| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 174.7 | 17.9% | 75.9% | 4.48% fxd | 0.24 | 2026-07-16 | A-1+ | F1+ |
| Class A-2-A | 205.5 | 21.1% | 54.8% | 4.32% fxd | 1.05 | 2028-06-16 | AAA | AAA |
| Class A-2-B | 122.0 | 12.5% | 42.3% | +30 bps SOFR | 1.05 | 2028-06-16 | AAA | AAA |
| Class A-3 | 327.5 | 33.6% | 8.7% | 4.18% fxd | 2.47 | 2030-08-16 | AAA | AAA |
| Class A-4 | 55.3 | 5.7% | 3.0% | 4.30% fxd | 3.65 | 2031-09-16 | AAA | AAA |
| Class B | 15.0 | 1.5% | 1.4% | 4.53% fxd | 3.67 | 2031-09-16 | AA | AA |
| Class C | 14.1 | 1.4% | 0.0% | 4.73% fxd | 3.67 | 2033-01-18 | A | A |
| 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, Wells Fargo Securities, Credit Agricole Securities, Scotia Capital, SMBC Nikko Securities, Citigroup Global Markets |
| GMCAR 2025-3 | GMCAR 2025-2 | GMCAR 2025-1 | GMCAR 2024-4 | GMCAR 2024-3 | GMCAR 2024-2 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2025-07-16 | 2025-05-14 | 2025-01-15 | 2024-10-16 | 2024-07-10 | 2024-04-10 |
| Pool balance | $974.1MM | $984.2MM | $1,644.9MM | $1,346.6MM | $1,420.3MM | $1,654.1MM |
| WA Credit Score | 783+1 | 782 | 781 | 782 | 783 | 784 |
| WA APR | 5.70%−0.12pp | 5.82% | 6.08% | 5.83% | 5.69% | 5.46% |
| WA original term mo | 69.00.0 | 69.0 mo | 13.0 mo | 69.0 mo | 69.0 mo | 68.0 mo |
| % new vehicles | 87.9% | 87.9% | 87.9% | 87.7% | 87.7% | 87.7% |
| Reserve % | 0.25% | 0.24% | 0.24% | 0.24% | 0.24% | 0.24% |
| Geo top-3 | TX 13.7% FL 7.4% CA 6.4% | 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% |
| Structure (at issuance) | ||||||
| AAA spread | +30 bps−9bps | +45 bps | +33 bps | +40 bps | +36 bps | +39 bps |
| AAA % of pool | 72.9%+0.1pp | 73.0% | 73.4% | 72.8% | 71.4% | 71.5% |
| Subordination below AAA | 3.0%+0.0pp | 3.0% | 3.0% | 1.6% | 3.0% | 2.9% |
| OC (initial) | 2.75% | 2.75% | 2.75% | 1.50% | 1.50% | 1.50% |
| OC target | 2.75% | 2.75% | 2.75% | 2.00% | 2.00% | 2.00% |
| OC floor | 2.75% | 2.75% | 2.75% | 2.00% | 2.00% | 2.00% |
| YSOC | 3.50% | 2.86% | 3.13% | 3.04% | 4.40% | 5.27% |
| Tranches | 7 | 7 | 7 | 6 | 7 | 7 |
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 2025-3 | HART 2025-B | NAROT 2025-A | WOART 2025-B | HAROT 2025-2 | TAOT 2025-B | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2025-07-16 | 2025-06-11 | 2025-05-27 | 2025-05-14 | 2025-05-08 | 2025-04-30 |
| Pool balance | $974.1MM | $2,188.2MM | $1,668.5MM | $1,281.8MM | $2,483.1MM | $1,988.8MM |
| WA Credit Score | 783+14 | 770 | 789 | 756 | 769 | 769 |
| WA APR | 5.70%−0.25pp | 5.95% | 4.46% | 6.49% | 4.89% | 6.05% |
| WA original term mo | 69.0+2.4 | 67.5 mo | — | 67.9 mo | 62.1 mo | 65.7 mo |
| % new vehicles | 87.9% | 97.5% | 6.9% | 96.4% | 86.1% | 88.0% |
| Reserve % | 0.25% | 0.25% | 0.25% | 0.24% | 0.25% | 0.25% |
| Geo top-3 | TX 13.7% FL 7.4% CA 6.4% | CA 14.3% TX 11.9% FL 9.3% | TX 14.8% FL 7.3% CA 6.7% | 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% |
| Structure (at issuance) | ||||||
| AAA spread | +30 bps−17bps | — | +45 bps | +47 bps | +48 bps | +54 bps |
| AAA % of pool | 72.9%+2.8pp | 56.0% | 68.0% | 70.1% | 72.8% | 71.7% |
| Subordination below AAA | 3.0%+0.6pp | 4.6% | 1.4% | 4.3% | 0.0% | 2.4% |
| OC (initial) | 2.75% | 3.00% | 2.50% | — | — | 0.85% |
| OC target | 2.75% | 3.00% | 2.50% | 0.90% | — | 0.85% |
| OC floor | 2.75% | 3.00% | 2.50% | 0.50% | — | 0.85% |
| YSOC | 3.50% | 5.22% | 7.79% | 5.38% | 5.43% | 4.46% |
| Tranches | 7 | 7 | 6 | 7 | 5 | 6 |
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 (180 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 in Explorer ↗ for
FICO sub-band and new/used stratification.