|
Accrued Interest Date: 05/26/2026
|
Collection Period Ending:
|
5/31/2026
|
|||
|
Current Payment Date: 06/25/2026
|
Period:
|
16
|
|||
|
Balances
|
||||||||||||||||
|
Initial
|
Beginning of Period
|
End of Period
|
||||||||||||||
|
Pool Balance
|
$
|
1,897,363,700.14
|
$
|
955,290,909.97
|
$
|
906,998,492.95
|
||||||||||
|
Yield Supplement Overcollateralization Amount
|
$
|
102,491,905.06
|
$
|
39,408,516.39
|
$
|
36,697,531.71
|
||||||||||
|
Adjusted Pool Balance
|
$
|
1,794,871,795.08
|
$
|
915,882,393.58
|
$
|
870,300,961.24
|
||||||||||
|
Reserve Account
|
$
|
4,487,179.49
|
$
|
4,487,179.49
|
$
|
4,487,179.49
|
||||||||||
|
Overcollateralization
|
$
|
44,871,795.08
|
$
|
44,871,794.88
|
$
|
44,871,794.88
|
||||||||||
|
Notes
|
Ratio
|
|||||||||||||||
|
Class A-1 Notes
|
$
|
350,000,000.00
|
$
|
-
|
$
|
-
|
0.0
|
%
|
||||||||
|
Class A-2a Notes
|
306,250,000.00
|
41,755,299.35
|
18,964,583.18
|
2.3
|
%
|
|||||||||||
|
Class A-2b Notes
|
306,250,000.00
|
41,755,299.35
|
18,964,583.18
|
2.3
|
%
|
|||||||||||
|
Class A-3 Notes
|
647,500,000.00
|
647,500,000.00
|
647,500,000.00
|
78.4
|
%
|
|||||||||||
|
Class A-4 Notes
|
140,000,000.00
|
140,000,000.00
|
140,000,000.00
|
17.0
|
%
|
|||||||||||
|
$
|
1,750,000,000.00
|
$
|
871,010,598.70
|
$
|
825,429,166.36
|
100.0
|
%
|
|||||||||
|
Reconciliation of Collection Account
|
||||
|
Available Funds:
|
||||
|
Available Interest:
|
||||
|
Interest Collected on Receivables
|
$
|
4,291,991.53
|
||
|
Servicer Advances
|
158,229.13
|
|||
|
Servicer Advance Reimbursement
|
153,969.03
|
|||
|
Administrative Purchase Payment
|
0.00
|
|||
|
Warranty Purchase Payment
|
7,612.20
|
|||
|
Recoveries
|
10,927.26
|
|||
|
Investment Earnings from Reserve Account
|
13,311.11
|
|||
|
Investment Earnings from Collection Account
|
0.00
|
|||
|
Total Available Interest
|
$
|
4,328,102.20
|
||
|
Available Principal:
|
||||
|
Principal Collection on Receivables
|
||||
|
Receipts of Scheduled Principal
|
$
|
29,900,161.65
|
||
|
Receipts of Pre-Paid Principal
|
17,193,483.90
|
|||
|
Liquidation Proceeds
|
442,423.74
|
|||
|
Administrative Purchase Payment
|
0.00
|
|||
|
Warranty Purchase Payment
|
534,493.85
|
|||
|
Total Available Principal
|
$
|
48,070,563.14
|
||
|
Advances from the Reserve Account
|
$
|
0.00
|
||
|
Release from the Reserve Fund Account
|
$
|
0.00
|
||
|
Total Available Funds
|
$
|
52,398,665.34
|
||
|
Distributions:
|
||||
|
Servicing Fees
|
$
|
796,075.76
|
||
|
Non-recoverable Servicer Advance Reimbursement
|
24,131.98
|
|||
|
Noteholder's Accrued and Unpaid Interest
|
3,294,439.08
|
|||
|
First Priority Principal Distribution Amount to Noteholders
|
709,637.46
|
|||
|
Reserve Account Deposit to achieve the Specified Reserve Account Balance
|
0.00
|
|||
|
Regular Principal Distributable Amount to Noteholders
|
44,871,794.88
|
|||
|
