Ford Credit Auto Owner Trust 2025-C
Monthly Investor Report
| | | | | |
| Collection Period | September 2026 |
| Payment Date | 10/15/2026 |
| Transaction Month | 11 | |
Additional information about the structure, cashflows, defined terms and parties for this transaction can be found in the prospectus, available on the SEC website (http://www.sec.gov) under the registration number 333-281130 and at https://www.ford.com/finance/investor-center/asset-backed-securitization.
I. ORIGINAL DEAL PARAMETERS
| | | | | | | | | | | | | | | | | |
| Dollar Amount | | # of Receivables | | Weighted Avg Remaining Term at Cutoff |
| Initial Pool Balance | $ | 1,096,614,974.63 | | | 29,520 | | 55.0 months |
| | | | | |
| Dollar Amount | | Note Interest Rate | | Final Scheduled Payment Date |
| Original Securities | | | | | |
| Class A-1 Notes | $ | 240,000,000.00 | | | 3.993 | % | | December 15, 2026 |
| Class A-2a Notes | $ | 220,000,000.00 | | | 3.99 | % | | September 15, 2028 |
| Class A-2b Notes | $ | 128,000,000.00 | | | 4.00850 | % | * | September 15, 2028 |
| Class A-3 Notes | $ | 348,000,000.00 | | | 3.90 | % | | June 15, 2030 |
| Class A-4 Notes | $ | 64,000,000.00 | | | 3.98 | % | | January 15, 2032 |
| Class B Notes | $ | 31,580,000.00 | | | 4.22 | % | | January 15, 2032 |
| Class C Notes | $ | 21,050,000.00 | | | 0.00 | % | | May 15, 2033 |
| Total | $ | 1,052,630,000.00 | | | | | |
| | | * 30-day average SOFR + 0.36% |
II. AVAILABLE FUNDS
| | | | | |
| Interest: | |
| Interest Collections | $ | 3,356,356.75 | |
| |
| Principal: | |
| Principal Collections | $ | 18,353,542.73 | |
| Prepayments in Full | $ | 8,925,410.59 | |
| Liquidation Proceeds | $ | 182,279.01 | |
| Recoveries | $ | 23,371.17 | |
| Sub Total | $ | 27,484,603.50 | |
| Collections | $ | 30,840,960.25 | |
| |
| Purchase Amounts: | |
| Purchase Amounts Related to Principal | $ | 0.00 | |
| Purchase Amounts Related to Interest | $ | 0.00 | |
| Sub Total | $ | 0.00 | |
| |
| Clean-up Call | $ | 0.00 | |
| |
| Reserve Account Draw Amount | $ | 0.00 | |
| |
| Available Funds - Total | $ | 30,840,960.25 | |
Ford Credit Auto Owner Trust 2025-C
Monthly Investor Report
| | | | | |
| Collection Period | September 2026 |
| Payment Date | 10/15/2026 |
| Transaction Month | 11 | |
III. DISTRIBUTIONS
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Calculated Amount | | Amount Paid | | Shortfall | | Carryover Shortfall | | Remaining Available Funds |
| Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 30,840,960.25 | |
| Servicing Fee | $ | 638,689.28 | | | $ | 638,689.28 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 30,202,270.97 | |
| Interest - Class A-1 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 30,202,270.97 | |
| Interest - Class A-2a Notes | $ | 534,965.27 | | | $ | 534,965.27 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 29,667,305.70 | |
| Interest - Class A-2b Notes | $ | 312,695.67 | | | $ | 312,695.67 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 29,354,610.03 | |
| Interest - Class A-3 Notes | $ | 1,131,000.00 | | | $ | 1,131,000.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 28,223,610.03 | |
| Interest - Class A-4 Notes | $ | 212,266.67 | | | $ | 212,266.67 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 28,011,343.36 | |
| First Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 28,011,343.36 | |
| Interest - Class B Notes | $ | 111,056.33 | | | $ | 111,056.33 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 27,900,287.03 | |
| Second Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 27,900,287.03 | |
| Interest - Class C Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 27,900,287.03 | |
| Reserve Account Deposit | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 27,900,287.03 | |
| Regular Principal Payment | $ | 28,892,352.44 | | | $ | 27,900,287.03 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Residual Released to Depositor | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | | | $ | 30,840,960.25 | | | | | | | |
