| Servicer's Certificate                                              |
|---------------------------------------------------------------------|
| for the Collection Period January 01, 2013 through January 31, 2013 |
| for Payment Date of February 15, 2013                               |
| Toyota Auto Receivables 2011-B Owner Trust                          |
| Toyota Auto Finance Receivables, LLC                                |
| SELLER                                                              |
|                                                                     |
| SERVICER                                                            |

| Collection Period       |   | 31 |   | 30/360 Days     | 30 |   |   |
|-------------------------|--------|----|--------|-----------------|----|--------|--------|
| Interest Accrual Period |   | 31 |   | Actual/360 Days | 31 |   |   |

|                             |   | Initial Principal |   | Final        | Beginning       | Beginning | First Priority      | Second Priority     | Regular Principal |   | Ending          |   | Ending    |
|----------------------------------|--------|-------------------|--------|--------------|-----------------|-----------|---------------------|---------------------|-------------------|--------|-----------------|--------|-----------|
| Class                            |   | Balance           |   | Scheduled    | Principal       | Principal | Principal           | Principal           | Distribution      |   | Principal       |   | Principal |
|                             |   |              |   | Payment Date | Balance         | Factor    | Distribution Amount | Distribution Amount | Amount            |   | Balance         |   | Factor    |
|   A-1                       |   | $480,000,000.00   |   | 10/15/12     | $0.00           | 0.0000000 | $0.00               | $0.00               | $0.00             |   | $0.00           |   | 0.0000000 |
|   A-2                  |   | $510,000,000.00   |   | 4/15/14      | $179,084,014.71 | 0.3511451 | $0.00               | $26,705,726.82      | $12,751,699.50    |   | $139,626,588.39 |   | 0.2737776 |
|   A-3                  |   | $368,000,000.00   |   | 6/15/15      | $368,000,000.00 | 1.0000000 | $0.00               | $0.00               | $0.00             |   | $368,000,000.00 |   | 1.0000000 |
|   A-4                  |   | $98,693,000.00    |   | 11/15/16     | $98,693,000.00  | 1.0000000 | $0.00               | $0.00               | $0.00             |   | $98,693,000.00  |   | 1.0000000 |
|       B |   | $43,506,000.00    |   | 7/17/17      | $43,506,000.00  | 1.0000000 | $0.00               | $0.00               | $0.00             |   | $43,506,000.00  |   | 1.0000000 |
|  Total                      |   | $1,500,199,000.00 |   |         | $689,283,014.71 |      | $0.00               | $26,705,726.82      | $12,751,699.50    |   | $649,825,588.39 |   | 0.4331596 |

|                                   |          | Interest      | Prior     | Interest     |   | Current   |   | Total                 |   |
|----------------------------------------|---------------|---------------|-----------|--------------|--------|-----------|--------|-----------------------|--------|
| Class                                  | Interest Rate | Distributable | Interest  | Distribution |   | Interest  |   | Principal &       |   |
|                                   |          | Amount        | Carryover | Amount       |   | Carryover |   | Interest Distribution |   |
|    A-1                       | 0.32628%      | $0.00         | $0.00     | $0.00        |   | $0.00     |   | $0.00                 |   |
|    A-2                  | 0.53000%      | $79,095.44    | $0.00     | $79,095.44   |   | $0.00     |   | $39,536,521.76        |   |
|    A-3                  | 0.68000%      | $208,533.33   | $0.00     | $208,533.33  |   | $0.00     |   | $208,533.33           |   |
|    A-4                  | 0.94000%      | $77,309.52    | $0.00     | $77,309.52   |   | $0.00     |   | $77,309.52            |   |
|        B |          | $0.00         | $0.00     | $0.00        |   | $0.00     |   | $0.00                 |   |
|   Total                      |          | $364,938.29   | $0.00     | $364,938.29  |   | $0.00     |   | $39,822,364.61        |   |

