| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 330.0 | 23.7% | 84.0% | — | — | 2027-08-25 | A-1+ | F1+ |
| Class A-2a | 537.5 | 38.6% | 45.4% | — | — | 2029-06-25 | AAA | AAA |
| Class A-2b | — | — | — | — | — | 2029-06-25 | AAA | AAA |
| Class A-3 | 537.5 | 38.6% | 6.8% | — | — | 2031-04-25 | AAA | AAA |
| Class A-4 | 95.0 | 6.8% | 0.0% | — | — | 2034-01-25 | AAA | AAA |
| Sponsor | BMW Financial Services NA, LLC |
|---|---|
| Servicer | Securitization Experience |
| Depositor / Transferor | BMW Financial Services NA, LLC |
| Indenture Trustee | Wilmington Trust, National Association |
| Owner Trustee | Wilmington Trust, National Association |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | Barclays Capital, Citigroup Global Markets, Mizuho Securities, SMBC Nikko Securities |
| BMWOT 2026-A | BMWOT 2025-A | BMWOT 2024-A | BMWOT 2023-A | BMWOT 2022-A | |
|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||
| Closing date | 2026-08-19 | 2025-02-12 | 2024-06-11 | 2023-07-18 | 2022-05-18 |
| Pool balance | $1,392.6MM | $1,897.4MM | $1,910.0MM | $1,670.1MM | $1,652.9MM |
| WA Credit Score | 784+3 | 784 | 784 | 778 | 778 |
| WA APR | 3.35%+0.59pp | 3.35% | 3.12% | 2.40% | 2.40% |
| WA original term mo | 65.1+1.6 | 65.1 mo | 63.6 mo | 63.2 mo | 63.2 mo |
| % new vehicles | 70.5% | 70.5% | 68.2% | 60.1% | 60.1% |
| Reserve % | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Geo top-3 | CA 15.8% TX 13.2% FL 11.0% | CA 14.6% TX 14.6% FL 11.6% | CA 16.7% TX 13.2% FL 11.0% | CA 18.2% TX 12.3% FL 10.5% | CA 17.2% TX 10.4% FL 8.9% |
| Structure (at issuance) | |||||
| AAA spread | — | +30 bps | +34 bps | +43 bps | +52 bps |
| AAA % of pool | — | 73.8% | 72.6% | 68.9% | 70.6% |
| Subordination below AAA | — | 0.0% | 0.0% | 0.0% | 0.0% |
| OC (initial) | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
| OC target | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
| OC floor | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
| YSOC | 6.22% | 5.40% | 6.03% | 6.56% | 5.77% |
| Tranches | 5 | 5 | 5 | 5 | 5 |
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
| BMWOT 2026-A | HAROT 2026-3 | TAOT 2026-C | GMCAR 2026-3 | FCAOT 2026-B | HART 2026-B | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-08-19 | 2026-08-12 | 2026-07-21 | 2026-07-15 | 2026-06-23 | 2026-06-17 |
| Pool balance | $1,392.6MM | $2,159.3MM | $2,023.1MM | $1,078.8MM | $1,655.3MM | $2,408.5MM |
| WA Credit Score | 784+13 | 770 | 771 | 781 | 752 | 774 |
| WA APR | 3.35%−1.82pp | 4.94% | 5.36% | 5.93% | 5.07% | 5.17% |
| WA original term mo | 65.1−0.9 | 62.7 mo | 66.0 mo | 70.0 mo | 66.4 mo | 65.8 mo |
| % new vehicles | 70.5% | 86.1% | 87.5% | 80.8% | 92.6% | 99.8% |
| Reserve % | 0.25% | 0.25% | 0.25% | 0.25% | 0.24% | 0.25% |
| Geo top-3 | CA 15.8% TX 13.2% FL 11.0% | CA 16.1% TX 10.0% NY 5.8% | CA 24.2% TX 16.3% IL 3.9% | TX 14.4% FL 6.8% CA 6.7% | TX 17.3% CA 8.7% FL 8.5% | TX 13.0% FL 9.9% CA 8.5% |
| Structure (at issuance) | ||||||
| AAA spread | — | +32 bps | +31 bps | +30 bps | +14 bps | +36 bps |
| AAA % of pool | — | 73.9% | 91.6% | 73.5% | 90.6% | 67.0% |
| Subordination below AAA | — | 0.0% | 2.3% | 3.0% | 4.8% | 4.5% |
| OC (initial) | 2.50% | — | 0.85% | 2.75% | 2.00% | 3.00% |
| OC target | 2.50% | — | 0.85% | 2.75% | 2.00% | 3.00% |
| OC floor | 2.50% | — | 0.85% | 2.75% | 2.00% | 3.00% |
| YSOC | 6.22% | 5.84% | 6.08% | 3.18% | 4.61% | 6.86% |
| Tranches | 5 | 5 | 6 | 7 | 7 | 7 |
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
Left: per-series cumulative NET loss at matched seasoning 10-D (10-D servicer distribution reports). IQR band uses a fixed cohort of all peer series with ≥18 months of data (227 series across 9 issuers). Right: portfolio-level 60+ DQ rate aggregated across all active deals per issuer (calendar time, last 3 years), from ABS-EE loan-level data ABS-EE.
BMW Financial Services NA, LLC — ticker BMWOT.
Peer tier: prime.
Open in Explorer ↗ for
FICO sub-band and new/used stratification.