| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 382.0 | 37.2% | 62.8% | — | — | 2027-08-18 | A-1 | F1+ |
| Class A-2a | — | — | — | — | — | 2029-04-18 | AAA | AAA |
| Class A-2b | — | — | — | — | — | 2029-04-18 | AAA | AAA |
| Class A-3 | 552.2 | 53.8% | 9.0% | — | — | 2031-02-18 | AAA | AAA |
| Class A-4 | 92.3 | 9.0% | 0.0% | — | — | 2032-11-18 | AAA | AAA |
| Sponsor | American Honda Finance Corporation |
|---|---|
| Servicer | American Honda Finance Corporation |
| Depositor / Transferor | American Honda Finance Corporation |
| Indenture Trustee | Citibank, N.A |
| Owner Trustee | The Bank of New York Mellon Trust Company, N.A |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | BofA Securities, BNP Paribas Securities, Academy Securities, J.P. Morgan Securities, Loop Capital Markets, Citigroup Global Markets |
| HAROT 2026-3 | HAROT 2026-2 | HAROT 2026-1 | HAROT 2025-4 | HAROT 2025-3 | HAROT 2025-2 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-08-18 | 2026-05-13 | 2026-02-18 | 2025-11-12 | 2025-08-12 | 2025-05-08 |
| Pool balance | $1,619.4MM | $2,159.3MM | $2,483.1MM | $2,483.2MM | $2,483.1MM | $2,483.1MM |
| WA Credit Score | 770+1 | 768 | 770 | 769 | 769 | 769 |
| WA APR | 4.94%−0.03pp | 4.99% | 5.00% | 4.93% | 4.97% | 4.89% |
| WA original term mo | 62.7+0.8 | 61.9 mo | 61.6 mo | 61.9 mo | 61.9 mo | 62.1 mo |
| % new vehicles | 86.2% | 86.1% | 86.5% | 86.0% | 86.0% | 86.1% |
| Reserve % | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Geo top-3 | CA 16.2% TX 9.9% FL 5.8% | CA 15.3% TX 9.9% NY 6.2% | CA 16.0% TX 9.5% NY 6.7% | CA 16.9% TX 9.9% FL 6.5% | CA 16.3% TX 9.8% PA 7.6% | CA 16.9% TX 9.9% FL 6.2% |
| Structure (at issuance) | ||||||
| AAA spread | — | +38 bps | +34 bps | +38 bps | +35 bps | +48 bps |
| AAA % of pool | — | 72.8% | 73.1% | 74.5% | 72.5% | 72.8% |
| Subordination below AAA | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| OC (initial) | — | — | — | — | — | — |
| OC target | — | — | — | — | — | — |
| OC floor | — | — | — | — | — | — |
| YSOC | — | 5.10% | 4.09% | 4.76% | 4.77% | 5.43% |
| Tranches | 5 | 5 | 5 | 5 | 5 | 5 |
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.
| HAROT 2026-3 | TAOT 2026-C | GMCAR 2026-3 | FCAOT 2026-B | HART 2026-B | NAROT 2026-A | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-08-18 | 2026-07-21 | 2026-07-15 | 2026-06-23 | 2026-06-17 | 2026-05-27 |
| Pool balance | $1,619.4MM | $2,023.1MM | $1,078.8MM | $1,655.3MM | $2,408.5MM | $1,394.8MM |
| WA Credit Score | 770−4 | 771 | 781 | 752 | 774 | 787 |
| WA APR | 4.94%−0.23pp | 5.36% | 5.93% | 5.07% | 5.17% | 4.44% |
| WA original term mo | 62.7−3.5 | 66.0 mo | 70.0 mo | 66.4 mo | 65.8 mo | — |
| % new vehicles | 86.2% | 87.5% | 80.8% | 92.6% | 99.8% | 10.9% |
| Reserve % | 0.25% | 0.25% | 0.25% | 0.24% | 0.25% | 0.25% |
| Geo top-3 | CA 16.2% TX 9.9% FL 5.8% | CA 24.2% TX 16.3% IL 3.9% | 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% |
| Structure (at issuance) | ||||||
| AAA spread | — | +31 bps | +30 bps | +14 bps | +36 bps | +43 bps |
| AAA % of pool | — | 91.6% | 73.5% | 90.6% | 67.0% | 69.5% |
| Subordination below AAA | — | 2.3% | 3.0% | 4.8% | 4.5% | 2.8% |
| OC (initial) | — | 0.85% | 2.75% | 2.00% | 3.00% | 1.00% |
| OC target | — | 0.85% | 2.75% | 2.00% | 3.00% | 1.00% |
| OC floor | — | 0.85% | 2.75% | 2.00% | 3.00% | 1.00% |
| YSOC | — | 6.08% | 3.18% | 4.61% | 6.86% | 8.14% |
| Tranches | 5 | 6 | 7 | 7 | 7 | 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 (200 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.
American Honda Finance Corporation — ticker HAROT.
Peer tier: prime.
Open in Explorer ↗ for
FICO sub-band and new/used stratification.