|
Accrued Interest Date: 08/25/2026
|
Collection Period Ending:
|
8/31/2026
|
|||
|
Current Payment Date: 09/25/2026
|
Period:
|
19
|
|||
|
Balances
|
||||||||||||||||
|
Initial
|
Beginning of Period
|
End of Period
|
||||||||||||||
|
Pool Balance
|
$
|
1,897,363,700.14
|
$
|
817,359,066.30
|
$
|
776,945,090.91
|
||||||||||
|
Yield Supplement Overcollateralization Amount
|
$
|
102,491,905.06
|
$
|
31,780,458.24
|
$
|
29,597,672.51
|
||||||||||
|
Adjusted Pool Balance
|
$
|
1,794,871,795.08
|
$
|
785,578,608.06
|
$
|
747,347,418.40
|
||||||||||
|
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
|
-
|
-
|
0.0
|
%
|
|||||||||||
|
Class A-2b Notes
|
306,250,000.00
|
-
|
-
|
0.0
|
%
|
|||||||||||
|
Class A-3 Notes
|
647,500,000.00
|
600,706,813.18
|
562,475,623.52
|
80.1
|
%
|
|||||||||||
|
Class A-4 Notes
|
140,000,000.00
|
140,000,000.00
|
140,000,000.00
|
19.9
|
%
|
|||||||||||
|
$
|
1,750,000,000.00
|
$
|
740,706,813.18
|
$
|
702,475,623.52
|
100.0
|
%
|
|||||||||
|
Reconciliation of Collection Account
|
||||
|
Available Funds:
|
||||
|
Available Interest:
|
||||
|
Interest Collected on Receivables
|
$
|
3,702,901.61
|
||
|
Servicer Advances
|
143,823.72
|
|||
|
Servicer Advance Reimbursement
|
122,095.23
|
|||
|
Administrative Purchase Payment
|
0.00
|
|||
|
Warranty Purchase Payment
|
2,117.93
|
|||
|
Recoveries
|
15,453.99
|
|||
|
Investment Earnings from Reserve Account
|
13,311.97
|
|||
|
Investment Earnings from Collection Account
|
0.00
|
|||
|
Total Available Interest
|
$
|
3,755,513.99
|
||
|
Available Principal:
|
||||
|
Principal Collection on Receivables
|
||||
|
Receipts of Scheduled Principal
|
$
|
26,411,971.44
|
||
|
Receipts of Pre-Paid Principal
|
13,664,607.08
|
|||
|
Liquidation Proceeds
|
112,759.64
|
|||
|
Administrative Purchase Payment
|
0.00
|
|||
|
Warranty Purchase Payment
|
171,975.60
|
|||
|
Total Available Principal
|
$
|
40,361,313.76
|
||
|
Advances from the Reserve Account
|
$
|
0.00
|
||
|
Release from the Reserve Fund Account
|
$
|
0.00
|
||
|
Total Available Funds
|
$
|
44,116,827.75
|
||
|
Distributions:
|
||||
|
Servicing Fees
|
$
|
681,132.56
|
||
|
Non-recoverable Servicer Advance Reimbursement
|
6,958.99
|
|||
|
Noteholder's Accrued and Unpaid Interest
|
2,826,352.56
|
|||
|
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
|
38,231,189.66
|
|||
|
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)
|
2,371,193.98
|
|||
|
Total Distributions
|
$
|
44,116,827.75
|
||
|
Monthly Period Receivables Principal Balance Calculation
|
||||
|
Beginning Receivable Principal Balance
|
$
|
817,359,066.30
|
||
|
Monthly Principal Received
|
||||
|
Regular Principal Received
|
$
|
26,411,971.44
|
||
|
Prepaid Principal Received
|
13,664,607.08
|
|||
|
Liquidation Proceeds
|
112,759.64
|
|||
|
Principal Balance Allocable to Gross Charge-offs
|
52,661.63
|
|||
|
Principal Portion of Repurchased Receivables
|
171,975.60
|
|||
|
Total Monthly Principal Amounts
|
$
|
40,413,975.39
|
||
|
Ending Receivable Principal Balance
|
$
|
776,945,090.91
|
||
|
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
|
%
|
$
|
0.00
|
0.00
|
|||||||||||||||
|
Class A-2b Notes
|
3.94319
|
%
|
$
|
0.00
|
0.00
|
|||||||||||||||
|
Class A-3 Notes
|
4.56000
|
%
|
$
|
2,282,685.89
|
3.53
|
|||||||||||||||
|
Class A-4 Notes
|
4.66000
|
%
|
$
|
543,666.67
|
3.88
|
|||||||||||||||
|
$
|
2,826,352.56
|
|||||||||||||||||||
|
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
|
600,706,813.18
|
38,231,189.66
|
562,475,623.52
|
59.04
|
0.87
|
|||||||||||||||
|
Class A-4 Notes
|