Amounts paid to Indenture Trustee, Owner Trustee and Asset Representations Reviewer (subject to annual cap)
|
0.00
|
|||
|
Amounts paid to Indenture Trustee, Owner Trustee and Asset Representations Reviewer (not subject to annual cap)
|
0.00
|
|||
|
Certificate Distribution Account (any remaining payments)
|
2,702,586.18
|
|||
|
Total Distributions
|
$
|
52,398,665.34
|
||
|
Monthly Period Receivables Principal Balance Calculation
|
||||
|
Beginning Receivable Principal Balance
|
$
|
955,290,909.97
|
||
|
Monthly Principal Received
|
||||
|
Regular Principal Received
|
$
|
29,900,161.65
|
||
|
Prepaid Principal Received
|
17,193,483.90
|
|||
|
Liquidation Proceeds
|
442,423.74
|
|||
|
Principal Balance Allocable to Gross Charge-offs
|
221,853.88
|
|||
|
Principal Portion of Repurchased Receivables
|
534,493.85
|
|||
|
Total Monthly Principal Amounts
|
$
|
48,292,417.02
|
||
|
Ending Receivable Principal Balance
|
$
|
906,998,492.95
|
||
|
Payments to Indenture Trustee, Owner Trustee and Asset Representations Reviewer
|
||||
|
Indenture Trustee
|
||||
|
Amount due and payable to Indenture Trustee before giving effect to
|
$
|
-
|
||
|
payments on current Payment Date:
|
||||
|
Amount due and payable to Indenture Trustee after giving effect to
|
$
|
-
|
||
|
payments on current Payment Date:
|
||||
|
Owner Trustee
|
||||
|
Amount due and payable to Owner Trustee before giving effect to
|
$
|
-
|
||
|
payments on current Payment Date:
|
||||
|
Amount due and payable to Owner Trustee after giving effect to
|
$
|
-
|
||
|
payments on current Payment Date:
|
||||
|
Asset Representations Reviewer Trustee
|
||||
|
Amount due and payable to Asset Representations Reviewer before
|
$
|
-
|
||
|
giving effect to payments on current Payment Date:
|
||||
|
Amount due and payable to Asset Representations Reviewer after
|
$
|
-
|
||
|
giving effect to payments on current Payment Date:
|
||||
|
Distributions
|
||||||||||||||||||||
|
Interest Distributable Amount
|
Interest Rate
|
Current Payment
|
Per $1,000
|
|||||||||||||||||
|
Class A-1 Notes
|
4.40100
|
%
|
$
|
0.00
|
0.00
|
|||||||||||||||
|
Class A-2a Notes
|
4.43000
|
%
|
$
|
154,146.65
|
0.50
|
|||||||||||||||
|
Class A-2b Notes
|
3.91210
|
%
|
$
|
136,125.76
|
0.44
|
|||||||||||||||
|
Class A-3 Notes
|
4.56000
|
%
|
$
|
2,460,500.00
|
3.80
|
|||||||||||||||
|
Class A-4 Notes
|
4.66000
|
%
|
$
|
543,666.67
|
3.88
|
|||||||||||||||
|
$
|
3,294,439.08
|
|||||||||||||||||||
|
Monthly Principal Distributable Amount
|
Beginning Balance
|
Current Payment
|
Ending Balance
|
Per $1,000
|
Note Factor
|
|||||||||||||||
|
Class A-1 Notes
|
$
|
-
|
$
|
-
|
$
|
-
|
0.00
|
0.00
|
||||||||||||
|
Class A-2a Notes
|
41,755,299.35
|
22,790,716.17
|
18,964,583.18
|
74.42
|
0.06
|
|||||||||||||||
|
Class A-2b Notes
|
41,755,299.35
|
22,790,716.17
|
18,964,583.18
