|
Accrued Interest Date: 07/27/2026
|
Collection Period Ending:
|
7/31/2026
|
|||
|
Current Payment Date: 08/25/2026
|
Period:
|
26
|
|||
|
Balances
|
||||||||||||||||
|
Initial
|
Beginning of Period
|
End of Period
|
||||||||||||||
|
Pool Balance
|
$
|
1,909,993,688.45
|
$
|
532,546,400.71
|
$
|
498,311,759.69
|
||||||||||
|
Yield Supplement Overcollateralization Amount
|
$
|
115,121,892.40
|
$
|
17,934,950.04
|
$
|
16,328,100.85
|
||||||||||
|
Adjusted Pool Balance
|
$
|
1,794,871,796.05
|
$
|
514,611,450.67
|
$
|
481,983,658.84
|
||||||||||
|
Reserve Account
|
$
|
4,487,179.49
|
$
|
4,487,179.49
|
$
|
4,487,179.49
|
||||||||||
|
Overcollateralization
|
$
|
44,871,796.05
|
$
|
44,871,794.90
|
$
|
44,871,794.90
|
||||||||||
|
Notes
|
Ratio
|
|||||||||||||||
|
Class A-1 Notes
|
$
|
363,000,000.00
|
$
|
-
|
$
|
-
|
0.0
|
%
|
||||||||
|
Class A-2a Notes
|
320,500,000.00
|
-
|
-
|
0.0
|
%
|
|||||||||||
|
Class A-2b Notes
|
320,500,000.00
|
-
|
-
|
0.0
|
%
|
|||||||||||
|
Class A-3 Notes
|
641,000,000.00
|
364,739,655.77
|
332,111,863.94
|
76.0
|
%
|
|||||||||||
|
Class A-4 Notes
|
105,000,000.00
|
105,000,000.00
|
105,000,000.00
|
24.0
|
%
|
|||||||||||
|
$
|
1,750,000,000.00
|
$
|
469,739,655.77
|
$
|
437,111,863.94
|
100.0
|
%
|
|||||||||
|
Reconciliation of Collection Account
|
||||
|
Available Funds:
|
||||
|
Available Interest:
|
||||
|
Interest Collected on Receivables
|
$
|
2,485,144.80
|
||
|
Servicer Advances
|
101,561.46
|
|||
|
Servicer Advance Reimbursement
|
101,182.00
|
|||
|
Administrative Purchase Payment
|
0.00
|
|||
|
Warranty Purchase Payment
|
8,158.48
|
|||
|
Recoveries
|
13,365.12
|
|||
|
Investment Earnings from Reserve Account
|
13,313.56
|
|||
|
Investment Earnings from Collection Account
|
0.00
|
|||
|
Total Available Interest
|
$
|
2,520,361.42
|
||
|
Available Principal:
|
||||
|
Principal Collection on Receivables
|
||||
|
Receipts of Scheduled Principal
|
$
|
22,641,228.24
|
||
|
Receipts of Pre-Paid Principal
|
10,766,354.23
|
|||
|
Liquidation Proceeds
|
250,969.22
|
|||
|
Administrative Purchase Payment
|
0.00
|
|||
|
Warranty Purchase Payment
|
414,866.40
|
|||
|
Total Available Principal
|
$
|
34,073,418.09
|
||
|
Advances from the Reserve Account
|
$
|
0.00
|
||
|
Release from the Reserve Fund Account
|
$
|
0.00
|
||
|
Total Available Funds
|
$
|
36,593,779.51
|
||
|
Distributions:
|
||||
|
Servicing Fees
|
$
|
443,788.67
|
||
|
Non-recoverable Servicer Advance Reimbursement
|
18,162.38
|
|||
|
Noteholder's Accrued and Unpaid Interest
|
2,015,459.51
|
|||
|
First Priority Principal Distribution Amount to Noteholders
|
0.00
|
|||
|
Reserve Account Deposit to achieve the Specified Reserve Account Balance
|
0.00
|
|||
|
Regular Principal Distributable Amount to Noteholders
|
32,627,791.83
|
|||
|
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)
|
1,488,577.12
|
|||
|
Total Distributions
|
$
|
