|
Accrued Interest Date: 08/25/2026
|
Collection Period Ending:
|
8/31/2026
|
|||
|
Current Payment Date: 09/25/2026
|
Period:
|
38
|
|||
|
Balances
|
||||||||||||||||
|
Initial
|
Beginning of Period
|
End of Period
|
||||||||||||||
|
Pool Balance
|
$
|
1,670,093,594.79
|
$
|
198,572,484.08
|
$
|
182,381,857.06
|
||||||||||
|
Yield Supplement Overcollateralization Amount
|
$
|
131,629,368.54
|
$
|
5,547,644.97
|
$
|
4,894,989.70
|
||||||||||
|
Adjusted Pool Balance
|
$
|
1,538,464,226.25
|
$
|
193,024,839.11
|
$
|
177,486,867.36
|
||||||||||
|
Reserve Account
|
$
|
3,846,160.57
|
$
|
3,846,160.57
|
$
|
3,846,160.57
|
||||||||||
|
Overcollateralization
|
$
|
38,464,226.25
|
$
|
38,461,605.66
|
$
|
38,461,605.66
|
||||||||||
|
Notes
|
Ratio
|
|||||||||||||||
|
Class A-1 Notes
|
$
|
350,000,000.00
|
$
|
-
|
$
|
-
|
0.0
|
%
|
||||||||
|
Class A-2a Notes
|
345,000,000.00
|
-
|
-
|
0.0
|
%
|
|||||||||||
|
Class A-2b Notes
|
180,000,000.00
|
-
|
-
|
0.0
|
%
|
|||||||||||
|
Class A-3 Notes
|
525,000,000.00
|
54,563,233.45
|
39,025,261.70
|
28.1
|
%
|
|||||||||||
|
Class A-4 Notes
|
100,000,000.00
|
100,000,000.00
|
100,000,000.00
|
71.9
|
%
|
|||||||||||
|
$
|
1,500,000,000.00
|
$
|
154,563,233.45
|
$
|
139,025,261.70
|
100.0
|
%
|
|||||||||
|
Reconciliation of Collection Account
|
||||
|
Available Funds:
|
||||
|
Available Interest:
|
||||
|
Interest Collected on Receivables
|
$
|
846,214.58
|
||
|
Servicer Advances
|
47,416.06
|
|||
|
Servicer Advance Reimbursement
|
43,919.45
|
|||
|
Administrative Purchase Payment
|
0.00
|
|||
|
Warranty Purchase Payment
|
778.44
|
|||
|
Recoveries
|
2,937.95
|
|||
|
Investment Earnings from Reserve Account
|
11,410.28
|
|||
|
Investment Earnings from Collection Account
|
0.00
|
|||
|
Total Available Interest
|
$
|
864,837.86
|
||
|
Available Principal:
|
||||
|
Principal Collection on Receivables
|
||||
|
Receipts of Scheduled Principal
|
$
|
12,312,308.11
|
||
|
Receipts of Pre-Paid Principal
|
3,628,788.15
|
|||
|
Liquidation Proceeds
|
69,539.27
|
|||
|
Administrative Purchase Payment
|
0.00
|
|||
|
Warranty Purchase Payment
|
87,205.18
|
|||
|
Total Available Principal
|
$
|
16,097,840.71
|
||
|
Advances from the Reserve Account
|
$
|
0.00
|
||
|
Release from the Reserve Fund Account
|
$
|
0.00
|
||
|
Total Available Funds
|
$
|
16,962,678.57
|
||
|
Distributions:
|
||||
|
Servicing Fees
|
$
|
165,477.07
|
||
|
Non-recoverable Servicer Advance Reimbursement
|
4,996.51
|
|||
|
Noteholder's Accrued and Unpaid Interest
|
686,217.41
|
|||
|
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
|
15,537,971.75
|
|||
|
Amounts paid to Indenture Trustee, Owner Trustee and Asset Representations Reviewer (subject to annual cap)
|
3,000.00
|
|||
|
Amounts paid to Indenture Trustee, Owner Trustee and Asset Representations Reviewer (not subject to annual cap)
|
0.00
|
|||
|
Certificate Distribution Account (any remaining payments)
|
565,015.83
|
|||
|
