|
Accrued Interest Date: 08/25/2026
|
Collection Period Ending:
|
8/31/2026
|
|||
|
Current Payment Date: 09/25/2026
|
Period:
|
27
|
|||
|
Balances
|
||||||||||||||||
|
Initial
|
Beginning of Period
|
End of Period
|
||||||||||||||
|
Pool Balance
|
$
|
1,909,993,688.45
|
$
|
498,311,759.69
|
$
|
468,386,629.74
|
||||||||||
|
Yield Supplement Overcollateralization Amount
|
$
|
115,121,892.40
|
$
|
16,328,100.85
|
$
|
14,906,904.06
|
||||||||||
|
Adjusted Pool Balance
|
$
|
1,794,871,796.05
|
$
|
481,983,658.84
|
$
|
453,479,725.68
|
||||||||||
|
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
|
332,111,863.94
|
303,607,930.78
|
74.3
|
%
|
|||||||||||
|
Class A-4 Notes
|
105,000,000.00
|
105,000,000.00
|
105,000,000.00
|
25.7
|
%
|
|||||||||||
|
$
|
1,750,000,000.00
|
$
|
437,111,863.94
|
$
|
408,607,930.78
|
100.0
|
%
|
|||||||||
|
Reconciliation of Collection Account
|
||||
|
Available Funds:
|
||||
|
Available Interest:
|
||||
|
Interest Collected on Receivables
|
$
|
2,342,425.54
|
||
|
Servicer Advances
|
99,272.70
|
|||
|
Servicer Advance Reimbursement
|
93,776.05
|
|||
|
Administrative Purchase Payment
|
0.00
|
|||
|
Warranty Purchase Payment
|
4,304.10
|
|||
|
Recoveries
|
2,673.83
|
|||
|
Investment Earnings from Reserve Account
|
13,311.97
|
|||
|
Investment Earnings from Collection Account
|
0.00
|
|||
|
Total Available Interest
|
$
|
2,368,212.09
|
||
|
Available Principal:
|
||||
|
Principal Collection on Receivables
|
||||
|
Receipts of Scheduled Principal
|
$
|
21,413,781.16
|
||
|
Receipts of Pre-Paid Principal
|
8,034,870.47
|
|||
|
Liquidation Proceeds
|
175,637.55
|
|||
|
Administrative Purchase Payment
|
0.00
|
|||
|
Warranty Purchase Payment
|
146,110.48
|
|||
|
Total Available Principal
|
$
|
29,770,399.66
|
||
|
Advances from the Reserve Account
|
$
|
0.00
|
||
|
Release from the Reserve Fund Account
|
$
|
0.00
|
||
|
Total Available Funds
|
$
|
32,138,611.75
|
||
|
Distributions:
|
||||
|
Servicing Fees
|
$
|
415,259.80
|
||
|
Non-recoverable Servicer Advance Reimbursement
|
9,281.20
|
|||
|
Noteholder's Accrued and Unpaid Interest
|
1,874,616.21
|
|||
|
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
|
28,503,933.16
|
|||
|
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)
|
1,332,521.38
|
|||
|
Total Distributions
|
$
|
32,138,611.75
|
||
|
Monthly Period Receivables Principal Balance Calculation
|
||||
|
Beginning Receivable Principal Balance
|
$
|
498,311,759.69
|
||
|
Monthly Principal Received
|
||||
|
Regular Principal Received
|
$
|
21,413,781.16
|
||
|
Prepaid Principal Received
|
8,034,870.47
|
|||
|
Liquidation Proceeds
|
175,637.55
|
|||
|
Principal Balance Allocable to Gross Charge-offs
|
154,730.29
|
|||
|
Principal Portion of Repurchased Receivables
|
146,110.48
|
|||
|
Total Monthly Principal Amounts
|
$
|
29,925,129.95
|
||
|
Ending Receivable Principal Balance
|
$
|
468,386,629.74
|
||
|
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
|
5.51200
|
%
|
$
|
0.00
|
0.00
|
|||||||||||||||
|
Class A-2a Notes
|
5.42000
|
%
|
$
|
0.00
|
0.00
|
|||||||||||||||
|
Class A-2b Notes
|
3.98319
|
%
|
$
|
0.00
|
0.00
|
|||||||||||||||
|
Class A-3 Notes
|
5.18000
|
%
|
$
|
1,433,616.21
|
2.24
|
|||||||||||||||
|
Class A-4 Notes
|
5.04000
|
%
|
$
|
441,000.00
|
4.20
|
|||||||||||||||
|
$
