$1,250,000,000(1)	Toyota Auto Receivables 2025-B Owner Trust Issuing Entity (CIK Number: 0002058316)
	Toyota Motor Credit Corporation Sponsor, Administrator and Servicer (CIK Number: 0000834071)	Toyota Auto Finance Receivables LLC Depositor (CIK Number: 0001131131)
You should review carefully the factors described under “Risk Factors” beginning on page 29 of this prospectus. The primary assets of the issuing entity will include a pool of fixed rate motor vehicle retail installment sales contracts secured by new or used cars, crossover utility vehicles, light-duty trucks and sport utility vehicles. The assets of the issuing entity will also include related security interests in the financed vehicles, proceeds from claims on related insurance policies, amounts deposited in specified bank accounts and all proceeds of the foregoing. The notes are asset-backed securities issued by the issuing entity and will be paid only from the assets of the issuing entity.  The notes represent the obligations of the issuing entity only and do not represent the obligations of or interests in Toyota Motor Credit Corporation or any of its affiliates.  Neither the notes nor the receivables owned by the issuing entity are insured or guaranteed by any governmental agency.

•

The issuing entity will issue the classes of notes described in the table below with an aggregate initial principal amount of $1,250,000,000, an aggregate initial principal amount of $1,600,000,000 or an aggregate initial principal amount of $1,900,000,000.  The issuing entity will also issue a certificate representing the equity interest in the issuing entity, which will be retained initially by Toyota Auto Finance Receivables LLC and is not being offered hereby.

•	The principal of and interest on the notes will generally be payable on the 15th day of each month, unless the 15th day is not a business day, in which case payment will be made on the following business day.  The first payment will be made on May 15, 2025.

•	Credit enhancement for the notes consists of a reserve account, overcollateralization, a yield supplement overcollateralization amount, excess interest on the receivables and, in the case of the Class A Notes, subordination of the Class B Notes (which will have a 0.00% interest rate).

(1)

The aggregate initial principal amount of the notes may be $1,600,000,000 or $1,900,000,000.  The Class B Notes and approximately, but not less than, 5% (by aggregate initial principal amount) of each of the Class A-2a Notes, the Class A-2b Notes, the Class A-3 Notes and the Class A-4 Notes will be retained initially by Toyota Auto Finance Receivables LLC.  Some or all, but not less than 5% (by aggregate initial principal amount), of the Class A-1 Notes will also be retained initially by Toyota Auto Finance Receivables LLC.  The Class B Notes are not being publicly registered and are not offered hereby.

(2)

If the aggregate initial principal amount of the notes is $1,600,000,000, the following notes will be issued: $358,400,000 of Class A-1 Notes, $588,800,000 aggregate initial principal amount of Class A-2a Notes and Class A-2b Notes, $524,800,000 of Class A-3 Notes, $88,000,000 of Class A-4 Notes and $40,000,000 of Class B Notes.  If the aggregate initial principal amount of the notes is $1,900,000,000, the following notes will be issued: $425,600,000 of Class A-1 Notes, $699,200,000 aggregate initial principal amount of Class A-2a Notes and Class A-2b Notes, $623,200,000 of Class A-3 Notes, $104,500,000 of Class A-4 Notes and $47,500,000 of Class B Notes.  Toyota Motor Credit Corporation will make the determination regarding the aggregate initial principal amount of the notes based on, among other considerations, market conditions at the time of pricing. See “Risk Factors—Risks Primarily Related to the Nature of the Notes and the Structure of the Transaction—Risks associated with unknown aggregate initial principal amount of the notes.”

(3)

The allocation of the aggregate initial principal amount between the Class A-2a Notes and Class A-2b Notes will be determined at the time of pricing of the notes offered hereunder.  If the aggregate initial principal amount of the notes is $1,250,000,000, Toyota Auto Finance Receivables LLC expects that the aggregate initial principal amount of the Class A-2b Notes will not exceed $345,000,000.  If the aggregate initial principal amount of the notes is $1,600,000,000, Toyota Auto Finance Receivables LLC expects that the aggregate initial principal amount of the Class A-2b Notes will not exceed $441,600,000.  If the aggregate initial principal amount of the notes is $1,900,000,000, Toyota Auto Finance Receivables LLC expects that the aggregate initial principal amount of the Class A-2b Notes will not exceed $524,400,000.

(4)

The Class A-2b Notes will accrue interest at a floating rate based on a spread over a benchmark rate, which initially will be the SOFR Rate.  However, the benchmark rate may change in certain situations.  For more information on how the SOFR Rate is determined and the circumstances in which the benchmark rate may change, you should read “Description of the Notes—Payments of Interest” in this prospectus.

(5)	If the benchmark rate is less than 0.00% for any interest period, then the benchmark rate for such interest period will be deemed to be 0.00%.  See “Description of the Notes—Payments of Interest—General” in this prospectus.

(6)	Calculated using the aggregate initial principal amount of the underwritten notes.

Barclays

BMO Capital Markets

J.P. Morgan

Mizuho

US Bancorp

ANZ Securities

SUMMARY OF PARTIES TO THE TRANSACTION	6
SUMMARY OF MONTHLY DISTRIBUTIONS OF COLLECTIONS	7
SUMMARY OF TERMS	8
SUMMARY OF RISK FACTORS	27
RISK FACTORS	29
THE ISSUING ENTITY	50
CAPITALIZATION OF THE ISSUING ENTITY	52
THE DEPOSITOR	54
THE SPONSOR, ADMINISTRATOR AND SERVICER	55
Credit Risk Retention	56
Underwriting of Motor Vehicle Retail Installment Sales Contracts	56
Electronic Contracts and Electronic Contracting	58
Servicing of Motor Vehicle Retail Installment Sales Contracts	58
Securitization Experience	60
THE TRUSTEES	60
Duties of the Owner Trustee and Indenture Trustee	63
FEES AND EXPENSES	64
ASSET REPRESENTATIONS REVIEWER	65
General	65
Resignation and Removal	66
Indemnity and Liability	66
AFFILIATIONS AND CERTAIN RELATIONSHIPS	66
THE RECEIVABLES	67
Asset-Level Data for the Receivables	81
POOL UNDERWRITING	81
REVIEW OF POOL ASSETS	82
DELINQUENCIES, REPOSSESSIONS AND NET LOSSES	83
ASSET REPRESENTATIONS REVIEW	86
Delinquency Trigger	88
REPURCHASES OF RECEIVABLES	89
Dispute Resolution	91
STATIC POOLS	92
USE OF PROCEEDS	92
PREPAYMENT AND YIELD CONSIDERATIONS	92
WEIGHTED AVERAGE LIVES OF THE NOTES	94
POOL FACTORS AND TRADING INFORMATION	119
DESCRIPTION OF THE NOTES	119
General	119
Payments of Interest	119
Payments of Principal	124
Allocation of Losses	125
Indenture	125
Notices	129
Governing Law	129
Minimum Denominations	129
Book-Entry Registration	130
Definitive Securities	134
List of Securityholders	134
Reports to Securityholders	135
PAYMENTS TO NOTEHOLDERS	136
Calculation of Available Collections	136
Calculation of Principal Distribution Amounts	137
Priority of Payments	138
Payments After Occurrence of Event of Default Resulting in Acceleration	139

Credit and Cash Flow Enhancement	139
TRANSFER AND SERVICING AGREEMENTS	142
The Transfer and Servicing Agreements	142
Sale and Assignment of Receivables	142
Accounts	143
Servicing Procedures	143
Servicing Compensation and Payment of Expenses	144
Insurance on Financed Vehicles	145
Collections	145
Eligible Investments	146
Payments	147
Net Deposits	147
Optional Purchase of Receivables and Redemption of Notes	147
Removal of Servicer	147
Statements to Trustees and Issuing Entity	149
Evidence as to Compliance	149
Certain Matters Regarding the Servicer; Servicer Liability	149
Rights upon Servicer Default	150
Waiver of Past Defaults	151
Amendment	151
Non-Petition	152
Payment of Notes	152
Depositor Liability	152
Termination	152
Administration Agreement	153
Investor Communications	153
CERTAIN LEGAL ASPECTS OF THE RECEIVABLES	154
General	154
Security Interests	154
Repossession of Financed Vehicles	156
Notice of Sale of Financed Vehicles; Reinstatement and Redemption Rights	156
Deficiency Judgments and Excess Proceeds	156
Certain Bankruptcy Considerations	157
Dodd-Frank Act Orderly Liquidation Authority Provisions	158
Consumer Finance Regulation	160
Forfeiture for Drug, RICO and Money Laundering Violations	163
Other Limitations	163
LEGAL PROCEEDINGS	163
ERISA CONSIDERATIONS	164
MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS	165
Tax Characterization of the Issuing Entity	166
Partnership Audit Rules	167
Tax Consequences to Note Owners	167
CERTAIN STATE TAX CONSEQUENCES	172
WHERE YOU CAN FIND MORE INFORMATION ABOUT YOUR NOTES	173
The Issuing Entity	173
The Depositor	173
UNDERWRITING	174
European Economic Area	176
United Kingdom	176
LEGAL OPINIONS	177
INDEX OF TERMS	178
ANNEX A:  GLOBAL CLEARANCE, SETTLEMENT AND TAX DOCUMENTATION PROCEDURES	A-1
ANNEX B:  STATIC POOL INFORMATION	B-1

Issuing Entity	Toyota Auto Receivables 2025-B Owner Trust, a Delaware statutory trust.
Depositor	Toyota Auto Finance Receivables LLC, a Delaware limited liability company, is a wholly-owned, limited purpose subsidiary of Toyota Motor Credit Corporation.  The principal executive offices of Toyota Auto Finance Receivables LLC are located at 6565 Headquarters Drive, W2-3D, Plano, Texas 75024-5965, its telephone number is (469) 486-9020 and its facsimile number is (310) 381-7739.
Sponsor, Administrator and Servicer	Toyota Motor Credit Corporation, a California corporation (“TMCC”).  The principal executive offices of TMCC are located at 6565 Headquarters Drive, Plano, Texas 75024-5965, its telephone number is (469) 486-9300 and its facsimile number is (310) 381-7739.
Asset Representations Reviewer	Clayton Fixed Income Services LLC, a Delaware limited liability company.
Indenture Trustee	U.S. Bank National Association, a national banking association.
Owner Trustee	Wilmington Trust, National Association, a national banking association.
Securities Intermediary	U.S. Bank National Association, a national banking association.
Relevant Agreements
Indenture	The indenture among the issuing entity, the indenture trustee and the securities intermediary.  The indenture provides for the terms of the notes.
Trust Agreement	The trust agreement, as amended and restated, between the depositor and the owner trustee.  The trust agreement establishes and governs the issuing entity and provides for the terms of the certificate.
Receivables Purchase Agreement	The receivables purchase agreement between the depositor and TMCC.  The receivables purchase agreement governs the sale of the receivables from TMCC, as the originator of the receivables, to the depositor.
Sale and Servicing Agreement	The sale and servicing agreement among the issuing entity, the servicer and the depositor.  The sale and servicing agreement governs the sale of the receivables by the depositor to the issuing entity and the servicing of the receivables by the servicer.
Administration Agreement	The administration agreement among the administrator, the issuing entity and the indenture trustee.  The administration agreement governs the provision of reports by the administrator and the performance by the administrator of other administrative duties for the issuing entity.
Asset Representations Review Agreement	The asset representations review agreement among the asset representations reviewer, the issuing entity, the servicer and the administrator.  The asset representations review agreement governs the

	performance by the asset representations reviewer of asset representations reviews.
Relevant Dates
Closing Date	On or about April ___, 2025.
Cutoff Date	The issuing entity will purchase the receivables as of the close of business on February 28, 2025.  The issuing entity will be entitled to all collections in respect of the receivables received after the cutoff date.
Statistical Information	The statistical information concerning the receivables in this prospectus is based on the receivables as of the cutoff date.
Collection Periods	The collection period related to a payment date is the period commencing on the first day of the calendar month immediately preceding such payment date (or in the case of the first collection period, from, but excluding, the cutoff date) and ending on the last day of such calendar month.
Payment Dates	The issuing entity will generally pay interest on and principal of the notes on the 15th day of each month.  If the 15th day of the month is not a business day, payments on the notes will be made on the next business day.  The date that any payment is made is called a “payment date.”  The first payment date will be May 15, 2025.
	A “business day” is any day except:
	•	a Saturday or Sunday; or
	•	a day on which banks in New York, New York or Wilmington, Delaware are closed.
Final Scheduled Payment Dates	The final principal payment for each class of notes is due on the related final scheduled payment date specified on the front cover of this prospectus.
Record Dates	So long as the notes are in book-entry form, the issuing entity will make payments on the notes to the related holders of record on the day immediately preceding the related payment date.  If the notes are issued in definitive form, the record date will be the last day of the month preceding the related payment date.
Description of the Notes	The class A-1 notes, the class A-2a notes, the class A-2b notes, the class A‑3 notes and the class A‑4 notes are referred to in this prospectus collectively as the “class A notes.”  The class A-2a notes and the class A-2b notes are referred to in this prospectus collectively as the “class A-2 notes.” The class A notes and the class B notes are referred to in this prospectus collectively as the “notes.”   The class B notes and approximately, but not less than, 5% (by aggregate initial principal amount) of each of the class A-2a notes, the class A-2b notes, the class A-3 notes and the class A-4 notes will be retained initially by the depositor.  Some or all, but not less than 5% (by aggregate initial principal amount), of the class A-1 notes will also be retained initially by the depositor.   The allocation of the aggregate initial principal amount of the class A-2 notes between the class A-2a notes and the class A-2b notes will be determined at the time of pricing of the notes offered hereunder. The depositor expects that, if the aggregate initial principal amount of the

	notes is $1,250,000,000, the aggregate initial principal amount of the class A-2b notes will not exceed $345,000,000, if the aggregate initial principal amount of the notes is $1,600,000,000, the aggregate initial principal amount of the class A-2b notes will not exceed $441,600,000 and if the aggregate initial principal amount of the notes is $1,900,000,000, the aggregate initial principal amount of the class A-2b notes will not exceed $524,400,000.   TMCC will make the determination regarding the aggregate initial principal amount of the notes based on, among other considerations, market conditions at the time of pricing. See “Risk Factors—Risks Primarily Related to the Nature of the Notes and the Structure of the Transaction—Risks associated with unknown aggregate initial principal amount of the notes.”   All of the notes issued by the issuing entity will be secured by the assets of the issuing entity pursuant to the indenture and by funds on deposit in the accounts of the issuing entity.
	For a description of how payments of interest on and principal of the notes will be made on each payment date, you should refer to “Description of the Notes” and “Payments to Noteholders” in this prospectus.   The class B notes are not being publicly registered and are not offered hereby.  Any information in this prospectus regarding the class B notes is included only for informational purposes to facilitate a better understanding of the class A notes.
Certificate	The issuing entity will also issue a certificate representing the equity or residual interest in the issuing entity and the right to receive amounts that remain after the issuing entity makes full payment of interest on and principal of the notes payable on a given payment date, required deposits to the reserve account on that payment date and other required payments. The depositor will initially retain the certificate.  The certificate is not being offered by this prospectus.
	Any information in this prospectus regarding the certificate is included only for informational purposes to facilitate a better understanding of the notes.
Minimum Denominations	The class A notes will be issued in minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof.
Registration of the Notes	You will generally hold your interests in the notes through The Depository Trust Company in the United States, or Clearstream Banking, société anonyme or the Euroclear Bank SA/NV, as operator for the Euroclear System.  This is referred to as book-entry form.  You will not receive a definitive note except under limited circumstances.
	For additional information, you should refer to “Description of the Notes––Book-Entry Registration” and “Annex A: Global Clearance, Settlement and Tax Documentation Procedures” in this prospectus.

U.S. Credit Risk Retention	The risk retention regulations in Regulation RR of the Securities Exchange Act of 1934, as amended, require the sponsor, either directly or through its majority-owned affiliates, to retain an economic interest in the credit risk of the receivables (the “U.S. retained interest”).   The class B notes, the certificate, and approximately, but not less than, 5% (by aggregate initial principal amount) of each of the class A-2a notes, the class A-2b notes, the class A-3 notes and the class A-4 notes will be retained initially by the depositor.  Some or all, but not less than 5% (by aggregate initial principal amount), of the class A-1 notes will also be retained initially by the depositor.  The depositor is a wholly-owned subsidiary of TMCC and will initially retain the U.S. retained interest.  The sponsor will agree that it will not, and will cause the depositor and each affiliate of the sponsor not to, sell, transfer, finance or hedge the U.S. retained interest, except to the extent permitted by Regulation RR.   Any notes which are retained initially by the depositor, and which are not required to be retained by the sponsor, directly or indirectly, as a part of the U.S. retained interest will not be subject to the limitations on sale, transfer, financing and hedging which are otherwise applicable to the U.S. retained interest.   For more information regarding Regulation RR and TMCC’s method of compliance with that regulation, see “The Sponsor, Administrator and Servicer––Credit Risk Retention” in this prospectus.
EU Securitization Regulation and UK Securitization Framework	None of TMCC, the other parties to the transaction described in this prospectus, nor any of their respective affiliates, will undertake, or intends, to retain a material net economic interest in such transaction in a manner that would satisfy the requirements of (i) Regulation (EU) 2017/2402 of the European Parliament and of the Council of December 12, 2017 (as amended, the “EU Securitization Regulation”) or (ii) the framework for the regulation of securitization in the United Kingdom (the “UK”) comprising (A) the Securitisation Regulations 2024 (as amended, the “SR 2024”), (B) the securitisation sourcebook of the handbook of rules and guidance adopted by the UK Financial Conduct Authority (the “FCA”) (the “SECN”), (C) the Securitisation Part of the rulebook of published policy of the Prudential Regulation Authority of the Bank of England (the “PRASR”) and (D) relevant provisions of the Financial Services and Markets Act 2000 (as amended, the “FSMA”) (each as further amended, supplemented or replaced and, collectively, the “UK Securitization Framework”).   In addition, no such person will undertake, or intends, to take any other action or refrain from taking any action with regard to such transaction in a manner prescribed or contemplated by the EU Securitization Regulation or the UK Securitization Framework, or for purposes of, or in connection with, facilitating or enabling compliance by any investor with the requirements of the EU Securitization Regulation or the UK Securitization Framework or by any person with the requirements of any other law or regulation now or hereafter in effect in the European Union (the “EU”), the European Economic Area (the “EEA”) or the UK in relation to risk retention, due diligence and monitoring, credit granting standards, transparency or any other conditions with respect to investments in securitization transactions.

	The arrangements described in “The Sponsor, Administrator and Servicer–Credit Risk Retention” in this prospectus have not been structured with the objective of enabling or facilitating compliance with the requirements of the EU Securitization Regulation or the UK Securitization Framework.   Consequently, the notes may not be a suitable investment for an investor that is subject to the EU Securitization Regulation or the UK Securitization Framework. As a result, the price and liquidity of the notes in the secondary market may be adversely affected. Failure by an investor that is subject to the EU Securitization Regulation or the UK Securitization Framework to comply with the requirements thereof, in either case with respect to an investment in the notes, may result in the imposition of a penalty regulatory capital charge on that investment or other regulatory sanctions and/or remedial measures being imposed or taken by such investor’s relevant regulatory authority.   Prospective investors are responsible for analyzing their own legal and regulatory position and are encouraged to consult with their own investment and legal advisors regarding the suitability of the notes for investment and the scope, applicability and compliance requirements of the EU Securitization Regulation, the UK Securitization Framework and any other existing or future similar regimes in any relevant jurisdictions.   For more information regarding the EU Securitization Regulation and the UK Securitization Framework, see “Risk Factors—The notes may not be suitable investments for investors subject to the EU Securitization Regulation or the UK Securitization Framework” in this prospectus.
Structural Summary
Assets of the Issuing Entity; the Receivables and Statistical Information	The primary assets of the issuing entity will include a pool of fixed rate retail installment sales contracts used to finance new and used cars, crossover utility vehicles, light-duty trucks or sport utility vehicles.  We refer to these contracts as the “receivables.”  The assets of the issuing entity will also include related security interests in the financed vehicles, proceeds from claims on related insurance policies, amounts deposited in specified bank accounts and all proceeds of the foregoing.   Purchasers of new and used cars, crossover utility vehicles, light-duty trucks and sport utility vehicles often finance their purchases by entering into retail installment sales contracts with Toyota and Lexus dealers who then sell the contracts to TMCC.  The purchasers of the financed vehicles are referred to as the “obligors” under the receivables.  The terms of the contracts must meet requirements specified by TMCC.   The receivables will be sold by the sponsor to the depositor and then transferred by the depositor to the issuing entity.  The sale by the sponsor to the depositor will be made pursuant to the receivables purchase agreement between the sponsor and the depositor.  The sale by the depositor to the issuing entity will be made pursuant to the sale and servicing agreement among the depositor, the servicer and the issuing entity.  The receivables sold to the depositor and then transferred to the issuing entity will be selected based on certain eligibility criteria described under “The Receivables” in this prospectus.

The issuing entity will grant a security interest in the receivables and other specified assets of the issuing entity, and the depositor will grant a security interest in the amounts on deposit in the reserve account, in each case to the indenture trustee for the benefit of the noteholders.   The issuing entity’s main source of funds for making payments on the notes will be the receivables.   The statistical information concerning the receivables presented throughout this prospectus is based on the receivables as of the cutoff date.

	As of the cutoff date, if the aggregate initial principal amount of the notes is $1,250,000,000, the receivables had the following characteristics:
	Total Principal Balance	$1,308,465,017.22
	Number of Receivables	46,084
	Average Principal Balance	$28,393.04
	Range of Principal Balances	$252.55 - $97,005.63
	Average Original Amount Financed	$36,787.32
	Range of Original Amounts Financed	$3,417.00 - $109,870.00
	Weighted Average Annual Percentage Rate (“APR”)(1)	6.05%
	Range of APRs	0.00% - 22.85%
	Weighted Average Original Number of Scheduled Payments(1)	65.70
	Range of Original Number of Scheduled Payments	18 - 72
	Percentage of Total Principal Balance Consisting of Receivables with Original Scheduled Payments Greater Than 60 Months	60.16%
	Weighted Average Remaining Number of Scheduled Payments(1)	54.11
	Range of Remaining Number of Scheduled Payments	4 - 68
	Weighted Average FICO® score (1) (2)	769
	Range of FICO® scores (2)	620 - 900
	___________________
	(1)  Weighted by principal balance as of the cutoff date.
	(2)  FICO® is a federally registered servicemark of Fair Isaac Corporation.
	As of the cutoff date, if the aggregate initial principal amount of the notes is $1,600,000,000, the receivables had the following characteristics:
	Total Principal Balance	$1,674,827,665.65
	Number of Receivables	58,869
	Average Principal Balance	$28,450.08
	Range of Principal Balances	$252.55 - $97,671.06
	Average Original Amount Financed	$36,827.71
	Range of Original Amounts Financed	$3,118.38 - $109,870.00
	Weighted Average Annual Percentage Rate (“APR”)(1)	6.05%
	Range of APRs	0.00% - 24.00%
	Weighted Average Original Number of  Scheduled Payments(1)	65.72
	Range of Original Number of Scheduled Payments	12 – 72

	Percentage of Total Principal Balance Consisting of Receivables with Original Scheduled Payments Greater Than 60 Months	60.21%
	Weighted Average Remaining Number of Scheduled Payments(1)	54.17
	Range of Remaining Number of Scheduled Payments	4 - 68
	Weighted Average FICO® score (1) (2)	769
	Range of FICO® scores (2)	620 - 900
	___________________
	(1)  Weighted by principal balance as of the cutoff date.
	(2)  FICO® is a federally registered servicemark of Fair Isaac Corporation.
	As of the cutoff date, if the aggregate initial principal amount of the notes is $1,900,000,000, the receivables had the following characteristics:
	Total Principal Balance	$1,988,794,756.78
	Number of Receivables	69,955
	Average Principal Balance	$28,429.63
	Range of Principal Balances	$252.55 - $97,671.06
	Average Original Amount Financed	$36,803.90
	Range of Original Amounts Financed	$3,118.38 - $109,870.00
	Weighted Average Annual Percentage Rate (“APR”)(1)	6.05%
	Range of APRs	0.00% - 24.00%
	Weighted Average Original Number of Scheduled Payments(1)	65.73
	Range of Original Number of Scheduled Payments	12 - 72
	Percentage of Total Principal Balance Consisting of Receivables with Original Scheduled Payments Greater Than 60 Months	60.23%
	Weighted Average Remaining Number of Scheduled Payments(1)	54.16
	Range of Remaining Number of Scheduled Payments	4 - 68
	Weighted Average FICO® score (1) (2)	769
	Range of FICO® scores (2)	620 - 900
	___________________
	(1)  Weighted by principal balance as of the cutoff date.
	(2)  FICO® is a federally registered servicemark of Fair Isaac Corporation.

	For additional information regarding the characteristics of the receivables as of the cutoff date, you should refer to “The Receivables” in this prospectus. TMCC does not consider any of the receivables to be exceptions to its underwriting standards.  For additional information regarding TMCC’s underwriting standards, you should refer to “The Sponsor, Administrator and Servicer—Underwriting of Motor Vehicle Retail Installment Sales Contracts” in this prospectus.
	The receivables must satisfy the eligibility criteria specified in the transaction documents.  For additional information regarding the eligibility criteria for receivables being acquired by the issuing entity, you should refer to “The Receivables” in this prospectus.

	The assets of the issuing entity will also include:
	•	certain monies due or received under the receivables after the cutoff date;
	•	security interests in the vehicles financed under the receivables;
	•	certain bank accounts and the proceeds of those accounts; and
	•	proceeds from claims under certain insurance policies relating to the financed vehicles or the obligors under the receivables and certain rights of the depositor under the receivables purchase agreement.
	For additional information regarding the assets of the issuing entity, you should refer to “The Issuing Entity” in this prospectus.
Review of Pool Assets	In connection with the offering of the notes, the depositor has performed a review of the receivables and certain disclosure in this prospectus relating to the receivables and certain asset-level data disclosures incorporated by reference into this prospectus, and has concluded that it has reasonable assurance that such disclosure is accurate in all material respects, as described under “Review of Pool Assets” in this prospectus.   As described in “The Sponsor, Administrator and Servicer—Underwriting of Motor Vehicle Retail Installment Sales Contracts” in this prospectus, under TMCC’s origination process, credit applications are evaluated when received and are either automatically approved, automatically declined or forwarded for review by a TMCC credit analyst with appropriate approval authority.  The credit analyst decisions applications based on an evaluation that considers an applicant’s creditworthiness and projected ability to meet the monthly payment obligation, which is derived, among other things, from the amount financed (as defined in the sale and servicing agreement), the term, and the assigned contractual interest rate.   If the aggregate initial principal amount of the notes is $1,250,000,000, approximately 66.81% of the aggregate principal balance of the receivables as of the cutoff date were automatically approved, while approximately 33.19% of the aggregate principal balance of the receivables as of the cutoff date were evaluated and approved by a TMCC credit analyst with appropriate authority in accordance with TMCC’s written underwriting guidelines.  If the aggregate initial principal amount of the notes is $1,600,000,000, approximately 66.71% of the aggregate principal balance of the receivables as of the cutoff date were automatically approved, while approximately 33.29% of the aggregate principal balance of the receivables as of the cutoff date were evaluated and approved by a TMCC credit analyst with appropriate authority in accordance with TMCC’s written underwriting guidelines.  If the aggregate initial principal amount of the notes is $1,900,000,000, approximately 66.73% of the aggregate principal balance of the receivables as of the cutoff date were automatically approved, while approximately 33.27% of the aggregate principal balance of the receivables as of the cutoff date were evaluated and approved by a TMCC credit analyst with appropriate authority in accordance with TMCC’s written underwriting guidelines. TMCC determined that whether a receivable was accepted automatically by TMCC’s electronic credit decision system or was accepted following review by a TMCC credit analyst was not indicative of the related receivable’s quality.

Asset Representations Review	The asset representations reviewer will perform a review of certain of the receivables for compliance with the representations made about the receivables if:
	•	a delinquency trigger for the receivables is reached; and
	•	the required amount of noteholders vote to direct the review.
	For additional information about the asset representations review, the delinquency trigger, voting requirements for a review, the representations and warranties to be reviewed and the cost of the review, you should refer to “Asset Representations Review” in this prospectus.
Repurchase Dispute Resolution	If a request is made for the repurchase of a receivable due to a breach of a representation or warranty, and the request is not resolved within 180 days of the receipt by TMCC or the depositor of such request, the party submitting the request will have the right to refer the matter to either mediation (including non-binding arbitration) or third-party binding arbitration.  See “Repurchases of Receivables—Dispute Resolution” in this prospectus.
Servicing and Servicer Compensation	TMCC will act as servicer for the receivables owned by the issuing entity.  The servicer will handle all collections, administer defaults and delinquencies and otherwise service the receivables.  On each payment date, the issuing entity will pay the servicer a fee equal to one-twelfth of 1.00% multiplied by the aggregate principal balance of the receivables as of the first day of the related collection period; provided that, for the first payment date, the issuing entity will pay the servicer a fee equal to two-twelfths of 1.00% of the aggregate principal balance of the receivables as of the cutoff date.  The servicer will also receive additional servicing compensation in the form of certain net investment earnings, late fees, extension fees and other administrative fees and expenses or similar charges received by the servicer during the related collection period.   For additional information regarding the compensation payable to the servicer, you should refer to “Transfer and Servicing Agreements––Servicing Compensation and Payment of Expenses” in this prospectus.
Trustees Fees and Expenses	The issuing entity will pay the indenture trustee an annual fee equal to $5,000.  The issuing entity will also pay the owner trustee an annual fee equal to $3,600.  Each trustee will also be entitled to reimbursement or payment by the issuing entity for certain expenses and indemnification amounts incurred in connection with the performance of its duties under the applicable transaction agreements.   For additional information regarding fees, expenses and indemnification amounts reimbursable or payable to the trustees, you should refer to “Fees and Expenses” in this prospectus.
Asset Representations Reviewer Fees and Expenses	The issuing entity will pay the asset representations reviewer an annual fee equal to $5,000.  The asset representations reviewer will also be entitled to reimbursement or payment by the issuing entity for all expenses and indemnification amounts incurred in connection with the performance of its duties under the asset representations review agreement.  In the event an asset representations review occurs, the issuing entity will also pay the asset representations reviewer a fee equal to $200 for each receivable reviewed by it.

