0001193125-14-318488.txt : 20140822 0001193125-14-318488.hdr.sgml : 20140822 20140822141300 ACCESSION NUMBER: 0001193125-14-318488 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140819 0001347185 0001002761 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140822 DATE AS OF CHANGE: 20140822 Auto loans FILER: COMPANY DATA: COMPANY CONFORMED NAME: AmeriCredit Automobile Receivables Trust 2014-3 CENTRAL INDEX KEY: 0001617166 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-194765-01 FILM NUMBER: 141059890 BUSINESS ADDRESS: STREET 1: 2265B RENAISSANCE DRIVE, SUITE 17 CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: 702-932-4914 MAIL ADDRESS: STREET 1: 2265B RENAISSANCE DRIVE, SUITE 17 CITY: LAS VEGAS STATE: NV ZIP: 89119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AFS SenSub Corp. CENTRAL INDEX KEY: 0001347185 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 880475154 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-140931 FILM NUMBER: 141059891 BUSINESS ADDRESS: STREET 1: 2265B RENAISSANCE DRIVE, SUITE 17 CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: 702-932-4914 MAIL ADDRESS: STREET 1: 2265B RENAISSANCE DRIVE, SUITE 17 CITY: LAS VEGAS STATE: NV ZIP: 89119 8-K 1 d777547d8k.htm FORM 8-K Form 8-K

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

August 19, 2014

AmeriCredit Automobile Receivables Trust 2014-3

(Exact name of registrant as specified in its charter)

AFS SenSub Corp.

(Exact name of depositor as specified in its charter)

AmeriCredit Financial Services, Inc.

(Exact name of sponsor as specified in its charter)

 

Delaware

(State or Other Jurisdiction

of Incorporation)

  

333-194765-01

(Commission

File Number)

  

47-6361764

(I.R.S. Employer

Identification No.)

 

c/o AmeriCredit Financial Services, Inc.

Attention: Frank E. Brown III, Esq.

801 Cherry Street, Suite 3500

Fort Worth, Texas

   76102
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number including area code - (817) 302-7000

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 8.01. Other Events.

AFS SenSub Corp. (“AFS SenSub”), as depositor, and AmeriCredit Financial Services, Inc. (“AmeriCredit”), as sponsor, will cause a newly formed issuing entity, AmeriCredit Automobile Receivables Trust 2014-3 (the “Issuing Entity”), to issue $141,000,000 Class A-1 0.23000% Asset Backed Notes (the “Class A-1 Notes”), $120,000,000 Class A-2-A 0.64% Asset Backed Notes (the “Class A-2-A Notes”), $250,870,000 Class A-2-B Floating Rate Asset Backed Notes (the “Class A-2-B Notes” and together with the Class A-2-A Notes, the “Class A-2 Notes”), $198,420,000 Class A-3 1.15% Asset Backed Notes (the “Class A-3 Notes”), $76,510,000 Class B 1.92% Asset Backed Notes (the “Class B Notes”), $94,990,000 Class C 2.58% Asset Backed Notes (the “Class C Notes”), $93,400,000 Class D 3.13% Asset Backed Notes (the “Class D Notes”, and together with the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class B Notes and the Class C Notes, the “Publicly Offered Notes”), $24,810,000 Class E 3.72% Asset Backed Notes and an Asset Backed Certificate (the “Certificate”), on August 27, 2014. The Publicly Offered Notes will be registered under the Registration Statement filed by the Registrant and AFS SenSub Corp. with the Securities and Exchange Commission under the file number 333-194765.

As of July 22, 2014 (the “Statistical Calculation Date”), the Receivables had the characteristics described in the Prospectus Supplement dated August 20, 2014 (the “Prospectus Supplement”), and filed with the Commission pursuant to Rule 424(b)(5) of the Act on August 22, 2014. As of August 19, 2014 (the “Cutoff Date”), the Receivables had the characteristics set forth in Exhibit 99.1.

 

Item 9.01. Financial Statements, Pro Forma Financial Information and Exhibits.

 

(a) Not applicable

 

(b) Not applicable

 

(c) Not applicable

 

(d) Exhibits:

 

99.1    Statistical information for the receivables as of the Cutoff Date.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2014-3
By:   AmeriCredit Financial Services, Inc., as Servicer
By:  

/s/ Frank E. Brown III

Name:   Frank E. Brown III
Title:   Senior Vice President, Corporate Counsel and Secretary

Dated: August 22, 2014

 

3

EXHIBIT INDEX

 

Exhibit No.

