Exhibit 99.1
Servicer’s Certificate
for the Collection Period September 01, 2026 through September 30, 2026
for Payment Date of October 15, 2026
Toyota Auto Receivables 2023-C Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
30 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
30 | Actual/360 Days |
30 |
| 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 | $305,000,000.00 | 8/15/24 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2a | $405,026,000.00 | 8/17/26 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2b | $189,474,000.00 | 8/17/26 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-3 | $527,500,000.00 | 4/17/28 | $105,144,945.82 | 0.1993269 | $0.00 | $5,970,344.92 | $13,600,053.41 | $85,574,547.49 | 0.1622266 | |||||||||||||||||||||||||||
| A-4 | $133,000,000.00 | 2/15/29 | $133,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $133,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $40,000,000.00 | 3/15/30 | $40,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $40,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
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| Total | $1,600,000,000.00 | $278,144,945.82 | $0.00 | $5,970,344.92 | $13,600,053.41 | $258,574,547.49 | 0.1616091 | |||||||||||||||||||||||||||||
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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 | 5.60400% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2a | 5.60000% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2b | 4.04850% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-3 | 5.16000% | $452,123.27 | $0.00 | $452,123.27 | $0.00 | $20,022,521.60 | ||||||||||||||||||||
| A-4 | 5.01000% | $555,275.00 | $0.00 | $555,275.00 | $0.00 | $555,275.00 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
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| Total | $1,007,398.27 | $0.00 | $1,007,398.27 | $0.00 | $20,577,796.60 | |||||||||||||||||||||
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Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
| Initial Deposit Amount |
$4,000,015.71 | Beginning Period Amount |
$12,569,398.82 | |||||||
| Specified Reserve Account Amount |
$4,000,015.71 | Increase/(Decrease) |
$(1,276,204.99 | ) | ||||||
| Beginning Balance |
$4,000,015.71 | Ending Period Amount |
$11,293,193.83 | |||||||
| Withdrawals |
$0.00 | |||||||||
| Amount Available for Deposit |
$14,992,947.69 | Overcollateralization | ||||||||
| Amount Deposited to the Reserve Account |
$0.00 | |||||||||
| Reserve Account Balance Prior to Release |
$4,000,015.71 | Adjusted Pool Balance |
$272,174,600.90 | |||||||
| Reserve Account Required Amount |
$4,000,015.71 | Total Note Balance |
$258,574,547.49 | |||||||
| Reserve Account Release to Seller |
$0.00 | Ending Overcollateralization Amount |
$13,600,053.41 | |||||||
| Ending Reserve Account Balance |
$4,000,015.71 | Overcollateralization Target Amount |
$13,600,053.41 | |||||||
Page 1 of 5
Servicer’s Certificate
for the Collection Period September 01, 2026 through September 30, 2026
for Payment Date of October 15, 2026
Toyota Auto Receivables 2023-C Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
30 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
30 | Actual/360 Days |
30 |
Liquidations of Charge-offs and Repossessions
| Cumulative | ||||||||||||||||||||
| Current Period Only | Current Period | Prior Period | Two Periods Prior | Three Periods Prior | ||||||||||||||||
| Number of Liquidated Receivables |
14 | 1,083 | 1,069 | 1,048 | 1,028 | |||||||||||||||
| Gross Principal of Liquidated Receivables |
$219,705.91 | $26,595,394.72 | $26,375,688.81 | $26,055,934.09 | $25,655,437.07 | |||||||||||||||
| Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(106,587.98 | ) | $(106,587.98 | ) | $(106,587.98 | ) | $(106,587.98 | ) | |||||||||||
| Net Liquidation Proceeds Received During the Collection Period |
$5,729.21 | $(2,949,341.59 | ) | $(2,955,070.80 | ) | $(2,935,364.84 | ) | $(2,910,726.31 | ) | |||||||||||
| Recoveries on Previously Liquidated Contracts |
$(328,099.88 | ) | $(12,914,201.76 | ) | $(12,586,101.88 | ) | $(12,276,591.60 | ) | $(12,076,511.65 | ) | ||||||||||
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| Net Credit Losses |
$(102,664.76 | ) | $10,625,263.39 | $10,727,928.15 | $10,737,389.67 | $10,561,611.13 | ||||||||||||||
| Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
