TOYOTA MOTOR CREDIT CORPORATION
SERVICER'S Report—Toyota Auto Receivables 2001-B Owner Trust
Distribution Date of July 16, 2001 for the Collection Period June 1, 2001 through June 30, 2001
| | Total | Class A-1 Balance | Class A-2 Balance | Class A-3 Balance | Class A-4 Balance | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pool Data—Original Deal Parameters | ||||||||||||
| Securities Balance | $1,452,840,000.00 | $417,840,000.00 | $500,000,000.00 | $360,000,000.00 | $175,000,000.00 | |||||||
| Receivables Pool Balance | $1,497,783,044.00 | |||||||||||
| Principal Factor | 1.00000000 | 1.00000000 | 1.00000000 | 1.00000000 | 1.00000000 | |||||||
| Rate | 4.300 | % | 4.562 | % | 5.018 | % | 5.360 | % | ||||
| Final Scheduled Payment Date | May 15, 2002 | December 15, 2003 | March 15, 2005 | October 15, 2007 | ||||||||
| Number of Contracts | 119,098 | |||||||||||
| Weighted Average Coupon | 9.137 | % | ||||||||||
| Weighted Average Remaining Term | 45.70 months | |||||||||||
| Servicing Fee Rate | 1.00 | % | ||||||||||
| Pool Data—Prior Month | ||||||||||||
| Securities Balance | $1,332,309,329.46 | $297,309,329.46 | $500,000,000.00 | $360,000,000.00 | $175,000,000.00 | |||||||
| Receivables Pool Balance | $1,377,252,373.46 | |||||||||||
| Securities Pool Factor | 0.91703789 | 0.71153870 | 1.00000000 | 1.00000000 | 1.00000000 | |||||||
| Number of Contracts | 114,850 | |||||||||||
| Weighted Average Coupon | 9.155 | % | ||||||||||
| Weighted Average Remaining Term | 44.11 months | |||||||||||
| Precompute and Simple Interest Advances | $2,954,863.06 | |||||||||||
| Payahead Account Balance | $1,540,963.85 | |||||||||||
| Supplemental Servicing Fee Received | $94,277.98 | |||||||||||
| Interest Shortfall | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| Principal Shortfall | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| Pool Data—Current Month | ||||||||||||
| Securities Balance | $1,276,881,196.24 | $241,881,196.24 | $500,000,000.00 | $360,000,000.00 | $175,000,000.00 | |||||||
| Receivables Pool Balance | $1,321,824,240.24 | |||||||||||
| Securities Pool Factor | 0.87888632 | 0.57888473 | 1.00000000 | 1.00000000 | 1.00000000 | |||||||
| Number of Contracts | 112,844 | |||||||||||
| Weighted Average Coupon | 9.166 | % | ||||||||||
| Weighted Average Remaining Term | 43.35 months | |||||||||||
| Precompute and Simple Interest Advances | $3,217,333.25 | |||||||||||
| Payahead Account Balance | $1,483,949.39 | |||||||||||
| Supplemental Servicing Fee Received | $93,698.49 | |||||||||||
| Interest Shortfall | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| Principal Shortfall | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| Reserve Fund | ||||
| Initial Deposit Amount | $3,744,458.00 | |||
| Specified Reserve Fund Percentage | 0.75 | % | ||
| Specified Reserve Fund Amount | $9,913,681.80 | |||
| Specified Reserve Fund Percentage (if Condition i or ii met) | 5.50 | % | ||
| Specified Reserve Fund Amount (if Condition i or ii met) | $70,228,465.79 | |||
| Beginning Balance | $10,329,392.80 | |||
| Total Withdraw | $0.00 | |||
| Amount Available for Deposit to the Reserve Fund | $4,110,140.10 | |||
| Reserve Fund Balance Prior to Release | $14,439,532.90 | |||
| Reserve Fund Required Amount | $9,913,681.80 | |||
| Reserve Fund Release to Seller | $4,525,851.10 | |||