	For additional information regarding fees, expenses and indemnification amounts reimbursable or payable to the asset representations reviewer, you should refer to “Fees and Expenses” in this prospectus.
Administration Fee	As compensation for the performance of the administrator’s obligations and as reimbursement for its expenses related thereto, the administrator will be entitled to a monthly administration fee, which will be paid by the servicer from the total servicing fee.
Interest and Principal Payments	Interest Rates
	The notes will bear interest for each interest period at the interest rates specified on the front cover of this prospectus.
	Interest Accrual
	The class A-1 notes and the class A-2b notes will accrue interest on an actual/360 basis from (and including) a payment date to (but excluding) the next payment date, except that the first interest period for the class A-1 notes and the class A-2b notes will be from (and including) the closing date to (but excluding) the initial payment date.  This means that the interest due on each of the class A-1 notes and the class A-2b notes on each payment date will be the product of: (i) the outstanding principal amount of such class of notes; (ii) the related interest rate; and (iii) the actual number of days since the previous payment date (or, in the case of the first payment date, from (and including) the closing date to (but excluding) the initial payment date) divided by 360.   The class A-2b notes will accrue interest at a floating rate based on a spread over a benchmark rate, which initially will be the SOFR Rate. However, the benchmark rate may change in certain situations. For more information on how the SOFR Rate is determined and the circumstances in which the benchmark rate may change, you should read “Description of the Notes—Payments of Interest” in this prospectus.  If the benchmark rate is less than 0.00% for any interest period, then the benchmark rate for such interest period will be deemed to be 0.00%. See “Description of the Notes—Payments of Interest—General” in this prospectus.
	The class A-2a notes, the class A-3 notes, the class A-4 notes and the class B notes will accrue interest on a 30/360 basis from (and including) the 15th day of the calendar month preceding a payment date to (but excluding) the 15th day of the calendar month in which the payment date occurs, except that the first interest period for the class A-2a notes, the class A-3 notes, the class A-4 notes and the class B notes will be from (and including) the closing date to (but excluding) May 15, 2025.  This means that the interest due on each of the class A-2a notes, the class A-3 notes, the class A-4 notes and the class B notes on each payment date will be the product of: (i) the outstanding principal amount of such class of notes; (ii) the related interest rate; and (iii) 30 (or, in the case of the first payment date, the number of days from (and including) the closing date to (but excluding) May 15, 2025 (assuming a 30-day calendar month)) divided by 360.
	If the full amount of interest due on the controlling class is not paid within five business days of a payment date, an event of default will occur, which may result in an acceleration of the notes. If noteholders of any class do not receive all interest owed on their notes on any payment date, the issuing entity will make payments of interest on later payment dates to make up the shortfall (together with interest on such amounts at

	the applicable interest rate for such class, to the extent permitted by law) to the extent funds are available to do so pursuant to the payment priorities described in this prospectus. The class A notes will be the “controlling class” under the indenture while any class A notes are outstanding.  After the class A notes have been paid in full, the class B notes will be the controlling class.
	For additional information regarding the payment of interest on the notes, you should refer to “Description of the Notes––Payments of Interest” and “Payments to Noteholders” in this prospectus.
	Principal Payments
	On each payment date, except after the acceleration of the notes following an event of default, from the amounts allocated to the noteholders to pay principal described in clauses (4), (6) and (8) under “—Priority of Payments” below, the issuing entity will pay principal of the notes in the following order of priority:
	1.	to the class A-1 notes, until the principal amount of the class A‑1 notes is reduced to zero; then
	2.	to the class A-2a notes and the class A-2b notes, pro rata, based on the aggregate outstanding principal amounts of each of those classes of notes, until the principal amount of each such class of notes is reduced to zero; then
	3.	to the class A-3 notes, until the principal amount of the class A‑3 notes is reduced to zero; then
	4.	to the class A-4 notes, until the principal amount of the class A‑4 notes is reduced to zero; and then
	5.	to the class B notes, until the principal amount of the class B notes is reduced to zero.
	If the notes are declared to be due and payable following the occurrence of an event of default, the issuing entity will pay principal of the notes from funds allocated to the noteholders, first, to the class A-1 notes until the principal amount of the class A-1 notes is reduced to zero, second, pro rata, based upon their respective unpaid principal amounts, to the class A-2a notes, the class A-2b notes, the class A-3 notes and the class A-4 notes until the principal amount of each such class of notes is reduced to zero, and third, to the class B notes until the principal amount of the class B notes is reduced to zero.   All outstanding principal and interest with respect to a class of notes will be payable in full on its final scheduled payment date.   For additional information regarding the payment of principal of the notes, you should refer to “Payments to Noteholders” in this prospectus.
	Priority of Payments
	On each payment date, except after the acceleration of the notes following an event of default, the issuing entity will make payments in the following order of priority (after payment to the servicer of the supplemental servicing fee, to the extent not previously retained by the servicer) from available collections received during the related collection period (and, if applicable, from amounts withdrawn from the reserve account):

	1.	Servicing Fee –– to the servicer, the servicing fee;
	2.	Transaction Fees and Expenses — to the indenture trustee, the owner trustee and the asset representations reviewer, the amount of any fees, expenses and indemnification amounts due to each such party, pro rata, based on amounts due to each such party, in an aggregate amount not to exceed $300,000 in any calendar year;
	3.	Class A Note Interest –– to the class A noteholders (pro rata, based upon the aggregate amount of interest due to each class of the class A notes), accrued and unpaid interest on each class of class A notes;
	4.	Class A Note Principal –– to the noteholders, to be paid in the priority described under “—Principal Payments” above, the first priority principal distribution amount;
	the “first priority principal distribution amount” means, with respect to any payment date, an amount equal to the excess, if any, of (a) the aggregate outstanding principal amount of the class A notes as of such payment date (before giving effect to any principal payments made on the class A notes on such payment date), over (b) the aggregate principal balance of the receivables less the yield supplement overcollateralization amount (which amount is referred to in this prospectus as the “adjusted pool balance”), in each case, as of the last day of the related collection period; provided, that, for the final scheduled payment date of any class of class A notes, the “first priority principal distribution amount” will not be less than the amount necessary to reduce the outstanding principal amount of such class of class A notes to zero;
	5.	Class B Note Interest ––  to the class B noteholders, accrued and unpaid interest on the class B notes;
	6.	Note Principal –– to the noteholders, to be paid in the priority described under “—Principal Payments” above, the second priority principal distribution amount;
	the “second priority principal distribution amount” means, with respect to any payment date, an amount equal to (a) the excess, if any, of (i) the aggregate outstanding principal amount of the class A notes and class B notes as of such payment date (before giving effect to any principal payments made on the class A notes and class B notes on such payment date), over (ii) the adjusted pool balance as of the last day of the related collection period, minus (b) the first priority principal distribution amount for such payment date; provided, that, for the final scheduled payment date of the class B notes, the “second priority principal distribution amount” will not be less than the amount necessary to reduce the outstanding principal amount of the class B notes to zero;
	7.	Reserve Account Deposit –– to the reserve account, to the extent amounts then on deposit in the reserve account are less than the specified reserve account balance described below under “—Credit Enhancement—Reserve Account,” until the amount on deposit in the reserve account equals such specified reserve account balance;

	8.	Note Principal –– to the noteholders, to be paid in the priority described under “—Principal Payments” above, the regular principal distribution amount;
	the “regular principal distribution amount” means, with respect to any payment date, an amount equal to (a) the excess, if any, of (i) the aggregate outstanding principal amount of the notes as of such payment date (before giving effect to any principal payments made on the notes on such payment date), over (ii) the adjusted pool balance as of the last day of the related collection period less the overcollateralization target amount, minus (b) the sum of the first priority principal distribution amount and the second priority principal distribution amount for such payment date;
	9.	Additional Transaction Fees and Expenses –– to the indenture trustee, the owner trustee, and the asset representations reviewer, the amount of any fees, expenses and indemnification amounts due to each such party and remaining unpaid, pro rata, based on amounts due to each such party; and
	10.	Excess Amounts –– to the certificateholder, any remaining amounts.
	For additional information regarding the priority of payments on the notes, you should refer to “Payments to Noteholders—Calculation of Available Collections” and “—Priority of Payments” in this prospectus.
	Change in Priority of Distribution upon Events of Default Resulting in an Acceleration of the Notes   Following the occurrence of an event of default under the indenture that results in the acceleration of the maturity of the notes, and unless and until such acceleration has been rescinded, the issuing entity will make the following payments in the following order of priority (after payment to the servicer of the supplemental servicing fee, to the extent not previously retained by the servicer) from available collections received during the related collection period:
	1.	Servicing Fee –– to the servicer, the servicing fee;
	2.	Transaction Fees and Expenses –– to the indenture trustee, the owner trustee and the asset representations reviewer, the amount of any fees, expenses and indemnification amounts due to each such party, pro rata, based on amounts due to each such party;
	3.	Class A Note Interest –– to the class A noteholders (pro rata, based upon the aggregate amount of interest due to each class of the class A notes), accrued and unpaid interest on each class of class A notes;
	4.	Class A Note Principal –– to the class A noteholders, to be paid in the priority described under “—Principal Payments” above;
	5.	Class B Note Interest –– to the class B noteholders, accrued and unpaid interest on the class B notes;
	6.	Class B Note Principal –– to the class B noteholders, until the principal amount of the class B notes is reduced to zero; and

	7.	Excess Amounts –– to the certificateholder, any remaining amounts.
	Following the occurrence of an event of default under the indenture that results in the acceleration of the maturity of the notes, amounts on deposit in the reserve account will be withdrawn and used to the extent necessary to pay principal of the notes as described in clauses (4) and (6) above, in that order of priority. For additional information regarding the priority of payments on the notes after the acceleration of the notes following an event of default, you should refer to “Payments to Noteholders—Calculation of Available Collections” and “—Priority of Payments” in this prospectus.
	Final Scheduled Payment Dates
	The issuing entity is required to pay the outstanding principal amount of each class of notes in full on or before the related final scheduled payment date specified on the front cover of this prospectus.
Events of Default	Each of the following will constitute an event of default under the indenture:
	(a)	a default for five business days or more in the payment of any interest on any of the outstanding classes of the controlling class;
	(b)	a default in the payment in full of the principal of any note on its final scheduled payment date or the redemption date for such note;
	(c)	a default in the observance or performance of any covenant or agreement of the issuing entity made in the indenture which materially and adversely affects the noteholders, subject to notice and cure provisions;
	(d)	any representation or warranty made by the issuing entity in the indenture having been incorrect in a material respect as of the time made, subject to notice and cure provisions; or
	(e)	certain events of bankruptcy, insolvency, receivership or liquidation of the issuing entity;
	provided, however, that a delay in or failure of performance referred to in clause (a), (b), (c) or (d) above will not constitute an event of default for a period of 30 days after the applicable cure period under the indenture if that delay or failure was caused by force majeure or other similar occurrence.   If an event of default under the indenture should occur and is continuing, the indenture trustee or the holders of notes evidencing not less than a majority of the aggregate principal amount of the notes of the controlling class then outstanding (excluding for these purposes the aggregate outstanding principal amount of any notes held of record or beneficially owned by TMCC, the depositor or any of their affiliates), acting together as a single class, may declare an acceleration of the notes and the principal of the notes to be immediately due and payable.   For additional information regarding the events of default, you should refer to “Description of the Notes—Indenture—Events of Default; Rights Upon Event of Default” in this prospectus.

Credit Enhancement	Credit enhancement is intended to protect you against losses and delays in payments on your notes.  If losses on the receivables and other shortfalls in cash flows exceed the amount of available credit enhancement, such losses will not be allocated to write down the principal amount of any class of notes. Instead, the amount available to make payments on the notes will be reduced to the extent of such losses.  The credit enhancement for the notes is:
	•	the reserve account;
	•	overcollateralization;
	•	the yield supplement overcollateralization amount;
	•	in the case of the class A notes, subordination of the class B notes; and
	•	excess interest on the receivables.
	If the credit enhancement is not sufficient to cover all amounts payable on the notes, notes having a later scheduled final payment date generally will bear a greater risk of loss than notes having an earlier final scheduled payment date.  For additional information, you should refer to “Risk Factors— Risks Primarily Related to the Nature of the Notes and the Structure of the Transaction—Payment priorities increase risk of loss or delay in payment to certain classes of notes,” “Risk Factors—Risks Primarily Related to the Nature of the Notes and the Structure of the Transaction—You must rely for repayment only upon payments from the issuing entity’s assets, which may not be sufficient to make full payments on your notes” and “Payments to Noteholders” in this prospectus.
	Reserve Account
	On each payment date, funds will be withdrawn from the reserve account (1) to cover shortfalls in the amounts required to be paid on that payment date with respect to clauses (1) through (6) under “—Priority of Payments” above, (2) after an event of default that results in the acceleration of the maturity of the notes, to pay principal on the notes, and (3) to pay principal on any class of notes on the final scheduled payment date of that class of notes.
	On the closing date, (i) if the aggregate initial principal amount of the notes is $1,250,000,000, the depositor will cause to be deposited at least $3,125,021.29 into the reserve account,(ii) if the aggregate initial principal amount of the notes is $1,600,000,000, the depositor will cause to be deposited at least $4,000,000.45 into the reserve account and (iii) if the aggregate initial principal amount of the notes is $1,900,000,000, the depositor will cause to be deposited at least $4,750,000.59 into the reserve account, which in each case is approximately 0.25% of the related adjusted pool balance as of the cutoff date.  On each payment date, after making required payments to the servicer, the indenture trustee, the owner trustee, the asset representations reviewer and the noteholders, any remaining available collections will be deposited into the reserve account to the extent necessary to maintain the amount on deposit in the reserve account at the specified reserve account balance.
	On any payment date prior to an event of default that results in an acceleration of the maturity of the notes, if the amount in the reserve account exceeds the specified reserve account balance, the excess will be distributed to the depositor.  The “specified reserve account balance” is,

	on any payment date, the lesser of (a) the amount deposited into the reserve account on the closing date and (b) the aggregate outstanding principal amount of the notes after giving effect to all payments of principal on that payment date.  In addition, on any payment date prior to an event of default that results in an acceleration of the maturity of the notes, net investment earnings on the amounts on deposit in the reserve account will be distributed to the depositor.
	For additional information regarding the reserve account, you should refer to “Payments to Noteholders—Credit and Cash Flow Enhancement—Reserve Account” in this prospectus.
	Overcollateralization
	Overcollateralization represents the amount by which the adjusted pool balance exceeds the aggregate outstanding principal amount of the notes. Overcollateralization will be available as an additional source of funds to absorb losses on the receivables that are not otherwise covered by excess collections on the receivables.  The adjusted pool balance as of the cutoff date is expected to be approximately equal to the aggregate initial principal amount of the notes.   The application of funds according to clause (8) under “—Interest and Principal Payments—Priority of Payments” above is designed to achieve and maintain the level of overcollateralization as of any payment date to a target amount of 0.85% of the adjusted pool balance as of the cutoff date.  This amount is referred to in this prospectus as the “overcollateralization target amount.”
	For additional information regarding overcollateralization, you should refer to “Payments to Noteholders—Credit and Cash Flow Enhancement—Overcollateralization” in this prospectus.
	Yield Supplement Overcollateralization Amount
	The yield supplement overcollateralization amount for each payment date or with respect to the closing date is the aggregate amount by which the principal balance as of the last day of the related collection period or the cutoff date, as applicable, of each receivable with an APR below 8.00% (referred to herein as the “required rate”), other than any defaulted receivable, exceeds the present value of the future payments on such receivables, calculated as if their APRs were equal to the required rate, assuming such future payment is made on the last day of each month and each month has 30 days.   For additional information regarding the calculation of the yield supplement overcollateralization amount and its effect on the payment of principal, you should refer to “Payments to Noteholders—Credit and Cash Flow Enhancement—Yield Supplement Overcollateralization Amount” and “—Overcollateralization” in this prospectus.
	Subordination
	Payments of interest on the class B notes will be subordinated to payments of interest on the class A notes and certain other payments on each payment date (including principal payments of the class A notes in specified circumstances). No payments of principal will be made on the class B notes until the principal of and interest on the class A notes has been paid in full.

	If an event of default that results in the acceleration of payment of the notes occurs, no payments of interest or principal will be made on the class B notes until the class A notes are paid in full. Consequently, the holders of the class B notes will incur losses and shortfalls because of delinquencies and losses on the receivables before the holders of the class A notes incur those losses and shortfalls.   While any class A notes are outstanding, the failure to pay interest on the class B notes will not be an event of default.   For additional information, you should refer to “Payments to Noteholders—Credit and Cash Flow Enhancement—Subordination of Principal and Interest” in this prospectus.
	Excess Interest
	More interest is expected to be paid by the obligors in respect of the receivables than is necessary to pay the sum of (i) the servicing fee, (ii) fees required to be paid to the indenture trustee, the owner trustee and the asset representations reviewer and (iii) interest on the notes each month.   Any such excess in interest payments from obligors will serve as additional credit enhancement.   For additional information, you should refer to “Payments to Noteholders—Credit and Cash Flow Enhancement—Excess Interest” in this prospectus.
Optional Redemption; Clean-Up Call	The servicer may purchase the receivables remaining in the issuing entity at a price equal to at least the sum of (i) the unpaid principal amount of the notes plus any accrued and unpaid interest thereon and (ii) all outstanding fees, expenses and indemnification amounts payable by the issuing entity under the transaction documents on any payment date when the aggregate outstanding principal balance of the receivables has declined to 5% or less of the aggregate principal balance of the receivables as of the cutoff date.  Upon the exercise of this clean-up call option by the servicer, the issuing entity must redeem the notes in whole, and not in part.
	For additional information, you should refer to “Transfer and Servicing Agreements––Optional Purchase of Receivables and Redemption of Notes” in this prospectus.
Removal of Pool Assets	Breaches of Representations and Warranties.  Upon sale of the receivables to the depositor, TMCC will make certain representations and warranties to the depositor regarding the receivables, and upon sale of the receivables to the issuing entity, the depositor will make certain corresponding representations and warranties to the issuing entity regarding the receivables.  The depositor is required to repurchase from the issuing entity, and TMCC is required to repurchase from the depositor, in turn, any receivable for which a representation or warranty has been breached if such breach materially and adversely affects the issuing entity or the noteholders and such breach has not been cured in all material respects.
	For additional information, you should refer to “Repurchases of Receivables” in this prospectus.

Breach of Servicer Covenants.  The servicer will be required to purchase any receivable with respect to which specified servicing covenants made by the servicer under the sale and servicing agreement are breached and are not cured in all material respects.

CUSIP Numbers	Class A-1 Notes:	89231H AA4
	Class A-2a Notes:	89231H AB2
	Class A-2b Notes:	89231H AC0
	Class A-3 Notes:	89231H AD8
	Class A-4 Notes:	89231H AE6

Tax Status	Subject to important considerations described under “Material U.S. Federal Income Tax Considerations” and “Certain State Tax Consequences” in this prospectus, Morgan, Lewis & Bockius LLP, special tax counsel to the issuing entity, will deliver its opinion that:
	•	as of their issuance date, the class A notes held by parties unaffiliated with the issuing entity will be classified as debt for U.S. federal income tax purposes; and
	•	the issuing entity will not be classified as an association or a publicly traded partnership, in either case taxable as a corporation for U.S. federal income tax purposes.
	The characterization of the retained notes as equity or indebtedness for U.S. federal income tax purposes will be determined only when such retained notes are transferred to a party unaffiliated with the issuing entity.  If you purchase notes offered by this prospectus, you will agree to treat such notes as debt for purposes of U.S. federal and state income tax, franchise tax and any other tax measured in whole or in part by income.  You should consult your own tax advisor regarding the U.S. federal tax considerations applicable to the purchase, ownership and disposition of the notes offered by this prospectus, and the tax consequences arising under the laws of any state or other taxing jurisdiction.
	For additional information regarding the application of U.S. federal income tax and state tax laws to the issuing entity and the notes offered by this prospectus, you should refer to “Material U.S. Federal Income Tax Considerations” and “Certain State Tax Consequences” in this prospectus.
ERISA Considerations	The class A notes sold to parties unaffiliated with the issuing entity may generally be acquired by employee benefit plans and individual retirement accounts, subject to those considerations discussed under “ERISA Considerations” in this prospectus.
	For additional information, you should refer to “ERISA Considerations” in this prospectus.  If you are a benefit plan fiduciary considering the acquisition of the notes you should, among other things, consult with your counsel in determining whether all required conditions have been satisfied.
Certain Investment Company Act Considerations	The issuing entity will be relying on an exclusion or exemption from the definition of “investment company” under the Investment Company Act of 1940, as amended, contained in Rule 3a-7 under the Investment Company Act of 1940, as amended, although there may be additional

	exclusions or exemptions available to the issuing entity. The issuing entity is being structured so as not to constitute a “covered fund” for purposes of the regulations adopted to implement Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Eligibility for Purchase by Money Market Funds	The class A-1 notes have been structured to be “eligible securities” as defined in paragraph (a)(11) of Rule 2a-7 under the Investment Company Act of 1940, as amended. Rule 2a-7 includes additional criteria for investments by money market funds, including requirements relating to portfolio maturity, liquidity and risk diversification.  A money market fund should consult its legal advisers regarding the eligibility of the class A-1 notes under Rule 2a-7 and whether an investment in the class A-1 notes satisfies the fund’s investment policies, ratings requirements and objectives.

•

the limited pool of receivables and other assets available to make payments on the notes;

•

the unknown aggregate initial principal amount of the notes;

•

the subordination of certain classes of the notes to other more senior classes of the notes;

•

unpredictability of the rate at which the notes will amortize, and the potential acceleration of payments on the notes due to the occurrence of an event of default; and

•

the suitability of the notes as investments for investors subject to the EU Securitization Regulation or the UK Securitization Framework.

•

the issuing entity may issue floating rate notes, but it will not enter into any interest rate hedge agreement in connection with the class A-2b notes;

•

the use of SOFR in asset-backed securities transactions is relatively new, and there may be unanticipated problems in the use, calculation or performance of SOFR;

•

uncertainty about SOFR’s differences from LIBOR, including its composition, characteristics and market acceptance, may have an adverse impact on the class A-2b notes;

•

changes to, or the elimination of, SOFR or the determinations made by the administrator may adversely affect the class A-2b notes; and

•

the unknown allocation of the class A-2a notes and the class A-2b notes.

•

the effect of health epidemics and other outbreaks, and related measures taken in response thereto, on TMCC and the obligors of the receivables, on the transaction parties and on the abilities of the transaction parties to perform their respective obligations under the transaction agreements;

•

economic developments, geopolitical conditions and other market events;

•

discount pricing incentives, marketing incentive programs and other used car market factors that may impact the amounts received upon disposition of the financing vehicles;

•

certain contractual terms and low annual percentage rates of the receivables, and the rate of depreciation of the related financed vehicles;

•

potential adverse effects of any recalls with respect to the financed vehicles; and

•

geographic concentrations of the receivables and extreme weather conditions, public health concerns, natural disasters and other similar events in specific geographic areas.

•

federal and state consumer protection laws regulating the creation, collection and enforcement of the receivables;

•

the regulatory environment in which TMCC operates, and potential litigation or governmental proceedings that could affect the transaction parties; and

•

the Servicemembers Civil Relief Act and other similar state laws potentially limiting the ability of the servicer to collect from certain obligors of the receivables.

•

the ability of the servicer to commingle collections on the receivables for a limited time;

•

the potential cost of transferring servicing responsibilities to a successor servicer, in the event of a servicer default;

•

the effect of credit ratings-related matters on the servicer;

•

the potential that a security breach or cyber-attack could adversely affect TMCC’s business and its ability to service the receivables;

•

TMCC’s enterprise data practices are subject to increasingly complex, restrictive, and punitive regulations; and

•

TMCC’s servicing activities could be disrupted by a failure or interruption of its information services.

•

the bankruptcy or insolvency of TMCC, the depositor or the issuing entity;

•

interests of other persons or competing claims in the receivables or the related financed vehicles could be superior to the interests of the indenture trustee therein; and

•

the failure of the servicer to maintain control of the receivables evidenced by electronic contracts.

•

the complexity of the notes;

•

the potential absence of a secondary market for the notes;

•

withdrawal or downgrade of the ratings on the notes, potential issuance of unsolicited ratings on the notes, rating agency conflicts of interest and related regulatory scrutiny;

•

the retention by the depositor of certain of the notes; and

•

limitations on your ability to exercise rights directly, due to the absence of physical notes, and potential delays in receiving payments as the result of the notes being held in book-entry form.

•

an “automatic stay” which prevents secured creditors from exercising remedies against a debtor in bankruptcy without permission from the court and provisions of the U.S. Bankruptcy Code that permit substitution of collateral in certain circumstances;

•

certain tax or government liens on TMCC’s or the depositor’s property (that arose prior to the transfer of a receivable to the issuing entity) having a prior claim on collections before the collections are used to make payments on your notes; and

•

the fact that neither the issuing entity nor the indenture trustee has a perfected security interest in (a) one or more of the vehicles securing the receivables or (b) any cash collections held by TMCC or the depositor at the time TMCC or the depositor were to become the subject of a bankruptcy proceeding.

Class A-1 Notes		$	280,000,000.00
Class A-2a Notes(1)		$	_______
Class A-2b Notes(1)		$	_______
Class A-3 Notes		$	410,000,000.00
Class A-4 Notes		$	68,750,000.00
Class B Notes		$	31,250,000.00
Reserve Account Initial Deposit(2)		$	3,125,021.29
Yield Supplement Overcollateralization Amount		$	58,456,501.02
Initial Overcollateralization		$	8,516.20
Total		$	1,311,590,038.51

(1)

If the aggregate initial principal amount of the Notes is $1,250,000,000, the aggregate initial principal amount of the Class A-2a Notes and the Class A-2b Notes will be $460,000,000. The allocation of the aggregate initial principal amount between the Class A-2a Notes and Class A-2b Notes will be determined at the time of pricing of the Notes offered hereunder. If the aggregate initial principal amount of the Notes is $1,250,000,000, the Depositor expects that the aggregate initial principal amount of the Class A-2b Notes will not exceed $345,000,000.

(2)	The Reserve Account is pledged to the Indenture Trustee for the benefit of the Noteholders and, although the Issuing Entity does not have rights to the Reserve Account, funds on deposit therein will be applied to payments of the Notes in certain circumstances, as described in this prospectus.

Class A-1 Notes		$	358,400,000.00
Class A-2a Notes(1)		$	_______
Class A-2b Notes(1)		$	_______
Class A-3 Notes		$	524,800,000.00
Class A-4 Notes		$	88,000,000.00
Class B Notes		$	40,000,000.00
Reserve Account Initial Deposit(2)		$	4,000,000.45
Yield Supplement Overcollateralization Amount		$	74,827,486.25
Initial Overcollateralization		$	179.40
Total		$	1,678,827,666.10

____________________________

(1)

If the aggregate initial principal amount of the Notes is $1,600,000,000, the aggregate initial principal amount of the Class A-2a Notes and the Class A-2b Notes will be $588,800,000. The allocation of the aggregate initial principal amount between the Class A-2a Notes and Class A-2b Notes will be determined at the time of pricing of the Notes offered hereunder. If the aggregate initial principal amount of the Notes is $1,600,000,000, the Depositor expects that the aggregate initial principal amount of the Class A-2b Notes will not exceed $441,600,000.

(2)	The Reserve Account is pledged to the Indenture Trustee for the benefit of the Noteholders and, although the Issuing Entity does not have rights to the Reserve Account, funds on deposit therein will be applied to payments of the Notes in certain circumstances, as described in this prospectus.

Class A-1 Notes		$	425,600,000.00
Class A-2a Notes(1)		$	_______
Class A-2b Notes(1)		$	_______
Class A-3 Notes		$	623,200,000.00
Class A-4 Notes		$	104,500,000.00
Class B Notes		$	47,500,000.00
Reserve Account Initial Deposit(2)		$	4,750,000.59
Yield Supplement Overcollateralization Amount		$	88,794,521.19
Initial Overcollateralization		$	235.59
Total		$	1,993,544,757.37

____________________________

(1)

If the aggregate initial principal amount of the Notes is $1,900,000,000, the aggregate initial principal amount of the Class A-2a Notes and the Class A-2b Notes will be $699,200,000. The allocation of the aggregate initial principal amount between the Class A-2a Notes and Class A-2b Notes will be determined at the time of pricing of the Notes offered hereunder. If the aggregate initial principal amount of the Notes is $1,900,000,000, the Depositor expects that the aggregate initial principal amount of the Class A-2b Notes will not exceed $524,400,000.

(2)	The Reserve Account is pledged to the Indenture Trustee for the benefit of the Noteholders and, although the Issuing Entity does not have rights to the Reserve Account, funds on deposit therein will be applied to payments of the Notes in certain circumstances, as described in this prospectus.

•

Finance Operations – TMCC acquires retail installment sales contracts from Dealers in the U.S.A. and Puerto Rico (“retail contracts”) and leasing contracts accounted for as operating leases (“lease contracts”) from Dealers in the U.S.A.  TMCC also provides dealer financing, including wholesale financing, working capital loans, revolving lines of credit and real estate financing to Dealers in the U.S.A. and Puerto Rico.

•

Voluntary Protection Operations – Through Toyota Motor Insurance Services, Inc., a wholly-owned subsidiary, and its insurance company subsidiaries (collectively referred to as “TMIS”), TMCC provides marketing, underwriting, and claims administration for voluntary vehicle and payment protection products sold by Dealers in the U.S.A.  TMCC’s voluntary vehicle and payment protection products include vehicle service, guaranteed auto protection, prepaid maintenance, excess wear and use, tire and wheel protection, key replacement protection and used vehicle limited warranty contracts (“voluntary protection products”).  TMIS also provides coverage and related administrative services to certain of TMCC’s affiliates in the U.S.A.

•

the Servicer under the Sale and Servicing Agreement;

•

the Administrator under the Trust Agreement, the Administration Agreement or the Indenture;

•

the Depositor under the Receivables Purchase Agreement or the Trust Agreement; or

•

the Indenture Trustee under the Indenture.

Party	Amount
Servicer(1)	(i) One-twelfth of 1.00% multiplied by the outstanding Principal Balance of the Receivables as of the first day of the related Collection Period or, in the case of the first Payment Date, two-twelfths of 1.00% multiplied by the outstanding Principal Balance of the Receivables as of the Cutoff Date (the “Servicing Fee”), plus (ii) any investment earnings on amounts on deposit in the Collection Account and all late fees, extension fees and other administrative fees and expenses or similar charges allowed by applicable law with respect to the Receivables received by the Servicer during the related Collection Period (the “Supplemental Servicing Fee”).
Indenture Trustee(2)	An annual fee equal to $5,000, payable on the Payment Date occurring in April of each year, commencing in April 2026.
Owner Trustee(2)	An annual fee equal to $3,600, payable on the Payment Date occurring in April of each year, commencing in April 2026.

Party	Amount
Asset Representations Reviewer(2)	An annual fee equal to $5,000 per annum, payable on the Payment Date occurring in April of each year, commencing in April 2026. In the event of an Asset Representations Review, the Asset Representations Reviewer will also be entitled to receive a fee equal to $200 for each Receivable reviewed by it.

(1)	To be paid before any amounts are distributed to Noteholders.  The Administrator will be entitled to a monthly administration fee, which will be paid to it by the Servicer from the Total Servicing Fee.

(2)

Fees, expenses and indemnification amounts payable to the Indenture Trustee, the Owner Trustee and the Asset Representations Reviewer prior to the payment of any amounts to Noteholders are subject to an aggregate cap equal to $300,000 in any calendar year prior to the occurrence of an Event of Default under the Indenture that results in the acceleration of the maturity of the Notes.

•

falls within the range of:

	remaining Principal Balance as of the Cutoff Date	$250.00 to $100,000.00
	original Principal Balance	$1,000.00 to $110,000.00
	APR	0.00% to 24.00%
	original number of monthly payments (“Scheduled Payments”)	12 to 72
	remaining number of Scheduled Payments as of the Cutoff Date	4 to 68

•

as of the Cutoff Date, had a FICO® score of at least 620; and

•

as of the Cutoff Date, does not relate to a vehicle as to which the related obligor is an employee of TMCC or any of its affiliates.

Total Principal Balance	$1,308,465,017.22
Number of Receivables	46,084
Average Principal Balance	$28,393.04
Range of Principal Balances	$252.55 - $97,005.63
Average Original Amount Financed	$36,787.32
Range of Original Amounts Financed	$3,417.00 - $109,870.00
Weighted Average APR(1)	6.05%
Range of APRs	0.00% - 22.85%
Weighted Average Original Number of Scheduled Payments(1)	65.70
Range of Original Number of Scheduled Payments	18 - 72
Percentage of Total Principal Balance Consisting of Receivables with Original Scheduled Payments Greater Than 60 Months	60.16%
Weighted Average Remaining Number of Scheduled Payments(1)	54.11
Range of Remaining Number of Scheduled Payments	4 - 68
Weighted Average FICO® score(1) (2)	769
Range of FICO® scores(2)	620 - 900

(1)	Weighted by Principal Balance as of the Cutoff Date.

(2)	FICO® is a federally registered servicemark of Fair Isaac Corporation.

New vehicles	87.91%
Used vehicles	12.09%
Cars	27.42%
Crossover utility vehicles(1)	44.76%
Light-duty trucks	20.41%
Sport utility vehicles(1)	7.41%
Toyota vehicles	82.44%
Lexus vehicles	17.56%
Hybrid electric vehicles	24.76%
Plug-in hybrid electric vehicles	0.50%
Full battery electric vehicles	0.34%
Fuel cell electric vehicles	0.00%

__________________________

(1)

Vehicles categorized in this table as “crossover utility vehicles” are included in the category of “sport utility vehicles” or “minivans” in the summary characteristics for each securitization prior to Toyota Auto Receivables 2021-B Owner Trust securitization included in Annex B, and vehicles categorized as “minivans” in the summary characteristics for each securitization prior to Toyota Auto Receivables 2021-B Owner Trust securitization included in Annex B are categorized in this table as “crossover utility vehicles.”

Total Principal Balance	$1,674,827,665.65
Number of Receivables	58,869
Average Principal Balance	$28,450.08
Range of Principal Balances	$252.55 - $97,671.06
Average Original Amount Financed	$36,827.71
Range of Original Amounts Financed	$3,118.38 - $109,870.00
Weighted Average APR(1)	6.05%
Range of APRs	0.00% - 24.00%
Weighted Average Original Number of Scheduled Payments(1)	65.72
Range of Original Number of Scheduled Payments	12 - 72
Percentage of Total Principal Balance Consisting of Receivables with Original Scheduled Payments Greater Than 60 Months	60.21%
Weighted Average Remaining Number of Scheduled Payments(1)	54.17
Range of Remaining Number of Scheduled Payments	4 - 68
Weighted Average FICO® score(1) (2)	769
Range of FICO® scores(2)	620 - 900

__________________________

(1)	Weighted by Principal Balance as of the Cutoff Date.

(2)	FICO® is a federally registered servicemark of Fair Isaac Corporation.

New vehicles	87.92%
Used vehicles	12.08%
Cars	27.45%
Crossover utility vehicles(1)	44.80%
Light-duty trucks	20.37%
Sport utility vehicles(1)	7.37%
Toyota vehicles	82.47%
Lexus vehicles	17.53%
Hybrid electric vehicles	24.88%
Plug-in hybrid electric vehicles	0.51%
Full battery electric vehicles	0.34%
Fuel cell electric vehicles	0.00%

__________________________

(1)

Vehicles categorized in this table as “crossover utility vehicles” are included in the category of “sport utility vehicles” or “minivans” in the summary characteristics for each securitization prior to Toyota Auto Receivables 2021-B Owner Trust securitization included in Annex B, and vehicles categorized as “minivans” in the summary characteristics for each securitization prior to Toyota Auto Receivables 2021-B Owner Trust securitization included in Annex B are categorized in this table as “crossover utility vehicles.”

Total Principal Balance	$1,988,794,756.78
Number of Receivables	69,955
Average Principal Balance	$28,429.63
Range of Principal Balances	$252.55 - $97,671.06
Average Original Amount Financed	$36,803.90
Range of Original Amounts Financed	$3,118.38 - $109,870.00
Weighted Average APR(1)	6.05%
Range of APRs	0.00% - 24.00%
Weighted Average Original Number of Scheduled Payments(1)	65.73
Range of Original Number of Scheduled Payments	12 - 72
Percentage of Total Principal Balance Consisting of Receivables with Original Scheduled Payments Greater Than 60 Months	60.23%
Weighted Average Remaining Number of Scheduled Payments(1)	54.16
Range of Remaining Number of Scheduled Payments	4 - 68
Weighted Average FICO® score(1) (2)	769
Range of FICO® scores(2)	620 - 900

__________________________

(1)	Weighted by Principal Balance as of the Cutoff Date.

(2)	FICO® is a federally registered servicemark of Fair Isaac Corporation.

New vehicles	87.96%
Used vehicles	12.04%
Cars	27.45%
Crossover utility vehicles(1)	44.87%
Light-duty trucks	20.34%
Sport utility vehicles(1)	7.33%
Toyota vehicles	82.60%
Lexus vehicles	17.40%
Hybrid electric vehicles	24.91%
Plug-in hybrid electric vehicles	0.51%
Full battery electric vehicles	0.34%
Fuel cell electric vehicles	0.00%

__________________________

(1)

Vehicles categorized in this table as “crossover utility vehicles” are included in the category of “sport utility vehicles” or “minivans” in the summary characteristics for each securitization prior to Toyota Auto Receivables 2021-B Owner Trust securitization included in Annex B, and vehicles categorized as “minivans” in the summary characteristics for each securitization prior to Toyota Auto Receivables 2021-B Owner Trust securitization included in Annex B are categorized in this table as “crossover utility vehicles.”

