| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | S&P | Moody's |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 292.8 | 17.7% | 6.10% | 0.24 | 5.49% | +13 I-curve | 2025-04-16 | A-1+ | P-1 |
| Class A-2-A | 287.7 | 17.4% | 6.10% | 1.04 | 5.33% | — | 2027-03-16 | AAA | Aaa |
| Class A-2-B | 260.0 | 15.7% | 6.10% | 1.04 | floating | +39 SOFR | 2027-03-16 | AAA | Aaa |
| Class A-3 | 547.7 | 33.1% | 6.10% | 2.46 | 5.10% | +57 I-curve | 2029-03-16 | AAA | Aaa |
| Class A-4 | 87.2 | 5.3% | 6.10% | 3.59 | 5.04% | +65 I-curve | 2029-09-17 | AAA | Aaa |
| Class B | 25.1 | 1.5% | 4.50% | 3.60 | 5.28% | +90 I-curve | 2029-10-16 | AA | Aa2 |
| Class C | 23.5 | 1.4% | 3.00% | 3.60 | 5.43% | — | 2029-12-17 | A | A2 |
| Class Dretained | 19.6 | 1.2% | 1.75% | — | — | — | — | — | — |
Enhancement: subordinate notes, overcollateralization and reserve beneath the class, as a share of the pool net of any yield supplement (the adjusted pool, as the issuers and rating agencies measure it); the Class A notes share losses pari passu, so each carries the same figure. Spread: basis points over the benchmark named beside it, from the pricing term sheet — the interpolated curve for fixed-rate classes, 30-day average SOFR for floaters; the two are not comparable. A class marked retained was kept by the depositor, as the prospectus states.
| Sponsor | AmeriCredit Financial Services, Inc. |
|---|---|
| Servicer | AmeriCredit Financial Services, Inc. |
| Depositor / Transferor | AFS SenSub Corp. |
| Indenture Trustee | — |
| Owner Trustee | Wilmington Trust Company |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | BNP Paribas Securities, Lloyds Securities, Wells Fargo Securities, Goldman Sachs, MUFG Securities Americas, Scotia Capital |
| GMCAR 2024-2 | GMCAR 2024-1 | GMCAR 2023-4 | GMCAR 2023-3 | GMCAR 2023-2 | GMCAR 2023-1 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2024-04-10 | 2024-01-17 | 2023-10-11 | 2023-07-19 | 2023-04-12 | 2023-01-18 | 424B5 |
| Pool balance | $1,654.1MM | $1,657.3MM | $1,623.3MM | $1,682.7MM | $1,701.7MM | $1,719.2MM | 424B5 |
| WA Credit Score | 784+1 | 783 | 783 | 782 | 783 | 781 | 424B5 |
| WA APR | 6.23%+1.04pp | 5.96% | 5.53% | 5.19% | 4.69% | 4.18% | 424B5 |
| WA original term mo | 68.0−1.0 | 69.0 mo | 70.0 mo | 70.0 mo | 69.0 mo | 69.0 mo | 424B5 |
| % new vehicles | 87.7% | — | — | — | — | — | 424B5 |
| Geo top-3 | TX 14.4% FL 7.1% NY 5.3% | TX 14.0% FL 7.3% CA 5.4% | TX 14.2% FL 7.4% CA 6.0% | TX 14.2% FL 7.9% CA 6.4% | TX 14.0% FL 8.3% CA 6.9% | TX 14.8% CA 7.7% NY 5.7% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 6.10%0.00pp | 6.10% | 6.10% | 6.10% | 6.10% | 6.10% | calc |
| Enhancement, target | 6.60% | 6.60% | 6.60% | 6.60% | 6.60% | 6.60% | calc |
| Subordinate notes | 4.4%0.0pp | 4.4% | 4.4% | 4.4% | 4.4% | 4.4% | calc |
| OC (initial) | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 424B5 |
| OC target | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 424B5 |
| OC floor | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 5.27% | 5.45% | 6.45% | 6.89% | 7.93% | 8.86% | 424B5 |
| Pricing | |||||||
| AAA spread | +57 bps−23bps A-3 · 2.5y | — | +82 bps A-3 · 2.5y | — | +80 bps A-3 · 2.5y | +65 bps A-3 · 2.5y | FWP |
| Terms | |||||||
| Tranches | 8 | 8 | 8 | 8 | 8 | 8 | FWP |
Enhancement: subordinate notes, overcollateralization and the reserve account as a share of the cutoff-date pool — the losses the pool can absorb before the AAA term notes are touched. AAA spread: the pricing spread over the interpolated curve for the fixed-rate AAA class whose weighted-average life is nearest two years, with that class and its WAL shown; floating-rate classes are never used. Source: 424B5 = final prospectus, FWP = pricing term sheet, calc = derived from the above. Deltas are against the peer median; green means more protection, or a cheaper price for it, for the noteholder.
