Exhibit 99.1
SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
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MONTHLY SERVICER REPORT -- Honda Auto Receivables 2024-3 Owner Trust |
Collection Period: February 1, 2026 through February 28, 2026 |
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Deal Age |
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19 |
Determination Date: 03/18/2026 |
Actual/360 Days |
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28 |
Record Date: 03/22/2026 |
30/360 Days |
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30 |
Payment Date: 03/23/2026 |
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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$ |
2,159,244,265.00 |
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|
94,853 |
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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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$ |
542,000,000.00 |
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|
25.10 |
% |
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|
5.320 |
% |
|
August 21, 2025 |
Class A-2 Notes |
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30/360 |
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$ |
697,800,000.00 |
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32.32 |
% |
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|
4.890 |
% |
|
February 22, 2027 |
Class A-3 Notes |
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30/360 |
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$ |
768,000,000.00 |
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|
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35.57 |
% |
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|
4.570 |
% |
|
March 21, 2029 |
Class A-4 Notes |
|
30/360 |
|
$ |
97,470,000.00 |
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|
|
4.51 |
% |
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|
4.510 |
% |
|
November 21, 2030 |
Certificates |
|
30/360 |
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$ |
53,974,265.00 |
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2.50 |
% |
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|
0.000 |
% |
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Total Securities Balance |
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|
$ |
2,159,244,265.00 |
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Total Note Balance |
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$ |
2,105,270,000.00 |
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Reserve Account Initial Deposit |
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$ |
5,398,110.66 |
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Yield Supplement Account Deposit |
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$ |
139,135,749.41 |
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COLLECTIONS
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Interest Collections |
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Simple Interest Collections |
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$ |
3,934,125.64 |
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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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$ |
3,934,125.64 |
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* Advances are reimbursed (including outstanding advances of $0.00): |
(i) from subsequent payments, liquidation proceeds and servicer repurchase payments in respect of the related obligor, and |
(ii) to the extent amounts in clause (i) are insufficient, generally from interest (with respect to interest advances). |
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Principal Collections |
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Principal Collections |
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$ |
35,040,539.63 |
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Prepayments in Full |
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$ |
13,779,321.91 |
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Liquidation Proceeds |
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$ |
407,916.79 |
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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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$ |
196,876.59 |
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Total Principal Collections |
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$ |
49,424,654.92 |
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Total Interest and Principal Collections |
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$ |
53,358,780.56 |
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Yield Supplement Deposit |
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$ |
3,013,422.68 |
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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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$ |
56,372,203.24 |
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SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
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MONTHLY SERVICER REPORT -- Honda Auto Receivables 2024-3 Owner Trust |
Collection Period: February 1, 2026 through February 28, 2026 |
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Deal Age |
|
19 |
Determination Date: 03/18/2026 |
Actual/360 Days |
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28 |
Record Date: 03/22/2026 |
30/360 Days |
|
30 |
Payment Date: 03/23/2026 |
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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$ |
784,622.17 |
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$ |
784,622.17 |
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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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$ |
0.00 |
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$ |
0.00 |
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$ |
