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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 1.01

Entry into a Material Definitive Agreement.

On or about February 12, 2020, Toyota Auto Finance Receivables LLC will transfer certain motor vehicle retail installment sales contracts (the “Receivables”) to Toyota Auto Receivables 2020-A Owner Trust (the “Trust”).  The Trust will grant a security interest in the Receivables to U.S. Bank National Association, as indenture trustee (the “Indenture Trustee”), and will issue: (i) Class A-1 Asset-Backed Notes in the aggregate original principal amount of $441,000,000; (ii) Class A-2 Asset-Backed Notes in the aggregate original principal amount of $622,000,000; (iii) Class A-3 Asset-Backed Notes in the aggregate original principal amount of  $508,200,000; (iv) Class A-4 Asset-Backed Notes in the aggregate original principal amount of $135,000,000; and (v) Class B Asset-Backed Notes in the aggregate original principal amount of $43,800,000  (collectively, the “Notes”).  This Current Report on Form 8-K is being filed to file executed copies of the Underwriting Agreement and the Depositor Certification and forms of the Amended and Restated Trust Agreement, Indenture, Sale and Servicing Agreement, Receivables Purchase Agreement, Administration Agreement, Securities Account Control Agreement and Asset Representations Review Agreement (as listed below) to be executed.

Item 9.01.

Financial Statements and Exhibits.

(a)

Not applicable.

(b)

Not applicable.

(c)

Not applicable.

(d)

Exhibits:

Exhibit No.

Description

1.1

Underwriting Agreement, dated February 4, 2020, among Toyota Auto Finance Receivables LLC (“TAFR LLC”), Toyota Motor Credit Corporation (“TMCC”), and MUFG Securities Americas Inc., Lloyds Securities Inc. and TD Securities (USA) LLC, acting on behalf of themselves and as representatives of the several underwriters named in the agreement.

4.1

Amended and Restated Trust Agreement, to be dated as of February 12, 2020, between TAFR LLC and Wilmington Trust, National Association, as owner trustee.

4.2

Indenture, to be dated as of February 12, 2020, among the Trust, the Indenture Trustee and U.S. Bank National Association, as securities intermediary.

4.3

Sale and Servicing Agreement, to be dated as of February 12, 2020, among TAFR LLC, as seller, TMCC, as servicer and sponsor, and the Trust, as issuer.

4.4

Receivables Purchase Agreement, to be dated as of February 12, 2020, between TAFR LLC, as purchaser, and TMCC, as seller.

4.5

Administration Agreement, to be dated as of February 12, 2020, among TMCC, as administrator, the Trust, as issuer, and the Indenture Trustee.

4.6

Securities Account Control Agreement, to be dated as of February 12, 2020, between TAFR LLC, as pledgor, and the Indenture Trustee, as secured party.

4.7

Asset Representations Review Agreement, to be dated as of February 12, 2020, among the Trust, as issuer, TMCC, as servicer and administrator and Clayton Fixed Income Services LLC, as asset representations reviewer.

36.1

Depositor Certification, dated February 4, 2020, for shelf offerings of asset-backed securities.

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