<PAGE>
EXHIBIT 20
Toyota Motor Credit Corporation
Servicer's Report -- Toyota Auto Receivables 2000-A Owner Trust
Distribution Date of August 15, 2000 for the Collection Period July 1, 2000
through July 31, 2000
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
CLASS A-1 CLASS A-2 CLASS A-3 CLASS A-4
--------- --------- --------- ---------
Total Balance Balance Balance Balance
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
POOL DATA - ORIGINAL DEAL PARAMETERS
------------------------------------
Securities Balance $1,479,185,000.00 $374,106,000.00 $ 305,000,000.00 $523,000,000.00 $277,079,000.00
Receivables Pool Balance $1,524,932,796.00
Principal Factor 1.00000000 1.00000000 1.00000000 1.00000000 1.00000000
Rate 6.83375% 7.120% 7.180% 7.210%
Targeted Maturity Date July 15, 2001 December 15, 2002 August 15, 2004 April 15, 2007
Number of Contracts 98,405
Weighted Average Coupon 10.51%
Weighted Average Remaining Term 55.70 months
Servicing Fee Rate 1.00%
POOL DATA - PRIOR MONTH
Securities Balance $1,424,244,940.27 $319,165,940.27 $305,000,000.00 $523,000,000.00 $277,079,000.00
Receivables Pool Balance $1,469,992,736.27
Securities Pool Factor 0.96285788 0.85314307 1.00000000 1.00000000 1.00000000
Number of Contracts 96,473
Weighted Average Coupon 10.51%
Weighted Average Remaining Term 54.88 months
Precompute and Simple Interest Advances $2,122,358.07
Payahead Account Balance $326,290.48
Supplemental Servicing Fee Received $70,599.46
Interest Shortfall $0.00 $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00 $0.00
POOL DATA - CURRENT MONTH
-------------------------
Securities Balance $1,381,310,697.37 $276,231,697.37 $305,000,000.00 $523,000,000.00 $277,079,000.00
Receivables Pool Balance $1,427,058,493.37
Securities Pool Factor 0.93383228 0.73837815 1.00000000 1.00000000 1.00000000
Number of Contracts 95,123
Weighted Average Coupon 10.51%
Weighted Average Remaining Term 53.99 months
Precompute and Simple Interest Advances $3,007,419.70
Payahead Account Balance $328,808.89
Supplemental Servicing Fee Received $83,959.70
Interest Shortfall $0.00 $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00 $0.00
-----------------------------------------------------------------------------------------------------------------------------------
RESERVE FUND
Initial Deposit Amount $3,812,332.00
Specified Reserve Fund Percentage 0.75%
Specified Reserve Fund Amount $10,702,938.70
Specified Reserve Fund Percentage (IF CONDITION i OR ii MET) 5.50%
Specified Reserve Fund Amount (IF CONDITION i OR ii MET) $75,972,088.36
Beginning Balance $11,024,945.52
Total Withdraw $0.00
Amount Available for Deposit to the Reserve Fund $4,226,358.94
-------------------
Reserve Fund Balance Prior to Release $15,251,304.46
Reserve Fund Required Amount $10,702,938.70
Reserve Fund Release to Seller $4,548,365.76
--------------------
Ending Reserve Fund Balance $10,702,938.70
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
LIQUIDATION OF CHARGE-OFFS AND REPOSSESSIONS
--------------------------------------------
<S> <C> <C>
VEHICLES AMOUNT
-------- ------
Liquidated Contracts 6
-
Gross Principal Balance of Liquidated Receivables $42,246.66
Net Liquidation Proceeds Received During the Collection Period ($35,649.46)
Recoveries on Previously Liquidated Contracts $0.00
--------------------------
Aggregate Credit Losses for the Collection Period $6,597.20
--------------------------
--------------------------
Cumulative Credit Losses for all Periods 8 $8,334.03
-
--------------------------
Repossessed in Current Period 83
RATIO OF NET CREDIT LOSSES TO THE AVERAGE POOL BALANCE Annualized Average
FOR EACH COLLECTION PERIOD: Charge-Off Rate
Second Preceding Collection Period 0.00%
First Preceding Collection Period 0.00%
Current Collection Period 0.01%
-----------------------------------------------------------------------------------------------------------
CONDITION (i) (CHARGE-OFF RATE)
--------------