Range of APRs		Number of Receivables				Percentage of Total Number of Receivables				Cutoff Date Aggregate Principal Balance				Percentage of Cutoff Date Aggregate Principal Balance
0.00 - 0.99%			1,126				2.44	%		$	19,352,322.70				1.48	%
1.00 - 1.99%			1,420				3.08				35,808,779.95				2.74
2.00 - 2.99%			2,229				4.84				56,868,133.77				4.35
3.00 - 3.99%			3,669				7.96				87,433,558.04				6.68
4.00 - 4.99%			9,483				20.58				261,385,542.13				19.98
5.00 - 5.99%			13,216				28.68				404,124,826.16				30.89
6.00 - 6.99%			4,995				10.84				151,667,931.52				11.59
7.00 - 7.99%			2,940				6.38				87,453,101.44				6.68
8.00 - 8.99%			2,818				6.11				80,369,664.92				6.14
9.00 - 9.99%			1,565				3.40				46,832,763.86				3.58
10.00 - 10.99%			1,100				2.39				33,125,803.56				2.53
11.00 - 11.99%			548				1.19				16,064,275.37				1.23
12.00 - 12.99%			399				0.87				11,271,785.22				0.86
13.00 - 13.99%			207				0.45				6,027,554.40				0.46
14.00 - 14.99%			120				0.26				3,431,588.53				0.26
15.00 - 15.99%			79				0.17				2,543,099.87				0.19
16.00 - 16.99%			56				0.12				1,825,769.85				0.14
17.00 - 17.99%			49				0.11				1,318,491.50				0.10
18.00 - 18.99%			22				0.05				584,785.26				0.04
19.00 or greater			43				0.09				975,239.17				0.07
Total(1):			46,084				100.00	%		$	1,308,465,017.22				100.00	%

(1)	Percentages may not add to 100% due to rounding.

Range of APRs		Number of Receivables				Percentage of Total Number of Receivables				Cutoff Date Aggregate Principal Balance				Percentage of Cutoff Date Aggregate Principal Balance
0.00 - 0.99%			1,440				2.45	%		$	24,706,211.06				1.48	%
1.00 - 1.99%			1,797				3.05				45,151,880.70				2.70
2.00 - 2.99%			2,803				4.76				71,946,301.94				4.30
3.00 - 3.99%			4,707				8.00				113,945,151.01				6.80
4.00 - 4.99%			12,074				20.51				333,494,043.49				19.91
5.00 - 5.99%			16,928				28.76				517,655,826.66				30.91
6.00 - 6.99%			6,369				10.82				192,925,910.88				11.52
7.00 - 7.99%			3,771				6.41				112,140,403.31				6.70
8.00 - 8.99%			3,608				6.13				103,015,134.90				6.15
9.00 - 9.99%			2,029				3.45				61,217,152.20				3.66
10.00 - 10.99%			1,391				2.36				42,400,610.58				2.53
11.00 - 11.99%			729				1.24				21,449,199.76				1.28
12.00 - 12.99%			483				0.82				13,491,634.38				0.81
13.00 - 13.99%			268				0.46				7,786,854.94				0.46
14.00 - 14.99%			153				0.26				4,355,896.06				0.26
15.00 - 15.99%			106				0.18				3,130,096.80				0.19
16.00 - 16.99%			68				0.12				2,322,156.59				0.14
17.00 - 17.99%			59				0.10				1,596,992.96				0.10
18.00 - 18.99%			32				0.05				860,509.37				0.05
19.00 or greater			54				0.09				1,235,698.06				0.07
Total(1):			58,869				100.00	%		$	1,674,827,665.65				100.00	%

_____________________________

(1)	Percentages may not add to 100% due to rounding.

Range of APRs		Number of Receivables				Percentage of Total Number of Receivables				Cutoff Date Aggregate Principal Balance				Percentage of Cutoff Date Aggregate Principal Balance
0.00 - 0.99%			1,706				2.44	%		$	28,777,039.39				1.45	%
1.00 - 1.99%			2,110				3.02				53,316,143.18				2.68
2.00 - 2.99%			3,323				4.75				84,783,058.02				4.26
3.00 - 3.99%			5,620				8.03				135,520,836.27				6.81
4.00 - 4.99%			14,286				20.42				396,031,072.22				19.91
5.00 - 5.99%			20,198				28.87				617,048,635.14				31.03
6.00 - 6.99%			7,582				10.84				228,819,019.81				11.51
7.00 - 7.99%			4,500				6.43				133,162,211.33				6.70
8.00 - 8.99%			4,286				6.13				122,245,120.84				6.15
9.00 - 9.99%			2,410				3.45				73,079,278.41				3.67
10.00 - 10.99%			1,608				2.30				49,243,919.84				2.48
11.00 - 11.99%			881				1.26				25,871,111.01				1.30
12.00 - 12.99%			582				0.83				16,162,531.65				0.81
13.00 - 13.99%			325				0.46				9,346,324.50				0.47
14.00 - 14.99%			177				0.25				5,113,463.25				0.26
15.00 - 15.99%			122				0.17				3,575,109.29				0.18
16.00 - 16.99%			79				0.11				2,668,432.07				0.13
17.00 - 17.99%			66				0.09				1,756,777.08				0.09
18.00 - 18.99%			35				0.05				949,614.10				0.05
19.00 or greater			59				0.08				1,325,059.38				0.07
Total(1):			69,955				100.00	%		$	1,988,794,756.78				100.00	%

_____________________________

(1)	Percentages may not add to 100% due to rounding.

Geographic Distribution		Number of Receivables				Percentage of Total Number of Receivables				Cutoff Date Aggregate Principal Balance				Percentage of Cutoff Date Aggregate Principal Balance
Alabama			97				0.21	%		$	3,322,571.39				0.25	%
Alaska			109				0.24				3,243,611.52				0.25
Arizona			1,434				3.11				43,312,911.66				3.31
Arkansas			596				1.29				18,689,470.76				1.43
California			9,641				20.92				273,120,581.48				20.87
Colorado			766				1.66				21,063,668.01				1.61
Connecticut			560				1.22				13,800,777.86				1.05
Delaware			172				0.37				4,539,330.06				0.35
District of Columbia			64				0.14				1,686,411.62				0.13
Florida			886				1.92				28,012,031.93				2.14
Georgia			332				0.72				11,686,819.99				0.89
Idaho			279				0.61				7,729,003.54				0.59
Illinois			1,972				4.28				54,648,123.26				4.18
Indiana			119				0.26				2,594,728.03				0.20
Iowa			285				0.62				7,215,558.06				0.55
Kansas			284				0.62				8,321,214.34				0.64
Kentucky			532				1.15				14,285,115.81				1.09
Louisiana			759				1.65				22,940,268.85				1.75
Maine			187				0.41				4,355,157.38				0.33
Maryland			1,494				3.24				42,727,000.54				3.27
Massachusetts			1,327				2.88				31,973,640.79				2.44
Michigan			619				1.34				16,515,155.36				1.26
Minnesota			741				1.61				20,141,987.24				1.54
Mississippi			500				1.08				15,653,946.55				1.20
Missouri			645				1.40				17,010,667.10				1.30
Montana			137				0.30				3,518,636.88				0.27
Nebraska			197				0.43				5,208,035.15				0.40
Nevada			758				1.64				24,620,834.14				1.88
New Hampshire			81				0.18				1,779,731.20				0.14
New Jersey			1,507				3.27				39,472,102.22				3.02
New Mexico			246				0.53				7,585,970.87				0.58
New York			1,587				3.44				39,893,721.17				3.05
North Carolina			275				0.60				8,663,722.52				0.66
North Dakota			78				0.17				2,335,196.04				0.18
Ohio			1,277				2.77				33,208,304.59				2.54
Oklahoma			557				1.21				16,695,715.51				1.28
Oregon			761				1.65				18,978,013.63				1.45
Pennsylvania			2,141				4.65				53,499,863.55				4.09
Rhode Island			154				0.33				3,783,622.44				0.29
South Carolina			133				0.29				4,452,219.94				0.34
South Dakota			57				0.12				1,578,317.71				0.12
Tennessee			967				2.10				28,640,746.29				2.19
Texas			6,893				14.96				220,691,637.24				16.87
Utah			304				0.66				8,750,941.03				0.67
Vermont			178				0.39				3,585,313.59				0.27
Virginia			1,756				3.81				48,781,122.98				3.73
Washington			1,015				2.20				28,855,386.33				2.21
West Virginia			392				0.85				10,104,019.98				0.77
Wisconsin			158				0.34				2,980,094.51				0.23
Wyoming			75				0.16				2,211,994.58				0.17
Total(2):			46,084				100.00	%		$	1,308,465,017.22				100.00	%

_____________________________

(1)	Based solely on the mailing addresses of the Obligors.

(2)	Percentages may not add to 100% due to rounding.

Geographic Distribution		Number of Receivables				Percentage of Total Number of Receivables				Cutoff Date Aggregate Principal Balance				Percentage of Cutoff Date Aggregate Principal Balance
Alabama			129				0.22	%		$	4,323,525.97				0.26	%
Alaska			137				0.23				4,309,289.07				0.26
Arizona			1,850				3.14				56,201,157.48				3.36
Arkansas			756				1.28				23,661,663.29				1.41
California			12,306				20.90				349,031,745.38				20.84
Colorado			994				1.69				27,292,715.87				1.63
Connecticut			713				1.21				17,741,360.39				1.06
Delaware			223				0.38				5,949,932.98				0.36
District of Columbia			83				0.14				2,149,585.00				0.13
Florida			1,099				1.87				35,282,655.98				2.11
Georgia			448				0.76				15,683,626.39				0.94
Idaho			361				0.61				9,954,118.38				0.59
Illinois			2,487				4.22				68,449,816.72				4.09
Indiana			153				0.26				3,295,486.45				0.20
Iowa			376				0.64				9,639,798.13				0.58
Kansas			372				0.63				10,615,112.61				0.63
Kentucky			678				1.15				17,973,363.98				1.07
Louisiana			995				1.69				30,051,732.49				1.79
Maine			243				0.41				5,701,855.07				0.34
Maryland			1,876				3.19				53,779,474.80				3.21
Massachusetts			1,679				2.85				40,601,508.14				2.42
Michigan			779				1.32				20,728,933.24				1.24
Minnesota			931				1.58				25,352,965.82				1.51
Mississippi			656				1.11				20,839,809.09				1.24
Missouri			820				1.39				21,868,018.35				1.31
Montana			176				0.30				4,496,207.78				0.27
Nebraska			262				0.45				6,917,162.39				0.41
Nevada			992				1.69				32,339,726.65				1.93
New Hampshire			95				0.16				2,092,807.39				0.12
New Jersey			1,949				3.31				51,027,834.23				3.05
New Mexico			322				0.55				10,153,443.34				0.61
New York			2,017				3.43				50,372,538.81				3.01
North Carolina			351				0.60				11,032,237.10				0.66
North Dakota			104				0.18				3,115,984.21				0.19
Ohio			1,628				2.77				42,571,717.47				2.54
Oklahoma			697				1.18				21,085,757.18				1.26
Oregon			975				1.66				24,936,607.90				1.49
Pennsylvania			2,688				4.57				66,725,879.55				3.98
Rhode Island			213				0.36				5,161,138.87				0.31
South Carolina			184				0.31				6,082,370.36				0.36
South Dakota			66				0.11				1,854,093.77				0.11
Tennessee			1,241				2.11				37,291,883.54				2.23
Texas			8,808				14.96				282,204,102.78				16.85
Utah			383				0.65				11,019,028.36				0.66
Vermont			228				0.39				4,801,829.91				0.29
Virginia			2,260				3.84				62,247,376.84				3.72
Washington			1,297				2.20				37,117,480.68				2.22
West Virginia			493				0.84				12,830,658.49				0.77
Wisconsin			195				0.33				3,859,753.96				0.23
Wyoming			101				0.17				3,010,793.02				0.18
Total(2):			58,869				100.00	%		$	1,674,827,665.65				100.00	%

_____________________________

(1)	Based solely on the mailing addresses of the Obligors.

(2)	Percentages may not add to 100% due to rounding.

Geographic Distribution		Number of Receivables				Percentage of Total Number of Receivables				Cutoff Date Aggregate Principal Balance				Percentage of Cutoff Date Aggregate Principal Balance
Alabama			154				0.22	%		$	5,149,976.87				0.26	%
Alaska			157				0.22				4,827,439.13				0.24
Arizona			2,190				3.13				66,260,511.07				3.33
Arkansas			898				1.28				28,332,138.96				1.42
California			14,685				20.99				416,424,017.95				20.94
Colorado			1,171				1.67				32,464,717.45				1.63
Connecticut			862				1.23				21,459,221.63				1.08
Delaware			262				0.37				6,899,877.71				0.35
District of Columbia			103				0.15				2,603,072.20				0.13
Florida			1,311				1.87				41,729,363.65				2.10
Georgia			542				0.77				18,990,999.06				0.95
Idaho			438				0.63				12,085,347.87				0.61
Illinois			2,917				4.17				79,729,523.54				4.01
Indiana			193				0.28				4,124,841.00				0.21
Iowa			457				0.65				11,699,344.65				0.59
Kansas			458				0.65				13,135,537.64				0.66
Kentucky			800				1.14				21,037,607.10				1.06
Louisiana			1,193				1.71				36,219,403.40				1.82
Maine			279				0.40				6,534,297.36				0.33
Maryland			2,243				3.21				64,479,992.21				3.24
Massachusetts			2,002				2.86				48,633,254.66				2.45
Michigan			891				1.27				23,809,207.18				1.20
Minnesota			1,099				1.57				30,266,279.57				1.52
Mississippi			787				1.13				25,056,831.80				1.26
Missouri			963				1.38				25,497,583.83				1.28
Montana			217				0.31				5,551,118.39				0.28
Nebraska			327				0.47				8,739,755.50				0.44
Nevada			1,175				1.68				37,949,528.14				1.91
New Hampshire			113				0.16				2,515,458.63				0.13
New Jersey			2,336				3.34				61,005,736.99				3.07
New Mexico			384				0.55				12,011,522.32				0.60
New York			2,410				3.45				60,230,544.32				3.03
North Carolina			445				0.64				13,861,697.49				0.70
North Dakota			122				0.17				3,655,248.71				0.18
Ohio			1,900				2.72				50,345,876.45				2.53
Oklahoma			836				1.20				25,618,240.19				1.29
Oregon			1,156				1.65				29,108,382.10				1.46
Pennsylvania			3,202				4.58				79,544,605.60				4.00
Rhode Island			272				0.39				6,601,057.72				0.33
South Carolina			221				0.32				7,230,536.37				0.36
South Dakota			76				0.11				2,114,609.39				0.11
Tennessee			1,455				2.08				43,909,684.14				2.21
Texas			10,450				14.94				333,395,158.38				16.76
Utah			457				0.65				13,539,082.73				0.68
Vermont			270				0.39				5,965,619.23				0.30
Virginia			2,626				3.75				72,092,314.36				3.62
Washington			1,530				2.19				43,566,838.44				2.19
West Virginia			571				0.82				14,850,546.83				0.75
Wisconsin			234				0.33				4,501,422.79				0.23
Wyoming			115				0.16				3,439,784.08				0.17
Total(2):			69,955				100.00	%		$	1,988,794,756.78				100.00	%

_____________________________

(1)	Based solely on the mailing addresses of the Obligors.

(2)	Percentages may not add to 100% due to rounding.

Remaining Principal Balance ($)			Number of Receivables				Percentage of Total Number of Receivables				Cutoff Date Aggregate Principal Balance				Percentage of Cutoff Date Aggregate Principal Balance
0.01 -   2,499.99				807				1.75	%		$	1,359,177.02				0.10	%
2,500.00 -   4,999.99				1,427				3.10				5,271,863.35				0.40
5,000.00 -   9,999.99				2,655				5.76				20,151,413.49				1.54
10,000.00 - 14,999.99				3,540				7.68				44,935,879.70				3.43
15,000.00 - 19,999.99				5,119				11.11				90,146,822.55				6.89
20,000.00 - 24,999.99				6,384				13.85				143,980,486.16				11.00
25,000.00 - 29,999.99				6,767				14.68				185,947,129.73				14.21
30,000.00 - 34,999.99				5,938				12.89				192,525,120.90				14.71
35,000.00 - 39,999.99				4,601				9.98				171,749,513.47				13.13
40,000.00 - 44,999.99				3,083				6.69				130,546,046.35				9.98
45,000.00 - 49,999.99				1,963				4.26				92,873,462.02				7.10
50,000.00 - 54,999.99				1,299				2.82				68,126,234.13				5.21
55,000.00 - 59,999.99				929				2.02				53,248,667.94				4.07
60,000.00 - 64,999.99				636				1.38				39,553,410.96				3.02
65,000.00 - 69,999.99				407				0.88				27,409,027.28				2.09
70,000.00 - 74,999.99				259				0.56				18,725,120.28				1.43
75,000.00 - 79,999.99				142				0.31				10,963,420.30				0.84
80,000.00 - 84,999.99				69				0.15				5,672,605.15				0.43
85,000.00 or greater				59				0.13				5,279,616.44				0.40
Total(1):				46,084				100.00	%		$	1,308,465,017.22				100.00	%

_____________________________

(1)	Percentages may not add to 100% due to rounding.

Remaining Principal Balance ($)			Number of Receivables				Percentage of Total Number of Receivables				Cutoff Date Aggregate Principal Balance				Percentage of Cutoff Date Aggregate Principal Balance
0.01 -   2,499.99				1,026				1.74	%		$	1,725,239.36				0.10	%
2,500.00 -   4,999.99				1,827				3.10				6,746,134.47				0.40
5,000.00 -   9,999.99				3,331				5.66				25,310,134.22				1.51
10,000.00 - 14,999.99				4,543				7.72				57,673,943.28				3.44
15,000.00 - 19,999.99				6,472				10.99				113,967,471.33				6.80
20,000.00 - 24,999.99				8,154				13.85				183,920,053.48				10.98
25,000.00 - 29,999.99				8,690				14.76				238,747,649.87				14.26
30,000.00 - 34,999.99				7,624				12.95				247,185,484.47				14.76
35,000.00 - 39,999.99				5,874				9.98				219,341,217.27				13.10
40,000.00 - 44,999.99				3,892				6.61				164,760,480.36				9.84
45,000.00 - 49,999.99				2,510				4.26				118,735,281.58				7.09
50,000.00 - 54,999.99				1,703				2.89				89,266,613.49				5.33
55,000.00 - 59,999.99				1,201				2.04				68,809,454.20				4.11
60,000.00 - 64,999.99				822				1.40				51,169,447.75				3.06
65,000.00 - 69,999.99				515				0.87				34,693,321.03				2.07
70,000.00 - 74,999.99				322				0.55				23,268,321.87				1.39
75,000.00 - 79,999.99				189				0.32				14,590,133.82				0.87
80,000.00 - 84,999.99				92				0.16				7,563,253.57				0.45
85,000.00 or greater				82				0.14				7,354,030.23				0.44
Total(1):				58,869				100.00	%		$	1,674,827,665.65				100.00	%

_____________________________

(1)

Percentages may not add to 100% due to rounding.

Remaining Principal Balance ($)			Number of Receivables				Percentage of Total Number of Receivables				Cutoff Date Aggregate Principal Balance				Percentage of Cutoff Date Aggregate Principal Balance
0.01 -   2,499.99				1,244				1.78	%		$	2,087,097.00				0.10	%
2,500.00 -   4,999.99				2,179				3.11				8,058,209.61				0.41
5,000.00 -   9,999.99				3,947				5.64				29,953,215.65				1.51
10,000.00 - 14,999.99				5,350				7.65				67,887,559.74				3.41
15,000.00 - 19,999.99				7,660				10.95				134,889,349.04				6.78
20,000.00 - 24,999.99				9,740				13.92				219,702,198.85				11.05
25,000.00 - 29,999.99				10,412				14.88				285,966,617.35				14.38
30,000.00 - 34,999.99				9,025				12.90				292,600,820.79				14.71
35,000.00 - 39,999.99				6,935				9.91				258,970,768.27				13.02
40,000.00 - 44,999.99				4,615				6.60				195,380,638.90				9.82
45,000.00 - 49,999.99				3,026				4.33				143,151,082.33				7.20
50,000.00 - 54,999.99				2,030				2.90				106,329,207.44				5.35
55,000.00 - 59,999.99				1,445				2.07				82,791,957.50				4.16
60,000.00 - 64,999.99				950				1.36				59,126,927.57				2.97
65,000.00 - 69,999.99				604				0.86				40,688,190.07				2.05
70,000.00 - 74,999.99				371				0.53				26,832,692.35				1.35
75,000.00 - 79,999.99				213				0.30				16,445,559.80				0.83
80,000.00 - 84,999.99				111				0.16				9,133,158.39				0.46
85,000.00 or greater				98				0.14				8,799,506.13				0.44
Total(1):				69,955				100.00	%		$	1,988,794,756.78				100.00	%

_____________________________

(1)

Percentages may not add to 100% due to rounding.

Original Number of Scheduled Payments			Number of Receivables				Percentage of Total Number of Receivables				Cutoff Date Aggregate Principal Balance				Percentage of Cutoff Date Aggregate Principal Balance
13 - 24				90				0.20	%		$	793,856.28				0.06	%
25 - 36				1,065				2.31				18,229,503.24				1.39
37 - 48				5,021				10.90				122,100,656.67				9.33
49 - 60				15,063				32.69				380,219,565.31				29.06
61 - 72				24,845				53.91				787,121,435.72				60.16
Total(1):				46,084				100.00	%		$	1,308,465,017.22				100.00	%

_____________________________

(1)	Percentages may not add to 100% due to rounding.

Original Number of Scheduled Payments			Number of Receivables				Percentage of Total Number of Receivables				Cutoff Date Aggregate Principal Balance				Percentage of Cutoff Date Aggregate Principal Balance
1 - 12				2				*			$	13,035.05				*
13 - 24				108				0.18	%			1,026,298.67				0.06	%
25 - 36				1,359				2.31				23,330,843.33				1.39
37 - 48				6,324				10.74				153,189,484.80				9.15
49 - 60				19,316				32.81				488,854,247.02				29.19
61 - 72				31,760				53.95				1,008,413,756.78				60.21
Total(1):				58,869				100.00	%		$	1,674,827,665.65				100.00	%

_____________________________

(1)	Percentages may not add to 100% due to rounding.

*	Represents a number greater than 0.000% but less than 0.005%.

Original Number of Scheduled Payments			Number of Receivables				Percentage of Total Number of Receivables				Cutoff Date Aggregate Principal Balance				Percentage of Cutoff Date Aggregate Principal Balance
1 - 12				2				*			$	13,035.05				*
13 - 24				119				0.17	%			1,162,562.29				0.06	%
25 - 36				1,635				2.34				27,931,832.80				1.40
37 - 48				7,508				10.73				181,371,241.01				9.12
49 - 60				22,910				32.75				580,425,016.17				29.18
61 - 72				37,781				54.01				1,197,891,069.46				60.23
Total(1):				69,955				100.00	%		$	1,988,794,756.78				100.00	%

_____________________________

(1)	Percentages may not add to 100% due to rounding.

*	Represents a number greater than 0.000% but less than 0.005%.

Remaining Number of Scheduled Payments			Number of Receivables				Percentage of Total Number of Receivables				Cutoff Date Aggregate Principal Balance				Percentage of Cutoff Date Aggregate Principal Balance
1 - 12				1,810				3.93	%		$	6,354,948.28				0.49	%
13 - 24				1,844				4.00				18,027,183.84				1.38
25 - 36				3,980				8.64				75,759,375.92				5.79
37 - 48				7,926				17.20				209,530,249.82				16.01
49 - 60				17,874				38.79				532,191,015.08				40.67
61 - 72				12,650				27.45				466,602,244.28				35.66
Total(1):				46,084				100.00	%		$	1,308,465,017.22				100.00	%

_____________________________

(1)	Percentages may not add to 100% due to rounding.

Remaining Number of Scheduled Payments			Number of Receivables				Percentage of Total Number of Receivables				Cutoff Date Aggregate Principal Balance				Percentage of Cutoff Date Aggregate Principal Balance
1 - 12				2,283				3.88	%		$	7,926,980.40				0.47	%
13 - 24				2,340				3.97				23,012,548.53				1.37
25 - 36				5,044				8.57				96,196,354.59				5.74
37 - 48				10,061				17.09				264,808,217.92				15.81
49 - 60				22,904				38.91				682,314,816.53				40.74
61 - 72				16,237				27.58				600,568,747.68				35.86
Total(1):				58,869				100.00	%		$	1,674,827,665.65				100.00	%

_____________________________

(1)	Percentages may not add to 100% due to rounding.

Remaining Number of Scheduled Payments			Number of Receivables				Percentage of Total Number of Receivables				Cutoff Date Aggregate Principal Balance				Percentage of Cutoff Date Aggregate Principal Balance
1 - 12				2,723				3.89	%		$	9,350,302.32				0.47	%
13 - 24				2,803				4.01				27,460,522.24				1.38
25 - 36				6,010				8.59				114,325,813.69				5.75
37 - 48				11,895				17.00				313,558,269.80				15.77
49 - 60				27,242				38.94				811,043,556.89				40.78
61 - 72				19,282				27.56				713,056,291.84				35.85
Total(1):				69,955				100.00	%		$	1,988,794,756.78				100.00	%

_____________________________

(1)	Percentages may not add to 100% due to rounding.

FICO® Score Range(1)			Number of Receivables				Percentage of Total Number of Receivables				Cutoff Date Aggregate Principal Balance				Percentage of Cutoff Date Aggregate Principal Balance
620 - 650				1,107				2.40	%		$	35,762,096.14				2.73	%
651 - 700				5,581				12.11				175,361,890.17				13.40
701 - 750				10,793				23.42				318,795,204.44				24.36
751 - 800				11,361				24.65				318,061,048.09				24.31
801 - 850				11,435				24.81				308,338,289.27				23.56
Greater than or equal to 851				5,807				12.60				152,146,489.11				11.63
Total(2):				46,084				100.00	%		$	1,308,465,017.22				100.00	%

_____________________________

(1)	FICO® is a federally registered servicemark of Fair Isaac Corporation.

(2)	Percentages may not add to 100% due to rounding.

FICO® Score Range(1)			Number of Receivables				Percentage of Total Number of Receivables				Cutoff Date Aggregate Principal Balance				Percentage of Cutoff Date Aggregate Principal Balance
620 - 650				1,417				2.41	%		$	45,559,404.60				2.72	%
651 - 700				7,105				12.07				223,180,916.24				13.33
701 - 750				13,715				23.30				406,323,397.96				24.26
751 - 800				14,566				24.74				408,334,618.33				24.38
801 - 850				14,598				24.80				394,846,632.75				23.58
Greater than or equal to 851				7,468				12.69				196,582,695.77				11.74
Total(2):				58,869				100.00	%		$	1,674,827,665.65				100.00	%

_____________________________

(1)	FICO® is a federally registered servicemark of Fair Isaac Corporation.

(2)	Percentages may not add to 100% due to rounding.

FICO® Score Range(1)			Number of Receivables				Percentage of Total Number of Receivables				Cutoff Date Aggregate Principal Balance				Percentage of Cutoff Date Aggregate Principal Balance
620 - 650				1,671				2.39	%		$	53,568,700.83				2.69	%
651 - 700				8,492				12.14				266,655,629.59				13.41
701 - 750				16,347				23.37				483,427,750.11				24.31
751 - 800				17,342				24.79				486,437,496.29				24.46
801 - 850				17,260				24.67				466,444,189.08				23.45
Greater than or equal to 851				8,843				12.64				232,260,990.88				11.68
Total(2):				69,955				100.00	%		$	1,988,794,756.78				100.00	%

_____________________________

(1)	FICO® is a federally registered servicemark of Fair Isaac Corporation.

(2)	Percentages may not add to 100% due to rounding.

	At December 31,				At March 31,
	2024		2023		2024		2023		2022		2021		2020
Outstanding Contracts(2)	3,501,497		3,501,849		3,514,336		3,382,927		3,267,466		3,237,181		3,142,143
Number of Accounts Delinquent in the following categories
30 - 59 days	68,508		74,092		62,787		50,632		40,744		27,476		40,205
60 - 89 days	20,123		21,423		18,023		15,348		10,731		7,223		11,604
Over 89 days	18,239		18,302		16,806		14,344		10,389		8,500		12,219
Delinquencies as a Percentage of Contracts Outstanding(3)
30 - 59 days	1.96%		2.12%		1.79%		1.50%		1.25%		0.85%		1.28%
60 - 89 days	0.57%		0.61%		0.51%		0.45%		0.33%		0.22%		0.37%
Over 89 days	0.52%		0.52%		0.48%		0.42%		0.32%		0.26%		0.39%

(1)	Includes contracts that are sold but still serviced by TMCC, but excludes those contracts purchased by a subsidiary of TMCC in Puerto Rico and the private label business.

(2)	Number of contracts outstanding at end of period.

(3)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

	For the Nine Months Ended December 31,				For the Fiscal Years Ended March 31,
	2024		2023		2024		2023		2022		2021		2020
Principal Balance Outstanding(2)	$77,998,682		$77,669,286		$78,003,407		$72,573,179		$67,146,402		$62,833,053		$56,265,888
Average Principal Balance Outstanding(3)	$78,001,045		$75,121,233		$75,288,293		$69,859,790		$64,989,727		$59,549,471		$54,751,134
Number of Contracts Outstanding	3,501,497		3,501,849		3,514,336		3,382,927		3,267,466		3,237,181		3,142,143
Average Number of Contracts Outstanding(3)	3,507,917		3,442,388		3,448,632		3,325,197		3,252,324		3,189,662		3,119,804
Number of Repossessions(4)	45,551		36,897		52,499		35,962		28,180		28,423		34,899
Number of Repossessions as a Percent of the Number of Contracts Outstanding	1.73%(7)		1.40%(7)		1.49%		1.06%		0.86%		0.88%		1.11%
Number of Repossessions as a Percent of the Average Number of Contracts Outstanding	1.73%(7)		1.43%(7)		1.52%		1.08%		0.87%		0.89%		1.12%
Gross Charge-Offs(5)	$608,572		$490,114		$710,294		$495,938		$222,023		$278,833		$352,213
Recoveries(6)	$88,683		$71,701		$96,200		$58,752		$54,989		$47,917		$49,191
Net Losses	$519,889		$418,413		$614,094		$437,186		$167,034		$230,916		$303,022
Net Losses as a Percentage of Principal Balance Outstanding	0.89%(7)		0.72%(7)		0.79%		0.60%		0.25%		0.37%		0.54%
Net Losses as a Percentage of Average Principal Balance Outstanding	0.89%(7)		0.74%(7)		0.82%		0.63%		0.26%		0.39%		0.55%

(1)	Includes contracts that are sold but still serviced by TMCC, but excludes those contracts purchased by a subsidiary of TMCC in Puerto Rico and the private label business.

(2)	Principal Balance Outstanding includes payoff amount for simple interest contracts and net principal balance for actuarial contracts.  Actuarial contracts do not comprise any of the Receivables.

(3)	Average of the principal balance or number of contracts outstanding as of the beginning and end of the indicated periods.

(4)	Includes bankrupt repossessions but excludes bankruptcies.

(5)	Amount charged off is the net remaining principal balance, including earned but not yet received finance charges, repossession expenses and unpaid extension fees, less any proceeds from the liquidation of the related vehicle.  Also includes dealer reserve charge‑offs.

(6)	Includes all recoveries from post‑disposition monies received on previously charged‑off contracts including any proceeds from the liquidation of the related vehicle after the related charge‑off.  Also includes recoveries for dealer reserve charge‑offs and dealer reserve chargebacks.

(7)	Annualized.

•

a Delinquency Trigger occurs; and

•

the required amount of Noteholders vote to direct an Asset Representations Review.

•

a trade confirmation;

•

an account statement;

•

a letter from a broker dealer that is acceptable to the Indenture Trustee or Administrator, as applicable; or

•

any other form of documentation that is acceptable to the Indenture Trustee or Administrator, as applicable.

•

it was originated in the United States by a Dealer for the retail sale of the related Financed Vehicle in the ordinary course of such Dealer’s business, it has been fully and properly executed or electronically authenticated by the parties thereto, it has been purchased by TMCC from such Dealer under an existing agreement with TMCC, and it has been validly assigned by such Dealer to TMCC;

•

as of the Closing Date, TMCC has, or has started procedures that will result in TMCC having, a perfected, first priority security interest in the related Financed Vehicle, which security interest was validly created and is assignable to the related transferee;

•

it provides for scheduled monthly payments that fully amortize the amount financed by maturity (except for minimally different payments in the first or last month in the life of the Receivable) and it provides for a finance charge or yield interest at its APR, in either case calculated based on the simple interest method;

•

it allows for prepayment without penalty;

•

to the Seller’s knowledge, it complied in all material respects at the time it was originated with all requirements of applicable federal, state and local laws, and regulations thereunder;

•

it is on a form contract containing customary and enforceable provisions that includes rights and remedies allowing the holder to enforce the obligation and realize on the related Financed Vehicle and represents the legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity and consumer protection laws, regardless of whether such enforceability is considered in a proceeding in equity or at law;

•

it is not due from the United States or any state or local government, or from any agency, department or instrumentality of the United States or any state or local government;

•

as of the Cutoff Date, it has not been satisfied, nor has the related Financed Vehicle been released in whole or in part from the lien granted by such Receivable;

•

as of the Cutoff Date, no material provision of the Receivable has been amended, modified or waived in a manner that is prohibited by the provisions of the Sale and Servicing Agreement;

•

to the Seller’s knowledge, as of the Closing Date, it is not subject to any right of rescission, setoff, counterclaim or defense, nor has any such right been asserted or threatened with respect to such Receivable;

•

except for payment delinquencies that have been continuing for a period of not more than 29 days, no payment default under the terms of any Receivable exists as of the Cutoff Date;

•

the related Financed Vehicle has not been repossessed without reinstatement as of the Cutoff Date;

•

the terms of such Receivable require the related Obligor to obtain and maintain physical damage insurance covering the related Financed Vehicle in accordance with TMCC’s normal requirements, and the related Financed Vehicle was not subject to force-placed insurance;

•

immediately prior to the transfer and assignment contemplated by the related Transfer and Servicing Agreement, the Seller thereof had good and marketable title to such Receivable free and clear of all

liens and rights of others (other than pursuant to the Transfer and Servicing Agreements) and, immediately upon the transfer and assignment thereof, the purchaser thereof will have good and marketable title to such Receivable, free and clear of all liens and rights of others (other than pursuant to the Transfer and Servicing Agreements);

•

it has not been originated in, and is not subject to the laws of, any jurisdiction under which the sale, transfer and assignment of such Receivable under the applicable Transfer and Servicing Agreement or the pledge of such Receivable under the Indenture are unlawful, void or voidable, and the terms of such Receivable do not limit the right of the owner of such Receivable to sell such Receivable; and

•

(A) it is being serviced by TMCC as of the Closing Date; (B) as of the Cutoff Date, it is secured by a new or used car, crossover utility vehicle, light-duty truck or sport utility vehicle; (C) it was no more than 29 days delinquent as of the Cutoff Date; and (D) as of the Cutoff Date, it was not noted in the records of TMCC or the Servicer as being the subject of a bankruptcy proceeding or insolvency proceeding.

