UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC  20549

FORM 8-K

CURRENT REPORT PURSUANT TO

SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1945

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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

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

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

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

Item 1.01

Entry into a Material Definitive Agreement.

On or about May 5, 2010, Toyota Auto Finance Receivables LLC transferred certain motor vehicle retail installment sales contracts (the “Receivables”) to Toyota Auto Receivables 2010-A Owner Trust (the “Trust”).  The Trust granted a security interest in the Receivables to Deutsche Bank Trust Company Americas, as indenture trustee, and issued: (i) Class A-1 Asset-Backed Notes in the aggregate original principal amount of $475,000,000; (ii) Class A-2 Asset-Backed Notes in the aggregate original principal amount of $275,000,000; (iii) Class A-3 Asset-Backed Notes in the aggregate original principal amount of $444,000,000; and (iv) Class A-4 Asset-Backed Notes in the aggregate original principal amount of $56,000,000 (collectively, the “Notes”).  This Current Report on Form 8-K is being filed to file a copy of the Underwriting Agreement, Amended and Restated Trust Agreement, Indenture, Sale and Servicing Agreement, Receivables Purchase Agreement, Administration Agreement and Securities Account Control Agreement (as listed below) executed in connection with the issuance of the Notes to satisfy an undertaking to file copies of certain agreements executed in connection with the issuance of the Notes.

Item 9.01.  Financial Statements and Exhibits

(a)

Not applicable.

(b)

Not applicable.

(c)

Not applicable.

(d)

Exhibits:

1.1    Underwriting Agreement dated April 29, 2010 among Toyota Auto Finance Receivables LLC (“TAFR LLC”), Toyota Motor Credit Corporation (“TMCC”), and J.P. Morgan Securities Inc., Banc of America Securities LLC and Barclays Capital Inc. acting on behalf of themselves and as representatives of the several underwriters named in the agreement

4.1    Amended and Restated Trust Agreement, dated as of May 5, 2010, between TAFR LLC and U.S. Bank Trust National Association, as owner trustee.

4.2    Indenture dated as of May 5, 2010, between the Trust and Deutsche Bank Trust Company Americas, as indenture trustee (the “Indenture Trustee”) and securities intermediary.

4.3    Sale and Servicing Agreement, dated as of May 5, 2010, among TAFR LLC, as seller, TMCC, as servicer and sponsor, and the Trust, as issuer.

4.4    Receivables Purchase Agreement, dated as of May 5, 2010, between TAFR LLC, as purchaser, and TMCC, as seller.

4.5    Administration Agreement, dated as of May 5, 2010, among TMCC, as administrator, the Trust, as issuer and the Indenture Trustee.

4.6    Securities Account Control Agreement, dated as of May 5, 2010, among TAFR LLC, as pledgor and the Indenture Trustee, as secured party.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TOYOTA AUTO FINANCE RECEIVABLES LLC

By:

/s/ Chris Ballinger

Name:

Chris Ballinger

Title:

President

Date: May 5, 2010