| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 246.1 | 16.4% | 83.6% | 5.51% fxd | 0.29 | 2025-02-20 | A-1+ | F1+ |
| Class A-2-A | 275.6 | 18.4% | 65.2% | 5.18% fxd | 1.12 | 2026-06-22 | AAA | AAA |
| Class A-2-B | 275.6 | 18.4% | 46.9% | +45 bps SOFR | 1.12 | 2026-06-22 | AAA | AAA |
| Class A-3 | 551.3 | 36.7% | 10.1% | 5.09% fxd | 1.97 | 2027-03-22 | AAA | AAA |
| Class A-4 | 75.2 | 5.0% | 5.1% | 5.09% fxd | 2.37 | 2028-02-22 | AAA | AAA |
| Class B | 76.4 | 5.1% | 0.0% | 5.33% fxd | 2.47 | 2028-03-20 | AA | AA |
| Sponsor | GM Financial |
|---|---|
| Servicer | GM Financial |
| Depositor / Transferor | GMF Leasing LLC |
| Indenture Trustee | — |
| Owner Trustee | Wilmington Trust Company—also referred to herein as the “owner trustee”—is a Delaware |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | BMO Capital Markets, J.P. Morgan Securities, Credit Agricole Securities, Drexel Hamilton, Goldman Sachs, Citigroup Global Markets |
| GMALT 2024-1 | GMALT 2023-3 | GMALT 2023-2 | GMALT 2023-1 | GMALT 2021-3 | GMALT 2021-2 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-02-15 | 2023-08-16 | 2023-05-17 | 2023-02-16 | 2021-08-18 | 2021-05-26 |
| Pool balance | — | — | — | — | — | — |
| WA Lessee Credit Score | 781+3 | 780 | 780 | 778 | 776 | 776 |
| WA original term mo | 36.0−1.0 | 36.0 mo | 37.0 mo | 37.0 mo | 37.0 mo | 38.0 mo |
| WA Residual % MSRP | 62.0% | 61.1% | 62.0% | 63.2% | 64.2% | 64.2% |
| ALG-marked residuals | — | — | — | — | — | — |
| WA Securitization Value | $31,305 | $29,254 | — | $29,579,698 | $28,436,848 | $26,907 |
| Top-3 model concentration | — | — | — | — | — | — |
| Geo top-3 | MI 31.2% NY 15.1% FL 7.2% | MI 29.2% NY 16.4% FL 8.5% | MI 29.5% NY 15.8% FL 9.2% | MI 29.2% NY 16.8% OH 8.7% | MI 28.1% NY 15.5% OH 8.0% | MI 26.6% NY 15.4% FL 8.0% |
| Structure (at issuance) | ||||||
| AAA spread | +45 bps−10bps | +45 bps | +82 bps | +55 bps | — | — |
| AAA % of pool | 78.5%+5.2pp | 73.8% | 73.3% | 73.6% | 73.2% | 71.3% |
| Initial OC | — | — | — | — | — | — |
| Target OC | — | — | — | — | — | — |
| Subordination below AAA | 5.1%−6.8pp | 11.9% | 11.8% | 11.8% | 10.8% | 11.9% |
| Total Hard CE (Initial) | — | — | — | — | — | — |
| Total Hard CE (Target) | — | — | — | — | — | — |
| Discount rate | — | — | — | — | — | — |
| Tranches | 6 | 8 | 8 | 8 | 7 | 7 |
| GMALT 2024-1 | WOALT 2023-A | |
|---|---|---|
| Collateral (pool at cut-off) | ||
| Closing date | 2024-02-15 | 2023-05-24 |
| Pool balance | — | — |
| WA Lessee Credit Score | 781 | 749 |
| WA original term mo | 36.0 | 38.8 mo |
| WA Residual % MSRP | 62.0% | 59.2% |
| ALG-marked residuals | — | — |
| WA Securitization Value | $31,305 | $116,015 |
| Top-3 model concentration | — | — |
| Geo top-3 | MI 31.2% NY 15.1% FL 7.2% | FL 63.3% NC 15.9% SC 8.2% |
| Structure (at issuance) | ||
| AAA spread | +45 bps | +76 bps |
| AAA % of pool | 78.5% | 84.7% |
| Initial OC | — | — |
| Target OC | — | — |
| Subordination below AAA | 5.1% | 4.4% |
| Total Hard CE (Initial) | — | — |
| Total Hard CE (Target) | — | — |
| Discount rate | — | — |
| Tranches | 6 | 6 |
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
| Latest CRR | 103.03% |
|---|---|
| Realized G/L (% of scheduled) | 3.03% |
| Returned vehicles to date | 13,396 |
CRR = realized residual ÷ scheduled residual on returned vehicles. >100% = pool recovered above booked residuals.