•

the price paid for the Notes,

•

the rate of prepayments of the Receivables, and

•

the investor’s assumed reinvestment rate.

•

the Issuing Entity issues Notes with an aggregate initial principal amount of $1,250,000,000, $1,600,000,000 or $1,900,000,000, as applicable;

•

the Receivables prepay in full at the specified constant percentage of the absolute prepayment model monthly, with no defaults, losses or repurchases on any of the Receivables;

•

each scheduled monthly payment on the Receivables is made on the last day of each month commencing in March 2025 and each month has 30 days;

•

payments on the Notes are made on each Payment Date (and each Payment Date is assumed to be the 15th day of each applicable month) commencing on May 15, 2025;

•

the closing date is April 30, 2025;

•

the Servicer exercises its option to purchase all of the Receivables and cause a redemption of the Notes when the aggregate Principal Balance of the Receivables is equal to 5% or less of the aggregate Principal Balance of the Receivables as of the Cutoff Date;

•

the Servicing Fee for each Payment Date is equal to a rate of 1/12 of 1.00% times the aggregate Principal Balance of the Receivables as of the first day of the related Collection Period; provided that, in the case of the first Payment Date, the Servicing Fee is equal to a rate of 2/12 of 1.00% times the aggregate Principal Balance of the Receivables as of the Cutoff Date;

•

the aggregate amount of fees, expenses and indemnification amounts payable to the Indenture Trustee, the Owner Trustee and the Asset Representations Reviewer on each Payment Date is equal to $1,133.33; provided that, in the case of the first Payment Date, the aggregate amount of such fees, expenses and indemnification amounts payable is equal to $2,266.67;

•

interest on the Class A-1 Notes and the Class A-2b Notes will be calculated on the basis of the actual number of days in the related Interest Period and a 360-day year and interest on the other classes of Notes will be calculated on the basis of a 360-day year of twelve 30-day months;

•

if (i) the aggregate initial principal amount of the Notes is $1,250,000,000, the initial outstanding principal amount of the Class A-2 Notes is allocated to the Class A-2a Notes in the amount of $115,000,000 and to the Class A-2b Notes in the amount of $345,000,000, (ii) the aggregate initial principal amount of the Notes is $1,600,000,000, the initial outstanding principal amount of the Class A-2 Notes is allocated to the Class A-2a Notes in the amount of $147,200,000 and to the Class A-2b Notes in the amount of $441,600,000 and (iii) the aggregate initial principal amount of the Notes is $1,900,000,000, the initial outstanding principal amount of the Class A-2 Notes is allocated to the Class A-2a Notes in the amount of $174,800,000 and to the Class A-2b Notes in the amount of $524,400,000;

•

if (i) the aggregate initial principal amount of the Notes is $1,250,000,000, the initial outstanding principal amounts of the Class A-1 Notes will be $280,000,000, of the Class A-3 Notes will be $410,000,000, of the Class A-4 Notes will be $68,750,000 and of the Class B Notes will be $31,250,000, (ii) the aggregate initial principal amount of the Notes is $1,600,000,000, the initial outstanding principal amounts of the Class A-1 Notes will be $358,400,000, of the Class A-3 Notes will be $524,800,000, of the Class A-4 Notes will be $88,000,000 and of the Class B Notes will be $40,000,000 and (iii) the aggregate initial principal amount of the Notes is $1,900,000,000, the initial outstanding principal amounts of the Class A-1 Notes will be $425,600,000, of the Class A-3 Notes will be $623,200,000, of the Class A-4 Notes will be $104,500,000 and of the Class B Notes will be $47,500,000;

•

interest accrues on the Class A-1 Notes at 4.661% per annum, on the Class A-2a Notes at 4.73% per annum, on the Class A-2b Notes at 5.08630% per annum (the interest rate on the Class A-2b Notes is assumed to be a fixed interest rate at such level for this purpose), on the Class A-3 Notes at 4.77% per annum, on the Class A-4 Notes at 4.94% per annum and on the Class B Notes at 0.00% per annum;

•

no Event of Default has occurred; and

•

the Yield Supplement Overcollateralization Amount at each Payment Date is the amount described in the schedule below.

Payment Date		Yield Supplement Overcollateralization Amount				Payment Date		Yield Supplement Overcollateralization Amount
Closing Date			$58,456,501.02			February 2028			$8,477,799.36
May 2025			54,301,130.69			March 2028			7,767,374.86
June 2025			52,280,864.84			April 2028			7,094,530.10
July 2025			50,299,450.06			May 2028			6,459,197.70
August 2025			48,357,319.45			June 2028			5,861,088.28
September 2025			46,454,332.33			July 2028			5,299,558.00
October 2025			44,590,276.44			August 2028			4,773,937.42
November 2025			42,765,015.37			September 2028			4,283,335.51
December 2025			40,978,154.99			October 2028			3,826,638.35
January 2026			39,229,720.14			November 2028			3,402,284.00
February 2026			37,519,917.70			December 2028			3,008,534.96
March 2026			35,848,974.47			January 2029			2,644,319.71
April 2026			34,217,118.90			February 2029			2,309,320.22
May 2026			32,624,547.21			March 2029			2,003,173.00
June 2026			31,071,450.73			April 2029			1,725,582.57
July 2026			29,558,158.39			May 2029			1,475,746.16
August 2026			28,084,920.38			June 2029			1,252,643.47
September 2026			26,651,867.86			July 2029			1,054,959.07
October 2026			25,259,124.59			August 2029			881,195.26
November 2026			23,906,626.88			September 2029			729,221.79
December 2026			22,594,238.19			October 2029			596,935.19
January 2027			21,322,147.92			November 2029			482,248.43
February 2027			20,090,547.90			December 2029			382,747.69
March 2027			18,899,567.95			January 2030			296,219.13
April 2027			17,749,406.14			February 2030			222,102.03
May 2027			16,640,261.70			March 2030			160,099.16
June 2027			15,572,158.06			April 2030			109,809.51
July 2027			14,544,914.80			May 2030			70,556.44
August 2027			13,558,409.10			June 2030			41,421.41
September 2027			12,612,394.15			July 2030			21,208.71
October 2027			11,706,540.37			August 2030			8,688.74
November 2027			10,840,432.15			September 2030			2,291.14
December 2027			10,013,748.30			October 2030			1.29
January 2028			9,226,300.92			November 2030			0.00

Payment Date		Yield Supplement Overcollateralization Amount				Payment Date		Yield Supplement Overcollateralization Amount
Closing Date			$74,827,486.25			February 2028			$10,898,447.52
May 2025			69,518,364.84			March 2028			9,986,949.59
June 2025			66,936,936.30			April 2028			9,123,449.25
July 2025			64,404,990.93			May 2028			8,307,844.22
August 2025			61,923,080.74			June 2028			7,539,798.85
September 2025			59,491,042.21			July 2028			6,818,529.27
October 2025			57,108,598.84			August 2028			6,143,174.96
November 2025			54,775,548.69			September 2028			5,512,603.18
December 2025			52,491,387.33			October 2028			4,925,490.27
January 2026			50,256,164.58			November 2028			4,379,802.94
February 2026			48,070,157.07			December 2028			3,873,303.82
March 2026			45,933,661.41			January 2029			3,404,680.90
April 2026			43,846,968.34			February 2029			2,973,565.75
May 2026			41,810,362.17			March 2029			2,579,527.17
June 2026			39,824,074.69			April 2029			2,222,214.29
July 2026			37,888,531.82			May 2029			1,900,610.02
August 2026			36,004,052.36			June 2029			1,613,384.89
September 2026			34,170,807.82			July 2029			1,358,901.25
October 2026			32,388,936.36			August 2029			1,135,217.94
November 2026			30,658,385.37			September 2029			939,550.16
December 2026			28,979,001.40			October 2029			769,204.15
January 2027			27,351,050.91			November 2029			621,496.04
February 2027			25,774,777.41			December 2029			493,317.71
March 2027			24,250,328.12			January 2030			381,846.11
April 2027			22,777,963.54			February 2030			286,328.31
May 2027			21,357,930.00			March 2030			206,406.88
June 2027			19,990,251.17			April 2030			141,562.55
July 2027			18,674,664.97			May 2030			90,962.98
August 2027			17,411,025.28			June 2030			53,430.63
September 2027			16,199,021.56			July 2030			27,389.89
October 2027			15,038,232.96			August 2030			11,256.88
November 2027			13,928,137.53			September 2030			2,979.42
December 2027			12,868,331.55			October 2030			1.29
January 2028			11,858,561.55			November 2030			0.00

Payment Date		Yield Supplement Overcollateralization Amount				Payment Date		Yield Supplement Overcollateralization Amount
Closing Date			$88,794,521.19			February 2028			$12,926,491.09
May 2025			82,494,805.56			March 2028			11,844,629.67
June 2025			79,431,689.17			April 2028			10,819,747.50
July 2025			76,427,265.25			May 2028			9,851,721.75
August 2025			73,482,189.18			June 2028			8,940,155.07
September 2025			70,596,259.15			July 2028			8,084,069.06
October 2025			67,769,103.84			August 2028			7,282,462.38
November 2025			65,000,493.80			September 2028			6,534,019.18
December 2025			62,289,866.54			October 2028			5,837,203.83
January 2026			59,637,272.81			November 2028			5,189,554.57
February 2026			57,043,041.78			December 2028			4,588,456.55
March 2026			54,507,526.18			January 2029			4,032,386.15
April 2026			52,031,083.91			February 2029			3,520,908.12
May 2026			49,614,081.68			March 2029			3,053,537.64
June 2026			47,256,780.73			April 2029			2,629,845.09
July 2026			44,959,671.57			May 2029			2,248,632.55
August 2026			42,723,125.57			June 2029			1,908,305.07
September 2026			40,547,366.71			July 2029			1,606,911.56
October 2026			38,432,581.98			August 2029			1,342,138.97
November 2026			36,378,675.45			September 2029			1,110,656.83
December 2026			34,385,504.48			October 2029			909,196.73
January 2027			32,453,368.62			November 2029			734,511.43
February 2027			30,582,540.35			December 2029			582,896.44
March 2027			28,773,206.55			January 2030			451,052.54
April 2027			27,025,678.66			February 2030			338,098.40
May 2027			25,340,245.58			March 2030			243,602.07
June 2027			23,716,980.44			April 2030			166,966.00
July 2027			22,155,562.29			May 2030			107,223.61
August 2027			20,655,832.29			June 2030			62,956.73
September 2027			19,217,377.99			July 2030			32,281.71
October 2027			17,839,740.54			August 2030			13,279.46
November 2027			16,522,286.25			September 2030			3,518.90
December 2027			15,264,500.70			October 2030			1.29
January 2028			14,066,050.17			November 2030			0.00

Pool		Aggregate Principal Balance		Weighted Average APR		Weighted Average Original Number of Scheduled Monthly Payments		Weighted Average Remaining Number of Scheduled Monthly Payments
1		$6,155,582.91		2.726%		65		8
2		$17,403,800.98		3.466%		55		19
3		$72,607,115.27		3.706%		51		31
4		$192,290,331.81		4.498%		58		43
5		$450,201,967.60		5.534%		65		54
6		$366,235,676.58		5.879%		72		64
7		$199,365.37		9.930%		64		9
8		$623,382.86		9.724%		51		19
9		$3,152,260.65		9.324%		48		31
10		$17,239,918.01		9.534%		61		44
11		$81,989,047.48		9.772%		68		55
12		$100,366,567.70		10.519%		72		65
		$1,308,465,017.22

Pool		Aggregate Principal Balance		Weighted Average APR		Weighted Average Original Number of Scheduled Monthly Payments		Weighted Average Remaining Number of Scheduled Monthly Payments
1		$7,687,172.17		2.708%		65		8
2		$22,177,284.42		3.492%		55		19
3		$92,224,173.98		3.702%		51		31
4		$243,120,878.50		4.514%		58		43
5		$576,624,408.70		5.528%		65		54
6		$471,140,446.41		5.871%		72		64
7		$239,808.23		9.952%		65		8
8		$835,264.11		9.617%		52		19
9		$3,972,180.61		9.292%		47		31
10		$21,687,339.42		9.554%		61		44
11		$105,690,407.83		9.767%		68		55
12		$129,428,301.27		10.501%		72		65
		$1,674,827,665.65

Pool		Aggregate Principal Balance		Weighted Average APR		Weighted Average Original Number of Scheduled Monthly Payments		Weighted Average Remaining Number of Scheduled Monthly Payments
1		$9,053,794.24		2.732%		65		8
2		$26,491,329.28		3.513%		55		19
3		$109,685,183.88		3.718%		51		31
4		$287,817,692.18		4.519%		58		43
5		$686,185,971.26		5.526%		65		54
6		$559,350,844.09		5.875%		72		64
7		$296,508.08		10.033%		66		8
8		$969,192.96		9.548%		51		19
9		$4,640,629.81		9.289%		47		31
10		$25,740,577.62		9.543%		61		45
11		$124,857,585.63		9.769%		68		55
12		$153,705,447.75		10.479%		72		65
		$1,988,794,756.78

			Class A-1 Notes
Payment Date			0.00%		0.50%		1.00%		1.30%		1.50%		1.80%
Closing Date			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2025			81.17		76.38		70.92		67.20		64.41		58.79
June 15, 2025			73.57		66.52		58.49		53.05		48.98		41.72
July 15, 2025			65.92		56.70		46.21		39.12		33.86		25.00
August 15, 2025			58.21		46.92		34.09		25.43		19.06		8.62
September 15, 2025			50.46		37.17		22.11		11.97		4.58		0.00
October 15, 2025			42.65		27.47		10.28		0.00		0.00		0.00
November 15, 2025			34.78		17.81		0.00		0.00		0.00		0.00
December 15, 2025			27.14		8.44		0.00		0.00		0.00		0.00
January 15, 2026			19.45		0.00		0.00		0.00		0.00		0.00
February 15, 2026			11.71		0.00		0.00		0.00		0.00		0.00
March 15, 2026			3.92		0.00		0.00		0.00		0.00		0.00
April 15, 2026			0.00		0.00		0.00		0.00		0.00		0.00
Weighted Average Life to Call (Years)(2)			0.43		0.32		0.24		0.21		0.18		0.15
Weighted Average Life to Maturity (Years)(2)			0.43		0.32		0.24		0.21		0.18		0.15

(1)	Other than the weighted average life to maturity, the numbers in this table were calculated based on the assumption that the Servicer will exercise its clean-up call option to purchase the Receivables.

(2)

The weighted average life of a note is determined by (x) multiplying the amount of each principal payment on a note by the number of years from the date of issuance of the note to the related Payment Date, (y) adding the results and (z) dividing the sum by the aggregate initial principal amount of the note.

			Class A-1 Notes
Payment Date			0.00%		0.50%		1.00%		1.30%		1.50%		1.80%
Closing Date			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2025			81.20		76.41		70.95		67.24		64.45		58.87
June 15, 2025			73.61		66.56		58.54		53.10		49.04		41.81
July 15, 2025			65.98		56.76		46.28		39.19		33.94		25.10
August 15, 2025			58.29		46.99		34.16		25.51		19.15		8.73
September 15, 2025			50.55		37.26		22.20		12.07		4.68		0.00
October 15, 2025			42.75		27.57		10.39		0.00		0.00		0.00
November 15, 2025			34.90		17.92		0.00		0.00		0.00		0.00
December 15, 2025			27.28		8.58		0.00		0.00		0.00		0.00
January 15, 2026			19.60		0.00		0.00		0.00		0.00		0.00
February 15, 2026			11.87		0.00		0.00		0.00		0.00		0.00
March 15, 2026			4.09		0.00		0.00		0.00		0.00		0.00
April 15, 2026			0.00		0.00		0.00		0.00		0.00		0.00
Weighted Average Life to Call (Years)(2)			0.43		0.32		0.24		0.21		0.18		0.15
Weighted Average Life to Maturity (Years)(2)			0.43		0.32		0.24		0.21		0.18		0.15

(1)	Other than the weighted average life to maturity, the numbers in this table were calculated based on the assumption that the Servicer will exercise its clean-up call option to purchase the Receivables.

(2)

The weighted average life of a note is determined by (x) multiplying the amount of each principal payment on a note by the number of years from the date of issuance of the note to the related Payment Date, (y) adding the results and (z) dividing the sum by the aggregate initial principal amount of the note.

			Class A-1 Notes
Payment Date			0.00%		0.50%		1.00%		1.30%		1.50%		1.80%
Closing Date			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2025			81.20		76.41		70.96		67.25		64.47		58.89
June 15, 2025			73.62		66.58		58.55		53.11		49.06		41.84
July 15, 2025			65.99		56.77		46.29		39.21		33.96		25.14
August 15, 2025			58.31		47.01		34.19		25.54		19.18		8.77
September 15, 2025			50.57		37.29		22.23		12.10		4.72		0.00
October 15, 2025			42.78		27.60		10.42		0.00		0.00		0.00
November 15, 2025			34.93		17.95		0.00		0.00		0.00		0.00
December 15, 2025			27.31		8.61		0.00		0.00		0.00		0.00
January 15, 2026			19.64		0.00		0.00		0.00		0.00		0.00
February 15, 2026			11.91		0.00		0.00		0.00		0.00		0.00
March 15, 2026			4.13		0.00		0.00		0.00		0.00		0.00
April 15, 2026			0.00		0.00		0.00		0.00		0.00		0.00
Weighted Average Life to Call (Years)(2)			0.43		0.32		0.24		0.21		0.18		0.15
Weighted Average Life to Maturity (Years)(2)			0.43		0.32		0.24		0.21		0.18		0.15

(1)	Other than the weighted average life to maturity, the numbers in this table were calculated based on the assumption that the Servicer will exercise its clean-up call option to purchase the Receivables.

(2)

The weighted average life of a note is determined by (x) multiplying the amount of each principal payment on a note by the number of years from the date of issuance of the note to the related Payment Date, (y) adding the results and (z) dividing the sum by the aggregate initial principal amount of the note.

			Class A-2a Notes
Payment Date			0.00%		0.50%		1.00%		1.30%		1.50%		1.80%
Closing Date			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2025			100.00		100.00		100.00		100.00		100.00		95.49
October 15, 2025			100.00		100.00		100.00		99.24		94.16		85.94
November 15, 2025			100.00		100.00		99.15		91.34		85.74		76.61
December 15, 2025			100.00		100.00		92.27		83.68		77.52		67.49
January 15, 2026			100.00		99.47		85.48		76.16		69.47		58.60
February 15, 2026			100.00		93.82		78.78		68.76		61.58		49.92
March 15, 2026			100.00		88.19		72.17		61.50		53.86		41.46
April 15, 2026			97.61		82.59		65.65		54.37		46.30		33.23
May 15, 2026			92.80		77.01		59.21		47.38		38.91		25.22
June 15, 2026			87.96		71.45		52.87		40.52		31.69		17.43
July 15, 2026			83.08		65.92		46.62		33.79		24.64		9.87
August 15, 2026			78.17		60.42		40.45		27.21		17.77		2.54
September 15, 2026			73.22		54.93		34.38		20.76		11.06		0.00
October 15, 2026			68.25		49.48		28.41		14.46		4.53		0.00
November 15, 2026			63.45		44.23		22.67		8.40		0.00		0.00
December 15, 2026			58.61		39.01		17.02		2.48		0.00		0.00
January 15, 2027			53.74		33.81		11.46		0.00		0.00		0.00
February 15, 2027			48.84		28.63		5.99		0.00		0.00		0.00
March 15, 2027			43.91		23.48		0.61		0.00		0.00		0.00
April 15, 2027			38.94		18.36		0.00		0.00		0.00		0.00
May 15, 2027			33.94		13.26		0.00		0.00		0.00		0.00
June 15, 2027			28.90		8.18		0.00		0.00		0.00		0.00
July 15, 2027			23.82		3.13		0.00		0.00		0.00		0.00
August 15, 2027			18.72		0.00		0.00		0.00		0.00		0.00
September 15, 2027			13.57		0.00		0.00		0.00		0.00		0.00
October 15, 2027			8.40		0.00		0.00		0.00		0.00		0.00
November 15, 2027			3.74		0.00		0.00		0.00		0.00		0.00
December 15, 2027			0.00		0.00		0.00		0.00		0.00		0.00
Weighted Average Life to Call (Years)(2)			1.81		1.50		1.22		1.07		0.97		0.84
Weighted Average Life to Maturity (Years)(2)			1.81		1.50		1.22		1.07		0.97		0.84

(1)	Other than the weighted average life to maturity, the numbers in this table were calculated based on the assumption that the Servicer will exercise its clean-up call option to purchase the Receivables.

(2)

The weighted average life of a note is determined by (x) multiplying the amount of each principal payment on a note by the number of years from the date of issuance of the note to the related Payment Date, (y) adding the results and (z) dividing the sum by the aggregate initial principal amount of the note.

			Class A-2a Notes
Payment Date			0.00%		0.50%		1.00%		1.30%		1.50%		1.80%
Closing Date			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2025			100.00		100.00		100.00		100.00		100.00		95.56
October 15, 2025			100.00		100.00		100.00		99.31		94.24		86.02
November 15, 2025			100.00		100.00		99.22		91.42		85.82		76.69
December 15, 2025			100.00		100.00		92.35		83.77		77.61		67.58
January 15, 2026			100.00		99.55		85.57		76.24		69.56		58.69
February 15, 2026			100.00		93.91		78.87		68.85		61.67		50.02
March 15, 2026			100.00		88.29		72.27		61.59		53.95		41.56
April 15, 2026			97.72		82.69		65.75		54.47		46.40		33.33
May 15, 2026			92.91		77.12		59.32		47.48		39.02		25.32
June 15, 2026			88.08		71.57		52.98		40.62		31.80		17.54
July 15, 2026			83.21		66.04		46.73		33.90		24.75		9.98
August 15, 2026			78.30		60.54		40.57		27.32		17.88		2.66
September 15, 2026			73.36		55.06		34.50		20.88		11.18		0.00
October 15, 2026			68.39		49.61		28.53		14.58		4.65		0.00
November 15, 2026			63.60		44.37		22.79		8.52		0.00		0.00
December 15, 2026			58.77		39.15		17.15		2.60		0.00		0.00
January 15, 2027			53.91		33.95		11.59		0.00		0.00		0.00
February 15, 2027			49.01		28.78		6.13		0.00		0.00		0.00
March 15, 2027			44.09		23.64		0.75		0.00		0.00		0.00
April 15, 2027			39.12		18.52		0.00		0.00		0.00		0.00
May 15, 2027			34.12		13.42		0.00		0.00		0.00		0.00
June 15, 2027			29.09		8.35		0.00		0.00		0.00		0.00
July 15, 2027			24.02		3.30		0.00		0.00		0.00		0.00
August 15, 2027			18.92		0.00		0.00		0.00		0.00		0.00
September 15, 2027			13.79		0.00		0.00		0.00		0.00		0.00
October 15, 2027			8.62		0.00		0.00		0.00		0.00		0.00
November 15, 2027			3.96		0.00		0.00		0.00		0.00		0.00
December 15, 2027			0.00		0.00		0.00		0.00		0.00		0.00
Weighted Average Life to Call (Years)(2)			1.81		1.51		1.22		1.07		0.97		0.85
Weighted Average Life to Maturity (Years)(2)			1.81		1.51		1.22		1.07		0.97		0.85

(1)	Other than the weighted average life to maturity, the numbers in this table were calculated based on the assumption that the Servicer will exercise its clean-up call option to purchase the Receivables.

(2)

The weighted average life of a note is determined by (x) multiplying the amount of each principal payment on a note by the number of years from the date of issuance of the note to the related Payment Date, (y) adding the results and (z) dividing the sum by the aggregate initial principal amount of the note.

			Class A-2a Notes
Payment Date			0.00%		0.50%		1.00%		1.30%		1.50%		1.80%
Closing Date			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2025			100.00		100.00		100.00		100.00		100.00		95.59
October 15, 2025			100.00		100.00		100.00		99.33		94.26		86.05
November 15, 2025			100.00		100.00		99.25		91.44		85.84		76.73
December 15, 2025			100.00		100.00		92.38		83.79		77.63		67.62
January 15, 2026			100.00		99.57		85.59		76.27		69.59		58.73
February 15, 2026			100.00		93.93		78.90		68.88		61.71		50.06
March 15, 2026			100.00		88.31		72.29		61.62		53.99		41.60
April 15, 2026			97.74		82.72		65.77		54.50		46.44		33.37
May 15, 2026			92.94		77.14		59.35		47.51		39.05		25.37
June 15, 2026			88.11		71.59		53.01		40.66		31.84		17.59
July 15, 2026			83.24		66.07		46.76		33.94		24.79		10.03
August 15, 2026			78.33		60.57		40.60		27.36		17.92		2.71
September 15, 2026			73.40		55.09		34.54		20.92		11.22		0.00
October 15, 2026			68.43		49.64		28.56		14.61		4.69		0.00
November 15, 2026			63.63		44.40		22.83		8.56		0.00		0.00
December 15, 2026			58.81		39.19		17.19		2.64		0.00		0.00
January 15, 2027			53.95		33.99		11.63		0.00		0.00		0.00
February 15, 2027			49.06		28.83		6.17		0.00		0.00		0.00
March 15, 2027			44.13		23.68		0.79		0.00		0.00		0.00
April 15, 2027			39.17		18.56		0.00		0.00		0.00		0.00
May 15, 2027			34.18		13.47		0.00		0.00		0.00		0.00
June 15, 2027			29.15		8.40		0.00		0.00		0.00		0.00
July 15, 2027			24.08		3.35		0.00		0.00		0.00		0.00
August 15, 2027			18.98		0.00		0.00		0.00		0.00		0.00
September 15, 2027			13.85		0.00		0.00		0.00		0.00		0.00
October 15, 2027			8.68		0.00		0.00		0.00		0.00		0.00
November 15, 2027			4.03		0.00		0.00		0.00		0.00		0.00
December 15, 2027			0.00		0.00		0.00		0.00		0.00		0.00
Weighted Average Life to Call (Years)(2)			1.81		1.51		1.22		1.07		0.97		0.85
Weighted Average Life to Maturity (Years)(2)			1.81		1.51		1.22		1.07		0.97		0.85

(1)	Other than the weighted average life to maturity, the numbers in this table were calculated based on the assumption that the Servicer will exercise its clean-up call option to purchase the Receivables.

(2)

The weighted average life of a note is determined by (x) multiplying the amount of each principal payment on a note by the number of years from the date of issuance of the note to the related Payment Date, (y) adding the results and (z) dividing the sum by the aggregate initial principal amount of the note.

			Class A-2b Notes
Payment Date			0.00%		0.50%		1.00%		1.30%		1.50%		1.80%
Closing Date			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2025			100.00		100.00		100.00		100.00		100.00		95.49
October 15, 2025			100.00		100.00		100.00		99.24		94.16		85.94
November 15, 2025			100.00		100.00		99.15		91.34		85.74		76.61
December 15, 2025			100.00		100.00		92.27		83.68		77.52		67.49
January 15, 2026			100.00		99.47		85.48		76.16		69.47		58.60
February 15, 2026			100.00		93.82		78.78		68.76		61.58		49.92
March 15, 2026			100.00		88.19		72.17		61.50		53.86		41.46
April 15, 2026			97.61		82.59		65.65		54.37		46.30		33.23
May 15, 2026			92.80		77.01		59.21		47.38		38.91		25.22
June 15, 2026			87.96		71.45		52.87		40.52		31.69		17.43
July 15, 2026			83.08		65.92		46.62		33.79		24.64		9.87
August 15, 2026			78.17		60.42		40.45		27.21		17.77		2.54
September 15, 2026			73.22		54.93		34.38		20.76		11.06		0.00
October 15, 2026			68.25		49.48		28.41		14.46		4.53		0.00
November 15, 2026			63.45		44.23		22.67		8.40		0.00		0.00
December 15, 2026			58.61		39.01		17.02		2.48		0.00		0.00
January 15, 2027			53.74		33.81		11.46		0.00		0.00		0.00
February 15, 2027			48.84		28.63		5.99		0.00		0.00		0.00
March 15, 2027			43.91		23.48		0.61		0.00		0.00		0.00
April 15, 2027			38.94		18.36		0.00		0.00		0.00		0.00
May 15, 2027			33.94		13.26		0.00		0.00		0.00		0.00
June 15, 2027			28.90		8.18		0.00		0.00		0.00		0.00
July 15, 2027			23.82		3.13		0.00		0.00		0.00		0.00
August 15, 2027			18.72		0.00		0.00		0.00		0.00		0.00
September 15, 2027			13.57		0.00		0.00		0.00		0.00		0.00
October 15, 2027			8.40		0.00		0.00		0.00		0.00		0.00
November 15, 2027			3.74		0.00		0.00		0.00		0.00		0.00
December 15, 2027			0.00		0.00		0.00		0.00		0.00		0.00
Weighted Average Life to Call (Years)(2)			1.81		1.50		1.22		1.07		0.97		0.84
Weighted Average Life to Maturity (Years)(2)			1.81		1.50		1.22		1.07		0.97		0.84

(1)	Other than the weighted average life to maturity, the numbers in this table were calculated based on the assumption that the Servicer will exercise its clean-up call option to purchase the Receivables.

(2)

The weighted average life of a note is determined by (x) multiplying the amount of each principal payment on a note by the number of years from the date of issuance of the note to the related Payment Date, (y) adding the results and (z) dividing the sum by the aggregate initial principal amount of the note.

			Class A-2b Notes
Payment Date			0.00%		0.50%		1.00%		1.30%		1.50%		1.80%
Closing Date			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2025			100.00		100.00		100.00		100.00		100.00		95.56
October 15, 2025			100.00		100.00		100.00		99.31		94.24		86.02
November 15, 2025			100.00		100.00		99.22		91.42		85.82		76.69
December 15, 2025			100.00		100.00		92.35		83.77		77.61		67.58
January 15, 2026			100.00		99.55		85.57		76.24		69.56		58.69
February 15, 2026			100.00		93.91		78.87		68.85		61.67		50.02
March 15, 2026			100.00		88.29		72.27		61.59		53.95		41.56
April 15, 2026			97.72		82.69		65.75		54.47		46.40		33.33
May 15, 2026			92.91		77.12		59.32		47.48		39.02		25.32
June 15, 2026			88.08		71.57		52.98		40.62		31.80		17.54
July 15, 2026			83.21		66.04		46.73		33.90		24.75		9.98
August 15, 2026			78.30		60.54		40.57		27.32		17.88		2.66
September 15, 2026			73.36		55.06		34.50		20.88		11.18		0.00
October 15, 2026			68.39		49.61		28.53		14.58		4.65		0.00
November 15, 2026			63.60		44.37		22.79		8.52		0.00		0.00
December 15, 2026			58.77		39.15		17.15		2.60		0.00		0.00
January 15, 2027			53.91		33.95		11.59		0.00		0.00		0.00
February 15, 2027			49.01		28.78		6.13		0.00		0.00		0.00
March 15, 2027			44.09		23.64		0.75		0.00		0.00		0.00
April 15, 2027			39.12		18.52		0.00		0.00		0.00		0.00
May 15, 2027			34.12		13.42		0.00		0.00		0.00		0.00
June 15, 2027			29.09		8.35		0.00		0.00		0.00		0.00
July 15, 2027			24.02		3.30		0.00		0.00		0.00		0.00
August 15, 2027			18.92		0.00		0.00		0.00		0.00		0.00
September 15, 2027			13.79		0.00		0.00		0.00		0.00		0.00
October 15, 2027			8.62		0.00		0.00		0.00		0.00		0.00
November 15, 2027			3.96		0.00		0.00		0.00		0.00		0.00
December 15, 2027			0.00		0.00		0.00		0.00		0.00		0.00
Weighted Average Life to Call (Years)(2)			1.81		1.51		1.22		1.07		0.97		0.85
Weighted Average Life to Maturity (Years)(2)			1.81		1.51		1.22		1.07		0.97		0.85

(1)	Other than the weighted average life to maturity, the numbers in this table were calculated based on the assumption that the Servicer will exercise its clean-up call option to purchase the Receivables.

(2)

The weighted average life of a note is determined by (x) multiplying the amount of each principal payment on a note by the number of years from the date of issuance of the note to the related Payment Date, (y) adding the results and (z) dividing the sum by the aggregate initial principal amount of the note.

