Ford Credit Auto Owner Trust 2025-C
Monthly Investor Report
| | | | | |
| Collection Period | February 2026 |
| Payment Date | 3/16/2026 |
| Transaction Month | 4 | |
Additional information about the structure, cashflows, defined terms and parties for this transaction can be found in the prospectus, available on the SEC website (http://www.sec.gov) under the registration number 333-281130 and at https://www.ford.com/finance/investor-center/asset-backed-securitization.
I. ORIGINAL DEAL PARAMETERS
| | | | | | | | | | | | | | | | | |
| Dollar Amount | | # of Receivables | | Weighted Avg Remaining Term at Cutoff |
| Initial Pool Balance | $ | 1,096,614,974.63 | | | 29,520 | | 55.0 months |
| | | | | |
| Dollar Amount | | Note Interest Rate | | Final Scheduled Payment Date |
| Original Securities | | | | | |
| Class A-1 Notes | $ | 240,000,000.00 | | | 3.993 | % | | December 15, 2026 |
| Class A-2a Notes | $ | 220,000,000.00 | | | 3.99 | % | | September 15, 2028 |
| Class A-2b Notes | $ | 128,000,000.00 | | | 4.01819 | % | * | September 15, 2028 |
| Class A-3 Notes | $ | 348,000,000.00 | | | 3.90 | % | | June 15, 2030 |
| Class A-4 Notes | $ | 64,000,000.00 | | | 3.98 | % | | January 15, 2032 |
| Class B Notes | $ | 31,580,000.00 | | | 4.22 | % | | January 15, 2032 |
| Class C Notes | $ | 21,050,000.00 | | | 0.00 | % | | May 15, 2033 |
| Total | $ | 1,052,630,000.00 | | | | | |
| | | * 30-day average SOFR + 0.36% |
II. AVAILABLE FUNDS
| | | | | |
| Interest: | |
| Interest Collections | $ | 4,035,310.48 | |
| |
| Principal: | |
| Principal Collections | $ | 20,488,335.68 | |
| Prepayments in Full | $ | 10,064,856.73 | |
| Liquidation Proceeds | $ | 33,582.61 | |
| Recoveries | $ | 0.00 | |
| Sub Total | $ | 30,586,775.02 | |
| Collections | $ | 34,622,085.50 | |
| |
| Purchase Amounts: | |
| Purchase Amounts Related to Principal | $ | 205,520.96 | |
| Purchase Amounts Related to Interest | $ | 166.40 | |
| Sub Total | $ | 205,687.36 | |
| |
| Clean-up Call | $ | 0.00 | |
| |
| Reserve Account Draw Amount | $ | 0.00 | |
| |
| Available Funds - Total | $ | 34,827,772.86 | |
Ford Credit Auto Owner Trust 2025-C
Monthly Investor Report
| | | | | |
| Collection Period | February 2026 |
| Payment Date | 3/16/2026 |
| Transaction Month | 4 | |
III. DISTRIBUTIONS
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Calculated Amount | | Amount Paid | | Shortfall | | Carryover Shortfall | | Remaining Available Funds |
| Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 34,827,772.86 | |
| Servicing Fee | $ | 828,462.47 | | | $ | 828,462.47 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 33,999,310.39 | |
| Interest - Class A-1 Notes | $ | 405,940.95 | | | $ | 405,940.95 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 33,593,369.44 | |
| Interest - Class A-2a Notes | $ | 731,500.00 | | | $ | 731,500.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 32,861,869.44 | |
| Interest - Class A-2b Notes | $ | 385,746.24 | | | $ | 385,746.24 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 32,476,123.20 | |
| Interest - Class A-3 Notes | $ | 1,131,000.00 | | | $ | 1,131,000.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 31,345,123.20 | |
| Interest - Class A-4 Notes | $ | 212,266.67 | | | $ | 212,266.67 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 31,132,856.53 | |
| First Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 31,132,856.53 | |
| Interest - Class B Notes | $ | 111,056.33 | | | $ | 111,056.33 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 31,021,800.20 | |
| Second Priority Principal Payment | $ | 1,226,247.37 | | | $ | 1,226,247.37 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 29,795,552.83 | |
| Interest - Class C Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 29,795,552.83 | |
| Reserve Account Deposit | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 29,795,552.83 | |