140,000,000.00
|
-
|
140,000,000.00
|
0.00
|
1.00
|
|||||||||||||||
|
740,706,813.18
|
38,231,189.66
|
702,475,623.52
|
||||||||||||||||||
|
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
|
$
|
31,780,458.24
|
||
|
Beginning Period Amount
|
31,780,458.24
|
|||
|
Current Distribution Date Required Amount
|
29,597,672.51
|
|||
|
Current Period Release
|
2,182,785.73
|
|||
|
Ending Period Amount
|
$
|
29,597,672.51
|
||
|
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
|
$
|
44,871,794.88
|
||
|
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
|
29,463
|
28,616
|
||||||||||
|
Weighted Average Remaining Term
|
37.41
|
36.60
|
||||||||||
|
Weighted Average Annual Percentage Rate
|
5.50
|
%
|
5.51
|
%
|
||||||||
|
Delinquencies as of the end of the Current Period
|
Units
|
Dollar Amount
|
% of Ending Rec Prin Bal
|
|||||||||
|
30-59 Days
|
146
|
$
|
5,494,363.42
|
0.71
|
%
|
|||||||
|
60-89 Days
|
55
|
2,286,469.69
|
0.29
|
%
|
||||||||
|
90-119 Days
|
14
|
640,532.13
|
0.08
|
%
|
||||||||
|
120+ Days
|
6
|
450,238.51
|
0.06
|
%
|
||||||||
|
Total 30+ Days Past Due as of the end of the current period
|
221
|
$
|
8,871,603.75
|
1.14
|
%
|
|||||||
|
Total 60+ Days Past Due as of the end of the current period
|
75
|
$
|
3,377,240.33
|
0.43
|
%
|
|||||||
|
Delinquencies as of the end of prior periods
|
||||||||||||
|
Total 30+ Days Past Due as of the end of the prior period
|
1.05
|
%
|
||||||||||
|
Total 30+ Days Past Due as of the end of the 2nd preceding period
|
0.98
|
%
|
||||||||||
|
Total 30+ Days Past Due as of the end of the 3rd preceding period
|
0.96
|
%
|
||||||||||
|
Repossessions
|
Units
|
Dollar Amount
|
||||||||||
|
Beginning Period Repossessed Receivables Balance
|
26
|
1,205,064.46
|
||||||||||
|
Ending Period Repossessed Receivables Balance
|
27
|
1,324,526.92
|
||||||||||
|
Principal Balance of 90+ Day Repossessed Vehicles
|
4
|
143,451.05
|
||||||||||
|
Write-offs as of the end of the Current Period
|
Units
|
Dollar Amount
|
||||||||||
|
Gross Principal Write-offs
|
4
|
52,661.63
|
||||||||||
|
Recoveries
|
7
|
15,453.99
|
||||||||||
|
Net Write-Offs
|
37,207.64
|
|||||||||||
|
Cumulative Net Write-offs
|
133
|
$
|
2,298,175.56
|
|||||||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.29
|
%
|
||||||||||
|
Charge Off Rate **
|
0.12
|
%
|
||||||||||
|
Avg of Net Write-offs ***
|
$
|
17,279.52
|
||||||||||
|
Historical Loss Information
|
||||||||
|
Write-offs as of the end of the Prior Period
|
Units
|
Dollar Amount
|
||||||
|
Gross Principal Write-offs
|
14
|
355,511.82
|
||||||
|
Recoveries
|
11
|
22,894.10
|
||||||
|
Net Write-Offs
|
332,617.72
|
|||||||
|
Cumulative Net Write-offs
|
129
|
$
|
2,260,967.92
|
|||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.27
|
%
|
||||||
|
Charge Off Rate **
|
0.12
|
%
|
||||||
|
Avg of Net Write-offs ***
|
$
|
17,526.88
|
||||||
|
Write-offs as of the end of the 2nd Preceding Period
|
Units
|
Dollar Amount
|
||||||
|
Gross Principal Write-offs
|
4
|
110,447.94
|
||||||
|
Recoveries
|
10
|
23,423.41
|
||||||
|
Net Write-Offs
|
87,024.53
|
|||||||
|
Cumulative Net Write-offs
|
115
|
$
|
1,928,350.20
|
|||||
|
Ratio of Cumulative Net Write-offs to Avg Portfolio Balance *
|
0.22
|
%
|
||||||
|
Charge Off Rate **
|
0.10
|
%
|
||||||
|
Avg of Net Write-offs ***
|
$
|
16,768.26
|
||||||
|
Write-offs as of the end of the 3rd Preceding 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 **
|
0.10
|
%
|
||||||
|
Avg of Net Write-offs ***
|
$
|
16,588.52
|
||||||
|
*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.
|
|||||