			Class A-2b Notes
Payment Date			0.00%		0.50%		1.00%		1.30%		1.50%		1.80%
Closing Date			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2025			100.00		100.00		100.00		100.00		100.00		95.59
October 15, 2025			100.00		100.00		100.00		99.33		94.26		86.05
November 15, 2025			100.00		100.00		99.25		91.44		85.84		76.73
December 15, 2025			100.00		100.00		92.38		83.79		77.63		67.62
January 15, 2026			100.00		99.57		85.59		76.27		69.59		58.73
February 15, 2026			100.00		93.93		78.90		68.88		61.71		50.06
March 15, 2026			100.00		88.31		72.29		61.62		53.99		41.60
April 15, 2026			97.74		82.72		65.77		54.50		46.44		33.37
May 15, 2026			92.94		77.14		59.35		47.51		39.05		25.37
June 15, 2026			88.11		71.59		53.01		40.66		31.84		17.59
July 15, 2026			83.24		66.07		46.76		33.94		24.79		10.03
August 15, 2026			78.33		60.57		40.60		27.36		17.92		2.71
September 15, 2026			73.40		55.09		34.54		20.92		11.22		0.00
October 15, 2026			68.43		49.64		28.56		14.61		4.69		0.00
November 15, 2026			63.63		44.40		22.83		8.56		0.00		0.00
December 15, 2026			58.81		39.19		17.19		2.64		0.00		0.00
January 15, 2027			53.95		33.99		11.63		0.00		0.00		0.00
February 15, 2027			49.06		28.83		6.17		0.00		0.00		0.00
March 15, 2027			44.13		23.68		0.79		0.00		0.00		0.00
April 15, 2027			39.17		18.56		0.00		0.00		0.00		0.00
May 15, 2027			34.18		13.47		0.00		0.00		0.00		0.00
June 15, 2027			29.15		8.40		0.00		0.00		0.00		0.00
July 15, 2027			24.08		3.35		0.00		0.00		0.00		0.00
August 15, 2027			18.98		0.00		0.00		0.00		0.00		0.00
September 15, 2027			13.85		0.00		0.00		0.00		0.00		0.00
October 15, 2027			8.68		0.00		0.00		0.00		0.00		0.00
November 15, 2027			4.03		0.00		0.00		0.00		0.00		0.00
December 15, 2027			0.00		0.00		0.00		0.00		0.00		0.00
Weighted Average Life to Call (Years)(2)			1.81		1.51		1.22		1.07		0.97		0.85
Weighted Average Life to Maturity (Years)(2)			1.81		1.51		1.22		1.07		0.97		0.85

(1)	Other than the weighted average life to maturity, the numbers in this table were calculated based on the assumption that the Servicer will exercise its clean-up call option to purchase the Receivables.

(2)

The weighted average life of a note is determined by (x) multiplying the amount of each principal payment on a note by the number of years from the date of issuance of the note to the related Payment Date, (y) adding the results and (z) dividing the sum by the aggregate initial principal amount of the note.

			Class A-3 Notes
Payment Date			0.00%		0.50%		1.00%		1.30%		1.50%		1.80%
Closing Date			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
March 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
April 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2026			100.00		100.00		100.00		100.00		100.00		94.89
October 15, 2026			100.00		100.00		100.00		100.00		100.00		87.19
November 15, 2026			100.00		100.00		100.00		100.00		98.04		79.74
December 15, 2026			100.00		100.00		100.00		100.00		91.18		72.54
January 15, 2027			100.00		100.00		100.00		96.28		84.50		65.58
February 15, 2027			100.00		100.00		100.00		89.94		78.00		58.86
March 15, 2027			100.00		100.00		100.00		83.74		71.70		52.39
April 15, 2027			100.00		100.00		94.76		77.70		65.58		46.16
May 15, 2027			100.00		100.00		88.93		71.81		59.65		40.19
June 15, 2027			100.00		100.00		83.20		66.07		53.92		34.46
July 15, 2027			100.00		100.00		77.58		60.49		48.38		28.99
August 15, 2027			100.00		97.87		72.06		55.07		43.03		23.77
September 15, 2027			100.00		92.26		66.65		49.81		37.88		18.81
October 15, 2027			100.00		86.68		61.35		44.71		32.93		14.11
November 15, 2027			100.00		81.65		56.54		40.04		28.37		9.74
December 15, 2027			98.94		76.64		51.82		35.52		23.99		5.59
January 15, 2028			93.65		71.65		47.19		31.14		19.79		1.68
February 15, 2028			88.31		66.70		42.67		26.90		15.76		0.00
March 15, 2028			82.94		61.77		38.24		22.81		11.92		0.00
April 15, 2028			77.54		56.86		33.91		18.87		8.25		0.00
May 15, 2028			72.09		51.98		29.68		15.08		4.77		0.00
June 15, 2028			66.61		47.13		25.55		11.43		1.47		0.00
July 15, 2028			61.09		42.31		21.52		7.94		0.00		0.00
August 15, 2028			55.53		37.52		17.60		4.59		0.00		0.00
September 15, 2028			49.93		32.75		13.78		1.41		0.00		0.00
October 15, 2028			44.30		28.02		10.07		0.00		0.00		0.00
November 15, 2028			39.81		24.22		7.03		0.00		0.00		0.00
December 15, 2028			35.41		20.52		4.12		0.00		0.00		0.00
January 15, 2029			30.97		16.85		1.30		0.00		0.00		0.00
February 15, 2029			26.50		13.20		0.00		0.00		0.00		0.00
March 15, 2029			22.00		9.57		0.00		0.00		0.00		0.00
April 15, 2029			17.47		5.96		0.00		0.00		0.00		0.00
May 15, 2029			12.90		2.38		0.00		0.00		0.00		0.00
June 15, 2029			8.30		0.00		0.00		0.00		0.00		0.00
July 15, 2029			3.68		0.00		0.00		0.00		0.00		0.00
August 15, 2029			0.00		0.00		0.00		0.00		0.00		0.00
Weighted Average Life to Call (Years)(2)			3.45		3.15		2.75		2.47		2.27		1.99
Weighted Average Life to Maturity (Years)(2)			3.45		3.15		2.75		2.47		2.27		1.99

(1)	Other than the weighted average life to maturity, the numbers in this table were calculated based on the assumption that the Servicer will exercise its clean-up call option to purchase the Receivables.

(2)

The weighted average life of a note is determined by (x) multiplying the amount of each principal payment on a note by the number of years from the date of issuance of the note to the related Payment Date, (y) adding the results and (z) dividing the sum by the aggregate initial principal amount of the note.

			Class A-3 Notes
Payment Date			0.00%		0.50%		1.00%		1.30%		1.50%		1.80%
Closing Date			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
March 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
April 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2026			100.00		100.00		100.00		100.00		100.00		95.02
October 15, 2026			100.00		100.00		100.00		100.00		100.00		87.32
November 15, 2026			100.00		100.00		100.00		100.00		98.17		79.87
December 15, 2026			100.00		100.00		100.00		100.00		91.31		72.67
January 15, 2027			100.00		100.00		100.00		96.42		84.63		65.70
February 15, 2027			100.00		100.00		100.00		90.07		78.14		58.98
March 15, 2027			100.00		100.00		100.00		83.88		71.83		52.51
April 15, 2027			100.00		100.00		94.91		77.84		65.71		46.28
May 15, 2027			100.00		100.00		89.08		71.95		59.79		40.30
June 15, 2027			100.00		100.00		83.36		66.21		54.05		34.58
July 15, 2027			100.00		100.00		77.74		60.63		48.51		29.10
August 15, 2027			100.00		98.07		72.22		55.21		43.16		23.88
September 15, 2027			100.00		92.46		66.82		49.95		38.00		18.91
October 15, 2027			100.00		86.89		61.52		44.85		33.05		14.21
November 15, 2027			100.00		81.85		56.70		40.18		28.49		9.83
December 15, 2027			99.19		76.84		51.98		35.65		24.11		5.68
January 15, 2028			93.90		71.86		47.35		31.27		19.90		1.76
February 15, 2028			88.57		66.90		42.83		27.03		15.87		0.00
March 15, 2028			83.20		61.97		38.40		22.94		12.02		0.00
April 15, 2028			77.80		57.07		34.06		18.99		8.35		0.00
May 15, 2028			72.35		52.19		29.83		15.19		4.86		0.00
June 15, 2028			66.87		47.34		25.70		11.54		1.56		0.00
July 15, 2028			61.35		42.52		21.67		8.05		0.00		0.00
August 15, 2028			55.80		37.73		17.75		4.70		0.00		0.00
September 15, 2028			50.20		32.96		13.92		1.51		0.00		0.00
October 15, 2028			44.57		28.23		10.21		0.00		0.00		0.00
November 15, 2028			40.07		24.42		7.16		0.00		0.00		0.00
December 15, 2028			35.65		20.71		4.25		0.00		0.00		0.00
January 15, 2029			31.20		17.02		1.41		0.00		0.00		0.00
February 15, 2029			26.72		13.36		0.00		0.00		0.00		0.00
March 15, 2029			22.20		9.72		0.00		0.00		0.00		0.00
April 15, 2029			17.65		6.10		0.00		0.00		0.00		0.00
May 15, 2029			13.08		2.51		0.00		0.00		0.00		0.00
June 15, 2029			8.46		0.00		0.00		0.00		0.00		0.00
July 15, 2029			3.82		0.00		0.00		0.00		0.00		0.00
August 15, 2029			0.00		0.00		0.00		0.00		0.00		0.00
Weighted Average Life to Call (Years)(2)			3.45		3.15		2.75		2.47		2.28		1.99
Weighted Average Life to Maturity (Years)(2)			3.45		3.15		2.75		2.47		2.28		1.99

(1)	Other than the weighted average life to maturity, the numbers in this table were calculated based on the assumption that the Servicer will exercise its clean-up call option to purchase the Receivables.

(2)

The weighted average life of a note is determined by (x) multiplying the amount of each principal payment on a note by the number of years from the date of issuance of the note to the related Payment Date, (y) adding the results and (z) dividing the sum by the aggregate initial principal amount of the note.

*	Represents a number greater than 0.000% but less than 0.005%.

			Class A-3 Notes
Payment Date			0.00%		0.50%		1.00%		1.30%		1.50%		1.80%
Closing Date			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
March 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
April 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2026			100.00		100.00		100.00		100.00		100.00		95.07
October 15, 2026			100.00		100.00		100.00		100.00		100.00		87.37
November 15, 2026			100.00		100.00		100.00		100.00		98.22		79.93
December 15, 2026			100.00		100.00		100.00		100.00		91.36		72.73
January 15, 2027			100.00		100.00		100.00		96.47		84.68		65.76
February 15, 2027			100.00		100.00		100.00		90.12		78.19		59.04
March 15, 2027			100.00		100.00		100.00		83.93		71.88		52.57
April 15, 2027			100.00		100.00		94.96		77.89		65.77		46.34
May 15, 2027			100.00		100.00		89.13		72.00		59.84		40.36
June 15, 2027			100.00		100.00		83.41		66.26		54.10		34.63
July 15, 2027			100.00		100.00		77.79		60.68		48.56		29.16
August 15, 2027			100.00		98.13		72.28		55.26		43.21		23.93
September 15, 2027			100.00		92.52		66.87		50.00		38.06		18.97
October 15, 2027			100.00		86.95		61.57		44.90		33.10		14.26
November 15, 2027			100.00		81.92		56.76		40.23		28.54		9.88
December 15, 2027			99.27		76.91		52.04		35.70		24.15		5.72
January 15, 2028			93.99		71.93		47.41		31.32		19.94		1.80
February 15, 2028			88.66		66.98		42.89		27.08		15.91		0.00
March 15, 2028			83.30		62.05		38.46		22.99		12.06		0.00
April 15, 2028			77.89		57.15		34.12		19.04		8.39		0.00
May 15, 2028			72.46		52.28		29.89		15.24		4.90		0.00
June 15, 2028			66.98		47.43		25.76		11.59		1.59		0.00
July 15, 2028			61.46		42.61		21.73		8.09		0.00		0.00
August 15, 2028			55.91		37.82		17.81		4.74		0.00		0.00
September 15, 2028			50.32		33.06		13.99		1.55		0.00		0.00
October 15, 2028			44.70		28.32		10.27		0.00		0.00		0.00
November 15, 2028			40.20		24.51		7.22		0.00		0.00		0.00
December 15, 2028			35.67		20.72		4.25		0.00		0.00		0.00
January 15, 2029			31.21		17.03		1.42		0.00		0.00		0.00
February 15, 2029			26.73		13.37		0.00		0.00		0.00		0.00
March 15, 2029			22.21		9.72		0.00		0.00		0.00		0.00
April 15, 2029			17.66		6.10		0.00		0.00		0.00		0.00
May 15, 2029			13.08		2.51		0.00		0.00		0.00		0.00
June 15, 2029			8.47		0.00		0.00		0.00		0.00		0.00
July 15, 2029			3.82		0.00		0.00		0.00		0.00		0.00
August 15, 2029			0.00		0.00		0.00		0.00		0.00		0.00
Weighted Average Life to Call (Years)(2)			3.45		3.15		2.75		2.47		2.28		1.99
Weighted Average Life to Maturity (Years)(2)			3.45		3.15		2.75		2.47		2.28		1.99

(1)	Other than the weighted average life to maturity, the numbers in this table were calculated based on the assumption that the Servicer will exercise its clean-up call option to purchase the Receivables.

(2)

The weighted average life of a note is determined by (x) multiplying the amount of each principal payment on a note by the number of years from the date of issuance of the note to the related Payment Date, (y) adding the results and (z) dividing the sum by the aggregate initial principal amount of the note.

			Class A-4 Notes
Payment Date			0.00%		0.50%		1.00%		1.30%		1.50%		1.80%
Closing Date			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
March 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
April 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
March 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
April 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2028			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2028			100.00		100.00		100.00		100.00		100.00		88.03
March 15, 2028			100.00		100.00		100.00		100.00		100.00		67.46
April 15, 2028			100.00		100.00		100.00		100.00		100.00		48.29
May 15, 2028			100.00		100.00		100.00		100.00		100.00		30.55
June 15, 2028			100.00		100.00		100.00		100.00		100.00		0.00
July 15, 2028			100.00		100.00		100.00		100.00		90.20		0.00
August 15, 2028			100.00		100.00		100.00		100.00		72.76		0.00
September 15, 2028			100.00		100.00		100.00		100.00		56.44		0.00
October 15, 2028			100.00		100.00		100.00		90.30		41.27		0.00
November 15, 2028			100.00		100.00		100.00		75.19		0.00		0.00
December 15, 2028			100.00		100.00		100.00		60.98		0.00		0.00
January 15, 2029			100.00		100.00		100.00		47.47		0.00		0.00
February 15, 2029			100.00		100.00		91.41		34.69		0.00		0.00
March 15, 2029			100.00		100.00		75.56		0.00		0.00		0.00
April 15, 2029			100.00		100.00		60.20		0.00		0.00		0.00
May 15, 2029			100.00		100.00		45.34		0.00		0.00		0.00
June 15, 2029			100.00		92.95		0.00		0.00		0.00		0.00
July 15, 2029			100.00		71.87		0.00		0.00		0.00		0.00
August 15, 2029			94.14		50.94		0.00		0.00		0.00		0.00
September 15, 2029			66.17		0.00		0.00		0.00		0.00		0.00
October 15, 2029			51.75		0.00		0.00		0.00		0.00		0.00
November 15, 2029			39.91		0.00		0.00		0.00		0.00		0.00
December 15, 2029			0.00		0.00		0.00		0.00		0.00		0.00
Weighted Average Life to Call (Years)(2)			4.50		4.30		4.02		3.72		3.43		2.99
Weighted Average Life to Maturity (Years)(2)			4.54		4.36		4.06		3.74		3.47		3.00

(1)	Other than the weighted average life to maturity, the numbers in this table were calculated based on the assumption that the Servicer will exercise its clean-up call option to purchase the Receivables.

(2)

The weighted average life of a note is determined by (x) multiplying the amount of each principal payment on a note by the number of years from the date of issuance of the note to the related Payment Date, (y) adding the results and (z) dividing the sum by the aggregate initial principal amount of the note.

			Class A-4 Notes
Payment Date			0.00%		0.50%		1.00%		1.30%		1.50%		1.80%
Closing Date			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
March 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
April 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
March 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
April 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2028			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2028			100.00		100.00		100.00		100.00		100.00		88.47
March 15, 2028			100.00		100.00		100.00		100.00		100.00		67.86
April 15, 2028			100.00		100.00		100.00		100.00		100.00		48.65
May 15, 2028			100.00		100.00		100.00		100.00		100.00		30.87
June 15, 2028			100.00		100.00		100.00		100.00		100.00		0.00
July 15, 2028			100.00		100.00		100.00		100.00		90.69		0.00
August 15, 2028			100.00		100.00		100.00		100.00		73.22		0.00
September 15, 2028			100.00		100.00		100.00		100.00		56.87		0.00
October 15, 2028			100.00		100.00		100.00		90.88		41.67		0.00
November 15, 2028			100.00		100.00		100.00		75.72		0.00		0.00
December 15, 2028			100.00		100.00		100.00		61.46		0.00		0.00
January 15, 2029			100.00		100.00		100.00		47.91		0.00		0.00
February 15, 2029			100.00		100.00		92.04		35.08		0.00		0.00
March 15, 2029			100.00		100.00		76.13		0.00		0.00		0.00
April 15, 2029			100.00		100.00		60.72		0.00		0.00		0.00
May 15, 2029			100.00		100.00		45.81		0.00		0.00		0.00
June 15, 2029			100.00		93.65		0.00		0.00		0.00		0.00
July 15, 2029			100.00		72.50		0.00		0.00		0.00		0.00
August 15, 2029			94.92		51.50		0.00		0.00		0.00		0.00
September 15, 2029			66.86		0.00		0.00		0.00		0.00		0.00
October 15, 2029			52.36		0.00		0.00		0.00		0.00		0.00
November 15, 2029			40.46		0.00		0.00		0.00		0.00		0.00
December 15, 2029			0.00		0.00		0.00		0.00		0.00		0.00
Weighted Average Life to Call (Years)(2)			4.50		4.31		4.02		3.72		3.43		2.99
Weighted Average Life to Maturity (Years)(2)			4.54		4.36		4.06		3.75		3.47		3.00

(1)	Other than the weighted average life to maturity, the numbers in this table were calculated based on the assumption that the Servicer will exercise its clean-up call option to purchase the Receivables.

(2)

The weighted average life of a note is determined by (x) multiplying the amount of each principal payment on a note by the number of years from the date of issuance of the note to the related Payment Date, (y) adding the results and (z) dividing the sum by the aggregate initial principal amount of the note.

			Class A-4 Notes
Payment Date			0.00%		0.50%		1.00%		1.30%		1.50%		1.80%
Closing Date			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
March 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
April 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
March 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
April 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2028			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2028			100.00		100.00		100.00		100.00		100.00		88.70
March 15, 2028			100.00		100.00		100.00		100.00		100.00		68.06
April 15, 2028			100.00		100.00		100.00		100.00		100.00		48.83
May 15, 2028			100.00		100.00		100.00		100.00		100.00		31.02
June 15, 2028			100.00		100.00		100.00		100.00		100.00		0.00
July 15, 2028			100.00		100.00		100.00		100.00		90.89		0.00
August 15, 2028			100.00		100.00		100.00		100.00		73.40		0.00
September 15, 2028			100.00		100.00		100.00		100.00		57.04		0.00
October 15, 2028			100.00		100.00		100.00		91.12		41.81		0.00
November 15, 2028			100.00		100.00		100.00		75.95		0.00		0.00
December 15, 2028			100.00		100.00		100.00		61.50		0.00		0.00
January 15, 2029			100.00		100.00		100.00		47.94		0.00		0.00
February 15, 2029			100.00		100.00		92.07		35.11		0.00		0.00
March 15, 2029			100.00		100.00		76.15		0.00		0.00		0.00
April 15, 2029			100.00		100.00		60.73		0.00		0.00		0.00
May 15, 2029			100.00		100.00		45.82		0.00		0.00		0.00
June 15, 2029			100.00		93.65		0.00		0.00		0.00		0.00
July 15, 2029			100.00		72.49		0.00		0.00		0.00		0.00
August 15, 2029			94.90		51.48		0.00		0.00		0.00		0.00
September 15, 2029			66.83		0.00		0.00		0.00		0.00		0.00
October 15, 2029			52.34		0.00		0.00		0.00		0.00		0.00
November 15, 2029			40.44		0.00		0.00		0.00		0.00		0.00
December 15, 2029			0.00		0.00		0.00		0.00		0.00		0.00
Weighted Average Life to Call (Years)(2)			4.50		4.31		4.02		3.72		3.43		2.99
Weighted Average Life to Maturity (Years)(2)			4.54		4.36		4.06		3.75		3.47		3.00

(1)	Other than the weighted average life to maturity, the numbers in this table were calculated based on the assumption that the Servicer will exercise its clean-up call option to purchase the Receivables.

(2)

The weighted average life of a note is determined by (x) multiplying the amount of each principal payment on a note by the number of years from the date of issuance of the note to the related Payment Date, (y) adding the results and (z) dividing the sum by the aggregate initial principal amount of the note.

			Class B Notes
Payment Date			0.00%		0.50%		1.00%		1.30%		1.50%		1.80%
Closing Date			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
March 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
April 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
March 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
April 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2028			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2028			100.00		100.00		100.00		100.00		100.00		100.00
March 15, 2028			100.00		100.00		100.00		100.00		100.00		100.00
April 15, 2028			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2028			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2028			100.00		100.00		100.00		100.00		100.00		0.00
July 15, 2028			100.00		100.00		100.00		100.00		100.00		0.00
August 15, 2028			100.00		100.00		100.00		100.00		100.00		0.00
September 15, 2028			100.00		100.00		100.00		100.00		100.00		0.00
October 15, 2028			100.00		100.00		100.00		100.00		100.00		0.00
November 15, 2028			100.00		100.00		100.00		100.00		0.00		0.00
December 15, 2028			100.00		100.00		100.00		100.00		0.00		0.00
January 15, 2029			100.00		100.00		100.00		100.00		0.00		0.00
February 15, 2029			100.00		100.00		100.00		100.00		0.00		0.00
March 15, 2029			100.00		100.00		100.00		0.00		0.00		0.00
April 15, 2029			100.00		100.00		100.00		0.00		0.00		0.00
May 15, 2029			100.00		100.00		100.00		0.00		0.00		0.00
June 15, 2029			100.00		100.00		0.00		0.00		0.00		0.00
July 15, 2029			100.00		100.00		0.00		0.00		0.00		0.00
August 15, 2029			100.00		100.00		0.00		0.00		0.00		0.00
September 15, 2029			100.00		0.00		0.00		0.00		0.00		0.00
October 15, 2029			100.00		0.00		0.00		0.00		0.00		0.00
November 15, 2029			100.00		0.00		0.00		0.00		0.00		0.00
December 15, 2029			0.00		0.00		0.00		0.00		0.00		0.00
Weighted Average Life to Call (Years)(2)			4.63		4.38		4.13		3.88		3.54		3.13
Weighted Average Life to Maturity (Years)(2)			5.01		4.90		4.62		4.32		4.01		3.40

(1)	Other than the weighted average life to maturity, the numbers in this table were calculated based on the assumption that the Servicer will exercise its clean-up call option to purchase the Receivables.

(2)

The weighted average life of a note is determined by (x) multiplying the amount of each principal payment on a note by the number of years from the date of issuance of the note to the related Payment Date, (y) adding the results and (z) dividing the sum by the aggregate initial principal amount of the note.

			Class B Notes
Payment Date			0.00%		0.50%		1.00%		1.30%		1.50%		1.80%
Closing Date			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
March 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
April 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
March 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
April 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2028			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2028			100.00		100.00		100.00		100.00		100.00		100.00
March 15, 2028			100.00		100.00		100.00		100.00		100.00		100.00
April 15, 2028			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2028			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2028			100.00		100.00		100.00		100.00		100.00		0.00
July 15, 2028			100.00		100.00		100.00		100.00		100.00		0.00
August 15, 2028			100.00		100.00		100.00		100.00		100.00		0.00
September 15, 2028			100.00		100.00		100.00		100.00		100.00		0.00
October 15, 2028			100.00		100.00		100.00		100.00		100.00		0.00
November 15, 2028			100.00		100.00		100.00		100.00		0.00		0.00
December 15, 2028			100.00		100.00		100.00		100.00		0.00		0.00
January 15, 2029			100.00		100.00		100.00		100.00		0.00		0.00
February 15, 2029			100.00		100.00		100.00		100.00		0.00		0.00
March 15, 2029			100.00		100.00		100.00		0.00		0.00		0.00
April 15, 2029			100.00		100.00		100.00		0.00		0.00		0.00
May 15, 2029			100.00		100.00		100.00		0.00		0.00		0.00
June 15, 2029			100.00		100.00		0.00		0.00		0.00		0.00
July 15, 2029			100.00		100.00		0.00		0.00		0.00		0.00
August 15, 2029			100.00		100.00		0.00		0.00		0.00		0.00
September 15, 2029			100.00		0.00		0.00		0.00		0.00		0.00
October 15, 2029			100.00		0.00		0.00		0.00		0.00		0.00
November 15, 2029			100.00		0.00		0.00		0.00		0.00		0.00
December 15, 2029			0.00		0.00		0.00		0.00		0.00		0.00
Weighted Average Life to Call (Years)(2)			4.63		4.38		4.13		3.88		3.54		3.13
Weighted Average Life to Maturity (Years)(2)			5.01		4.90		4.62		4.32		4.01		3.40

(1)	Other than the weighted average life to maturity, the numbers in this table were calculated based on the assumption that the Servicer will exercise its clean-up call option to purchase the Receivables.

(2)

The weighted average life of a note is determined by (x) multiplying the amount of each principal payment on a note by the number of years from the date of issuance of the note to the related Payment Date, (y) adding the results and (z) dividing the sum by the aggregate initial principal amount of the note.

			Class B Notes
Payment Date			0.00%		0.50%		1.00%		1.30%		1.50%		1.80%
Closing Date			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2025			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
March 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
April 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2026			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
March 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
April 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
July 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
August 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
September 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
October 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
November 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
December 15, 2027			100.00		100.00		100.00		100.00		100.00		100.00
January 15, 2028			100.00		100.00		100.00		100.00		100.00		100.00
February 15, 2028			100.00		100.00		100.00		100.00		100.00		100.00
March 15, 2028			100.00		100.00		100.00		100.00		100.00		100.00
April 15, 2028			100.00		100.00		100.00		100.00		100.00		100.00
May 15, 2028			100.00		100.00		100.00		100.00		100.00		100.00
June 15, 2028			100.00		100.00		100.00		100.00		100.00		0.00
July 15, 2028			100.00		100.00		100.00		100.00		100.00		0.00
August 15, 2028			100.00		100.00		100.00		100.00		100.00		0.00
September 15, 2028			100.00		100.00		100.00		100.00		100.00		0.00
October 15, 2028			100.00		100.00		100.00		100.00		100.00		0.00
November 15, 2028			100.00		100.00		100.00		100.00		0.00		0.00
December 15, 2028			100.00		100.00		100.00		100.00		0.00		0.00
January 15, 2029			100.00		100.00		100.00		100.00		0.00		0.00
February 15, 2029			100.00		100.00		100.00		100.00		0.00		0.00
March 15, 2029			100.00		100.00		100.00		0.00		0.00		0.00
April 15, 2029			100.00		100.00		100.00		0.00		0.00		0.00
May 15, 2029			100.00		100.00		100.00		0.00		0.00		0.00
June 15, 2029			100.00		100.00		0.00		0.00		0.00		0.00
July 15, 2029			100.00		100.00		0.00		0.00		0.00		0.00
August 15, 2029			100.00		100.00		0.00		0.00		0.00		0.00
September 15, 2029			100.00		0.00		0.00		0.00		0.00		0.00
October 15, 2029			100.00		0.00		0.00		0.00		0.00		0.00
November 15, 2029			100.00		0.00		0.00		0.00		0.00		0.00
December 15, 2029			0.00		0.00		0.00		0.00		0.00		0.00
Weighted Average Life to Call (Years)(2)			4.63		4.38		4.13		3.88		3.54		3.13
Weighted Average Life to Maturity (Years)(2)			5.01		4.90		4.62		4.32		4.01		3.40

(1)	Other than the weighted average life to maturity, the numbers in this table were calculated based on the assumption that the Servicer will exercise its clean-up call option to purchase the Receivables.

(2)

The weighted average life of a note is determined by (x) multiplying the amount of each principal payment on a note by the number of years from the date of issuance of the note to the related Payment Date, (y) adding the results and (z) dividing the sum by the aggregate initial principal amount of the note.

Original Summary Characteristics by Prior Securitization:		TAOT 2020-A		TAOT 2020-B		TAOT 2020-C		TAOT 2020-D
Number of Pool Assets		97,464		67,524		86,264		87,460
Original Pool Balance		$1,855,904,868.20		$1,275,392,995.27		$1,659,837,859.33		$1,652,997,849.97
Average Loan Balance		$19,041.95		$18,888.00		$19,241.37		$18,900.04
Weighted Average Interest Rate		3.20%		3.26%		3.43%		3.46%
Weighted Average Original Number of Scheduled Payments		66		66		66		66
Weighted Average Remaining Number of Scheduled Payments		50		49		50		50
Weighted Average FICO® Score(1)		766		767		769		769
Minimum FICO® Score(1)		620		620		620		620
Maximum FICO® Score(1)		900		900		900		900
Geographic Distribution of Receivables representing the 5 states with the greatest aggregate initial principal balance:
		CA - 24.7%		CA - 24.2%		CA - 23.8%		CA - 23.3%
		TX - 15.0%		TX - 14.8%		TX - 14.2%		TX - 13.9%
		IL - 4.8%		IL - 4.7%		PA - 5.0%		IL - 4.5%
		PA - 4.0%		PA - 4.1%		IL - 4.7%		PA - 4.1%
		VA - 3.8%		NJ - 3.7%		VA - 3.8%		VA - 3.9%
Distribution of Receivables by Contract Rate(2):
Less than 2.00%		43.69%		42.68%		38.24%		36.95%
2.00%-3.99%		25.54%		25.74%		27.72%		28.74%
4.00%-5.99%		19.11%		20.33%		22.47%		22.84%
6.00%-7.99%		7.05%		6.95%		7.15%		7.13%
8.00%-9.99%		2.50%		2.29%		2.36%		2.33%
10.00%-11.99%		1.27%		1.20%		1.21%		1.16%
12.00%-13.99%		0.57%		0.57%		0.60%		0.61%
14.00%-15.99%		0.21%		0.18%		0.19%		0.18%
16.00% and greater		0.07%		0.06%		0.06%		0.06%
Total		100.00%		100.00%		100.00%		100.00%
Distribution of Receivables by Vehicle Type(2):
Percentage of Cars		34.99%		33.99%		32.60%		31.67%
Percentage of Minivans(3)		5.20%		4.83%		4.26%		4.22%
Percentage of Light-Duty Trucks		18.28%		17.87%		17.63%		17.08%
Percentage of Sport Utility Vehicles(3)		41.53%		43.31%		45.50%		47.03%
Total		100.00%		100.00%		100.00%		100.00%
Distribution of Receivables by Make(2):
Percentage of Toyota Vehicles		87.24%		87.18%		87.06%		85.87%
Percentage of Lexus Vehicles		12.76%		12.82%		12.94%		14.13%
Total		100.00%		100.00%		100.00%		100.00%
Share of Original Assets:
Percentage of Total Principal Balance Consisting of Receivables with Original Scheduled Monthly Payments Greater Than 60 Months		54.29%		54.52%		57.35%		56.23%
Percentage of Used Vehicles		19.94%		20.86%		21.38%		23.33%

____________________________________

(3)

Vehicles categorized in this table as “crossover utility vehicles” are included in the category of “sport utility vehicles” or “minivans” in the summary characteristics for each securitization prior to the Toyota Auto Receivables 2021-B Owner Trust securitization, and vehicles categorized as “minivans” in the summary characteristics for each securitization prior to the Toyota Auto Receivables 2021-B Owner Trust securitization are categorized as “crossover utility vehicles” for each securitization after the Toyota Auto Receivables 2021-A Owner Trust securitization.

Original Summary Characteristics by Prior Securitization:		TAOT 2021-A		TAOT 2021-B		TAOT 2021-C		TAOT 2021-D
Number of Pool Assets		89,958		78,636		75,689		75,426
Original Pool Balance		$1,822,777,183.25		$1,666,956,330.13		$1,666,028,014.87		$1,667,553,462.91
Average Loan Balance		$20,262.54		$21,198.39		$22,011.49		$22,108.47
Weighted Average Interest Rate		3.06%		3.08%		3.05%		3.15%
Weighted Average Original Number of Scheduled Payments		65		65		65		66
Weighted Average Remaining Number of Scheduled Payments		51		53		53		54
Weighted Average FICO® Score(1)		769		767		767		765
Minimum FICO® Score(1)		620		620		620		620
Maximum FICO® Score(1)		900		900		900		900
Geographic Distribution of Receivables representing the 5 states with the greatest aggregate initial principal balance:
		CA - 23.7%		CA - 26.0%		CA - 26.4%		CA - 26.8%
		TX - 12.5%		TX - 13.0%		TX - 12.7%		TX - 13.3%
		IL - 4.7%		IL - 4.5%		PA - 4.3%		PA - 4.1%
		PA - 4.4%		PA - 4.4%		IL - 4.2%		IL - 4.1%
		VA - 3.8%		NJ - 3.6%		NJ - 3.7%		NJ - 3.7%
Distribution of Receivables by Contract Rate(2):
Less than 2.00%		45.00%		43.08%		42.69%		40.45%
2.00%-3.99%		24.94%		27.06%		29.02%		30.30%
4.00%-5.99%		19.64%		19.84%		19.23%		19.84%
6.00%-7.99%		6.37%		6.08%		5.56%		5.75%
8.00%-9.99%		2.10%		2.15%		1.91%		2.00%
10.00%-11.99%		1.17%		1.08%		0.93%		0.98%
12.00%-13.99%		0.53%		0.47%		0.45%		0.47%
14.00%-15.99%		0.18%		0.18%		0.17%		0.18%
16.00% and greater		0.07%		0.05%		0.04%		0.04%
Total		100.00%		100.00%		100.00%		100.00%
Distribution of Receivables by Vehicle Type(2):
Percentage of Cars		30.27%		31.22%		30.22%		30.89%
Percentage of Crossover Utility Vehicles(3)		N.A.		46.29%		47.66%		48.02%
Percentage of Minivans(3)		3.04%		N.A.		N.A.		N.A.
Percentage of Light-Duty Trucks		16.81%		15.87%		15.19%		14.00%
Percentage of Sport Utility Vehicles(3)		49.87%		6.63%		6.93%		7.08%
Total		100.00%		100.00%		100.00%		100.00%
Distribution of Receivables by Make(2):
Percentage of Toyota Vehicles		83.91%		83.73%		82.42%		82.40%
Percentage of Lexus Vehicles		16.09%		16.27%		17.58%		17.60%
Total		100.00%		100.00%		100.00%		100.00%
Share of Original Assets:
Percentage of Total Principal Balance Consisting of Receivables with Original Scheduled Monthly Payments Greater Than 60 Months		49.18%		50.61%		50.46%		52.33%
Percentage of Used Vehicles		26.33%		25.41%		26.34%		27.45%

____________________________________

(3)

Vehicles categorized in this table as “crossover utility vehicles” are included in the category of “sport utility vehicles” or “minivans” in the summary characteristics for each securitization prior to the Toyota Auto Receivables 2021-B Owner Trust securitization, and vehicles categorized as “minivans” in the summary characteristics for each securitization prior to the Toyota Auto Receivables 2021-B Owner Trust securitization are categorized as “crossover utility vehicles” for each securitization after the Toyota Auto Receivables 2021-A Owner Trust securitization.

