| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | DBRS |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 81.6 | 10.2% | 75.8% | +15 bps | 0.10 | 2025-11-17 | A-1+ | R-1(H) |
| Class A-2 | 164.2 | 20.5% | 55.3% | +53 bps | 0.62 | 2027-09-15 | AAA | AAA |
| Class A-3 | 109.4 | 13.7% | 41.6% | +70 bps | 1.40 | 2028-09-15 | AAA | AAA |
| Class B | 67.2 | 8.4% | 33.2% | +88 bps | 1.94 | 2030-08-15 | AA | AA |
| Class C | 110.8 | 13.8% | 19.3% | +100 bps | 2.54 | 2030-08-15 | A | A |
| Class D | 105.6 | 13.2% | 6.1% | +145 bps | 3.37 | 2030-08-15 | BBB | BBB |
| Class E | 49.2 | 6.1% | 0.0% | — | — | 2031-08-15 | — | — |
| 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 | Deutsche Bank Securities, Wells Fargo Securities, Citigroup Global Markets |
| BLAST 2024-4 | BLAST 2024-3 | BLAST 2024-2 | BLAST 2024-1 | BLAST 2023-1 | |
|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||
| Closing date | 2024-10-23 | 2024-07-24 | 2024-04-24 | 2024-01-24 | 2023-10-25 |
| Pool balance | $800.0MM | $800.0MM | $700.0MM | $700.0MM | $700.0MM |
| WA Credit Score | 555+1 | 554 | 552 | 554 | 556 |
| WA APR | 22.62%+0.73pp | 21.30% | 23.16% | 19.10% | 22.48% |
| WA original term mo | 65.0+0.5 | 65.0 mo | 65.0 mo | 64.0 mo | 64.0 mo |
| % new vehicles | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% |
| Reserve % | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 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% |
| Structure (at issuance) | |||||
| AAA spread | +53 bps−8bps | — | +53 bps | +70 bps | — |
| AAA % of pool | 34.2%−1.4pp | 30.0% | 37.3% | 35.0% | 36.1% |
| Subordination below AAA | 41.6%+1.1pp | 43.0% | 39.3% | 41.0% | 40.0% |
| OC (initial) | 14.00% | 15.00% | 15.00% | 15.50% | 14.50% |
| OC target | 18.75% | 20.00% | 19.50% | 20.80% | 19.00% |
| OC floor | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% |
| YSOC | n.a. | n.a. | n.a. | n.a. | n.a. |
| Tranches | 7 | 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 2024-4 | EART 2024-5 | DRIVE 2024-2 | SDART 2024-4 | CMXS 2024-A | AMCAR 2024-1 | |
|---|---|---|---|---|---|---|
| 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 |
| Pool balance | $800.0MM | $976.3MM | $2,191.8MM | $1,989.0MM | $666.7MM | $1,675.9MM |
| WA Credit Score | 555−46 | 601 | 586 | 604 | 603 | 588 |
| WA APR | 22.62%+4.08pp | 18.94% | 19.84% | 18.54% | 16.06% | 13.57% |
| WA original term mo | 65.0−6.3 | 75.0 mo | 71.7 mo | 71.3 mo | 68.5 mo | 71.0 mo |
| % new vehicles | 0.1% | — | 31.7% | 30.4% | 0.0% | 56.9% |
| Reserve % | 1.50% | 1.00% | 1.00% | 1.00% | 6.25% | 1.00% |
| 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% |
| Structure (at issuance) | ||||||
| AAA spread | +53 bps−9bps | — | +60 bps | +65 bps | +73 bps | +60 bps |
| AAA % of pool | 34.2%−17.4pp | 29.9% | 38.2% | 51.8% | 54.5% | 51.6% |
| Subordination below AAA | 41.6%+11.3pp | 54.3% | 30.3% | 31.7% | 22.8% | 25.3% |
| OC (initial) | 14.00% | 5.65% | 22.00% | 8.95% | 6.25% | 5.75% |
| OC target | 18.75% | 11.85% | 26.75% | 13.95% | 14.35% | 14.75% |
| OC floor | 3.25% | 1.50% | 3.50% | 2.00% | 0.50% | — |
| YSOC | n.a. | n.a. | n.a. | n.a. | n.a. | — |
| Tranches | 7 | 7 | 6 | 6 | 7 | 8 |
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 in Explorer ↗ for
FICO sub-band and new/used stratification.