| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | S&P | DBRS |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 60.0 | 10.9% | 61.80% | 0.09 | 4.51% | +20 I-curve | 2026-08-17 | A-1+ | R-1(H) |
| Class A-2 | 95.0 | 17.3% | 61.80% | 0.50 | 4.73% | +51 I-curve | 2028-02-15 | AAA | AAA |
| Class A-3 | 63.4 | 11.5% | 61.80% | 1.15 | 4.66% | +67 I-curve | 2029-01-16 | AAA | AAA |
| Class B | 52.0 | 9.4% | 52.35% | 1.67 | 4.73% | +85 I-curve | 2029-09-17 | AA | AA |
| Class C | 65.2 | 11.9% | 40.50% | 2.24 | 4.81% | +100 I-curve | 2031-05-15 | A | A |
| Class D | 96.2 | 17.5% | 23.00% | 3.15 | 5.27% | +150 I-curve | 2031-05-15 | BBB | BBB |
| Class Eretained | 35.8 | 6.5% | 16.50% | — | 6.62% | +285 I-curve | 2032-08-16 | BB | 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 | Deutsche Bank Securities, Wells Fargo Securities, Citigroup Global Markets |
| BLAST 2025-3 | BLAST 2025-2 | BLAST 2025-1 | BLAST 2024-4 | BLAST 2024-3 | BLAST 2024-2 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2025-07-29 | 2025-05-23 | 2025-01-29 | 2024-10-23 | 2024-07-24 | 2024-04-24 | 424B5 |
| Pool balance | $550.0MM | $850.0MM | $725.0MM | $800.0MM | $800.0MM | $700.0MM | 424B5 |
| WA Credit Score | 552−2 | 555 | 553 | 555 | 554 | 552 | 424B5 |
| WA APR | 22.04%−0.45pp | 22.14% | 22.49% | 22.62% | 22.28% | 23.15% | 424B5 |
| WA original term mo | 67.0+2.0 | 67.0 mo | 65.0 mo | 65.0 mo | 65.0 mo | 65.0 mo | 424B5 |
| % new vehicles | 0.2% | 0.2% | — | 0.1% | 0.1% | 0.1% | 424B5 |
| Geo top-3 | TX 13.0% FL 11.8% GA 8.8% | 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% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 61.80%+2.30pp | 62.00% | 61.50% | 57.10% | 59.50% | 55.85% | calc |
| Enhancement, target | 67.55% | 67.80% | 67.50% | 61.85% | 64.50% | 60.35% | calc |
| Subordinate notes | 45.3%+2.3pp | 45.4% | 46.0% | 41.6% | 43.0% | 39.3% | calc |
| OC (initial) | 15.00% | 15.10% | 14.00% | 14.00% | 15.00% | 15.00% | 424B5 |
| OC target | 20.75% | 20.90% | 20.00% | 18.75% | 20.00% | 19.50% | 424B5 |
| OC floor | 3.00% | 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 | +67 bps−5bps A-3 · 1.1y | +75 bps A-3 · 1.2y | +50 bps A-3 · 1.2y | +70 bps A-3 · 1.4y | — | +85 bps A-3 · 1.4y | 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 2025-3 | DRIVE 2025-1 | EART 2025-3 | CMXS 2025-A | SDART 2025-2 | AMCAR 2024-1 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2025-07-29 | 2025-05-28 | 2025-05-28 | 2025-03-26 | 2025-03-26 | 2024-05-29 | 424B5 |
| Pool balance | $550.0MM | $1,522.1MM | $1,098.0MM | $826.9MM | $2,060.6MM | $1,675.9MM | 424B5 |
| WA Credit Score | 552−36 | 586 | 583 | 608 | 604 | 588 | 424B5 |
| WA APR | 22.04%+3.92pp | 19.81% | 21.91% | 15.96% | 18.12% | 16.18% | 424B5 |
| WA original term mo | 67.0−4.6 | 71.9 mo | 75.0 mo | 68.9 mo | 71.6 mo | 71.0 mo | 424B5 |
| % new vehicles | 0.2% | 29.0% | — | 0.0% | 32.4% | 56.9% | 424B5 |
| Geo top-3 | TX 13.0% FL 11.8% GA 8.8% | TX 20.1% FL 13.7% CA 7.3% | TX 17.5% CA 11.0% FL 8.0% | CA 16.5% TX 13.9% FL 8.6% | FL 19.2% TX 14.9% CA 6.3% | TX 16.3% FL 7.4% OH 7.1% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 61.80%+24.15pp | 52.00% | 50.75% | 30.00% | 37.65% | 32.10% | calc |
| Enhancement, target | 67.55% | 56.50% | 58.05% | 36.25% | 39.15% | 41.10% | calc |
| Subordinate notes | 45.3%+12.4pp | 33.5% | 45.2% | 25.7% | 32.9% | 25.3% | calc |
| OC (initial) | 15.00% | 17.50% | 4.50% | 3.25% | 3.75% | 5.75% | 424B5 |
| OC target | 20.75% | 22.00% | 11.80% | 9.50% | 5.25% | 14.75% | 424B5 |
| OC floor | 3.00% | 3.00% | 1.50% | 0.50% | 2.00% | — | 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 | +67 bps−8bps A-3 · 1.1y | +75 bps A-3 · 1.5y | +80 bps A-3 · 1.5y | +78 bps A-3 · 2.0y | +68 bps A-3 · 1.9y | +68 bps A-3 · 2.0y | FWP |
| Terms | |||||||
| Tranches | 7 | 6 | 7 | 8 | 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 (104 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.