| Regular Principal Payment | $ | 134,324,617.87 | | | $ | 29,795,552.83 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Residual Released to Depositor | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | | | $ | 34,827,772.86 | | | | | | | |
| | | | | | | | | |
| Principal Payment: | | | | | | | | | |
| First Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Second Priority Principal Payment | | | | | | | | | $ | 1,226,247.37 | |
| Regular Principal Payment | | | | | | | | | $ | 29,795,552.83 | |
| Total | | | | | | | | | $ | 31,021,800.20 | |
| | | | | | | | | |
IV. NOTEHOLDER PAYMENTS
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Noteholder Principal Payments | | Noteholder Interest Payments | | Total Payment |
| | | Per $1,000 of | | | | Per $1,000 of | | | | Per $1,000 of |
| Actual | | Original Balance | | Actual | | Original Balance | | Actual | | Original Balance |
| Class A-1 Notes | $ | 31,021,800.20 | | | $ | 129.26 | | | $ | 405,940.95 | | | $ | 1.69 | | | $ | 31,427,741.15 | | | $ | 130.95 | |
| Class A-2a Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 731,500.00 | | | $ | 3.33 | | | $ | 731,500.00 | | | $ | 3.33 | |
| Class A-2b Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 385,746.24 | | | $ | 3.01 | | | $ | 385,746.24 | | | $ | 3.01 | |
| Class A-3 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 1,131,000.00 | | | $ | 3.25 | | | $ | 1,131,000.00 | | | $ | 3.25 | |
| Class A-4 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 212,266.67 | | | $ | 3.32 | | | $ | 212,266.67 | | | $ | 3.32 | |
| Class B Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 111,056.33 | | | $ | 3.52 | | | $ | 111,056.33 | | | $ | 3.52 | |
| Class C Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | $ | 31,021,800.20 | | | $ | 29.47 | | | $ | 2,977,510.19 | | | $ | 2.83 | | | $ | 33,999,310.39 | | | $ | 32.30 | |
| | | | | | | | | | | |
Ford Credit Auto Owner Trust 2025-C
Monthly Investor Report
| | | | | |
| Collection Period | February 2026 |
| Payment Date | 3/16/2026 |
| Transaction Month | 4 | |
V. NOTE BALANCE AND POOL INFORMATION
| | | | | | | | | | | | | | | | | | | | | | | |
| Beginning of Period | | End of Period |
| Balance | | Note Factor | | Balance | | Note Factor |
| Class A-1 Notes | $ | 135,550,865.24 | | | 0.5647953 | | $ | 104,529,065.04 | | | 0.4355378 |
| Class A-2a Notes | $ | 220,000,000.00 | | | 1.0000000 | | $ | 220,000,000.00 | | | 1.0000000 |
| Class A-2b Notes | $ | 128,000,000.00 | | | 1.0000000 | | $ | 128,000,000.00 | | | 1.0000000 |
| Class A-3 Notes | $ | 348,000,000.00 | | | 1.0000000 | | $ | 348,000,000.00 | | | 1.0000000 |
| Class A-4 Notes | $ | 64,000,000.00 | | | 1.0000000 | | $ | 64,000,000.00 | | | 1.0000000 |
| Class B Notes | $ | 31,580,000.00 | | | 1.0000000 | | $ | 31,580,000.00 | | | 1.0000000 |
| Class C Notes | $ | 21,050,000.00 | | | 1.0000000 | | $ | 21,050,000.00 | | | 1.0000000 |
| Total | $ | 948,180,865.24 | | | 0.9007732 | | $ | 917,159,065.04 | | | 0.8713024 |
| | | | | | | | | | | |
| Pool Information | | | |
| Weighted Average APR | 5.185 | % | | 5.197 | % |
| Weighted Average Remaining Term | 52.82 | | 52.09 |
| Number of Receivables Outstanding | 27,894 | | 27,349 |
| Pool Balance | $ | 994,154,969.99 | | | $ | 963,293,496.68 | |
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 955,180,030.60 | | | $ | 925,904,617.87 | |
| Pool Factor | 0.9065670 | | 0.8784245 |
| | | |
VI. OVERCOLLATERALIZATION INFORMATION
| | | | | |
| Specified Reserve Balance | $ | 2,631,581.17 | |
| Yield Supplement Overcollateralization Amount | $ | 37,388,878.81 | |
| Targeted Overcollateralization Amount | $ | 58,441,528.18 | |
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 46,134,431.64 | |
| |
VII. RECONCILIATION OF RESERVE ACCOUNT
| | | | | |
| Beginning Reserve Account Balance | $ | 2,631,581.17 | |
| Reserve Account Deposits Made | $ | 0.00 | |
| Reserve Account Draw Amount | $ | 0.00 | |
| Ending Reserve Account Balance | $ | 2,631,581.17 | |
| Change in Reserve Account Balance | $ | 0.00 | |