| | | | | | | | | |
| Principal Payment: | | | | | | | | | |
| First Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Second Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Regular Principal Payment | | | | | | | | | $ | 27,900,287.03 | |
| Total | | | | | | | | | $ | 27,900,287.03 | |
| | | | | | | | | |
IV. NOTEHOLDER PAYMENTS
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Noteholder Principal Payments | | Noteholder Interest Payments | | Total Payment |
| | | Per $1,000 of | | | | Per $1,000 of | | | | Per $1,000 of |
| Actual | | Original Balance | | Actual | | Original Balance | | Actual | | Original Balance |
| Class A-1 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Class A-2a Notes | $ | 17,638,112.49 | | | $ | 80.17 | | | $ | 534,965.27 | | | $ | 2.43 | | | $ | 18,173,077.76 | | | $ | 82.60 | |
| Class A-2b Notes | $ | 10,262,174.54 | | | $ | 80.17 | | | $ | 312,695.67 | | | $ | 2.44 | | | $ | 10,574,870.21 | | | $ | 82.61 | |
| Class A-3 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 1,131,000.00 | | | $ | 3.25 | | | $ | 1,131,000.00 | | | $ | 3.25 | |
| Class A-4 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 212,266.67 | | | $ | 3.32 | | | $ | 212,266.67 | | | $ | 3.32 | |
| Class B Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 111,056.33 | | | $ | 3.52 | | | $ | 111,056.33 | | | $ | 3.52 | |
| Class C Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | $ | 27,900,287.03 | | | $ | 26.51 | | | $ | 2,301,983.94 | | | $ | 2.19 | | | $ | 30,202,270.97 | | | $ | 28.70 | |
| | | | | | | | | | | |
Ford Credit Auto Owner Trust 2025-C
Monthly Investor Report
| | | | | |
| Collection Period | September 2026 |
| Payment Date | 10/15/2026 |
| Transaction Month | 11 | |
V. NOTE BALANCE AND POOL INFORMATION
| | | | | | | | | | | | | | | | | | | | | | | |
| Beginning of Period | | End of Period |
| Balance | | Note Factor | | Balance | | Note Factor |
| Class A-1 Notes | $ | 0.00 | | | 0.0000000 | | $ | 0.00 | | | 0.0000000 |
| Class A-2a Notes | $ | 160,891,810.60 | | | 0.7313264 | | $ | 143,253,698.11 | | | 0.6511532 |
| Class A-2b Notes | $ | 93,609,780.71 | | | 0.7313264 | | $ | 83,347,606.17 | | | 0.6511532 |
| Class A-3 Notes | $ | 348,000,000.00 | | | 1.0000000 | | $ | 348,000,000.00 | | | 1.0000000 |
| Class A-4 Notes | $ | 64,000,000.00 | | | 1.0000000 | | $ | 64,000,000.00 | | | 1.0000000 |
| Class B Notes | $ | 31,580,000.00 | | | 1.0000000 | | $ | 31,580,000.00 | | | 1.0000000 |
| Class C Notes | $ | 21,050,000.00 | | | 1.0000000 | | $ | 21,050,000.00 | | | 1.0000000 |
| Total | $ | 719,131,591.31 | | | 0.6831760 | | $ | 691,231,304.28 | | | 0.6566707 |
| | | | | | | | | | | |
| Pool Information | | | |
| Weighted Average APR | 5.267 | % | | 5.280 | % |
| Weighted Average Remaining Term | 47.66 | | 46.91 |
| Number of Receivables Outstanding | 23,144 | | 22,610 |
| Pool Balance | $ | 766,427,136.00 | | | $ | 738,715,154.75 | |
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 737,697,877.11 | | | $ | 711,291,888.24 | |
| Pool Factor | 0.6989027 | | 0.6736322 |
| | | |
VI. OVERCOLLATERALIZATION INFORMATION
| | | | | |
| Specified Reserve Balance | $ | 2,631,581.17 | |
| Yield Supplement Overcollateralization Amount | $ | 27,423,266.51 | |
| Targeted Overcollateralization Amount | $ | 48,475,915.88 | |
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 47,483,850.47 | |
| |
VII. RECONCILIATION OF RESERVE ACCOUNT
| | | | | |
| Beginning Reserve Account Balance | $ | 2,631,581.17 | |
| Reserve Account Deposits Made | $ | 0.00 | |
| Reserve Account Draw Amount | $ | 0.00 | |
| Ending Reserve Account Balance | $ | 2,631,581.17 | |
| Change in Reserve Account Balance | $ | 0.00 | |
| Specified Reserve Balance | $ | 2,631,581.17 | |
| |
Ford Credit Auto Owner Trust 2025-C
Monthly Investor Report
| | | | | |
