UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
___________________________

FORM T-1

STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

Check if an application to determine eligibility of a Trustee
pursuant to Section 305 (b)(2) _X___

_______________________
CITIBANK, N.A.
(Exact name of trustee as specified in its charter)

A National Banking Association
13-5266470
(Jurisdiction of Incorporation or organization if not a U.S. national bank)
(I.R.S. Employer Identification Number)
   
388 Greenwich St., New York, NY
10013
(Address of principal executive office)
(Zip Code)

Jennifer Morris
Citibank, N.A.
388 Greenwich St.
New York, NY 10013
(714) 845-4097
(Name, address and telephone number of agent for service)
_____________________________

 
EXETER AUTOMOBILE RECEIVABLES TRUST 2026-4
(Exact name of obligor as specified in its charter)

Delaware
41-6988233
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification Number)
   
2101 W. John Carpenter Freeway
Irving, Texas
75063
(Address of principal executive offices)
(Zip Code)
   

_________________________
Asset-Backed Notes
(Title of the indenture securities)

Item 1.  General Information.

Furnish the following information as to the trustee:


 (a)
Name and address of each examining or supervising authority to which it is subject.


Name
Address

Comptroller of the Currency
Washington, D.C.


Federal Reserve Bank of New York
New York, NY
33 Liberty Street
New York, NY


 Federal Deposit Insurance Corporation
Washington, D.C.


(b)
Whether it is authorized to exercise corporate trust powers.

Yes.

Item 2.  Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

Items 3. -15. Not Applicable

Item 16.  List of Exhibits.

List below all exhibits filed as a part of this Statement of Eligibility.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as exhibits hereto.

Exhibit 1 - Copy of Articles of Association of the Trustee, as now in effect  (Exhibit 1 to T-1 to Registration Statement No. 2-79983).

Exhibit 2 - Copy of certificate of authority of the Trustee to commence business  (Exhibit 2 to T-1 to Registration Statement No. 2-29577).

Exhibit 3 - Copy of authorization of the Trustee to exercise corporate trust powers  (Exhibit 3 to T-1 to Registration Statement No. 2-55519).

Exhibit 4 - Copy of existing By-Laws of the Trustee  (Exhibit 4 to T-1 to Registration Statement No. 33-34988).

Exhibit 5 - Not applicable.

Exhibit 6 - The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939 (Exhibit 6 to T-1 to Registration Statement No. 33-19227).

Exhibit 7 - Copy of the latest Report of Condition of Citibank, N.A. (as of June 30, 2026 - attached).

Exhibit 8 - Not applicable.

Exhibit 9 - Not applicable.

__________________

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, Citibank, N.A., a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York and State of New York, on the 20th day of August, 2026.


 
CITIBANK, N.A.
     
 
By   
/s Jennifer Morris
   
Jennifer Morris
   
Senior Trust Officer



Exhibit 7

CITIGROUP CONSOLIDATED BALANCE SHEET
(In millions of dollars)
                             
2Q26 Increase/
(Decrease) from
  
 
June 30,
2025
    
September 30,
2025
    
December 31,
2025
    
March 31,
2026
    
June 30,
2026(1)
      
1Q26
      
2Q25
  
Assets
                                              
Cash and due from banks (including segregated cash and other deposits)
  
$
24,991
    
$
23,545
    
$
23,717
    
$
23,625
    
$
24,663
      
4
%
    
(1
%)
Deposits with banks, net of allowance
    
312,482
      
324,515
      
325,862
      
362,097
      
341,750
      
(6
%)
    
9
%
Securities borrowed and purchased under agreements to resell, net of allowance
    
323,892
      
321,347
      
356,195
      
353,094
      
404,655
      
15
%
    
25
%
Brokerage receivables, net of allowance
    
64,029
      
75,992
      
62,679
      
91,720
      
83,322
      
(9
%)
    
30
%
Trading account assets
    
568,558
      
562,254
      
537,139
      
593,473
      
634,356
      
7
%
    
12
%
Investments
                                                        
Available-for-sale debt securities
    
235,802
      
246,227
      
246,720
      
257,822
      
286,765
      
11
%
    
22
%
Held-to-maturity debt securities, net of allowance
    
206,094
      
197,092
      
189,831
      
178,503
      
167,893
      
(6
%)
    
(19
%)
Equity securities
    
7,504
      
7,413
      
7,678
      
7,839
      
8,263
      
5
%
    
10
%
Total investments
    
449,400
      
450,732
      
444,229
      
444,164
      
462,921
      
4
%
    
3
%
Loans
                                                        
Consumer(2)
    
395,759
      
398,628
      
408,533
      
402,391
      
416,520
      
4
%
    
5
%
Corporate(3)
    
329,586
      
335,277
      
343,697
      
359,225
      
377,138
      
5
%
    
14
%
Loans, net of unearned income
    
725,345
      
733,905
      
752,230
      
761,616
      
793,658
      
4
%
    
9
%
Allowance for credit losses on loans (ACLL)
    
(19,123
)
    
(19,206
)
    
(19,247
)
    
(19,636
)
    
(19,961
)
    
(2
%)
    
