Exhibit 99.1
Servicer’s Certificate
for the Collection Period May 01, 2026 through May 31, 2026
for Payment Date of June 15, 2026
Toyota Auto Receivables 2024-A Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
31 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
31 | Actual/360 Days |
31 |
| 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 | $362,100,000.04 | 0.5747619 | $0.00 | $13,671,787.10 | $14,875,000.06 | $333,553,212.88 | 0.5294495 | |||||||||||||||||||||||||||
| 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 | $507,100,000.04 | $0.00 | $13,671,787.10 | $14,875,000.06 | $478,553,212.88 | 0.2734590 | |||||||||||||||||||||||||||||
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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 | 3.99285% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-3 | 4.83000% | $1,457,452.50 | $0.00 | $1,457,452.50 | $0.00 | $30,004,239.66 | ||||||||||||||||||||
| 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 | $1,859,921.25 | $0.00 | $1,859,921.25 | $0.00 | $30,406,708.41 | |||||||||||||||||||||
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Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
| Initial Deposit Amount |
$4,375,000.02 | Beginning Period Amount |
$24,115,320.40 | |||||||
| Specified Reserve Account Amount |
$4,375,000.02 | Increase/(Decrease) |
$(2,032,197.68 | ) | ||||||
| Beginning Balance |
$4,375,000.02 | Ending Period Amount |
$22,083,122.72 | |||||||
| Withdrawals |
$0.00 | |||||||||
| Amount Available for Deposit |
$16,993,535.54 | Overcollateralization | ||||||||
| Amount Deposited to the Reserve Account |
$0.00 | |||||||||
| Reserve Account Balance Prior to Release |
$4,375,000.02 | Adjusted Pool Balance |
$493,428,212.94 | |||||||
| Reserve Account Required Amount |
$4,375,000.02 | Total Note Balance |
$478,553,212.88 | |||||||
| 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 May 01, 2026 through May 31, 2026
for Payment Date of June 15, 2026
Toyota Auto Receivables 2024-A Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
31 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
31 | Actual/360 Days |
31 |
Liquidations of Charge-offs and Repossessions
| Cumulative | ||||||||||||||||||||
| Current Period Only | Current Period | Prior Period | Two Periods Prior | Three Periods Prior | ||||||||||||||||
| Number of Liquidated Receivables |
20 | 954 | 934 | 918 | 896 | |||||||||||||||
| Gross Principal of Liquidated Receivables |
$484,319.79 | $24,057,214.30 | $23,572,894.51 | $23,146,566.80 | $22,669,291.55 | |||||||||||||||
| 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 |
$(70,707.85 | ) | $(3,446,323.01 | ) | $(3,375,615.16 | ) | $(3,218,860.80 | ) | $(3,145,260.68 | ) | ||||||||||
| Recoveries on Previously Liquidated Contracts |
$(313,891.29 | ) | $(10,800,968.05 | ) | $(10,487,076.76 | ) | $(10,209,602.08 | ) | $(9,786,779.47 | ) | ||||||||||
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| Net Credit Losses |
$99,720.65 | $9,796,225.22 | $9,696,504.57 | $9,704,405.90 | $9,723,553.38 | |||||||||||||||
| Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
1.33006% | 1.30218% | 1.27987% | 1.24920% | ||||||||||||||||
| Number of Accounts with Liquidation Proceeds or Recoveries |
922 | 909 | 882 | 856 | ||||||||||||||||
| Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.87630% | 0.85156% | 0.83670% | 0.82310% | ||||||||||||||||
| Number of Assets Experiencing a Net Loss |
822 | 807 | 796 | 784 | ||||||||||||||||
| Net Credit Losses for Assets Experiencing a Loss |
$9,841,792.91 | $9,737,803.38 | $9,743,962.50 | $9,759,702.37 | ||||||||||||||||
| Average Net Loss on all assets that have Experienced a Net Loss |
$11,972.98 | $12,066.67 | $12,241.16 | $12,448.60 | ||||||||||||||||
| Cumulative Net Loss Ratio |
0.51330% | 0.50808% | 0.50849% | 0.50950% | ||||||||||||||||
| Repossessed in Current Period |
7 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
| Receivables Pool Balance |
$1,908,468,799.65 | $546,090,320.50 | $515,511,335.66 | |||||||||||||
| Number of Contracts |
71,726 | 38,773 | 37,746 | |||||||||||||
| Weighted Average APR |
5.37% | 5.64% | 5.67% | |||||||||||||
| Weighted Average Remaining Term (Months) |
54.51 | 29.10 | 28.30 | |||||||||||||
Page 2 of 5
Servicer’s Certificate
for the Collection Period May 01, 2026 through May 31, 2026
for Payment Date of June 15, 2026
Toyota Auto Receivables 2024-A Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
31 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
31 | Actual/360 Days |
31 |
Collections
| Principal Payments Received |
$21,993,096.74 | |||
| Prepayments in Full |
$8,101,568.31 | |||
| Interest Payments Received |
$2,501,054.97 | |||
| Aggregate Net Liquidation Proceeds |
$384,599.14 | |||
| Interest on Repurchased Contracts |
$0.00 | |||
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| Total Collections |
$32,980,319.16 | |||
| 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 |
$32,980,319.16 |
Distributions
| Calculated Amount |
Amount Paid |
Shortfall | ||||||||
| Servicing Fee |
$455,075.27 | $455,075.27 | $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 |
$1,457,452.50 | $1,457,452.50 | $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 |
$13,671,787.10 | $13,671,787.10 | $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 |
$2,118,535.48 | $2,118,535.48 | N/A | |||||||
Page 3 of 5
Servicer’s Certificate
for the Collection Period May 01, 2026 through May 31, 2026
for Payment Date of June 15, 2026
Toyota Auto Receivables 2024-A Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
31 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
31 | Actual/360 Days |
31 |
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 |
$1,457,452.50 | $2.31 | $28,546,787.16 | $45.31 | $30,004,239.66 | $47.62 | ||||||||||||||||||||||||||||
| 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 |
1.06% | 401 | 1.55% | $7,991,348.74 | ||||||||||||
| 60-89 Days Delinquent |
0.35% | 131 | 0.54% | $2,778,228.71 | ||||||||||||
| 90-119 Days Delinquent |
0.10% | 37 | 0.15% | $749,800.62 | ||||||||||||
| 120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
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| Total Delinquencies |
1.51% | 569 | 2.24% | $11,519,378.07 | ||||||||||||
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| Total Delinquencies - Prior Period |
1.29% | 1.96% | ||||||||||||||
| Total Delinquencies - Two Months Prior |
1.28% | 1.91% | ||||||||||||||
| Total Delinquencies - Three Months Prior |
1.33% | 2.06% | ||||||||||||||
| Receivables Pool Balance |
$515,511,335.66 | |||||||||||||||
| 60-Day Delinquency Percentage |
0.68% | |||||||||||||||
| Delinquency Trigger Percentage |
4.65% | |||||||||||||||
| Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
| Repossessed Vehicle Inventory* |
7 vehicles | |||||||
| * Included with Delinquencies Above |
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Page 4 of 5
Servicer’s Certificate
for the Collection Period May 01, 2026 through May 31, 2026
for Payment Date of June 15, 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/ Adam Stam | ||
| Name: | Adam Stam | |
| Title: | General Manager - Treasury | |
Page 5 of 5