Total Distributions
|
$
|
16,962,678.57
|
||
|
Monthly Period Receivables Principal Balance Calculation
|
||||
|
Beginning Receivable Principal Balance
|
$
|
198,572,484.08
|
||
|
Monthly Principal Received
|
||||
|
Regular Principal Received
|
$
|
12,312,308.11
|
||
|
Prepaid Principal Received
|
3,628,788.15
|
|||
|
Liquidation Proceeds
|
69,539.27
|
|||
|
Principal Balance Allocable to Gross Charge-offs
|
92,786.31
|
|||
|
Principal Portion of Repurchased Receivables
|
87,205.18
|
|||
|
Total Monthly Principal Amounts
|
$
|
16,190,627.02
|
||
|
Ending Receivable Principal Balance
|
$
|
182,381,857.06
|
||
|
Payments to Indenture Trustee, Owner Trustee and Asset Representations Reviewer
|
||||
|
Indenture Trustee
|
||||
|
Amount due and payable to Indenture Trustee before giving effect to
|
$
|
3,000.00
|
||
|
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
|
5.59300
|
%
|
$
|
0.00
|
0.00
|
|||||||||||||||
|
Class A-2a Notes
|
5.72000
|
%
|
$
|
0.00
|
0.00
|
|||||||||||||||
|
Class A-2b Notes
|
0.00000
|
%
|
$
|
0.00
|
0.00
|
|||||||||||||||
|
Class A-3 Notes
|
5.47000
|
%
|
$
|
248,717.41
|
0.47
|
|||||||||||||||
|
Class A-4 Notes
|
5.25000
|
%
|
$
|
437,500.00
|
4.38
|
|||||||||||||||
|
$
|
686,217.41
|
|||||||||||||||||||
|
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
|
54,563,233.45
|
15,537,971.75
|
39,025,261.70
|
29.60
|
0.07
|
|||||||||||||||
|
Class A-4 Notes
|
100,000,000.00
|
-
|
100,000,000.00
|
0.00
|
1.00
|
|||||||||||||||
|
154,563,233.45
|
15,537,971.75
|
139,025,261.70
|
||||||||||||||||||
|
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
|
$
|
5,547,644.97
|
||
|
Beginning Period Amount
|
5,547,644.97
|
|||
|
Current Distribution Date Required Amount
|
4,894,989.70
|
|||
|
Current Period Release
|
652,655.27
|
|||
|
Ending Period Amount
|
$
|
4,894,989.70
|
||
|
Reserve Account
|
||||
|
Beginning Period Required Amount
|
$
|
3,846,160.57
|
||
|
Beginning Period Amount
|
3,846,160.57
|
|||
|
Net Investment Earnings
|
11,410.28
|
|||
|
Current Period Deposit Amount Due
|
0.00
|
|||
|
Reserve Fund Draw Amount
|
0.00
|
|||
|
Ending Period Required Amount
|
3,846,160.57
|
|||
|
Release to Depositor
|
11,410.28
|
|||
|
Ending Period Amount
|
$
|
3,846,160.57
|
||
|
Overcollateralization
|
||||
|
Beginning Period Overcollateralization Amount
|
$
|
38,461,605.66
|
||
|
Target Overcollateralization Amount
|
$
|
38,461,605.66
|
||
|
Ending Period Over Collateralization Amount
|
$
|
38,461,605.66
|
||
|
Current Period Release
|
$
|
0.00
|
||
|
Receivables Data
|
||||||||||||
|
Beginning Period
|
Ending Period
|
|||||||||||
|
Number of Receivables
|
13,731
|
13,060
|
||||||||||
|
Weighted Average Remaining Term
|
21.46
|
20.80
|
||||||||||
|
Weighted Average Annual Percentage Rate
|
5.20
|
%
|
5.24
|
%
|
||||||||
|
Delinquencies as of the end of the Current Period
|
Units
|
Dollar Amount
|
% of Ending Rec Prin Bal
|
|||||||||
|
30-59 Days
|
151
|