|
74.42
|
0.06
|
|||||||||||||||
|
Class A-3 Notes
|
647,500,000.00
|
-
|
647,500,000.00
|
0.00
|
1.00
|
|||||||||||||||
|
Class A-4 Notes
|
140,000,000.00
|
-
|
140,000,000.00
|
0.00
|
1.00
|
|||||||||||||||
|
871,010,598.70
|
45,581,432.34
|
825,429,166.36
|
||||||||||||||||||
|
Carryover Shortfalls
|
||||||||||||
|
Prior Period Carryover
|
Current Payment
|
Per $1,000
|
||||||||||
|
Class A-1 Interest Carryover Shortfall
|
-
|
-
|
-
|
|||||||||
|
Class A-2a Interest Carryover Shortfall
|
-
|
-
|
-
|
|||||||||
|
Class A-2b Interest Carryover Shortfall
|
-
|
-
|
-
|
|||||||||
|
Class A-3 Interest Carryover Shortfall
|
-
|
-
|
-
|
|||||||||
|
Class A-4 Interest Carryover Shortfall
|
-
|
-
|
-
|
|||||||||
|
Yield Supplement Overcollateralization Amount
|
||||
|
Previous Distribution Date Required Amount
|
$
|
39,408,516.39
|
||
|
Beginning Period Amount
|
39,408,516.39
|
|||
|
Current Distribution Date Required Amount
|
36,697,531.71
|
|||
|
Current Period Release
|
2,710,984.68
|
|||
|
Ending Period Amount
|
$
|
36,697,531.71
|
||
|
Reserve Account
|
||||
|
Beginning Period Required Amount
|
$
|
4,487,179.49
|
||
|
Beginning Period Amount
|
4,487,179.49
|
|||
|
Net Investment Earnings
|
13,311.11
|
|||
|
Current Period Deposit Amount Due
|
0.00
|
|||
|
Reserve Fund Draw Amount
|
0.00
|
|||
|
Ending Period Required Amount
|
4,487,179.49
|
|||
|
Release to Depositor
|
13,311.11
|
|||
|
Ending Period Amount
|
$
|
4,487,179.49
|
||
|
Overcollateralization
|
||||
|
Beginning Period Overcollateralization Amount
|
$
|
44,871,794.88
|
||
|
Target Overcollateralization Amount
|
$
|
44,871,794.88
|
||
|
Ending Period Over Collateralization Amount
|
$
|
44,871,794.88
|
||
|
Current Period Release
|
$
|
0.00
|
||
|
Receivables Data
|
||||||||||||
|
Beginning Period
|
Ending Period
|
|||||||||||
|
Number of Receivables
|
32,331
|
31,376
|
||||||||||
|
Weighted Average Remaining Term
|
39.85
|
39.02
|
||||||||||
|
Weighted Average Annual Percentage Rate
|
5.49
|
%
|
5.49
|
%
|
||||||||
|
Delinquencies as of the end of the Current Period
|
Units
|
Dollar Amount
|
% of Ending Rec Prin Bal
|
|||||||||
|
30-59 Days
|
144
|
$
|
5,948,700.43
|
0.66
|
%
|
|||||||
|
60-89 Days
|
45
|
1,975,727.75
|
0.22
|
%
|
||||||||
|
90-119 Days
|
13
|
514,607.82
|
0.06
|
%
|
||||||||
|
120+ Days
|
5
|
225,235.16
|
0.02
|
%
|
||||||||
|
Total 30+ Days Past Due as of the end of the current period
|
207
|
$
|
8,664,271.16
|
0.96
|
%
|
|||||||
|
Total 60+ Days Past Due as of the end of the current period
|
63
|
$
|
2,715,570.73
|
0.30
|
%
|
|||||||
|
Delinquencies as of the end of prior periods
|
||||||||||||
|
Total 30+ Days Past Due as of the end of the prior period
|
0.96
|
%
|
||||||||||
|
Total 30+ Days Past Due as of the end of the 2nd preceding period
|
0.90
|
%
|
||||||||||
|
Total 30+ Days Past Due as of the end of the 3rd preceding period
