| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | S&P | Moody's |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 181.2 | 18.4% | 6.10% | 0.19 | 4.46% | +15 I-curve | 2026-05-18 | A-1+ | P-1 |
| Class A-2A | 168.5 | 17.1% | 6.10% | 0.96 | 4.40% | +45 I-curve | 2028-02-16 | AAA | Aaa |
| Class A-2B | 168.5 | 17.1% | 6.10% | 0.96 | floating | +45 SOFR | 2028-02-16 | AAA | Aaa |
| Class A-3 | 337.0 | 34.2% | 6.10% | 2.37 | 4.28% | +53 I-curve | 2030-04-16 | AAA | Aaa |
| Class A-4 | 44.9 | 4.6% | 6.10% | 3.50 | 4.42% | +65 I-curve | 2031-05-16 | AAA | Aaa |
| Class B | 15.3 | 1.6% | 4.50% | 3.51 | 4.62% | +85 I-curve | 2031-05-16 | AA | Aa2 |
| Class C | 14.3 | 1.5% | 3.00% | 3.51 | 4.91% | +115 I-curve | 2032-10-18 | A | A2 |
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, National Association |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | BofA Securities, J.P. Morgan Securities, TD Securities, Wells Fargo Securities, RBC Capital Markets, Scotia Capital |
| GMCAR 2025-2 | GMCAR 2025-1 | GMCAR 2024-4 | GMCAR 2024-3 | GMCAR 2024-2 | GMCAR 2024-1 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2025-05-14 | 2025-01-15 | 2024-10-16 | 2024-07-10 | 2024-04-10 | 2024-01-17 | 424B5 |
| Pool balance | $984.2MM | $1,644.9MM | $1,346.6MM | $1,420.3MM | $1,654.1MM | $1,657.3MM | 424B5 |
| WA Credit Score | 782−1 | 781 | 782 | 783 | 784 | 783 | 424B5 |
| WA APR | 6.75%+0.23pp | 7.03% | 6.73% | 6.52% | 6.23% | 5.96% | 424B5 |
| WA original term mo | 69.00.0 | 13.0 mo | 69.0 mo | 69.0 mo | 68.0 mo | 69.0 mo | 424B5 |
| % new vehicles | 87.9% | 87.9% | 87.7% | 87.7% | 87.7% | — | 424B5 |
| Geo top-3 | TX 12.2% FL 7.7% NY 6.2% | 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% | 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% | 6.10% | 6.60% | 6.60% | 6.60% | 6.60% | calc |
| Subordinate notes | 3.1%−1.3pp | 3.1% | 4.4% | 4.3% | 4.4% | 4.4% | calc |
| OC (initial) | 2.75% | 2.75% | 1.50% | 1.50% | 1.50% | 1.50% | 424B5 |
| OC target | 2.75% | 2.75% | 2.00% | 2.00% | 2.00% | 2.00% | 424B5 |
| OC floor | 2.75% | 2.75% | 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 | 2.86% | 3.13% | 3.04% | 4.40% | 5.27% | 5.45% | 424B5 |
| Pricing | |||||||
| AAA spread | +53 bps0bps A-3 · 2.4y | +38 bps A-3 · 2.4y | +53 bps A-3 · 2.5y | +54 bps A-3 · 2.4y | +57 bps A-3 · 2.5y | — | FWP |
| Terms | |||||||
| Tranches | 7 | 7 | 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 2025-2 | WOART 2025-B | HAROT 2025-2 | TAOT 2025-B | FCAOT 2025-A | VALET 2025-1 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2025-05-14 | 2025-05-14 | 2025-05-08 | 2025-04-30 | 2025-03-25 | 2025-03-25 | 424B5 |
| Pool balance | $984.2MM | $1,281.8MM | $2,483.1MM | $1,988.8MM | $1,668.4MM | $1,427.5MM | 424B5 |
| WA Credit Score | 782+13 | 756 | 769 | 769 | 755 | 772 | 424B5 |
| WA APR | 6.75%+1.32pp | 6.49% | 4.89% | 6.05% | 4.80% | 5.43% | 424B5 |
| WA original term mo | 69.0+3.7 | 67.9 mo | 62.1 mo | 65.7 mo | 64.8 mo | — | 424B5 |
| % new vehicles | 87.9% | 96.4% | 86.1% | 88.0% | 94.3% | 79.0% | 424B5 |
| Geo top-3 | TX 12.2% FL 7.7% NY 6.2% | FL 47.7% GA 18.7% NC 15.4% | CA 16.9% TX 9.9% FL 6.2% | CA 20.9% TX 16.8% IL 4.0% | TX 15.6% CA 8.9% FL 8.8% | TX 16.3% FL 8.5% CA 7.8% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 6.10%+1.85pp | 4.75% | 2.75% | 2.75% | 5.25% | 4.25% | calc |
| Enhancement, target | 6.10% | 5.65% | — | 3.60% | 7.25% | — | calc |
| Subordinate notes | 3.1%+0.6pp | 4.5% | 0.0% | 2.5% | 5.0% | 0.0% | calc |
| OC (initial) | 2.75% | 0.00% | 2.50% | 0.00% | 0.00% | 4.00% | 424B5 |
| OC target | 2.75% | 0.90% | — | 0.85% | 2.00% | — | 424B5 |
| OC floor | 2.75% | 0.50% | — | 0.85% | 2.00% | — | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 2.86% | 5.38% | n.a. | 4.46% | 5.36% | 8.78% | 424B5 |
| Pricing | |||||||
| AAA spread | +53 bps−1bps A-3 · 2.4y | +61 bps A-3 · 2.7y | +54 bps A-3 · 2.4y | +57 bps A-3 · 2.5y | +48 bps A-3 · 2.3y | +52 bps A-3 · 2.4y | FWP |
| Terms | |||||||
| Tranches | 7 | 7 | 5 | 6 | 7 | 5 | 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 (174 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.