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-D 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 | $310,000,000.00 | 11/15/24 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2a | $312,300,000.00 | 11/16/26 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2b | $312,300,000.00 | 11/16/26 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-3 | $554,400,000.00 | 8/15/28 | $213,086,924.92 | 0.3843559 | $0.00 | $8,150,930.92 | $13,600,024.69 | $191,335,969.31 | 0.3451226 | |||||||||||||||||||||||||||
| A-4 | $71,000,000.00 | 3/15/29 | $71,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $71,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $40,000,000.00 | 6/17/30 | $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 | $324,086,924.92 | $0.00 | $8,150,930.92 | $13,600,024.69 | $302,335,969.31 | 0.1889600 | |||||||||||||||||||||||||||||
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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 | 5.80000% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2b | 4.19850% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-3 | 5.54000% | $983,751.30 | $0.00 | $983,751.30 | $0.00 | $22,734,706.91 | ||||||||||||||||||||
| A-4 | 5.49000% | $324,825.00 | $0.00 | $324,825.00 | $0.00 | $324,825.00 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
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| Total | $1,308,576.30 | $0.00 | $1,308,576.30 | $0.00 | $23,059,531.91 | |||||||||||||||||||||
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Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
| Initial Deposit Amount |
$4,000,007.26 | Beginning Period Amount |
$15,298,528.48 | |||||||
| Specified Reserve Account Amount |
$4,000,007.26 | Increase/(Decrease) |
$(1,494,098.13 | ) | ||||||
| Beginning Balance |
$4,000,007.26 | Ending Period Amount |
$13,804,430.35 | |||||||
| Withdrawals |
$0.00 | |||||||||
| Amount Available for Deposit |
$15,093,972.83 | Overcollateralization | ||||||||
| Amount Deposited to the Reserve Account |
$0.00 | |||||||||
| Reserve Account Balance Prior to Release |
$4,000,007.26 | Adjusted Pool Balance |
$315,935,994.00 | |||||||
| Reserve Account Required Amount |
$4,000,007.26 | Total Note Balance |
$302,335,969.31 | |||||||
| Reserve Account Release to Seller |
$0.00 | Ending Overcollateralization Amount |
$13,600,024.69 | |||||||
| Ending Reserve Account Balance |
$4,000,007.26 | Overcollateralization Target Amount |
$13,600,024.69 | |||||||
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-D 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 |
20 | 1,005 | 985 | 965 | 942 | |||||||||||||||
| Gross Principal of Liquidated Receivables |
$294,248.70 | $25,165,024.82 | $24,870,776.12 | $24,494,828.24 | $24,074,484.78 | |||||||||||||||
| Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(82,659.37 | ) | $(82,659.37 | ) | $(82,659.37 | ) | $(82,659.37 | ) | |||||||||||
| Net Liquidation Proceeds Received During the Collection Period |
$(15,534.89 | ) | $(3,763,517.93 | ) | $(3,747,983.04 | ) | $(3,754,874.73 | ) | $(3,710,617.69 | ) | ||||||||||
| Recoveries on Previously Liquidated Contracts |
$(280,288.01 | ) | $(11,489,388.31 | ) | $(11,209,100.30 | ) | $(11,008,850.19 | ) | $(10,731,866.50 | ) | ||||||||||
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| Net Credit Losses |
$(1,574.20 | ) | $9,829,459.21 | $9,831,033.41 | $9,648,443.95 | $9,549,341.22 | ||||||||||||||
| Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
1.53656% | 1.50598% | 1.47540% | 1.44023% | ||||||||||||||||
| Number of Accounts with Liquidation Proceeds or Recoveries |
977 | 950 | 928 | 907 | ||||||||||||||||
| Ratio of Aggregate Net Losses to Average Portfolio Balance |
1.04204% | 1.02319% | 0.98584% | 0.95789% | ||||||||||||||||
| Number of Assets Experiencing a Net Loss |
864 | 852 | 837 | 819 | ||||||||||||||||
| Net Credit Losses for Assets Experiencing a Loss |
$9,889,880.55 | $9,880,907.04 | $9,698,132.28 | $9,591,706.29 | ||||||||||||||||
| Average Net Loss on all assets that have Experienced a Net Loss |
$11,446.62 | $11,597.31 | $11,586.78 | $11,711.49 | ||||||||||||||||
| Cumulative Net Loss Ratio |
0.55401% | 0.55410% | 0.54381% | 0.53822% | ||||||||||||||||
| Repossessed in Current Period |
11 vehicles | |||||||||||||||||||
Pool Data
| Original | Prior Month | Current Month | ||||||||||||||
| Receivables Pool Balance |
$1,774,239,151.48 | $352,985,478.09 | $329,740,424.35 | |||||||||||||
| Number of Contracts |
65,406 | 31,000 | 29,924 | |||||||||||||
| Weighted Average APR |
5.10% | 5.49% | 5.52% | |||||||||||||
| Weighted Average Remaining Term (Months) |
54.72 | 24.08 | 23.30 | |||||||||||||
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-D 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 |
$17,364,077.38 | |||
| Prepayments in Full |
$5,550,256.49 | |||
| Interest Payments Received |
$1,600,778.19 | |||
| Aggregate Net Liquidation Proceeds |
$295,822.90 | |||
| Interest on Repurchased Contracts |
$228.49 | |||
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| Total Collections |
$24,811,163.45 | |||
| Principal of Repurchased Contracts |
$36,471.17 | |||
| Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
| Adjustment on Repurchased Contracts |
$0.00 | |||
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| Total Repurchased Amount |
$36,471.17 | |||
| Total Available Collections |
$24,847,634.62 |
Distributions
| Calculated Amount |
Amount Paid |
Shortfall | ||||||||
| Servicing Fee |
$294,154.57 | $294,154.57 | $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 |
$983,751.30 | $983,751.30 | $0.00 | |||||||
| Interest - Class A-4 Notes |
$324,825.00 | $324,825.00 | $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 |
$8,150,930.92 | $8,150,930.92 | $0.00 | |||||||
| Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||
| Regular Principal Distribution Amount |
$13,600,024.69 | $13,600,024.69 | $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 |
$1,493,948.14 | $1,493,948.14 | 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-D 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 |
$983,751.30 | $1.77 | $21,750,955.61 | $39.23 | $22,734,706.91 | $41.00 | ||||||||||||||||||||||||||||
| Class A-4 Notes |
$324,825.00 | $4.58 | $0.00 | $0.00 | $324,825.00 | $4.58 | ||||||||||||||||||||||||||||
| 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 |
1.21% | 361 | 1.84% | $6,079,227.49 | ||||||||||||
| 60-89 Days Delinquent |
0.40% | 121 | 0.63% | $2,061,664.77 | ||||||||||||
| 90-119 Days Delinquent |
0.14% | 42 | 0.18% | $602,635.40 | ||||||||||||
| 120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
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| Total Delinquencies |
1.75% | 524 | 2.65% | $8,743,527.66 | ||||||||||||
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| Total Delinquencies - Prior Period |
1.64% | 2.49% | ||||||||||||||
| Total Delinquencies - Two Months Prior |
1.50% | 2.27% | ||||||||||||||
| Total Delinquencies - Three Months Prior |
1.46% | 2.22% | ||||||||||||||
| Receivables Pool Balance |
$329,740,424.35 | |||||||||||||||
| 60-Day Delinquency Percentage |
0.81% | |||||||||||||||
| Delinquency Trigger Percentage |
4.65% | |||||||||||||||
| Has a Delinquency Trigger occurred in this Collection Period? |
No | |||||||||||||||
| Repossessed Vehicle Inventory* |
14 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-D 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