| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 360.0 | 21.7% | 73.6% | +14 bps | 0.30 | 2027-09-15 | AAA | AAA |
| Class A-2A | 428.0 | 25.9% | 47.8% | +32 bps | 1.08 | 2029-04-15 | AAA | AAA |
| Class A-2B | 100.0 | 6.0% | 41.7% | +32 bps SOFR | 1.08 | 2029-04-15 | AAA | AAA |
| Class A-3 | 528.0 | 31.9% | 9.8% | +36 bps | 2.36 | 2031-02-15 | AAA | AAA |
| Class A-4 | 84.0 | 5.1% | 4.8% | +41 bps | 3.44 | 2032-07-15 | AAA | AAA |
| Class B | 47.4 | 2.9% | 1.9% | +60 bps | 3.48 | 2032-07-15 | AA | AA |
| Class C | 31.6 | 1.9% | 0.0% | — | 3.48 | 2033-12-15 | — | — |
| Sponsor | Ford Motor Credit Company LLC |
|---|---|
| Servicer | Delinquency |
| Depositor / Transferor | Ford Credit and the depositor may be required to repurchase ineligible receivables from the |
| Indenture Trustee | The Bank of New York Mellon |
| Owner Trustee | U.S. Bank Trust National Association |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | Deutsche Bank Securities, CastleOak Securities, U.S. Bancorp Investments, Citigroup Global Markets, Scotia Capital, SMBC Nikko Securities |
| FCAOT 2026-B | FCAOT 2026-A | FCAOT 2025-C | FCAOT 2025-B | FCAOT 2025-A | FCAOT 2024-D | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-06-23 | 2026-03-24 | 2025-11-25 | 2025-09-26 | 2025-03-25 | 2024-11-22 |
| Pool balance | $1,655.3MM | $1,489.0MM | $1,096.6MM | $1,645.7MM | $1,668.4MM | $1,683.4MM |
| WA Credit Score | 752−2 | 754 | 752 | 752 | 755 | 754 |
| WA APR | 5.07%+0.23pp | 4.84% | 5.15% | 5.21% | 4.81% | 4.79% |
| WA original term mo | 66.4+0.6 | 65.8 mo | 65.9 mo | 66.0 mo | 64.8 mo | 64.9 mo |
| % new vehicles | 92.6% | 93.8% | 93.7% | 93.5% | 94.3% | 94.2% |
| Reserve % | 0.24% | 0.18% | 0.24% | 0.24% | 0.24% | 0.23% |
| Geo top-3 | TX 17.3% CA 8.7% FL 8.5% | TX 16.5% FL 8.6% CA 8.5% | TX 16.6% CA 8.8% FL 8.4% | TX 16.5% CA 8.7% FL 8.2% | TX 15.6% CA 8.9% FL 8.8% | TX 16.1% CA 8.6% FL 8.5% |
| Structure (at issuance) | ||||||
| AAA spread | +14 bps−22bps | +43 bps | +36 bps | +30 bps | +41 bps | +32 bps |
| AAA % of pool | 90.6%+19.9pp | 70.7% | 69.3% | 71.7% | 71.0% | 69.5% |
| Subordination below AAA | 4.8%−0.0pp | 4.8% | 4.8% | 4.8% | 4.7% | 4.7% |
| OC (initial) | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
| OC target | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
| OC floor | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
| YSOC | 4.61% | 4.56% | 4.01% | 4.06% | 5.36% | 6.20% |
| 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.
| FCAOT 2026-B | HART 2026-B | NAROT 2026-A | MBART 2026-1 | HAROT 2026-2 | WOART 2026-B | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-06-23 | 2026-06-17 | 2026-05-27 | 2026-05-20 | 2026-05-13 | 2026-05-13 |
| Pool balance | $1,655.3MM | $2,408.5MM | $1,394.8MM | — | $2,159.3MM | $1,406.0MM |
| WA Credit Score | 752−22 | 774 | 787 | 780 | 768 | 759 |
| WA APR | 5.07%−0.10pp | 5.17% | 4.44% | 6.37% | 4.99% | 5.79% |
| WA original term mo | 66.4+2.3 | 65.8 mo | — | 62.4 mo | 61.9 mo | 68.6 mo |
| % new vehicles | 92.6% | 99.8% | 10.9% | 48.1% | 86.1% | 98.1% |
| Reserve % | 0.24% | 0.25% | 0.25% | — | 0.25% | 0.23% |
| Geo top-3 | TX 17.3% CA 8.7% FL 8.5% | TX 13.0% FL 9.9% CA 8.5% | FL 6.8% CA 6.3% GA 3.7% | CA 20.4% FL 14.8% TX 14.0% | CA 15.3% TX 9.9% NY 6.2% | FL 45.9% GA 18.6% NC 15.2% |
| Structure (at issuance) | ||||||
| AAA spread | +14 bps−24bps | +36 bps | +43 bps | +36 bps | +38 bps | +38 bps |
| AAA % of pool | 90.6%+20.3pp | 67.0% | 69.5% | 73.6% | 72.8% | 70.3% |
| Subordination below AAA | 4.8%+2.0pp | 4.5% | 2.8% | 0.0% | 0.0% | 4.2% |
| OC (initial) | 2.00% | 3.00% | 1.00% | 2.50% | — | — |
| OC target | 2.00% | 3.00% | 1.00% | 2.50% | — | 0.90% |
| OC floor | 2.00% | 3.00% | 1.00% | 2.50% | — | 0.50% |
| YSOC | 4.61% | 6.86% | 8.14% | — | 5.10% | 6.38% |
| Tranches | 7 | 7 | 7 | 5 | 5 | 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.
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 (207 series across 9 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.
Ford Motor Credit Company LLC — ticker FCAOT.
Peer tier: prime.
Open in Explorer ↗ for
FICO sub-band and new/used stratification.