Exhibit 99.1
Servicer’s Certificate
for the Collection Period July 01, 2026 through July 31, 2026
for Payment Date of August 17, 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 |
33 | Actual/360 Days |
33 |
| 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 | $457,477,685.60 | 0.7426586 | $0.00 | $17,431,061.22 | $14,875,000.02 | $425,171,624.36 | 0.6902137 | |||||||||||||||||||||||||||
| 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 | $592,477,685.60 | $0.00 | $17,431,061.22 | $14,875,000.02 | $560,171,624.36 | 0.3200981 | |||||||||||||||||||||||||||||
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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 | 3.99539% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-3 | 4.88000% | $1,860,409.25 | $0.00 | $1,860,409.25 | $0.00 | $34,166,470.49 | ||||||||||||||||||||
| 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 | $2,227,690.50 | $0.00 | $2,227,690.50 | $0.00 | $34,533,751.74 | |||||||||||||||||||||
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Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
| Initial Deposit Amount |
$4,375,000.00 | Beginning Period Amount |
$22,584,276.35 | |||||||
| Specified Reserve Account Amount |
$4,375,000.00 | Increase/(Decrease) |
$(1,824,406.25 | ) | ||||||
| Beginning Balance |
$4,375,000.00 | Ending Period Amount |
$20,759,870.10 | |||||||
| Withdrawals |
$0.00 | |||||||||
| Amount Available for Deposit |
$17,319,422.43 | Overcollateralization |
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| Amount Deposited to the Reserve Account |
$0.00 | |||||||||
| Reserve Account Balance Prior to Release |
$4,375,000.00 | Adjusted Pool Balance |
$575,046,624.38 | |||||||
| Reserve Account Required Amount |
$4,375,000.00 | Total Note Balance |
$560,171,624.36 | |||||||
| 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 July 01, 2026 through July 31, 2026
for Payment Date of August 17, 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 |
33 | Actual/360 Days |
33 |
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 | 717 | 694 | 676 | 653 | |||||||||||||||
| Gross Principal of Liquidated Receivables |
$349,450.83 | $19,189,920.02 | $18,840,469.19 | $18,434,132.09 | $17,939,270.70 | |||||||||||||||
| 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 |
$3,187.53 | $(3,510,834.91 | ) | $(3,514,022.44 | ) | $(3,467,946.91 | ) | $(3,365,591.40 | ) | |||||||||||
| Recoveries on Previously Liquidated Contracts |
$(436,109.92 | ) | $(7,716,800.64 | ) | $(7,280,690.72 | ) | $(7,027,498.32 | ) | $(6,658,957.77 | ) | ||||||||||
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| Net Credit Losses |
$(83,471.56 | ) | $7,926,123.72 | $8,009,595.28 | $7,902,526.11 | $7,878,560.78 | ||||||||||||||
| Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
1.04139% | 1.00799% | 0.98184% | 0.94844% | ||||||||||||||||
| Number of Accounts with Liquidation Proceeds or Recoveries |
684 | 670 | 649 | 620 | ||||||||||||||||
| Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.69220% | 0.68633% | 0.66441% | 0.64996% | ||||||||||||||||
| Number of Assets Experiencing a Net Loss |
632 | 613 | 600 | 583 | ||||||||||||||||
| Net Credit Losses for Assets Experiencing a Loss |
$7,956,218.95 | $8,038,790.66 | $7,927,600.55 | $7,897,043.26 | ||||||||||||||||
| Average Net Loss on all assets that have Experienced a Net Loss |
$12,588.95 | $13,113.85 | $13,212.67 | $13,545.53 | ||||||||||||||||
| Cumulative Net Loss Ratio |
0.42503% | 0.42951% | 0.42377% | 0.42248% | ||||||||||||||||
| Repossessed in Current Period |
15 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
| Receivables Pool Balance |
$1,864,834,545.38 | $629,936,961.97 | $595,806,494.48 | |||||||||||||
| Number of Contracts |
68,850 | 39,595 | 38,570 | |||||||||||||
| Weighted Average APR |
6.04% | 6.22% | 6.24% | |||||||||||||
| Weighted Average Remaining Term (Months) |
54.17 | 31.98 | 31.13 | |||||||||||||
Page 2 of 5
Servicer’s Certificate
for the Collection Period July 01, 2026 through July 31, 2026
for Payment Date of August 17, 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 |
33 | Actual/360 Days |
33 |
Collections
| Principal Payments Received |
$23,522,572.37 | |||
| Prepayments in Full |
$10,232,166.28 | |||
| Interest Payments Received |
$3,289,160.90 | |||
| Aggregate Net Liquidation Proceeds |
$432,922.39 | |||
| Interest on Repurchased Contracts |
$21.67 | |||
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| Total Collections |
$37,476,843.61 | |||
| Principal of Repurchased Contracts |
$26,278.01 | |||
| Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
| Adjustment on Repurchased Contracts |
$0.00 | |||
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| Total Repurchased Amount |
$26,278.01 | |||
| Total Available Collections |
$37,503,121.62 |
Distributions
| Calculated Amount |
Amount Paid |
Shortfall | ||||||||
| Servicing Fee |
$524,947.47 | $524,947.47 | $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 |
$0.00 | $0.00 | $0.00 | |||||||
| Interest - Class A-2b Notes |
$0.00 | $0.00 | $0.00 | |||||||
| Interest - Class A-3 Notes |
$1,860,409.25 | $1,860,409.25 | $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 |
$17,431,061.22 | $17,431,061.22 | $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 |
$2,444,422.41 | $2,444,422.41 | N/A | |||||||
Page 3 of 5
Servicer’s Certificate
for the Collection Period July 01, 2026 through July 31, 2026
for Payment Date of August 17, 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 |
33 | Actual/360 Days |
33 |
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 |
$1,860,409.25 | $3.02 | $32,306,061.24 | $52.44 | $34,166,470.49 | $55.46 | ||||||||||||||||||||||||||||
| 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 |
0.85% | 328 | 1.23% | $7,356,566.41 | ||||||||||||
| 60-89 Days Delinquent |
0.29% | 113 | 0.43% | $2,543,231.47 | ||||||||||||
| 90-119 Days Delinquent |
0.09% | 33 | 0.11% | $679,602.18 | ||||||||||||
| 120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
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| Total Delinquencies |
1.23% | 474 | 1.77% | $10,579,400.06 | ||||||||||||
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| Total Delinquencies - Prior Period |
1.25% | 1.81% | ||||||||||||||
| Total Delinquencies - Two Months Prior |
1.17% | 1.69% | ||||||||||||||
| Total Delinquencies - Three Months Prior |
1.03% | 1.47% | ||||||||||||||
| Receivables Pool Balance |
$595,806,494.48 | |||||||||||||||
| 60-Day Delinquency Percentage |
0.54% | |||||||||||||||
| Delinquency Trigger Percentage |
4.95% | |||||||||||||||
| Has a Delinquency Trigger occurred in this Collection Period? No |
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| Repossessed Vehicle Inventory* |
18 vehicles | |||||||||||||||
| * Included with Delinquencies Above |
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Page 4 of 5
Servicer’s Certificate
for the Collection Period July 01, 2026 through July 31, 2026
for Payment Date of August 17, 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