Presale Reports are compiled by Black Analytics from SEC EDGAR filings (424B5, FWP) and ABS-EE loan-level data. Published the same day a deal’s first filing reaches EDGAR; pool, structural, and peer context reflects what was known at the subject’s issuance. For ongoing deal performance after closing, see the Auto ABS Explorer. Informational only — not a credit rating.
Bond-side risk distribution — how principal splits across tranches and how each is supported.
| Class | Size ($MM)a | % Poolb | Sub %b | Coupon / Spreada | WALa | Legal Finalc | S&Pa | Fitcha |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 187.0 | 14.3% | 85.8% | 4.48% fxd | 0.26 | 2026-05-20 | A-1+ | F1+ |
| Class A-2-A | 250.0 | 19.1% | 66.7% | 4.55% fxd | 1.06 | 2027-07-20 | AAA | AAA |
| Class A-2-B | 217.0 | 16.6% | 50.1% | +50 bps SOFR | 1.06 | 2027-07-20 | AAA | AAA |
| Class A-3 | 466.7 | 35.6% | 14.5% | 4.58% fxd | 1.80 | 2028-05-22 | AAA | AAA |
| Class A-4 | 64.8 | 5.0% | 9.5% | 4.64% fxd | 2.21 | 2029-04-20 | AAA | AAA |
| Class B | 64.8 | 5.0% | 4.6% | 4.80% fxd | 2.34 | 2029-04-20 | AA | AA |
| Class C | 59.7 | 4.6% | 0.0% | 5.04% fxd | 2.45 | 2029-10-22 | A | A |
Subject deal alongside the sponsor's 3 most-recent prior deals — collateral and structural attributes side by side.
Issuer history: GM Financial (normalized). Up to 5 most-recent prior deals.
| GMALT 2025-2 | GMALT 2025-1 | GMALT 2024-3 | GMALT 2024-2 | |
|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||
| Closing date | 2025-05-29 | 2025-02-12 | 2024-10-02 | 2024-05-16 |
| Pool balance | — | — | — | — |
| WA Credit Score | 780−1 | 781 | 781 | 781 |
| WA APR | 4.48%−0.47pp | 4.55% | — | 5.36% |
| WA original term mo | 35.00.0 | 35.0 mo | 36.0 mo | 35.0 mo |
| % new vehicles | — | — | — | — |
| Reserve % | — | — | — | — |
| Geo top-3 | MI 29.3% NY 14.1% FL 7.6% | MI 27.5% NY 15.0% FL 9.1% | MI 29.0% NY 16.1% FL 8.5% | MI 29.3% NY 16.1% FL 8.5% |
| Structure (at issuance) | ||||
| AAA spread | +50 bps+8bps | +41 bps | +47 bps | +42 bps |
| AAA % of pool | 76.2%−4.6pp | 81.4% | 80.8% | 80.3% |
| Subordination below AAA | 9.5%+4.3pp | 5.2% | 5.2% | 5.1% |
| Overcollateralization | — | — | — | — |
| Yield Supplement OC | — | — | — | — |
| Tranches | 7 | 6 | 6 | 6 |
Subject deal alongside representative peer deals — one most-recent deal per peer issuer in the subject's cohort.
Peer cohort: same FICO tier. Most-recent deal per peer ticker (max 5).
| GMALT 2025-2 | MBALT 2025-A | FCALT 2025-A | NALT 2025-A | BMWLT 2024-2 | |
|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||
| Closing date | 2025-05-29 | 2025-05-21 | 2025-01-27 | 2025-01-22 | 2024-10-07 |
| Pool balance | — | — | — | — | — |
| WA Credit Score | 780+5 | 786 | 764 | 758 | 789 |
| WA APR | 4.48%−0.00pp | 4.61% | — | — | 4.35% |
| WA original term mo | 35.0−1.5 | 40.4 mo | 35.1 mo | 37.0 mo | 36.0 mo |
| % new vehicles | — | — | — | — | 100.0% |
| Reserve % | — | — | — | — | — |
| Geo top-3 | MI 29.3% NY 14.1% FL 7.6% | CA 22.9% FL 16.3% NY 12.6% | MI 38.9% NY 10.8% CA 7.0% | FL 11.6% CA 11.6% TX 7.3% | CA 19.2% FL 13.6% NJ 9.2% |
| Structure (at issuance) | |||||
| AAA spread | +50 bps+8bps | +52 bps | +41 bps | — | +42 bps |
| AAA % of pool | 76.2%−8.1pp | 100.0% | 81.8% | 84.2% | 84.4% |
| Subordination below AAA | 9.5%+6.2pp | 0.0% | 15.4% | 6.6% | 0.0% |
| Overcollateralization | — | — | — | — | — |
| Yield Supplement OC | — | — | — | — | — |
| Tranches | 7 | 5 | 8 | 7 | 5 |
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
No surveillance data published yet for this series in the SEC Auto Lease ABS Data Explorer (typical for deals less than ~6 months old, or for issuers that don't populate liquidationProceedsAmount in ABS-EE filings).
Open the SEC Auto Lease ABS Data Explorer ↗ for the full interactive surveillance dashboard.