| ☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---------|--------------------------------------------------------------------------------------|

| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---------|------------------------------------------------------------------------------------------|

| Delaware(State or other jurisdiction ofincorporation or organization of issuing entity)                           | 38-7113067(I.R.S. EmployerIdentification No. of issuing entity) |
|-------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------|
|                                                                                                              |                                                            |
| 19851 S. Western Avenue EF 12Torrance, California(Address of principal executive offices of issuing entity)  |  90501(Zip Code)                                      |

| Large accelerated filer |  ☐ |                                          | Accelerated filer         |  ☐ |
|-------------------------|---------------|-----------------------------------------------|---------------------------|---------------|
| Non-accelerated filer   |  ☒ | (Do not check if a smaller reporting company) | Smaller reporting company |  ☐ |

----

----

| Item 5.  | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. |
|----------|---------------------------------------------------------------------------------------------------------------------|
| Item 6.  | Selected Financial Data.                                                                                            |
| Item 7.  | Management’s Discussion and Analysis of Financial Condition and Results of Operations.                        |
| Item 7A. | Quantitative and Qualitative Disclosures About Market Risk.                                                         |
| Item 8.  | Financial Statements and Supplementary Data.                                                                        |
| Item 9.  | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.                               |
| Item 9A. | Controls and Procedures.                                                                                            |

----

| Item 10. | Directors, Executive Officers and Corporate Governance.                                         |
|----------|-------------------------------------------------------------------------------------------------|
| Item 11. | Executive Compensation.                                                                         |
| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. |
| Item 13. | Certain Relationships and Related Transactions, and Director Independence.                      |
| Item 14. | Principal Accountant Fees and Services.                                                         |

| · | 1122(d)(4)(vi) – certain changes to the terms of obligors’ pool assets were not made in accordance with the transaction agreements and related pool asset documents.   The instances in which certain changes to the terms of obligor’s pool assets were not made in accordance with the transaction documents and related pool asset documents generally fell into one category: “processing” – certain due date changes were granted in a manner inconsistent with TMCC’s policies and procedures, and consequently, the transaction agreements. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | 1122(d)(4)(vii) – certain loss mitigation or recovery actions were not conducted in accordance with the timeframes or other requirements established by the transaction agreements.  The instances in which loss mitigation or recovery actions undertaken by TMCC were conducted in a manner inconsistent with its policies and procedures and consequently, the transaction agreements, generally fell into one of two categories: (i) “processing” – clerical and operational issues in delivery and content of notices or system updates on delinquent receivables or (ii) “policy-based” – policy and procedures that do not reflect TMCC’s actual business practices. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| Exhibit Number | Description                                                                                                                                                                                                                                                                                                                                           |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1       | Certificate of Formation of Toyota Auto Finance Receivables LLC (“TAFR LLC”) (included in Exhibit 3.1 to Amendment No. 1 to Registration Statement on Form S-3 (333-159170), as filed by the registrant with the Commission on May 28, 2009, which is incorporated herein by reference).                                             |
| 3.2       | Limited Liability Company Agreement of TAFR LLC (included in Exhibit 3.2 to Amendment No. 1 to Registration Statement on Form S-3 (333-159170), as filed by the registrant with the Commission on May 28, 2009, which is incorporated herein by reference).                                                                                      |
| 4.1       | Amended and Restated Trust Agreement, dated as of August 26, 2015, between TAFR LLC and Wells Fargo Delaware Trust Company, National Association, as owner trustee (included in Exhibit 4.1 to the Trust’s Form 8-K, as filed with the Commission on August 26, 2015, which is incorporated herein by reference).                          |
| 4.2       | Indenture, dated as of August 26, 2015, between the Trust and Deutsche Bank Trust Company Americas, as indenture trustee (the “Indenture Trustee”) and securities intermediary (included in Exhibit 4.2 to the Trust’s Form 8-K, as filed with the Commission on August 26, 2015, which is incorporated herein by reference).  |
| 4.3       | Sale and Servicing Agreement, dated as of August 26, 2015, among TAFR LLC, as seller, TMCC, as servicer and sponsor, and the Trust, as issuer (included in Exhibit 4.3 to the Trust’s Form 8-K, as filed with the Commission on August 26, 2015, which is incorporated herein by reference).                                               |
| 4.4       | Receivables Purchase Agreement, dated as of August 26, 2015, between TAFR LLC, as purchaser, and TMCC, as seller (included in Exhibit 4.4 to the Trust’s Form 8-K, as filed with the Commission on August 26, 2015, which is incorporated herein by reference).                                                                            |
| 4.5       | Administration Agreement, dated as of August 26, 2015, among TMCC, as administrator, the Trust, as issuer, and the Indenture Trustee (included in Exhibit 4.5 to the Trust’s Form 8-K, as filed with the Commission on August 26, 2015, which is incorporated herein by reference).                                                        |
| 4.6       | Securities Account Control Agreement, dated as of August 26, 2015, between TAFR LLC, as pledgor, and the Indenture Trustee, as secured party (included in Exhibit 4.6 to the Trust’s Form 8-K, as filed with the Commission on August 26, 2015, which is incorporated herein by reference).                                                |
| 31.1*     | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated March 25, 2016.                                                                                                                                                                                                                                                   |
| 33.1*     | Report on Assessment of Compliance with Servicing Criteria for Toyota Motor Credit Corporation, dated March 25, 2016.                                                                                                                                                                                                                            |
| 33.2*     | Report on Assessment of Compliance with Servicing Criteria for Deutsche Bank National Trust Company and Deutsche Bank Trust Company Americas, dated February 26, 2016.                                                                                                                                                                           |
| 34.1*     | Report of Independent Registered Public Accounting Firm of PricewaterhouseCoopers LLP on Assessment of Compliance with Servicing Criteria relating to Toyota Motor Credit Corporation, dated March 25, 2016.                                                                                                                                     |
| 34.2*     | Report of Independent Registered Public Accounting Firm of KPMG LLP on Assessment of Compliance with Servicing Criteria relating to Deutsche Bank National Trust Company and Deutsche Bank Trust Company Americas, dated February 26, 2016.                                                                                                      |
| 35.1*     | Servicer Compliance Statement, dated March 25, 2016, of Toyota Motor Credit Corporation.                                                                                                                                                                                                                                                         |

