| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | S&P | KBRA |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 Notes | 96.0 | 12.0% | 59.50% | 0.10 | 5.54% | — | 2025-08-15 | A-1+ | K1+ |
| Class A-2 Notes | 128.0 | 16.0% | 59.50% | 0.55 | 5.54% | — | 2027-02-16 | AAA | AAA |
| Class A-3 Notes | 112.0 | 14.0% | 59.50% | 1.24 | 5.34% | — | 2028-04-17 | AAA | AAA |
| Class B Notes | 64.0 | 8.0% | 51.50% | 1.78 | 5.37% | — | 2028-10-16 | AA | AA |
| Class C Notes | 100.0 | 12.5% | 39.00% | 2.33 | 5.70% | — | 2029-07-16 | A | A |
| Class D Notes | 124.0 | 15.5% | 23.50% | 3.20 | 5.83% | — | 2030-05-15 | BBB | BBB- |
| Class E Notesretained | 56.0 | 7.0% | 16.50% | 3.73 | 7.70% | — | 2031-04-15 | — | 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 | Wells Fargo Securities, Deutsche Bank Securities, Citigroup Global Markets |
| BLAST 2024-3 | BLAST 2024-2 | BLAST 2024-1 | BLAST 2023-1 | Source | |
|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||
| Closing date | 2024-07-24 | 2024-04-24 | 2024-01-24 | 2023-10-25 | 424B5 |
| Pool balance | $800.0MM | $700.0MM | $700.0MM | $700.0MM | 424B5 |
| WA Credit Score | 554+2 | 552 | 552 | 556 | 424B5 |
| WA APR | 22.28%−0.87pp | 23.15% | 23.34% | 22.48% | 424B5 |
| WA original term mo | 65.0+1.0 | 65.0 mo | 64.0 mo | 64.0 mo | 424B5 |
| % new vehicles | 0.1% | 0.1% | 0.1% | 0.2% | 424B5 |
| 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% | 424B5 |
| Enhancement beneath the AAA term notes | |||||
| Enhancement, initial | 59.50%+3.50pp | 55.85% | 58.00% | 56.00% | calc |
| Enhancement, target | 64.50% | 60.35% | 63.30% | 60.50% | calc |
| Subordinate notes | 43.0%+3.0pp | 39.3% | 41.0% | 40.0% | calc |
| OC (initial) | 15.00% | 15.00% | 15.50% | 14.50% | 424B5 |
| OC target | 20.00% | 19.50% | 20.80% | 19.00% | 424B5 |
| OC floor | 3.25% | 3.25% | 3.25% | 3.25% | 424B5 |
| Reserve account | 1.50% | 1.50% | 1.50% | 1.50% | 424B5 |
| YSOC | n.a. | 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 | 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 2024-3 | CMXS 2024-A | SDART 2024-3 | AMCAR 2024-1 | EART 2024-3 | DRIVE 2024-1 | Source | |
|---|---|---|---|---|---|---|---|
| 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 | 424B5 |
| Pool balance | $800.0MM | $666.7MM | $1,960.1MM | $1,675.9MM | $869.8MM | $1,642.6MM | 424B5 |
| WA Credit Score | 554−37 | 603 | 606 | 588 | 591 | 586 | 424B5 |
| WA APR | 22.28%+3.74pp | 16.06% | 18.54% | 16.18% | 22.92% | 19.84% | 424B5 |
| WA original term mo | 65.0−6.2 | 68.5 mo | 71.2 mo | 71.0 mo | 74.0 mo | 71.2 mo | 424B5 |
| % new vehicles | 0.1% | 0.0% | 28.0% | 56.9% | — | 19.1% | 424B5 |
| 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% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 59.50%+17.10pp | 30.00% | 42.40% | 32.10% | 57.75% | 56.35% | calc |
| Enhancement, target | 64.50% | 38.10% | 47.40% | 41.10% | 66.75% | 65.60% | calc |
| Subordinate notes | 43.0%+17.7pp | 22.8% | 32.4% | 25.3% | 50.5% | 22.3% | calc |
| OC (initial) | 15.00% | 6.25% | 9.00% | 5.75% | 6.25% | 33.10% | 424B5 |
| OC target | 20.00% | 14.35% | 14.00% | 14.75% | 15.25% | 42.35% | 424B5 |
| OC floor | 3.25% | 0.50% | 2.00% | — | 1.50% | 3.50% | 424B5 |
| Reserve account | 1.50% | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | 424B5 |
| YSOC | n.a. | n.a. | n.a. | — | n.a. | n.a. | 424B5 |
| Pricing | |||||||
| AAA spread | — | — | +80 bps A-3 · 1.7y | +68 bps A-3 · 2.0y | +68 bps A-3 · 1.3y | +73 bps A-3 · 1.4y | FWP |
| Terms | |||||||
| Tranches | 7 | 7 | 6 | 8 | 7 | 5 | 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 (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 the performance page ↗ for
FICO sub-band and new/used stratification.