| Credit Enhancement                       |
|------------------------------------------|
|                                     |
| Reserve Account                          |   |   | Yield Supplement Overcollateralization Amount |
|                                     |
| Initial Deposit Amount                   | $3,750,499.85 |   | Begining Period Amount | $25,116,493.75 |
| Specified Reserve Account Amount         | $3,750,499.85 |   | Increase/(Decrease) | $(1,992,364.75) |
| Beginning Balance                        | $3,750,499.85 |   | Ending Period Amount | $23,124,129.00 |
| Withdrawals                              | $0.00 |   |   |   |
| Amount Available for Deposit             | $15,461,751.60 |   | Overcollateralization |   |
| Amount Deposited to the Reserve Account  | $0.00 |   | Adjusted Pool Balance | $662,577,287.89 |
| Reserve Account Balance Prior to Release | $3,750,499.85 |   | Total Note Balance | $649,825,588.39 |
| Reserve Account Required Amount          | $3,750,499.85 |   | Ending Overcollateralization Amount | $12,751,699.50 |
| Reserve Account Release to Seller        | $0.00 |   | Overcollateralization Target Amount | $12,751,699.50 |
| Ending Reserve Account Balance           | $3,750,499.85 |   |   |   |

----

| Servicer's Certificate                                              |
|---------------------------------------------------------------------|
| for the Collection Period January 01, 2013 through January 31, 2013 |
| for Payment Date of February 15, 2013                               |
| Toyota Auto Receivables 2011-B Owner Trust                          |
| Toyota Auto Finance Receivables, LLC                                |
| SELLER                                                              |
|                                                                     |
| SERVICER                                                            |

| Collection Period       |   | 31 |   | 30/360 Days     | 30 |   |   |
|-------------------------|--------|----|--------|-----------------|----|--------|--------|
| Interest Accrual Period |   | 31 |   | Actual/360 Days | 31 |   |   |

| Liquidations of Charge-offs and Repossessions                  |     |
|----------------------------------------------------------------|----------|
|                                                           |     |   | Amount |   |
| Liquidated Contracts                                           | 27  |  vehicles |   |   |
| Gross Principal of Liquidated Receivables                      |     |   | $322,215.70 |   |
| Principal of Repurchased Contracts, previously charged-off     |     |   | $0.00 |   |
| Net Liquidation Proceeds Received During the Collection Period |     |   | $(36,664.32) |   |
| Recoveries on Previously Liquidated Contracts                  |     |   | $(196,976.05) |   |
| Net Credit Losses for the Collection Period                    |     |   | $88,575.33 |   |
| Cumulative Credit Losses for all Periods                       | 370      |  vehicles | $2,115,727.70 |   |
|                                                           |     |   |   |   |
| Cumulative Net Loss Ratio                                      |     |   |  0.13443% |   |
|                                                           |     |   |   |   |
| Repossessed in Current Period                                  | 13       |  vehicles |   |   |

| Delinquent and Repossessed Contracts |                |
|--------------------------------------|---------------------|
|                                 |                |   |   |   |   |   |   |   |
|                                 |  Percentage of |   |   |   |  Percentage of Current |   |   |   |
|                                 |  Current Month |   |   |   |  Month Receivables |   |   |   |
|                                 | Number of Contracts |   | Units |   | Pool Balance |   | Balance |   |
| 30-59 Days Delinquent                | 0.70%               |   | 509 |   | 0.77% |   | $5,286,668.31 |   |
| 60-89 Days Delinquent                | 0.12%               |   | 89 |   | 0.14% |   | $979,700.46 |   |
| 90-119 Days Delinquent               | 0.05%               |   | 34 |   | 0.07% |   | $455,510.59 |   |
| 120 or More Days Delinquent          | 0.00%               |   | 0 |   | 0.00% |   | $0.00 |   |
| Total Delinquencies                  |                |   | 632 |   |   |   | $6,721,879.36 |   |
|                                 |                |   |   |   |   |   |   |   |
| Repossessed Vehicle Inventory        |                |   | 18 |   |   |   |   |   |
| * Included with Delinquencies Above  |                |   |   |   |   |   |   |   |

| Pool Data                                |              |
|------------------------------------------|-------------------|
|                                     | Original          |   | Prior Month |   | Current Month |   |
| Receivables Pool Balance                 | $1,573,816,681.42 |   | $727,151,207.96 |   | $685,701,416.89 |   |
| Number of Contracts                      | 111,163           |   | 74,973 |   | 72,622 |   |
| Weighted Average APR                     | 2.99%             |   | 2.85% |   | 2.85% |   |
| Weighted Average Remaining Term (Months) | 42.05             |   | 29.76 |   | 28.98 |   |

