<?xml version="1.0" encoding="utf-8"?>
<assetData>
  <assets>
    <!-- General Comments - Honda Auto Receivables 2026-2 Owner Trust (the "Issuer")
		
		Asset Related Document
		
		This Asset Related Document ("ARD") provides narrative to explain the asset-level data reported in Exhibit 102 to the Form ABS-EE. You should read this ARD and the prospectus for the securities issued by the Issuer completely to understand fully the asset-level data.
		
		For purposes of this ARD, the term "receivable" means any receivable, asset, contract or loan as referred to in 17 CFR 229.1125 (Item 1125 of Regulation AB) Schedule AL - Asset-level information ("Schedule AL"). References to items are references to specific asset level data points listed in Schedule AL.
		
		Explanatory Narrative
		
		General Narrative
		
		Negative Values.  No negative values will be reported for items 3(f)(18) Total actual amount paid, 3(f)(19) Actual interest collected, 3(f)(20) Actual principal collected, or 3(f)(21) Actual other amounts collected. If the total accumulated principal payments for the reporting period are positive then such total will be reported in item 3(f)(20) Actual principal collected, if negative, then the actual principal collected will be reported in item 3(f)(15) Other principal adjustments.   There is no Other interest adjustments item, therefore cumulative negative values of interest will not be reported and will not tie to investor reports. 3(i)(2) Amounts recovered, 3(j)(2) Payment extension, and 3(k)(1) Repossessed proceeds are reported as a negative value if  recoveries, repossession proceeds, or payment extension from a prior reporting period are reversed or corrected in the reporting period.
		
		Loan Term Data Items; Treatment of Partial Months. For items 3(c)(4) Original loan term, 3(c)(12) Grace period,  3(f)(2) Remaining term to maturity, and 3(j)(2) Payment extended number, a partial month (where it crosses over a month) is counted as one month. Item 3(c)(4) Original loan term is the number of months (including partial months) from item 3(c)(2) Origination date to the original loan maturity date.  It should be noted that item 3(c)(5) Loan maturity date is the current loan maturity date.
		
		Examples of calculations:  
		If loan has a start date of 1/1/2016, a maturity of 1/1/2021 and a first payment date of 2/1/2016, then the Original loan term will be 61 months with a grace period of "1".
		
		If loan has start date of 1/1/2016, maturity of 12/31/2020 and a first payment date of 1/31/2016, then the Original loan term will be 60 months with a grace period of "0".
		
		Omitted Items. Always Omitted. Schedule AL items are omitted if inapplicable to the type of receivables in the securitized pool or to this securitization transaction. For this securitization transaction, items 3(c)(9) Original interest-only term, 3(f)(10) Servicing fee - flat-fee, 3(f)(11) Other loan-level servicing fee(s) retained by servicer, and 3(g)(2) Most recent servicing transfer received date are always omitted.
		
		Omitted if Status Not Applicable. Schedule AL items for account status information, such as those for zero balance, repossessed or charged-off accounts, or for accounts subject to a repurchase demand, are omitted if the receivable is not in the particular status in the reporting period. This applies to items 3(f)(24)(i) Zero Balance Effective Date and 2(f)(24)(ii) Zero Balance Code, items 3(h)(1) through 3(h)(5) for Loans Subject to Repurchase Demand, item 3(i)(1) Charged off Principal Amount and 3(i)(2) Amounts Recovered, item 3(j)(1) Modification Type and 3(j)(2) Payment Extensions, and item 3(k)(1) Repossessed Proceeds.
		
		Omitted after Receivable Paid in Full. Receivables that have been paid in full or repurchased from the securitization transaction will not be reported in reporting periods after the final payment or repurchase is reported. 
		
		Omitted after Original Term of Receivable. Items 3(f)(13) Scheduled interest amount, 3(f)(14) Scheduled principal amount, and 3(f)(17) Reporting period scheduled payment amount are omitted for reporting periods after the end of the receivable's original term when no amounts are scheduled.
		
		Scheduled Amounts. Items 3(f)(13) Scheduled interest amount, 3(f)(14) Scheduled principal amount and 3(f)(17) Reporting period scheduled payment amount are based on actual/actual day count method.  The amounts are calculated from the original terms of the loan (Loan Amount, origination date and number of payments).
		
