Credit standards · Auto loan credit standards
VOLKSWAGEN AUTO LOAN ENHANCED TRUST
Summary statistics computed from the Form ABS-EE asset-level file for this shelf, filed 2026-08-20. 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.
2,501 loans analysed, sampled systematically (every 20th record) from 50,033 records. CIK 1976946. Source filing.
Distributions
| Measure | 5th | 25th | Median | 75th | 95th |
|---|---|---|---|---|---|
| Credit score | 673 | 726 | 773 | 824 | 870 |
| APR | 2.0% | 3.5% | 4.7% | 5.9% | 8.2% |
| Payment-to-income | 1.7% | 4.3% | 7.3% | 11.7% | 20.6% |
| Term (months) | 48 | 60 | 72 | 72 | 72 |
| Loan-to-value | 45.4% | 71.4% | 92.5% | 107.7% | 127.9% |
| Vehicle model year | 2018 | 2020 | 2022 | 2022 | 2023 |
By credit score band
| Band | Range | Loans | Share | Median APR |
|---|---|---|---|---|
| near prime | 601-660 | 67 | 2.7% | 10.1% |
| prime | 661-780 | 1,269 | 50.7% | 5.0% |
| super prime | 781-900 | 1,165 | 46.6% | 4.2% |
Pool composition
- Originators: VW Credit (2,501)
- Used vehicles: 35.9%
- Co-obligor present: 25.8%
- Zero-APR loans: 0.9%
- States present: 49
- Top states: CA (414), FL (271), TX (270), NJ (152), NY (142), IL (113), PA (83), GA (82)
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, 1, 3 and 2, 1, 3). Their meanings are not asserted here — the filer's codebook is the only authority for what a code means, and this shelf published 58 codebook fields.
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.