| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | S&P | DBRS |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 58.5 | 8.4% | 55.85% | 0.11 | 5.58% | +18 I-curve | 2025-05-15 | A-1+ | R-1(H) |
| Class A-2 | 130.5 | 18.6% | 55.85% | 0.58 | 5.78% | +53 I-curve | 2027-02-16 | AAA | AAA |
| Class A-3 | 130.5 | 18.6% | 55.85% | 1.42 | 5.84% | +85 I-curve | 2028-06-15 | AAA | AAA |
| Class B | 55.6 | 7.9% | 47.90% | 2.07 | 5.94% | +110 I-curve | 2030-02-15 | AA | AA |
| Class C | 90.3 | 12.9% | 35.00% | 2.64 | 6.07% | +133 I-curve | 2030-02-15 | A | A |
| Class D | 90.3 | 12.9% | 22.10% | 3.44 | 6.30% | +165 I-curve | 2030-02-15 | BBB | BBB |
| Class Eretained | 39.2 | 5.6% | 16.50% | 3.81 | — | — | 2031-01-15 | BB | — |
Enhancement: subordinate notes, overcollateralization and reserve beneath the class, as a share of the pool net of any yield supplement (the adjusted pool, as the issuers and rating agencies measure it); the Class A notes share losses pari passu, so each carries the same figure. Spread: basis points over the benchmark named beside it, from the pricing term sheet — the interpolated curve for fixed-rate classes, 30-day average SOFR for floaters; the two are not comparable. A class marked retained was kept by the depositor, as the prospectus states.
| Sponsor | Bridgecrest Acceptance Corporation |
|---|---|
| Servicer | Bridgecrest Acceptance Corporation |
| Depositor / Transferor | Bridgecrest Auto Funding LLC |
| Indenture Trustee | Clayton Fixed Income Services LLC |
| Owner Trustee | — |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | Deutsche Bank Securities, Wells Fargo Securities, Citigroup Global Markets |
| BLAST 2024-2 | BLAST 2024-1 | BLAST 2023-1 | Source | |
|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||
| Closing date | 2024-04-24 | 2024-01-24 | 2023-10-25 | 424B5 |
| Pool balance | $700.0MM | $700.0MM | $700.0MM | 424B5 |
| WA Credit Score | 552−2 | 552 | 556 | 424B5 |
| WA APR | 23.15%+0.24pp | 23.34% | 22.48% | 424B5 |
| WA original term mo | 65.0+1.0 | 64.0 mo | 64.0 mo | 424B5 |
| % new vehicles | 0.1% | 0.1% | 0.2% | 424B5 |
| Geo top-3 | FL 13.3% TX 13.0% GA 9.6% | TX 13.8% FL 12.1% GA 10.0% | TX 15.1% FL 13.8% GA 9.4% | 424B5 |
| Enhancement beneath the AAA term notes | ||||
| Enhancement, initial | 55.85%−1.15pp | 58.00% | 56.00% | calc |
| Enhancement, target | 60.35% | 63.30% | 60.50% | calc |
| Subordinate notes | 39.3%−1.1pp | 41.0% | 40.0% | calc |
| OC (initial) | 15.00% | 15.50% | 14.50% | 424B5 |
| OC target | 19.50% | 20.80% | 19.00% | 424B5 |
| OC floor | 3.25% | 3.25% | 3.25% | 424B5 |
| Reserve account | 1.50% | 1.50% | 1.50% | 424B5 |
| YSOC | n.a. | n.a. | n.a. | 424B5 |
| Pricing | ||||
| AAA spread | +85 bps A-3 · 1.4y | +95 bps A-3 · 1.3y | — | FWP |
| Terms | ||||
| Tranches | 7 | 7 | 7 | FWP |
Enhancement: subordinate notes, overcollateralization and the reserve account as a share of the cutoff-date pool — the losses the pool can absorb before the AAA term notes are touched. AAA spread: the pricing spread over the interpolated curve for the fixed-rate AAA class whose weighted-average life is nearest two years, with that class and its WAL shown; floating-rate classes are never used. Source: 424B5 = final prospectus, FWP = pricing term sheet, calc = derived from the above. Deltas are against the peer median; green means more protection, or a cheaper price for it, for the noteholder.
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 2024-2 | SDART 2024-2 | EART 2024-2 | DRIVE 2024-1 | AMCAR 2023-2 | CRVNA 2021-N4 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2024-04-24 | 2024-04-24 | 2024-04-05 | 2024-02-21 | 2023-09-20 | 2021-12-15 | 424B5 |
| Pool balance | $700.0MM | $1,768.8MM | $859.3MM | $1,642.6MM | $1,591.5MM | $460.0MM | 424B5 |
| WA Credit Score | 552−38 | 606 | 592 | 586 | 590 | 578 | 424B5 |
| WA APR | 23.15%+4.33pp | 18.38% | 22.62% | 19.84% | 14.71% | 18.82% | 424B5 |
| WA original term mo | 65.0−7.0 | 71.0 mo | 74.0 mo | 71.2 mo | 74.0 mo | 72.0 mo | 424B5 |
| % new vehicles | 0.1% | 30.4% | — | 19.1% | 51.8% | — | 424B5 |
| Geo top-3 | FL 13.3% TX 13.0% GA 9.6% | TX 16.8% FL 12.9% CA 8.0% | TX 15.7% CA 9.3% FL 8.3% | TX 21.2% FL 12.8% CA 8.2% | TX 15.7% FL 8.0% OH 6.6% | TX 10.9% CA 7.0% FL 6.9% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 55.85%+6.00pp | 42.25% | 68.65% | 56.35% | 33.10% | 49.85% | calc |
| Enhancement, target | 60.35% | 47.85% | 78.65% | 65.60% | 42.10% | 52.85% | calc |
| Subordinate notes | 39.3%+7.1pp | 32.3% | 60.1% | 22.3% | 25.4% | 48.6% | calc |
| OC (initial) | 15.00% | 9.00% | 7.55% | 33.10% | 5.75% | 0.00% | 424B5 |
| OC target | 19.50% | 14.60% | 17.55% | 42.35% | 14.75% | 3.00% | 424B5 |
| OC floor | 3.25% | 2.00% | 1.50% | 3.50% | — | 1.25% | 424B5 |
| Reserve account | 1.50% | 1.00% | 1.00% | 1.00% | 2.00% | 1.25% | 424B5 |
| YSOC | n.a. | n.a. | n.a. | n.a. | — | n.a. | 424B5 |
| Pricing | |||||||
| AAA spread | +85 bps+15bps A-3 · 1.4y | +70 bps A-3 · 1.8y | +62 bps A-3 · 0.8y | +73 bps A-3 · 1.4y | +95 bps A-3 · 2.2y | +45 bps A-1 · 0.9y | FWP |
| Terms | |||||||
| Tranches | 7 | 6 | 7 | 5 | 7 | 7 | FWP |
Enhancement: subordinate notes, overcollateralization and the reserve account as a share of the cutoff-date pool — the losses the pool can absorb before the AAA term notes are touched. AAA spread: the pricing spread over the interpolated curve for the fixed-rate AAA class whose weighted-average life is nearest two years, with that class and its WAL shown; floating-rate classes are never used. Source: 424B5 = final prospectus, FWP = pricing term sheet, calc = derived from the above. Deltas are against the peer median; green means more protection, or a cheaper price for it, for the noteholder.
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 (87 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 the performance page ↗ for
FICO sub-band and new/used stratification.