		Item-specific Narrative -->
    <underwritingIndicator />
    <!--  Item 3(c)(11)  Underwriting Indicator - The first level of underwriting criteria used to originate a loan for American Honda Finance Corporation ("AHFC") is done through electronic automatic approval.  -->
    <subvented />
    <!--  Item 3(c)(14)  Subvented - Subvented loans are those where AHFC, as the originator, receives a subsidy payment from its parent, American Honda Motor Co. Inc., to supplement the revenues of the retail contract.  -->
    <vehicleValueSourceCode />
    <!--  Item 3(d)(7)  Source of Vehicle Value - If "98" is reported it means values provided by a leading automotive industry provider (excluding Kelley Blue Book) of vehicle valuations.  If "1" is reported it means that invoice price includes destination and handling fees.  -->
    <obligorCreditScoreType />
    <!--  Item 3(e)(1)  Obligor Credit Score Type - A response of "Credit Bureau" for this item means a national consumer reporting company, which includes FICO(R) Auto Enhanced v8 scores in addition to prior versions. FICO(R) is a federally registered servicemark of Fair Isaac Corporation.  -->
    <obligorIncomeVerificationLevelCode />
    <!--  Item 3(e)(3)  Obligor Income Verification Level - For receivables originated prior to November 1, 2016, income verification will be reported as level "2" Stated not verified, even if verification was performed.  AHFC modified its receivable system on November 1, 2016 to capture more detailed income verification information, but it is not available for receivables originated prior to the system change.  -->
    <obligorEmploymentVerificationCode />
    <!--  Item 3(e)(4)  Obligor Employment Verification - For receivables originated prior to November 1, 2016, employment verification will be reported as level "2" Stated not verified, even if verification was performed.  AHFC modified its receivable system on November 1, 2016 to capture more detailed employment verification information, but it is not available for receivables originated prior to the system change.  -->
    <coObligorIndicator />
    <!--  Item 3(e)(5)  Co-Obligor Present Indicator - Will be true for a co-signer or joint account.  -->
    <paymentToIncomePercentage />
    <!--  Item 3(e)(6)  Payment to Income Ratio - For the total monthly income portion of the calculation the co-obligor`s income is included only for joint account.  Other obligor`s income for a co-signer will not be included.  Additionally, for monthly incomes equal to 0.00, payment-to-income ratios are reported as 0.00.  -->
    <remainingTermToMaturityNumber />
    <!--  Item 3(f)(2)  Remaining Term to Maturity - Remaining term to maturity is reported as "0" for reporting periods after the receivable`s current maturity date.  Only applicable if receivable balance has a balance past due.  -->
    <servicingAdvanceMethodCode />
    <!--  Item 3(f)(4)  Servicing Advance Method - AHFC will report "1" no advancing since AHFC is not required to make an advance, but may choose to advance interest, in which case will report "2" interest only.   -->
    <nextReportingPeriodPaymentAmountDue />
    <!--  Item 3(f)(6)  Next Reporting Period Payment Amount Due - Next reporting period payment amount due for charged off repossessed accounts are reported as 0.00.   -->
    <reportingPeriodInterestRatePercentage />
    <!--  Item 3(f)(7)  Reporting Period Interest Rate - The interest rate at the beginning of the current reporting period.  -->
    <nextInterestRatePercentage />
    <!--  Item 3(f)(8)  Next Interest Rate - The interest rate at the end of the current reporting period.  -->
    <interestPaidThroughDate />
    <!--  Item 3(f)(23)  Interest Paid Through Date - The date on which the last payment was received on the loan.  -->
    <currentDelinquencyStatus />
    <!--  Item 3(f)(25)  Current Delinquency Status - AHFC considers a retail installment sale contract to be past due or delinquent when the Obligor fails to make at least 90% of a Scheduled Payment on a cumulative basis (after giving effect to any past due payments) by the related due date.  Current delinquency status does not pertain to repossessed or charged off loans.  -->
    <assetSubjectDemandIndicator />
    <!--  Item 3(h)  Asset Subject to Demand - The reporting period in which a repurchase demand is received and all subsequent reporting periods during which the resolution process is ongoing.  -->
    <assetSubjectDemandStatusCode />
    <!--  Item 3(h)(1)  Status of Asset Subject to Demand - Status of asset subject to demand reported as "98" (Other) means the servicer has received and is investigating a repurchase demand. Status of asset subject to demand reported as "0" (Asset Pending Repurchase or Replacement) means the servicer has received a repurchase demand and has decided to repurchase the receivable which repurchase will be reported in the next reporting period. A "4" (Demand Rejected) is reported if the servicer determines not to repurchase a receivable after investigation and may be reported as "4" again if dispute resolution is started on the rejected demand and the mediator or arbitrator does not require the repurchase of the receivable as part of the dispute resolution proceeding.  -->
    <demandResolutionDate />
    <!--  Item 3(h)(3)  Demand Resolution Date - Demand resolution date is only reported if item 3(h)(1) Status of asset subject to demand is reported as "1" (Asset was Repurchased or Replaced) or "3" (Demand Withdrawn) or if it is reported as "4" (Demand Rejected) after the time to request dispute resolution is past or any dispute resolution process is completed.  -->
    <recoveredAmount />
    <!--  Item 3(i)(2)  Amounts Recovered - Amounts recovered include principal and interest on previously charged-off accounts.  Amounts recovered will also include proceeds on liquidated accounts net of auction expenses.  -->
    <modificationTypeCode />
    <!--  Item 3(j)(1)  Modification Type - Modification type "4" (Extension) is used if the current receivable maturity date is greater than or less than the previous loan maturity date and crosses over a month.  -->
    <repossessedIndicator />
    <!--  Item 3(k)  Repossessed - The reporting period in which a vehicle is repossessed, and for all subsequent reporting periods unless reinstated.  -->
    <repossessedProceedsAmount />
    <!--  Item 3(k)(1)  Repossession Proceeds - Repossessed proceeds includes any liquidation proceeds and collections received minus auction expenses and repossession fees during the reporting period for repossessed vehicles.  -->
  </assets>
</assetData>