0.00 |
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Interest - Class A-2 Notes |
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$ |
90,067.04 |
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$ |
90,067.04 |
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$ |
0.00 |
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Interest - Class A-3 Notes |
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$ |
2,924,800.00 |
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$ |
2,924,800.00 |
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$ |
0.00 |
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Interest - Class A-4 Notes |
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$ |
366,324.75 |
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$ |
366,324.75 |
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$ |
0.00 |
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Total Monthly Interest |
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$ |
3,381,191.79 |
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$ |
3,381,191.79 |
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$ |
0.00 |
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Principal - Class A-1 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-2 Notes |
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|
$ |
22,102,341.83 |
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$ |
22,102,341.83 |
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|
$ |
0.00 |
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Principal - Class A-3 Notes |
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$ |
27,559,913.46 |
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$ |
27,559,913.46 |
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|
$ |
0.00 |
|
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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$ |
49,662,255.29 |
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$ |
49,662,255.29 |
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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 |
|
$ |
2,544,133.99 |
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|
$ |
0.00 |
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$ |
0.00 |
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$ |
0.00 |
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$ |
2,544,133.99 |
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Noteholder/Certificateholder Distributions
(Per $1000 of Original Principal Amount) |
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Fee |
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Interest |
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Interest
Shortfall |
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Principal |
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Principal
Shortfall |
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Amount
Distributed |
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Servicing Fee |
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$ |
0.36 |
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$ |
784,622.17 |
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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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$ |
0.00 |
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|
$ |
0.00 |
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$ |
0.00 |
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|
$ |
0.00 |
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|
$ |
0.00 |
|
Class A-2 Notes |
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|
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|
$ |
0.13 |
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|
$ |
0.00 |
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|
$ |
31.67 |
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|
$ |
0.00 |
|
|
$ |
22,192,408.87 |
|
Class A-3 Notes |
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|
|
|
$ |
3.81 |
|
|
$ |
0.00 |
|
|
$ |
35.89 |
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|
$ |
0.00 |
|
|
$ |
30,484,713.46 |
|
Class A-4 Notes |
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|
|
|
$ |
3.76 |
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|
$ |
0.00 |
|
|
$ |
0.00 |
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|
$ |
0.00 |
|
|
$ |
366,324.75 |
|
Certificates |
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|
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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 2024-3 Owner Trust |
Collection Period: February 1, 2026 through February 28, 2026 |
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|
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|
|
|
|
|
|
|
|
|
|
Deal Age |
|
19 |
Determination Date: 03/18/2026 |
Actual/360 Days |
|
28 |
Record Date: 03/22/2026 |
30/360 Days |
|
30 |
Payment Date: 03/23/2026 |
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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|
$ |
0.00 |
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|
0.0000000 |
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|
$ |
0.00 |
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|
|
0.0000000 |
|
Class A-2 Notes |
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
22,102,341.83 |
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|
|
0.0316743 |
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|
$ |
0.00 |
|
|
|
0.0000000 |
|
Class A-3 Notes |
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
768,000,000.00 |
|
|
|
1.0000000 |
|
|
$ |
740,440,086.54 |
|
|
|
0.9641147 |
|
Class A-4 Notes |
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
97,470,000.00 |
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|
|
1.0000000 |
|
|
$ |
97,470,000.00 |
|
|
|
1.0000000 |
|
Certificates |
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
53,974,265.00 |
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|
|
1.0000000 |
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|
