Presale Report  ·  Data as of 2026-04-28

Bridgecrest Lending Auto Securitization Trust 2026-2 Auto Loan subprime FINAL · CLOSED 2026-04-28

Notes
$642.1MM
Pool
$759.9MM
Reserve
1.50%
AAA Sub
48.8%
Sponsor: Bridgecrest Acceptance Corporation  ·  Servicer: Bridgecrest Acceptance Corporation  ·  Trustee: Clayton Fixed Income Services LLC

Capital Structure

ClassSize ($MM)% of PoolSub %CPN / SpreadWALLegal FinalS&PDBRS
Class A-182.010.8%73.7%+30 bps0.092027-04-15A-1+R-1(H)
Class A-2123.316.2%57.5%+59 bps0.462028-09-15AAAAAA
Class A-3123.316.2%41.2%+61 bps1.202030-01-15AAAAAA
Class B66.18.7%32.5%+85 bps1.832032-02-15AAAA
Class C85.511.2%21.3%+115 bps2.382032-02-15AA
Class D100.313.2%8.1%+145 bps3.172032-02-15BBBBBB
Class E61.58.1%0.0%+345 bps3.712033-05-15BBBB

Transaction Parties

SponsorBridgecrest Acceptance Corporation
ServicerBridgecrest Acceptance Corporation
Depositor / TransferorBridgecrest Auto Funding LLC
Indenture TrusteeClayton Fixed Income Services LLC
Owner Trustee
Asset Rep. ReviewerClayton Fixed Income Services LLC
UnderwritersWells Fargo Securities, BMO Capital Markets, Deutsche Bank Securities, Citigroup Global Markets

Issuer Track Record

BLAST 2026-2BLAST 2026-1BLAST 2025-4BLAST 2025-3BLAST 2025-2BLAST 2025-1
Collateral (pool at cut-off)
Closing date2026-04-282026-01-282025-10-222025-07-292025-05-232025-01-29
Pool balance$759.9MM$760.0MM$700.0MM$550.0MM$850.0MM$725.0MM
WA Credit Score572+17576576552555553
WA APR21.42%−0.62pp21.76%22.02%22.04%22.15%22.49%
WA original term mo67.00.067.0 mo67.0 mo67.0 mo67.0 mo65.0 mo
% new vehicles0.2%0.4%0.3%0.2%0.2%
Reserve %1.50%1.50%1.50%1.50%1.50%1.50%
Geo top-3TX 13.7%
FL 11.0%
GA 8.4%
TX 13.4%
FL 11.0%
GA 8.6%
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%
Structure (at issuance)
AAA spread+59 bps+8bps+50 bps+60 bps+51 bps+65 bps+46 bps
AAA % of pool32.5%+2.8pp34.5%35.6%28.8%29.7%28.2%
Subordination below AAA41.2%−4.1pp41.1%40.8%45.3%45.4%46.0%
OC (initial)15.50%15.00%15.00%15.00%15.10%14.00%
OC target22.50%20.90%20.00%20.75%20.90%20.00%
OC floor3.00%3.00%3.00%3.00%3.25%3.25%
YSOCn.a.n.a.n.a.n.a.n.a.n.a.
Tranches777777

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.

Peer Set

BLAST 2026-2EART 2026-2SDART 2026-1CMXS 2026-ADRIVE 2025-2AMCAR 2024-1
Collateral (pool at cut-off)
Closing date2026-04-282026-03-312026-02-252026-02-252025-09-242024-05-29
Pool balance$759.9MM$757.7MM$1,936.2MM$769.2MM$1,866.5MM$1,675.9MM
WA Credit Score572−16582605612585588
WA APR21.42%+3.38pp19.41%18.04%16.49%19.81%13.57%
WA original term mo67.0−4.776.0 mo71.8 mo70.1 mo71.7 mo71.0 mo
% new vehicles0.2%26.7%0.0%28.1%56.9%
Reserve %1.50%1.00%1.00%2.50%1.00%1.00%
Geo top-3TX 13.7%
FL 11.0%
GA 8.4%
TX 20.6%
CA 11.3%
FL 8.0%
TX 15.6%
FL 13.2%
CA 9.3%
CA 15.0%
TX 13.2%
FL 8.6%
TX 17.7%
FL 12.4%
CA 7.8%
TX 16.3%
FL 7.4%
OH 7.1%
Structure (at issuance)
AAA spread+59 bps+1bps+60 bps+53 bps+58 bps+56 bps+60 bps
AAA % of pool32.5%−19.1pp40.4%53.7%55.3%42.2%51.6%
Subordination below AAA41.2%+8.4pp48.6%33.9%23.7%32.8%25.3%
OC (initial)15.50%4.40%2.20%2.50%14.50%5.75%
OC target22.50%11.70%3.65%8.65%19.00%14.75%
OC floor3.00%1.50%2.00%0.50%3.00%
YSOCn.a.n.a.n.a.n.a.n.a.
Tranches787868

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.

Historical Performance Context

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 (113 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.

CNL by seasoning — BLAST vs. subprime peers3.2%6.3%9.5%12.6%M0M12M24M36M48Seasoning (months from cut-off)CNLBLAST 2026-1BLAST 2025-4BLAST 2025-3BLAST 2025-2subprime peers medianPeer IQR (fixed cohort, n=75)
Portfolio 60+ DQ — BLAST vs. peers (calendar time)2.89%5.78%8.67%11.57%2023-042023-122024-092025-062026-03Calendar date60+ DQ rateBLASTAMCARCMXSDRIVE

Bridgecrest Acceptance Corporation — ticker BLAST. Peer tier: subprime.
Open in Explorer ↗ for FICO sub-band and new/used stratification.