# TAOT-2025-A
Toyota Motor Credit · prime · 20 monthly tapes, 2024-12-31 to 2026-07-31

**Score 0** (weighted flags).

## Latest month, counted from the loan tape

| Measure | Value |
|---|---|
| Pool factor | 43.6% |
| Cumulative net loss (of original pool) | 0.42% |
| 60+ reported (balance-weighted) | 0.41% |
| 60+ extension-adjusted (6-month lookback) | 0.41% |
| Masking gap | 0 bps |
| Extension stock (touched in trailing 6 months) | 0.00% |
| New extensions this month | 0.00% |
| Repossessed, not yet liquidated | 0.06% |
| Recoveries / charge-offs, cumulative | 53.6% |
| Loans remaining | 44,739 · balance $862.3M |
| At issuance | 69,132 loans, $1.98B, WA score 769, WA term 67.1, used 9% |

## Flags

- none

## Reads on the desk

- WATCH: Extension-adjusted 60+ delinquency (0.41%) sits 0bps above reported (0.41%), inside the 75bps threshold. Extensions are present but are not currently flattering the curve.
- WATCH: Cumulative net loss is 0.42% at month 19, against a median of 0.82% across the 37 deals on tape at the same seasoning. Below the band by 0.41 points.
- WATCH: Cumulative recoveries stand at 53.6% of charged-off principal. Evidence: Schedule AL chargedoffPrincipalAmount and recoveredAmount summed across all 20 monthly tapes.

## The bonds on top (servicer report, 2026-07-31)

Pool $840.1M · notes $0 in 0 classes · overcollateralization $16.1M · reserve $4.8M · reported cumulative net loss 0.42% · delinquency 0.41% vs trigger 4.95%

| Class | Balance | Hard enhancement below it | Enhancement % of pool | Cushion after stress 1 | after stress 2 |
|---|---|---|---|---|---|

Stress 1 = the tape's extension-adjusted 60+ balance (0.41% of pool) charged off at this deal's own severity (46%): $1.6M. Stress 2 doubles it. Hard enhancement only (junior classes + OC + reserve); excess spread not counted. Not a rating. Not read from this issuer's layout: class balances read as all zero; layout not understood; classes not parsed. Source: https://www.sec.gov/Archives/edgar/data/2047571/000119312526370132/d154005dex991.htm

## How to verify

- Page: https://getbookiq.com/intel/#deal=TAOT-2025-A
- Data: https://getbookiq.com/intel/data/abs.json (deals[].months)
- Vintage and index curves for its lender: https://getbookiq.com/intel/#curves
- Definitions: https://getbookiq.com/dictionary/#auto-dq60a
- Source: Form ABS-EE loan tapes on SEC EDGAR. Extension-adjusted delinquency is a modeling choice: the same deal shows a gap of 562 / 1,156 / 2,191 bps at 3 / 6 / 12 month lookbacks. Never quote the gap without the window.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide