| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | KBRA |
|---|---|---|---|---|---|---|---|---|
| Class A-1 Notes | 96.0 | 12.0% | 73.0% | 5.54% fxd | — | 2025-08-15 | A-1+ | K1+ |
| Class A-2 Notes | 128.0 | 16.0% | 57.0% | 5.54% fxd | — | 2027-02-16 | AAA | AAA |
| Class A-3 Notes | 112.0 | 14.0% | 43.0% | 5.34% fxd | — | 2028-04-17 | AAA | AAA |
| Class B Notes | 64.0 | 8.0% | 35.0% | 5.37% fxd | — | 2028-10-16 | AA | AA |
| Class C Notes | 100.0 | 12.5% | 22.5% | 5.70% fxd | — | 2029-07-16 | A | A |
| Class D Notes | 124.0 | 15.5% | 7.0% | 5.83% fxd | — | 2030-05-15 | BBB | BBB- |
| Class E Notes | 56.0 | 7.0% | 0.0% | 7.70% fxd | — | 2031-04-15 | — | — |
| 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 | Wells Fargo Securities, Deutsche Bank Securities, Citigroup Global Markets |
| BLAST 2024-3 | BLAST 2024-2 | BLAST 2024-1 | BLAST 2023-1 | |
|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||
| Closing date | 2024-07-24 | 2024-04-24 | 2024-01-24 | 2023-10-25 |
| Pool balance | $800.0MM | $700.0MM | $700.0MM | $700.0MM |
| WA Credit Score | 5540 | 552 | 554 | 556 |
| WA APR | 21.30%−1.18pp | 23.16% | 19.10% | 22.48% |
| WA original term mo | 65.0+1.0 | 65.0 mo | 64.0 mo | 64.0 mo |
| % new vehicles | 0.1% | 0.1% | 0.1% | 0.2% |
| Reserve % | 1.50% | 1.50% | 1.50% | 1.50% |
| Geo top-3 | TX 13.0% FL 12.8% GA 8.6% | 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 | 30.0%−6.1pp | 37.3% | 35.0% | 36.1% |
| Subordination below AAA | 43.0%+3.0pp | 39.3% | 41.0% | 40.0% |
| OC (initial) | 15.00% | 15.00% | 15.50% | 14.50% |
| OC target | 20.00% | 19.50% | 20.80% | 19.00% |
| OC floor | 3.25% | 3.25% | 3.25% | 3.25% |
| YSOC | n.a. | n.a. | n.a. | n.a. |
| Tranches | 7 | 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 2024-3 | CMXS 2024-A | SDART 2024-3 | AMCAR 2024-1 | EART 2024-3 | DRIVE 2024-1 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-07-24 | 2024-06-26 | 2024-06-20 | 2024-05-29 | 2024-05-28 | 2024-02-21 |
| Pool balance | $800.0MM | $666.7MM | $1,960.1MM | $1,675.9MM | $869.8MM | $1,642.6MM |
| WA Credit Score | 554−37 | 603 | 606 | 588 | 591 | 575 |
| WA APR | 21.30%+3.01pp | 16.06% | 18.38% | 13.57% | 21.76% | 18.29% |
| WA original term mo | 65.0−6.2 | 68.5 mo | 71.2 mo | 71.0 mo | 74.0 mo | 71.2 mo |
| % new vehicles | 0.1% | 0.0% | 28.0% | 56.9% | — | 19.1% |
| Reserve % | 1.50% | 6.25% | 1.00% | 1.00% | 1.00% | 1.00% |
| Geo top-3 | TX 13.0% FL 12.8% GA 8.6% | CA 15.2% TX 14.4% FL 9.4% | TX 15.8% FL 13.4% CA 8.6% | TX 16.3% FL 7.4% OH 7.1% | TX 15.4% CA 9.6% FL 8.0% | TX 21.2% FL 12.8% CA 8.2% |
| Structure (at issuance) | ||||||
| AAA spread | — | +73 bps | +68 bps | +60 bps | +56 bps | +62 bps |
| AAA % of pool | 30.0%−20.9pp | 54.5% | 50.9% | 51.6% | 33.3% | 34.7% |
| Subordination below AAA | 43.0%+17.7pp | 22.8% | 32.4% | 25.3% | 50.5% | 22.3% |
| OC (initial) | 15.00% | 6.25% | 9.00% | 5.75% | 6.25% | 33.10% |
| OC target | 20.00% | 14.35% | 14.00% | 14.75% | 15.25% | 42.35% |
| OC floor | 3.25% | 0.50% | 2.00% | — | 1.50% | 3.50% |
| YSOC | n.a. | n.a. | n.a. | — | n.a. | n.a. |
| Tranches | 7 | 7 | 6 | 8 | 7 | 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.
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 (90 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.