Credit standards · Auto loan credit standards
EXETER AUTOMOBILE RECEIVABLES TRUST
Summary statistics computed from the Form ABS-EE asset-level file for this shelf, filed 2026-08-19. 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.
2,103 loans analysed, sampled systematically (every 20th record) from 42,065 records. CIK 2150254. Source filing.
Distributions
| Measure | 5th | 25th | Median | 75th | 95th |
|---|---|---|---|---|---|
| Credit score | 503 | 556 | 587 | 617 | 649 |
| APR | 12.6% | 16.8% | 20.6% | 24.4% | 29.7% |
| Payment-to-income | 3.9% | 6.8% | 9.6% | 13.1% | 18.7% |
| Term (months) | 67 | 73 | 76 | 79 | 80 |
| Loan-to-value | 83.3% | 103.7% | 116.4% | 129.7% | 148.5% |
| Vehicle model year | 2014 | 2018 | 2021 | 2024 | 2026 |
LTV is not comparable across shelves for this filing: the vehicle value source is filer-specific (codes 98, 1, 3), and the code meanings are not asserted here.
By credit score band
| Band | Range | Loans | Share | Median APR |
|---|---|---|---|---|
| deep subprime | 300-500 | 88 | 4.2% | 22.8% |
| subprime | 501-600 | 1,181 | 56.2% | 21.4% |
| near prime | 601-660 | 726 | 34.5% | 19.3% |
| prime | 661-780 | 71 | 3.4% | 19.8% |
| super prime | 781-900 | 1 | 0.0% | 23.8% |
Pool composition
- Originators: Exeter Finance (2,103)
- Used vehicles: 87.9%
- Co-obligor present: 33.7%
- Zero-APR loans: 0.0%
- States present: 50
- Top states: TX (472), CA (221), FL (154), NC (110), GA (107), IL (72), SC (63), MO (59)
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, 3, 4 and 2, 3). 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.