1.64750% | 1.62620% | 1.59426% | 1.56383% | ||||||||||||||||
| Number of Accounts with Liquidation Proceeds or Recoveries |
1,047 | 1,029 | 1,006 | 988 | ||||||||||||||||
| Ratio of Aggregate Net Losses to Average Portfolio Balance |
1.16334% | 1.15364% | 1.13404% | 1.09555% | ||||||||||||||||
| Number of Assets Experiencing a Net Loss |
939 | 933 | 917 | 905 | ||||||||||||||||
| Net Credit Losses for Assets Experiencing a Loss |
$10,695,148.84 | $10,789,232.43 | $10,789,512.97 | $10,610,744.20 | ||||||||||||||||
| Average Net Loss on all assets that have Experienced a Net Loss |
$11,389.93 | $11,564.02 | $11,766.10 | $11,724.58 | ||||||||||||||||
| Cumulative Net Loss Ratio |
0.59636% | 0.60212% | 0.60266% | 0.59279% | ||||||||||||||||
| Repossessed in Current Period |
11 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
| Receivables Pool Balance |
$1,781,678,265.26 | $304,314,398.05 | $283,467,794.73 | |||||||||||||
| Number of Contracts |
65,736 | 29,281 | 28,151 | |||||||||||||
| Weighted Average APR |
4.64% | 5.07% | 5.10% | |||||||||||||
| Weighted Average Remaining Term (Months) |
55.40 | 22.22 | 21.44 | |||||||||||||
Page 2 of 5
Servicer’s Certificate
for the Collection Period September 01, 2026 through September 30, 2026
for Payment Date of October 15, 2026
Toyota Auto Receivables 2023-C Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
30 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
30 | Actual/360 Days |
30 |
Collections
| Principal Payments Received |
$16,235,599.97 | |||
| Prepayments in Full |
$4,391,297.44 | |||
| Interest Payments Received |
$1,275,018.13 | |||
| Aggregate Net Liquidation Proceeds |
$322,370.67 | |||
| Interest on Repurchased Contracts |
$0.00 | |||
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| Total Collections |
$22,224,286.21 | |||
| 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 |
$22,224,286.21 |
Distributions
| Calculated Amount |
Amount Paid |
Shortfall | ||||||||
| Servicing Fee |
$253,595.33 | $253,595.33 | $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 |
$452,123.27 | $452,123.27 | $0.00 | |||||||
| Interest - Class A-4 Notes |
$555,275.00 | $555,275.00 | $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 |
$5,970,344.92 | $5,970,344.92 | $0.00 | |||||||
| Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||
| Regular Principal Distribution Amount |
$13,600,053.41 | $13,600,053.41 | $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 |
$1,392,894.28 | $1,392,894.28 | N/A | |||||||
Page 3 of 5
Servicer’s Certificate
for the Collection Period September 01, 2026 through September 30, 2026
for Payment Date of October 15, 2026
Toyota Auto Receivables 2023-C Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
| Collection Period |
30 | 30/360 Days |
30 | |||||
| Interest Accrual Period |
30 | Actual/360 Days |
30 |
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 |
$452,123.27 | $0.86 | $19,570,398.33 | $37.10 | $20,022,521.60 | $37.96 | ||||||||||||||||||||||||||||
| Class A-4 Notes |
$555,275.00 | $4.18 | $0.00 | $0.00 | $555,275.00 | $4.18 | ||||||||||||||||||||||||||||
| 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 |
1.26% | 354 | 1.92% | $5,450,657.11 | ||||||||||||
| 60-89 Days Delinquent |
0.49% | 137 | 0.81% | $2,297,421.36 | ||||||||||||
| 90-119 Days Delinquent |
0.13% | 37 | 0.23% | $644,062.59 | ||||||||||||
| 120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
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| Total Delinquencies |
1.88% | 528 | 2.96% | $8,392,141.06 | ||||||||||||
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| Total Delinquencies - Prior Period |
1.72% | 2.83% | ||||||||||||||
| Total Delinquencies - Two Months Prior |
1.60% | 2.55% | ||||||||||||||
| Total Delinquencies - Three Months Prior |
1.49% | 2.42% | ||||||||||||||
| Receivables Pool Balance |
$283,467,794.73 | |||||||||||||||
| 60-Day Delinquency Percentage |
1.04% | |||||||||||||||
| Delinquency Trigger Percentage |
4.65% | |||||||||||||||
| Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
| Repossessed Vehicle Inventory* |
13 vehicles | |||||||
| * Included with Delinquencies Above |
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Page 4 of 5
Servicer’s Certificate
for the Collection Period September 01, 2026 through September 30, 2026
for Payment Date of October 15, 2026
Toyota Auto Receivables 2023-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