$
|
3,298,044.74
|
1.81
|
%
|
|||||||
|
60-89 Days
|
50
|
1,102,923.49
|
0.60
|
%
|
||||||||
|
90-119 Days
|
11
|
152,823.02
|
0.08
|
%
|
||||||||
|
120+ Days
|
5
|
138,832.68
|
0.08
|
%
|
||||||||
|
Total 30+ Days Past Due as of the end of the current period
|
217
|
$
|
4,692,623.93
|
2.57
|
%
|
|||||||
|
Total 60+ Days Past Due as of the end of the current period
|
66
|
$
|
1,394,579.19
|
0.76
|
%
|
|||||||
|
Delinquencies as of the end of prior periods
|
||||||||||||
|
Total 30+ Days Past Due as of the end of the prior period
|
2.56
|
%
|
||||||||||
|
Total 30+ Days Past Due as of the end of the 2nd preceding period
|
2.46
|
%
|
||||||||||
|
Total 30+ Days Past Due as of the end of the 3rd preceding period
|
2.21
|
%
|
||||||||||
|
Repossessions
|
Units
|
Dollar Amount
|
||||||||||
|
Beginning Period Repossessed Receivables Balance
|
11
|
348,926.47
|
||||||||||
|
Ending Period Repossessed Receivables Balance
|
17
|
419,680.12
|
||||||||||
|
Principal Balance of 90+ Day Repossessed Vehicles
|
1
|
1,268.01
|
||||||||||
|
Write-offs as of the end of the Current Period
|
Units
|
Dollar Amount
|
||||||||||
|
Gross Principal Write-offs
|
4
|
92,786.31
|
||||||||||
|
Recoveries
|
7
|
2,937.95
|
||||||||||
|
Net Write-Offs
|
89,848.36
|
|||||||||||
|
Cumulative Net Write-offs
|
223
|
$
|
3,268,696.85
|
|||||||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
1.72
|
%
|
||||||||||
|
Charge Off Rate **
|
0.19
|
%
|
||||||||||
|
Avg of Net Write-offs ***
|
$
|
14,657.83
|
||||||||||
|
Historical Loss Information
|
||||||||
|
Write-offs as of the end of the Prior Period
|
Units
|
Dollar Amount
|
||||||
|
Gross Principal Write-offs
|
3
|
33,475.02
|
||||||
|
Recoveries
|
13
|
7,730.98
|
||||||
|
Net Write-Offs
|
25,744.04
|
|||||||
|
Cumulative Net Write-offs
|
219
|
$
|
3,178,848.49
|
|||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
1.53
|
%
|
||||||
|
Charge Off Rate **
|
0.19
|
%
|
||||||
|
Avg of Net Write-offs ***
|
$
|
14,515.29
|
||||||
|
Write-offs as of the end of the 2nd Preceding Period
|
Units
|
Dollar Amount
|
||||||
|
Gross Principal Write-offs
|
10
|
111,827.04
|
||||||
|
Recoveries
|
4
|
3,624.55
|
||||||
|
Net Write-Offs
|
108,202.49
|
|||||||
|
Cumulative Net Write-offs
|
216
|
$
|
3,153,104.45
|
|||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
1.40
|
%
|
||||||
|
Charge Off Rate **
|
0.19
|
%
|
||||||
|
Avg of Net Write-offs ***
|
$
|
14,597.71
|
||||||
|
Write-offs as of the end of the 3rd Preceding Period
|
Units
|
Dollar Amount
|
||||||
|
Gross Principal Write-offs
|
8
|
109,964.01
|
||||||
|
Recoveries
|
4
|
2,261.88
|
||||||
|
Net Write-Offs
|
107,702.13
|
|||||||
|
Cumulative Net Write-offs
|
206
|
$
|
3,044,901.96
|
|||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
1.24
|
%
|
||||||
|
Charge Off Rate **
|
0.18
|
%
|
||||||
|
Avg of Net Write-offs ***
|
$
|
14,781.08
|
||||||
|
*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.
|