| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | S&P | Moody's |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 265.0 | 18.7% | 6.10% | 0.25 | 5.50% | +12 I-curve | 2025-07-16 | A-1+ | P-1 |
| Class A-2-A | 250.0 | 17.6% | 6.10% | 1.05 | 5.35% | — | 2027-06-16 | AAA | Aaa |
| Class A-2-B | 216.4 | 15.2% | 6.10% | 1.05 | floating | +36 SOFR | 2027-06-16 | AAA | Aaa |
| Class A-3 | 466.4 | 32.8% | 6.10% | 2.41 | 5.13% | +54 I-curve | 2029-04-16 | AAA | Aaa |
| Class A-4 | 80.7 | 5.7% | 6.10% | 3.56 | 5.09% | +64 I-curve | 2029-11-16 | AAA | Aaa |
| Class B | 21.7 | 1.5% | 4.50% | 1.05 | 5.39% | +36 SOFR | 2030-01-16 | AA | Aa2 |
| Class C | 20.4 | 1.4% | 3.00% | — | 5.48% | — | 2030-02-16 | A | A2 |
| Class Dretained | 17.0 | 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 | BofA Securities, J.P. Morgan Securities, RBC Capital Markets, TD Securities, Academy Securities, BMO Capital Markets |
| GMCAR 2024-3 | GMCAR 2024-2 | GMCAR 2024-1 | GMCAR 2023-4 | GMCAR 2023-3 | GMCAR 2023-2 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2024-07-10 | 2024-04-10 | 2024-01-17 | 2023-10-11 | 2023-07-19 | 2023-04-12 | 424B5 |
| Pool balance | $1,420.3MM | $1,654.1MM | $1,657.3MM | $1,623.3MM | $1,682.7MM | $1,701.7MM | 424B5 |
| WA Credit Score | 7830 | 784 | 783 | 783 | 782 | 783 | 424B5 |
| WA APR | 6.52%+0.99pp | 6.23% | 5.96% | 5.53% | 5.19% | 4.69% | 424B5 |
| WA original term mo | 69.00.0 | 68.0 mo | 69.0 mo | 70.0 mo | 70.0 mo | 69.0 mo | 424B5 |
| % new vehicles | 87.7% | 87.7% | — | — | — | — | 424B5 |
| Geo top-3 | TX 14.5% FL 7.5% MI 5.2% | 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% | 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 | 4.3%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 | 4.40% | 5.27% | 5.45% | 6.45% | 6.89% | 7.93% | 424B5 |
| Pricing | |||||||
| AAA spread | +54 bps−26bps A-3 · 2.4y | +57 bps A-3 · 2.5y | — | +82 bps A-3 · 2.5y | — | +80 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 2024-3 | FCAOT 2024-B | BMWOT 2024-A | NAROT 2024-A | WOART 2024-B | HAROT 2024-2 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2024-07-10 | 2024-06-24 | 2024-06-11 | 2024-05-22 | 2024-05-22 | 2024-05-21 | 424B5 |
| Pool balance | $1,420.3MM | $1,999.5MM | $1,910.0MM | $1,424.1MM | $1,335.1MM | $2,159.3MM | 424B5 |
| WA Credit Score | 783+14 | 755 | 789 | 780 | 757 | 769 | 424B5 |
| WA APR | 6.52%+1.71pp | 4.65% | 5.35% | 4.81% | 7.32% | 4.74% | 424B5 |
| WA original term mo | 69.0+4.8 | 64.8 mo | 63.6 mo | — | 68.3 mo | 63.2 mo | 424B5 |
| % new vehicles | 87.7% | 93.6% | 68.2% | 10.5% | 95.3% | 86.0% | 424B5 |
| Geo top-3 | TX 14.5% FL 7.5% MI 5.2% | TX 16.0% CA 8.5% FL 8.4% | CA 16.7% TX 13.2% FL 11.0% | TX 17.8% FL 9.5% CA 6.6% | FL 43.8% GA 19.9% NC 16.8% | CA 16.6% TX 9.9% MD 6.1% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 6.10%+1.85pp | 5.25% | 2.75% | 4.25% | 4.75% | 2.75% | calc |
| Enhancement, target | 6.60% | 7.25% | 2.75% | 4.25% | 5.65% | — | calc |
| Subordinate notes | 4.3%+4.3pp | 5.0% | 0.0% | 0.0% | 4.5% | 0.0% | calc |
| OC (initial) | 1.50% | 0.00% | 2.50% | 4.00% | 0.00% | 2.50% | 424B5 |
| OC target | 2.00% | 2.00% | 2.50% | 4.00% | 0.90% | — | 424B5 |
| OC floor | 2.00% | 2.00% | 2.50% | 4.00% | 0.50% | — | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 4.40% | 7.87% | 6.03% | 8.57% | 7.70% | n.a. | 424B5 |
| Pricing | |||||||
| AAA spread | +54 bps−4bps A-3 · 2.4y | +56 bps A-3 · 2.4y | +54 bps A-3 · 2.3y | +58 bps A-3 · 2.3y | +65 bps A-3 · 2.7y | +58 bps A-3 · 2.3y | FWP |
| Terms | |||||||
| Tranches | 8 | 7 | 5 | 5 | 7 | 4 | 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 (154 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.