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.
| GMCAR 2024-2 | HART 2024-A | FCAOT 2024-A | HAROT 2024-1 | WOART 2024-A | TAOT 2024-A | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2024-04-10 | 2024-03-20 | 2024-03-19 | 2024-02-21 | 2024-02-14 | 2024-01-30 | 424B5 |
| Pool balance | $1,654.1MM | $1,812.8MM | $1,696.7MM | $2,159.2MM | $1,343.7MM | $1,908.5MM | 424B5 |
| WA Credit Score | 784+18 | 766 | 756 | 768 | 757 | 767 | 424B5 |
| WA APR | 6.23%+0.86pp | 5.70% | 4.79% | 4.59% | 6.54% | 5.37% | 424B5 |
| WA original term mo | 68.0+2.0 | 66.6 mo | 63.7 mo | 62.2 mo | 67.6 mo | 66.0 mo | 424B5 |
| % new vehicles | 87.7% | 95.8% | 92.5% | 86.1% | 95.6% | 84.2% | 424B5 |
| Geo top-3 | TX 14.4% FL 7.1% NY 5.3% | TX 12.9% FL 11.5% CA 6.4% | TX 16.0% CA 9.1% FL 8.6% | NJ 4.9% MA 4.9% CA 4.8% | FL 47.9% GA 18.3% NC 15.8% | CA 23.9% TX 15.3% IL 4.6% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 6.10%+1.10pp | 7.55% | 5.25% | 2.75% | 5.00% | 2.75% | calc |
| Enhancement, target | 6.60% | 8.05% | 7.25% | — | 5.90% | 3.60% | calc |
| Subordinate notes | 4.4%−0.1pp | 4.8% | 5.0% | 0.0% | 4.5% | 2.5% | calc |
| OC (initial) | 1.50% | 2.50% | 0.00% | 2.50% | 0.25% | 0.00% | 424B5 |
| OC target | 2.00% | 3.00% | 2.00% | — | 1.15% | 0.85% | 424B5 |
| OC floor | 2.00% | 3.00% | 2.00% | — | 0.50% | 0.85% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 5.27% | 6.82% | 6.94% | n.a. | 8.53% | 8.30% | 424B5 |
| Pricing | |||||||
| AAA spread | +57 bps−6bps A-3 · 2.5y | +63 bps A-3 · 2.5y | +57 bps A-3 · 2.4y | +66 bps A-3 · 2.3y | +65 bps A-3 · 2.6y | +60 bps A-3 · 2.4y | FWP |
| Terms | |||||||
| Tranches | 8 | 7 | 7 | 4 | 7 | 6 | FWP |
Enhancement: subordinate notes, overcollateralization and the reserve account as a share of the cutoff-date pool — the losses the pool can absorb before the AAA term notes are touched. AAA spread: the pricing spread over the interpolated curve for the fixed-rate AAA class whose weighted-average life is nearest two years, with that class and its WAL shown; floating-rate classes are never used. Source: 424B5 = final prospectus, FWP = pricing term sheet, calc = derived from the above. Deltas are against the peer median; green means more protection, or a cheaper price for it, for the noteholder.
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 (148 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.
AmeriCredit Financial Services, Inc. — ticker GMCAR.
Peer tier: prime.
Open the performance page ↗ for
FICO sub-band and new/used stratification.