(4
%)
Total loans, net
    
706,222
      
714,699
      
732,983
      
741,980
      
773,697
      
4
%
    
10
%
Goodwill
    
19,878
      
19,126
      
19,098
      
18,997
      
19,012
      
-
      
(4
%)
Intangible assets (including MSRs)
    
4,409
      
4,330
      
4,284
      
4,305
      
5,004
      
16
%
    
13
%
Premises and equipment, net of depreciation and amortization
    
32,312
      
32,819
      
33,339
      
33,574
      
33,897
      
1
%
    
5
%
Other assets, net of allowance
    
116,599
      
113,116
      
117,677
      
110,658
      
111,377
      
1
%
    
(4
%)
Total assets
  
$
2,622,772
    
$
2,642,475
    
$
2,657,202
    
$
2,777,687
    
$
2,894,654
      
4
%
    
10
%
Liabilities
                                                        
Non-interest-bearing deposits in U.S. offices
  
$
119,898
    
$
116,921
    
$
121,610
    
$
122,083
    
$
122,307
      
-
      
2
%
Interest-bearing deposits in U.S. offices
    
575,709
      
592,728
      
613,052
      
634,812
      
665,841
      
5
%
    
16
%
Total U.S. deposits
    
695,607
      
709,649
      
734,662
      
756,895
      
788,148
      
4
%
    
13
%
Non-interest-bearing deposits in offices outside the U.S.
    
86,458
      
83,920
      
87,041
      
86,004
      
83,823
      
(3
%)
    
(3
%)
Interest-bearing deposits in offices outside the U.S.
    
575,668
      
590,360
      
581,870
      
603,341
      
620,636
      
3
%
    
8
%
Total international deposits
    
662,126
      
674,280
      
668,911
      
689,345
      
704,459
      
2
%
    
6
%
Total deposits
    
1,357,733
      
1,383,929
      
1,403,573
      
1,446,240
      
1,492,607
      
3
%
    
10
%
Securities loaned and sold under agreements to repurchase
    
347,913
      
349,726
      
348,098
      
369,585
      
411,126
      
11
%
    
18
%
Brokerage payables
    
90,949
      
89,596
      
74,836
      
111,224
      
116,076
      
4
%
    
28
%
Trading account liabilities
    
163,952
      
160,243
      
162,798
      
185,266
      
187,193
      
1
%
    
14
%
Short-term borrowings
    
55,560
      
54,760
      
51,878
      
72,056
      
68,978
      
(4
%)
    
24
%
Long-term debt
    
317,761
      
315,846
      
315,827
      
307,566
      
333,749
      
9
%
    
5
%
Other liabilities, plus allowances(4)
    
74,774
      
74,498
      
86,370
      
73,178
      
70,475
      
(4
%)
    
(6
%)
Total liabilities
  
$
2,408,642
    
$
2,428,598
    
$
2,443,380
    
$
2,565,115
    
$
2,680,204
      
4
%
    
11
%
Stockholders' equity
                                                        
Preferred stock
  
$
16,350
    
$
19,050
    
$
20,050
    
$
19,550
    
$
19,550
      
-
      
20
%
Common stock
    
31
      
31
      
31
      
31
      
31
      
-
      
-
  
Additional paid-in capital(5)
    
108,839
      
109,010
      
108,452
      
107,821
      
107,343
      
-
      
(1
%)
Retained earnings
    
211,674
      
214,034
      
215,128
      
219,542
      
223,989
      
2
%
    
6
%
Treasury stock, at cost
    
(79,886
)
    
(84,932
)
    
(89,473
)
    
(95,370
)
    
(99,398
)
    
(4
%)
    
(24
%)
Accumulated other comprehensive income (loss) (AOCI)(5)
    
(43,786
)
    
(44,170
)
    
(41,897
)
    
(40,615
)
    
(39,500
)
    
3
%
    
10
%
Total common equity
  
$
196,872
    
$
193,973
    
$
192,241
    
$
191,409
    
$
192,465
      
1
%
    
(2
%)
Total Citigroup stockholders' equity
  
$
213,222
    
$
213,023
    
$
212,291
    
$
210,959
    
$
212,015
      
1
%
    
(1
%)
Noncontrolling interests(5)
    
908
      
854
      
1,531
      
1,613
      
2,435
      
51
%
    
168
%
Total equity
    
214,130
      
213,877
      
213,822
      
212,572
      
214,450
      
1
%
    
-
  
Total liabilities and equity
  
$
2,622,772
    
$
2,642,475
    
$
2,657,202
    
$
2,777,687
    
$
2,894,654
      
4
%
    
10
%
                                                         






























(1)
June 30, 2026 is preliminary.

(2)
Consumer loans include loans managed by USCC, Wealth, and All Other—Legacy Franchises (other than Mexico small business and middle-market
banking (Mexico SBMM), and the Assets Finance Group (AFG)).

(3)
Corporate loans include loans managed by Services, Markets, Banking, and All Other—Legacy Franchises—Mexico SBMM, and the AFG.

(4)
Includes allowance for credit losses for unfunded lending commitments. See page 19.

(5)
The December 31, 2025 and June 30, 2026 balances include the impacts on total equity from the sales of the 25.0% and 22.6% equity stakes,
respectively, in Grupo Financiero Banamex, S.A. de C.V.
NM Not meaningful.
Reclassified to conform to the current period's presentation.