| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | KBRA |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 59.3 | 8.5% | 76.0% | +22 bps | 0.11 | 2025-01-15 | A-1+ | A-1+ |
| Class A-2 | 122.6 | 17.5% | 58.5% | +70 bps | 0.53 | 2026-09-15 | AAA | AAA |
| Class A-3 | 122.6 | 17.5% | 41.0% | +95 bps | 1.33 | 2028-01-18 | AAA | AAA |
| Class B | 65.1 | 9.3% | 31.7% | +115 bps | 1.99 | 2028-08-15 | AA | AA |
| Class C | 89.6 | 12.8% | 18.9% | +150 bps | 2.59 | 2029-04-16 | A | A |
| Class D | 93.8 | 13.4% | 5.5% | +200 bps | 3.41 | 2029-11-15 | BBB | BBB |
| Class E | 38.5 | 5.5% | 0.0% | — | 3.81 | 2030-10-15 | BB | BB |
| Sponsor | Bridgecrest Acceptance Corporation |
|---|---|
| Servicer | Bridgecrest Acceptance Corporation |
| Depositor / Transferor | Bridgecrest Auto Funding LLC |
| Indenture Trustee | Computershare Trust Company, National Association (“ |
| Owner Trustee | — |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | Deutsche Bank Securities, Wells Fargo Securities, Citigroup Global Markets |
| BLAST 2024-1 | BLAST 2023-1 | |
|---|---|---|
| Collateral (pool at cut-off) | ||
| Closing date | 2024-01-24 | 2023-10-25 |
| Pool balance | $700.0MM | $700.0MM |
| WA Credit Score | 554 | 556 |
| WA APR | 19.10% | 22.48% |
| WA original term mo | 64.0 | 64.0 mo |
| % new vehicles | 0.1% | 0.2% |
| Reserve % | 1.50% | 1.50% |
| Geo top-3 | TX 13.8% FL 12.1% GA 10.0% | TX 15.1% FL 13.8% GA 9.4% |
| Structure (at issuance) | ||
| AAA spread | +70 bps | — |
| AAA % of pool | 35.0% | 36.1% |
| Subordination below AAA | 41.0% | 40.0% |
| OC (initial) | 15.50% | 14.50% |
| OC target | 20.80% | 19.00% |
| OC floor | 3.25% | 3.25% |
| YSOC | n.a. | n.a. |
| Tranches | 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.
| BLAST 2024-1 | SDART 2024-1 | EART 2023-5 | AMCAR 2023-2 | CRVNA 2021-N4 | DRIVE 2021-3 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-01-24 | 2024-01-18 | 2023-11-15 | 2023-09-20 | 2021-12-15 | 2021-11-17 |
| Pool balance | $700.0MM | $1,731.8MM | $789.2MM | $1,591.5MM | $460.0MM | $1,591.6MM |
| WA Credit Score | 554−36 | 606 | 595 | 590 | 578 | 575 |
| WA APR | 19.10%+0.81pp | 17.63% | 20.65% | 12.20% | 18.82% | 18.29% |
| WA original term mo | 64.0−8.0 | 71.8 mo | 73.0 mo | 74.0 mo | 72.0 mo | 71.2 mo |
| % new vehicles | 0.1% | 31.1% | — | 51.8% | — | 23.1% |
| Reserve % | 1.50% | 1.00% | 1.00% | 2.00% | 0.35% | 1.00% |
| Geo top-3 | TX 13.8% FL 12.1% GA 10.0% | TX 14.4% FL 11.2% CA 8.9% | TX 14.9% CA 9.8% FL 9.1% | TX 15.7% FL 8.0% OH 6.6% | TX 10.9% CA 7.0% FL 6.9% | TX 18.1% FL 12.4% CA 6.3% |
| Structure (at issuance) | ||||||
| AAA spread | +70 bps−6bps | +72 bps | +80 bps | — | — | — |
| AAA % of pool | 35.0%−12.3pp | 47.4% | 30.3% | 54.2% | 51.4% | 34.8% |
| Subordination below AAA | 41.0%+8.7pp | 29.7% | 51.8% | 25.4% | 53.2% | 32.3% |
| OC (initial) | 15.50% | 9.50% | 7.60% | 5.75% | 0.00% | 19.79% |
| OC target | 20.80% | 15.20% | 16.20% | 14.75% | 3.00% | 23.00% |
| OC floor | 3.25% | 2.00% | 1.50% | — | 1.25% | 3.00% |
| YSOC | n.a. | n.a. | n.a. | — | n.a. | n.a. |
| Tranches | 7 | 6 | 7 | 7 | 7 | 6 |
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 (83 series across 6 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.
Bridgecrest Acceptance Corporation — ticker BLAST.
Peer tier: subprime.
Open in Explorer ↗ for
FICO sub-band and new/used stratification.