----

|                       | Toyota Auto Finance Receivables LLC                                                                                                                                                                                                                 |
|----------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                       | (Depositor)                                                                                                                                                                                                                                         |
|                       |                                                                                                                                                                                                                                                |
| Date:  March 25, 2016 | By:  /s/ Wei Shi                                      |
|                       |                                                                                                                                                                                                                                                |
|                       | Wei Shi                                                                                                                                                                                                                                             |
|                       | President and Chief Executive Officer                                                                                                                                                                                                               |
|                       | (Senior officer in charge of securitization of the depositor)                                                                                                                                                                                       |

----

----

| Exhibit Number | Description                                                                                                                                                                                                                                                                                                                                           |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1       | Certificate of Formation of Toyota Auto Finance Receivables LLC (“TAFR LLC”) (included in Exhibit 3.1 to Amendment No. 1 to Registration Statement on Form S-3 (333-159170), as filed with the Commission on May 28, 2009, which is incorporated herein by reference).                                                               |
| 3.2       | Limited Liability Company Agreement of TAFR LLC (included in Exhibit 3.2 to Amendment No. 1 to Registration Statement on Form S-3 (333-159170), as filed with the Commission on May 28, 2009, which is incorporated herein by reference).                                                                                                        |
| 4.1       | Amended and Restated Trust Agreement, dated as of August 26, 2015, between TAFR LLC and Wells Fargo Delaware Trust Company, National Association, as owner trustee (included in Exhibit 4.1 to the Trust’s Form 8-K, as filed with the Commission on August 26, 2015, which is incorporated herein by reference).                          |
| 4.2       | Indenture, dated as of August 26, 2015, between the Trust and Deutsche Bank Trust Company Americas, as indenture trustee (the “Indenture Trustee”) and securities intermediary (included in Exhibit 4.2 to the Trust’s Form 8-K, as filed with the Commission on August 26, 2015, which is incorporated herein by reference).  |
| 4.3       | Sale and Servicing Agreement, dated as of August 26, 2015, among TAFR LLC, as seller, TMCC, as servicer and sponsor, and the Trust, as issuer (included in Exhibit 4.3 to the Trust’s Form 8-K, as filed with the Commission on August 26, 2015, which is incorporated herein by reference).                                               |
| 4.4       | Receivables Purchase Agreement, dated as of August 26, 2015, between TAFR LLC, as purchaser, and TMCC, as seller (included in Exhibit 4.4 to the Trust’s Form 8-K, as filed with the Commission on August 26, 2015, which is incorporated herein by reference).                                                                            |
| 4.5       | Administration Agreement, dated as of August 26, 2015, among TMCC, as administrator, the Trust, as issuer, and the Indenture Trustee (included in Exhibit 4.5 to the Trust’s Form 8-K, as filed with the Commission on August 26, 2015, which is incorporated herein by reference).                                                        |
| 4.6       | Securities Account Control Agreement, dated as of August 26, 2015, between TAFR LLC, as pledgor, and the Indenture Trustee, as secured party (included in Exhibit 4.6 to the Trust’s Form 8-K, as filed with the Commission on August 26, 2015, which is incorporated herein by reference).                                                |
| 31.1*     | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated March 25, 2016.                                                                                                                                                                                                                                                   |
| 33.1*     | Report on Assessment of Compliance with Servicing Criteria for Toyota Motor Credit Corporation, dated March 25, 2016.                                                                                                                                                                                                                            |
| 33.2*     | Report on Assessment of Compliance with Servicing Criteria for Deutsche Bank National Trust Company and Deutsche Bank Trust Company Americas, dated February 26, 2016.                                                                                                                                                                           |
| 34.1*     | Report of Independent Registered Public Accounting Firm of PricewaterhouseCoopers LLP on Assessment of Compliance with Servicing Criteria relating to Toyota Motor Credit Corporation, dated March 25, 2016.                                                                                                                                     |
| 34.2*     | Report of Independent Registered Public Accounting Firm of KPMG LLP on Assessment of Compliance with Servicing Criteria relating to Deutsche Bank National Trust Company and Deutsche Bank Trust Company Americas, dated February 26, 2016.                                                                                                      |
| 35.1*     | Servicer Compliance Statement, dated March 25, 2016, of Toyota Motor Credit Corporation.                                                                                                                                                                                                                                                         |