Exhibit 99.1
SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
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MONTHLY SERVICER REPORT -- Honda Auto Receivables 2025-1 Owner Trust |
Collection Period: March 1, 2025 through March 31, 2025 |
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Deal Age |
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2 |
Determination Date: 04/16/2025 |
Actual/360 Days |
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31 |
Record Date: 04/20/2025 |
30/360 Days |
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30 |
Payment Date: 04/21/2025 |
ORIGINAL DEAL PARAMETERS
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Dollar Amount |
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Number of Receivables |
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Total Portfolio Balance |
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$ |
2,429,150,798.03 |
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104,073 |
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Accrual Basis |
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Dollar Amount |
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% of Pool |
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Interest Rate |
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Final Scheduled
Maturity Date |
Class A-1 Notes |
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Actual/360 |
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$ |
600,000,000.00 |
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24.70 |
% |
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|
4.410 |
% |
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February 23, 2026 |
Class A-2 Notes |
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30/360 |
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$ |
745,500,000.00 |
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30.69 |
% |
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4.530 |
% |
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August 23, 2027 |
Class A-3 Notes |
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30/360 |
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$ |
891,500,000.00 |
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36.70 |
% |
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4.570 |
% |
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September 21, 2029 |
Class A-4 Notes |
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30/360 |
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$ |
131,422,000.00 |
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5.41 |
% |
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|
4.640 |
% |
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May 21, 2031 |
Certificates |
|
30/360 |
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$ |
60,728,798.03 |
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2.50 |
% |
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0.000 |
% |
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Total Securities Balance |
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$ |
2,429,150,798.03 |
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Total Note Balance |
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$ |
2,368,422,000.00 |
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Reserve Account Initial Deposit |
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$ |
6,072,877.00 |
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Yield Supplement Account Deposit |
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$ |
138,735,807.44 |
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COLLECTIONS
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Interest Collections |
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Simple Interest Collections |
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$ |
8,859,947.31 |
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Interest Related to Repurchased Receivables |
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$ |
0.00 |
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Interest Advance for simple Interest - Net * |
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$ |
0.00 |
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Total Interest Collections |
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$ |
8,859,947.31 |
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* Advances are reimbursed (including outstanding advances of $0.00): |
(i) from subsequent payments, liquidation proceeds and servicer repurchase payments in respect of the related obligor, and |
(ii) to the extent amounts in clause (i) are insufficient, generally from interest (with respect to interest advances). |
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Principal Collections |
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Principal Collections |
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$ |
57,999,473.55 |
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Prepayments in Full |
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$ |
25,999,212.94 |
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Liquidation Proceeds |
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$ |
59,208.47 |
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Principal Related to Repurchased Receivables |
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$ |
0.00 |
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Recoveries from Prior Month Charge Offs |
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$ |
0.00 |
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Total Principal Collections |
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$ |
84,057,894.96 |
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Total Interest and Principal Collections |
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$ |
92,917,842.27 |
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Yield Supplement Deposit |
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$ |
7,540,964.94 |
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Collection Account Investment Earnings |
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$ |
0.00 |
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Total Available Amount |
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$ |
100,458,807.21 |
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SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
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MONTHLY SERVICER REPORT -- Honda Auto Receivables 2025-1 Owner Trust |
Collection Period: March 1, 2025 through March 31, 2025 |
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Deal Age |
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2 |
