| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | S&P | Moody's |
|---|---|---|---|---|---|---|---|---|---|
| A-1 | 214.2 | 16.3% | 6.10% | 0.25 | 3.74% | +14 I-curve | 2027-01-15 | A-1+ | P-1 |
| A-2A | 291.1 | 22.1% | 6.10% | 1.10 | 3.77% | +32 I-curve | 2029-03-15 | AAA | Aaa |
| A-2B | 165.0 | 12.5% | 6.10% | 1.10 | floating | +32 SOFR | 2029-03-15 | AAA | Aaa |
| A-3 | 456.1 | 34.6% | 6.10% | 2.61 | 3.84% | +35 I-curve | 2031-05-15 | AAA | Aaa |
| A-4 | 83.9 | 6.4% | 6.10% | 3.88 | 3.97% | +38 I-curve | 2032-06-15 | AAA | Aaa |
| B | 20.6 | 1.6% | 4.50% | 3.92 | 4.14% | +55 I-curve | 2032-06-15 | AA | Aa2 |
| Cretained | 19.3 | 1.5% | 3.00% | — | — | — | — | — | — |
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 | 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 | Source | |
|---|---|---|---|---|---|---|---|
| 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 | 424B5 |
| Pool balance | $1,317.6MM | $951.1MM | $974.1MM | $984.2MM | $1,644.9MM | $1,346.6MM | 424B5 |
| WA Credit Score | 779−3 | 781 | 783 | 782 | 781 | 782 | 424B5 |
| WA APR | 6.71%−0.02pp | 6.53% | 6.58% | 6.75% | 7.03% | 6.73% | 424B5 |
| WA original term mo | 70.0+1.0 | 13.0 mo | 69.0 mo | 69.0 mo | 13.0 mo | 69.0 mo | 424B5 |
| % new vehicles | 80.8% | 87.9% | 87.9% | 87.9% | 87.9% | 87.7% | 424B5 |
| 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% | 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% | 6.10% | 6.60% | calc |
| Subordinate notes | 3.1%0.0pp | 3.1% | 3.1% | 3.1% | 3.1% | 4.4% | calc |
| OC (initial) | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 1.50% | 424B5 |
| OC target | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.00% | 424B5 |
| OC floor | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.00% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 2.44% | 2.68% | 3.50% | 2.86% | 3.13% | 3.04% | 424B5 |
| Pricing | |||||||
| AAA spread | +35 bps−3bps A-3 · 2.6y | +38 bps 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 | FWP |
| Terms | |||||||
| Tranches | 7 | 7 | 7 | 7 | 7 | 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 2026-1 | FCAOT 2025-C | NAROT 2025-B | VALET 2025-2 | HAROT 2025-4 | HART 2025-D | Source | |
|---|---|---|---|---|---|---|---|
| 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 | 424B5 |
| Pool balance | $1,317.6MM | $1,096.6MM | $1,381.3MM | $1,141.3MM | $2,483.2MM | $2,171.9MM | 424B5 |
| WA Credit Score | 779+6 | 752 | 795 | 773 | 769 | 773 | 424B5 |
| WA APR | 6.71%+1.68pp | 5.15% | 4.60% | 5.03% | 4.93% | 5.36% | 424B5 |
| WA original term mo | 70.0+4.1 | 65.9 mo | — | — | 61.9 mo | 67.9 mo | 424B5 |
| % new vehicles | 80.8% | 93.7% | 10.0% | 78.4% | 86.0% | 99.9% | 424B5 |
| Geo top-3 | TX 14.6% FL 7.1% CA 6.3% | TX 16.6% CA 8.8% FL 8.4% | TX 17.5% FL 7.4% CA 6.5% | 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% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 6.10%+1.85pp | 5.25% | 4.25% | 4.25% | 2.75% | 7.55% | calc |
| Enhancement, target | 6.10% | 7.25% | 4.25% | 5.00% | — | 8.05% | calc |
| Subordinate notes | 3.1%+1.5pp | 5.0% | 1.6% | 0.0% | 0.0% | 4.8% | calc |
| OC (initial) | 2.75% | 0.00% | 2.35% | 4.00% | 2.50% | 2.50% | 424B5 |
| OC target | 2.75% | 2.00% | 2.35% | 4.75% | — | 3.00% | 424B5 |
| OC floor | 2.75% | 2.00% | 2.35% | 4.75% | — | 3.00% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 2.44% | 4.01% | 7.33% | 8.73% | n.a. | 5.68% | 424B5 |
| Pricing | |||||||
| AAA spread | +35 bps−4bps A-3 · 2.6y | +35 bps A-3 · 2.3y | +45 bps A-3 · 2.2y | +38 bps A-3 · 2.3y | +39 bps A-3 · 2.3y | +39 bps A-3 · 2.4y | FWP |
| Terms | |||||||
| Tranches | 7 | 7 | 6 | 5 | 5 | 7 | 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 (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 the performance page ↗ for
FICO sub-band and new/used stratification.