Ford Credit Auto Owner Trust 2025-A
Monthly Investor Report
| | | | | |
| Collection Period | September 2026 |
| Payment Date | 10/15/2026 |
| Transaction Month | 19 | |
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 | $ | 1,668,378,947.84 | | | 45,722 | | 54.3 months |
| | | | | |
| Dollar Amount | | Note Interest Rate | | Final Scheduled Payment Date |
| Original Securities | | | | | |
| Class A-1 Notes | $ | 315,000,000.00 | | | 4.421 | % | | April 15, 2026 |
| Class A-2a Notes | $ | 326,000,000.00 | | | 4.47 | % | | December 15, 2027 |
| Class A-2b Notes | $ | 250,000,000.00 | | | 4.05850 | % | * | December 15, 2027 |
| Class A-3 Notes | $ | 513,600,000.00 | | | 4.45 | % | | October 15, 2029 |
| Class A-4 Notes | $ | 95,400,000.00 | | | 4.52 | % | | February 15, 2031 |
| Class B Notes | $ | 47,370,000.00 | | | 4.89 | % | | February 15, 2031 |
| Class C Notes | $ | 31,570,000.00 | | | 0.00 | % | | September 15, 2032 |
| Total | $ | 1,578,940,000.00 | | | | | |
| | | * 30-day average SOFR + 0.41% |
II. AVAILABLE FUNDS
| | | | | |
| Interest: | |
| Interest Collections | $ | 3,472,320.67 | |
| |
| Principal: | |
| Principal Collections | $ | 23,597,601.41 | |
| Prepayments in Full | $ | 12,993,672.44 | |
| Liquidation Proceeds | $ | 479,217.08 | |
| Recoveries | $ | 105,195.25 | |
| Sub Total | $ | 37,175,686.18 | |
| Collections | $ | 40,648,006.85 | |
| |
| Purchase Amounts: | |
| Purchase Amounts Related to Principal | $ | 22,865.88 | |
| Purchase Amounts Related to Interest | $ | 74.09 | |
| Sub Total | $ | 22,939.97 | |
| |
| Clean-up Call | $ | 0.00 | |
| |
| Reserve Account Draw Amount | $ | 0.00 | |
| |
| Available Funds - Total | $ | 40,670,946.82 | |
Ford Credit Auto Owner Trust 2025-A
Monthly Investor Report
| | | | | |
| Collection Period | September 2026 |
| Payment Date | 10/15/2026 |
| Transaction Month | 19 | |
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 | | | $ | 40,670,946.82 | |
| Servicing Fee | $ | 697,987.42 | | | $ | 697,987.42 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 39,972,959.40 | |
| Interest - Class A-1 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 39,972,959.40 | |
| Interest - Class A-2a Notes | $ | 162,677.06 | | | $ | 162,677.06 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 39,810,282.34 | |
| Interest - Class A-2b Notes | $ | 113,267.88 | | | $ | 113,267.88 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 39,697,014.46 | |
| Interest - Class A-3 Notes | $ | 1,904,600.00 | | | $ | 1,904,600.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 37,792,414.46 | |
| Interest - Class A-4 Notes | $ | 359,340.00 | | | $ | 359,340.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 37,433,074.46 | |
| First Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 37,433,074.46 | |
| Interest - Class B Notes | $ | 193,032.75 | | | $ | 193,032.75 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 37,240,041.71 | |
| Second Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 37,240,041.71 | |
| Interest - Class C Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 37,240,041.71 | |
| Reserve Account Deposit | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 37,240,041.71 | |
| Regular Principal Payment | $ | 35,440,859.31 | | | $ | 35,440,859.31 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 1,799,182.40 | |
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 1,799,182.40 | |
| Residual Released to Depositor | $ | 0.00 | | | $ | 1,799,182.40 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | | | $ | 40,670,946.82 | | | | | | | |
| | | | | | | | | |
| Principal Payment: | | | | | | | | | |
| First Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Second Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Regular Principal Payment | | | | | | | | | $ | 35,440,859.31 | |
| Total | | | | | | | | | $ | 35,440,859.31 | |
| | | | | | | | | |
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 | $ | 20,058,541.90 | | | $ | 61.53 | | | $ | 162,677.06 | | | $ | 0.50 | | | $ | 20,221,218.96 | | | $ | 62.03 | |
| Class A-2b Notes | $ | 15,382,317.41 | | | $ | 61.53 | | | $ | 113,267.88 | | | $ | 0.45 | | | $ | 15,495,585.29 | | | $ | 61.98 | |
| Class A-3 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 1,904,600.00 | | | $ | 3.71 | | | $ | 1,904,600.00 | | | $ | 3.71 | |
| Class A-4 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 359,340.00 | | | $ | 3.77 | | | $ | 359,340.00 | | | $ | 3.77 | |
| Class B Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 193,032.75 | | | $ | 4.08 | | | $ | 193,032.75 | | | $ | 4.08 | |
| Class C Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | $ | 35,440,859.31 | | | $ | 22.45 | | | $ | 2,732,917.69 | | | $ | 1.73 | | | $ | 38,173,777.00 | | | $ | 24.18 | |
| | | | | | | | | | | |
Ford Credit Auto Owner Trust 2025-A
Monthly Investor Report
| | | | | |
| Collection Period | September 2026 |
| Payment Date | 10/15/2026 |
| Transaction Month | 19 | |