Determination Date: 04/16/2025 |
Actual/360 Days |
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31 |
Record Date: 04/20/2025 |
30/360 Days |
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30 |
Payment Date: 04/21/2025 |
DISTRIBUTIONS
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Note Percentage |
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100.00 |
% |
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Certificate Percentage |
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0.00 |
% |
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Amount Due |
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Amount Paid |
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Shortfall |
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Total Servicing Fee |
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1.00 |
% |
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$ |
1,887,450.83 |
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$ |
1,887,450.83 |
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$ |
0.00 |
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Trustee Fees |
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$ |
0.00 |
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$ |
0.00 |
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$ |
0.00 |
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Asset Representations Reviewer Fees (Accrued & Unpaid) |
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$ |
0.00 |
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Interest - Class A-1 Notes |
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$ |
1,654,913.29 |
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$ |
1,654,913.29 |
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$ |
0.00 |
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Interest - Class A-2 Notes |
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$ |
2,814,262.50 |
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$ |
2,814,262.50 |
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$ |
0.00 |
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Interest - Class A-3 Notes |
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$ |
3,395,129.17 |
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$ |
3,395,129.17 |
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$ |
0.00 |
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Interest - Class A-4 Notes |
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$ |
508,165.07 |
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$ |
508,165.07 |
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$ |
0.00 |
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Total Monthly Interest |
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$ |
8,372,470.03 |
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$ |
8,372,470.03 |
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$ |
0.00 |
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Principal - Class A-1 Notes |
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$ |
84,089,880.30 |
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$ |
84,089,880.30 |
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$ |
0.00 |
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Principal - Class A-2 Notes |
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$ |
0.00 |
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$ |
0.00 |
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$ |
0.00 |
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Principal - Class A-3 Notes |
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$ |
0.00 |
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$ |
0.00 |
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$ |
0.00 |
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Principal - Class A-4 Notes |
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$ |
0.00 |
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$ |
0.00 |
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$ |
0.00 |
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Total Monthly Principal |
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$ |
84,089,880.30 |
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$ |
84,089,880.30 |
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$ |
0.00 |
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Interest - Certificates |
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$ |
0.00 |
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$ |
0.00 |
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$ |
0.00 |
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Principal - Certificates |
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$ |
0.00 |
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$ |
0.00 |
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$ |
0.00 |
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Available to Deposit |
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Reserve Deposit |
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Reserve Draw |
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Excess Released |
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Released to Seller |
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Reserve Account Deposit |
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$ |
6,109,006.05 |
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$ |
0.00 |
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$ |
0.00 |
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$ |
0.00 |
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$ |
6,109,006.05 |
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Noteholder/Certificateholder Distributions
(Per $1000 of Original Principal Amount) |
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Fee |
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Interest |
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Interest
Shortfall |
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Principal |
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Principal
Shortfall |
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Amount
Distributed |
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Servicing Fee |
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$ |
0.78 |
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$ |
1,887,450.83 |
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Trustee Fees |
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$ |
0.00 |
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Asset Representation Reviewer Fees |
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$ |
0.00 |
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Class A-1 Notes |
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$ |
