| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | S&P | DBRS |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 81.6 | 10.2% | 57.10% | 0.10 | 4.91% | +15 I-curve | 2025-11-17 | A-1+ | R-1(H) |
| Class A-2 | 164.2 | 20.5% | 57.10% | 0.62 | 4.84% | +53 I-curve | 2027-09-15 | AAA | AAA |
| Class A-3 | 109.4 | 13.7% | 57.10% | 1.40 | 4.72% | +70 I-curve | 2028-09-15 | AAA | AAA |
| Class B | 67.2 | 8.4% | 48.70% | 1.94 | 4.77% | +88 I-curve | 2030-08-15 | AA | AA |
| Class C | 110.8 | 13.8% | 34.85% | 2.54 | 4.83% | +100 I-curve | 2030-08-15 | A | A |
| Class D | 105.6 | 13.2% | 21.65% | 3.37 | 5.23% | +145 I-curve | 2030-08-15 | BBB | BBB |
| Class Eretained | 49.2 | 6.1% | 15.50% | 1.75 | — | — | 2031-08-15 | — | — |
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 2024-4 | BLAST 2024-3 | BLAST 2024-2 | BLAST 2024-1 | BLAST 2023-1 | Source | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-10-23 | 2024-07-24 | 2024-04-24 | 2024-01-24 | 2023-10-25 | 424B5 |
| Pool balance | $800.0MM | $800.0MM | $700.0MM | $700.0MM | $700.0MM | 424B5 |
| WA Credit Score | 555+2 | 554 | 552 | 552 | 556 | 424B5 |
| WA APR | 22.62%−0.20pp | 22.28% | 23.15% | 23.34% | 22.48% | 424B5 |
| WA original term mo | 65.0+0.5 | 65.0 mo | 65.0 mo | 64.0 mo | 64.0 mo | 424B5 |
| % new vehicles | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% | 424B5 |
| Geo top-3 | TX 13.4% FL 12.6% GA 8.4% | 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 | 57.10%+0.10pp | 59.50% | 55.85% | 58.00% | 56.00% | calc |
| Enhancement, target | 61.85% | 64.50% | 60.35% | 63.30% | 60.50% | calc |
| Subordinate notes | 41.6%+1.1pp | 43.0% | 39.3% | 41.0% | 40.0% | calc |
| OC (initial) | 14.00% | 15.00% | 15.00% | 15.50% | 14.50% | 424B5 |
| OC target | 18.75% | 20.00% | 19.50% | 20.80% | 19.00% | 424B5 |
| OC floor | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 424B5 |
| Reserve account | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 424B5 |
| YSOC | n.a. | n.a. | n.a. | n.a. | n.a. | 424B5 |
| Pricing | ||||||
| AAA spread | +70 bps−20bps A-3 · 1.4y | — | +85 bps A-3 · 1.4y | +95 bps A-3 · 1.3y | — | FWP |
| Terms | ||||||
| Tranches | 7 | 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 2024-4 | EART 2024-5 | DRIVE 2024-2 | SDART 2024-4 | CMXS 2024-A | AMCAR 2024-1 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2024-10-23 | 2024-09-30 | 2024-09-25 | 2024-08-21 | 2024-06-26 | 2024-05-29 | 424B5 |
| Pool balance | $800.0MM | $976.3MM | $2,191.8MM | $1,989.0MM | $666.7MM | $1,675.9MM | 424B5 |
| WA Credit Score | 555−46 | 601 | 586 | 604 | 603 | 588 | 424B5 |
| WA APR | 22.62%+4.05pp | 21.62% | 19.73% | 18.57% | 16.06% | 16.18% | 424B5 |
| WA original term mo | 65.0−6.3 | 75.0 mo | 71.7 mo | 71.3 mo | 68.5 mo | 71.0 mo | 424B5 |
| % new vehicles | 0.1% | — | 31.7% | 30.4% | 0.0% | 56.9% | 424B5 |
| Geo top-3 | TX 13.4% FL 12.6% GA 8.4% | TX 16.4% CA 11.0% FL 8.1% | TX 20.6% FL 12.7% CA 7.6% | TX 15.9% FL 11.8% CA 8.9% | CA 15.2% TX 14.4% FL 9.4% | TX 16.3% FL 7.4% OH 7.1% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 57.10%+15.45pp | 60.95% | 53.25% | 41.65% | 30.00% | 32.10% | calc |
| Enhancement, target | 61.85% | 67.15% | 58.00% | 46.65% | 38.10% | 41.10% | calc |
| Subordinate notes | 41.6%+11.3pp | 54.3% | 30.3% | 31.7% | 22.8% | 25.3% | calc |
| OC (initial) | 14.00% | 5.65% | 22.00% | 8.95% | 6.25% | 5.75% | 424B5 |
| OC target | 18.75% | 11.85% | 26.75% | 13.95% | 14.35% | 14.75% | 424B5 |
| OC floor | 3.25% | 1.50% | 3.50% | 2.00% | 0.50% | — | 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 | +70 bps−3bps A-3 · 1.4y | +68 bps A-3 Notes · 1.2y | +78 bps A-3 · 1.5y | +80 bps A-3 · 1.8y | — | +68 bps A-3 · 2.0y | FWP |
| Terms | |||||||
| Tranches | 7 | 7 | 6 | 6 | 7 | 8 | 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 (95 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.