| Collection Period | September 2026 |
| Payment Date | 10/15/2026 |
| Transaction Month | 11 | |
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| | | | | | | | | | | | | | | | | |
| | | # of Receivables | | Amount |
| Current Collection Period Loss: | | | | | |
| Realized Loss (Charge-Offs) | | | 29 | | $ | 250,748.92 | |
| (Recoveries) | | | 13 | | $ | 23,371.17 | |
| Net Loss for Current Collection Period | | | | | $ | 227,377.75 | |
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | | | | | 0.3560 | % |
| | | | | |
| Prior and Current Collection Periods Average Loss: | | | | | |
| | | | | |
| Ratio of Net Loss to the Average Pool Balance (annualized) | | | | | |
| Third Prior Collection Period | | | | | 0.2890 | % |
| Second Prior Collection Period | | 0.3671 | % |
| Prior Collection Period | | | | | 0.4817 | % |
| Current Collection Period | | | | | 0.3626 | % |
| Four Month Average (Current and Prior Three Collection Periods) | | | | | 0.3751 | % |
| | | | | |
| Cumulative Loss: | | | | | |
| Cumulative Realized Loss (Charge-Offs) | | | 421 | | $ | 1,752,842.88 | |
| (Cumulative Recoveries) | | | | | $ | 90,441.13 | |
| Cumulative Net Loss for All Collection Periods | | | | | $ | 1,662,401.75 | |
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | | | | 0.1516 | % |
| | | | | |
| Average Realized Loss for Receivables that have experienced a Realized Loss | | | | | $ | 4,163.52 | |
| Average Net Loss for Receivables that have experienced a Realized Loss | | | | | $ | 3,948.70 | |
| | | | | |
| % of EOP Pool Balance | | # of Receivables | | Amount |
| Delinquent Receivables: | | | | | |
| 31-60 Days Delinquent | 0.78 | % | | 141 | | $ | 5,753,216.33 | |
| 61-90 Days Delinquent | 0.15 | % | | 23 | | $ | 1,128,938.56 | |
| 91-120 Days Delinquent | 0.02 | % | | 3 | | $ | 114,392.28 | |
| Over 120 Days Delinquent | 0.03 | % | | 6 | | $ | 214,230.37 | |
| Total Delinquent Receivables | 0.98 | % | | 173 | | $ | 7,210,777.54 | |
|
| Repossession Inventory: | | | | | |
| Repossessed in the Current Collection Period | | | 11 | | $ | 535,922.24 | |
| Total Repossessed Inventory | | | 23 | | $ | 1,148,291.86 | |
| | | | | |
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | | |
| Second Prior Collection Period | | | | | 0.0882 | % |
| Prior Collection Period | | | | | 0.1296 | % |
| Current Collection Period | | | | | 0.1415 | % |
| Three Month Average | | | | | 0.1198 | % |
| | | | | |
| Delinquency Trigger (61+ Delinquent Receivables) | | | | | |
| Transaction Month | Trigger | | | | |
| 1-12 | 0.80% | | | | |
| 13-24 | 1.30% | | | | |
| 25-36 | 2.40% | | | | |
| 37+ | 4.55% | | | | |
| 61+ Delinquent Receivables Balance to EOP Pool Balance | | | | | 0.1973 | % |
| Delinquency Trigger Occurred | | | | | No |
Ford Credit Auto Owner Trust 2025-C
Monthly Investor Report
| | | | | |
| Collection Period | September 2026 |
| Payment Date | 10/15/2026 |
| Transaction Month | 11 | |
| | | | | | | | | | | | | | |
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount |
| | | | |
| 1 Month Extended | | | 57 | $2,708,538.79 | |
| 2 Months Extended | | | 68 | $3,187,706.82 | |
| 3+ Months Extended | | | 15 | $591,126.55 | |
| | | | |
| Total Receivables Extended | 140 | $6,487,372.16 | |
IX. REPURCHASE DEMAND ACTIVITY (RULE 15Ga-1)
| | |
| No Activity to report |
|
| Most Recent Form ABS-15G for repurchase demand activity |
|
| Filed by: Ford Motor Credit Company LLC |
| CIK#: 0000038009 |
| Date: February 6, 2026 |
|
X. FLOATING RATE BENCHMARK: BENCHMARK TRANSITION
| | | | | |
| Benchmark Transition Event: | N/A |
| |
| Benchmark Replacement Date: | N/A |
| |
| Unadjusted Benchmark Replacement: | N/A |
| |
| Benchmark Replacement Adjustment: | N/A |
| |
| Benchmark Replacement Conforming Changes: | N/A |
| |
SERVICER CERTIFICATION
THIS REPORT IS ACCURATE IN ALL MATERIAL RESPECTS.
Ford Motor Credit Company LLC
/s/ Ryan M. Hershberger
Assistant Treasurer