36,593,779.51
|
||
|
Monthly Period Receivables Principal Balance Calculation
|
||||
|
Beginning Receivable Principal Balance
|
$
|
532,546,400.71
|
||
|
Monthly Principal Received
|
||||
|
Regular Principal Received
|
$
|
22,641,228.24
|
||
|
Prepaid Principal Received
|
10,766,354.23
|
|||
|
Liquidation Proceeds
|
250,969.22
|
|||
|
Principal Balance Allocable to Gross Charge-offs
|
161,222.93
|
|||
|
Principal Portion of Repurchased Receivables
|
414,866.40
|
|||
|
Total Monthly Principal Amounts
|
$
|
34,234,641.02
|
||
|
Ending Receivable Principal Balance
|
$
|
498,311,759.69
|
||
|
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
|
5.51200
|
%
|
$
|
0.00
|
0.00
|
|||||||||||||||
|
Class A-2a Notes
|
5.42000
|
%
|
$
|
0.00
|
0.00
|
|||||||||||||||
|
Class A-2b Notes
|
3.95608
|
%
|
$
|
0.00
|
0.00
|
|||||||||||||||
|
Class A-3 Notes
|
5.18000
|
%
|
$
|
1,574,459.51
|
2.46
|
|||||||||||||||
|
Class A-4 Notes
|
5.04000
|
%
|
$
|
441,000.00
|
4.20
|
|||||||||||||||
|
$
|
2,015,459.51
|
|||||||||||||||||||
|
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
|
-
|
-
|
-
|
0.00
|
0.00
|
|||||||||||||||
|
Class A-2b Notes
|
-
|
-
|
-
|
0.00
|
0.00
|
|||||||||||||||
|
Class A-3 Notes
|
364,739,655.77
|
32,627,791.83
|
332,111,863.94
|
50.90
|
0.52
|
|||||||||||||||
|
Class A-4 Notes
|
105,000,000.00
|
-
|
105,000,000.00
|
0.00
|
1.00
|
|||||||||||||||
|
469,739,655.77
|
32,627,791.83
|
437,111,863.94
|
||||||||||||||||||
|
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
|
$
|
17,934,950.04
|
||
|
Beginning Period Amount
|
17,934,950.04
|
|||
|
Current Distribution Date Required Amount
|
16,328,100.85
|
|||
|
Current Period Release
|
1,606,849.19
|
|||
|
Ending Period Amount
|
$
|
16,328,100.85
|
||
|
Reserve Account
|
||||
|
Beginning Period Required Amount
|
$
|
4,487,179.49
|
||
|
Beginning Period Amount
|
4,487,179.49
|
|||
|
Net Investment Earnings
|
13,313.56
|
|||
|
Current Period Deposit Amount Due
|
0.00
|
|||
|
Reserve Fund Draw Amount
|
0.00
|
|||
|
Ending Period Required Amount
|
4,487,179.49
|
|||
|
Release to Depositor
|
13,313.56
|
|||
|
Ending Period Amount
|
$
|
4,487,179.49
|
||
|
Overcollateralization
|
||||
|
Beginning Period Overcollateralization Amount
|
$
|
44,871,794.90
|
||
|
Target Overcollateralization Amount
|
$
|
44,871,794.90
|
||
|
Ending Period Over Collateralization Amount
|
$
|
44,871,794.90
|
||
|
Current Period Release
|
$
|
0.00
|
||
|
Receivables Data
|
||||||||||||
|
Beginning Period
|
Ending Period
|
|||||||||||
|
Number of Receivables
|
23,983
|
23,024
|
||||||||||
|
Weighted Average Remaining Term
|
30.54
|
29.74
|
||||||||||
|
Weighted Average Annual Percentage Rate
|
5.70
|
%
|
5.71
|
%
|
||||||||
|
Delinquencies as of the end of the Current Period
|
Units
|
Dollar Amount
|
% of Ending Rec Prin Bal
|
|||||||||
|
30-59 Days
|
159
|
$
|
5,167,745.45
|
1.04
|
%
|
|||||||
|
60-89 Days