| Specified Reserve Balance | $ | 2,631,581.17 | |
| |
Ford Credit Auto Owner Trust 2025-C
Monthly Investor Report
| | | | | |
| Collection Period | February 2026 |
| Payment Date | 3/16/2026 |
| Transaction Month | 4 | |
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| | | | | | | | | | | | | | | | | |
| | | # of Receivables | | Amount |
| Current Collection Period Loss: | | | | | |
| Realized Loss (Charge-Offs) | | | 37 | | $ | 69,177.33 | |
| (Recoveries) | | | 0 | | $ | 0.00 | |
| Net Loss for Current Collection Period | | | | | $ | 69,177.33 | |
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | | | | | 0.0835 | % |
| | | | | |
| Prior and Current Collection Periods Average Loss: | | | | | |
| | | | | |
| Ratio of Net Loss to the Average Pool Balance (annualized) | | | | | |
| Third Prior Collection Period | | | | | 0.0002 | % |
| Second Prior Collection Period | | 0.0004 | % |
| Prior Collection Period | | | | | 0.0285 | % |
| Current Collection Period | | | | | 0.0848 | % |
| Four Month Average (Current and Prior Three Collection Periods) | | | | | 0.0285 | % |
| | | | | |
| Cumulative Loss: | | | | | |
| Cumulative Realized Loss (Charge-Offs) | | | 124 | | $ | 93,660.25 | |
| (Cumulative Recoveries) | | | | | $ | 0.00 | |
| Cumulative Net Loss for All Collection Periods | | | | | $ | 93,660.25 | |
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | | | | 0.0085 | % |
| | | | | |
| Average Realized Loss for Receivables that have experienced a Realized Loss | | | | | $ | 755.32 | |
| Average Net Loss for Receivables that have experienced a Realized Loss | | | | | $ | 755.32 | |
| | | | | |
| % of EOP Pool Balance | | # of Receivables | | Amount |
| Delinquent Receivables: | | | | | |
| 31-60 Days Delinquent | 0.42 | % | | 99 | | $ | 4,031,616.18 | |
| 61-90 Days Delinquent | 0.05 | % | | 13 | | $ | 434,690.39 | |
| 91-120 Days Delinquent | 0.01 | % | | 1 | | $ | 55,915.11 | |
| Over 120 Days Delinquent | 0.00 | % | | 0 | | $ | 0.00 | |
| Total Delinquent Receivables | 0.47 | % | | 113 | | $ | 4,522,221.68 | |
|
| Repossession Inventory: | | | | | |
| Repossessed in the Current Collection Period | | | 10 | | $ | 489,026.41 | |
| Total Repossessed Inventory | | | 14 | | $ | 704,531.72 | |
| | | | | |
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | | |
| Second Prior Collection Period | | | | | 0.0246 | % |
| Prior Collection Period | | | | | 0.0538 | % |
| Current Collection Period | | | | | 0.0512 | % |
| Three Month Average | | | | | 0.0432 | % |
| | | | | |
| Delinquency Trigger (61+ Delinquent Receivables) | | | | | |
| Transaction Month | Trigger | | | | |
| 1-12 | 0.80% | | | | |
| 13-24 | 1.30% | | | | |
| 25-36 | 2.40% | | | | |
| 37+ | 4.55% | | | | |
| 61+ Delinquent Receivables Balance to EOP Pool Balance | | | | | 0.0509 | % |
| Delinquency Trigger Occurred | | | | | No |
Ford Credit Auto Owner Trust 2025-C
Monthly Investor Report
| | | | | |
| Collection Period | February 2026 |
| Payment Date | 3/16/2026 |
| Transaction Month | 4 | |
| | | | | | | | | | | | | | |
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount |
| | | | |
| 1 Month Extended | | | 52 | $2,678,637.28 |
| 2 Months Extended | | | 63 | $3,231,365.09 |
| 3+ Months Extended | | | 15 | $689,171.69 |
| | | | |
| Total Receivables Extended | 130 | $6,599,174.06 |
IX. REPURCHASE DEMAND ACTIVITY (RULE 15Ga-1)
| | |
| No Activity to report |
|
| Most Recent Form ABS-15G for repurchase demand activity |
|
| Filed by: Ford Motor Credit Company LLC |
| CIK#: 0000038009 |
| Date: February 6, 2026 |
|
X. FLOATING RATE BENCHMARK: BENCHMARK TRANSITION
| | | | | |
| Benchmark Transition Event: | N/A |
| |
| Benchmark Replacement Date: | N/A |
| |
| Unadjusted Benchmark Replacement: | N/A |
| |
| Benchmark Replacement Adjustment: | N/A |
| |
| Benchmark Replacement Conforming Changes: | N/A |
| |
SERVICER CERTIFICATION
THIS REPORT IS ACCURATE IN ALL MATERIAL RESPECTS.
Ford Motor Credit Company LLC
/s/ Ryan M. Hershberger
Assistant Treasurer