| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | Moody's | Fitch |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 218.3 | 16.4% | 6.10% | 0.25 | 3.83% | +14 I-curve | 2027-04-01 | P-1 | F1+ |
| Class A-2-A | 375.4 | 28.1% | 6.10% | 1.11 | 4.05% | +40 I-curve | 2029-05-01 | Aaa | AAA |
| Class A-2-B | 100.0 | 7.5% | 6.10% | 1.11 | floating | +40 SOFR | 2029-05-01 | Aaa | AAA |
| Class A-3 | 475.4 | 35.6% | 6.10% | 2.68 | 4.15% | +39 I-curve | 2031-08-01 | Aaa | AAA |
| Class A-4 | 60.2 | 4.5% | 6.10% | 3.84 | 4.22% | +41 I-curve | 2032-02-01 | Aaa | AAA |
| Class B | 20.9 | 1.6% | 4.50% | 3.84 | 4.44% | +63 I-curve | 2032-04-01 | Aa2 | AA |
| Class C | 19.6 | 1.5% | 3.00% | 3.84 | 4.64% | +83 I-curve | 2033-11-01 | A2 | A |
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, BofA Securities, J.P. Morgan Securities, Lloyds Securities, BNP Paribas Securities, Citigroup Global Markets |
| GMCAR 2026-2 | GMCAR 2026-1 | GMCAR 2025-4 | GMCAR 2025-3 | GMCAR 2025-2 | GMCAR 2025-1 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2026-04-15 | 2026-01-14 | 2025-11-05 | 2025-07-16 | 2025-05-14 | 2025-01-15 | 424B5 |
| Pool balance | $1,335.0MM | $1,317.6MM | $951.1MM | $974.1MM | $984.2MM | $1,644.9MM | 424B5 |
| WA Credit Score | 777−4 | 779 | 781 | 783 | 782 | 781 | 424B5 |
| WA APR | 6.81%+0.10pp | 6.71% | 6.53% | 6.58% | 6.75% | 7.03% | 424B5 |
| WA original term mo | 70.0+1.0 | 70.0 mo | 13.0 mo | 69.0 mo | 69.0 mo | 13.0 mo | 424B5 |
| % new vehicles | 80.8% | 80.8% | 87.9% | 87.9% | 87.9% | 87.9% | 424B5 |
| Geo top-3 | TX 14.2% FL 7.1% CA 6.7% | 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% | 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% | 6.10% | calc |
| Subordinate notes | 3.1%0.0pp | 3.1% | 3.1% | 3.1% | 3.1% | 3.1% | calc |
| OC (initial) | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 424B5 |
| OC target | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 424B5 |
| OC floor | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 2.19% | 2.44% | 2.68% | 3.50% | 2.86% | 3.13% | 424B5 |
| Pricing | |||||||
| AAA spread | +39 bps+1bps A-3 · 2.7y | +35 bps 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 | FWP |
| Terms | |||||||
| Tranches | 7 | 7 | 7 | 7 | 7 | 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.
| GMCAR 2026-2 | FCAOT 2026-A | HAROT 2026-1 | HART 2026-A | WOART 2026-A | TAOT 2026-A | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2026-04-15 | 2026-03-24 | 2026-02-18 | 2026-02-18 | 2026-02-18 | 2026-01-21 | 424B5 |
| Pool balance | $1,335.0MM | $1,489.0MM | $2,483.1MM | $2,392.4MM | $1,308.7MM | $1,995.4MM | 424B5 |
| WA Credit Score | 777+7 | 754 | 770 | 775 | 758 | 771 | 424B5 |
| WA APR | 6.81%+1.42pp | 4.84% | 5.00% | 5.39% | 5.87% | 5.68% | 424B5 |
| WA original term mo | 70.0+4.1 | 65.8 mo | 61.6 mo | 67.2 mo | 68.4 mo | 65.9 mo | 424B5 |
| % new vehicles | 80.8% | 93.8% | 86.5% | 97.5% | 98.0% | 88.0% | 424B5 |
| Geo top-3 | TX 14.2% FL 7.1% CA 6.7% | TX 16.5% FL 8.6% CA 8.5% | CA 16.0% TX 9.5% NY 6.7% | TX 13.2% FL 10.1% CA 9.1% | FL 44.5% GA 18.6% NC 16.2% | CA 23.8% TX 16.7% IL 3.8% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 6.10%+1.35pp | 5.25% | 2.75% | 7.55% | 4.75% | 2.75% | calc |
| Enhancement, target | 6.10% | 7.25% | — | 8.05% | 5.65% | 3.60% | calc |
| Subordinate notes | 3.1%−1.4pp | 5.0% | 0.0% | 4.8% | 4.5% | 2.5% | calc |
| OC (initial) | 2.75% | 0.00% | 2.50% | 2.50% | 0.00% | 0.00% | 424B5 |
| OC target | 2.75% | 2.00% | — | 3.00% | 0.90% | 0.85% | 424B5 |
| OC floor | 2.75% | 2.00% | — | 3.00% | 0.50% | 0.85% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 2.19% | 4.56% | n.a. | 5.70% | 5.49% | 4.78% | 424B5 |
| Pricing | |||||||
| AAA spread | +39 bps+5bps A-3 · 2.7y | +42 bps A-3 · 2.4y | +34 bps A-3 · 2.4y | +34 bps A-3 · 2.5y | +36 bps A-3 · 2.6y | +34 bps A-3 · 2.4y | FWP |
| Terms | |||||||
| Tranches | 7 | 7 | 5 | 7 | 7 | 6 | 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 (197 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.