$ |
53,974,265.00 |
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|
|
1.0000000 |
|
Total Securities |
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|
|
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|
$ |
941,546,606.83 |
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|
|
0.4360538 |
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|
$ |
891,884,351.54 |
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|
|
0.4130539 |
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Total Notes |
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|
$ |
887,572,341.83 |
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|
|
0.4215955 |
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|
$ |
837,910,086.54 |
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|
|
0.3980060 |
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Portfolio Information |
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Original |
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|
Prior Month |
|
|
Current Month |
|
Weighted Average Coupon (WAC) |
|
|
4.71 |
% |
|
|
5.04 |
% |
|
|
5.07 |
% |
Weighted Average Remaining Maturity (WAM) |
|
|
49.44 |
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|
|
34.35 |
|
|
|
33.65 |
|
Weighted Average Original Maturity (WAOM) |
|
|
61.30 |
|
|
|
|
|
|
|
Remaining Number of Receivables |
|
|
94,853 |
|
|
|
63,360 |
|
|
|
61,638 |
|
Portfolio Receivable Balance |
|
$ |
2,159,244,265.00 |
|
|
$ |
941,546,606.83 |
|
|
$ |
891,884,351.54 |
|
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 |
|
|
|
|
|
$ |
842,393.75 |
|
Liquidation Proceeds |
|
|
|
|
|
$ |
407,916.79 |
|
Recoveries on Previously Defaulted Contracts |
|
|
|
|
|
$ |
196,876.59 |
|
Aggregate Net Losses for Collection Period |
|
|
|
|
|
$ |
237,600.37 |
|
Net Loss Rate for Collection Period's Average Balance (annualized) |
|
|
|
|
0.31 |
% |
Cumulative Net Losses for all Periods |
|
|
|
|
|
$ |
5,744,740.41 |
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|
Delinquent Receivables |
|
# Units |
|
|
% Unit |
|
|
Dollar Amount |
|
|
% Dollar |
|
31-60 Days Delinquent |
|
|
423 |
|
|
|
0.69 |
% |
|
$ |
7,903,987.58 |
|
|
|
0.89 |
% |
61-90 Days Delinquent |
|
|
103 |
|
|
|
0.17 |
% |
|
$ |
1,783,757.81 |
|
|
|
0.20 |
% |
91-120 Days Delinquent |
|
|
24 |
|
|
|
0.04 |
% |
|
$ |
346,683.13 |
|
|
|
0.04 |
% |
121 Days or More Delinquent |
|
|
0 |
|
|
|
0.00 |
% |
|
$ |
0.00 |
|
|
|
0.00 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
Repossession Activity |
|
# Units |
|
|
% Unit |
|
|
Dollar Amount |
|
|
% Dollar |
|
Vehicles Repossessed During Collection Period |
|
|
19 |
|
|
|
0.03 |
% |
|
$ |
513,566.25 |
|
|
|
0.06 |
% |
Total Accumulated Repossessed Vehicles in Inventory |
|
|
38 |
|
|
|
0.06 |
% |
|
$ |
1,012,607.78 |
|
|
|
0.11 |
% |
SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
|
|
|
|
|
|
|
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2024-3 Owner Trust |
Collection Period: February 1, 2026 through February 28, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Deal Age |
|
19 |
Determination Date: 03/18/2026 |
Actual/360 Days |
|
28 |
Record Date: 03/22/2026 |
30/360 Days |
|
30 |
Payment Date: 03/23/2026 |
DELINQUENCY AND NET LOSS ACTIVITY
|
|
|
|
|
|
|
|
|
Net Loss and Delinquency Ratios |
|
|
|
|
|
|
|
Ratio of Net Losses to the Pool Balance as of Each Collection Period |
|
Third Preceding Collection Period |
|
|
|
|
|
|
0.16 |
% |
Second Preceding Collection Period |
|
|
|
|
|
|
0.40 |
% |
Preceding Collection Period |
|
|
|
|
|
|
0.77 |
% |
Current Collection Period |
|
|
|
|
|
|
0.31 |
% |
Four Month Average |
|
|
|
|
|
|
0.41 |
% |
Ratio of Number of Contracts Delinquent 61 Days or More to the Outstanding Number of Receivables (includes repossessions in inventory) |
|
|
|
Second Preceding Collection Period |
|
|
|
|
|
|
0.32 |
% |
Preceding Collection Period |
|
|
|
|
|
|
0.34 |
% |
Current Collection Period |
|
|
|
|
|
|
0.27 |
% |
Three Month Average |
|
|
|
|
|
|
0.31 |
% |
|
|
|
|
|
|
|
|
|
Delinquency Trigger |
|
4.80% |
|
Delinquency Percentage exceeds Delinquency Trigger: |
|
No |
Delinquency Percentage - |
|
0.24% |
|
|
|
|
|
|
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 |
|
40 |
|
|
$ |
842,393.75 |
|
|
|
547 |
|
|
$ |
13,839,786.39 |
|
Liquidation Proceeds and Recoveries
on Defaulted Receivables |
|
73 |
|
|
$ |
604,066.82 |
|
|
|
463 |
|
|
$ |
8,069,799.81 |
|
Net Loss Amount |
|
40 |
|
|
$ |
238,326.93 |
|
|
|
547 |
|
|
$ |
5,769,986.58 |
|
Net Loss % of Average
Portfolio Balance (Annualized) |
|
|
|
|
0.31 |
% |
|
|
|
|
|
|
Cumulative Net Loss %
of Initial Balance |
|
|
|
|
|
|
|
|
|
|
0.27 |
% |
Average Net Loss of
Assets Experiencing a Loss |
|
|
|
|
|
|
|
|
|
$ |
10,548.42 |
|
CREDIT ENHANCEMENT
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of Reserve Account |
|
|
|
|
Reconciliation of Yield Supplement Account |
|
Beginning Reserve Account Balance |
|
$ |
5,398,110.66 |
|
|
Beginning Yield Supplement
Account Balance |
|
$ |
36,783,958.18 |
|
Investment Earnings |
|
$ |
14,914.99 |
|
|
Investment Earnings |
|
$ |
107,578.50 |
|
Excess Interest Deposited into the Reserve Account |
|
$ |
0.00 |
|
|
Additional Yield Supplement Amounts |
|
$ |
0.00 |
|
Investment Withdrawal to Seller |
|
$ |
(14,914.99 |
) |
|
Yield Supplement Withdrawal Amount |
|
$ |
3,013,422.68 |
|
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 |
|
$ |
5,398,110.66 |
|
|
Ending Yield Supplement Account Balance |
|
$ |
33,878,114.00 |
|
|
|
|
|
|
|
|
|
|
Reserve Account Required Amount |
|
$ |
5,398,110.66 |
|
|
|
|
|
|
SERVICER’S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
|
|
|
|
|
|
|
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2024-3 Owner Trust |
Collection Period: February 1, 2026 through February 28, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Deal Age |
|
19 |
Determination Date: 03/18/2026 |
Actual/360 Days |
|
28 |
Record Date: 03/22/2026 |
30/360 Days |
|
30 |
Payment Date: 03/23/2026 |
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 and Treasurer |
|
|
