| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | DBRS |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 58.5 | 8.4% | 76.6% | +18 bps | 0.11 | 2025-05-15 | A-1+ | R-1(H) |
| Class A-2 | 130.5 | 18.6% | 58.0% | +53 bps | 0.58 | 2027-02-16 | AAA | AAA |
| Class A-3 | 130.5 | 18.6% | 39.3% | +85 bps | 1.42 | 2028-06-15 | AAA | AAA |
| Class B | 55.6 | 7.9% | 31.4% | +110 bps | 2.07 | 2030-02-15 | AA | AA |
| Class C | 90.3 | 12.9% | 18.5% | +133 bps | 2.64 | 2030-02-15 | A | A |
| Class D | 90.3 | 12.9% | 5.6% | +165 bps | 3.44 | 2030-02-15 | BBB | BBB |
| Class E | 39.2 | 5.6% | 0.0% | — | 3.81 | 2031-01-15 | BB | — |
| 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 | |
|---|---|---|---|
| Collateral (pool at cut-off) | |||
| Closing date | 2024-04-24 | 2024-01-24 | 2023-10-25 |
| Pool balance | $700.0MM | $700.0MM | $700.0MM |
| WA Credit Score | 552−3 | 554 | 556 |
| WA APR | 23.16%+2.37pp | 19.10% | 22.48% |
| WA original term mo | 65.0+1.0 | 64.0 mo | 64.0 mo |
| % new vehicles | 0.1% | 0.1% | 0.2% |
| Reserve % | 1.50% | 1.50% | 1.50% |
| 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% |
| Structure (at issuance) | |||
| AAA spread | +53 bps | +70 bps | — |
| AAA % of pool | 37.3%+1.7pp | 35.0% | 36.1% |
| Subordination below AAA | 39.3%−1.1pp | 41.0% | 40.0% |
| OC (initial) | 15.00% | 15.50% | 14.50% |
| OC target | 19.50% | 20.80% | 19.00% |
| OC floor | 3.25% | 3.25% | 3.25% |
| YSOC | n.a. | n.a. | n.a. |
| Tranches | 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.
| BLAST 2024-2 | SDART 2024-2 | EART 2024-2 | DRIVE 2024-1 | AMCAR 2023-2 | CRVNA 2021-N4 | |
|---|---|---|---|---|---|---|
| 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 |
| Pool balance | $700.0MM | $1,768.8MM | $859.3MM | $1,642.6MM | $1,591.5MM | $460.0MM |
| WA Credit Score | 552−38 | 606 | 592 | 575 | 590 | 578 |
| WA APR | 23.16%+4.67pp | 18.49% | 21.29% | 18.29% | 12.20% | 18.82% |
| WA original term mo | 65.0−7.0 | 71.0 mo | 74.0 mo | 71.2 mo | 74.0 mo | 72.0 mo |
| % new vehicles | 0.1% | 30.4% | — | 19.1% | 51.8% | — |
| Reserve % | 1.50% | 1.00% | 1.00% | 1.00% | 2.00% | 0.35% |
| 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% |
| Structure (at issuance) | ||||||
| AAA spread | +53 bps−7bps | +60 bps | +44 bps | +62 bps | — | — |
| AAA % of pool | 37.3%−13.9pp | 51.2% | 22.5% | 34.7% | 54.2% | 51.4% |
| Subordination below AAA | 39.3%+7.1pp | 32.3% | 60.1% | 22.3% | 25.4% | 53.2% |
| OC (initial) | 15.00% | 9.00% | 7.55% | 33.10% | 5.75% | 0.00% |
| OC target | 19.50% | 14.60% | 17.55% | 42.35% | 14.75% | 3.00% |
| OC floor | 3.25% | 2.00% | 1.50% | 3.50% | — | 1.25% |
| YSOC | n.a. | n.a. | n.a. | n.a. | — | n.a. |
| Tranches | 7 | 6 | 7 | 5 | 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 (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 in Explorer ↗ for
FICO sub-band and new/used stratification.