Credit standards · Auto loan credit standards
TOYOTA AUTO FINANCE RECEIVABLES LLC
Summary statistics computed from the Form ABS-EE asset-level file for this shelf, filed 2026-07-07. Regulation AB II requires this loan-level data for registered public auto-loan securitizations, so every figure below is a statement about a named, dated SEC filing — not about a company.
2,330 loans analysed, sampled systematically (every 20th record) from 46,601 records. CIK 1131131. Source filing.
Distributions
| Measure | 5th | 25th | Median | 75th | 95th |
|---|---|---|---|---|---|
| Credit score | 667 | 726 | 775 | 827 | 873 |
| APR | 2.0% | 4.5% | 5.0% | 6.0% | 9.6% |
| Payment-to-income | 2.3% | 4.7% | 7.5% | 11.2% | 17.8% |
| Term (months) | 49 | 61 | 73 | 73 | 74 |
| Loan-to-value | 43.8% | 77.6% | 99.9% | 118.7% | 144.5% |
| Vehicle model year | 2020 | 2024 | 2025 | 2025 | 2026 |
By credit score band
| Band | Range | Loans | Share | Median APR |
|---|---|---|---|---|
| near prime | 601-660 | 98 | 4.2% | 8.5% |
| prime | 661-780 | 1,109 | 47.6% | 5.5% |
| super prime | 781-900 | 1,123 | 48.2% | 5.0% |
Pool composition
- Originators: TMCC (2,330)
- Used vehicles: 15.8%
- Co-obligor present: 29.1%
- Zero-APR loans: 1.4%
- States present: 50
- Top states: CA (593), TX (331), IL (103), PA (92), AZ (72), NY (71), VA (68), MA (65)
What this is not
Not underwriting guidelines. Not a comparison of lenders. Not a description of any lender's programs or current practices. Each row describes one securitized pool, as reported in one filing, on one date - a sponsor-selected subset of what an originator funded. Issuers securitizing privately under Rule 144A file no asset-level data and are absent by construction.
Income and employment verification appear in the file only as raw Schedule AL codes (2, 3 and 2, 3). Their meanings are not asserted here — the filer's codebook is the only authority for what a code means, and this shelf published 32 codebook fields.
underwritingIndicator is recorded upstream but omitted here: filers apply it inconsistently and it cannot be read as an exception rate. Verification codes are raw and are not comparable across filers. LTV carries a per-shelf comparability flag.
Method: how these figures are computed. Data generated 2026-08-25 from the filing above.