   

Description

99.1    Statistical information for the receivables as of the Cutoff Date.

 

4

EX-99.1 2 d777547dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

AmeriCredit Automobile Receivables Trust 2014-3

Final Pool as of the Cutoff Date

8/19/2014

Composition of the Auto Loan Contracts

as of the Cutoff Date

 

    New     Used     Total  

Aggregate Principal Balance (1)

     $534,285,636.21        $521,134,061.03        $1,055,419,697.24   

Number of Automobile Loan Contracts

     20,150        27,663        47,813   

Percent of Aggregate Principal Balance

     50.62 %      49.38 %      100.00 % 

Average Principal Balance

     $26,515.42        $18,838.67        $22,073.91   

Range of Principal Balances

     ($285.31 to $84,996.88)        ($283.81 to $81,822.98)        ($283.81 to $84,996.88)   

Weighted Average APR (1)

     10.43 %      13.67 %      12.03 % 

Range of APRs

     (1.00% to 26.60%)        (1.00% to 28.00%)        (1.00% to 28.00%)   

Weighted Average Remaining Term

     70 months        67 months        68 months   

Range of Remaining Terms

     (3 to 72 months)        (3 to 72 months)        (3 to 72 months)   

Weighted Average Original Term

     72 months        69 months        71 months   

Range of Original Terms

     (24 to 72 months)        (16 to 72 months)        (16 to 72 months)   

 

(1) Aggregate Principal Balance includes some portion of accrued interest. As a result, the Weighted Average APR of the automobile loan contracts may not be equivalent to the automobile loan contracts’ aggregate yield on the Aggregate Principal Balance.

Score Distribution of the Automobile Loan Contracts

as of the Cutoff Date

 

     AmeriCredit Score (1)    % of Aggregate
Principal Balance (2)		     Credit Bureau Score (3)    % of Aggregate
Principal Balance (2)		  
   Less than 215      10.37 %      
   215-224      11.79 %    Less than 540      26.70 % 
   225-244      31.40 %    540-599      46.52 % 
   245-259      22.20 %    600-659      22.45 % 
   260 and greater      24.25 %    660 and greater      4.34 % 
  

 

   

 

 

    

 

   

 

 

  

Weighted Average Score

    245      572   

 

(1) Proprietary credit score developed and utilized by AmeriCredit to support the credit approval and pricing process. The scale of the proprietary score is not comparable to a credit bureau score. An AmeriCredit score may not be available for a small portion of accounts originated under discontinued origination platforms and those accounts will not be included in the AmeriCredit score table above. Since these accounts are not included in the percentages above, the Aggregate Principal Balance of the accounts based on the AmeriCredit score may be less than the total pool.
(2) Percentages may not add to 100% because of rounding.
(3) A statistically based score (sometimes referred to as FICO score) generated by credit reporting agencies. AmeriCredit utilizes TransUnion, Equifax or Experian credit reports depending on the location of the obligor. Credit Bureau Scores are unavailable for some accounts and those accounts are not included in the Credit Bureau Score table above. Since these accounts are not included in the percentages above, the Aggregate Principal Balance of the accounts based on Credit Bureau Score may be less than the total pool.

AmeriCredit Automobile Receivables Trust 2014-3

Final Pool as of the Cutoff Date

8/19/2014

 

Distribution of the Automobile Loan Contracts by APR

as of the Cutoff Date

 

Distribution by APR

    Aggregate Principal
Balance (1)		      % of Aggregate
Principal Balance (2)		     Number of Automobile
Loan Contracts		      % of Total Number
of Automobile
Loan Contracts (2)		  