Original Summary Characteristics by Prior Securitization:		TAOT 2022-A		TAOT 2022-B		TAOT 2022-C		TAOT 2022-D
Number of Pool Assets		77,985		77,626		65,964		68,972
Original Pool Balance		$1,775,873,551.06		$1,836,639,189.92		$1,661,936,432.71		$1,807,594,097.92
Average Loan Balance		$22,771.99		$23,660.10		$25,194.60		$26,207.65
Weighted Average Interest Rate		3.27%		3.27%		3.37%		3.44%
Weighted Average Original Number of Scheduled Payments		66		66		67		67
Weighted Average Remaining Number of Scheduled Payments		55		55		56		57
Weighted Average FICO® Score(1)		765		766		765		765
Minimum FICO® Score(1)		620		620		620		620
Maximum FICO® Score(1)		900		900		900		900
Geographic Distribution of Receivables representing the 5 states with the greatest aggregate initial principal balance:
		CA - 26.9%		CA - 28.2%		CA - 26.9%		CA - 27.3%
		TX - 13.7%		TX - 12.9%		TX - 12.9%		TX - 13.1%
		IL - 4.5%		PA - 4.0%		PA - 4.2%		PA - 4.1%
		PA - 4.4%		IL - 4.0%		IL - 4.0%		NJ - 3.9%
		VA - 3.5%		NJ - 3.7%		NJ - 3.7%		IL - 3.8%
Distribution of Receivables by Contract Rate(2):
Less than 2.00%		37.10%		32.70%		30.66%		22.28%
2.00%-3.99%		32.36%		38.79%		41.05%		50.81%
4.00%-5.99%		20.96%		19.78%		19.81%		18.88%
6.00%-7.99%		5.92%		5.34%		5.14%		4.91%
8.00%-9.99%		2.14%		2.03%		1.93%		1.88%
10.00%-11.99%		0.92%		0.78%		0.90%		0.74%
12.00%-13.99%		0.40%		0.39%		0.34%		0.36%
14.00%-15.99%		0.17%		0.15%		0.14%		0.11%
16.00% and greater		0.02%		0.04%		0.03%		0.03%
Total		100.00%		100.00%		100.00%		100.00%
Distribution of Receivables by Vehicle Type(2):
Percentage of Cars		32.03%		31.46%		26.58%		27.49%
Percentage of Crossover Utility Vehicles(3)		47.20%		48.65%		54.25%		53.70%
Percentage of Minivans(3)		N.A.		N.A.		N.A.		N.A.
Percentage of Light-Duty Trucks		13.77%		12.83%		12.12%		12.09%
Percentage of Sport Utility Vehicles(3)		7.01%		7.06%		7.05%		6.72%
Total		100.00%		100.00%		100.00%		100.00%
Distribution of Receivables by Make(2):
Percentage of Toyota Vehicles		82.76%		80.71%		80.18%		79.83%
Percentage of Lexus Vehicles		17.24%		19.29%		19.82%		20.17%
Total		100.00%		100.00%		100.00%		100.00%
Share of Original Assets:
Percentage of Total Principal Balance Consisting of Receivables with Original Scheduled Monthly Payments Greater Than 60 Months		54.48%		55.04%		65.07%		65.50%
Percentage of Used Vehicles		27.34%		23.26%		22.78%		21.56%

____________________________________

(3)

Vehicles categorized in this table as “crossover utility vehicles” are included in the category of “sport utility vehicles” or “minivans” in the summary characteristics for each securitization prior to the Toyota Auto Receivables 2021-B Owner Trust securitization, and vehicles categorized as “minivans” in the summary characteristics for each securitization prior to the Toyota Auto Receivables 2021-B Owner Trust securitization are categorized as “crossover utility vehicles” for each securitization after the Toyota Auto Receivables 2021-A Owner Trust securitization.

Original Summary Characteristics by Prior Securitization:		TAOT 2023-A		TAOT 2023-B		TAOT 2023-C		TAOT 2023-D
Number of Pool Assets		69,360		67,500		65,736		65,406
Original Pool Balance		$1,813,667,857.76		$1,795,999,450.37		$1,781,678,265.26		$1,774,239,151.48
Average Loan Balance		$26,148.61		$26,607.40		$27,103.54		$27,126.55
Weighted Average Interest Rate		3.64%		4.05%		4.64%		5.10%
Weighted Average Original Number of Scheduled Payments		66		66		66		66
Weighted Average Remaining Number of Scheduled Payments		56		55		55		55
Weighted Average FICO® Score(1)		766		765		766		767
Minimum FICO® Score(1)		620		620		620		620
Maximum FICO® Score(1)		900		900		900		900
Geographic Distribution of Receivables representing the 5 states with the greatest aggregate initial principal balance:
		CA - 26.5%		CA - 25.2%		CA - 23.6%		CA - 21.3%
		TX - 13.3%		TX - 14.6%		TX - 14.9%		TX - 15.3%
		PA - 4.4%		IL - 4.2%		PA - 4.0%		PA - 4.1%
		IL - 4.0%		PA - 4.1%		IL - 3.9%		IL - 4.1%
		NJ - 3.8%		MD - 3.6%		NJ - 3.6%		MD - 3.8%
Distribution of Receivables by Contract Rate(2):
Less than 2.00%		19.25%		13.08%		8.28%		5.80%
2.00%-3.99%		51.68%		50.08%		35.43%		28.07%
4.00%-5.99%		19.58%		23.37%		39.42%		44.55%
6.00%-7.99%		6.18%		8.69%		9.22%		12.20%
8.00%-9.99%		2.01%		3.10%		5.14%		6.13%
10.00%-11.99%		0.75%		1.01%		1.53%		2.10%
12.00%-13.99%		0.37%		0.40%		0.59%		0.68%
14.00%-15.99%		0.14%		0.19%		0.26%		0.27%
16.00% and greater		0.04%		0.08%		0.14%		0.20%
Total		100.00%		100.00%		100.00%		100.00%
Distribution of Receivables by Vehicle Type(2):
Percentage of Cars		28.21%		28.55%		27.88%		27.91%
Percentage of Crossover Utility Vehicles(3)		51.78%		48.50%		47.34%		47.82%
Percentage of Minivans(3)		N.A.		N.A.		N.A.		N.A.
Percentage of Light-Duty Trucks		13.51%		16.86%		18.50%		18.15%
Percentage of Sport Utility Vehicles(3)		6.50%		6.09%		6.28%		6.13%
Total		100.00%		100.00%		100.00%		100.00%
Distribution of Receivables by Make(2):
Percentage of Toyota Vehicles		80.01%		81.72%		82.91%		81.44%
Percentage of Lexus Vehicles		19.99%		18.28%		17.09%		18.56%
Total		100.00%		100.00%		100.00%		100.00%
Share of Original Assets:
Percentage of Total Principal Balance Consisting of Receivables with Original Scheduled Monthly Payments Greater Than 60 Months		63.10%		62.35%		63.31%		62.61%
Percentage of Used Vehicles		20.94%		18.72%		18.75%		17.38%

____________________________________

(3)

Vehicles categorized in this table as “crossover utility vehicles” are included in the category of “sport utility vehicles” or “minivans” in the summary characteristics for each securitization prior to the Toyota Auto Receivables 2021-B Owner Trust securitization, and vehicles categorized as “minivans” in the summary characteristics for each securitization prior to the Toyota Auto Receivables 2021-B Owner Trust securitization are categorized as “crossover utility vehicles” for each securitization after the Toyota Auto Receivables 2021-A Owner Trust securitization.

Original Summary Characteristics by Prior Securitization:		TAOT 2024-A		TAOT 2024-B		TAOT 2024-C		TAOT 2024-D
Number of Pool Assets		71,726		70,254		68,850		69,385
Original Pool Balance		$1,908,468,799.65		$1,876,256,589.10		$1,864,834,545.38		$1,841,920,697.79
Average Loan Balance		$26,607.77		$26,706.76		$27,085.47		$26,546.38
Weighted Average Interest Rate		5.37%		5.70%		6.04%		5.96%
Weighted Average Original Number of Scheduled Payments		66		66		65		65
Weighted Average Remaining Number of Scheduled Payments		55		55		54		53
Weighted Average FICO® Score(1)		767		768		769		770
Minimum FICO® Score(1)		620		620		620		620
Maximum FICO® Score(1)		900		900		900		900
Geographic Distribution of Receivables representing the 5 states with the greatest aggregate initial principal balance:
		CA - 19.6%		CA - 17.4%		CA - 16.3%		TX - 17.3%
		TX - 16.0%		TX - 16.1%		TX - 16.2%		CA - 15.6%
		PA - 4.2%		PA - 4.3%		PA - 4.6%		PA - 4.6%
		IL - 4.0%		IL - 4.0%		IL - 4.0%		IL - 4.4%
		VA - 4.0%		VA - 4.0%		VA - 4.0%		VA - 4.0%
Distribution of Receivables by Contract Rate(2):
Less than 2.00%		4.46%		3.10%		2.09%		2.99%
2.00%-3.99%		22.76%		17.46%		16.27%		14.64%
4.00%-5.99%		47.92%		49.23%		44.54%		48.37%
6.00%-7.99%		14.63%		18.01%		19.44%		18.57%
8.00%-9.99%		6.92%		8.87%		12.56%		10.96%
10.00%-11.99%		2.23%		2.27%		3.38%		2.88%
12.00%-13.99%		0.68%		0.67%		1.09%		1.02%
14.00%-15.99%		0.23%		0.23%		0.37%		0.36%
16.00% and greater		0.18%		0.17%		0.26%		0.21%
Total		100.00%		100.00%		100.00%		100.00%
Distribution of Receivables by Vehicle Type(2):
Percentage of Cars		27.96%		26.81%		24.25%		24.85%
Percentage of Crossover Utility Vehicles(3)		47.86%		48.04%		49.64%		49.49%
Percentage of Minivans(3)		N.A.		N.A.		N.A.		N.A.
Percentage of Light-Duty Trucks		17.84%		18.22%		18.61%		18.78%
Percentage of Sport Utility Vehicles(3)		6.35%		6.93%		7.51%		6.88%
Total		100.00%		100.00%		100.00%		100.00%
Distribution of Receivables by Make(2):
Percentage of Toyota Vehicles		81.45%		81.41%		79.01%		81.19%
Percentage of Lexus Vehicles		18.55%		18.59%		20.99%		18.81%
Total		100.00%		100.00%		100.00%		100.00%
Share of Original Assets:
Percentage of Total Principal Balance Consisting of Receivables with Original Scheduled Monthly Payments Greater Than 60 Months		62.19%		62.98%		60.99%		59.38%
Percentage of Used Vehicles		15.82%		13.38%		13.04%		9.97%

____________________________________

(3)

Vehicles categorized in this table as “crossover utility vehicles” are included in the category of “sport utility vehicles” or “minivans” in the summary characteristics for each securitization prior to the Toyota Auto Receivables 2021-B Owner Trust securitization, and vehicles categorized as “minivans” in the summary characteristics for each securitization prior to the Toyota Auto Receivables 2021-B Owner Trust securitization are categorized as “crossover utility vehicles” for each securitization after the Toyota Auto Receivables 2021-A Owner Trust securitization.

Original Summary Characteristics by Prior Securitization:		TAOT 2025-A
Number of Pool Assets		69,132
Original Pool Balance		$1,977,161,496.74
Average Loan Balance		$28,599.80
Weighted Average Interest Rate		6.00%
Weighted Average Original Number of Scheduled Payments		66
Weighted Average Remaining Number of Scheduled Payments		54
Weighted Average FICO® Score(1)		769
Minimum FICO® Score(1)		620
Maximum FICO® Score(1)		900
Geographic Distribution of Receivables representing the 5 states with the greatest aggregate initial principal balance:
		CA - 19.6%
		TX - 16.6%
		PA - 4.2%
		IL - 3.9%
		VA - 3.7%
Distribution of Receivables by Contract Rate(2):
Less than 2.00%		3.69%
2.00%-3.99%		11.11%
4.00%-5.99%		52.79%
6.00%-7.99%		16.74%
8.00%-9.99%		10.86%
10.00%-11.99%		3.24%
12.00%-13.99%		0.95%
14.00%-15.99%		0.32%
16.00% and greater		0.30%
Total		100.00%
Distribution of Receivables by Vehicle Type(2):
Percentage of Cars		26.57%
Percentage of Crossover Utility Vehicles(3)		47.35%
Percentage of Minivans(3)		N.A.
Percentage of Light-Duty Trucks		19.20%
Percentage of Sport Utility Vehicles(3)		6.88%
Total		100.00%
Distribution of Receivables by Make(2):
Percentage of Toyota Vehicles		83.31%
Percentage of Lexus Vehicles		16.69%
Total		100.00%
Share of Original Assets:
Percentage of Total Principal Balance Consisting of Receivables with Original Scheduled Monthly Payments Greater Than 60 Months		60.58%
Percentage of Used Vehicles		9.00%

(3)

