| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | S&P | Moody's |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 190.0 | 17.6% | 6.10% | 0.24 | 3.90% | +14 I-curve | 2027-07-16 | A-1+ | P-1 |
| Class A-2-A | 295.6 | 27.4% | 6.10% | 1.01 | 4.28% | +30 I-curve | 2029-05-16 | AAA | Aaa |
| Class A-2-B | 62.0 | 5.7% | 6.10% | 1.01 | floating | +30 SOFR | 2029-05-16 | AAA | Aaa |
| Class A-3 | 357.6 | 33.1% | 6.10% | 2.39 | 4.44% | +31 I-curve | 2031-07-16 | AAA | Aaa |
| Class A-4 | 78.2 | 7.2% | 6.10% | 3.61 | 4.56% | +39 I-curve | 2032-03-16 | AAA | Aaa |
| Class B | 16.7 | 1.5% | 4.50% | 3.67 | 4.70% | +53 I-curve | 2032-05-17 | AA | Aa2 |
| Class Cretained | 15.7 | 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, National Association |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | Credit Agricole Securities, BNP Paribas Securities, Deutsche Bank Securities, Mizuho Securities, SMBC Nikko Securities |
| GMCAR 2026-3 | GMCAR 2026-2 | GMCAR 2026-1 | GMCAR 2025-4 | GMCAR 2025-3 | GMCAR 2025-2 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2026-07-15 | 2026-04-15 | 2026-01-14 | 2025-11-05 | 2025-07-16 | 2025-05-14 | 424B5 |
| Pool balance | $1,078.8MM | $1,335.0MM | $1,317.6MM | $951.1MM | $974.1MM | $984.2MM | 424B5 |
| WA Credit Score | 7810 | 777 | 779 | 781 | 783 | 782 | 424B5 |
| WA APR | 6.63%−0.08pp | 6.81% | 6.71% | 6.53% | 6.58% | 6.75% | 424B5 |
| WA original term mo | 70.0+1.0 | 70.0 mo | 70.0 mo | 13.0 mo | 69.0 mo | 69.0 mo | 424B5 |
| % new vehicles | 80.8% | 80.8% | 80.8% | 87.9% | 87.9% | 87.9% | 424B5 |
| Geo top-3 | TX 14.4% FL 6.8% CA 6.7% | 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% | 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 | 3.18% | 2.19% | 2.44% | 2.68% | 3.50% | 2.86% | 424B5 |
| Pricing | |||||||
| AAA spread | +31 bps−7bps A-3 · 2.4y | +39 bps 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 | 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 2026-3 | FCAOT 2026-B | HART 2026-B | NAROT 2026-A | MBART 2026-1 | HAROT 2026-2 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2026-07-15 | 2026-06-23 | 2026-06-17 | 2026-05-27 | 2026-05-20 | 2026-05-13 | 424B5 |
| Pool balance | $1,078.8MM | $1,655.3MM | $2,408.5MM | $1,394.8MM | $1,469.0MM | $2,159.3MM | 424B5 |
| WA Credit Score | 781+7 | 752 | 774 | 787 | 780 | 768 | 424B5 |
| WA APR | 6.63%+1.56pp | 5.07% | 5.17% | 4.44% | 6.37% | 4.99% | 424B5 |
| WA original term mo | 70.0+5.9 | 66.4 mo | 65.8 mo | — | 62.4 mo | 61.9 mo | 424B5 |
| % new vehicles | 80.8% | 92.6% | 99.8% | 10.9% | 48.1% | 86.1% | 424B5 |
| Geo top-3 | TX 14.4% FL 6.8% CA 6.7% | TX 17.3% CA 8.7% FL 8.5% | TX 13.0% FL 9.9% CA 8.5% | FL 6.8% CA 6.3% GA 3.7% | CA 20.4% FL 14.8% TX 14.0% | CA 15.3% TX 9.9% NY 6.2% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 6.10%+1.85pp | 5.25% | 7.55% | 4.25% | 2.75% | 2.75% | calc |
| Enhancement, target | 6.10% | 7.25% | 8.05% | 4.25% | 2.75% | — | calc |
| Subordinate notes | 3.1%+0.1pp | 5.0% | 4.8% | 3.0% | 0.0% | 0.0% | calc |
| OC (initial) | 2.75% | 0.00% | 2.50% | 1.00% | 2.50% | 2.50% | 424B5 |
| OC target | 2.75% | 2.00% | 3.00% | 1.00% | 2.50% | — | 424B5 |
| OC floor | 2.75% | 2.00% | 3.00% | 1.00% | 2.50% | — | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 3.18% | 4.61% | 6.86% | 8.14% | 5.33% | n.a. | 424B5 |
| Pricing | |||||||
| AAA spread | +31 bps−10bps A-3 · 2.4y | +36 bps A-3 · 2.4y | +41 bps A-3 · 2.4y | +44 bps A-3 · 2.3y | +41 bps A-3 · 2.3y | +39 bps A-3 · 2.4y | FWP |
| Terms | |||||||
| Tranches | 7 | 7 | 7 | 7 | 5 | 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 (202 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.