UNITED STATES

securities and exchange commission

Washington, D.C. 20549

__________________________

FORM T-1

STATEMENT OF ELIGIBILITY UNDER

THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

Check if an Application to Determine Eligibility of

a Trustee Pursuant to Section 305(b)(2) ☒

_______________________________________________________

U.S. BANK NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

31-0841368

(I.R.S. Employer Identification Number)

800 Nicollet Mall Minneapolis, Minnesota	55402
(Address of principal executive offices)	(Zip Code)

Maritza Hernandez

U.S. Bank National Association

190 South LaSalle Street, 7^th Floor

Chicago, IL 60603

(312)332-7465

(Name, address and telephone number of agent for service)

Toyota Auto Receivables 2025-A Owner Trust

(Exact name of obligor as specified in its charter)

Delaware	95-3775816
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)

c/o Toyota Motor Credit Corporation 6565 Headquarters Drive, W2-3D Plano, Texas	75024
(Address of principal executive offices)	(Zip Code)

Asset-Backed Notes

(Title of the Indenture Securities)

FORM T-1

Item 1.

GENERAL INFORMATION. Furnish the following information as to the Trustee.


	a)	Name and address of each examining or supervising authority to which it is subject.
		Comptroller of the Currency
		Washington, D.C.

	b)	Whether it is authorized to exercise corporate trust powers.
		Yes

Item 2.

AFFILIATIONS WITH THE OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.

None

Items 3-15

Items 3-15 are not applicable because to the best of the Trustee's knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

Item 16.

LIST OF EXHIBITS:

List below all exhibits filed as a part of this statement of eligibility and qualification.


	1.	A copy of the Articles of Association of the Trustee.*

	2.	A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2.

	3.	A copy of the authorization of the Trustee to exercise corporate trust powers, included as Exhibit 2.

	4.	A copy of the existing bylaws of the Trustee.**

	5.	A copy of each Indenture referred to in Item 4. Not applicable.

	6.	The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

	7.	Report of Condition of the Trustee as of September 30, 2024 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

** Incorporated by reference to 305(b)(2), Registration Number 333-229783 filed on June 21, 2021.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Chicago, Illinois on the 13th of January, 2025.

By: /s/ Maritza Hernandez

Maritza Hernandez

Vice President

Exhibit 2

CERTIFICATE OF CORPORATE EXISTENCE AND FIDUCIARY POWERS

I, Michael J. Hsu, Acting Comptroller of the Currency, do hereby certify that:

1. The Comptroller of the Currency, pursuant to Revised Statutes 324, et seq, as amended, and 12 USC 1, et seq, as amended, has possession, custody, and control of all records pertaining to the chartering, regulation, and supervision of all national banking associations.

2. "U.S. Bank National Association," Cincinnati, Ohio (Charter No. 24), is a national banking association formed under the laws of the United States and is authorized thereunder to transact the business of banking and exercise fiduciary powers on the date of this certificate.

IN TESTIMONY WHEREOF, today, October 7, 2024, I have hereunto subscribed my name and caused my seal of office to be affixed to these presents at the U.S. Department of the Treasury, in the City of Washington, District of Columbia.

2025-0037-C

Exhibit 6

CONSENT

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Dated: January 13, 2025

By: /s/ Maritza Hernandez

Maritza Hernandez

Vice President

Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

As of 9/30/2024

($000’s)

	9/30/2024
Assets
Cash and Balances Due From	$	73,276,914
Depository Institutions
Securities		161,063,697
Federal Funds		2,687
Loans & Lease Financing Receivables		369,815,320
Fixed Assets		7,323,270
Intangible Assets		17,891,304
Other Assets		40,635,065
Total Assets	$	670,008,257

Liabilities
Deposits	$	529,668,951
Fed Funds		576,018
Treasury Demand Notes		0
Trading Liabilities		3,695,695
Other Borrowed Money		46,031,785
Acceptances		0
Subordinated Notes and Debentures		4,600,000
Other Liabilities		20,525,984
Total Liabilities	$	605,098,433

Equity
Common and Preferred Stock		18,200
Surplus		29,946,193
Undivided Profits		34,314,321
Minority Interest in Subsidiaries		631,110
Total Equity Capital	$	64,909,824

Total Liabilities and Equity Capital	$	670,008,257