| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | Moody's | Fitch |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 198.0 | 18.4% | 6.10% | 0.24 | 4.26% | +14 I-curve | 2027-10-18 | P-1 | F1+ |
| Class A-2-A | 280.6 | 26.1% | 6.10% | 1.04 | 4.78% | +37 I-curve | 2029-10-16 | Aaa | AAA |
| Class A-2-B | 75.0 | 7.0% | 6.10% | 1.04 | floating | +37 SOFR | 2029-10-16 | Aaa | AAA |
| Class A-3 | 355.6 | 33.1% | 6.10% | 2.44 | 5.26% | +47 I-curve | 2031-11-17 | Aaa | AAA |
| Class A-4 | 74.2 | 6.9% | 6.10% | 3.64 | 5.36% | +47 I-curve | 2032-06-16 | Aaa | AAA |
| Class B | 16.7 | 1.6% | 4.50% | 3.67 | 5.54% | +65 I-curve | 2032-08-16 | Aa2 | AA |
| Class C | 15.7 | 1.5% | 3.00% | 3.67 | 5.64% | — | 2034-04-17 | A2 | A |
Enhancement: subordinate notes, overcollateralization and reserve beneath the class, as a share of the pool net of any yield supplement (the adjusted pool, as the issuers and rating agencies measure it); the Class A notes share losses pari passu, so each carries the same figure. Spread: basis points over the benchmark named beside it, from the pricing term sheet — the interpolated curve for fixed-rate classes, 30-day average SOFR for floaters; the two are not comparable. A class marked retained was kept by the depositor, as the prospectus states.
| Sponsor | AmeriCredit Financial Services, Inc. |
|---|---|
| Servicer | AmeriCredit Financial Services, Inc. |
| Depositor / Transferor | AFS SenSub Corp. |
| Indenture Trustee | — |
| Owner Trustee | Wilmington Trust, National Association |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | Deutsche Bank Securities, J.P. Morgan Securities, MUFG Securities Americas, SMBC Nikko Securities, TD Securities, BNP Paribas Securities, Credit Agricole Securities, Great Pacific Securities |
| GMCAR 2026-4 | GMCAR 2026-3 | GMCAR 2026-2 | GMCAR 2026-1 | GMCAR 2025-4 | GMCAR 2025-3 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2026-10-14 | 2026-07-15 | 2026-04-15 | 2026-01-14 | 2025-11-05 | 2025-07-16 | 424B5 |
| Pool balance | $1,073.3MM | $1,078.8MM | $1,335.0MM | $1,317.6MM | $951.1MM | $974.1MM | 424B5 |
| WA Credit Score | 773−8 | 781 | 777 | 779 | 781 | 783 | 424B5 |
| WA APR | 6.95%+0.32pp | 6.63% | 6.81% | 6.71% | 6.53% | 6.58% | 424B5 |
| WA original term mo | 13.0−57.0 | 70.0 mo | 70.0 mo | 70.0 mo | 13.0 mo | 69.0 mo | 424B5 |
| % new vehicles | 80.8% | 80.8% | 80.8% | 80.8% | 87.9% | 87.9% | 424B5 |
| Geo top-3 | TX 14.5% CA 7.0% FL 6.7% | TX 14.4% FL 6.8% CA 6.7% | TX 14.2% FL 7.1% CA 6.7% | TX 14.6% FL 7.1% CA 6.3% | TX 14.1% FL 7.1% CA 7.0% | TX 13.7% FL 7.4% CA 6.4% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 6.10%0.00pp | 6.10% | 6.10% | 6.10% | 6.10% | 6.10% | calc |
| Enhancement, target | 6.10% | 6.10% | 6.10% | 6.10% | 6.10% | 6.10% | calc |
| Subordinate notes | 3.1%0.0pp | 3.1% | 3.1% | 3.1% | 3.1% | 3.1% | calc |
| OC (initial) | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 424B5 |
| OC target | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 424B5 |
| OC floor | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 2.68% | 3.18% | 2.19% | 2.44% | 2.68% | 3.50% | 424B5 |
| Pricing | |||||||
| AAA spread | +47 bps+11bps A-3 · 2.4y | +31 bps A-3 · 2.4y | +39 bps A-3 · 2.7y | +35 bps A-3 · 2.6y | +38 bps A-3 · 2.6y | +36 bps A-3 · 2.5y | FWP |
| Terms | |||||||
| Tranches | 7 | 7 | 7 | 7 | 7 | 7 | FWP |
Enhancement: subordinate notes, overcollateralization and the reserve account as a share of the cutoff-date pool — the losses the pool can absorb before the AAA term notes are touched. AAA spread: the pricing spread over the interpolated curve for the fixed-rate AAA class whose weighted-average life is nearest two years, with that class and its WAL shown; floating-rate classes are never used. Source: 424B5 = final prospectus, FWP = pricing term sheet, calc = derived from the above. Deltas are against the peer median; green means more protection, or a cheaper price for it, for the noteholder.