|
1,874,616.21
|
|||||||||||||||||||
|
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
|
332,111,863.94
|
28,503,933.16
|
303,607,930.78
|
44.47
|
0.47
|
|||||||||||||||
|
Class A-4 Notes
|
105,000,000.00
|
-
|
105,000,000.00
|
0.00
|
1.00
|
|||||||||||||||
|
437,111,863.94
|
28,503,933.16
|
408,607,930.78
|
||||||||||||||||||
|
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
|
$
|
16,328,100.85
|
||
|
Beginning Period Amount
|
16,328,100.85
|
|||
|
Current Distribution Date Required Amount
|
14,906,904.06
|
|||
|
Current Period Release
|
1,421,196.79
|
|||
|
Ending Period Amount
|
$
|
14,906,904.06
|
||
|
Reserve Account
|
||||
|
Beginning Period Required Amount
|
$
|
4,487,179.49
|
||
|
Beginning Period Amount
|
4,487,179.49
|
|||
|
Net Investment Earnings
|
13,311.97
|
|||
|
Current Period Deposit Amount Due
|
0.00
|
|||
|
Reserve Fund Draw Amount
|
0.00
|
|||
|
Ending Period Required Amount
|
4,487,179.49
|
|||
|
Release to Depositor
|
13,311.97
|
|||
|
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
|
23,024
|
22,227
|
||||||||||
|
Weighted Average Remaining Term
|
29.74
|
28.98
|
||||||||||
|
Weighted Average Annual Percentage Rate
|
5.71
|
%
|
5.73
|
%
|
||||||||
|
Delinquencies as of the end of the Current Period
|
Units
|
Dollar Amount
|
% of Ending Rec Prin Bal
|
|||||||||
|
30-59 Days
|
138
|
$
|
4,310,493.42
|
0.92
|
%
|
|||||||
|
60-89 Days
|
48
|
1,615,905.06
|
0.34
|
%
|
||||||||
|
90-119 Days
|
15
|
562,213.53
|
0.12
|
%
|
||||||||
|
120+ Days
|
3
|
100,906.09
|
0.02
|
%
|
||||||||
|
Total 30+ Days Past Due as of the end of the current period
|
204
|
$
|
6,589,518.10
|
1.41
|
%
|
|||||||
|
Total 60+ Days Past Due as of the end of the current period
|
66
|
$
|
2,279,024.68
|
0.49
|
%
|
|||||||
|
Delinquencies as of the end of prior periods
|
||||||||||||
|
Total 30+ Days Past Due as of the end of the prior period
|
1.42
|
%
|
||||||||||
|
Total 30+ Days Past Due as of the end of the 2nd preceding period
|
1.31
|
%
|
||||||||||
|
Total 30+ Days Past Due as of the end of the 3rd preceding period
|
1.24
|
%
|
||||||||||
|
Repossessions
|
Units
|
Dollar Amount
|
||||||||||
|
Beginning Period Repossessed Receivables Balance
|
31
|
1,186,502.08
|
||||||||||
|
Ending Period Repossessed Receivables Balance
|
27
|
1,044,610.13
|
||||||||||
|
Principal Balance of 90+ Day Repossessed Vehicles
|
8
|
353,909.76
|
||||||||||
|
Write-offs as of the end of the Current Period
|
Units
|
Dollar Amount
|
||||||||||
|
Gross Principal Write-offs
|
10
|
154,730.29
|
||||||||||
|
Recoveries
|
6
|
2,673.83
|
||||||||||
|
Net Write-Offs
|
152,056.46
|
|||||||||||
|
Cumulative Net Write-offs
|
165
|
$
|
2,925,532.10
|
|||||||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.61
|
%
|
||||||||||
|
Charge Off Rate **
|
0.15
|
%
|
||||||||||
|
Avg of Net Write-offs ***
|
$
|
17,730.50
|
||||||||||
|
Historical Loss Information
|
||||||||
|
Write-offs as of the end of the Prior 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 **
|
0.15
|
%
|
||||||
|
Avg of Net Write-offs ***
|
$
|
17,893.39
|
||||||
|
Write-offs as of the end of the 2nd Preceding 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 3rd 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
|
||||||
|
*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.
|