Credit standards · Auto loan credit standards
FORD CREDIT AUTO OWNER TRUST
Summary statistics computed from the Form ABS-EE asset-level file for this shelf, filed 2026-08-18. 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.
637 loans analysed, sampled systematically (every 20th record) from 12,801 records. CIK 1951752. Source filing.
Distributions
| Measure | 5th | 25th | Median | 75th | 95th |
|---|---|---|---|---|---|
| Credit score | 547 | 659 | 740 | 805 | 862 |
| APR | 0.0% | 1.9% | 3.9% | 5.9% | 8.7% |
| Payment-to-income | 2.4% | 5.2% | 7.4% | 11.0% | 18.3% |
| Term (months) | 61 | 61 | 73 | 74 | 85 |
| Loan-to-value | 56.7% | 84.6% | 100.9% | 114.6% | 131.8% |
| Vehicle model year | 2019 | 2021 | 2022 | 2022 | 2022 |
By credit score band
| Band | Range | Loans | Share | Median APR |
|---|---|---|---|---|
| deep subprime | 300-500 | 13 | 2.0% | 5.2% |
| subprime | 501-600 | 57 | 8.9% | 4.9% |
| near prime | 601-660 | 69 | 10.8% | 5.9% |
| prime | 661-780 | 227 | 35.6% | 3.9% |
| super prime | 781-900 | 184 | 28.9% | 1.9% |
Pool composition
- Originators: Ford Credit (637)
- Used vehicles: 12.4%
- Co-obligor present: 26.4%
- Zero-APR loans: 21.7%
- States present: 50
- Top states: TX (102), CA (78), FL (42), NY (30), GA (26), PA (24), NJ (22), MI (21)
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, 5 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.