2.76 |
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$ |
0.00 |
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$ |
140.15 |
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$ |
0.00 |
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|
$ |
85,744,793.59 |
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Class A-2 Notes |
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$ |
3.78 |
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$ |
0.00 |
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$ |
0.00 |
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$ |
0.00 |
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|
$ |
2,814,262.50 |
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Class A-3 Notes |
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$ |
3.81 |
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|
$ |
0.00 |
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|
$ |
0.00 |
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|
$ |
0.00 |
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|
$ |
3,395,129.17 |
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Class A-4 Notes |
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|
$ |
3.87 |
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|
$ |
0.00 |
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|
$ |
0.00 |
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|
$ |
0.00 |
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|
$ |
508,165.07 |
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Certificates |
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$ |
0.00 |
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|
$ |
0.00 |
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|
$ |
0.00 |
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|
$ |
0.00 |
|
|
$ |
0.00 |
|
SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
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|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2025-1 Owner Trust |
Collection Period: March 1, 2025 through March 31, 2025 |
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|
Deal Age |
|
2 |
Determination Date: 04/16/2025 |
Actual/360 Days |
|
31 |
Record Date: 04/20/2025 |
30/360 Days |
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30 |
Payment Date: 04/21/2025 |
POOL DATA
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Proceeding Month |
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Carryover Shortfall |
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Beginning of Period |
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End of Period |
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Interest |
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Principal |
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Balance |
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Note Factor |
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Balance |
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Note Factor |
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Class A-1 Notes |
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$ |
0.00 |
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|
$ |
0.00 |
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|
$ |
435,790,201.76 |
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|
0.7263170 |
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$ |
351,700,321.46 |
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|
0.5861672 |
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Class A-2 Notes |
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$ |
0.00 |
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|
$ |
0.00 |
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|
$ |
745,500,000.00 |
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|
1.0000000 |
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|
$ |
745,500,000.00 |
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|
|
1.0000000 |
|
Class A-3 Notes |
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$ |
0.00 |
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|
$ |
0.00 |
|
|
$ |
891,500,000.00 |
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|
1.0000000 |
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|
$ |
891,500,000.00 |
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|
|
1.0000000 |
|
Class A-4 Notes |
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$ |
0.00 |
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|
$ |
0.00 |
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|
$ |
131,422,000.00 |
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|
1.0000000 |
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|
$ |
131,422,000.00 |
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|
1.0000000 |
|
Certificates |
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$ |
0.00 |
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|
$ |
0.00 |
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|
$ |
60,728,798.03 |
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|
1.0000000 |
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|
$ |
60,728,798.03 |
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|
1.0000000 |
|
Total Securities |
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$ |
2,264,940,999.79 |
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|
0.9324003 |
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$ |
2,180,851,119.49 |
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|
0.8977833 |
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Total Notes |
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$ |
2,204,212,201.76 |
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|
0.9306670 |
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$ |
2,120,122,321.46 |
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|
0.8951624 |
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Portfolio Information |
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Original |
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|
Prior Month |
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|
Current Month |
|
Weighted Average Coupon (WAC) |
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|
4.96 |
% |
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|
4.99 |
% |
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|
5.00 |
% |
Weighted Average Remaining Maturity (WAM) |
|
|
50.39 |
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|
48.40 |
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|
47.59 |
|
Weighted Average Original Maturity (WAOM) |
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|
61.73 |
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|
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|