| Ending Reserve Fund Balance | $9,913,681.80 | |||
Page 1
Liquidation of Charge-offs and Repossessions | Vehicles | Amount | ||||
|---|---|---|---|---|---|---|
| Liquidated Contracts | 25 | |||||
| Gross Principal Balance of Liquidated Receivables | $319,617.06 | |||||
| Net Liquidation Proceeds Received During the Collection Period | $(209,565.40 | ) | ||||
| Recoveries on Previously Liquidated Contracts | $0.00 | |||||
| Aggregate Credit Losses for the Collection Period | $110,051.66 | |||||
| Cumulative Credit Losses for all Periods | 29 | $121,885.26 | ||||
| Repossessed in Current Period | 63 | |||||
Ratio of Net Credit Losses to the Average Pool Balance for Each Collection Period: | Annualized Average Charge-Off Rate | |||
|---|---|---|---|---|
| Second Preceding Collection Period | 0.00 | % | ||
| First Preceding Collection Period | 0.01 | % | ||
| Current Collection Period | 0.10 | % | ||
Condition (i) (Charge-off Rate) | ||||
| Three Month Average | 0.04 | % | ||
| Charge-off Rate Indicator (> 1.25%) | condition not met | |||
Delinquent and Repossessed Contracts | Percent | Contracts | Percent | Amount | |||||
|---|---|---|---|---|---|---|---|---|---|
| 31-60 Days Delinquent | 1.14 | % | 1,285 | 1.09 | % | $14,414,596.80 | |||
| 61-90 Days Delinquent | 0.12 | % | 135 | 0.14 | % | $1,838,697.55 | |||
| Over 90 days Delinquent | 0.05 | % | 58 | 0.05 | % | $719,116.81 | |||
| Total Delinquencies | 1,478 | $16,972,411.16 | |||||||
Repossessed Vehicle Inventory | 84* | ||||||||
| * Included with delinquencies above | |||||||||
Ratio of Number of Contracts Delinquent 60 Days or More to the Outstanding Number of Receivables as of Each Collection Period (Includes Repossessions): | ||||
|---|---|---|---|---|
| Second Preceding Collection Period | 0.00 | % | ||
| First Preceding Collection Period | 0.11 | % | ||
| Current Collection Period | 0.17 | % | ||
Condition (ii) (Delinquency Percentage) | ||||
| Three Month Average | 0.09 | % | ||
| Delinquency Percentage Indicator (> 1.25%) | condition not met | |||
Page 2
TOYOTA MOTOR CREDIT CORPORATION
SERVICER'S Report—Toyota Auto Receivables 2001-B Owner Trust
Distribution Date of July 16, 2001 for the Collection Period June 1, 2001 through June 30, 2001
| | Total | Class A-1 Balance | Class A-2 Balance | Class A-3 Balance | Class A-4 Balance | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Collections | |||||||||||
| Principal Payments Received | $55,108,516.16 | ||||||||||
| Interest Payments Received | $10,337,187.80 | ||||||||||
| Net Precomputed Payahead Amount | $57,014.46 | ||||||||||
| Aggregate Net Liquidation Proceeds Received | $209,565.40 | ||||||||||
| Principal on Repurchased Contracts | $0.00 | ||||||||||
| Interest on Repurchased Contracts | $0.00 | ||||||||||
| Total Collections | $65,712,283.82 | ||||||||||
| Net Simple Interest Advance Amount | $135,906.31 | ||||||||||
| Net Precomputed Advance Amount | $126,563.88 | ||||||||||
| Total Available Amount | $65,974,754.01 | ||||||||||
Amounts Due | |||||||||||
| Servicing Fee | $1,147,710.31 | ||||||||||
| Accrued and Unpaid Interest | $5,288,770.38 | ||||||||||
| Principal | $55,428,133.22 | ||||||||||
| Reserve Fund | $4,110,140.10 | ||||||||||
| Total Amount Due | $65,974,754.01 | ||||||||||
Actual Distributions | |||||||||||
