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-C 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 | $383,000,000.00 | 8/15/25 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2a | $358,000,000.00 | 5/17/27 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2b | $258,000,000.00 | 5/17/27 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-3 | $616,000,000.00 | 3/15/29 | $525,780,586.29 | 0.8535399 | $0.00 | $19,229,213.14 | $14,875,000.02 | $491,676,373.13 | 0.7981759 | |||||||||||||||||||||||||||
| A-4 | $91,250,000.00 | 11/15/29 | $91,250,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $91,250,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $43,750,000.00 | 2/18/31 | $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 | $660,780,586.29 | $0.00 | $19,229,213.14 | $14,875,000.02 | $626,676,373.13 | 0.3581008 | |||||||||||||||||||||||||||||
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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 | 5.47100% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2a | 5.16000% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2b | 4.01285% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-3 | 4.88000% | $2,138,174.38 | $0.00 | $2,138,174.38 | $0.00 | $36,242,387.54 | ||||||||||||||||||||
| A-4 | 4.83000% | $367,281.25 | $0.00 | $367,281.25 | $0.00 | $367,281.25 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
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| Total | $2,505,455.63 | $0.00 | $2,505,455.63 | $0.00 | $36,609,668.79 | |||||||||||||||||||||
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Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
| Initial Deposit Amount |
$4,375,000.00 | Beginning Period Amount |
$26,627,295.23 | |||||||
| Specified Reserve Account Amount |
$4,375,000.00 | Increase/(Decrease) |
$(2,078,803.26 | ) | ||||||
| Beginning Balance |
$4,375,000.00 | Ending Period Amount |
$24,548,491.97 | |||||||
| Withdrawals |
$0.00 | |||||||||
| Amount Available for Deposit |
$17,376,861.02 | Overcollateralization | ||||||||
| Amount Deposited to the Reserve Account |
$0.00 | |||||||||
| Reserve Account Balance Prior to Release |
$4,375,000.00 | Adjusted Pool Balance |
$641,551,373.15 | |||||||
| Reserve Account Required Amount |
$4,375,000.00 | Total Note Balance |
$626,676,373.13 | |||||||
| Reserve Account Release to Seller |
$0.00 | Ending Overcollateralization Amount |
$14,875,000.02 | |||||||
| Ending Reserve Account Balance |
$4,375,000.00 | Overcollateralization Target Amount |
$14,875,000.02 | |||||||
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-C 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 |
23 | 676 | 653 | 630 | 595 | |||||||||||||||
| Gross Principal of Liquidated Receivables |
$494,861.39 | $18,434,132.09 | $17,939,270.70 | $17,495,354.55 | $16,673,369.84 | |||||||||||||||
| Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(36,160.75 | ) | $(36,160.75 | ) | $(36,160.75 | ) | $(36,160.75 | ) | |||||||||||
| Net Liquidation Proceeds Received During the Collection Period |
$(102,355.51 | ) | $(3,467,946.91 | ) | $(3,365,591.40 | ) | $(3,252,396.47 | ) | $(3,106,051.84 | ) | ||||||||||
| Recoveries on Previously Liquidated Contracts |
$(368,540.55 | ) | $(7,027,498.32 | ) | $(6,658,957.77 | ) | $(6,412,039.23 | ) | $(6,032,880.38 | ) | ||||||||||
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| Net Credit Losses |
$23,965.33 | $7,902,526.11 | $7,878,560.78 | $7,794,758.10 | $7,498,276.87 | |||||||||||||||
| Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.98184% | 0.94844% | 0.91503% | 0.86420% | ||||||||||||||||
| Number of Accounts with Liquidation Proceeds or Recoveries |
649 | 620 | 598 | 569 | ||||||||||||||||
| Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.66441% | 0.64996% | 0.63098% | 0.59560% | ||||||||||||||||
| Number of Assets Experiencing a Net Loss |
600 | 583 | 565 | 537 | ||||||||||||||||
| Net Credit Losses for Assets Experiencing a Loss |
$7,927,600.55 | $7,897,043.26 | $7,811,909.08 | $7,513,953.41 | ||||||||||||||||
| Average Net Loss on all assets that have Experienced a Net Loss |
$13,212.67 | $13,545.53 | $13,826.39 | $13,992.46 | ||||||||||||||||
| Cumulative Net Loss Ratio |
0.42377% | 0.42248% | 0.41799% | 0.40209% | ||||||||||||||||
| Repossessed in Current Period |
8 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
| Receivables Pool Balance |
$1,864,834,545.38 | $702,282,881.54 | $666,099,865.12 | |||||||||||||
| Number of Contracts |
68,850 | 41,709 | 40,661 | |||||||||||||
| Weighted Average APR |
6.04% | 6.19% | 6.21% | |||||||||||||
| Weighted Average Remaining Term (Months) |
54.17 | 33.66 | 32.82 | |||||||||||||
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-C 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 |
$23,963,346.15 | |||
| Prepayments in Full |
$11,724,324.43 | |||
| Interest Payments Received |
$3,537,493.67 | |||
| Aggregate Net Liquidation Proceeds |
$470,896.06 | |||
| Interest on Repurchased Contracts |
$220.76 | |||
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| Total Collections |
$39,696,281.07 | |||
| Principal of Repurchased Contracts |
$484.45 | |||
| Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
| Adjustment on Repurchased Contracts |
$0.00 | |||
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| Total Repurchased Amount |
$484.45 | |||
| Total Available Collections |
$39,696,765.52 |
Distributions
| Calculated Amount | Amount Paid | Shortfall | ||||||||||
| Servicing Fee |
$585,235.73 | $585,235.73 | $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 |
$2,138,174.38 | $2,138,174.38 | $0.00 | |||||||||
| Interest - Class A-4 Notes |
$367,281.25 | $367,281.25 | $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 |
$19,229,213.14 | $19,229,213.14 | $0.00 | |||||||||
| Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||||
| Regular Principal Distribution Amount |
$14,875,000.02 | $14,875,000.02 | $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 |
$2,501,861.00 | $2,501,861.00 | 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-C 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 |
$2,138,174.38 | $3.47 | $34,104,213.16 | $55.36 | $36,242,387.54 | $58.83 | ||||||||||||||||||||||||||||
| Class A-4 Notes |
$367,281.25 | $4.03 | $0.00 | $0.00 | $367,281.25 | $4.03 | ||||||||||||||||||||||||||||
| 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 |
0.88% | 357 | 1.29% | $8,592,132.63 | ||||||||||||
| 60-89 Days Delinquent |
0.22% | 91 | 0.30% | $2,020,706.51 | ||||||||||||
| 90-119 Days Delinquent |
0.07% | 29 | 0.10% | $686,223.01 | ||||||||||||
| 120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
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| Total Delinquencies |
1.17% | 477 | 1.69% | $11,299,062.15 | ||||||||||||
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| Total Delinquencies - Prior Period |
1.03% | 1.47% | ||||||||||||||
| Total Delinquencies - Two Months Prior |
1.02% | 1.40% | ||||||||||||||
| Total Delinquencies - Three Months Prior |
1.07% | 1.50% | ||||||||||||||
| Receivables Pool Balance |
$666,099,865.12 | |||||||||||||||
| 60-Day Delinquency Percentage |
0.41% | |||||||||||||||
| Delinquency Trigger Percentage |
4.95% | |||||||||||||||
| Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
| Repossessed Vehicle Inventory* |
10 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-C 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