Credit standards · Auto loan credit standards
BMW VEHICLE OWNER TRUST
Summary statistics computed from the Form ABS-EE asset-level file for this shelf, filed 2026-08-10. Regulation AB II requires this loan-level data for registered public auto-loan securitizations, so every figure below is a statement about a named, dated SEC filing — not about a company.
2,279 loans analysed, sampled systematically (every 20th record) from 45,581 records. CIK 1979860. Source filing.
Distributions
| Measure | 5th | 25th | Median | 75th | 95th |
|---|---|---|---|---|---|
| Credit score | 685 | 743 | 795 | 842 | 875 |
| APR | 1.5% | 2.8% | 3.9% | 5.3% | 7.0% |
| Payment-to-income | 1.2% | 3.2% | 5.4% | 8.4% | 15.3% |
| Term (months) | 48 | 60 | 60 | 72 | 72 |
| Loan-to-value | 38.5% | 64.8% | 84.0% | 100.1% | 115.8% |
| Vehicle model year | 2017 | 2019 | 2021 | 2022 | 2023 |
By credit score band
| Band | Range | Loans | Share | Median APR |
|---|---|---|---|---|
| near prime | 601-660 | 54 | 2.4% | 8.5% |
| prime | 661-780 | 926 | 40.6% | 4.0% |
| super prime | 781-900 | 1,299 | 57.0% | 3.5% |
Pool composition
- Originators: BMW Bank of North America (2,279)
- Used vehicles: 26.9%
- Co-obligor present: 29.1%
- Zero-APR loans: 0.0%
- States present: 48
- Top states: CA (418), TX (242), FL (206), NJ (152), GA (106), PA (106), NY (98), VA (70)
What this is not
Not underwriting guidelines. Not a comparison of lenders. Not a description of any lender's programs or current practices. Each row describes one securitized pool, as reported in one filing, on one date - a sponsor-selected subset of what an originator funded. Issuers securitizing privately under Rule 144A file no asset-level data and are absent by construction.
Income and employment verification appear in the file only as raw Schedule AL codes (2 and 2). Their meanings are not asserted here — the filer's codebook is the only authority for what a code means, and this shelf published none.
underwritingIndicator is recorded upstream but omitted here: filers apply it inconsistently and it cannot be read as an exception rate. Verification codes are raw and are not comparable across filers. LTV carries a per-shelf comparability flag.
Method: how these figures are computed. Data generated 2026-08-25 from the filing above.