September 18, 2024

Scott Cooke
President
Toyota Auto Finance Receivables, LLC
6565 Headquarters Drive
Plano, Texas 75024

       Re: Toyota Auto Finance Receivables, LLC
           Registration Statement on Form SF-3
           Filed August 22, 2024
           File No. 333-281727
Dear Scott Cooke:

       We have reviewed your registration statement and have the following
comments.

       Please respond to this letter by amending your registration statement
and providing the
requested information. If you do not believe a comment applies to your facts
and circumstances
or do not believe an amendment is appropriate, please tell us why in your
response.

       After reviewing any amendment to your registration statement and the
information you
provide in response to this letter, we may have additional comments.

Registration Statement on Form SF-3
General

1.     Please confirm that the depositor or any issuing entity previously
established, directly or
       indirectly, by the depositor or any affiliate of the depositor has been
current and timely
       with Exchange Act reporting during the last twelve months with respect
to asset-backed
       securities involving the same asset class. Please refer to General
Instruction I.A.2. of
       Form SF-3.

Prospectus
[Revolving Period, page 16

2.     We could not locate disclosure in the summary indicating that you will
state the maximum
       amount of additional assets that may be acquired during the revolving
period. We also
       could not locate disclosure in the summary of the percentage of the
asset pool and
 September 18, 2024
Page 2

       any class or series of the asset-backed securities represented by the
revolving period.
       Refer to Items 1103(5)(iii) and (iv). Please revise or advise.

Credit Enhancement, page 24

3.     We note your disclosure on page 24 regarding credit enhancements and the
various types
       of credit enhancements. However, you do not include the interest
rate[swap][cap] as a
       credit enhancement as you have done on page 1 and page 141. Please
revise where
       appropriate to include all forms of credit enhancement contemplated
pursuant to Item
       1114 of Regulation AB. Alternatively, if the interest rate swaps and/or
caps may primarily
       be used for purposes other than to provide credit enhancement, please
revise your
       disclosure where appropriate to indicate that financial information with
respect to such
       derivative counterparties will be included pursuant to Item 1115(b) of
Regulation AB.

Duties of the Owner Trustee and the Indenture Trustee, page 70

4.     We note your use of the terms Noteholder, Note Owner and Verified Note
Owner. For
       example, we note your disclosure on page 71 that    [n]o Noteholder will
have any right
       under the Indenture to institute any proceeding with respect to the
Indenture, except
       pursuant to the dispute resolution procedures described below under
Repurchases of
       Receivables   Dispute Resolution,      .    On page 95, under Dispute
Resolution, both
       Noteholders and Verified Note Owners are addressed as having the right
to arbitration,
       mediation, and the right to institute legal proceedings. It is not clear
whether Verified
       Note Owners would also have the right to dispute resolution procedures
described under
       Repurchases of Receivables   Dispute Resolution. We also note your use
of Note
       Owner throughout the prospectus. That term is defined on page 168 as
"any Noteholder
       or beneficial owner of the [Class A] Notes." Please revise throughout
the prospectus for
       consistency.

[Revolving Period], page 85

5.     We note your bracketed disclosure here and under "[Prefunding Period]"
indicating that
       you will include disclosure about additional assets that may be acquired
during the
       revolving period and prefunding periods. Please revise your prospectus
where appropriate
       to clarify that you will provide all applicable disclosure about the
revolving period as
       required by Item 1111(g) of Regulation AB. Also, we are unable to locate
relevant
       positions in the forms of transaction documents filed as exhibits to the
registration
       statement relating to the revolving and prefunding periods. Please
revise the appropriate
       form of exhibits as necessary to reflect the inclusion of these
structural features, including
       the provisions relating to the contractual rights or obligations of the
applicable transaction
       parties or delete discussion of these structural features from your form
of prospectus.
 September 18, 2024
Page 3
Calculation of Available Collections, page 135

6.     Throughout your form of prospectus, you discuss delinquent receivables
and contractually
       delinquent receivables (see pages 90, 92-93, 135 and Annex B-3). Please
clarify if any
       receivables at the time of transfer to the issuing entity will be
delinquent. Please confirm
       that delinquent assets will be limited to less than 20% of the asset
pool. See General
       Instruction I.B.1(e) of Form SF-3.


        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

       Please contact Hodan Siad at 202-679-7829 or Rolaine Bancroft at
202-551-3313 with
any questions.



                                                            Sincerely,

                                                            Division of
Corporation Finance
                                                            Office of
Structured Finance