Vehicles categorized in this table as “crossover utility vehicles” are included in the category of “sport utility vehicles” or “minivans” in the summary characteristics for each securitization prior to the Toyota Auto Receivables 2021-B Owner Trust securitization, and vehicles categorized as “minivans” in the summary characteristics for each securitization prior to the Toyota Auto Receivables 2021-B Owner Trust securitization are categorized as “crossover utility vehicles” for each securitization after the Toyota Auto Receivables 2021-A Owner Trust securitization.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,733,874,801.26	6,650,137.60	335	878,220.67	45	4,110.64	1	0.05%
2	1,672,774,839.42	7,597,142.30	409	1,196,866.64	62	351,885.96	20	0.09%
3	1,618,959,992.99	7,188,886.36	403	1,749,981.93	102	668,186.75	35	0.15%
4	1,563,477,327.96	5,800,976.09	316	1,050,548.17	70	992,093.42	56	0.13%
5	1,503,149,511.14	5,238,393.31	277	1,118,256.78	69	406,847.12	29	0.10%
6	1,442,956,372.36	6,858,793.82	347	1,038,784.30	67	402,502.63	27	0.10%
7	1,384,984,479.12	6,669,937.64	345	2,096,106.40	111	438,621.51	25	0.18%
8	1,325,430,470.91	7,062,860.11	362	1,584,090.08	89	932,805.60	45	0.19%
9	1,269,229,496.61	7,208,626.30	385	1,692,096.30	91	638,048.28	39	0.18%
10	1,216,035,262.17	6,862,540.56	368	2,149,229.29	118	736,528.82	38	0.24%
11	1,161,259,246.74	8,058,712.92	426	1,632,296.11	85	1,065,278.46	63	0.23%
12	1,109,854,786.02	7,075,407.69	368	1,556,030.60	93	576,901.12	28	0.19%
13	1,062,724,000.09	7,466,175.84	398	1,638,107.61	83	467,473.94	31	0.20%
14	1,004,486,565.74	5,269,521.34	297	919,006.00	43	424,905.46	23	0.13%
15	952,515,186.44	4,225,091.80	229	869,257.16	51	279,948.20	18	0.12%
16	906,230,108.64	5,393,344.03	336	1,227,358.19	66	561,265.62	29	0.20%
17	856,068,610.79	4,588,709.84	253	971,771.15	55	322,187.76	20	0.15%
18	812,177,571.29	6,252,264.97	367	1,229,778.16	70	342,682.30	22	0.19%
19	768,967,245.94	6,511,596.17	379	1,149,723.55	63	352,773.88	23	0.20%
20	728,424,942.15	6,002,161.17	369	1,577,233.90	85	385,806.71	21	0.27%
21	690,231,394.71	6,937,036.45	438	1,217,134.29	80	559,793.17	29	0.26%
22	652,137,735.12	5,625,080.20	372	1,490,709.99	90	450,884.18	29	0.30%
23	614,945,170.45	5,222,051.25	348	1,247,876.63	88	609,872.98	33	0.30%
24	580,207,068.19	5,399,472.39	344	1,167,094.82	81	506,253.89	33	0.29%
25	548,680,806.62	4,991,517.98	351	1,143,730.53	78	298,129.56	17	0.26%
26	512,780,596.88	4,654,529.73	319	866,349.38	57	254,389.41	20	0.22%
27	482,366,883.49	3,952,957.26	288	1,004,101.78	70	164,247.85	16	0.24%
28	452,518,291.63	4,232,923.66	327	976,373.75	65	298,620.55	26	0.28%
29	423,974,733.32	3,791,000.49	294	849,243.87	66	192,374.75	13	0.25%
30	397,831,267.28	4,078,779.60	332	691,269.18	53	206,157.39	21	0.23%
31	370,329,937.87	3,905,681.26	308	961,245.74	73	191,540.71	14	0.31%
32	345,509,267.32	3,427,980.13	286	870,975.26	77	327,940.97	22	0.35%
33	322,375,207.83	3,839,566.54	335	905,492.42	80	247,876.45	27	0.36%
34	300,105,769.23	3,346,191.65	307	987,040.54	82	301,773.98	31	0.43%
35	278,632,652.28	3,948,100.22	371	1,141,211.53	92	395,363.74	41	0.55%
36	257,628,892.21	3,246,664.91	311	1,086,033.99	96	362,238.58	29	0.56%
37	237,954,224.29	2,854,680.11	295	1,070,767.71	87	260,206.52	29	0.56%
38	217,038,900.38	2,830,640.33	296	798,467.50	74	371,154.76	27	0.54%
39	199,111,178.41	3,373,205.58	336	737,427.98	78	198,171.47	23	0.47%
40	180,963,854.29	2,832,484.21	289	727,934.73	76	186,589.00	23	0.51%
41	164,570,126.24	2,448,207.02	263	749,196.47	78	123,587.28	16	0.53%
42	149,641,381.37	2,808,385.94	319	741,114.20	76	187,871.27	19	0.62%
43	134,852,495.76	2,272,475.76	282	690,608.10	76	188,984.13	18	0.65%
44	121,369,471.03	2,417,468.11	279	635,128.83	76	110,719.55	14	0.61%
45	108,682,357.03	2,154,444.16	279	644,910.90	70	154,332.45	21	0.74%
46	96,853,232.88	2,039,192.07	268	649,473.82	81	222,489.12	28	0.90%
47	85,988,957.45	2,411,591.13	334	646,468.62	93	201,176.68	32	0.99%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,235,419,315.46	5,327,204.98	266	75,338.81	3	29,954.98	1	0.01%
2	1,194,725,039.48	3,617,910.29	188	687,840.01	38	-	-	0.06%
3	1,150,446,256.04	3,478,227.37	177	515,417.64	33	240,183.69	12	0.07%
4	1,105,915,031.87	4,029,853.65	206	640,903.31	37	254,745.02	16	0.08%
5	1,062,992,232.71	4,811,253.71	236	826,134.05	43	293,871.50	16	0.11%
6	1,018,479,945.42	4,331,434.57	226	973,136.95	51	373,998.30	15	0.13%
7	977,447,793.09	4,084,342.08	220	947,110.27	59	446,323.01	27	0.14%
8	938,352,087.93	4,217,543.17	229	836,906.88	55	505,068.00	25	0.14%
9	897,044,384.55	4,591,264.62	245	875,521.96	55	297,355.11	22	0.13%
10	859,711,813.19	3,945,022.10	212	953,727.63	54	409,577.10	24	0.16%
11	825,329,623.07	4,410,280.20	233	1,180,846.42	60	309,326.96	19	0.18%
12	782,329,970.14	3,290,081.73	162	770,747.25	38	362,063.24	16	0.14%
13	744,140,388.82	2,050,486.66	121	807,676.58	37	268,097.27	16	0.14%
14	708,826,169.73	3,735,516.28	209	726,737.75	34	329,629.62	16	0.15%
15	672,127,214.67	3,045,175.16	169	611,747.36	39	282,762.43	13	0.13%
16	638,916,624.81	3,763,321.09	227	635,911.68	33	294,908.56	19	0.15%
17	605,275,954.06	3,654,794.07	209	717,645.15	45	168,469.32	10	0.15%
18	575,412,089.91	3,864,718.22	227	619,058.97	33	206,395.33	16	0.14%
19	546,482,511.50	4,406,398.25	262	919,243.00	50	305,318.79	14	0.22%
20	517,760,911.50	4,164,335.23	257	819,762.43	46	221,058.77	13	0.20%
21	488,697,483.05	3,567,766.47	224	1,007,388.65	58	255,779.83	17	0.26%
22	462,676,436.09	3,373,855.59	223	1,090,404.12	61	355,142.74	20	0.31%
23	438,742,834.28	3,666,973.19	245	777,421.31	53	377,864.53	20	0.26%
24	411,513,072.19	2,924,856.43	203	614,204.39	34	200,473.56	15	0.20%
25	387,543,373.70	2,887,220.42	201	555,800.16	32	111,640.67	9	0.17%
26	365,266,335.49	2,904,026.95	213	707,266.31	44	148,948.65	8	0.23%
27	343,704,381.35	2,742,551.70	196	624,084.54	45	239,989.33	16	0.25%
28	323,324,962.22	2,923,156.10	232	690,523.08	51	85,337.92	11	0.24%
29	302,858,281.77	2,467,331.19	199	687,030.15	52	220,368.45	14	0.30%
30	283,944,029.63	2,641,842.35	203	528,648.26	48	188,897.01	14	0.25%
31	266,373,537.73	2,409,182.10	205	666,353.75	48	153,947.06	17	0.31%
32	249,274,451.62	2,789,037.83	228	683,964.41	55	217,474.54	18	0.36%
33	232,817,553.34	2,628,486.08	239	781,163.54	59	222,009.40	20	0.43%
34	216,689,658.50	2,254,250.18	205	790,068.58	67	332,355.77	22	0.52%
35	201,407,472.73	2,193,647.12	207	534,007.01	53	253,075.03	19	0.39%
36	185,378,260.53	2,095,086.59	194	476,880.06	47	136,143.81	14	0.33%
37	171,715,261.50	2,578,934.21	247	483,917.72	46	158,304.82	17	0.37%
38	157,311,116.39	2,131,666.33	195	433,884.92	48	118,446.58	13	0.35%
39	144,132,376.23	1,803,126.18	184	496,115.61	47	85,769.61	10	0.40%
40	132,115,310.20	1,956,955.20	211	413,756.78	44	202,894.84	21	0.47%
41	120,031,533.06	1,753,904.48	189	493,253.16	52	101,348.50	11	0.50%
42	109,206,513.27	1,762,592.33	200	565,512.22	61	138,048.86	14	0.64%
43	98,535,200.86	1,673,533.26	208	561,849.41	54	115,445.21	17	0.69%
44	88,862,486.72	1,674,928.11	200	541,288.92	56	190,454.33	21	0.82%
45	80,035,190.36	1,730,465.65	232	576,227.01	64	165,827.54	20	0.93%
46	71,003,204.23	1,636,419.92	204	440,859.53	48	118,229.24	17	0.79%
47	62,801,907.95	1,330,005.07	175	435,656.11	46	148,024.37	18	0.93%
48	54,898,968.72	1,260,688.22	174	365,417.34	41	155,141.37	20	0.95%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,539,624,439.96	3,224,479.08	172	503,739.47	34	36,237.25	1	0.04%
2	1,481,682,948.18	4,016,167.87	214	554,599.53	38	290,858.22	15	0.06%
3	1,422,669,648.54	4,191,222.82	220	570,217.72	36	180,757.31	12	0.05%
4	1,367,372,417.93	4,229,132.68	234	804,988.23	48	275,139.72	15	0.08%
5	1,315,025,338.27	4,236,502.51	237	806,191.51	49	288,373.14	16	0.08%
6	1,261,636,780.02	4,682,661.08	265	1,047,397.58	54	146,481.28	15	0.09%
7	1,211,808,224.89	4,082,534.58	224	613,950.28	45	546,680.03	29	0.10%
8	1,164,976,434.27	4,534,764.86	263	958,838.51	55	208,836.01	15	0.10%
9	1,106,696,441.09	3,545,139.63	199	668,950.52	34	244,735.42	13	0.08%
10	1,057,140,031.00	2,590,297.67	154	585,655.01	38	326,534.51	19	0.09%
11	1,011,394,903.91	4,213,948.42	241	590,655.48	45	304,518.12	21	0.09%
12	961,020,010.06	3,362,056.45	208	853,440.17	45	148,214.33	15	0.10%
13	916,410,376.38	4,952,488.17	294	725,241.01	52	250,260.82	14	0.11%
14	872,208,413.88	4,870,946.59	297	948,004.52	59	182,691.67	18	0.13%
15	831,035,390.66	3,948,556.82	242	1,078,752.69	62	281,496.15	18	0.16%
16	792,323,365.56	5,079,913.86	328	1,034,463.64	60	351,887.27	23	0.17%
17	753,129,774.05	3,959,220.09	255	920,026.06	61	323,370.85	19	0.17%
18	713,929,954.04	4,545,546.57	297	1,081,806.75	71	359,717.52	20	0.20%
19	678,241,446.77	4,023,013.90	281	1,230,331.32	77	405,818.61	26	0.24%
20	644,987,748.00	4,191,228.44	270	1,333,149.48	85	335,608.03	22	0.26%
21	606,954,850.94	4,170,083.43	265	745,969.38	52	343,994.89	22	0.18%
22	575,229,170.88	3,338,671.56	233	1,013,968.22	59	300,673.45	19	0.23%
23	544,392,671.82	3,640,264.31	260	783,929.13	51	286,839.91	21	0.20%
24	515,260,438.45	3,308,904.69	242	731,296.84	51	244,137.62	17	0.19%
25	487,574,639.97	3,518,238.49	275	870,198.11	68	323,392.42	20	0.24%
26	458,858,878.90	2,876,844.30	229	760,288.32	58	405,967.48	31	0.25%
27	432,654,583.90	2,498,357.03	203	650,485.52	49	274,592.81	22	0.21%
28	407,650,282.61	2,923,008.57	246	672,620.96	48	308,685.72	27	0.24%
29	383,605,095.88	3,328,281.24	278	795,328.65	58	189,170.91	15	0.26%
30	360,542,712.71	3,356,855.45	309	772,776.17	60	258,314.24	25	0.29%
31	337,124,335.48	3,025,839.86	274	751,145.86	62	178,857.35	17	0.28%
32	315,566,898.32	2,871,718.53	248	712,488.25	62	128,207.05	16	0.27%
33	292,760,142.76	2,875,394.56	252	482,623.06	46	262,023.64	20	0.25%
34	272,867,129.40	2,494,594.44	248	768,902.31	65	206,984.40	18	0.36%
35	252,213,817.07	2,761,719.42	266	730,486.17	66	159,652.90	19	0.35%
36	233,000,180.61	2,139,190.32	221	731,789.90	63	163,580.52	16	0.38%
37	215,305,505.87	2,662,751.79	255	564,702.93	51	187,711.79	22	0.35%
38	197,723,483.67	2,227,253.58	247	776,222.33	61	165,787.04	17	0.48%
39	181,775,489.65	1,909,508.03	222	525,712.03	49	355,827.86	27	0.48%
40	166,019,470.92	2,137,831.12	254	521,145.01	52	157,643.88	15	0.41%
41	151,777,661.02	1,954,496.64	235	436,199.04	56	155,155.17	16	0.39%
42	138,389,768.95	2,321,698.48	281	465,941.30	59	163,651.98	22	0.45%
43	124,765,060.13	1,705,565.85	217	619,126.42	67	94,910.68	19	0.57%
44	112,267,453.84	1,432,017.83	194	479,213.65	56	131,333.44	20	0.54%
45	100,086,777.51	1,554,994.69	198	380,668.84	51	117,339.04	20	0.50%
46	88,736,621.54	1,374,391.68	189	345,419.52	48	121,835.59	21	0.53%
47	78,247,920.03	1,290,958.32	185	417,426.95	59	62,089.66	12	0.61%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,529,575,631.33	4,306,765.89	246	518,656.55	24	-	-	0.03%
2	1,473,891,064.24	3,971,093.35	226	891,220.33	48	230,897.17	13	0.08%
3	1,414,888,988.36	4,246,831.21	246	584,219.06	44	506,280.15	27	0.08%
4	1,360,921,767.60	4,096,394.39	254	591,161.32	37	182,481.87	17	0.06%
5	1,309,162,764.61	4,328,530.46	245	908,117.11	57	285,730.84	21	0.09%
6	1,245,042,870.01	3,851,078.49	215	687,221.65	33	270,648.93	14	0.08%
7	1,189,198,642.45	2,848,490.99	157	610,104.36	33	229,978.10	10	0.07%
8	1,138,429,369.19	4,246,473.76	245	729,993.81	39	481,707.46	24	0.11%
9	1,083,948,276.34	3,646,272.47	222	679,778.11	39	403,412.06	19	0.10%
10	1,034,055,014.07	4,782,597.08	271	606,982.33	40	273,779.75	15	0.09%
11	985,678,185.02	5,025,887.83	296	1,075,883.10	58	179,645.17	12	0.13%
12	939,560,076.10	4,782,391.36	281	852,475.81	56	352,130.75	20	0.13%
13	896,189,040.66	5,732,198.27	337	878,515.13	59	295,598.11	22	0.13%
14	853,061,402.64	4,731,386.39	298	961,967.13	60	316,975.52	21	0.15%
15	810,498,719.41	5,008,435.35	317	961,950.82	64	304,392.04	21	0.16%
16	771,489,751.01	4,994,079.75	306	1,065,921.31	71	327,262.20	21	0.18%
17	734,231,696.23	4,824,451.39	294	1,049,890.91	67	446,334.92	34	0.20%
18	692,680,139.73	3,952,192.10	261	776,512.35	45	171,160.44	14	0.14%
19	656,619,400.54	4,182,110.28	280	644,828.60	44	283,317.38	17	0.14%
20	622,564,708.74	3,775,270.80	270	880,361.15	53	293,412.25	23	0.19%
21	589,829,754.72	3,565,541.60	253	672,816.12	41	351,041.88	23	0.17%
22	559,564,112.17	4,185,125.71	302	692,771.13	51	294,375.88	21	0.18%
23	527,044,857.64	3,791,184.89	269	888,143.24	66	230,258.49	16	0.21%
24	498,386,569.19	3,441,997.38	260	1,042,344.53	72	386,140.16	27	0.29%
25	471,230,726.33	3,634,435.40	279	1,244,029.59	82	337,156.40	27	0.34%
26	444,584,748.52	3,566,470.19	287	993,959.24	69	392,882.57	31	0.31%
27	419,027,469.64	4,373,962.50	354	1,115,511.86	85	399,579.90	27	0.36%
28	393,981,271.63	3,768,559.96	317	938,645.54	72	349,575.62	27	0.33%
29	370,661,644.50	3,295,818.03	285	857,656.67	66	378,382.50	27	0.33%
30	345,753,311.29	3,548,728.91	288	547,176.24	47	179,065.46	18	0.21%
31	323,906,340.68	3,196,007.30	285	919,160.98	70	152,014.00	14	0.33%
32	301,236,915.79	3,169,692.27	271	694,787.66	61	227,231.89	19	0.31%
33	280,633,119.60	2,841,384.59	247	812,132.10	68	174,152.96	19	0.35%
34	261,129,025.75	3,051,887.73	285	701,756.33	63	243,480.28	21	0.36%
35	241,648,411.34	2,774,913.29	277	763,073.92	65	216,228.09	21	0.41%
36	224,236,193.82	3,000,951.11	313	739,404.63	70	214,939.54	20	0.43%
37	206,377,046.56	3,152,747.35	324	761,133.37	77	200,469.22	22	0.47%
38	190,165,129.69	2,538,045.46	262	722,000.01	74	177,883.35	28	0.47%
39	174,997,439.22	2,745,521.76	311	909,104.21	90	232,638.35	29	0.65%
40	159,231,386.25	2,039,294.11	252	689,168.64	75	248,736.88	23	0.59%
41	144,820,139.23	1,893,016.46	230	468,222.99	55	68,805.63	12	0.37%
42	130,946,264.56	2,084,302.99	263	627,723.38	71	117,952.78	15	0.57%
43	117,780,702.82	1,597,927.11	205	474,827.23	59	177,498.37	22	0.55%
44	105,454,901.20	1,728,087.96	243	364,041.02	51	189,941.26	21	0.53%
45	94,675,273.08	1,700,550.06	240	441,044.48	62	97,913.91	17	0.57%
46	83,883,664.60	1,802,229.58	247	415,845.80	59	157,007.18	26	0.68%
47	74,093,406.38	1,619,907.16	238	421,027.88	68	128,222.25	19	0.74%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,705,937,362.99	4,769,285.58	231	598,877.98	28	-	-	0.04%
2	1,634,126,132.02	2,831,716.26	142	681,033.54	33	139,463.10	5	0.05%
3	1,569,632,732.24	2,509,605.48	133	527,035.93	28	260,413.20	12	0.05%
4	1,511,631,876.81	4,693,285.73	255	561,237.44	36	167,815.72	12	0.05%
5	1,450,429,903.60	4,327,912.22	222	919,046.22	54	181,225.37	11	0.08%
6	1,392,772,434.10	6,094,139.77	319	897,250.28	46	402,489.02	29	0.09%
7	1,335,603,527.48	5,719,490.30	305	990,970.71	54	340,706.56	18	0.10%
8	1,282,102,945.80	6,021,558.78	318	1,033,552.72	58	380,098.35	25	0.11%
9	1,231,926,667.07	6,678,278.57	354	1,258,823.51	71	393,348.06	22	0.13%
10	1,180,782,236.08	6,125,883.73	315	1,262,483.14	70	377,840.03	24	0.14%
11	1,129,949,941.23	6,036,668.81	336	1,538,756.02	81	366,601.39	19	0.17%
12	1,081,985,997.25	5,077,421.72	291	1,623,271.86	82	363,194.55	23	0.18%
13	1,037,692,404.95	6,698,843.08	369	1,534,031.14	80	617,973.55	30	0.21%
14	988,033,707.17	5,878,325.35	333	942,501.50	61	438,759.79	23	0.14%
15	944,729,743.87	5,171,138.69	283	1,159,585.39	69	311,729.52	21	0.16%
16	902,733,069.48	5,895,938.97	342	1,036,451.77	60	442,454.37	27	0.16%
17	861,116,649.67	5,241,634.58	299	1,007,478.46	61	267,399.40	17	0.15%
18	822,648,469.92	6,088,448.67	366	1,361,350.48	81	347,508.79	23	0.21%
19	782,795,412.78	5,530,068.14	328	1,125,460.81	75	504,788.21	30	0.21%
20	745,861,858.31	5,662,562.40	338	1,384,856.21	80	370,652.59	24	0.24%
21	711,260,141.60	5,710,715.99	355	1,438,991.18	91	399,219.32	24	0.26%
22	677,424,946.05	5,762,415.70	352	1,555,807.28	95	340,410.82	28	0.28%
23	645,209,998.17	6,502,499.48	407	1,436,396.48	94	653,752.19	40	0.32%
24	612,198,881.34	5,286,247.24	346	1,759,441.59	115	476,507.72	30	0.37%
25	581,271,919.68	4,632,189.07	312	1,176,718.83	77	550,941.74	43	0.30%
26	548,354,948.14	5,043,048.36	338	1,096,095.48	66	304,586.37	23	0.26%
27	519,920,676.59	4,982,074.28	358	1,559,291.56	103	387,528.98	25	0.37%
28	489,650,249.07	4,428,238.07	324	1,433,316.50	97	257,676.78	17	0.35%
29	461,012,642.59	4,272,351.86	319	1,258,502.44	90	391,527.96	24	0.36%
30	434,557,123.09	4,788,366.50	373	1,060,078.34	78	434,946.36	30	0.34%
31	408,004,763.54	4,742,728.41	363	964,020.77	72	291,927.47	21	0.31%
32	383,434,427.70	5,083,222.38	395	1,125,634.64	88	249,895.44	23	0.36%
33	359,527,191.59	5,064,665.68	406	1,100,871.50	80	236,261.88	27	0.37%
34	336,846,730.32	4,150,585.71	345	1,195,347.75	103	411,853.32	30	0.48%
35	314,607,179.12	4,993,221.95	453	1,236,049.56	97	360,286.25	33	0.51%
36	291,571,118.19	3,877,390.07	354	1,171,894.42	104	441,522.38	36	0.55%
37	270,513,895.36	3,656,898.71	331	1,411,215.35	111	262,506.81	34	0.62%
38	249,714,856.10	3,457,757.51	322	1,095,853.60	97	356,972.26	29	0.58%
39	229,681,243.45	3,288,637.23	305	871,426.63	83	328,058.37	28	0.52%
40	210,127,164.83	3,115,887.96	319	835,374.02	78	283,464.02	27	0.53%
41	193,127,058.63	3,183,030.73	342	885,596.33	88	368,558.89	32	0.65%
42	175,293,111.72	2,852,142.16	318	1,133,698.82	107	214,663.37	32	0.77%
43	158,829,372.43	2,780,523.71	314	813,020.18	86	346,967.97	33	0.73%
44	143,528,446.55	2,714,706.28	316	847,718.89	86	327,370.66	35	0.82%
45	128,281,099.78	2,504,992.81	311	775,805.98	84	207,360.36	20	0.77%
46	114,475,204.00	2,062,014.42	278	765,413.75	96	152,346.16	18	0.80%
47	100,927,255.38	2,202,032.10	289	663,840.34	76	219,077.55	38	0.87%
48	88,176,233.47	1,580,327.70	224	656,901.08	81	194,449.52	25	0.97%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,549,043,349.48	4,964,950.27	215	829,238.86	32	23,680.07	1	0.06%
2	1,494,322,829.23	6,829,660.72	300	903,756.21	40	337,056.87	12	0.08%
3	1,438,204,346.87	7,392,185.54	323	1,335,175.20	59	412,951.16	17	0.12%
4	1,385,010,608.19	6,658,481.58	299	1,404,593.90	60	603,550.38	25	0.14%
5	1,334,741,639.50	8,596,221.54	393	1,646,684.80	71	444,253.03	17	0.16%
6	1,281,481,304.98	8,118,942.99	354	1,613,447.47	76	711,040.91	30	0.18%
7	1,229,159,210.85	7,786,378.09	366	1,996,977.37	88	714,412.05	35	0.22%
8	1,181,449,889.44	7,987,558.38	363	1,991,582.93	91	615,539.69	27	0.22%
9	1,138,250,270.02	8,480,095.89	372	2,123,298.74	103	537,066.65	23	0.23%
10	1,088,638,411.62	7,203,456.80	346	1,676,779.02	72	744,573.06	36	0.22%
11	1,045,516,485.34	5,672,037.81	280	1,812,781.02	82	504,017.96	21	0.22%
12	1,003,680,879.16	7,069,668.58	350	1,521,869.65	66	656,432.21	28	0.22%
13	962,475,281.36	6,439,994.02	320	1,867,984.75	87	452,662.89	23	0.24%
14	925,182,404.45	7,547,740.95	379	1,527,208.05	72	636,402.36	32	0.23%
15	885,225,690.65	7,247,407.55	363	1,870,317.00	92	396,117.26	21	0.26%
16	848,185,898.23	6,368,465.34	337	2,080,957.31	96	681,304.56	37	0.33%
17	812,657,185.65	7,593,518.01	405	1,705,757.81	84	707,271.25	38	0.30%
18	778,705,394.99	7,079,839.30	357	1,914,119.45	95	619,064.18	33	0.33%
19	745,495,497.52	7,715,622.14	413	1,936,054.78	99	563,675.27	30	0.34%
20	712,764,818.04	7,295,827.90	386	2,646,776.14	129	603,008.53	30	0.46%
21	681,371,475.81	6,544,710.47	357	1,793,861.78	92	602,005.52	35	0.35%
22	648,158,539.14	6,015,548.29	336	1,639,360.47	77	435,513.40	26	0.32%
23	618,506,465.65	6,780,356.94	396	1,596,009.60	89	573,087.11	26	0.35%
24	587,329,439.89	5,991,833.35	346	1,713,944.22	95	344,464.89	21	0.35%
25	558,214,956.87	6,364,841.78	374	1,640,753.87	92	500,307.28	25	0.38%
26	530,781,446.94	6,818,948.86	422	1,804,631.76	103	542,118.17	29	0.44%
27	502,640,264.45	5,809,925.89	353	1,820,954.59	116	467,502.53	25	0.46%
28	476,758,066.34	6,611,063.79	414	1,602,484.20	102	401,502.08	26	0.42%
29	451,061,306.81	6,084,451.76	417	1,664,331.32	101	371,821.38	26	0.45%
30	426,631,554.35	5,435,764.52	366	1,544,132.45	101	499,559.57	33	0.48%
31	403,000,339.56	6,610,349.66	468	1,512,836.61	94	428,580.09	32	0.48%
32	378,300,210.69	5,433,543.75	393	1,583,416.79	109	715,349.00	40	0.61%
33	355,883,132.47	5,012,636.07	371	1,477,841.20	95	477,996.51	36	0.55%
34	332,634,846.32	4,687,722.57	361	1,229,085.77	89	293,412.80	23	0.46%
35	310,639,866.91	4,344,086.43	340	1,105,289.34	79	453,423.00	32	0.50%
36	289,084,344.30	4,468,930.61	362	1,171,578.08	95	356,531.24	25	0.53%
37	269,996,337.75	5,010,258.52	426	1,418,721.29	108	260,844.39	25	0.62%
38	250,219,967.16	4,745,176.17	399	1,239,328.03	100	319,779.25	25	0.62%
39	231,515,102.61	4,352,193.58	385	1,131,172.93	98	345,961.16	32	0.64%
40	213,795,081.56	4,183,319.44	377	1,280,783.28	113	330,661.20	30	0.75%
41	195,607,364.53	3,748,397.04	359	1,150,353.66	97	418,297.07	36	0.80%
42	179,234,543.12	3,919,671.65	387	1,172,944.46	106	325,386.50	30	0.84%
43	162,591,915.29	3,445,955.48	353	935,440.16	90	310,465.16	30	0.77%
44	146,891,033.26	2,961,310.98	298	619,337.00	72	340,392.16	30	0.65%
45	132,238,529.86	2,471,624.55	252	669,723.68	70	186,225.84	22	0.65%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,555,892,918.57	6,195,201.10	260	651,762.63	32	28,328.71	2	0.04%
2	1,503,312,763.07	7,900,136.66	322	1,111,956.59	47	394,792.47	18	0.10%
3	1,449,099,050.72	6,533,413.20	277	1,390,019.08	52	301,204.01	14	0.12%
4	1,395,793,101.94	6,987,687.40	287	1,188,422.57	56	525,564.67	21	0.12%
5	1,343,611,525.08	7,121,039.46	308	1,383,001.53	64	425,904.47	21	0.13%
6	1,296,514,242.36	6,688,603.21	312	1,338,223.80	62	576,827.81	23	0.15%
7	1,243,319,850.08	6,493,871.01	294	849,118.14	41	404,144.71	18	0.10%
8	1,197,193,418.12	6,083,151.45	281	956,317.28	44	329,747.79	16	0.11%
9	1,152,447,723.45	6,865,287.01	311	1,159,715.37	53	317,442.07	17	0.13%
10	1,109,159,066.70	7,060,909.58	315	1,541,335.23	78	357,889.41	15	0.17%
11	1,069,072,918.69	8,260,804.64	392	1,426,074.66	63	606,551.33	35	0.19%
12	1,026,696,625.33	7,326,703.38	344	1,576,647.23	66	450,699.39	20	0.20%
13	987,062,946.15	8,216,497.61	385	1,616,331.14	73	559,098.63	24	0.22%
14	949,517,231.62	7,888,577.03	380	1,639,870.07	82	523,262.89	23	0.23%
15	913,062,360.16	7,756,106.68	386	1,825,483.20	86	690,152.80	31	0.28%
16	876,893,719.28	9,143,472.11	455	2,004,038.24	106	883,694.64	36	0.33%
17	842,008,080.91	8,293,323.81	402	2,397,785.54	116	662,269.12	37	0.36%
18	807,805,260.32	7,016,610.29	366	2,091,141.10	98	1,001,799.35	52	0.38%
19	772,529,759.89	6,920,171.94	359	1,661,626.50	79	692,780.21	38	0.30%
20	740,441,460.86	8,220,461.81	421	1,925,997.06	99	643,635.42	33	0.35%
21	706,329,502.13	7,236,192.32	391	1,883,620.34	92	513,009.12	29	0.34%
22	673,393,830.99	6,262,547.29	348	1,740,747.55	94	747,662.63	40	0.37%
23	643,085,420.04	7,500,054.24	419	2,015,545.91	109	469,816.14	28	0.39%
24	612,630,165.41	6,765,527.46	370	1,979,121.59	106	563,157.01	33	0.41%
25	583,736,412.80	7,687,498.29	433	1,572,682.43	89	548,879.85	31	0.36%
26	555,483,996.96	7,672,570.97	465	1,881,254.73	105	421,392.54	25	0.41%
27	527,839,314.12	7,366,893.48	438	1,781,301.41	104	602,616.63	36	0.45%
28	502,001,655.08	8,137,251.54	523	1,999,807.79	115	505,257.47	33	0.50%
29	474,647,473.03	6,827,037.33	448	1,906,507.49	110	540,086.49	34	0.52%
30	449,605,220.94	6,020,671.44	396	1,808,083.70	112	349,160.83	21	0.48%
31	424,297,534.73	5,498,617.37	376	1,603,908.42	105	425,772.11	27	0.48%
32	399,289,854.21	5,241,243.04	360	1,369,166.08	100	482,658.80	30	0.46%
33	375,062,011.30	5,744,871.02	408	1,319,041.88	92	343,110.67	27	0.44%
34	352,943,401.12	5,969,542.13	423	1,721,623.56	122	368,792.31	28	0.59%
35	329,761,761.39	5,605,883.97	445	1,613,186.13	115	465,278.06	35	0.63%
36	307,418,670.01	5,719,717.68	436	1,391,213.82	107	493,858.57	42	0.61%
37	286,280,140.45	5,492,270.45	441	1,321,279.88	104	385,993.22	31	0.60%
38	265,312,475.38	5,014,681.33	420	1,463,663.43	118	361,074.21	30	0.69%
39	245,690,607.27	4,826,979.94	400	1,336,731.80	120	394,738.78	36	0.70%
40	226,173,226.79	4,410,809.94	393	1,089,164.71	94	380,665.21	35	0.65%
41	207,222,555.99	3,578,054.19	324	942,215.30	90	293,306.77	27	0.60%
42	189,684,329.10	3,080,002.53	292	834,686.97	80	263,964.91	27	0.58%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,557,677,576.95	6,436,077.50	278	1,329,908.20	53	33,887.40	2	0.09%
2	1,500,903,090.81	6,746,801.79	293	1,168,275.68	49	657,914.32	26	0.12%
3	1,447,355,314.82	7,426,057.07	308	1,527,087.87	63	518,012.97	21	0.14%
4	1,397,860,133.65	8,482,309.33	363	1,699,082.21	66	459,092.00	18	0.15%
5	1,342,071,332.76	6,675,817.09	309	1,103,378.34	48	322,583.77	16	0.11%
6	1,294,506,703.42	6,215,740.40	276	1,145,520.39	56	577,697.45	23	0.13%
7	1,248,460,694.33	7,246,951.20	328	1,554,778.15	65	317,242.86	16	0.15%
8	1,203,017,659.86	7,113,480.86	322	1,746,453.95	78	581,058.38	25	0.19%
9	1,159,819,790.19	9,438,978.08	410	1,730,283.96	78	598,206.85	28	0.20%
10	1,115,627,597.07	8,331,920.63	379	1,647,689.82	72	630,475.63	31	0.20%
11	1,074,797,138.58	7,878,434.01	364	2,012,418.81	86	716,502.33	32	0.25%
12	1,036,794,952.52	9,177,418.07	441	1,976,426.94	86	949,627.58	41	0.28%
13	998,662,061.57	8,817,679.00	401	2,130,430.86	108	715,377.39	33	0.28%
14	962,176,393.55	9,863,726.07	476	2,447,088.64	114	1,068,310.77	51	0.37%
15	926,112,365.04	9,019,350.39	426	2,644,380.12	121	875,316.00	45	0.38%
16	891,419,150.20	7,800,356.77	375	2,604,802.89	126	792,123.27	36	0.38%
17	853,972,073.00	8,605,835.59	424	1,886,521.37	89	668,189.30	33	0.30%
18	820,481,771.64	8,818,758.76	441	2,198,788.30	112	808,253.68	39	0.37%
19	785,307,083.13	7,343,517.44	389	2,437,162.05	121	556,778.00	26	0.38%
20	752,505,708.10	6,944,835.36	360	2,223,565.67	115	534,235.36	25	0.37%
21	721,228,152.81	7,744,953.85	402	2,126,424.62	110	602,722.95	33	0.38%
22	688,829,319.48	7,334,010.06	396	1,855,802.24	104	650,960.86	32	0.36%
23	658,445,102.84	8,005,783.43	438	2,069,969.44	108	423,109.40	25	0.38%
24	628,247,320.64	8,162,873.91	461	2,041,490.95	105	596,530.83	35	0.42%
25	599,532,656.95	8,182,111.48	463	2,286,753.63	120	440,450.03	25	0.45%
26	572,171,706.38	10,019,776.54	574	2,243,512.38	129	875,454.68	47	0.55%
27	543,045,314.46	7,696,278.41	471	2,591,465.67	139	660,390.05	37	0.60%
28	515,642,285.56	7,209,183.14	430	1,907,474.79	114	654,617.64	38	0.50%
29	488,074,701.07	6,886,900.26	419	1,600,744.39	93	499,071.74	32	0.43%
30	461,218,036.29	6,920,116.55	434	1,693,199.53	100	497,125.39	31	0.47%
31	435,423,509.64	6,113,277.74	412	1,686,596.97	107	627,807.40	36	0.53%
32	412,124,453.16	7,002,793.30	477	2,037,588.55	132	527,418.58	36	0.62%
33	386,862,790.76	7,155,190.22	507	1,674,358.40	115	441,416.21	34	0.55%
34	363,329,381.07	5,972,436.63	413	1,820,139.69	125	502,709.63	37	0.64%
35	340,964,584.35	5,849,321.02	419	1,664,959.91	114	665,875.11	47	0.68%
36	317,999,603.88	5,046,202.56	402	1,851,453.22	120	337,310.94	25	0.69%
37	296,793,552.76	5,184,162.76	409	1,263,148.78	95	499,939.47	37	0.59%
38	275,559,285.80	5,211,120.02	419	1,366,134.08	100	347,302.41	31	0.62%
39	254,479,172.98	4,489,369.09	369	1,230,076.77	99	323,854.25	24	0.61%
40	234,791,453.42	4,102,864.54	348	1,057,452.69	82	342,930.66	26	0.60%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,656,158,618.89	6,170,160.84	260	949,524.57	43	27,210.40	1	0.06%
2	1,603,602,835.23	8,571,862.01	356	889,422.39	36	395,058.02	20	0.08%
3	1,542,048,821.24	8,070,533.43	324	763,186.51	35	208,016.94	10	0.06%
4	1,488,464,747.97	6,420,646.38	278	1,195,583.43	51	420,989.29	18	0.11%
5	1,436,869,082.72	7,369,146.23	305	1,111,714.88	52	346,002.73	14	0.10%
6	1,384,109,473.29	7,766,443.89	332	1,249,872.50	55	529,122.45	22	0.13%
7	1,337,112,188.66	10,117,076.61	412	1,775,607.54	85	625,837.92	30	0.18%
8	1,287,273,031.70	7,811,587.19	332	2,269,719.40	84	837,691.27	40	0.24%
9	1,242,103,887.18	7,879,979.23	346	2,190,189.66	92	852,955.31	30	0.24%
10	1,199,683,971.04	10,151,266.41	443	1,999,872.58	80	784,937.09	32	0.23%
11	1,158,943,912.18	10,542,617.57	443	2,329,335.12	115	686,835.18	27	0.26%
12	1,118,617,931.05	11,488,760.84	495	2,717,414.71	116	950,172.18	50	0.33%
13	1,077,908,086.73	10,793,133.58	489	3,680,640.92	152	1,122,660.33	47	0.45%
14	1,039,007,432.11	9,396,664.97	421	3,201,157.60	141	1,325,999.87	57	0.44%
15	996,914,790.09	9,482,218.38	441	2,518,294.51	106	1,126,916.14	55	0.37%
16	959,617,744.13	10,140,812.02	459	2,457,636.44	122	702,238.60	32	0.33%
17	919,049,933.64	8,990,844.09	432	2,731,095.12	126	645,878.05	32	0.37%
18	881,106,829.08	8,257,995.56	395	2,144,840.43	104	988,112.81	44	0.36%
19	846,334,312.38	9,947,627.48	492	2,359,841.07	114	463,390.38	27	0.33%
20	811,087,484.63	9,313,039.51	473	2,359,013.11	118	858,514.27	42	0.40%
21	777,555,537.72	10,012,380.60	506	2,359,494.97	129	590,858.36	31	0.38%
22	743,798,662.86	10,204,947.10	532	2,752,505.39	140	657,122.71	39	0.46%
23	711,629,345.65	9,764,729.96	518	2,829,321.84	148	1,010,408.58	49	0.54%
24	680,735,534.43	11,253,298.31	601	2,786,898.10	148	1,106,147.42	58	0.57%
25	648,192,056.59	10,810,408.95	574	2,915,190.20	152	1,214,440.30	65	0.64%
26	617,591,674.86	8,719,180.35	469	2,652,732.85	141	844,123.88	46	0.57%
27	586,570,647.95	8,607,886.35	505	2,168,976.51	117	865,951.03	49	0.52%
28	555,398,197.00	7,486,833.48	444	2,238,729.20	123	643,474.18	36	0.52%
29	526,088,757.19	7,755,918.23	464	2,187,449.48	125	660,999.24	36	0.54%
30	499,248,748.94	8,392,559.60	525	2,316,873.69	141	650,270.08	36	0.59%
31	471,265,999.64	8,860,866.79	572	2,260,818.44	129	829,451.01	54	0.66%
32	444,157,483.32	8,255,858.47	528	2,258,540.95	135	451,040.18	30	0.61%
33	418,344,530.97	7,560,403.80	499	2,310,524.28	161	628,480.38	41	0.70%
34	392,589,738.87	7,589,467.56	525	2,064,799.55	140	618,510.12	45	0.68%
35	368,382,541.62	7,048,192.54	502	2,239,228.31	153	420,909.56	30	0.72%
36	343,696,785.87	6,570,049.30	471	1,798,048.28	129	821,617.08	53	0.76%
37	319,206,717.41	5,698,916.63	434	1,688,398.05	126	478,388.37	37	0.68%
38	296,799,563.06	5,050,722.65	398	1,206,157.29	90	331,645.10	30	0.52%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,711,030,366.29	6,005,040.79	217	1,063,963.98	39	93,452.94	2	0.07%
2	1,653,499,964.91	7,493,318.15	283	956,318.14	38	478,634.16	15	0.09%
3	1,596,901,657.37	7,188,683.20	273	1,781,017.25	62	453,479.98	19	0.14%
4	1,544,796,883.30	10,096,166.71	388	1,754,358.83	67	812,253.19	26	0.17%
5	1,489,984,303.58	8,072,869.52	315	2,232,380.89	90	844,866.17	32	0.21%
6	1,439,431,232.34	8,854,299.56	323	2,034,370.73	85	845,685.13	34	0.20%
7	1,391,936,108.72	11,581,183.41	448	2,044,479.15	81	801,590.68	33	0.20%
8	1,346,754,613.14	10,745,633.70	431	3,056,896.57	109	876,800.39	33	0.29%
9	1,302,612,748.30	12,321,299.48	507	2,744,593.66	110	1,433,738.61	47	0.32%
10	1,257,776,643.70	11,355,436.08	461	3,563,743.99	135	810,612.88	37	0.35%
11	1,216,166,911.61	10,898,673.88	444	2,909,453.41	116	1,182,295.95	47	0.34%
12	1,169,382,026.98	9,861,314.21	399	2,439,897.58	104	958,087.05	35	0.29%
13	1,127,902,250.62	11,339,048.60	484	3,175,333.82	121	766,653.72	37	0.35%
14	1,083,696,130.62	11,358,936.32	478	2,428,677.31	97	881,004.29	36	0.31%
15	1,041,187,224.45	10,669,517.04	465	2,640,352.35	112	593,479.50	26	0.31%
16	1,002,162,854.01	11,478,943.06	499	2,762,833.00	128	1,073,410.90	43	0.38%
17	962,352,090.11	10,459,975.48	476	2,729,330.01	118	960,982.60	47	0.38%
18	925,196,089.57	12,237,597.31	536	2,955,939.06	132	699,472.89	30	0.40%
19	887,293,701.01	11,839,887.48	547	2,810,682.65	125	778,729.43	36	0.40%
20	851,337,580.00	10,838,728.33	529	3,154,814.90	142	728,589.56	35	0.46%
21	817,166,398.93	13,097,985.27	640	3,292,112.52	162	1,176,965.09	49	0.55%
22	780,643,928.72	11,728,264.76	587	3,403,716.60	166	866,759.50	46	0.55%
23	746,565,981.57	10,922,961.92	527	2,968,170.03	148	961,415.57	51	0.53%
24	711,980,800.94	10,277,398.22	526	2,140,945.43	109	1,061,642.35	55	0.45%
25	677,383,424.23	9,633,117.31	498	2,546,055.93	126	648,076.83	39	0.47%
26	642,880,260.18	10,384,996.18	538	2,277,542.70	121	737,752.57	40	0.47%
27	612,749,739.08	9,996,624.33	552	2,934,193.81	150	835,467.86	45	0.62%
28	580,373,189.49	10,111,389.74	553	2,831,469.97	156	1,118,053.13	55	0.68%
29	549,567,994.79	10,191,269.19	571	3,048,441.93	167	853,144.05	52	0.71%
30	520,160,490.65	9,665,851.55	555	2,741,071.62	157	831,573.05	50	0.69%
31	490,431,329.54	9,293,491.38	571	2,532,518.00	137	772,334.86	47	0.67%
32	463,160,549.18	8,545,997.47	527	2,604,886.85	157	808,782.00	51	0.74%
33	435,641,296.80	7,710,015.89	498	2,695,991.78	149	701,622.68	47	0.78%
34	408,325,558.99	7,260,762.12	466	1,982,821.02	121	663,626.63	41	0.65%
35	382,903,065.58	6,068,882.07	409	1,883,562.09	116	489,443.16	28	0.62%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,561,315,253.41	6,357,763.49	243	1,185,586.75	40	152,033.52	5	0.09%
2	1,513,371,368.71	7,368,226.50	268	1,154,099.83	44	566,022.87	19	0.11%
3	1,466,580,641.89	9,585,123.16	342	1,518,253.78	69	538,619.77	17	0.14%
4	1,422,443,779.22	9,524,323.44	341	2,032,067.41	81	781,797.11	31	0.20%
5	1,379,191,656.12	12,108,919.13	453	2,346,734.86	91	1,090,466.76	43	0.25%
6	1,335,786,611.48	9,910,266.90	366	2,964,319.72	106	891,338.59	35	0.29%
7	1,294,609,353.86	8,950,833.01	345	2,314,489.57	89	1,376,071.83	48	0.29%
8	1,249,773,787.53	9,812,306.08	375	2,052,854.86	74	735,134.42	27	0.22%
9	1,210,033,351.63	10,894,267.18	411	2,401,947.62	95	875,187.45	35	0.27%
10	1,167,316,984.69	10,514,273.86	404	1,853,717.35	70	1,191,548.38	46	0.26%
11	1,125,949,416.64	10,086,011.84	400	2,791,267.05	110	701,900.85	25	0.31%
12	1,088,564,696.92	11,170,402.85	448	2,531,257.95	93	1,026,463.11	41	0.33%
13	1,048,754,656.91	10,231,157.82	435	2,993,617.66	114	944,292.72	35	0.38%
14	1,012,090,512.96	11,711,053.66	478	3,016,186.16	119	995,625.53	40	0.40%
15	974,902,910.48	12,183,931.70	525	2,884,742.22	120	1,028,342.37	40	0.40%
16	940,451,635.05	11,657,386.05	485	2,719,854.62	122	1,111,648.09	44	0.41%
17	906,543,346.05	15,200,855.36	661	3,356,739.63	149	1,058,983.06	47	0.49%
18	871,516,016.98	12,576,378.40	561	3,640,605.59	154	964,061.70	54	0.53%
19	838,544,870.18	10,773,512.16	490	2,698,905.63	114	1,307,863.22	59	0.48%
20	803,983,588.77	11,361,521.42	517	2,324,470.83	103	719,624.06	34	0.38%
21	768,987,604.90	9,964,835.04	446	2,363,167.97	111	664,059.04	32	0.39%
22	736,303,260.16	10,715,513.86	507	2,530,247.45	113	778,761.98	38	0.45%
23	706,761,444.77	10,944,541.25	520	2,775,877.21	132	984,658.17	49	0.53%
24	674,576,330.34	10,677,733.31	526	3,055,422.99	138	735,368.64	38	0.56%
25	643,497,142.77	10,151,768.21	513	3,075,976.04	145	1,045,086.07	51	0.64%
26	613,957,203.67	9,331,869.00	499	2,852,249.71	146	1,101,558.88	54	0.64%
27	583,441,747.39	9,549,306.86	507	2,561,003.90	140	745,780.52	38	0.57%
28	555,118,798.79	8,591,799.54	474	2,505,464.54	132	570,852.18	32	0.55%
29	526,558,852.02	9,701,145.74	533	2,176,369.99	127	525,512.28	32	0.51%
30	499,026,917.74	8,127,301.60	464	2,447,410.30	137	727,418.03	41	0.64%
31	472,579,149.35	6,406,384.89	379	2,108,574.77	122	788,775.25	42	0.61%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,706,528,613.76	7,856,646.91	283	1,321,125.05	49	28,542.38	1	0.08%
2	1,657,484,842.37	10,967,477.20	391	1,113,523.25	46	435,180.29	18	0.09%
3	1,608,788,990.39	11,146,243.64	378	2,090,899.65	83	384,145.48	17	0.15%
4	1,561,677,866.00	10,652,274.83	375	2,269,764.20	78	788,203.58	33	0.20%
5	1,509,774,964.34	10,058,904.56	352	1,799,480.56	64	815,455.12	26	0.17%
6	1,463,352,861.94	12,780,970.84	446	1,985,529.92	75	918,958.58	30	0.20%
7	1,414,510,740.22	10,960,698.83	396	2,283,140.52	89	857,319.84	32	0.22%
8	1,367,174,162.43	11,090,272.60	393	2,568,005.18	89	701,702.94	28	0.24%
9	1,322,559,594.75	13,263,402.03	479	2,623,794.46	103	1,033,193.83	35	0.28%
10	1,278,352,541.18	12,068,460.91	439	3,181,228.60	114	1,199,080.56	46	0.34%
11	1,237,050,972.39	13,152,109.44	489	3,529,612.35	128	1,162,990.85	47	0.38%
12	1,195,276,125.03	13,272,936.99	510	2,985,214.58	107	1,385,175.16	53	0.37%
13	1,155,690,221.76	13,478,437.08	510	3,238,202.01	120	1,197,009.22	47	0.38%
14	1,116,977,231.20	15,296,701.84	596	3,679,268.80	138	1,375,048.58	52	0.45%
15	1,075,928,299.08	13,212,550.18	523	4,088,850.56	160	1,413,063.02	51	0.51%
16	1,037,169,557.45	13,213,886.24	525	3,894,027.53	143	1,349,193.45	57	0.51%
17	996,938,751.54	12,980,415.46	540	3,296,698.55	123	1,078,202.66	43	0.44%
18	956,832,943.78	12,224,836.91	522	2,947,242.01	116	1,236,803.90	46	0.44%
19	918,726,637.97	12,698,334.97	539	2,830,879.17	117	1,097,582.08	43	0.43%
20	884,073,750.93	13,218,124.12	567	3,707,725.80	147	873,189.88	36	0.52%
21	847,000,984.68	13,714,166.14	614	3,534,160.31	148	1,364,607.66	54	0.58%
22	810,357,905.85	12,299,500.72	569	4,277,576.99	185	1,053,760.44	46	0.66%
23	776,362,566.26	10,952,265.21	496	3,525,561.13	168	1,787,601.53	83	0.68%
24	740,370,485.25	11,022,603.00	547	2,835,965.84	135	1,158,770.68	51	0.54%
25	706,619,306.85	11,164,661.37	537	2,744,564.70	141	921,712.64	46	0.52%
26	672,741,898.05	11,442,676.91	571	2,596,062.85	120	1,019,729.81	49	0.54%
27	639,159,711.38	8,973,860.94	463	3,089,840.36	155	808,892.24	35	0.61%
28	608,580,441.88	8,552,795.73	441	2,324,056.17	119	769,242.47	39	0.51%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,714,226,985.69	9,422,637.44	314	1,457,621.43	51	57,381.06	2	0.09%
2	1,665,545,563.28	9,424,778.02	319	1,878,768.64	62	784,313.75	28	0.16%
3	1,610,727,667.69	10,116,420.25	349	1,465,043.70	55	856,307.40	27	0.14%
4	1,561,863,262.70	11,166,174.04	405	2,174,699.33	80	550,486.57	22	0.17%
5	1,510,233,862.30	9,875,777.59	355	2,088,223.25	72	603,801.21	24	0.18%
6	1,460,507,341.97	10,316,644.70	371	2,091,687.01	76	903,651.23	33	0.21%
7	1,415,036,363.65	11,749,889.46	414	2,719,426.79	100	869,475.06	31	0.25%
8	1,367,870,719.77	11,457,382.03	416	3,106,387.53	104	651,146.70	30	0.27%
9	1,324,729,786.05	12,853,745.79	468	3,021,092.75	108	1,110,658.81	36	0.31%
10	1,279,973,610.38	13,499,201.59	491	3,007,946.51	115	1,044,439.28	37	0.32%
11	1,238,134,393.07	12,738,449.43	462	3,656,350.01	134	1,273,580.01	47	0.40%
12	1,197,789,056.74	15,779,638.39	591	4,100,445.94	147	1,206,790.85	50	0.44%
13	1,154,892,392.20	13,979,404.57	520	3,519,984.35	134	1,776,864.05	69	0.46%
14	1,115,116,969.14	12,737,242.80	492	3,366,557.40	132	1,190,039.54	46	0.41%
15	1,073,438,323.80	13,919,349.67	538	3,178,094.51	116	1,168,479.80	50	0.40%
16	1,031,893,463.52	12,163,718.84	476	3,004,186.18	117	1,021,034.19	37	0.39%
17	991,057,859.88	13,197,831.86	513	3,578,959.74	142	1,159,809.77	48	0.48%
18	954,291,629.46	14,336,704.21	576	3,705,013.95	147	1,261,825.93	52	0.52%
19	915,059,271.10	13,722,646.18	575	3,666,134.28	152	958,810.55	43	0.51%
20	876,916,131.44	12,976,291.86	561	3,095,892.48	129	1,071,156.68	48	0.48%
21	840,556,453.05	12,681,863.22	560	3,056,097.02	136	1,119,486.56	50	0.50%
22	803,152,977.26	12,246,869.96	547	3,462,962.29	154	799,600.31	43	0.53%
23	768,320,498.68	12,850,700.75	566	3,220,679.21	147	1,058,150.38	46	0.56%
24	733,416,832.30	12,431,976.43	578	2,742,706.72	123	960,246.75	47	0.50%
25	698,795,929.03	11,020,036.66	515	2,974,121.43	134	753,391.58	37	0.53%
26	666,763,160.12	9,930,403.43	479	2,851,285.43	128	907,808.08	44	0.56%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,688,895,199.88	7,570,788.11	257	1,205,504.67	38	23,490.08	1	0.07%
2	1,634,990,123.36	8,473,848.15	276	1,405,617.59	51	568,965.23	14	0.12%
3	1,585,290,499.22	10,251,420.75	351	2,106,551.79	65	590,106.93	22	0.17%
4	1,535,335,882.30	10,829,452.95	357	1,899,767.25	67	933,117.89	28	0.18%
5	1,487,884,976.93	12,234,038.49	437	2,181,019.36	74	737,417.59	29	0.20%
6	1,440,210,306.04	12,665,217.02	427	2,908,667.90	100	1,017,275.75	34	0.27%
7	1,394,141,215.61	12,866,885.90	426	3,068,715.91	107	1,102,790.21	41	0.30%
8	1,350,618,881.73	15,384,796.19	536	3,851,591.59	125	1,189,908.72	43	0.37%
9	1,305,604,384.88	13,688,095.89	465	3,797,953.04	128	1,644,389.11	55	0.42%
10	1,261,941,906.82	13,122,718.93	442	4,057,115.34	126	1,177,524.25	45	0.41%
11	1,216,678,061.79	13,147,280.69	474	3,808,470.02	125	1,310,622.41	43	0.42%
12	1,171,584,219.52	12,823,713.48	451	3,169,836.85	114	1,115,563.99	49	0.37%
13	1,127,607,642.04	14,026,242.51	512	2,799,465.81	98	1,048,956.83	40	0.34%
14	1,087,659,997.60	15,243,752.99	549	3,404,926.87	133	850,293.92	36	0.39%
15	1,045,297,810.77	15,592,289.16	584	3,648,494.07	132	1,250,900.59	52	0.47%
16	1,004,245,027.51	14,028,350.47	530	3,760,176.73	143	1,486,554.21	59	0.52%
17	964,987,746.62	13,812,715.37	535	3,407,454.07	131	1,477,231.19	56	0.51%
18	924,238,579.67	13,438,273.01	519	3,978,588.60	158	930,767.42	40	0.53%
19	886,548,162.21	12,842,365.64	511	4,178,154.18	157	1,267,312.16	54	0.61%
20	848,149,823.54	12,674,277.69	506	3,119,797.06	120	1,464,025.46	55	0.54%
21	809,500,875.00	10,638,768.95	434	2,996,649.62	123	1,152,789.62	43	0.51%
22	773,278,148.33	9,561,536.85	398	2,937,288.51	114	743,495.69	30	0.48%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,677,129,474.14	9,116,029.23	290	2,103,361.94	63	41,168.60	2	0.13%
2	1,626,778,764.98	10,695,456.28	359	1,610,948.84	53	1,072,474.78	33	0.16%
3	1,574,764,603.73	11,368,873.53	368	2,380,182.87	79	571,441.81	21	0.19%
4	1,526,024,290.36	11,491,063.23	382	2,622,521.80	87	1,229,478.75	37	0.25%
5	1,479,239,767.18	16,572,717.28	546	3,255,372.36	113	1,145,137.35	37	0.30%
6	1,428,752,878.84	13,659,628.59	445	3,783,673.54	135	1,390,113.62	48	0.36%
7	1,382,810,493.48	10,788,303.90	374	3,264,393.26	115	1,363,981.88	50	0.33%
8	1,333,707,225.75	12,980,619.73	440	3,296,612.18	116	1,232,346.88	44	0.34%
9	1,284,950,374.86	11,739,741.32	399	3,469,678.16	118	1,186,238.45	45	0.36%
10	1,237,486,249.55	13,233,387.54	466	2,889,013.55	101	1,683,825.06	57	0.37%
11	1,195,008,156.75	13,841,563.43	494	3,689,223.01	126	1,550,429.84	52	0.44%
12	1,149,477,347.26	13,561,358.44	491	3,881,222.88	135	1,717,316.35	61	0.49%
13	1,106,148,023.75	13,600,938.69	503	3,942,641.34	142	1,738,074.22	61	0.51%
14	1,064,490,682.87	13,436,560.84	489	3,770,212.28	140	1,504,816.78	55	0.50%
15	1,020,554,650.94	12,644,391.58	474	3,525,955.91	129	1,338,775.60	52	0.48%
16	980,244,879.87	12,690,754.38	485	3,472,928.91	126	1,047,893.25	42	0.46%
17	938,933,417.62	12,475,549.85	485	2,407,057.60	104	1,189,295.37	46	0.38%
18	899,102,960.60	11,163,871.63	436	3,051,703.46	119	1,053,421.62	45	0.46%
19	862,125,725.30	10,487,544.75	419	2,532,081.28	93	1,006,259.36	43	0.41%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,672,142,138.31	8,710,215.32	280	1,776,610.06	54	87,192.59	3	0.11%
2	1,623,122,332.53	12,533,643.28	417	2,125,534.20	70	814,901.00	24	0.18%
3	1,570,048,769.47	11,540,525.45	371	2,606,330.61	90	931,788.57	34	0.23%
4	1,518,617,760.90	11,121,152.42	377	2,864,519.72	94	898,626.09	33	0.25%
5	1,466,213,380.23	11,386,851.95	369	2,139,814.93	87	1,113,292.33	39	0.22%
6	1,414,484,438.07	11,099,993.18	374	2,692,705.65	94	744,663.27	31	0.24%
7	1,364,253,535.21	12,429,038.55	405	3,182,522.54	114	1,099,592.56	40	0.31%
8	1,318,577,029.69	13,752,411.23	460	4,546,602.38	150	1,559,415.75	54	0.46%
9	1,268,801,054.06	14,075,816.37	473	4,057,901.74	135	1,629,033.66	59	0.45%
10	1,221,728,008.57	13,544,133.81	469	3,814,287.87	122	1,467,073.63	57	0.43%
11	1,177,786,353.21	12,426,136.61	428	3,914,447.82	134	1,545,180.41	51	0.46%
12	1,130,703,070.31	12,465,348.46	435	3,790,283.53	139	1,500,658.71	52	0.47%
13	1,086,142,794.73	12,291,469.82	449	3,274,144.97	117	1,373,446.54	50	0.43%
14	1,042,073,220.72	11,981,521.17	445	3,302,063.31	123	1,235,958.11	42	0.44%
15	998,678,050.16	10,590,686.70	397	3,233,456.78	120	1,226,975.24	51	0.45%
16	958,133,669.56	10,548,187.83	391	2,380,212.33	88	1,279,256.87	48	0.38%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,794,234,428.98	11,608,171.55	381	2,124,355.62	70	178,517.90	4	0.13%
2	1,737,264,562.82	10,716,586.88	342	1,929,212.54	71	1,265,225.66	37	0.18%
3	1,678,468,251.27	12,739,135.85	418	2,114,585.65	74	912,295.64	32	0.18%
4	1,618,340,158.82	10,060,459.71	341	2,829,959.26	97	752,991.83	31	0.22%
5	1,561,032,443.70	12,737,337.81	448	2,622,568.30	93	1,106,539.39	39	0.24%
6	1,510,054,663.90	14,696,577.76	495	3,506,251.99	121	1,161,608.30	42	0.31%
7	1,455,325,215.30	15,703,662.35	537	3,404,866.51	119	1,631,794.23	56	0.35%
8	1,401,851,641.78	13,786,082.81	476	3,687,776.83	123	1,738,576.97	61	0.39%
9	1,350,826,116.48	13,479,567.35	477	3,613,810.64	123	1,541,861.40	57	0.38%
10	1,296,955,058.34	13,449,307.40	477	3,526,479.86	123	1,594,497.23	62	0.39%
11	1,247,757,639.98	13,819,325.30	491	3,142,784.58	116	1,488,900.52	54	0.37%
12	1,197,794,711.67	14,424,921.66	524	3,538,302.68	130	1,261,751.13	47	0.40%
13	1,148,783,240.14	12,851,475.52	456	3,805,626.67	137	1,403,527.99	52	0.45%
14	1,102,815,827.08	11,295,677.68	419	3,605,684.59	127	1,221,869.48	44	0.44%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,752,947,184.05	8,904,615.52	279	1,403,384.40	42	46,683.84	1	0.08%
2	1,691,503,158.38	10,537,125.14	333	1,471,504.57	48	953,245.70	26	0.14%
3	1,637,002,415.71	12,380,147.60	403	2,310,648.44	82	842,535.84	28	0.19%
4	1,577,729,334.01	12,557,629.29	406	1,848,376.46	74	1,175,565.45	42	0.19%
5	1,520,929,315.36	12,432,411.18	410	2,936,975.87	100	1,001,338.05	39	0.26%
6	1,467,850,945.59	12,693,670.66	419	3,010,577.05	108	899,249.81	36	0.27%
7	1,411,954,984.81	12,827,273.95	422	2,750,451.53	99	1,225,218.43	43	0.28%
8	1,360,977,704.74	12,256,036.20	411	2,526,041.22	93	1,096,753.48	42	0.27%
9	1,307,537,576.60	12,151,706.48	412	3,038,826.76	109	1,037,438.41	43	0.31%
10	1,255,603,854.59	9,789,746.49	347	2,953,559.63	103	1,395,741.31	45	0.35%
11	1,207,270,728.99	9,547,547.29	339	2,217,687.98	83	1,408,910.91	47	0.30%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,743,820,155.92	10,201,392.98	338	1,864,398.96	55	96,125.21	3	0.11%
2	1,683,587,439.60	11,990,933.58	380	1,766,079.91	63	980,725.36	27	0.16%
3	1,625,696,101.12	10,892,434.07	372	3,240,508.00	94	627,743.41	24	0.24%
4	1,565,645,671.90	11,934,122.34	397	2,524,917.20	86	1,357,529.40	45	0.25%
5	1,509,445,242.84	12,822,769.56	433	2,470,697.57	86	1,176,526.16	38	0.24%
6	1,451,029,615.31	11,869,803.06	406	2,335,204.00	81	989,316.19	37	0.23%
7	1,394,112,370.68	9,950,984.76	347	2,641,893.52	93	1,203,222.30	39	0.28%
8	1,342,189,001.42	9,853,693.53	336	2,092,860.76	78	874,875.84	34	0.22%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,718,803,842.98	8,858,142.88	305	1,200,339.39	42	-	0	0.07%
2	1,658,607,050.54	9,748,569.34	335	1,661,422.46	56	558,367.77	19	0.13%
3	1,597,622,612.61	9,139,795.01	318	1,979,229.05	71	899,743.74	31	0.18%
4	1,537,890,254.02	10,067,095.87	358	1,778,696.12	67	940,709.09	35	0.18%
5	1,481,813,150.67	8,206,448.36	289	2,575,119.36	98	1,160,708.75	40	0.25%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	Ending Pool Balance ($)	30-59 Days Delinquent ($)	Number of Receivables 30-59 Days Delinquent	60-89 Days Delinquent ($)	Number of Receivables 60-89 Days Delinquent	90-119 Days Delinquent ($)	Number of Receivables 90-119 Days Delinquent	60+ Days Delinquent as % of Ending Pool Balance
1	1,846,080,656.29	8,907,828.63	273	1,373,321.29	41	68,244.39	3	0.08%
2	1,784,016,959.90	7,507,838.53	225	2,131,404.83	68	622,435.99	17	0.15%

