| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | Moody's | Fitch |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 292.0 | 17.8% | 6.10% | 0.23 | 4.40% | +9 I-curve | 2026-01-16 | P-1 | F1+ |
| Class A-2-A | 340.1 | 20.7% | 6.10% | 1.02 | 4.44% | +33 I-curve | 2028-01-18 | Aaa | AAA |
| Class A-2-B | 214.1 | 13.0% | 6.10% | 1.02 | floating | +33 SOFR | 2028-01-18 | Aaa | AAA |
| Class A-3 | 554.1 | 33.7% | 6.10% | 2.42 | 4.62% | +38 I-curve | 2029-12-17 | Aaa | AAA |
| Class A-4 | 99.9 | 6.1% | 6.10% | 3.57 | 4.73% | +43 I-curve | 2030-08-16 | Aaa | AAA |
| Class B | 25.5 | 1.5% | 4.50% | 3.59 | 5.00% | +70 I-curve | 2030-08-16 | Aa2 | AA |
| Class Cretained | 23.9 | 1.5% | 3.00% | 1.50 | — | — | — | A2 | A |
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 | Credit Agricole Securities, Deutsche Bank Securities, J.P. Morgan Securities, Morgan Stanley, TD Securities, Academy Securities |
| GMCAR 2025-1 | GMCAR 2024-4 | GMCAR 2024-3 | GMCAR 2024-2 | GMCAR 2024-1 | GMCAR 2023-4 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2025-01-15 | 2024-10-16 | 2024-07-10 | 2024-04-10 | 2024-01-17 | 2023-10-11 | 424B5 |
| Pool balance | $1,644.9MM | $1,346.6MM | $1,420.3MM | $1,654.1MM | $1,657.3MM | $1,623.3MM | 424B5 |
| WA Credit Score | 781−2 | 782 | 783 | 784 | 783 | 783 | 424B5 |
| WA APR | 7.03%+0.80pp | 6.73% | 6.52% | 6.23% | 5.96% | 5.53% | 424B5 |
| WA original term mo | 13.0−56.0 | 69.0 mo | 69.0 mo | 68.0 mo | 69.0 mo | 70.0 mo | 424B5 |
| % new vehicles | 87.9% | 87.7% | 87.7% | 87.7% | — | — | 424B5 |
| Geo top-3 | TX 13.9% FL 7.0% MI 5.6% | TX 15.3% FL 7.2% MI 5.3% | 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% | 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 | 6.10% | 6.60% | 6.60% | 6.60% | 6.60% | 6.60% | calc |
| Subordinate notes | 3.1%−1.3pp | 4.4% | 4.3% | 4.4% | 4.4% | 4.4% | calc |
| OC (initial) | 2.75% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 424B5 |
| OC target | 2.75% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 424B5 |
| OC floor | 2.75% | 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 | 3.13% | 3.04% | 4.40% | 5.27% | 5.45% | 6.45% | 424B5 |
| Pricing | |||||||
| AAA spread | +38 bps−17bps A-3 · 2.4y | +53 bps A-3 · 2.5y | +54 bps A-3 · 2.4y | +57 bps A-3 · 2.5y | — | +82 bps A-3 · 2.5y | FWP |
| Terms | |||||||
| Tranches | 7 | 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 2025-1 | VALET 2024-1 | FCAOT 2024-D | HAROT 2024-4 | NAROT 2024-B | TAOT 2024-D | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2025-01-15 | 2024-11-26 | 2024-11-22 | 2024-10-24 | 2024-10-23 | 2024-10-17 | 424B5 |
| Pool balance | $1,644.9MM | $1,749.4MM | $1,683.4MM | $2,159.2MM | $1,397.8MM | $1,841.9MM | 424B5 |
| WA Credit Score | 781+11 | 774 | 754 | 768 | 783 | 770 | 424B5 |
| WA APR | 7.03%+2.24pp | 4.67% | 4.79% | 4.88% | 4.63% | 5.96% | 424B5 |
| WA original term mo | 13.0−51.9 | — | 64.9 mo | 61.2 mo | — | 65.4 mo | 424B5 |
| % new vehicles | 87.9% | 80.0% | 94.2% | 86.2% | 10.0% | 90.0% | 424B5 |
| Geo top-3 | TX 13.9% FL 7.0% MI 5.6% | TX 13.9% CA 10.6% FL 8.3% | TX 16.1% CA 8.6% FL 8.5% | CA 17.5% TX 9.9% FL 6.9% | TX 17.1% FL 8.8% CA 6.2% | TX 17.3% CA 15.6% PA 4.5% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 6.10%+1.85pp | 4.25% | 5.25% | 2.75% | 4.25% | 2.75% | calc |
| Enhancement, target | 6.10% | — | 7.25% | — | 4.25% | 3.60% | calc |
| Subordinate notes | 3.1%+3.1pp | 0.0% | 5.0% | 0.0% | 0.0% | 2.5% | calc |
| OC (initial) | 2.75% | 4.00% | 0.00% | 2.50% | 4.00% | 0.00% | 424B5 |
| OC target | 2.75% | — | 2.00% | — | 4.00% | 0.85% | 424B5 |
| OC floor | 2.75% | — | 2.00% | — | 4.00% | 0.85% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 3.13% | 10.68% | 6.20% | n.a. | 6.85% | 4.99% | 424B5 |
| Pricing | |||||||
| AAA spread | +38 bps−9bps A-3 · 2.4y | — | +41 bps A-3 · 2.4y | +48 bps A-3 · 2.3y | +47 bps A-3 · 2.2y | +51 bps A-3 · 2.5y | FWP |
| Terms | |||||||
| Tranches | 7 | 5 | 7 | 4 | 5 | 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 (169 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.