brand name are reported as "TOYOTA".  -->
    <vehicleNewUsedCode />
    <!--  Item 3(d)(3)  New or Used - Demonstration vehicles are reported with a value of "1" (New).  -->
    <vehicleTypeCode />
    <!--  Item 3(d)(5)  Vehicle Type - Financed Vehicles described as "Minivans" in the Prospectus are reported with a value of "1" (Car).  -->
    <vehicleValueSourceCode />
    <!--  Item 3(d)(7)  Source of Vehicle Value - For Financed Vehicles in respect of which the related vehicle value was determined by reference to a NADA Guide, a value of "98" (Other) is reported.  -->
    <obligorCreditScoreType />
    <!--  Item 3(e)(1)  Obligor Credit Score Type - Credit score types reported as "FICO" that were obtained (i) prior to May 3, 2016 are version "FICO Auto Score 2" and (ii) on or after May 3, 2016 are version "FICO Auto Score 8".  FICO is a federally registered servicemark of Fair Isaac Corporation.  -->
    <obligorCreditScore />
    <!--  Item 3(e)(2)  Obligor Credit Score - Reported value is the highest credit score obtained by TMCC with respect to the Obligor and any co-obligor under the related Receivable.  -->
    <paymentToIncomePercentage />
    <!--  Item 3(e)(6)  Payment to Income Ratio - Reported ratio has been calculated consistent with the description of such ratio contained in the Prospectus.  The ratio will be omitted (i) if the Receivable does not contain sufficient information to calculate the payment-to-income ratio or (ii) in certain cases, if the applicant is a business entity.  -->
    <remainingTermToMaturityNumber />
    <!--  Item 3(f)(2)  Remaining Term to Maturity - Reported value is the number of calendar months from and including the calendar month immediately following the Item 3(b)(2) - Reporting Period End Date, through and including the calendar month of the Item 3(c)(5) - Loan Maturity Date.  A partial calendar month (even one day) is reported as one month for this purpose.  -->
    <nextReportingPeriodPaymentAmountDue />
    <!--  Item 3(f)(6)  Next Reporting Period Payment Amount Due - Reported amount is the total amount of interest and principal due to be paid in the next reporting period in respect of the related Receivable, including the amount of any past due principal and interest outstanding at the end of the current reporting period.  Reported amount will be "0.00" in the case of any Receivable that has been paid-ahead by an amount greater than or equal to the total amount of interest and principal that would otherwise be due to be paid in the next reporting period.  -->
    <reportingPeriodInterestRatePercentage />
    <!--  Item 3(f)(7)  Reporting Period Interest Rate - Reported rate is the interest rate that was in effect for the related Receivable as of the end of the prior reporting period.  -->
    <nextInterestRatePercentage />
    <!--  Item 3(f)(8)  Next Interest Rate - Reported rate is the interest rate that was in effect for the related Receivable as of the end of the current reporting period.  -->
    <otherAssessedUncollectedServicerFeeAmount />
    <!--  Item 3(f)(12)  Other Assessed But Uncollected Servicer Fees - Reported amount represents the aggregate amount of late fees assessed since origination of the related Receivable that have not been paid or waived prior to the end of the current reporting period.  -->
    <scheduledInterestAmount />
    <!--  Item 3(f)(13)  Scheduled Interest Amount - Reported amount is the monthly interest payment due in respect of the related Receivable, calculated using an amortization schedule from the related origination date, a 30/360 day count methodology and assuming that full payment of monthly principal and interest due in respect of such Receivable is received on each due date.  -->
    <scheduledPrincipalAmount />
    <!--  Item 3(f)(14)  Scheduled Principal Amount - Reported amount is the monthly principal payment due in respect of the related Receivable, calculated using an amortization schedule from the related origination date, using a 30/360 day count methodology and assuming that full payment of monthly principal and interest due in respect of such Receivable is received on each due date.  -->
    <otherPrincipalAdjustmentAmount />
    <!--  Item 3(f)(15)  Other Principal Adjustments - Reported amount represents, for each Receivable, the amount, if any, by which (a) the aggregate amount of any negative adjustments to the Principal Balance of such Receivable in the current reporting period exceeds (b) the sum of (i) the aggregate amount of any positive adjustments to the Principal Balance of such Receivable in the current reporting period and (ii) any principal collections (including prepayments) in respect of such Receivable during the current reporting period.  For the avoidance of doubt, (1) only net negative amounts will be reported for this Item, and (2) any non-net negative amounts will be reported as "0.00" for this Item and presented as positive amounts, if applicable, under Item 3(f)(20) - Actual Principal Collected.  Negative adjustments to the Principal Balance of a Receivable include, for example, charges assessed against such Receivable due to non-sufficient funds.  -->
    <reportingPeriodScheduledPaymentAmount />
    <!--  Item 3(f)(17)  Reporting Period Scheduled Payment Amount - Reported amount is the total payment amount (including principal and interest) due to be paid in respect of the related Receivable in the current reporting period, as calculated at origination of such Receivable.  -->
