| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | S&P | KBRA |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 85.2 | 11.8% | 61.50% | 0.10 | 4.49% | +17 I-curve | 2026-02-15 | A-1+ | A-1+ |
| Class A-2 | 122.9 | 16.9% | 61.50% | 0.54 | 4.71% | +46 I-curve | 2027-09-15 | AAA | AAA |
| Class A-3 | 81.9 | 11.3% | 61.50% | 1.18 | 4.67% | +50 I-curve | 2028-08-15 | AAA | AAA |
| Class B | 65.2 | 9.0% | 52.50% | 1.67 | 4.92% | +70 I-curve | 2029-03-15 | AA | AA |
| Class C | 88.8 | 12.2% | 40.25% | 2.23 | 5.15% | +90 I-curve | 2029-12-15 | A | A |
| Class D | 130.5 | 18.0% | 22.25% | 3.14 | 5.64% | +135 I-curve | 2030-11-15 | BBB | BBB |
| Class Eretained | 48.9 | 6.8% | 15.50% | 3.71 | — | — | 2025-02-18 | — | 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 2025-1 | BLAST 2024-4 | BLAST 2024-3 | BLAST 2024-2 | BLAST 2024-1 | BLAST 2023-1 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2025-01-29 | 2024-10-23 | 2024-07-24 | 2024-04-24 | 2024-01-24 | 2023-10-25 | 424B5 |
| Pool balance | $725.0MM | $800.0MM | $800.0MM | $700.0MM | $700.0MM | $700.0MM | 424B5 |
| WA Credit Score | 553−1 | 555 | 554 | 552 | 552 | 556 | 424B5 |
| WA APR | 22.49%−0.13pp | 22.62% | 22.28% | 23.15% | 23.34% | 22.48% | 424B5 |
| WA original term mo | 65.00.0 | 65.0 mo | 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 13.1% FL 12.6% GA 8.6% | 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 | 61.50%+4.40pp | 57.10% | 59.50% | 55.85% | 58.00% | 56.00% | calc |
| Enhancement, target | 67.50% | 61.85% | 64.50% | 60.35% | 63.30% | 60.50% | calc |
| Subordinate notes | 46.0%+5.0pp | 41.6% | 43.0% | 39.3% | 41.0% | 40.0% | calc |
| OC (initial) | 14.00% | 14.00% | 15.00% | 15.00% | 15.50% | 14.50% | 424B5 |
| OC target | 20.00% | 18.75% | 20.00% | 19.50% | 20.80% | 19.00% | 424B5 |
| OC floor | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 424B5 |
| Reserve account | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 424B5 |
| YSOC | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | 424B5 |
| Pricing | |||||||
| AAA spread | +50 bps−35bps A-3 · 1.2y | +70 bps A-3 · 1.4y | — | +85 bps A-3 · 1.4y | +95 bps A-3 · 1.3y | — | FWP |
| Terms | |||||||
| Tranches | 7 | 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 2025-1 | EART 2025-1 | SDART 2025-1 | DRIVE 2024-2 | CMXS 2024-A | AMCAR 2024-1 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2025-01-29 | 2025-01-29 | 2025-01-22 | 2024-09-25 | 2024-06-26 | 2024-05-29 | 424B5 |
| Pool balance | $725.0MM | $1,449.1MM | $2,248.8MM | $2,191.8MM | $666.7MM | $1,675.9MM | 424B5 |
| WA Credit Score | 553−49 | 602 | 605 | 586 | 603 | 588 | 424B5 |
| WA APR | 22.49%+4.43pp | 21.32% | 18.06% | 19.73% | 16.06% | 16.18% | 424B5 |
| WA original term mo | 65.0−6.6 | 75.0 mo | 71.6 mo | 71.7 mo | 68.5 mo | 71.0 mo | 424B5 |
| % new vehicles | — | — | 30.7% | 31.7% | 0.0% | 56.9% | 424B5 |
| Geo top-3 | TX 13.1% FL 12.6% GA 8.6% | TX 16.9% CA 10.8% FL 8.4% | TX 17.2% CA 10.7% FL 8.2% | TX 20.6% FL 12.7% CA 7.6% | 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 | 61.50%+18.90pp | 60.95% | 42.60% | 53.25% | 30.00% | 32.10% | calc |
| Enhancement, target | 67.50% | 66.50% | 47.60% | 58.00% | 38.10% | 41.10% | calc |
| Subordinate notes | 46.0%+15.7pp | 53.5% | 36.4% | 30.3% | 22.8% | 25.3% | calc |
| OC (initial) | 14.00% | 6.45% | 5.15% | 22.00% | 6.25% | 5.75% | 424B5 |
| OC target | 20.00% | 12.00% | 10.15% | 26.75% | 14.35% | 14.75% | 424B5 |
| OC floor | 3.25% | 1.50% | 2.00% | 3.50% | 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 | +50 bps−11bps A-3 · 1.2y | +50 bps A-3 · 1.2y | +55 bps A-3 · 1.6y | +78 bps A-3 · 1.5y | — | +68 bps A-3 · 2.0y | FWP |
| Terms | |||||||
| Tranches | 7 | 7 | 7 | 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 (99 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.