  1.000% to 1.999%

    $ 2,267,741.03         0.21 %      75         0.16 % 

  2.000% to 2.999%

      14,182,996.75         1.34 %      472         0.99 % 

  3.000% to 3.999%

      31,441,498.26         2.98 %      1,047         2.19 % 

  4.000% to 4.999%

      23,248,969.49         2.20 %      746         1.56 % 

  5.000% to 5.999%

      8,618,867.90         0.82 %      331         0.69 % 

  6.000% to 6.999%

      35,760,598.82         3.39 %      1,418         2.97 % 

  7.000% to 7.999%

      71,052,058.63         6.73 %      2,594         5.43 % 

  8.000% to 8.999%

      59,396,807.25         5.63 %      2,546         5.32 % 

  9.000% to 9.999%

      103,957,934.79         9.85 %      4,068         8.51 % 

10.000% to 10.999%

      98,287,111.19         9.31 %      4,177         8.74 % 

11.000% to 11.999%

      117,978,455.31         11.18 %      5,047         10.56 % 

12.000% to 12.999%

      90,102,234.06         8.54 %      3,953         8.27 % 

13.000% to 13.999%

      78,036,297.81         7.39 %      3,608         7.55 % 

14.000% to 14.999%

      74,780,344.90         7.09 %      3,610         7.55 % 

15.000% to 15.999%

      59,213,404.98         5.61 %      3,099         6.48 % 

16.000% to 16.999%

      55,055,076.63         5.22 %      2,926         6.12 % 

17.000% to 17.999%

      45,867,449.59         4.35 %      2,513         5.26 % 

18.000% to 18.999%

      40,951,711.60         3.88 %      2,412         5.04 % 

19.000% to 19.999%

      18,590,576.37         1.76 %      1,200         2.51 % 

20.000% to 20.999%

      12,062,719.56         1.14 %      835         1.75 % 

21.000% to 21.999%

      7,274,792.83         0.69 %      536         1.12 % 

22.000% to 22.999%

      3,427,798.11         0.32 %      256         0.54 % 

23.000% to 23.999%

      2,251,433.55         0.21 %      192         0.40 % 

24.000% to 24.999%

      1,216,687.68         0.12 %      113         0.24 % 

25.000% to 25.999%

      301,374.02         0.03 %      30         0.06 % 

26.000% to 26.999%

      45,675.57         0.00 %      5         0.01 % 

27.000% to 27.999%

      37,812.52         0.00 %      3         0.01 % 

28.000% to 28.999%

      11,268.04         0.00 %      1         0.00 % 

29.000% to 29.999%

      0.00         0.00 %      0         0.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

TOTAL

    $ 1,055,419,697.24         100.00 %      47,813         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1) Aggregate Principal Balances include some portion of accrued interest. Indicated APRs represent APRs on principal balance net of such accrued interest.
(2) Percentages may not add to 100% because of rounding.

AmeriCredit Automobile Receivables Trust 2014-3

Final Pool as of the Cutoff Date

8/19/2014

 

Distribution of the Automobile Loan Contracts by Geographic Location

of Obligor as of the Cutoff Date

 

Geographic Location

    Aggregate
Principal
Balance (1)		      % of Aggregate
Principal
Balance (2)		     Number of
Automobile
Loan
Contracts		      % of Total Number
of Automobile
Loan Contracts (2)		  

