other material
confidence high
sentiment neutral
materiality 0.50
Exeter Automobile Receivables Trust 2026-3 issues $1.292B in ABS notes backed by sub-prime auto loans
Exeter Automobile Receivables Trust 2026-3
- On June 24, 2026, EFCAR transferred sub-prime auto loans to Exeter Automobile Receivables Trust 2026-3.
- Trust issued eight classes of asset-backed notes totaling approximately $1.292 billion.
- Classes: A-1 ($142M), A-2 ($236.22M), A-3 ($267.47M), B ($140.34M), C ($146.42M), D ($194.31M), E ($130.9M), N ($34.41M).
- No coupon rates or maturities disclosed in the filing; standard securitization structure.
- Transaction represents routine ABS issuance for Exeter Finance; no guidance changes.