| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 188.7 | 11.4% | 73.2% | 5.53% fxd | 0.28 | 2025-05-20 | A-1+ | F1+ |
| Class A-2-A | 294.5 | 17.8% | 55.4% | 5.43% fxd | 1.16 | 2026-09-21 | AAA | AAA |
| Class A-2-B | 220.0 | 13.3% | 42.1% | +42 bps SOFR | 1.16 | 2026-09-21 | AAA | AAA |
| Class A-3 | 465.5 | 28.1% | 14.0% | 5.39% fxd | 1.97 | 2027-07-20 | AAA | AAA |
| Class A-4 | 65.5 | 4.0% | 10.0% | 5.36% fxd | 2.37 | 2028-05-22 | AAA | AAA |
| Class B | 66.2 | 4.0% | 6.0% | 5.56% fxd | 2.48 | 2028-05-22 | AA | AA |
| Class C | 61.7 | 3.7% | 2.3% | — | — | — | — | — |
| Class D | 38.0 | 2.3% | 0.0% | — | — | — | — | — |
| Sponsor | GM Financial |
|---|---|
| Servicer | AmeriCredit Financial Services, Inc. |
| Depositor / Transferor | GMF Leasing LLC |
| Indenture Trustee | Wilmington Trust Company |
| Owner Trustee | Wilmington Trust Company |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | BMO Capital Markets, BofA Securities, Deutsche Bank Securities, Goldman Sachs, RBC Capital Markets, BNP Paribas Securities |
| GMALT 2024-2 | GMALT 2024-1 | GMALT 2023-3 | GMALT 2023-2 | GMALT 2023-1 | GMALT 2021-3 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-05-16 | 2024-02-15 | 2023-08-16 | 2023-05-17 | 2023-02-16 | 2021-08-18 |
| Pool balance | $1,654.1MM | — | — | — | — | — |
| WA Lessee Credit Score | 781+1 | 781 | 780 | 780 | 778 | 776 |
| WA original term mo | 35.0−2.0 | 36.0 mo | 36.0 mo | 37.0 mo | 37.0 mo | 37.0 mo |
| WA Residual % MSRP | 53.1% | 62.0% | 61.1% | 62.0% | 63.2% | 64.2% |
| ALG-marked residuals | 96.0% | — | — | — | — | — |
| WA Securitization Value | $29,527 | $31,305 | $29,254 | — | $29,579,698 | $28,436,848 |
| Top-3 model concentration | 38.5% | — | — | — | — | — |
| Geo top-3 | MI 29.3% NY 16.1% FL 8.5% | 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% |
| Structure (at issuance) | ||||||
| AAA spread | +42 bps−8bps | +45 bps | +45 bps | +82 bps | +55 bps | — |
| AAA % of pool | 63.2%−10.4pp | 78.5% | 73.8% | 73.3% | 73.6% | 73.2% |
| Initial OC | 8.00% | — | — | — | — | — |
| Target OC | 10.50% | — | — | — | — | — |
| Subordination below AAA | 10.0%−1.8pp | 5.1% | 11.9% | 11.8% | 11.8% | 10.8% |
| Total Hard CE (Initial) | 19.37% | — | — | — | — | — |
| Total Hard CE (Target) | 21.87% | — | — | — | — | — |
| Discount rate | 9.50% | — | — | — | — | — |
| Tranches | 8 | 6 | 8 | 8 | 8 | 7 |
| GMALT 2024-2 | WOALT 2024-A | |
|---|---|---|
| Collateral (pool at cut-off) | ||
| Closing date | 2024-05-16 | 2024-04-17 |
| Pool balance | $1,654.1MM | — |
| WA Lessee Credit Score | 781 | 747 |
| WA original term mo | 35.0 | 38.3 mo |
| WA Residual % MSRP | 53.1% | 54.5% |
| ALG-marked residuals | 96.0% | — |
| WA Securitization Value | $29,527 | $991,177,615 |
| Top-3 model concentration | 38.5% | — |
| Geo top-3 | MI 29.3% NY 16.1% FL 8.5% | FL 62.5% NC 15.7% GA 7.7% |
| Structure (at issuance) | ||
| AAA spread | +42 bps | +43 bps |
| AAA % of pool | 63.2% | 81.8% |
| Initial OC | 8.00% | — |
| Target OC | 10.50% | — |
| Subordination below AAA | 10.0% | 5.4% |
| Total Hard CE (Initial) | 19.37% | — |
| Total Hard CE (Target) | 21.87% | — |
| Discount rate | 9.50% | — |
| Tranches | 8 | 6 |
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
| Latest CRR | 102.38% |
|---|---|
| Realized G/L (% of scheduled) | 2.38% |
| Returned vehicles to date | 10,996 |
CRR = realized residual ÷ scheduled residual on returned vehicles. >100% = pool recovered above booked residuals.