Registration Nos. 333-281727 and 333-281727-08

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________

STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939
OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

Check if an application to determine eligibility of a Trustee

pursuant to Section 305 (b)(2) X

_______________________

(Exact name of trustee as specified in its charter)

A National Banking Association

(Jurisdiction of Incorporation or organization
if not a U.S. national bank)

(I.R.S. Employer Identification No.)

399 Park Ave., New York, NY

(Address of principal executive office)

Citibank, N.A.
388 Greenwich St.
New York, NY 10013
(212) 816 -4936

(Name, address and telephone number of agent for service)

Toyota Auto Receivables 2026-D Owner Trust

(Exact name of obligor as specified in its charter)

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification Number)

c/o Toyota Motor Credit Corporation

6565 Headquarters Drive, W2-3D

(Address of principal executive offices)

_________________________

(Title of the indenture securities)

Item 1. General Information.

Furnish the following information as to the trustee:

Name and address of each examining or supervising authority to which it is subject.

Comptroller of the Currency

Federal Reserve Bank of New York

Federal Deposit Insurance Corporation

Whether it is authorized to exercise corporate trust powers.

Item 2. Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

Items 3. -15. Not Applicable

Item 16. List of Exhibits.

List below all exhibits filed as a part of this Statement of Eligibility.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as exhibits hereto.

Exhibit 1 - Copy of Articles of Association of the Trustee, as now in effect (Exhibit 1 to T-1 to Registration Statement No. 2-79983).

Exhibit 2 - Copy of certificate of authority of the Trustee to commence business (Exhibit 2 to T-1 to Registration Statement No. 2-29577).

Exhibit 3 - Copy of authorization of the Trustee to exercise corporate trust powers (Exhibit 3 to T-1 to Registration Statement No. 2-55519).

Exhibit 4 - Copy of existing By-Laws of the Trustee (Exhibit 4 to T-1 to Registration Statement No. 33-34988).

Exhibit 5 - Not applicable.

Exhibit 6 - The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939 (Exhibit 6 to T-1 to Registration Statement No. 33-19227).

Exhibit 7 - Copy of the latest Report of Condition of Citibank, N.A. (as of June 30, 2026 - attached).

Exhibit 8 - Not applicable.

Exhibit 9 - Not applicable.

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, Citibank, N.A., a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York and State of New York, on the 5th day of October, 2026.

Senior Trust Officer

Exhibit 7

CONSOLIDATED BALANCE SHEET

Citigroup Inc. and Subsidiaries

		June 30,
		2026		December 31,
In millions of dollars		(Unaudited)		2025
Assets
Cash and due from banks (including segregated cash and other deposits)	$	24,663		$	23,717
Deposits with banks, net of allowance		341,750			325,862
Securities borrowed and purchased under agreements to resell (including $214,711 and $206,110 as of
June 30, 2026 and December 31, 2025, respectively, at fair value), net of allowance		404,655			356,195
Brokerage receivables, net of allowance		83,322			62,679
Trading account assets (including $283,649 and $228,816 pledged to creditors as of June 30, 2026 and
December 31, 2025, respectively)		634,356			537,139
Investments:
Available-for-sale debt securities (including $7,136 and $4,931 pledged to creditors as of June 30,
2026 and December 31, 2025, respectively)		286,765			246,720
Held-to-maturity debt securities, net of allowance (fair value of which is $157,524 and $179,520 as of
June 30, 2026 and December 31, 2025, respectively) (includes $125 and $70 pledged to creditors as
of June 30, 2026 and December 31, 2025, respectively)		167,893			189,831
Equity securities (including $538 and $921 as of June 30, 2026 and December 31, 2025, respectively,
at fair value)		8,263			7,678
Total investments	$	462,921		$	444,229
Loans:
Consumer (including $26 and $51 as of June 30, 2026 and December 31, 2025, respectively, at fair
value)		416,520			408,533
Corporate (including $8,204 and $6,804 as of June 30, 2026 and December 31, 2025, respectively, at
fair value)		377,138			343,697
Loans, net of unearned income	$	793,658		$	752,230
Allowance for credit losses on loans (ACLL)		(19,961	)		(19,247	)
Total loans, net	$	773,697		$	732,983
Goodwill		19,012			19,098
Intangible assets (including MSRs of $788 and $759 as of June 30, 2026 and December 31, 2025,
respectively)		5,004			4,284
Premises and equipment, net of depreciation and amortization		33,897			33,339
Other assets (including $16,460 and $15,840 as of June 30, 2026 and December 31, 2025, respectively,
at fair value), net of allowance		111,377			117,677
Total assets	$	2,894,654		$	2,657,202

Statement continues on the next page.

CONSOLIDATED BALANCE SHEET

(Continued)

Citigroup Inc. and Subsidiaries

	June 30,
	2026			December 31,
In millions of dollars, except shares and par value per share amounts	(Unaudited)			2025
Liabilities
Deposits (including $4,873 and $4,222 as of June 30, 2026 and December 31, 2025, respectively, at fair value)	$	1,492,607		$	1,403,573
Securities loaned and sold under agreements to repurchase (including $150,621 and $199,422 as of June 30, 2026 and December 31, 2025, respectively, at fair value)		411,126			348,098
Brokerage payables (including $3,210 and $5,492 as of June 30, 2026 and December 31, 2025, respectively, at fair value)		116,076			74,836
Trading account liabilities		187,193			162,798
Short-term borrowings (including $27,017 and $21,567 as of June 30, 2026 and December 31, 2025, respectively, at fair value)		68,978			51,878
Long-term debt (including $143,494 and $130,726 as of June 30, 2026 and December 31, 2025, respectively, at fair value)		333,749			315,827
Other liabilities, plus allowances		70,475			86,370
Total liabilities	$	2,680,204		$	2,443,380
Stockholders’ equity
Preferred stock ($1.00 par value; authorized shares: 30 million), issued shares: as of June 30, 2026—782,000 and as of December 31, 2025—802,000, at aggregate liquidation value	$	19,550		$	20,050
Common stock ($0.01 par value; authorized shares: 6 billion), issued shares: as of June 30, 2026—3,099,786,399 and as of December 31, 2025—3,099,752,593		31			31
Additional paid-in capital		107,343			108,452
Retained earnings		223,989			215,128
Treasury stock, at cost: June 30, 2026—1,422,349,616 shares and December 31, 2025—1,352,205,592 shares		(99,398	)		(89,473	)
Accumulated other comprehensive income (loss) (AOCI)		(39,500	)		(41,897	)
Total Citigroup stockholders’ equity	$	212,015		$	212,291
Noncontrolling interests—equity (NCI—equity)		2,435			1,531
Total equity	$	214,450		$	213,822
Total liabilities and equity	$	2,894,654		$	2,657,202

The Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

Delaware	95-3775816
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)

c/o Toyota Motor Credit Corporation 6565 Headquarters Drive, W2-3D Plano, Texas	75024
(Address of principal executive offices)	(Zip Code)

A National Banking Association	13-5266470
(Jurisdiction of Incorporation or organization if not a U.S. national bank)	(I.R.S. Employer Identification No.)

399 Park Ave., New York, NY	10043
(Address of principal executive office)	(Zip Code)

	Danny Lee Citibank, N.A. 388 Greenwich St. New York, NY 10013 (212) 816 -4936 (Name, address and telephone number of agent for service)
Toyota Auto Receivables 2026-D Owner Trust (Exact name of obligor as specified in its charter)