TOYOTA MOTOR CREDIT CORPORATION
SERVICER'S Report—Toyota Auto Receivables 2001-B Owner Trust
Distribution Date of September 17, 2001 for the Collection Period August 1, 2001 through August 31, 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 17, 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 | $ | 1,218,990,984.53 | $ | 183,990,984.53 | $ | 500,000,000.00 | $ | 360,000,000.00 | $ | 175,000,000.00 | |||||||
| Receivables Pool Balance | $ | 1,263,934,028.53 | |||||||||||||||
| Securities Pool Factor | 0.83904008 | 0.44033837 | 1.00000000 | 1.00000000 | 1.00000000 | ||||||||||||
| Number of Contracts | 110,508 | ||||||||||||||||
| Weighted Average Coupon | 9.178 | % | |||||||||||||||
| Weighted Average Remaining Term | 42.59 months | ||||||||||||||||
| Precompute and Simple Interest Advances | $ | 3,262,163.59 | |||||||||||||||
| Payahead Account Balance | $ | 1,635,893.33 | |||||||||||||||
| Supplemental Servicing Fee Received | $ | 99,740.58 | |||||||||||||||
| 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 | $ | 1,162,830,336.24 | $ | 127,830,336.24 | $ | 500,000,000.00 | $ | 360,000,000.00 | $ | 175,000,000.00 | |||||||
| Receivables Pool Balance | $ | 1,207,773,380.24 | |||||||||||||||
| Securities Pool Factor | 0.80038431 | 0.30593130 | 1.00000000 | 1.00000000 | 1.00000000 | ||||||||||||
| Number of Contracts | 107,503 | ||||||||||||||||
| Weighted Average Coupon | 9.190 | % | |||||||||||||||
| Weighted Average Remaining Term | 41.87 months | ||||||||||||||||
| Precompute and Simple Interest Advances | $ | 3,426,830.38 | |||||||||||||||
| Payahead Account Balance | $ | 1,645,988.97 | |||||||||||||||
| Supplemental Servicing Fee Received | $ | 97,099.05 | |||||||||||||||
| 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 | $ | 9,058,300.35 | |||
| Specified Reserve Fund Percentage (if Condition i or ii met) | 5.50 | % | |||
| Specified Reserve Fund Amount (if Condition i or ii met) | $ | 63,955,668.49 | |||
Beginning Balance | $ | 9,479,505.21 | |||
| Total Withdraw | $ | 0.00 | |||
| Amount Available for Deposit to the Reserve Fund | $ | 3,572,181.26 | |||
| Reserve Fund Balance Prior to Release | $ | 13,051,686.47 | |||
| Reserve Fund Required Amount | $ | 9,058,300.35 | |||
| Reserve Fund Release to Seller | $ | 3,993,386.12 | |||
| Ending Reserve Fund Balance | $ | 9,058,300.35 | |||
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| Liquidation of Charge-offs and Repossessions | Vehicles | Amount | |||||
|---|---|---|---|---|---|---|---|
| Liquidated Contracts | 75 | ||||||
| Gross Principal Balance of Liquidated Receivables | $ | 908,271.06 | |||||
| Net Liquidation Proceeds Received During the Collection Period | $ | (577,556.15 | ) | ||||
| Recoveries on Previously Liquidated Contracts | $ | (6,970.44 | ) | ||||
| Aggregate Credit Losses for the Collection Period | $ | 323,744.47 | |||||
| Cumulative Credit Losses for all Periods | 141 | $ | 583,655.23 | ||||
| Repossessed in Current Period | 73 | ||||||
| Ratio of Net Credit Losses to the Average Pool Balance for Each Collection Period: | Annualized Average Charge-Off Rate | |||
|---|---|---|---|---|
| Second Preceding Collection Period | 0.10 | % | ||
| First Preceding Collection Period | 0.13 | % | ||
| Current Collection Period | 0.31 | % | ||
Condition (i) (Charge-off Rate) | ||||
| Three Month Average | 0.18 | % | ||
| Charge-off Rate Indicator (> 1.25%) | condition not met | |||
Delinquent and Repossessed Contracts
| | Percent | Contracts | Percent | Amount | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 31-60 Days Delinquent | 1.42 | % | 1,530 | 1.41 | % | $ | 16,982,602.77 | |||
| 61-90 Days Delinquent | 0.18 | % | 194 | 0.20 | % | $ | 2,355,976.01 | |||
| Over 90 Days Delinquent | 0.12 | % | 133 | 0.15 | % | $ | 1,761,901.76 | |||
| Total Delinquencies | 1,857 | $ | 21,100,480.54 | |||||||
| Repossessed Vehicle Inventory | 121* | |||||||||
| 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 | 0.17 | % | ||
| First Preceding Collection Period | 0.25 | % | ||
| Current Collection Period | 0.30 | % | ||
Condition (ii) (Delinquency Percentage) | ||||
| Three Month Average | 0.24 | % | ||
| Delinquency Percentage Indicator (> 1.25%) | condition not met | |||
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TOYOTA MOTOR CREDIT CORPORATION
SERVICER'S Report—Toyota Auto Receivables 2001-B Owner Trust