----

| Servicer's Certificate                                              |
|---------------------------------------------------------------------|
| for the Collection Period January 01, 2013 through January 31, 2013 |
| for Payment Date of February 15, 2013                               |
| Toyota Auto Receivables 2011-B Owner Trust                          |
| Toyota Auto Finance Receivables, LLC                                |
| SELLER                                                              |
|                                                                     |
| SERVICER                                                            |

| Collection Period       |   | 31 |   | 30/360 Days     | 30 |   |   |
|-------------------------|--------|----|--------|-----------------|----|--------|--------|
| Interest Accrual Period |   | 31 |   | Actual/360 Days | 31 |   |   |

| Collections                                          |
|------------------------------------------------------|
| Principal Payments Received                          | $29,318,078.73 |
| Prepayments in Full                                  | $11,809,496.64 |
| Interest Payments Received                           | $1,777,160.31 |
| Aggregate Net Liquidation Proceeds                   | $233,640.37 |
| Interest on Repurchased Contracts                    | $0.00 |
| Total Collections                                    | $43,138,376.05 |
| Principal of Repurchased Contracts                   | $0.00 |
| Principal of Repurchased Contracts, prev charged-off | $0.00 |
| Adjustment on Repurchased Contracts                  | $0.00 |
| Total Repurchased Amount                             | $0.00 |
|                                                 |   |
| Total Available Collections                          | $43,138,376.05 |

| Distributions |
|---------------|

|                                          |              |   |           |   |      |   |
|-----------------------------------------------|-------------------|--------|----------------|--------|-----------|--------|
|                                          | Calculated Amount |   | Amount Paid    |   | Shortfall |   |
| Servicing Fee                                 | $605,959.34       |   | $605,959.34    |   | $0.00     |   |
| Interest - Class A-1 Notes                    | $0.00             |   | $0.00          |   | $0.00     |   |
| Interest - Class A-2 Notes                    | $79,095.44        |   | $79,095.44     |   | $0.00     |   |
| Interest - Class A-3 Notes                    | $208,533.33       |   | $208,533.33    |   | $0.00     |   |
| Interest - Class A-4 Notes                    | $77,309.52        |   | $77,309.52     |   | $0.00     |   |
| First Priority Principal Distribution Amount  | $0.00             |   | $0.00          |   | $0.00     |   |
| Interest - Class B Notes                      | $0.00             |   | $0.00          |   | $0.00     |   |
| Second Priority Principal Distribution Amount | $26,705,726.82    |   | $26,705,726.82 |   | $0.00     |   |
| Reserve Account Deposit                       | $0.00             |   | $0.00          |   | $0.00     |   |
| Regular Principal Distribution Amount         | $12,751,699.50    |   | $12,751,699.50 |   | $0.00     |   |
| Excess Amounts to the Certificateholder       | $2,710,052.10     |   | $2,710,052.10  |   | N/A       |   |

| Noteholder Distributions |
|--------------------------|
|                     |   |   |   |   |   |   |   |   |   |
|                     | Interest |   | Per $1000 of | Principal |   | Per $1000 of | Amount |   | Per $1000 of |
|                     | Distributed |   | Original Balance | Distributed |   | Original Balance | Distributed |   | Original Balance |
| Class A-1 Notes          | $0.00 |   | $0.00 | $0.00 |   | $0.00 | $0.00 |   | $0.00 |
| Class A-2 Notes          | $79,095.44 |   | $0.16 | $39,457,426.32 |   | $77.37 | $39,536,521.76 |   | $77.53 |
| Class A-3 Notes          | $208,533.33 |   | $0.57 | $0.00 |   | $0.00 | $208,533.33 |   | $0.57 |
| Class A-4 Notes          | $77,309.52 |   | $0.78 | $0.00 |   | $0.00 | $77,309.52 |   | $0.78 |
| Class B Notes            | $0.00 |   | $0.00 | $0.00 |   | $0.00 | $0.00 |   | $0.00 |

----

| Servicer's Certificate                                              |
|---------------------------------------------------------------------|
| for the Collection Period January 01, 2013 through January 31, 2013 |
| for Payment Date of February 15, 2013                               |
| Toyota Auto Receivables 2011-B Owner Trust                          |
| Toyota Auto Finance Receivables, LLC                                |
| SELLER                                                              |
|                                                                     |
| SERVICER                                                            |

| I hereby certify to the best of my knowledge that |
|---------------------------------------------------|
| the report provided is true and correct.          |

| /s/ Wei Shi                                     |
|-------------------------------------------------|
| Wei Shi                                         |
| Vice PresidentTreasury, Finance & Analytics |

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