| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | DBRS |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 60.6 | 8.7% | 76.3% | +26 bps | 0.12 | 2026-10-15 | A-1+ | R-1(high) |
| Class A-2 | 124.6 | 17.8% | 58.5% | +60 bps | 0.56 | 2028-06-15 | AAA | AAA |
| Class A-3 | 124.6 | 17.8% | 40.8% | +72 bps | 1.36 | 2029-10-15 | AAA | AAA |
| Class B | 63.0 | 9.0% | 31.8% | +85 bps | 2.01 | 2031-08-15 | AA | AA |
| Class C | 91.0 | 13.0% | 18.8% | +135 bps | 2.61 | 2031-08-15 | A | A |
| Class D | 89.2 | 12.7% | 6.0% | +195 bps | 3.41 | 2031-08-15 | BBB | BBB |
| Class E | 42.0 | 6.0% | 0.0% | — | 3.73 | 2025-10-22 | — | — |
| 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, BMO Capital Markets, Deutsche Bank Securities |
| BLAST 2025-4 | BLAST 2025-3 | BLAST 2025-2 | BLAST 2025-1 | BLAST 2024-4 | BLAST 2024-3 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2025-10-22 | 2025-07-29 | 2025-05-23 | 2025-01-29 | 2024-10-23 | 2024-07-24 |
| Pool balance | $700.0MM | $550.0MM | $850.0MM | $725.0MM | $800.0MM | $800.0MM |
| WA Credit Score | 576+22 | 552 | 555 | 553 | 555 | 554 |
| WA APR | 22.02%−0.13pp | 22.04% | 22.15% | 22.49% | 22.62% | 21.30% |
| WA original term mo | 67.0+2.0 | 67.0 mo | 67.0 mo | 65.0 mo | 65.0 mo | 65.0 mo |
| % new vehicles | 0.3% | 0.2% | 0.2% | — | 0.1% | 0.1% |
| Reserve % | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| Geo top-3 | TX 13.1% FL 11.0% GA 9.1% | 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% |
| Structure (at issuance) | ||||||
| AAA spread | +60 bps+8bps | +51 bps | +65 bps | +46 bps | +53 bps | — |
| AAA % of pool | 35.6%+5.9pp | 28.8% | 29.7% | 28.2% | 34.2% | 30.0% |
| Subordination below AAA | 40.8%−4.5pp | 45.3% | 45.4% | 46.0% | 41.6% | 43.0% |
| OC (initial) | 15.00% | 15.00% | 15.10% | 14.00% | 14.00% | 15.00% |
| OC target | 20.00% | 20.75% | 20.90% | 20.00% | 18.75% | 20.00% |
| OC floor | 3.00% | 3.00% | 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 2025-4 | CMXS 2025-B | DRIVE 2025-2 | EART 2025-4 | SDART 2025-3 | AMCAR 2024-1 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2025-10-22 | 2025-09-24 | 2025-09-24 | 2025-08-27 | 2025-07-30 | 2024-05-29 |
| Pool balance | $700.0MM | $923.1MM | $1,866.5MM | $1,298.2MM | $2,150.3MM | $1,675.9MM |
| WA Credit Score | 576−12 | 612 | 585 | 585 | 604 | 588 |
| WA APR | 22.02%+3.90pp | 16.05% | 19.81% | 18.46% | 18.12% | 13.57% |
| WA original term mo | 67.0−4.6 | 69.4 mo | 71.7 mo | 76.0 mo | 71.6 mo | 71.0 mo |
| % new vehicles | 0.3% | 0.0% | 28.1% | — | 27.7% | 56.9% |
| Reserve % | 1.50% | 2.50% | 1.00% | 1.00% | 1.00% | 1.00% |
| Geo top-3 | TX 13.1% FL 11.0% GA 9.1% | CA 16.3% TX 12.8% FL 9.2% | TX 17.7% FL 12.4% CA 7.8% | TX 19.6% CA 10.8% FL 8.0% | TX 15.8% FL 12.8% CA 9.2% | TX 16.3% FL 7.4% OH 7.1% |
| Structure (at issuance) | ||||||
| AAA spread | +60 bps+4bps | +63 bps | +56 bps | +54 bps | +56 bps | +60 bps |
| AAA % of pool | 35.6%−16.0pp | 52.0% | 42.2% | 41.1% | 52.9% | 51.6% |
| Subordination below AAA | 40.8%+8.3pp | 23.4% | 32.8% | 45.7% | 32.4% | 25.3% |
| OC (initial) | 15.00% | 2.50% | 14.50% | 4.20% | 4.40% | 5.75% |
| OC target | 20.00% | 8.50% | 19.00% | 11.20% | 5.90% | 14.75% |
| OC floor | 3.00% | 0.50% | 3.00% | 1.50% | 2.00% | — |
| YSOC | n.a. | n.a. | n.a. | n.a. | n.a. | — |
| Tranches | 7 | 7 | 6 | 7 | 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 (107 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.