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
| GMCAR 2026-4 | NAROT 2026-B | FCAOT 2026-C | HART 2026-C | WOART 2026-C | BMWOT 2026-A | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2026-10-14 | 2026-09-30 | 2026-09-28 | 2026-09-23 | 2026-08-26 | 2026-08-19 | 424B5 |
| Pool balance | $1,073.3MM | $1,440.0MM | $1,663.6MM | $2,306.5MM | $1,084.4MM | $1,895.5MM | 424B5 |
| WA Credit Score | 773−1 | 784 | 753 | 774 | 758 | 788 | 424B5 |
| WA APR | 6.95%+1.82pp | 4.03% | 5.13% | 4.49% | 5.74% | 5.36% | 424B5 |
| WA original term mo | 13.0−53.2 | — | 66.5 mo | 65.9 mo | 69.0 mo | 65.1 mo | 424B5 |
| % new vehicles | 80.8% | 4.5% | 92.9% | 99.9% | 98.5% | 70.5% | 424B5 |
| Geo top-3 | TX 14.5% CA 7.0% FL 6.7% | FL 7.5% CA 6.4% GA 4.0% | TX 17.7% FL 8.9% CA 8.6% | TX 13.0% FL 9.6% CA 8.6% | FL 46.2% GA 18.6% NC 15.4% | CA 15.9% TX 13.2% FL 10.9% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 6.10%+1.35pp | 4.25% | 5.25% | 7.55% | 4.75% | 2.75% | calc |
| Enhancement, target | 6.10% | 4.25% | 7.25% | 8.05% | 5.65% | 2.75% | calc |
| Subordinate notes | 3.1%−1.4pp | 3.0% | 5.0% | 4.8% | 4.5% | 0.0% | calc |
| OC (initial) | 2.75% | 1.00% | 0.00% | 2.50% | 0.00% | 2.50% | 424B5 |
| OC target | 2.75% | 1.00% | 2.00% | 3.00% | 0.90% | 2.50% | 424B5 |
| OC floor | 2.75% | 1.00% | 2.00% | 3.00% | 0.50% | 2.50% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 2.68% | 9.81% | 5.09% | 8.12% | 6.76% | 5.31% | 424B5 |
| Pricing | |||||||
| AAA spread | +47 bps+9bps A-3 · 2.4y | +38 bps A-3 · 2.3y | +37 bps A-3 · 2.3y | +38 bps A-3 · 2.4y | +43 bps A-3 · 2.6y | +39 bps A-3 · 2.4y | FWP |
| Terms | |||||||
| Tranches | 7 | 7 | 7 | 7 | 7 | 5 | FWP |
Enhancement: subordinate notes, overcollateralization and the reserve account as a share of the cutoff-date pool — the losses the pool can absorb before the AAA term notes are touched. AAA spread: the pricing spread over the interpolated curve for the fixed-rate AAA class whose weighted-average life is nearest two years, with that class and its WAL shown; floating-rate classes are never used. Source: 424B5 = final prospectus, FWP = pricing term sheet, calc = derived from the above. Deltas are against the peer median; green means more protection, or a cheaper price for it, for the noteholder.
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
Left: per-series cumulative NET loss at matched seasoning 10-D (10-D servicer distribution reports). IQR band uses a fixed cohort of all peer series with ≥18 months of data (208 series across 9 issuers). Right: portfolio-level 60+ DQ rate aggregated across all active deals per issuer (calendar time, last 3 years), from ABS-EE loan-level data ABS-EE.
AmeriCredit Financial Services, Inc. — ticker GMCAR.
Peer tier: prime.
Open the performance page ↗ for
FICO sub-band and new/used stratification.