Alabama

    $ 16,993,261.66         1.61 %      744         1.56 % 

Alaska

      1,662,175.10         0.16 %      75         0.16 % 

Arizona

      22,616,165.21         2.14 %      993         2.08 % 

Arkansas

      12,741,096.69         1.21 %      556         1.16 % 

California

      77,184,723.63         7.31 %      3,554         7.43 % 

Colorado

      18,230,647.98         1.73 %      826         1.73 % 

Connecticut

      5,208,329.44         0.49 %      262         0.55 % 

Delaware

      4,349,245.10         0.41 %      213         0.45 % 

District of Columbia

      2,515,376.75         0.24 %      111         0.23 % 

Florida

      77,542,888.81         7.35 %      3,708         7.76 % 

Georgia

      41,839,101.71         3.96 %      1,796         3.76 % 

Hawaii

      3,259,407.24         0.31 %      143         0.30 % 

Idaho

      1,733,904.31         0.16 %      85         0.18 % 

Illinois

      45,958,609.31         4.35 %      2,150         4.50 % 

Indiana

      24,032,272.81         2.28 %      1,174         2.46 % 

Iowa

      5,898,913.09         0.56 %      279         0.58 % 

Kansas

      4,705,265.49         0.45 %      224         0.47 % 

Kentucky

      16,880,626.37         1.60 %      815         1.70 % 

Louisiana

      31,675,118.16         3.00 %      1,251         2.62 % 

Maine

      3,010,478.93         0.29 %      157         0.33 % 

Maryland

      26,811,737.44         2.54 %      1,168         2.44 % 

Massachusetts

      16,247,435.48         1.54 %      862         1.80 % 

Michigan

      21,323,623.18         2.02 %      1,115         2.33 % 

Minnesota

      9,602,661.61         0.91 %      470         0.98 % 

Mississippi

      16,188,218.06         1.53 %      675         1.41 % 

Missouri

      17,647,254.76         1.67 %      865         1.81 % 

Montana

      3,050,732.82         0.29 %      127         0.27 % 

Nebraska

      2,994,932.56         0.28 %      140         0.29 % 

Nevada

      9,043,574.54         0.86 %      394         0.82 % 

New Hampshire

      3,185,111.94         0.30 %      174         0.36 % 

New Jersey

      20,850,001.48         1.98 %      1,005         2.10 % 

New Mexico

      17,822,352.90         1.69 %      702         1.47 % 

New York

      33,037,887.72         3.13 %      1,570         3.28 % 

North Carolina

      38,204,998.61         3.62 %      1,725         3.61 % 

North Dakota

      1,998,749.87         0.19 %      80         0.17 % 

Ohio

      40,704,535.73         3.86 %      2,120         4.43 % 

Oklahoma

      14,858,529.95         1.41 %      623         1.30 % 

Oregon

      6,270,354.19         0.59 %      313         0.65 % 

Pennsylvania

      44,900,514.96         4.25 %      2,190         4.58 % 

Rhode Island

      1,934,615.18         0.18 %      115         0.24 % 

South Carolina

      17,955,370.47         1.70 %      811         1.70 % 

South Dakota

      1,097,961.91         0.10 %      55         0.12 % 

Tennessee

      21,590,850.39         2.05 %      986         2.06 % 

Texas

      181,310,707.07         17.18 %      7,237         15.14 % 

Utah

      5,203,213.09         0.49 %      228         0.48 % 

Vermont

      1,159,916.97         0.11 %      60         0.13 % 

Virginia

      21,309,326.56         2.02 %      962         2.01 % 

Washington

      13,984,313.25         1.33 %      668         1.40 % 

West Virginia

      11,412,517.58         1.08 %      493         1.03 % 

Wisconsin

      11,895,899.88         1.13 %      619         1.29 % 

Wyoming

      3,741,201.28         0.35 %      141         0.29 % 

Other (3)

      42,988.02         0.00 %      4         0.01 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

TOTAL

    $ 1,055,419,697.24         100.00 %      47,813         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1) Aggregate Principal Balances include some portion of accrued interest.
(2) Percentages may not add to 100% because of rounding.
(3) States and Territories with Aggregate Principal Balances less than $1,000,000 each.

AmeriCredit Automobile Receivables Trust 2014-3

Final Pool as of the Cutoff Date

8/19/2014

 

Distribution of the Automobile Loan Contracts by Wholesale LTV

as of the Cutoff Date

 

     Wholesale LTV (1)
Range		   % of Aggregate
Principal
Balance (2)(3)		  
   Less than 100%     24.15 % 
   100-109     22.50 % 
   110-119     24.69 % 
   120-129     18.64 % 
   130-139     8.66 % 
   140-149     1.23 % 
   150 and greater     0.14 % 
  

 

  

 

 

  

Weighted Average Wholesale LTV

    110%     100.00 % 

 

(1) Wholesale LTV is calculated using the total amount financed, which may include taxes, title fees and ancillary products over the wholesale auction value of the financed vehicle at the time the vehicle is financed. The vehicle value at origination is determined by using NADA or “Kelley Blue Book Trade-in” prices for used vehicles or dealer invoice/dealer wholesale price for new vehicles.
(2) Wholesale LTV was not available or could not be calculated on certain accounts and these accounts are not included in the table above. Since these accounts are not included in the Wholesale LTV table, the Aggregate Principal Balance may be less than the total pool.
(3) Percentages may not add up to 100% because of rounding.

AmeriCredit Automobile Receivables Trust 2014-3

Final Pool as of the Cutoff Date

8/19/2014

 

Distribution of the Automobile Loan Contracts by Vehicle Make

as of the Cutoff Date

 

Vehicle Make

    Aggregate
Principal
Balance (1)		      % of Aggregate
Principal Balance (2)		     Number of
Automobile
Loan Contracts		      % of Total Number
of Automobile
Loan Contracts (2)		  

BMW

    $ 10,593,940.48         1.00 %      461         0.96 % 

Buick(3)

      26,560,381.41         2.52 %      1,088         2.28 % 

Cadillac(3)

      20,399,948.12         1.93 %      775         1.62 % 

Chevrolet(3)

      360,845,965.99         34.19 %      14,798         30.95 % 

Chrysler

      24,695,059.12         2.34 %      1,347         2.82 % 

Dodge

      97,618,578.26         9.25 %      4,339         9.07 % 

Ford

      91,932,158.85         8.71 %      4,367         9.13 % 

GMC(3)

      58,286,202.37         5.52 %      1,892         3.96 % 

Honda

      30,252,865.76         2.87 %      1,611         3.37 % 

Hyundai

      39,538,726.30         3.75 %      2,111         4.42 % 

Jeep

      36,043,551.12         3.42 %      1,606         3.36 % 

Kia

      47,488,815.12         4.50 %      2,506         5.24 % 

Mazda

      10,688,848.50         1.01 %      631         1.32 % 

Mercedes

      14,069,590.03         1.33 %      552         1.15 % 

Nissan

      72,091,892.10         6.83 %      3,698         7.73 % 

Toyota

      47,779,446.21         4.53 %      2,398         5.02 % 

Volkswagen

      12,386,858.12         1.17 %      702         1.47 % 

Other (4)

