Exhibit 99.1
GM
Financial Automobile Leasing Trust 2017-2
2.96% Exchange Note
Class A-1 1.25000% Asset Backed Notes
Class A-2A 1.72% Asset Backed Notes
Class A-2B Floating Asset Backed Notes
Class A-3 2.02% Asset Backed Notes
Class A-4 2.18% Asset Backed Notes
Class B 2.43% Asset Backed Notes
Class C 2.84% Asset Backed Notes
Class D 2.95% Asset Backed Notes
Servicer’s Certificate
| Beginning of Period: |
04/01/19 | |||
| End of Period: |
04/30/19 | |||
| Number of days in Interest Period (Actual/360): |
28 | |||
| Number of days in Collection Period: |
30 | |||
| Report Due Date: |
05/16/19 | |||
| Distribution Date: |
05/20/19 | |||
| Transaction Month: |
23 |
| 2017-2 | Original Agg. | |||||||||||||||
| Designated Pool |
Units | Start Date | Closing Date | Securitization Value | ||||||||||||
| 53,085 | 05/01/2017 | 06/14/2017 | $ | 1,362,471,925 | ||||||||||||
| Total |
53,085 | $ | 1,362,471,925 | |||||||||||||
RECONCILIATION OF 2017-2 DESIGNATED POOL AGGREGATE SECURITIZATION VALUE | ||||||||||||||||||||||||
| {1} Beginning of period Aggregate Securitization Value |
{1} | $ | 722,752,024 | |||||||||||||||||||||
| {2} Reduction in Agg. Securitization Value due to payments |
{2} | 9,723,134 | ||||||||||||||||||||||
| {3} Reduction in Agg. Securitization Value due to Defaulted Leases |
{3} | 1,187,458 | ||||||||||||||||||||||
| {4} Reduction in Agg. Securitization Value due to early terminations, dealer buyouts, cancellations, repurchases |
|
{4} | 36,259,373 | |||||||||||||||||||||
| {5} Other adjustments |
{5} | 0 | ||||||||||||||||||||||
| {6} Total change in Agg. Securitization Value |
{6} | 47,169,965 | ||||||||||||||||||||||
| {7} End of period Aggregate Securitization Value |
{7} | $ | 675,582,059 | |||||||||||||||||||||
| {8} Pool Factor |
{8} | 49.585026 | % | |||||||||||||||||||||
| RECONCILIATION OF 2017-2 EXCHANGE NOTE |
||||||||||||||||||||||||
| {9} Original Exchange Note Balance |
{9} | $ | 1,326,000,000 | |||||||||||||||||||||
| {10} Beginning of period Exchange Note Balance |
{10} | $ | 686,280,099 | |||||||||||||||||||||
| {11} Exchange Note Principal Payment Amount |
{11} | 47,169,965 | ||||||||||||||||||||||
| {12} End of period Exchange Note Balance |
{12} | $ | 639,110,134 | |||||||||||||||||||||
| {13} Note Pool Factor |
{13} | 48.198351 | % | |||||||||||||||||||||
| RECONCILIATION OF THE ASSET BACKED NOTES |
||||||||||||||||||||||||
| Class A-1 | Class A-2A | Class A-2B | Class A-3 | Class A-4 | ||||||||||||||||||||
| {14} Original Note Balance |
{14} | $ | 169,000,000 | $ | 260,000,000 | $ | 220,000,000 | $ | 350,000,000 | $ | 99,150,000 | |||||||||||||
| {15} Beginning of period Note Balance |
{15} | $ | 0 | $ | 0 | $ | 0 | $ | 325,286,292 | $ | 99,150,000 | |||||||||||||
| {16} Noteholders’ Principal Distributable Amount |
{16} | 0 | 0 | 0 | 33,545,246 | 0 | ||||||||||||||||||
| {17} Noteholders’ Accelerated Principal Amount |
{17} | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||
| {18} Aggregate Principal Parity Amount |
{18} | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||
