| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Moody's |
|---|---|---|---|---|---|---|---|---|
| A-1 | 214.2 | 16.3% | 78.6% | +14 bps | 0.25 | 2027-01-15 | A-1+ | P-1 |
| A-2A | 291.1 | 22.1% | 56.5% | +32 bps | 1.10 | 2029-03-15 | AAA | Aaa |
| A-2B | 165.0 | 12.5% | 44.0% | +32 bps SOFR | 1.10 | 2029-03-15 | AAA | Aaa |
| A-3 | 456.1 | 34.6% | 9.4% | +35 bps | 2.61 | 2031-05-15 | AAA | Aaa |
| A-4 | 83.9 | 6.4% | 3.0% | +38 bps | 3.88 | 2032-06-15 | AAA | Aaa |
| B | 20.6 | 1.6% | 1.5% | +55 bps | 3.92 | 2032-06-15 | AA | Aa2 |
| C | 19.3 | 1.5% | 0.0% | — | — | — | — | — |
| 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, Deutsche Bank Securities, Wells Fargo Securities, Academy Securities, RBC Capital Markets, Scotia Capital |
| GMCAR 2026-1 | GMCAR 2025-4 | GMCAR 2025-3 | GMCAR 2025-2 | GMCAR 2025-1 | GMCAR 2024-4 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-01-14 | 2025-11-05 | 2025-07-16 | 2025-05-14 | 2025-01-15 | 2024-10-16 |
| Pool balance | $1,317.6MM | $951.1MM | $974.1MM | $984.2MM | $1,644.9MM | $1,346.6MM |
| WA Credit Score | 779−3 | 781 | 783 | 782 | 781 | 782 |
| WA APR | 5.97%+0.14pp | 5.86% | 5.70% | 5.82% | 6.08% | 5.83% |
| WA original term mo | 70.0+1.0 | 13.0 mo | 69.0 mo | 69.0 mo | 13.0 mo | 69.0 mo |
| % new vehicles | 80.8% | 87.9% | 87.9% | 87.9% | 87.9% | 87.7% |
| Reserve % | 0.25% | 0.25% | 0.25% | 0.24% | 0.24% | 0.24% |
| Geo top-3 | TX 14.6% FL 7.1% CA 6.3% | 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% |
| Structure (at issuance) | ||||||
| AAA spread | +32 bps−1bps | +32 bps | +30 bps | +45 bps | +33 bps | +40 bps |
| AAA % of pool | 75.6%+2.6pp | 75.6% | 72.9% | 73.0% | 73.4% | 72.8% |
| Subordination below AAA | 3.0%+0.0pp | 3.0% | 3.0% | 3.0% | 3.0% | 1.6% |
| OC (initial) | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 1.50% |
| OC target | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.00% |
| OC floor | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.00% |
| YSOC | 2.44% | 2.68% | 3.50% | 2.86% | 3.13% | 3.04% |
| Tranches | 7 | 7 | 7 | 7 | 7 | 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.
| GMCAR 2026-1 | NAROT 2025-B | FCAOT 2025-C | VALET 2025-2 | HAROT 2025-4 | HART 2025-D | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-01-14 | 2025-11-25 | 2025-11-25 | 2025-11-25 | 2025-11-12 | 2025-11-12 |
| Pool balance | $1,317.6MM | $1,381.3MM | $1,096.6MM | $1,141.3MM | $2,483.2MM | $2,171.9MM |
| WA Credit Score | 779+6 | 795 | 752 | 777 | 769 | 773 |
| WA APR | 5.97%+0.95pp | 4.61% | 5.15% | 5.02% | 4.93% | 5.37% |
| WA original term mo | 70.0+4.1 | — | 65.9 mo | — | 61.9 mo | 67.9 mo |
| % new vehicles | 80.8% | 10.0% | 93.7% | 78.4% | 86.0% | 99.9% |
| Reserve % | 0.25% | 0.25% | 0.24% | 0.23% | 0.25% | 0.25% |
| Geo top-3 | TX 14.6% FL 7.1% CA 6.3% | TX 17.5% FL 7.4% CA 6.5% | TX 16.6% CA 8.8% FL 8.4% | TX 14.2% CA 11.5% FL 7.3% | CA 16.9% TX 9.9% FL 6.5% | TX 13.1% FL 10.2% CA 8.0% |
| Structure (at issuance) | ||||||
| AAA spread | +32 bps−6bps | +38 bps | +36 bps | +37 bps | +38 bps | +38 bps |
| AAA % of pool | 75.6%+6.3pp | 68.8% | 69.3% | 69.6% | 74.5% | 68.3% |
| Subordination below AAA | 3.0%+1.5pp | 1.5% | 4.8% | 0.0% | 0.0% | 4.5% |
| OC (initial) | 2.75% | 2.35% | 2.00% | 4.00% | — | 3.00% |
| OC target | 2.75% | 2.35% | 2.00% | 4.75% | — | 3.00% |
| OC floor | 2.75% | 2.35% | 2.00% | 4.75% | — | 3.00% |
| YSOC | 2.44% | 7.33% | 4.01% | 8.73% | 4.76% | 5.68% |
| Tranches | 7 | 6 | 7 | 5 | 5 | 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.
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 (189 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.