      54,146,869.38         5.13 %      2,931         6.13 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

    $ 1,055,419,697.24         100.00 %      47,813         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1) Aggregate Principal Balances include some portion of accrued interest.
(2) Percentages may not add to 100% because of rounding.
(3) The total Aggregate Principal Balance of all new GM vehicles is $307,759,486.29, or approximately 29% of the total pool.
(4) Aggregate Principal Balance of less than 1% of Total Aggregate Principal Balance per vehicle make.

Distribution of the Automobile Loan Contracts by Vehicle Segment

as of the Cutoff Date

 

Vehicle Segment (1)

    Aggregate
Principal
Balance (2)		      % of Aggregate
Principal Balance (3)		     Number of
Automobile
Loan Contracts		      % of Total Number
of Automobile
Loan Contracts (3)		  

Full-Size Car

    $ 4,545,780.10         0.43 %      199         0.42 % 

Full-Size Van/Truck

      170,248,509.21         16.13 %      5,507         11.52 % 

Full-Size SUV

      57,734,032.62         5.47 %      1,981         4.14 % 

Mid-Size Car

      261,018,924.83         24.73 %      12,752         26.67 % 

Mid-Size SUV

      248,548,648.44         23.55 %      11,096         23.21 % 

Economy/Compact Car

      193,377,934.22         18.32 %      10,767         22.52 % 

Compact Van/Truck

      34,075,032.88         3.23 %      1,804         3.77 % 

Sports Car

      83,846,100.52         7.94 %      3,628         7.59 % 

Segment Unavailable (4)

      2,024,734.42         0.19 %      79         0.17 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

    $ 1,055,419,697.24         100.00 %      47,813         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1) Categories reflect consolidated categories based on J.D. Power defined segments.
(2) Aggregate Principal Balances include some portion of accrued interest.
(3) Percentages may not add up to 100% because of rounding.
(4) Vehicle segmentation was not available for certain accounts at the time the pool was selected.

AmeriCredit Automobile Receivables Trust 2014-3

Final Pool as of the Cutoff Date

8/19/2014

 

Historical Delinquency Experience of the Automobile Loan Contracts

as of the Cutoff Date

 

Number of Times

Ever 31 to 60 Days

Delinquent

    Aggregate
Principal
Balance (1)		      % of Aggregate
Principal Balance (2)		     Number of
Automobile
Loan Contracts		      % of Total Number
of Automobile
Loan Contracts (2)		  

0

    $ 1,029,213,229.11         97.52 %      45,274         94.69 % 

1

      9,580,570.35         0.91 %      581         1.22 % 

2+

      16,625,897.78         1.58 %      1,958         4.10 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

    $ 1,055,419,697.24         100.00 %      47,813         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

 

(1) Aggregate Principal Balances include some portion of accrued interest.
(2) Percentages may not add to 100% because of rounding.

 

Number of Times

Ever 61 to 90 Days

Delinquent

    Aggregate
Principal
Balance (1)		      % of Aggregate
Principal Balance (2)		     Number of
Automobile
Loan Contracts		      % of Total Number
of Automobile
Loan Contracts (2)		  

0

    $ 1,045,720,068.08         99.08 %      46,695         97.66 % 

1

      2,925,687.77         0.28 %      318         0.67 % 

2+

      6,773,941.39         0.64 %      800         1.67 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

    $ 1,055,419,697.24         100.00 %      47,813         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

 

(1) Aggregate Principal Balances include some portion of accrued interest.
(2) Percentages may not add to 100% because of rounding.

 

Number of Times

Ever Greater Than

90 Days Delinquent

    Aggregate
Principal
Balance (1)		      % of Aggregate
Principal Balance (2)		     Number of
Automobile
Loan Contracts		      % of Total Number
of Automobile
Loan Contracts (2)		  

0

    $ 1,053,413,868.26         99.81 %      47,573         99.50 % 

1

      1,419,823.15         0.13 %      171         0.36 % 

2+

      586,005.83         0.06 %      69         0.14 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

    $ 1,055,419,697.24         100.00 %      47,813         100.00 % 
  

 

 

     

 

 

    

 

 

     

 

 

  

 

 

(1) Aggregate Principal Balances include some portion of accrued interest.
(2) Percentages may not add to 100% because of rounding.