Toyota Auto Receivables 2020-B Owner Trust
04/25/2024 | Press release | Distributed by Public on 04/25/2024 08:04
Asset-Backed Issuer Distribution Report - Form 10-D
Servicer's Certificate
for the Collection Period March 01, 2024 through March 31, 2024
for Payment Date of April 15, 2024
Toyota Auto Receivables 2020-B 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 |
Second Priority Principal Distribution Amount |
Regular Principal Distribution Amount |
Ending Principal Balance |
Ending Principal Factor |
|||||||||||||||||||||||||||
| A-1 | $240,000,000.00 | 5/17/21 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2 | $450,000,000.00 | 12/15/22 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-3 | $393,040,000.00 | 8/15/24 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-4 | $86,960,000.00 | 9/15/25 | $21,786,298.37 | 0.2505324 | $21,786,298.37 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| B | $30,000,000.00 | 11/16/26 | $30,000,000.00 | 1.0000000 | $0.00 | $30,000,000.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| Total | $1,200,000,000.00 | $51,786,298.37 | $21,786,298.37 | $30,000,000.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||||
| Class | Interest Rate |
Interest Distributable Amount |
Prior Interest Carryover |
Interest Distribution Amount |
Current Interest Carryover |
Total Principal & Interest Distribution |
||||||||||||||||||||
| A-1 | 1.14133% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2 | 1.38000% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-3 | 1.36000% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-4 | 1.66000% | $30,137.71 | $0.00 | $30,137.71 | $0.00 | $21,816,436.08 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $30,000,000.00 | |||||||||||||||||||||
| Total | $30,137.71 | $0.00 | $30,137.71 | $0.00 | $51,816,436.08 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$12,000,017.68 |
Beginning Period Amount |
$815,594.56 | |||||||
|
Specified Reserve Account Amount |
$0.00 |
Increase/(Decrease) |
$(144,536.17 | ) | ||||||
|
Beginning Balance |
$12,000,017.68 |
Ending Period Amount |
$671,058.39 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$23,124,170.02 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$12,000,017.68 |
Adjusted Pool Balance |
$54,227,910.33 | |||||||
|
Reserve Account Required Amount |
$0.00 |
Total Note Balance |
$0.00 | |||||||
|
Reserve Account Release to Seller |
$12,000,017.68 |
Ending Overcollateralization Amount |
$54,227,910.33 | |||||||
|
Ending Reserve Account Balance |
$0.00 |
Overcollateralization Target Amount |
$10,200,015.02 |
Page 1 of 5
Servicer's Certificate
for the Collection Period March 01, 2024 through March 31, 2024
for Payment Date of April 15, 2024
Toyota Auto Receivables 2020-B 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 |
10 | 502 | 492 | 483 | 471 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$85,662.89 | $7,555,863.44 | $7,470,200.55 | $7,407,332.52 | $7,304,114.88 | |||||||||||||||
|
Principal of Repurchased Contracts, previously charged-off |
$0.00 | $(47,105.39 | ) | $(47,105.39 | ) | $(47,105.39 | ) | $(31,847.24 | ) | |||||||||||
|
Net Liquidation Proceeds Received During the Collection Period |
$1,856.01 | $(1,388,416.50 | ) | $(1,390,272.51 | ) | $(1,390,272.51 | ) | $(1,393,113.88 | ) | |||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(70,025.65 | ) | $(4,077,517.84 | ) | $(4,007,492.19 | ) | $(3,921,208.86 | ) | $(3,838,451.24 | ) | ||||||||||
|
Net Credit Losses |
$17,493.25 | $2,042,823.71 | $2,025,330.46 | $2,048,745.76 | $2,040,702.52 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.74344% | 0.72863% | 0.71530% | 0.69753% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
482 | 472 | 457 | 449 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.40389% | 0.39313% | 0.39038% | 0.38168% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
321 | 317 | 318 | 312 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$2,090,223.63 | $2,071,536.72 | $2,092,373.83 | $2,082,810.41 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$6,511.60 | $6,534.82 | $6,579.79 | $6,675.67 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.16017% | 0.15880% | 0.16064% | 0.16001% | ||||||||||||||||
|
Repossessed in Current Period |
3 vehicles |
