# EDGAR Filing Document

**Accession Number:** 0001131131
**File Stem:** 0000929638-25-002662
**Filing Date:** 2025-7
**Character Count:** 4425
**Document Hash:** 31e6444d746dd3e71c120229446590ad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-25-002662.hdr.sgml**: 20250722

**ACCESSION NUMBER**: 0000929638-25-002662

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250722

**DATE AS OF CHANGE**: 20250722

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Toyota Auto Receivables 2025-C Owner Trust
- **CENTRAL INDEX KEY:** 0002063142
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-281727-03
- **FILM NUMBER:** 251140848

**BUSINESS ADDRESS:**
- **STREET 1:** 6565 HEADQUARTERS DRIVE
- **STREET 2:** ATTENTION: SEC REPORTING
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024
- **BUSINESS PHONE:** 469-486-9013

**MAIL ADDRESS:**
- **STREET 1:** 6565 HEADQUARTERS DRIVE
- **STREET 2:** ATTENTION: SEC REPORTING
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TOYOTA AUTO FINANCE RECEIVABLES LLC
- **CENTRAL INDEX KEY:** 0001131131
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 334836519
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 6565 HEADQUARTERS DRIVE
- **STREET 2:** ATTENTION: SEC REPORTING
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024
- **BUSINESS PHONE:** 469-486-9013

**MAIL ADDRESS:**
- **STREET 1:** 6565 HEADQUARTERS DRIVE
- **STREET 2:** ATTENTION: SEC REPORTING
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024

#### Free Writing Prospectus

#### Filed Pursuant to Rule 433

#### Dated July 22, 2025

#### Registration Statement Nos. 333-281727 and 333-281727-03

$1.9bn Toyota Auto Receivables 2025-C Owner Trust (TAOT 2025-C) Prime Auto Loan

Joint-leads: RBC (str), CIBC, Credit Ag, Mizuho, and Soc Gen

Co-manager: Commerzbank

CAPITAL STRUCTURE

OFFERED

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| CLS | SIZE($MM) | SIZE($MM) | WAL\* | M/S\*\* | P.WIN | E-FIN | L-FIN | BENCH | SPRD | YIELD% | CPN% | PRICE |
| A-1 | 431.100 | 409.545 | 0.22 | P-1/A-1+ | 1-7 | 02/26 | 08/26 | I-CRV | +12 | 4.440 | 4.440 | 100.00000 |
| A-2a | 315.800 | 300.010 | 1.06 | Aaa/AAA | 7-20 | 03/27 | 06/28 | I-CRV | +30 | 4.331 | 4.29 | 99.99765 |
| A-2b | 345.400 | 328.130 | 1.06 | Aaa/AAA | 7-20 | 03/27 | 06/28 | SOFR30A | +30 |  |  | 100.00000 |
| A-3 | 661.200 | 628.140 | 2.47 | Aaa/AAA | 20-43 | 02/29 | 03/30 | I-CRV | +35 | 4.150 | 4.11 | 99.98946 |
| A-4 | 99.000 | 94.050 | 3.76 | Aaa/AAA | 43-47 | 06/29 | 01/31 | I-CRV | +42 | 4.236 | 4.19 | 99.96857 |
| B | 47.500 |  |  |  |  | \*\*RETAINED\*\* |  |  |  |  |  |  |

---

\* WAL to call, assuming 1.30% ABS to 5% clean-up call

\*\*Expected Ratings

-TRANSACTION DETAILS-

---

| | |
|:---|:---|
| Expected Pricing: PRICED | Offered size: $1,759,875,000 |
| Expected Settlement: 07/30/25 | Format: SEC Registered |
| First Payment Date: 08/15/25 | ERISA Eligible: Yes |
| Expected Ratings: Moody's/S&P | Risk Retention: US – Yes; EU - No; UK - No |
| Bloomberg Ticker: TAOT 2025-C | Pricing Speed: 1.30% ABS to 5% Clean-Up Call |
| BBERG SSAP: TAOT2025C | Min Denoms: $1k x $1k |

---

Bill & Deliver: RBC

<br>-MARKETING MATERIALS-

Preliminary Prospectus, FWP, Intex CDI (attached)

Intex Dealname: RBCTOYOT25C; Password: 6Y9B

Cusip Numbers:

---

| | |
|:---|:---|
| Class | Cusip |
| A-1 | 89238V AA6 |
| A-2a | 89238V AB4 |
| A-2b | 89238V AC2 |
| A-3 | 89238V AD0 |
| A-4 | 89238V AE8 |

---

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The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1 866 375-6829.

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