| Delaware(State or Other Jurisdiction ofIncorporation or Organization of issuing entity)               | 38-6967191(I.R.S. EmployerIdentification No. of issuing entity) |
|-------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------|
|                                                                                                  |                                                            |
| 19851 S. Western AvenueTorrance, California(Address of principal executive offices of issuing entity) | 90501(Zip Code)                                                 |

----

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

----

----

----

| ·   | With respect to servicing criteria 1122(d)(3)(i), certain reports to investors, including those to be filed with the Commission, were not maintained in accordance with the transaction agreements and applicable Commission requirements. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | With respect to servicing criteria 1122(d)(4)(vi), certain changes to the terms of obligors’ pool assets were not made and approved in accordance with the transaction agreements and related pool asset documents. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | With respect to servicing criteria 1122(d)(4)(vii), certain changes with respect to loss mitigation and recovery actions were not conducted in accordance with the timeframes or other requirements established by the transaction agreements. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (a) | The following documents are filed as part of this report: |
|-----|-----------------------------------------------------------|

|   | (1)  Not applicable. |
|--------|--------------------------------|

|   | (2)  Not applicable. |
|--------|--------------------------------|

|   | (3)  See Item 15(b) below. |
|--------|--------------------------------------|

| (b) | Exhibits Required by Item 601 of Regulation S-K. |
|-----|--------------------------------------------------|

| Exhibit Number | Description                                                                                                                                                                                                                                                                                                                                             |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.1            | Amended and Restated Trust Agreement, dated as of September 28, 2011, 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 September 28, 2011, which is incorporated herein by reference).                           |
| 4.2            | Indenture dated as of September 28, 2011, 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 September 28, 2011, which is incorporated herein by reference).    |
| 4.3            | Sale and Servicing Agreement, dated as of September 28, 2011, among TAFR LLC, as seller, TMCC, as servicer (in such capacity, the “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 September 28, 2011, which is incorporated herein by reference). |
| 4.4            | Receivables Purchase Agreement, dated as of September 28, 2011, 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 September 28, 2011, which is incorporated herein by reference).                                                                             |
| 4.5            | Administration Agreement, dated as of September 28, 2011, 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 September 28, 2011, which is incorporated herein by reference).                                                          |
| 4.6            | Securities Account Control Agreement, dated as of September 28, 2011, among 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 September 28, 2011, which is incorporated herein by reference).                                                    |
| 31.1*          | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated March 27, 2012.                                                                                                                                                                                                                                                          |
| 33.1*          | Report on Assessment of Compliance with Servicing Criteria for Toyota Motor Credit Corporation, dated March 27, 2012.                                                                                                                                                                                                                                   |
| 33.2*          | Report on Assessment of Compliance with Servicing Criteria for Deutsche Bank National Trust Company and Deutsche Bank Trust Company Americas, dated February 28, 2012.                                                                                                                                                                                  |
| 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 27, 2012.                                                                                                                                            |
| 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 28, 2012.                                                                                                             |
| 35.1*          | Servicer Compliance Statement, dated March 27, 2012, of Toyota Motor Credit Corporation.                                                                                                                                                                                                                                                                |

| * Filed herewith |
|------------------|

----

|                             | Toyota Auto Finance Receivables LLC                |
|----------------------------------|----------------------------------------------------|
|                             | (Depositor)                                        |
|                             |                                               |
|                             |                                               |
|                             |                                               |
|  Date:  March 27, 2012 | By:  /S/ WEI SHI                              |
|                             |                                               |
|                             | Wei Shi                                            |
|                             | President                                          |
|                             | (Senior officer in charge of securitization of the |
|                             | depositor)                                         |

----

----

| Exhibit Number | Description                                                                                                                                                                                                                                                                                                                                             |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.1            | Amended and Restated Trust Agreement, dated as of September 28, 2011, 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 September 28, 2011, which is incorporated herein by reference).                           |
| 4.2            | Indenture dated as of September 28, 2011, 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 September 28, 2011, which is incorporated herein by reference).    |
| 4.3            | Sale and Servicing Agreement, dated as of September 28, 2011, among TAFR LLC, as seller, TMCC, as servicer (in such capacity, the “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 September 28, 2011, which is incorporated herein by reference). |
| 4.4            | Receivables Purchase Agreement, dated as of September 28, 2011, 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 September 28, 2011, which is incorporated herein by reference).                                                                             |
| 4.5            | Administration Agreement, dated as of September 28, 2011, 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 September 28, 2011, which is incorporated herein by reference).                                                          |
| 4.6            | Securities Account Control Agreement, dated as of September 28, 2011, among 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 September 28, 2011, which is incorporated herein by reference).                                                    |
| 31.1*          | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated March 27, 2012.                                                                                                                                                                                                                                                          |
| 33.1*          | Report on Assessment of Compliance with Servicing Criteria for Toyota Motor Credit Corporation, dated March 27, 2012.                                                                                                                                                                                                                                   |
| 33.2*          | Report on Assessment of Compliance with Servicing Criteria for Deutsche Bank National Trust Company and Deutsche Bank Trust Company Americas, dated February 28, 2012.                                                                                                                                                                                  |
| 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 27, 2012.                                                                                                                                            |
| 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 28, 2012.                                                                                                             |
| 35.1*          | Servicer Compliance Statement, dated March 27, 2012, of Toyota Motor Credit Corporation.                                                                                                                                                                                                                                                                |

| * Filed herewith |
|------------------|

| - 9 - |
|------------|