|
Remaining Number of Receivables |
|
|
104,073 |
|
|
|
101,164 |
|
|
|
99,402 |
|
Portfolio Receivable Balance |
|
$ |
2,429,150,798.03 |
|
|
$ |
2,264,940,999.79 |
|
|
$ |
2,180,851,119.49 |
|
DELINQUENCY AND NET LOSS ACTIVITY
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Net Loss and Delinquency Account Activity |
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Amount |
|
Gross Principal Balance on Defaulted Receivables |
|
|
|
|
|
$ |
91,193.81 |
|
Liquidation Proceeds |
|
|
|
|
|
$ |
59,208.47 |
|
Recoveries on Previously Defaulted Contracts |
|
|
|
|
|
$ |
0.00 |
|
Aggregate Net Losses for Collection Period |
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|
|
|
|
$ |
31,985.34 |
|
Net Loss Rate for Collection Period's Average Balance (annualized) |
|
|
|
|
0.02 |
% |
Cumulative Net Losses for all Periods |
|
|
|
|
|
$ |
46,770.59 |
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Delinquent Receivables |
|
# Units |
|
|
% Unit |
|
|
Dollar Amount |
|
|
% Dollar |
|
31-60 Days Delinquent |
|
|
333 |
|
|
|
0.34 |
% |
|
$ |
7,631,799.18 |
|
|
|
0.35 |
% |
61-90 Days Delinquent |
|
|
55 |
|
|
|
0.06 |
% |
|
$ |
1,267,971.57 |
|
|
|
0.06 |
% |
91-120 Days Delinquent |
|
|
12 |
|
|
|
0.01 |
% |
|
$ |
227,021.60 |
|
|
|
0.01 |
% |
121 Days or More Delinquent |
|
|
0 |
|
|
|
0.00 |
% |
|
$ |
0.00 |
|
|
|
0.00 |
% |
|
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|
|
|
|
|
|
|
|
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Repossession Activity |
|
# Units |
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|
% Unit |
|
|
Dollar Amount |
|
|
% Dollar |
|
Vehicles Repossessed During Collection Period |
|
|
25 |
|
|
|
0.03 |
% |
|
$ |
690,859.00 |
|
|
|
0.03 |
% |
Total Accumulated Repossessed Vehicles in Inventory |
|
|
33 |
|
|
|
0.03 |
% |
|
$ |
911,782.31 |
|
|
|
0.04 |
% |
SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
|
|
|
|
|
|
|
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2025-1 Owner Trust |
Collection Period: March 1, 2025 through March 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Deal Age |
|
2 |
Determination Date: 04/16/2025 |
Actual/360 Days |
|
31 |
Record Date: 04/20/2025 |
30/360 Days |
|
30 |
Payment Date: 04/21/2025 |
DELINQUENCY AND NET LOSS ACTIVITY
|
|
|
|
|
|
|
|
|
Net Loss and Delinquency Ratios |
|
|
|
|
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|
Ratio of Net Losses to the Pool Balance as of Each Collection Period |
|
Third Preceding Collection Period |
|
|
|
|
|
|
0.00 |
% |
Second Preceding Collection Period |
|
|
|
|
|
|
0.00 |
% |
Preceding Collection Period |
|
|
|
|
|
|
0.01 |
% |
Current Collection Period |
|
|
|
|
|
|
0.02 |
% |
Four Month Average |
|
|
|
|
|
|
0.01 |
% |
Ratio of Number of Contracts Delinquent 61 Days or More to the Outstanding Number of Receivables (includes repossessions in inventory) |
|
|
|
Second Preceding Collection Period |
|
|
|
|
|
|
0.00 |
% |
Preceding Collection Period |
|
|
|
|
|
|
0.06 |
% |
Current Collection Period |
|
|
|
|
|
|
0.10 |
% |
Three Month Average |
|
|
|
|
|
|
0.08 |
% |
|
|
|
|
|
|
|
|
|
Delinquency Trigger |
|
4.80% |
|
Delinquency Percentage exceeds Delinquency Trigger: |
|
No |
Delinquency Percentage - |
|
0.07% |
|
|
|
|
|
|
Receivables that are 61 days or more delinquent as a percentage of Current Outstanding Balance of Receivables |
LOSS AND CUMULATIVE LOSS INFORMATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Month |
|
|
Cumulative |
|
For Assets Experiencing a Loss: |
|
Units |
|
|
Amount |
|
|
Units |
|
|
Amount |
|
Gross Principal
on Defaulted Receivables |
|
4 |
|
|
$ |
91,193.81 |
|
|
|
5 |
|
|
$ |
109,368.77 |
|
Liquidation Proceeds and Recoveries
on Defaulted Receivables |
|
4 |
|
|
$ |
59,208.47 |
|
|
|
5 |
|
|
$ |
62,598.18 |
|
Net Loss Amount |
|
4 |
|
|
$ |
31,985.34 |
|
|
|
5 |
|
|
$ |
46,770.59 |
|
Net Loss % of Average
Portfolio Balance (Annualized) |
|
|
|
|
0.02 |
% |
|
|
|
|
|
|
Cumulative Net Loss %
of Initial Balance |
|
|
|
|
|
|
|
|
|
|
0.00 |
% |
Average Net Loss of
Assets Experiencing a Loss |
|
|
|
|
|
|
|
|
|
$ |
9,354.12 |
|
CREDIT ENHANCEMENT
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of Reserve Account |
|
|
|
|
Reconciliation of Yield Supplement Account |
|
Beginning Reserve Account Balance |
|
$ |
6,072,877.00 |
|
|
Beginning Yield Supplement
Account Balance |
|
$ |
121,306,035.05 |
|
Investment Earnings |
|
$ |
22,013.12 |
|
|
Investment Earnings |
|
$ |
478,493.36 |
|
Excess Interest Deposited into the Reserve Account |
|
$ |
0.00 |
|
|
Additional Yield Supplement Amounts |
|
$ |
0.00 |
|
Investment Withdrawal to Seller |
|
$ |
(22,013.12 |
) |
|
Yield Supplement Withdrawal Amount |
|
$ |
7,540,964.94 |
|
Release of Reserve to Collection Account |
|
$ |
0.00 |
|
|
Investment Earnings Withdraw |
|
$ |
0.00 |
|
Release of Reserve to Seller |
|
$ |
0.00 |
|
|
Release of Yield Supplement Account Balance to Seller |
|
$ |
0.00 |
|
Ending Reserve Account Balance |
|
$ |
6,072,877.00 |
|
|
Ending Yield Supplement Account Balance |
|
$ |
114,243,563.47 |
|
|
|
|
|
|
|
|
|
|
Reserve Account Required Amount |
|
$ |
6,072,877.00 |
|
|
|
|
|
|
SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
|
|
|
|
|
|
|
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2025-1 Owner Trust |
Collection Period: March 1, 2025 through March 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Deal Age |
|
2 |
Determination Date: 04/16/2025 |
Actual/360 Days |
|
31 |
Record Date: 04/20/2025 |
30/360 Days |
|
30 |
Payment Date: 04/21/2025 |
REPURCHASE DEMAND ACTIVITY (RULE 15Ga-1)
|
|
|
|
|
|
|
|
|
Is there any activity to report? |
|
|
|
|
|
|
|
No |
|
|
|
|
|
|
|
|
|
STATEMENT TO NOTEHOLDERS
|
|
|
|
|
|
|
|
|
Has there been a material change in practices with respect to charge-offs, collection and management of delinquent receivables, and the effect of any grace period, re-aging, re-structuring, partial payments or other practices on delinquency and loss experience? |
|
No |
|
|
|
|
|
|
|
|
|
Have there been any material modifications, extensions or waivers to receivables terms, fees, penalties or payments during the collection period? |
|
No |
|
|
|
|
|
|
|
|
|
Have there been any material breaches of representations, warranties or covenants contained in the receivables? |
|
|
|
No |
|
|
|
|
|
|
|
|
|
Has there been an issuance of notes or other securities backed by the receivables? |
|
|
|
No |
|
|
|
|
|
|
|
|
|
Has there been a material change in the underwriting, origination or acquisition of receivables? |
|
|
|
No |
|
|
|
|
|
|
|
|
|
SERVICER CERTIFICATION
|
|
|
I hereby certify that the servicing report provided is true and accurate to the best of my knowledge. |
|
|
|
/s/ Paul C. Honda |
|
|
Paul C. Honda |
|
|
Vice President-Finance & Administration and Assistant Secretary |
|
|
