| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Moody's |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 294.0 | 33.7% | 66.3% | — | — | 2027-10-15 | A-1+ | P-1 |
| Class A-2a | — | — | — | — | — | 2029-07-15 | AAA | Aaa |
| Class A-2b | — | — | — | — | — | 2029-07-15 | AAA | Aaa |
| Class A-3 | 443.0 | 50.8% | 15.6% | — | — | 2031-04-15 | AAA | Aaa |
| Class A-4 | 70.0 | 8.0% | 7.5% | — | — | 2033-04-15 | AAA | Aaa |
| Class B | 39.5 | 4.5% | 3.0% | — | — | 2033-04-15 | AA | Aa3 |
| Class C | 26.3 | 3.0% | 0.0% | — | — | 2034-03-15 | — | — |
| Sponsor | Ford Motor Credit Company LLC |
|---|---|
| Servicer | Delinquency |
| Depositor / Transferor | Ford Credit and the depositor |
| 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 | BNP Paribas Securities, Lloyds Securities, RBC Capital Markets, BofA Securities, Credit Agricole Securities |
| FCAOT 2026-C | FCAOT 2026-B | FCAOT 2026-A | FCAOT 2025-C | FCAOT 2025-B | FCAOT 2025-A | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | — | 2026-06-23 | 2026-03-24 | 2025-11-25 | 2025-09-26 | 2025-03-25 |
| Pool balance | $1,386.3MM | $1,655.3MM | $1,489.0MM | $1,096.6MM | $1,645.7MM | $1,668.4MM |
| WA Credit Score | 753+1 | 752 | 754 | 752 | 752 | 755 |
| WA APR | 5.13%+0.06pp | 5.07% | 4.84% | 5.15% | 5.21% | 4.81% |
| WA original term mo | 66.4+0.5 | 66.4 mo | 65.8 mo | 65.9 mo | 66.0 mo | 64.8 mo |
| % new vehicles | 92.9% | 92.6% | 93.8% | 93.7% | 93.5% | 94.3% |
| Reserve % | 0.28% | 0.24% | 0.18% | 0.24% | 0.24% | 0.24% |
| Geo top-3 | TX 17.7% FL 8.9% CA 8.6% | 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% |
| Structure (at issuance) | ||||||
| AAA spread | — | +14 bps | +43 bps | +36 bps | +30 bps | +41 bps |
| AAA % of pool | — | 90.6% | 70.7% | 69.3% | 71.7% | 71.0% |
| Subordination below AAA | — | 4.8% | 4.8% | 4.8% | 4.8% | 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% |
| 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-C | NAROT 2026-B | WOART 2026-C | BMWOT 2026-A | HAROT 2026-3 | TAOT 2026-C | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | — | — | 2026-08-26 | 2026-08-19 | 2026-08-12 | 2026-07-21 |
| Pool balance | $1,386.3MM | $1,440.0MM | $1,084.4MM | $1,895.5MM | $2,159.3MM | $2,023.1MM |
| WA Credit Score | 753−18 | 784 | 758 | 784 | 770 | 771 |
| WA APR | 5.13%+0.19pp | 4.02% | 5.74% | 3.35% | 4.94% | 5.36% |
| WA original term mo | 66.4+0.9 | — | 69.0 mo | 65.1 mo | 62.7 mo | 66.0 mo |
| % new vehicles | 92.9% | 4.5% | 98.5% | 70.5% | 86.1% | 87.5% |
| Reserve % | 0.28% | 0.25% | 0.23% | 0.25% | 0.25% | 0.25% |
| Geo top-3 | TX 17.7% FL 8.9% CA 8.6% | TX 14.1% FL 7.5% CA 6.4% | FL 46.2% GA 18.6% NC 15.4% | CA 15.9% TX 13.2% FL 10.9% | CA 16.1% TX 10.0% NY 5.8% | CA 24.2% TX 16.3% IL 3.9% |
| Structure (at issuance) | ||||||
| AAA spread | — | — | +31 bps | +30 bps | +32 bps | +31 bps |
| AAA % of pool | — | 53.9% | 70.0% | 72.0% | 73.9% | 91.6% |
| Subordination below AAA | — | 2.2% | 4.2% | 0.0% | 0.0% | 2.3% |
| OC (initial) | 2.00% | 1.00% | — | 2.50% | — | 0.85% |
| OC target | 2.00% | 1.00% | 0.90% | 2.50% | — | 0.85% |
| OC floor | 2.00% | 1.00% | 0.50% | 2.50% | — | 0.85% |
| YSOC | — | 7.86% | 6.76% | 5.31% | 5.84% | 6.08% |
| Tranches | 7 | 7 | 7 | 5 | 5 | 6 |
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 (208 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.