Distribution Date of September 17 , 2001 for the Collection Period August 1, 2001 through August 31, 2001
| | Total | Class A-1 Balance | Class A-2 Balance | Class A-3 Balance | Class A-4 Balance | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Collections | ||||||||||||||||
| Principal Payments Received | $ | 55,252,377.23 | ||||||||||||||
| Interest Payments Received | $ | 9,707,764.07 | ||||||||||||||
| Net Precomputed Payahead Amount | $ | (10,095.64 | ) | |||||||||||||
| Aggregate Net Liquidation Proceeds Received | $ | 584,526.59 | ||||||||||||||
| Principal on Repurchased Contracts | $ | 0.00 | ||||||||||||||
| Interest on Repurchased Contracts | $ | 0.00 | ||||||||||||||
| Total Collections | $ | 65,534,572.25 | ||||||||||||||
| Net Simple Interest Advance Amount | $ | 150,503.08 | ||||||||||||||
| Net Precomputed Advance Amount | $ | 14,163.71 | ||||||||||||||
| Total Available Amount | $ | 65,699,239.04 | ||||||||||||||
Amounts Due | ||||||||||||||||
| Servicing Fee | $ | 1,053,278.36 | ||||||||||||||
| Accrued and Unpaid Interest | $ | 4,913,131.13 | ||||||||||||||
| Principal | $ | 56,160,648.29 | ||||||||||||||
| Reserve Fund | $ | 3,572,181.26 | ||||||||||||||
| Total Amount Due | $ | 65,699,239.04 | ||||||||||||||
Actual Distributions | ||||||||||||||||
| Servicing Fee | $ | 1,053,278.36 | ||||||||||||||
| Interest | $ | 4,913,131.13 | $ | 725,231.13 | $ | 1,900,833.33 | $ | 1,505,400.00 | $ | 781,666.67 | ||||||
| Principal | $ | 56,160,648.29 | $ | 56,160,648.29 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||
| Reserve Fund | $ | 3,572,181.26 | ||||||||||||||
| Total Amount Distributed | $ | 65,699,239.04 | $ | 56,885,879.42 | $ | 1,900,833.33 | $ | 1,505,400.00 | $ | 781,666.67 | ||||||
| Monthly Information by Type of Loan | ||||||
Precomputed Contracts | ||||||
| Scheduled Principal Collections | $ | 5,419,430.78 | ||||
| Prepayments in Full | 658 contracts | $ | 2,961,103.76 | |||
| Repurchased Receivables Principal | $ | 0.00 | ||||
| Payments Behind/Ahead on Repurchased Receivables | $ | 0.00 | ||||
| Total Collections | $ | 9,538,802.20 | ||||
| Advances—Reimbursement of Previous Advances | $ | 0.00 | ||||
| Advances—Current Advance Amount | $ | 14,163.71 | ||||
| Payahead Account—Payments Applied | $ | 0.00 | ||||
| Payahead Account—Additional Payaheads | $ | 10,095.64 | ||||
| Simple Interest Contracts | ||||||
| Collected Principal | $ | 27,078,410.58 | ||||
| Prepayments in Full | 2272 contracts | $ | 19,793,432.11 | |||
| Collected Interest | $ | 8,549,496.41 | ||||
| Repurchased Receivables Principal | $ | 0.00 | ||||
| Repurchased Receivables Interest | $ | 0.00 | ||||
| Advances—Reimbursement of Previous Advances | $ | 0.00 | ||||
| Advances—Current Advance Amount | $ | 150,503.08 | ||||
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TOYOTA MOTOR CREDIT CORPORATION
Servicer's Certificate—Toyota Auto Receivables 2001-B Owner Trust
Distribution Date of September 17, 2001 for the Collection Period of August 1 through August 31, 2001
| | | Class A2 Balance | Class A3 Balance | Class A4 Balance | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Note Rates for September 17, 2001 Payment Date | ||||||||||
| One Month | 3.64000 | % | 3.64000 | % | 3.64000 | % | ||||
| LIBOR Spread | 0.06000 | % | 0.08000 | % | 0.10000 | % | ||||
| Note Rates: | 3.70000 | % | 3.72000 | % | 3.74000 | % | ||||
Number of Days in Interest Period (Days) | 33 | 33 | 33 | |||||||
Interest Payments | ||||||||||
| Interest Calculation for Current Interest Period | 1,695,833.33 | 1,227,600.00 | 599,958.33 | |||||||
| 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) | 1,695,833.33 | 1,227,600.00 | 599,958.33 | |||||||
| Interest Payment to Noteholders (Swap Payments Incoming) | 1,695,833.33 | 1,227,600.00 | 599,958.33 | |||||||
| Net Swap Payment due to / (received by) Swap Counterparty | (205,000.00 | ) | (277,800.00 | ) | (181,708.34 | ) | ||||
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 October 15, 2001 Payment Date | ||||||||||
| One Month LIBOR | 3.48750 | % | 3.48750 | % | 3.48750 | % | ||||
| Spread | 0.06000 | % | 0.08000 | % | 0.10000 | % | ||||
| Note Rates: | 3.54750 | % | 3.56750 | % | 3.58750 | % | ||||
Number of Days in Interest Period (Days) | 29 | 29 | 29 | |||||||
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 |
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