|
0.88
|
%
|
||||||||||
|
Repossessions
|
Units
|
Dollar Amount
|
||||||||||
|
Beginning Period Repossessed Receivables Balance
|
24
|
1,351,587.91
|
||||||||||
|
Ending Period Repossessed Receivables Balance
|
23
|
1,225,362.58
|
||||||||||
|
Principal Balance of 90+ Day Repossessed Vehicles
|
5
|
332,980.23
|
||||||||||
|
Write-offs as of the end of the Current Period
|
Units
|
Dollar Amount
|
||||||||||
|
Gross Principal Write-offs
|
11
|
221,853.88
|
||||||||||
|
Recoveries
|
7
|
10,927.26
|
||||||||||
|
Net Write-Offs
|
210,926.62
|
|||||||||||
|
Cumulative Net Write-offs
|
111
|
$
|
1,841,325.67
|
|||||||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.20
|
%
|
||||||||||
|
Charge Off Rate **
|
0.09
|
%
|
||||||||||
|
Avg of Net Write-offs ***
|
$
|
16,588.52
|
||||||||||
|
Historical Loss Information
|
||||||||
|
Write-offs as of the end of the Prior Period
|
Units
|
Dollar Amount
|
||||||
|
Gross Principal Write-offs
|
14
|
220,348.69
|
||||||
|
Recoveries
|
8
|
23,850.45
|
||||||
|
Net Write-Offs
|
196,498.24
|
|||||||
|
Cumulative Net Write-offs
|
100
|
$
|
1,630,399.05
|
|||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.17
|
%
|
||||||
|
Charge Off Rate **
|
0.09
|
%
|
||||||
|
Avg of Net Write-offs ***
|
$
|
16,303.99
|
||||||
|
Write-offs as of the end of the 2nd Preceding Period
|
Units
|
Dollar Amount
|
||||||
|
Gross Principal Write-offs
|
13
|
209,510.28
|
||||||
|
Recoveries
|
8
|
6,853.69
|
||||||
|
Net Write-Offs
|
202,656.59
|
|||||||
|
Cumulative Net Write-offs
|
86
|
$
|
1,433,900.81
|
|||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.14
|
%
|
||||||
|
Charge Off Rate **
|
0.08
|
%
|
||||||
|
Avg of Net Write-offs ***
|
$
|
16,673.27
|
||||||
|
Write-offs as of the end of the 3rd Preceding Period
|
Units
|
Dollar Amount
|
||||||
|
Gross Principal Write-offs
|
7
|
173,789.45
|
||||||
|
Recoveries
|
21
|
25,211.68
|
||||||
|
Net Write-Offs
|
148,577.77
|
|||||||
|
Cumulative Net Write-offs
|
73
|
$
|
1,231,244.22
|
|||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.11
|
%
|
||||||
|
Charge Off Rate **
|
0.06
|
%
|
||||||
|
Avg of Net Write-offs ***
|
$
|
16,866.36
|
||||||
|
*Ratio of Cumulative Net Write-offs to Avg Portfolio Balance is calculated by dividing the Cumulative Net Write-offs for the period
|
|
by the Avg Portfolio Balance for the period.
|
|
Avg Portfolio Balance for a period is equal to the average of the Beginning Receivable Principal Balance and the Ending Receivable
|
|
Principal Balance for such period.
|
|
**Charge Off Rate is calculated by dividing Cumulative Net Write-offs by initial Pool Balance as of the Cut-off Date.
|
|
*** Average of Net Write-offs is calculated by dividing Cumulative Net Write-offs by the aggregate number of Receivables
|
|
that have experienced a net write-off.
|