Exeter Select Auto Receivables Trust 2025-2 issues $368M in asset-backed notes

EFCAR, LLC

Total note issuance of $368,205,000 across seven classes (A-1 through E) closing July 30, 2025.
Underwriting agreement with J.P. Morgan Securities LLC and Wells Fargo Securities LLC dated July 22, 2025.
Proceeds used to purchase sub-prime auto loan contracts from Exeter Finance LLC via Purchase Agreement.
Transaction includes standard securitization documents: Sale and Servicing Agreement, Indenture, etc.
Certifications made by CEO of EFCAR per Form SF-3 requirements.

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