Pool Data
| Original | Prior Month | Current Month | |||||||||||
|
Receivables Pool Balance |
$1,275,392,995.27 | $62,801,907.95 | $54,898,968.72 | ||||||||||
|
Number of Contracts |
67,524 | 13,311 | 12,259 | ||||||||||
|
Weighted Average APR |
3.26% | 4.19% | 4.25% | ||||||||||
|
Weighted Average Remaining Term (Months) |
49.34 | 12.76 | 12.13 |
Page 2 of 5
Servicer's Certificate
for the Collection Period March 01, 2024 through March 31, 2024
for Payment Date of April 15, 2024
Toyota Auto Receivables 2020-B 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 |
$6,204,152.69 | |||
|
Prepayments in Full |
$1,613,123.65 | |||
|
Interest Payments Received |
$208,508.64 | |||
|
Aggregate Net Liquidation Proceeds |
$68,169.64 | |||
|
Interest on Repurchased Contracts |
$0.00 | |||
|
Total Collections |
$8,093,954.62 | |||
|
Principal of Repurchased Contracts |
$0.00 | |||
|
Principal of Repurchased Contracts, prev charged-off |
$0.00 | |||
|
Optional Purchase Price |
$66,898,986.40 | |||
|
Adjustment on Repurchased Contracts |
$0.00 | |||
|
Total Repurchased Amount |
$66,898,986.40 | |||
|
Total Available Collections |
$74,992,941.02 |
Distributions
| Calculated Amount | Amount Paid | Shortfall | ||||||||||||
|
Servicing Fee |
$52,334.92 | $52,334.92 | $0.00 | |||||||||||
|
Trustee and Other Fees/Expenses (capped at $300,000.00 per calendar year) |
||||||||||||||
|
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-2 Notes |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Interest - Class A-3 Notes |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Interest - Class A-4 Notes |
$30,137.71 | $30,137.71 | $0.00 | |||||||||||
|
First Priority Principal Distribution Amount |
$21,786,298.37 | $21,786,298.37 | $0.00 | |||||||||||
|
Interest - Class B Notes |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Second Priority Principal Distribution Amount |
$30,000,000.00 | $30,000,000.00 | $0.00 | |||||||||||
|
Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Regular Principal Distribution Amount |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Additional Trustee and Other Fees/Expenses |
||||||||||||||
|
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 |
$23,124,170.02 | $23,124,170.02 | N/A |
Page 3 of 5
Servicer's Certificate
for the Collection Period March 01, 2024 through March 31, 2024
for Payment Date of April 15, 2024
Toyota Auto Receivables 2020-B 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 |
||||||||||||||||||||||||
|
Class A-1 Notes |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||||
|
Class A-2 Notes |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||||
|
Class A-3 Notes |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||||
|
Class A-4 Notes |
$30,137.71 | $0.35 | $21,786,298.37 | $250.53 | $21,816,436.08 | $250.88 | |||||||||||||||||||||||
|
Class B Notes |
$0.00 | $0.00 | $30,000,000.00 | $1,000.00 | $30,000,000.00 | $1,000.00 |
Delinquent and Repossessed Contracts
|
Percentage of Current Month Number of Contracts |
Units |
Percentage of Current Month Receivables Pool Balance |
Balance | |||||||||||||
|
30-59 Days Delinquent |
1.42% | 174 | 2.30% | $1,260,688.22 | ||||||||||||
|
60-89 Days Delinquent |
0.33% | 41 | 0.67% | $365,417.34 | ||||||||||||
|
90-119 Days Delinquent |
0.16% | 20 | 0.28% | $155,141.37 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.91% | 235 | 3.25% | $1,781,246.93 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.80% | 3.05% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.89% | 3.09% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
2.07% | 3.09% | ||||||||||||||
|
Receivables Pool Balance |
$54,898,968.72 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.95% | |||||||||||||||
|
Delinquency Trigger Percentage |
4.65% | |||||||||||||||
|
Has a Delinquency Trigger occurred in this Collection Period? |
No |
|
Repossessed Vehicle Inventory* |
3 vehicles | |||||
|
* Included with Delinquencies Above |
Page 4 of 5
Servicer's Certificate
for the Collection Period March 01, 2024 through March 31, 2024
for Payment Date of April 15, 2024
Toyota Auto Receivables 2020-B 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/ Stephen Bishop |
||
| Name: | Stephen Bishop | |
| Title: | General Manager - Treasury |
Page 5 of 5