|
41
|
1,428,278.78
|
0.29
|
%
|
||||||||
|
90-119 Days
|
10
|
294,144.97
|
0.06
|
%
|
||||||||
|
120+ Days
|
3
|
167,449.24
|
0.03
|
%
|
||||||||
|
Total 30+ Days Past Due as of the end of the current period
|
213
|
$
|
7,057,618.44
|
1.42
|
%
|
|||||||
|
Total 60+ Days Past Due as of the end of the current period
|
54
|
$
|
1,889,872.99
|
0.38
|
%
|
|||||||
|
Delinquencies as of the end of prior periods
|
||||||||||||
|
Total 30+ Days Past Due as of the end of the prior period
|
1.31
|
%
|
||||||||||
|
Total 30+ Days Past Due as of the end of the 2nd preceding period
|
1.24
|
%
|
||||||||||
|
Total 30+ Days Past Due as of the end of the 3rd preceding period
|
1.23
|
%
|
||||||||||
|
Repossessions
|
Units
|
Dollar Amount
|
||||||||||
|
Beginning Period Repossessed Receivables Balance
|
27
|
1,140,666.21
|
||||||||||
|
Ending Period Repossessed Receivables Balance
|
31
|
1,186,502.08
|
||||||||||
|
Principal Balance of 90+ Day Repossessed Vehicles
|
5
|
172,280.01
|
||||||||||
|
Write-offs as of the end of the Current Period
|
Units
|
Dollar Amount
|
||||||||||
|
Gross Principal Write-offs
|
7
|
161,222.93
|
||||||||||
|
Recoveries
|
13
|
13,365.12
|
||||||||||
|
Net Write-Offs
|
147,857.81
|
|||||||||||
|
Cumulative Net Write-offs
|
155
|
$
|
2,773,475.64
|
|||||||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.54
|
%
|
||||||||||
|
Charge Off Rate **
|
0.14
|
%
|
||||||||||
|
Avg of Net Write-offs ***
|
$
|
17,893.39
|
||||||||||
|
Historical Loss Information
|
||||||||
|
Write-offs as of the end of the Prior Period
|
Units
|
Dollar Amount
|
||||||
|
Gross Principal Write-offs
|
6
|
79,028.22
|
||||||
|
Recoveries
|
9
|
18,332.60
|
||||||
|
Net Write-Offs
|
60,695.62
|
|||||||
|
Cumulative Net Write-offs
|
148
|
$
|
2,625,617.83
|
|||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.48
|
%
|
||||||
|
Charge Off Rate **
|
0.14
|
%
|
||||||
|
Avg of Net Write-offs ***
|
$
|
17,740.66
|
||||||
|
Write-offs as of the end of the 2nd Preceding Period
|
Units
|
Dollar Amount
|
||||||
|
Gross Principal Write-offs
|
4
|
91,553.93
|
||||||
|
Recoveries
|
14
|
14,685.46
|
||||||
|
Net Write-Offs
|
76,868.47
|
|||||||
|
Cumulative Net Write-offs
|
142
|
$
|
2,564,922.21
|
|||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.44
|
%
|
||||||
|
Charge Off Rate **
|
0.13
|
%
|
||||||
|
Avg of Net Write-offs ***
|
$
|
18,062.83
|
||||||
|
Write-offs as of the end of the 3rd Preceding Period
|
Units
|
Dollar Amount
|
||||||
|
Gross Principal Write-offs
|
10
|
135,807.62
|
||||||
|
Recoveries
|
8
|
3,769.06
|
||||||
|
Net Write-Offs
|
132,038.56
|
|||||||
|
Cumulative Net Write-offs
|
138
|
$
|
2,488,053.74
|
|||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.40
|
%
|
||||||
|
Charge Off Rate **
|
0.13
|
%
|
||||||
|
Avg of Net Write-offs ***
|
$
|
18,029.37
|
||||||
|
*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.
|