Three Month Average 0.00%
Charge-off Rate Indicator ( > 1.25%) CONDITION NOT MET
-----------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
DELINQUENT AND REPOSSESSED CONTRACTS
------------------------------------
<S> <C> <C> <C> <C>
PERCENT CONTRACTS PERCENT AMOUNT
------- --------- ------- ------
31-60 Days Delinquent 1.54% 1,466 1.38% $19,037,665.02
61-90 Days Delinquent 0.22% 205 0.20% $2,790,237.02
Over 90 Days Delinquent 0.00% 1 0.00% $9,243.52
------------- --------------------------
Total Delinquencies 1,672 $21,837,145.56
============= ==========================
Repossessed Vehicle Inventory 99 *
* Included with delinquencies above
RATIO OF NUMBER OF CONTRACTS DELINQUENT 60 DAYS OR MORE TO THE OUTSTANDING
NUMBER OF RECEIVABLES AS OF EACH COLLECTION PERIOD (INCLUDES REPOSSESSIONS):
Second Preceding Collection Period 0.00%
First Preceding Collection Period 0.00%
Current Collection Period 0.22%
--------------------------------------------------------------------------------------------------------
CONDITION (ii) (DELINQUENCY PERCENTAGE)
Three Month Average 0.07%
Delinquency Percentage Indicator ( > 1.25%) CONDITION NOT MET
--------------------------------------------------------------------------------------------------------
</TABLE>
Page 1
<PAGE>
Toyota Motor Credit Corporation
Servicer's Report -- Toyota Auto Receivables 2000-A Owner Trust
Distribution Date of August 15, 2000 for the Collection Period July 1, 2000
through July 31, 2000
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
CLASS A-1 CLASS A-2 CLASS A-3 CLASS A-4
--------- --------- --------- ---------
Total Balance Balance Balance Balance
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
COLLECTIONS
Principal Payments Received $42,891,996.24
Interest Payments Received $12,936,137.28
Net Precomputed Payahead Amount ($2,518.41)
Aggregate Net Liquidation Proceeds Received $35,649.46
Principal on Repurchased Contracts $0.00
Interest on Repurchased Contracts $0.00
---------------
Total Collections $55,861,264.57
Net Simple Interest Advance Amount $836,041.94
Net Precomputed Advance Amount $49,019.69
---------------
Total Available Amount $56,746,326.20
AMOUNTS DUE
-----------
Servicing Fee $1,224,993.95
Accrued and Unpaid Interest $8,360,730.41
Principal $42,934,242.90
Reserve Fund $4,226,358.94
---------------
Total Amount Due $56,746,326.20
ACTUAL DISTRIBUTIONS
Servicing Fee $1,224,993.95
Interest $8,360,730.41 $1,756,997.42 $1,809,666.67 $3,129,283.33 $1,664,782.99
Principal $42,934,242.90 $42,934,242.90 $0.00 $0.00 $0.00
Reserve Fund $4,226,358.94
-------------- ------------- ------------- ---------------
Total Amount Distributed $56,746,326.20 $44,691,240.32 $1,809,666.67 $3,129,283.33 $1,664,782.99
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
MONTHLY INFORMATION BY TYPE OF LOAN
-----------------------------------
<S> <C> <C>
PRECOMPUTED CONTRACTS
Scheduled Principal Collections $1,249,612.87
Prepayments in Full 95 contracts $805,779.38
Repurchased Receivables Principal $0.00
Payments Behind/Ahead on Repurchased Receivables $0.00
Total Collections $2,496,630.69
Advances - Reimbursement of Previous Advances $0.00
Advances - Current Advance Amount $49,019.69
Payahead Account - Payments Applied $0.00
Payahead Account - Additional Payaheads $2,518.41
SIMPLE INTEREST CONTRACTS
Collected Principal $22,754,523.43
Prepayments in Full 1249 contracts $18,082,080.56
Collected Interest $12,494,898.84
Repurchased Receivables Principal $0.00
Repurchased Receivables Interest $0.00
Advances - Reimbursement of Previous Advances $0.00
Advances - Current Advance Amount $836,041.94
--------------------------------------------------------------------------------------------------------
</TABLE>
I hereby certify to the best of my knowledge that
the report provided is true and correct.
/s/ HOLLY PEARSON
---------------------------------------------------
Holly Pearson
Treasury Operations Manager
Page 2
