| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | DBRS |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 83.3 | 9.8% | 75.1% | +35 bps | 0.11 | 2026-06-30 | A-1+ | R-1(H) |
| Class A-2 | 151.5 | 17.8% | 57.3% | +65 bps | 0.53 | 2028-01-31 | AAA | AAA |
| Class A-3 | 101.0 | 11.9% | 45.4% | +75 bps | 1.20 | 2028-12-31 | AAA | AAA |
| Class B | 79.9 | 9.4% | 36.0% | +85 bps | 1.71 | 2029-08-31 | AA | AA |
| Class C | 100.7 | 11.8% | 24.2% | +125 bps | 2.27 | 2031-03-31 | A | A |
| Class D | 148.8 | 17.5% | 6.7% | +170 bps | 3.17 | 2031-03-31 | BBB | BBB |
| Class E | 56.5 | 6.7% | 0.0% | — | 3.73 | 2025-06-16 | BB | BB |
| 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 2025-2 | BLAST 2025-1 | BLAST 2024-4 | BLAST 2024-3 | BLAST 2024-2 | BLAST 2024-1 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2025-05-23 | 2025-01-29 | 2024-10-23 | 2024-07-24 | 2024-04-24 | 2024-01-24 |
| Pool balance | $850.0MM | $725.0MM | $800.0MM | $800.0MM | $700.0MM | $700.0MM |
| WA Credit Score | 555+1 | 553 | 555 | 554 | 552 | 554 |
| WA APR | 22.15%−0.34pp | 22.49% | 22.62% | 21.30% | 23.16% | 19.10% |
| WA original term mo | 67.0+2.0 | 65.0 mo | 65.0 mo | 65.0 mo | 65.0 mo | 64.0 mo |
| % new vehicles | 0.2% | — | 0.1% | 0.1% | 0.1% | 0.1% |
| Reserve % | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| Geo top-3 | TX 12.8% FL 12.6% GA 8.4% | 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% |
| Structure (at issuance) | ||||||
| AAA spread | +65 bps+12bps | +46 bps | +53 bps | — | +53 bps | +70 bps |
| AAA % of pool | 29.7%−4.5pp | 28.2% | 34.2% | 30.0% | 37.3% | 35.0% |
| Subordination below AAA | 45.4%+3.8pp | 46.0% | 41.6% | 43.0% | 39.3% | 41.0% |
| OC (initial) | 15.10% | 14.00% | 14.00% | 15.00% | 15.00% | 15.50% |
| OC target | 20.90% | 20.00% | 18.75% | 20.00% | 19.50% | 20.80% |
| OC floor | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% |
| YSOC | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
| Tranches | 7 | 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 2025-2 | SDART 2025-2 | EART 2025-2 | CMXS 2025-A | DRIVE 2024-2 | AMCAR 2024-1 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2025-05-23 | 2025-03-26 | 2025-03-26 | 2025-03-26 | 2024-09-25 | 2024-05-29 |
| Pool balance | $850.0MM | $2,060.6MM | $1,050.3MM | $826.9MM | $2,191.8MM | $1,675.9MM |
| WA Credit Score | 555−33 | 604 | 583 | 608 | 586 | 588 |
| WA APR | 22.15%+4.09pp | 18.06% | 19.36% | 15.96% | 19.84% | 13.57% |
| WA original term mo | 67.0−4.6 | 71.6 mo | 75.0 mo | 68.9 mo | 71.7 mo | 71.0 mo |
| % new vehicles | 0.2% | 32.4% | — | 0.0% | 31.7% | 56.9% |
| Reserve % | 1.50% | 1.00% | 1.00% | 3.25% | 1.00% | 1.00% |
| Geo top-3 | TX 12.8% FL 12.6% GA 8.4% | FL 19.2% TX 14.9% CA 6.3% | TX 16.7% CA 11.2% FL 8.3% | CA 16.5% TX 13.9% FL 8.6% | TX 20.6% FL 12.7% CA 7.6% | TX 16.3% FL 7.4% OH 7.1% |
| Structure (at issuance) | ||||||
| AAA spread | +65 bps+5bps | +60 bps | — | +68 bps | +60 bps | +60 bps |
| AAA % of pool | 29.7%−21.9pp | 53.2% | 50.1% | 54.3% | 38.2% | 51.6% |
| Subordination below AAA | 45.4%+15.1pp | 32.9% | 47.3% | 25.7% | 30.3% | 25.3% |
| OC (initial) | 15.10% | 3.75% | 3.15% | 3.25% | 22.00% | 5.75% |
| OC target | 20.90% | 5.25% | 13.45% | 9.50% | 26.75% | 14.75% |
| OC floor | 3.25% | 2.00% | 1.50% | 0.50% | 3.50% | — |
| YSOC | n.a. | n.a. | n.a. | n.a. | n.a. | — |
| Tranches | 7 | 7 | 7 | 8 | 6 | 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 (101 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.
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FICO sub-band and new/used stratification.