| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | S&P | Moody's |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 152.0 | 16.0% | 6.10% | 0.19 | 3.99% | +11 I-curve | 2026-11-16 | A-1+ | P-1 |
| Class A-2-A | 229.2 | 24.1% | 6.10% | 1.04 | 3.88% | — | 2028-12-18 | AAA | Aaa |
| Class A-2-B | 100.0 | 10.5% | 6.10% | 1.04 | floating | +32 SOFR | 2028-12-18 | AAA | Aaa |
| Class A-3 | 329.1 | 34.6% | 6.10% | 2.57 | 3.84% | +38 I-curve | 2031-02-18 | AAA | Aaa |
| Class A-4 | 61.1 | 6.4% | 6.10% | 3.83 | 3.93% | +42 I-curve | 2032-04-16 | AAA | Aaa |
| Class B | 14.8 | 1.6% | 4.50% | 3.86 | 4.16% | +65 I-curve | 2032-04-16 | AA | Aa2 |
| Class C | 13.9 | 1.5% | 3.00% | 3.86 | 4.36% | +85 I-curve | 2033-05-16 | 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 | BMO Capital Markets, Credit Agricole Securities, Deutsche Bank Securities, J.P. Morgan Securities, Wells Fargo Securities, BofA Securities |
| GMCAR 2025-4 | GMCAR 2025-3 | GMCAR 2025-2 | GMCAR 2025-1 | GMCAR 2024-4 | GMCAR 2024-3 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2025-11-05 | 2025-07-16 | 2025-05-14 | 2025-01-15 | 2024-10-16 | 2024-07-10 | 424B5 |
| Pool balance | $951.1MM | $974.1MM | $984.2MM | $1,644.9MM | $1,346.6MM | $1,420.3MM | 424B5 |
| WA Credit Score | 781−1 | 783 | 782 | 781 | 782 | 783 | 424B5 |
| WA APR | 6.53%−0.20pp | 6.58% | 6.75% | 7.03% | 6.73% | 6.52% | 424B5 |
| WA original term mo | 13.0−56.0 | 69.0 mo | 69.0 mo | 13.0 mo | 69.0 mo | 69.0 mo | 424B5 |
| % new vehicles | 87.9% | 87.9% | 87.9% | 87.9% | 87.7% | 87.7% | 424B5 |
| Geo top-3 | TX 14.1% FL 7.1% CA 7.0% | 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% | 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% | 6.10% | 6.10% | 6.60% | 6.60% | calc |
| Subordinate notes | 3.1%0.0pp | 3.1% | 3.1% | 3.1% | 4.4% | 4.3% | calc |
| OC (initial) | 2.75% | 2.75% | 2.75% | 2.75% | 1.50% | 1.50% | 424B5 |
| OC target | 2.75% | 2.75% | 2.75% | 2.75% | 2.00% | 2.00% | 424B5 |
| OC floor | 2.75% | 2.75% | 2.75% | 2.75% | 2.00% | 2.00% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 2.68% | 3.50% | 2.86% | 3.13% | 3.04% | 4.40% | 424B5 |
| Pricing | |||||||
| AAA spread | +38 bps−15bps A-3 · 2.6y | +36 bps A-3 · 2.5y | +53 bps A-3 · 2.4y | +38 bps A-3 · 2.4y | +53 bps A-3 · 2.5y | +54 bps A-3 · 2.4y | FWP |
| Terms | |||||||
| Tranches | 7 | 7 | 7 | 7 | 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 2025-4 | TAOT 2025-D | WOART 2025-D | FCAOT 2025-B | HART 2025-C | HAROT 2025-3 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2025-11-05 | 2025-10-23 | 2025-10-15 | 2025-09-26 | 2025-09-17 | 2025-08-12 | 424B5 |
| Pool balance | $951.1MM | $1,998.8MM | $982.7MM | $1,645.7MM | $2,148.3MM | $2,483.1MM | 424B5 |
| WA Credit Score | 781+12 | 771 | 757 | 752 | 772 | 769 | 424B5 |
| WA APR | 6.53%+0.92pp | 5.72% | 6.15% | 5.21% | 5.61% | 4.97% | 424B5 |
| WA original term mo | 13.0−53.0 | 65.8 mo | 68.6 mo | 66.0 mo | 67.9 mo | 61.9 mo | 424B5 |
| % new vehicles | 87.9% | 88.0% | 97.6% | 93.5% | 99.5% | 86.0% | 424B5 |
| Geo top-3 | TX 14.1% FL 7.1% CA 7.0% | CA 22.9% TX 15.8% IL 3.9% | FL 46.0% GA 18.7% NC 15.7% | TX 16.5% CA 8.7% FL 8.2% | TX 13.0% FL 9.8% CA 8.2% | CA 16.3% TX 9.8% PA 7.6% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 6.10%+1.35pp | 2.75% | 4.75% | 5.25% | 7.55% | 2.75% | calc |
| Enhancement, target | 6.10% | 3.60% | 5.65% | 7.25% | 8.05% | — | calc |
| Subordinate notes | 3.1%−1.4pp | 2.5% | 4.5% | 5.0% | 4.8% | 0.0% | calc |
| OC (initial) | 2.75% | 0.00% | 0.00% | 0.00% | 2.50% | 2.50% | 424B5 |
| OC target | 2.75% | 0.85% | 0.90% | 2.00% | 3.00% | — | 424B5 |
| OC floor | 2.75% | 0.85% | 0.50% | 2.00% | 3.00% | — | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 2.68% | 4.94% | 6.55% | 4.06% | 5.09% | n.a. | 424B5 |
| Pricing | |||||||
| AAA spread | +38 bps+1bps A-3 · 2.6y | +37 bps A-3 · 2.4y | +41 bps A-3 · 2.7y | +35 bps A-3 · 2.3y | +38 bps A-3 · 2.3y | +37 bps A-3 · 2.4y | FWP |
| Terms | |||||||
| Tranches | 7 | 6 | 7 | 7 | 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 (185 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.