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

(1)	TMCC considers an obligor to be delinquent if less than 90% of a regularly scheduled payment is received by the due date specified in the related retail installment sales contract.

(2)	Calculated as aggregate principal balance of receivables 60 or more days delinquent as a percentage of the pool balance, in each case as of the end of the related month.

(3)	Delinquent Receivables are charged off as soon as TMCC determines that the vehicle cannot be recovered, but not later than when the contract is 120 days delinquent.

Month	TAOT 2020-A	TAOT 2020-B	TAOT 2020-C	TAOT 2020-D	TAOT 2021-A	TAOT 2021-B	TAOT 2021-C	TAOT 2021-D
1	2.67%	1.05%	2.89%	2.89%	2.77%	3.15%	3.03%	3.06%
2	1.27%	1.13%	1.43%	1.33%	1.73%	1.39%	1.31%	1.51%
3	1.03%	1.35%	1.52%	1.50%	1.54%	1.49%	1.43%	1.42%
4	1.14%	1.41%	1.43%	1.36%	1.36%	1.42%	1.43%	1.29%
5	1.36%	1.38%	1.36%	1.31%	1.52%	1.34%	1.43%	1.60%
6	1.40%	1.50%	1.44%	1.79%	1.44%	1.51%	1.25%	1.29%
7	1.37%	1.38%	1.35%	1.58%	1.47%	1.52%	1.55%	1.26%
8	1.47%	1.33%	1.27%	1.44%	1.38%	1.37%	1.29%	1.28%
9	1.40%	1.48%	1.74%	1.62%	1.29%	1.20%	1.27%	1.21%
10	1.34%	1.33%	1.49%	1.51%	1.38%	1.53%	1.24%	1.30%
11	1.44%	1.22%	1.38%	1.50%	1.41%	1.29%	1.12%	1.17%
12	1.37%	1.68%	1.61%	1.46%	1.34%	1.28%	1.28%	1.06%
13	1.25%	1.52%	1.44%	1.40%	1.23%	1.29%	1.19%	1.11%
14	1.68%	1.43%	1.47%	1.44%	1.50%	1.13%	1.12%	1.06%
15	1.54%	1.55%	1.39%	1.47%	1.29%	1.31%	1.10%	1.07%
16	1.39%	1.43%	1.33%	1.37%	1.28%	1.21%	1.12%	1.03%
17	1.57%	1.50%	1.40%	1.33%	1.31%	1.17%	1.09%	1.22%
18	1.41%	1.35%	1.45%	1.56%	1.21%	1.13%	1.09%	1.05%
19	1.43%	1.34%	1.34%	1.39%	1.32%	1.13%	1.20%	1.18%
20	1.38%	1.38%	1.27%	1.35%	1.23%	1.15%	1.06%	1.09%
21	1.33%	1.45%	1.53%	1.33%	1.16%	1.11%	1.22%	1.04%
22	1.37%	1.32%	1.30%	1.25%	1.17%	1.27%	1.20%	1.15%
23	1.39%	1.23%	1.31%	1.42%	1.13%	1.11%	1.09%	1.07%
24	1.33%	1.48%	1.27%	1.28%	1.22%	1.25%	1.14%	1.11%
25	1.23%	1.35%	1.23%	1.24%	1.16%	1.18%	1.09%	1.06%
26	1.48%	1.29%	1.34%	1.27%	1.32%	1.12%	1.10%	1.01%
27	1.29%	1.30%	1.26%	1.25%	1.12%	1.21%	1.10%	1.17%
28	1.32%	1.26%	1.24%	1.28%	1.28%	1.12%	1.02%	1.11%
29	1.31%	1.33%	1.23%	1.23%	1.25%	1.15%	1.18%	1.17%
30	1.23%	1.27%	1.22%	1.38%	1.17%	1.12%	1.07%	1.18%
31	1.36%	1.21%	1.30%	1.25%	1.23%	1.11%	1.14%	1.16%
32	1.28%	1.23%	1.24%	1.36%	1.16%	1.24%	1.18%	1.03%
33	1.24%	1.23%	1.38%	1.29%	1.17%	1.14%	1.18%	1.22%
34	1.24%	1.26%	1.25%	1.28%	1.15%	1.26%	1.08%	1.16%
35	1.25%	1.25%	1.36%	1.34%	1.17%	1.23%	1.21%	1.13%
36	1.29%	1.37%	1.33%	1.25%	1.29%	1.26%	1.22%	1.23%
37	1.26%	1.23%	1.29%	1.35%	1.22%	1.13%	1.19%	1.17%
38	1.41%	1.36%	1.34%	1.29%	1.27%	1.25%	1.24%	1.23%
39	1.29%	1.32%	1.29%	1.27%	1.28%	1.23%	1.20%	1.28%
40	1.37%	1.27%	1.34%	1.39%	1.32%	1.22%	1.26%	1.25%
41	1.33%	1.35%	1.28%	1.36%	1.19%	1.32%	1.29%	#
42	1.28%	1.29%	1.27%	1.38%	1.33%	1.25%	1.25%	#
43	1.35%	1.35%	1.37%	1.40%	1.31%	1.34%	#	#
44	1.32%	1.31%	1.34%	1.41%	1.29%	1.34%	#	#
45	1.33%	1.28%	1.39%	1.34%	1.36%	1.34%	#	#
46	1.33%	1.39%	1.40%	1.42%	1.33%	#	#	#
47	1.32%	1.37%	1.40%	1.41%	1.39%	#	#	#
48	#	1.41%	#	#	1.41%	#	#	#

(1)

The ABS Speed is a measurement of the non-scheduled amortization of the pool of receivables and is derived by calculating a monthly single month mortality rate, or SMM.  The SMM is the ratio of the prepayment amount divided by the beginning of month pool balance less the calculated scheduled principal amount times one hundred.  The prepayment amount is calculated as the excess of (i) the monthly change in the reported receivables balance minus (ii) the calculated scheduled payment.  The scheduled principal is calculated based on the weighted average remaining term and weighted average APR of the receivables assuming the receivables have been aggregated into one loan. The SMM is expressed as an ABS Speed by dividing (a) the product of one hundred and the SMM by (b) the sum of (i) one hundred and (ii) the SMM multiplied by the age of the pool, in months, minus one.

Month	TAOT 2022-A	TAOT 2022-B	TAOT 2022-C	TAOT 2022-D	TAOT 2023-A	TAOT 2023-B	TAOT 2023-C	TAOT 2023-D	TAOT 2024-A	TAOT 2024-B	TAOT 2024-C	TAOT 2024-D	TAOT 2025-A
1	3.16%	3.21%	2.94%	2.76%	2.71%	2.91%	2.88%	2.79%	2.89%	3.14%	3.10%	3.09%	3.13%
2	1.21%	1.35%	1.19%	1.06%	1.03%	1.28%	1.15%	1.09%	1.27%	1.51%	1.47%	1.47%	1.41%
3	1.61%	1.36%	1.17%	1.07%	1.32%	1.13%	1.26%	1.30%	1.38%	1.28%	1.42%	1.54%	#
4	1.34%	1.21%	1.08%	1.03%	1.10%	1.18%	1.15%	1.26%	1.47%	1.50%	1.54%	1.53%	#
5	1.30%	1.36%	1.06%	1.28%	1.26%	1.10%	1.09%	1.34%	1.41%	1.45%	1.44%	1.44%	#
6	1.39%	1.22%	1.10%	1.07%	1.21%	1.14%	1.29%	1.35%	1.19%	1.34%	1.56%	#	#
7	1.18%	1.12%	1.03%	1.21%	1.06%	1.10%	1.13%	1.33%	1.38%	1.49%	1.55%	#	#
8	1.34%	1.05%	1.24%	1.18%	1.17%	1.01%	1.30%	1.16%	1.37%	1.34%	1.40%	#	#
9	1.18%	1.04%	1.02%	1.09%	1.01%	1.12%	1.32%	1.38%	1.31%	1.47%	#	#	#
10	1.08%	1.11%	1.21%	1.11%	1.12%	1.09%	1.31%	1.30%	1.46%	1.46%	#	#	#
11	1.03%	0.98%	1.18%	1.00%	1.02%	1.20%	1.12%	1.20%	1.32%	1.35%	#	#	#
12	1.05%	1.26%	1.00%	1.05%	0.97%	1.23%	1.29%	1.37%	1.39%	#	#	#	#
13	1.10%	1.06%	1.17%	0.98%	1.13%	1.21%	1.23%	1.30%	1.39%	#	#	#
14	1.05%	1.22%	1.04%	0.96%	1.01%	1.06%	1.19%	1.32%	1.31%	#	#	#
15	1.24%	1.19%	1.10%	1.11%	1.14%	1.21%	1.33%	1.33%	#	#	#	#
16	1.04%	1.06%	0.98%	1.04%	1.17%	1.19%	1.21%	1.24%	#	#	#	#
17	1.25%	1.13%	0.99%	1.14%	1.18%	1.14%	1.29%	#	#	#	#	#
18	1.16%	1.04%	1.09%	1.18%	1.01%	1.25%	1.27%	#	#	#	#	#
19	1.03%	1.12%	1.01%	1.12%	1.17%	1.14%	1.17%	#	#	#	#	#
20	1.10%	1.05%	1.13%	0.97%	1.16%	1.21%	#	#	#	#	#	#
21	1.04%	0.99%	1.20%	1.14%	1.11%	1.27%	#	#	#	#	#	#
22	1.10%	1.16%	1.11%	1.16%	1.20%	1.19%	#	#	#	#	#	#
23	1.05%	1.07%	0.96%	1.06%	1.11%	#	#	#	#	#	#	#
24	1.01%	1.15%	1.16%	1.20%	1.16%	#	#	#	#	#	#	#
25	1.15%	1.19%	1.14%	1.13%	1.18%	#	#	#	#	#	#	#
26	1.08%	1.24%	1.09%	1.18%	1.09%	#	#	#	#	#	#	#
27	1.16%	1.04%	1.19%	1.21%	#	#	#	#	#	#	#	#
28	1.21%	1.21%	1.11%	1.09%	#	#	#	#	#	#	#	#
29	1.16%	1.18%	1.17%	#	#	#	#	#	#	#	#	#
30	1.05%	1.15%	1.15%	#	#	#	#	#	#	#	#	#
31	1.17%	1.22%	1.13%	#	#	#	#	#	#	#	#	#
32	1.17%	1.12%	#	#	#	#	#	#	#	#	#	#
33	1.14%	1.19%	#	#	#	#	#	#	#	#	#	#
34	1.19%	1.24%	#	#	#	#	#	#	#	#	#	#
35	1.14%	1.18%	#	#	#	#	#	#	#	#	#	#
36	1.23%	#	#	#	#	#	#	#	#	#	#	#
37	1.28%	#	#	#	#	#	#	#	#	#	#	#
38	1.21%	#	#	#	#	#	#	#	#	#	#	#

(1)

The ABS Speed is a measurement of the non-scheduled amortization of the pool of receivables and is derived by calculating a monthly single month mortality rate, or SMM.  The SMM is the ratio of the prepayment amount divided by the beginning of month pool balance less the calculated scheduled principal amount times one hundred.  The prepayment amount is calculated as the excess of (i) the monthly change in the reported receivables balance minus (ii) the calculated scheduled payment.  The scheduled principal is calculated based on the weighted average remaining term and weighted average APR of the receivables assuming the receivables have been aggregated into one loan. The SMM is expressed as an ABS Speed by dividing (a) the product of one hundred and the SMM by (b) the sum of (i) one hundred and (ii) the SMM multiplied by the age of the pool, in months, minus one.

(1)

The ABS Speed is a measurement of the non-scheduled amortization of the pool of receivables and is derived by calculating a monthly single month mortality rate, or SMM.  The SMM is the ratio of the prepayment amount divided by the beginning of month pool balance less the calculated scheduled principal amount times one hundred.  The prepayment amount is calculated as the excess of (i) the monthly change in the reported receivables balance minus (ii) the calculated scheduled payment.  The scheduled principal is calculated based on the weighted average remaining term and weighted average APR of the receivables assuming the receivables have been aggregated into one loan. The SMM is expressed as an ABS Speed by dividing (a) the product of one hundred and the SMM by (b) the sum of (i) one hundred and (ii) the SMM multiplied by the age of the pool, in months, minus one.

Month	TAOT 2020-A	TAOT 2020-B	TAOT 2020-C	TAOT 2020-D	TAOT 2021-A	TAOT 2021-B	TAOT 2021-C	TAOT 2021-D
1	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
2	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%
3	0.02%	0.00%	0.02%	0.01%	0.01%	0.02%	0.02%	0.03%
4	0.04%	0.02%	0.02%	0.03%	0.02%	0.03%	0.03%	0.05%
5	0.08%	0.03%	0.03%	0.04%	0.02%	0.04%	0.05%	0.05%
6	0.08%	0.04%	0.05%	0.04%	0.03%	0.05%	0.06%	0.06%
7	0.09%	0.06%	0.05%	0.04%	0.04%	0.08%	0.08%	0.06%
8	0.10%	0.08%	0.06%	0.04%	0.05%	0.09%	0.08%	0.07%
9	0.12%	0.09%	0.06%	0.05%	0.05%	0.09%	0.09%	0.08%
10	0.13%	0.10%	0.07%	0.06%	0.06%	0.10%	0.09%	0.09%
11	0.15%	0.11%	0.07%	0.07%	0.06%	0.12%	0.10%	0.11%
12	0.18%	0.11%	0.08%	0.06%	0.07%	0.13%	0.11%	0.13%
13	0.18%	0.12%	0.08%	0.06%	0.07%	0.13%	0.11%	0.16%
14	0.17%	0.13%	0.08%	0.07%	0.08%	0.13%	0.12%	0.17%
15	0.17%	0.13%	0.08%	0.07%	0.09%	0.15%	0.13%	0.20%
16	0.17%	0.13%	0.08%	0.08%	0.10%	0.15%	0.15%	0.22%
17	0.19%	0.15%	0.08%	0.08%	0.10%	0.16%	0.17%	0.22%
18	0.18%	0.14%	0.09%	0.09%	0.10%	0.18%	0.18%	0.22%
19	0.18%	0.14%	0.10%	0.09%	0.11%	0.19%	0.20%	0.23%
20	0.18%	0.14%	0.10%	0.10%	0.11%	0.19%	0.21%	0.23%
21	0.19%	0.15%	0.11%	0.09%	0.12%	0.19%	0.21%	0.24%
22	0.20%	0.14%	0.11%	0.09%	0.13%	0.19%	0.21%	0.24%
23	0.20%	0.15%	0.11%	0.09%	0.13%	0.20%	0.23%	0.24%
24	0.21%	0.15%	0.12%	0.10%	0.15%	0.20%	0.23%	0.24%
25	0.22%	0.16%	0.12%	0.10%	0.16%	0.21%	0.24%	0.26%
26	0.21%	0.15%	0.12%	0.11%	0.16%	0.22%	0.25%	0.26%
27	0.21%	0.15%	0.13%	0.12%	0.17%	0.22%	0.25%	0.28%
28	0.21%	0.16%	0.13%	0.13%	0.18%	0.22%	0.25%	0.29%
29	0.21%	0.16%	0.14%	0.13%	0.17%	0.22%	0.26%	0.31%
30	0.20%	0.16%	0.14%	0.13%	0.17%	0.22%	0.26%	0.31%
31	0.20%	0.17%	0.15%	0.13%	0.18%	0.22%	0.25%	0.31%
32	0.20%	0.17%	0.15%	0.13%	0.18%	0.23%	0.26%	0.32%
33	0.20%	0.17%	0.14%	0.13%	0.18%	0.23%	0.27%	0.32%
34	0.20%	0.16%	0.14%	0.12%	0.17%	0.24%	0.27%	0.32%
35	0.20%	0.17%	0.14%	0.13%	0.17%	0.23%	0.27%	0.33%
36	0.21%	0.17%	0.14%	0.12%	0.18%	0.24%	0.27%	0.33%
37	0.22%	0.17%	0.13%	0.12%	0.18%	0.24%	0.27%	0.32%
38	0.21%	0.17%	0.13%	0.12%	0.18%	0.24%	0.27%	0.32%
39	0.22%	0.16%	0.13%	0.12%	0.18%	0.24%	0.27%	0.32%
40	0.22%	0.16%	0.14%	0.12%	0.17%	0.24%	0.27%	0.31%
41	0.21%	0.16%	0.14%	0.12%	0.17%	0.24%	0.27%	#
42	0.21%	0.16%	0.14%	0.12%	0.17%	0.24%	0.27%	#
43	0.21%	0.16%	0.14%	0.12%	0.17%	0.24%	#	#
44	0.21%	0.16%	0.13%	0.12%	0.16%	0.23%	#	#
45	0.21%	0.16%	0.13%	0.12%	0.16%	0.23%	#	#
46	0.20%	0.16%	0.13%	0.12%	0.16%	#	#	#
47	0.21%	0.16%	0.13%	0.12%	0.16%	#	#	#
48	#	0.16%	#	#	0.16%	#	#	#

Month	TAOT 2022-A	TAOT 2022-B	TAOT 2022-C	TAOT 2022-D	TAOT 2023-A	TAOT 2023-B	TAOT 2023-C	TAOT 2023-D	TAOT 2024-A	TAOT 2024-B	TAOT 2024-C	TAOT 2024-D	TAOT 2025-A
1	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%
2	0.00%	0.00%	0.01%	0.01%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%	0.00%
3	0.02%	0.02%	0.04%	0.03%	0.03%	0.03%	0.06%	0.04%	0.05%	0.05%	0.05%	0.03%	#
4	0.03%	0.04%	0.06%	0.05%	0.06%	0.05%	0.08%	0.07%	0.08%	0.08%	0.06%	0.06%	#
5	0.04%	0.07%	0.09%	0.07%	0.06%	0.09%	0.13%	0.10%	0.10%	0.12%	0.11%	0.09%	#
6	0.05%	0.08%	0.14%	0.09%	0.07%	0.10%	0.16%	0.13%	0.12%	0.14%	0.14%	#	#
7	0.05%	0.10%	0.17%	0.12%	0.09%	0.14%	0.19%	0.14%	0.15%	0.15%	0.16%	#	#
8	0.06%	0.11%	0.18%	0.13%	0.11%	0.17%	0.22%	0.16%	0.19%	0.17%	0.17%	#	#
9	0.08%	0.14%	0.18%	0.14%	0.13%	0.19%	0.23%	0.22%	0.22%	0.20%	#	#	#
10	0.10%	0.18%	0.20%	0.17%	0.16%	0.23%	0.26%	0.26%	0.25%	0.22%	#	#	#
11	0.12%	0.19%	0.22%	0.19%	0.18%	0.26%	0.31%	0.30%	0.28%	0.25%	#	#	#
12	0.13%	0.21%	0.24%	0.22%	0.21%	0.27%	0.34%	0.33%	0.30%	#	#	#
13	0.16%	0.23%	0.26%	0.25%	0.24%	0.30%	0.39%	0.36%	0.32%	#	#	#
14	0.19%	0.22%	0.28%	0.28%	0.27%	0.33%	0.43%	0.37%	0.35%	#	#	#
15	0.21%	0.24%	0.27%	0.31%	0.28%	0.34%	0.44%	0.39%	#	#	#	#
16	0.24%	0.23%	0.30%	0.34%	0.31%	0.37%	0.44%	0.41%	#	#	#	#
17	0.24%	0.26%	0.32%	0.34%	0.32%	0.40%	0.46%	#	#	#	#	#
18	0.24%	0.28%	0.35%	0.35%	0.34%	0.42%	0.47%	#	#	#	#	#
19	0.27%	0.29%	0.36%	0.36%	0.35%	0.41%	0.47%	#	#	#	#	#
20	0.27%	0.29%	0.38%	0.39%	0.37%	0.43%	#	#	#	#	#	#
21	0.28%	0.31%	0.39%	0.40%	0.38%	0.45%	#	#	#	#	#	#
22	0.28%	0.35%	0.40%	0.42%	0.39%	0.46%	#	#	#	#	#	#
23	0.29%	0.35%	0.40%	0.43%	0.39%	#	#	#	#	#	#	#
24	0.31%	0.35%	0.42%	0.47%	0.42%	#	#	#	#	#	#	#
25	0.33%	0.35%	0.41%	0.47%	0.43%	#	#	#	#	#	#	#
26	0.35%	0.35%	0.43%	0.48%	0.44%	#	#	#	#	#	#	#
27	0.36%	0.36%	0.45%	0.49%	#	#	#	#	#	#	#	#
28	0.37%	0.36%	0.46%	0.50%	#	#	#	#	#	#	#	#
29	0.37%	0.38%	0.46%	#	#	#	#	#	#	#	#	#
30	0.37%	0.39%	0.45%	#	#	#	#	#	#	#	#	#
31	0.37%	0.39%	0.46%	#	#	#	#	#	#	#	#	#
32	0.38%	0.40%	#	#	#	#	#	#	#	#	#	#
33	0.37%	0.40%	#	#	#	#	#	#	#	#	#	#
34	0.37%	0.40%	#	#	#	#	#	#	#	#	#	#
35	0.38%	0.40%	#	#	#	#	#	#	#	#	#	#
36	0.38%	#	#	#	#	#	#	#	#	#	#	#
37	0.39%	#	#	#	#	#	#	#	#	#	#	#
38	0.39%	#	#	#	#	#	#	#	#	#	#	#

(1)

The monthly net cumulative loss percent is the cumulative net dollars charged off, which is the net remaining principal balance, including earned but not yet received finance charges, repossession expenses and unpaid extension fees, less any proceeds from the liquidation of the related vehicle and any subsequent post-charge-off recoveries, divided by the original pool balance of the receivables.

(1)

The Class B Notes and approximately, but not less than, 5% (by aggregate initial principal amount) of each of the Class A-2a Notes, the Class A-2b Notes, the Class A-3 Notes and the Class A-4 Notes will be retained initially by Toyota Auto Finance Receivables LLC.  Some or all, but not less than 5% (by aggregate initial principal amount), of the Class A-1 Notes will also be retained initially by Toyota Auto Finance Receivables LLC.  The Class B Notes are not being publicly registered and are not offered hereby.

(2)

If the aggregate initial principal amount of the notes is $1,250,000,000, the aggregate initial principal amount of the Class A-2a Notes and the Class A-2b Notes will be $460,000,000.  The allocation of the aggregate initial principal amount between the Class A-2a Notes and Class A-2b Notes will be determined at the time of pricing of the notes offered hereunder.  Toyota Auto Finance Receivables LLC expects that the aggregate initial principal amount of the Class A-2b Notes will not exceed $345,000,000.

(3)

If the aggregate initial principal amount of the notes is $1,600,000,000, the aggregate initial principal amount of the Class A-2a Notes and the Class A-2b Notes will be $588,800,000.  The allocation of the aggregate initial principal amount between the Class A-2a Notes and Class A-2b Notes will be determined at the time of pricing of the notes offered hereunder.  Toyota Auto Finance Receivables LLC expects that the aggregate initial principal amount of the Class A-2b Notes will not exceed $441,600,000.

(4)

If the aggregate initial principal amount of the notes is $1,900,000,000, the aggregate initial principal amount of the Class A-2a Notes and the Class A-2b Notes will be $699,200,000.  The allocation of the aggregate initial principal amount between the Class A-2a Notes and Class A-2b Notes will be determined at the time of pricing of the notes offered hereunder.  Toyota Auto Finance Receivables LLC expects that the aggregate initial principal amount of the Class A-2b Notes will not exceed $524,400,000.

Barclays

BMO Capital Markets

J.P. Morgan

Mizuho

US Bancorp

ANZ Securities