| Servicing Fee | $1,147,710.31 | ||||||||||
| Interest | $5,288,770.38 | $1,100,870.38 | $1,900,833.33 | $1,505,400.00 | $781,666.67 | ||||||
| Principal | $55,428,133.22 | $55,428,133.22 | $0.00 | $0.00 | $0.00 | ||||||
| Reserve Fund | $4,110,140.10 | ||||||||||
| Total Amount Distributed | $65,974,754.01 | $56,529,003.60 | $1,900,833.33 | $1,505,400.00 | $781,666.67 | ||||||
| Monthly Information by Type of Loan | |||||
Precomputed Contracts | |||||
| Scheduled Principal Collections | $5,685,014.98 | ||||
| Prepayments in Full | 343 contracts | $2,574,758.14 | |||
| Repurchased Receivables Principal | $0.00 | ||||
| Payments Behind/Ahead on Repurchased Receivables | $0.00 | ||||
| Total Collections | $9,360,729.88 | ||||
| Advances—Reimbursement of Previous Advances | $0.00 | ||||
| Advances—Current Advance Amount | $126,563.88 | ||||
| Payahead Account—Payments Applied | $57,014.46 | ||||
| Payahead Account—Additional Payaheads | $0.00 | ||||
Simple Interest Contracts | |||||
| Collected Principal | $27,779,306.98 | ||||
| Prepayments in Full | 1638 contracts | $19,069,436.06 | |||
| Collected Interest | $9,236,231.04 | ||||
| Repurchased Receivables Principal | $0.00 | ||||
| Repurchased Receivables Interest | $0.00 | ||||
| Advances—Reimbursement of Previous Advances | $0.00 | ||||
| Advances—Current Advance Amount | $135,906.31 | ||||
Page 3
TOYOTA MOTOR CREDIT CORPORATION
Servicer's Certificate—Toyota Auto Receivables 2001-B Owner Trust
Distribution Date of July 16, 2001 for the Collection Period June 1, 2001 through June 30, 2001
| | Class A2 Balance | Class A3 Balance | Class A4 Balance | |||||
|---|---|---|---|---|---|---|---|---|
| Note Rates for July 16, 2001 Payment Date | ||||||||
| One Month LIBOR | 3.98000% | 3.98000% | 3.98000% | |||||
| Spread | 0.06000% | 0.08000% | 0.10000% | |||||
| Note Rates: | 4.04000% | 4.06000% | 4.08000% | |||||
Number of Days in Interest Period (Days) | 31 | 31 | 31 | |||||
Interest Payments | ||||||||
| Interest Calculation for Current Interest Period | 1,739,444.44 | 1,258,600.00 | 614,833.33 | |||||
| At Certificate Payment Date: | ||||||||
| Due to Swap Counterparty (Swap Payments Outgoing) | 1,900,833.33 | 1,505,400.00 | 781,666.67 | |||||
| Paid to Swap Counterparty (Swap Payments Outgoing) | 1,900,833.33 | 1,505,400.00 | 781,666.67 | |||||
| Proration % 0.00% | ||||||||
| Interest Due to Noteholders (Swap Payments Incoming) | 1,739,444.44 | 1,258,600.00 | 614,833.33 | |||||
| Interest Payment to Noteholders (Swap Payments Incoming) | 1,739,444.44 | 1,258,600.00 | 614,833.33 | |||||
Net Swap Payment due to / (received by) Swap Counterparty | (161,388.89 | ) | (246,800.00 | ) | (166,833.34 | ) | ||
| Principal Payments | ||||||||
| Principal Payment due to Investors | — | — | — | |||||
| Ending Notional Balance | 500,000,000.00 | 360,000,000.00 | 175,000,000.00 | |||||
Swap Termination Payment | N/A | N/A | N/A | |||||
Note Rates for August 15, 2001 Payment Date | ||||||||
| One Month LIBOR | TBD | TBD | TBD | |||||
| Spread | 0.06000% | 0.08000% | 0.10000% | |||||
| Note Rates: | TBD | TBD | TBD | |||||
Number of Days in Interest Period (Days) | 30 | 30 | 30 | |||||
I hereby certify to the best of my knowledge that
the report provided is true and correct.
| /s/ ANGELA BROWN Angela Brown, ABS Accounting Manager |