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 | $ | 43,671,694.86 | | | 0.1339623 | | $ | 23,613,152.96 | | | 0.0724330 |
| Class A-2b Notes | $ | 33,490,563.54 | | | 0.1339623 | | $ | 18,108,246.13 | | | 0.0724330 |
| Class A-3 Notes | $ | 513,600,000.00 | | | 1.0000000 | | $ | 513,600,000.00 | | | 1.0000000 |
| Class A-4 Notes | $ | 95,400,000.00 | | | 1.0000000 | | $ | 95,400,000.00 | | | 1.0000000 |
| Class B Notes | $ | 47,370,000.00 | | | 1.0000000 | | $ | 47,370,000.00 | | | 1.0000000 |
| Class C Notes | $ | 31,570,000.00 | | | 1.0000000 | | $ | 31,570,000.00 | | | 1.0000000 |
| Total | $ | 765,102,258.40 | | | 0.4845670 | | $ | 729,661,399.09 | | | 0.4621210 |
| | | | | | | | | | | |
| Pool Information | | | |
| Weighted Average APR | 5.003 | % | | 5.011 | % |
| Weighted Average Remaining Term | 41.11 | | 40.36 |
| Number of Receivables Outstanding | 29,603 | | 28,786 |
| Pool Balance | $ | 837,584,904.33 | | | $ | 800,125,057.63 | |
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 796,681,224.20 | | | $ | 761,240,364.89 | |
| Pool Factor | 0.5020352 | | 0.4795823 |
| | | |
VI. OVERCOLLATERALIZATION INFORMATION
| | | | | |
| Specified Reserve Balance | $ | 3,947,370.73 | |
| Yield Supplement Overcollateralization Amount | $ | 38,884,692.74 | |
| Targeted Overcollateralization Amount | $ | 70,463,658.54 | |
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 70,463,658.54 | |
| |
VII. RECONCILIATION OF RESERVE ACCOUNT
| | | | | |
| Beginning Reserve Account Balance | $ | 3,947,370.73 | |
| Reserve Account Deposits Made | $ | 0.00 | |
| Reserve Account Draw Amount | $ | 0.00 | |
| Ending Reserve Account Balance | $ | 3,947,370.73 | |
| Change in Reserve Account Balance | $ | 0.00 | |
| Specified Reserve Balance | $ | 3,947,370.73 | |
| |
Ford Credit Auto Owner Trust 2025-A
Monthly Investor Report
| | | | | |
| Collection Period | September 2026 |
| Payment Date | 10/15/2026 |
| Transaction Month | 19 | |
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| | | | | | | | | | | | | | | | | |
| | | # of Receivables | | Amount |
| Current Collection Period Loss: | | | | | |
| Realized Loss (Charge-Offs) | | | 54 | | $ | 366,489.89 | |
| (Recoveries) | | | 33 | | $ | 105,195.25 | |
| Net Loss for Current Collection Period | | | | | $ | 261,294.64 | |
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | | | | | 0.3744 | % |
| | | | | |
| Prior and Current Collection Periods Average Loss: | | | | | |
| | | | | |
| Ratio of Net Loss to the Average Pool Balance (annualized) | | | | | |
| Third Prior Collection Period | | | | | 0.6794 | % |
| Second Prior Collection Period | | 0.6664 | % |
| Prior Collection Period | | | | | 0.7927 | % |
| Current Collection Period | | | | | 0.3829 | % |
| Four Month Average (Current and Prior Three Collection Periods) | | | | | 0.6303 | % |
| | | | | |
| Cumulative Loss: | | | | | |
| Cumulative Realized Loss (Charge-Offs) | | | 1,369 | | $ | 7,572,696.07 | |
| (Cumulative Recoveries) | | | | | $ | 785,784.54 | |
| Cumulative Net Loss for All Collection Periods | | | | | $ | 6,786,911.53 | |
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | | | | 0.4068 | % |
| | | | | |
| Average Realized Loss for Receivables that have experienced a Realized Loss | | | | | $ | 5,531.55 | |
| Average Net Loss for Receivables that have experienced a Realized Loss | | | | | $ | 4,957.57 | |
| | | | | |
| % of EOP Pool Balance | | # of Receivables | | Amount |
| Delinquent Receivables: | | | | | |
| 31-60 Days Delinquent | 1.05 | % | | 233 | | $ | 8,389,251.69 | |
| 61-90 Days Delinquent | 0.18 | % | | 31 | | $ | 1,404,353.56 | |
| 91-120 Days Delinquent | 0.05 | % | | 10 | | $ | 382,934.65 | |
| Over 120 Days Delinquent | 0.07 | % | | 12 | | $ | 542,677.13 | |
| Total Delinquent Receivables | 1.34 | % | | 286 | | $ | 10,719,217.03 | |
|
| Repossession Inventory: | | | | | |
| Repossessed in the Current Collection Period | | | 17 | | $ | 677,050.62 | |
| Total Repossessed Inventory | | | 28 | | $ | 1,087,532.84 | |
| | | | | |
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | | |
| Second Prior Collection Period | | | | | 0.1835 | % |
| Prior Collection Period | | | | | 0.2061 | % |
| Current Collection Period | | | | | 0.1841 | % |
| Three Month Average | | | | | 0.1912 | % |
| | | | | |
| 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 | | | | | 0.2912 | % |
| Delinquency Trigger Occurred | | | | | No |
Ford Credit Auto Owner Trust 2025-A
Monthly Investor Report
| | | | | |
| Collection Period | September 2026 |
| Payment Date | 10/15/2026 |
| Transaction Month | 19 | |
| | | | | | | | | | | | | | |
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount |
| | | | |
| 1 Month Extended | | | 75 | $2,987,701.80 | |
| 2 Months Extended | | | 98 | $3,714,001.41 | |
| 3+ Months Extended | | | 23 | $1,086,556.29 | |
| | | | |
| Total Receivables Extended | 196 | $7,788,259.50 | |
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