    <totalActualAmountPaid />
    <!--  Item 3(f)(18)  Total Actual Amount Paid - Reported amount is equal to the sum of Item 3(f)(19) - Actual Interest Collected, Item 3(f)(20) - Actual Principal Collected and Item 3(f)(21) - Actual Other Amounts Collected.  Reported amount does not include amounts reported in Item 3(i)(2) - Amounts Recovered or Item 3(k)(1) - Repossession Proceeds.  -->
    <actualInterestCollectedAmount />
    <!--  Item 3(f)(19)  Actual Interest Collected - Reported amount will be "0.00" if the aggregate amount of interest collections in respect of such Receivable during the current reporting period, net of the aggregate amount of any adjustments made to interest collections in respect of such Receivable during the current reporting period, is less than zero.  -->
    <actualPrincipalCollectedAmount />
    <!--  Item 3(f)(20)  Actual Principal Collected - Reported amount represents, for each Receivable, the amount, if any, by which (a) the sum of (i) the aggregate amount of any positive adjustments to the Principal Balance of such Receivable in the current reporting period and (ii) any principal collections (including prepayments) in respect of such Receivable during the current reporting period exceeds (b) the aggregate amount of any negative adjustments to the Principal Balance of such Receivable in the current reporting period.  For the avoidance of doubt, (1) only net positive amounts will be reported for this Item, and (2) any non-net positive amounts will be reported as "0.00" for this Item and presented as negative amounts, if applicable, under Item 3(f)(15) - Other Principal Adjustments.  -->
    <actualOtherCollectedAmount />
    <!--  Item 3(f)(21)  Actual Other Amounts Collected - Reported amount will be "0.00" if the aggregate amount of other collections in respect of such Receivable during the current reporting period, net of the aggregate amount of any adjustments made to other collections in respect of such Receivable during the current reporting period, is less than zero.  Reported amounts generally consist of payments of late fees.  -->
    <interestPaidThroughDate />
    <!--  Item 3(f)(23)  Interest Paid Through Date - Reported date will be "01/01/1900" for any Receivable with a zero percent interest rate.  -->
    <currentDelinquencyStatus />
    <!--  Item 3(f)(25)  Current Delinquency Status - Reported values greater than "0" represent, for any Receivable in respect of which less than 90% of a regularly scheduled payment remains unpaid at the end of the current reporting period, the number of days from the due date of earliest of such unpaid scheduled payments to the end of the current reporting period. Reported value will be "0" for (i) any Receivable that was or became a Defaulted Receivable during the current reporting period and (ii) any Receivable that has been paid-ahead by an amount greater than or equal to the total amount of interest and principal that would otherwise be due to be paid in the current reporting period.  -->
    <chargedoffPrincipalAmount />
    <!--  Item 3(i)(1)  Charged-off Principal Amount - Reported amount greater than 0.00 represents the Principal Balance of a Defaulted Receivable immediately prior to such Receivable having become a Defaulted Receivable during the current reporting period.  -->
    <recoveredAmount />
    <!--  Item 3(i)(2)  Amounts Recovered - Represents recoveries received in respect of a Defaulted Receivable during the current reporting period, and includes amounts reported in Item 3(k)(1) - Repossession Proceeds.  -->
    <modificationTypeCode />
    <!--  Item 3(j)(1)  Modification Type - If the reported value is "1" (APR), then Item 3(f)(7) - Reporting Period Interest Rate and Item 3(f)(8) - Next Interest Rate will be updated to reflect the modification.  If the reported value is "2" (Principal), then Item 3(f)(16) - Reporting Period Ending Actual Balance and Item 3(f)(15) - Other Principal Adjustments will be updated to reflect the modification.  If the reported value is "3" (Term), then Item 3(c)(5) - Loan Maturity Date, Item 3(f)(2) - Remaining Term to Maturity and Item 3(f)(6) - Next Reporting Period Payment Amount Due will be updated to reflect the modification.  If the reported value is "4" (Extension), then Item 3(c)(5) - Loan Maturity Date, Item 3(f)(2) - Remaining Term to Maturity and Item 3(f)(6) Next reporting Period Payment Amount Due will be updated to reflect the modification.  If the reported value is "98" (Other), the due date of the related Receivable was modified in the current reporting period.  If a due date change has the effect of causing the related due date to move into a subsequent calendar month, then Item 3(c)(5) - Loan Maturity Date and Item 3(f)(2) - Remaining Term to Maturity will be updated to reflect the modification.  -->
    <repossessedIndicator />
    <!--  Item 3(k)  Repossessed - Reported value is "true" for any Receivable in respect of which the related Financed Vehicle is included in TMCC`s repossessed vehicle inventory as of the end of the current reporting period.  Reported value will be updated to "false" for any Receivable subsequently reinstated to non-repossessed status.  -->
    <repossessedProceedsAmount />
    <!--  Item 3(k)(1)  Repossession Proceeds - Represents disposition proceeds received in respect of a repossessed Financed Vehicle during the current reporting period, and includes any proceeds from auction and refunds of optional product premiums.  -->
  </assets>
</assetData>