| {19} Matured Principal Shortfall |
{19} | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||
| {20} End of period Note Balance |
{20} | $ | 0 | $ | 0 | $ | 0 | $ | 291,741,046 | $ | 99,150,000 | |||||||||||||
| {21} Note Pool Factor |
{21} | 0.000000 | % | 0.000000 | % | 0.000000 | % | 83.354585 | % | 100.000000 | % | |||||||||||||
| Class B | Class C | Class D | TOTAL | |||||||||||||||||||||
| {22} Original Note Balance |
{22} | $ | 59,260,000 | $ | 55,130,000 | $ | 37,460,000 | $ | 1,250,000,000 | |||||||||||||||
| {23} Beginning of period Note Balance |
{23} | $ | 59,260,000 | $ | 55,130,000 | $ | 37,460,000 | $ | 576,286,292 | |||||||||||||||
| {24} Noteholders’ Principal Distributable Amount |
{24} | 0 | 0 | 0 | 33,545,246 | |||||||||||||||||||
| {25} Noteholders’ Accelerated Principal Amount |
{25} | 0 | 0 | 0 | 0 | |||||||||||||||||||
| {26} Aggregate Principal Parity Amount |
{26} | 0 | 0 | 0 | 0 | |||||||||||||||||||
| {27} Matured Principal Shortfall |
{27} | 0 | 0 | 0 | 0 | |||||||||||||||||||
| {28} End of period Note Balance |
{28} | $ | 59,260,000 | $ | 55,130,000 | $ | 37,460,000 | $ | 542,741,046 | |||||||||||||||
| {29} Note Pool Factor |
{29} | 100.000000 | % | 100.000000 | % | 100.000000 | % | 43.419284 | % | |||||||||||||||
1
| EXCHANGE NOTE MONTHLY PRINCIPAL PAYMENT AND INTEREST CALCULATIONS |
|
|||||||||||||||||||||||||||||||||
| Principal payment calculation: |
|
|||||||||||||||||||||||||||||||||
| {30} Beginning of period Designated Pool Balance |
|
{30} | $ | 722,752,024 | ||||||||||||||||||||||||||||||
| {31} Ending Designated Pool Balance |
|
{31} | 675,582,059 | |||||||||||||||||||||||||||||||
| {32} Unpaid prior Exchange Note Principal Payment Amount |
|
{32} | 0 | |||||||||||||||||||||||||||||||
| {33} Sum of {31} + {32} |
|
{33} | 675,582,059 | |||||||||||||||||||||||||||||||
| {34} Exchange Note Principal Payment Amount {30} - {33} |
|
{34} | $ | 47,169,965 | ||||||||||||||||||||||||||||||
| Interest calculation: |
|
|||||||||||||||||||||||||||||||||
| Beg Note Balance |
Interest Carryover |
Interest Rate | Days | Days Basis | Interest | |||||||||||||||||||||||||||||
| {35} |
$ | 686,280,099 | $ | 0 | 2.96 | % | 30 | 30/360 | $ | 1,692,825 | ||||||||||||||||||||||||
| RECONCILIATION OF EXCHANGE NOTE COLLECTION ACCOUNT |
|
|||||||||||||||||||||||||||||||||
| Additions: |
|
|||||||||||||||||||||||||||||||||
| {36} 2017-2 Designated Pool Collections (net of Liquidation Proceeds and fees) |
|
{36} | $ | 13,107,416 | ||||||||||||||||||||||||||||||
| {37} Net Liquidation Proceeds collected during period |
|
{37} | 42,089,436 | |||||||||||||||||||||||||||||||
| {38} Investment Earnings |
|
{38} | 100,363 | |||||||||||||||||||||||||||||||
| {39} Investment Earnings - transferred to Indenture Note Collection Account |
|
{39} | (100,363 | ) | ||||||||||||||||||||||||||||||
| {40} Deposit from Servicer |
|
{40} | 0 | |||||||||||||||||||||||||||||||
| {41} Total Additions: |
|
{41} | 55,196,852 | |||||||||||||||||||||||||||||||
| Distributions: |
|
|||||||||||||||||||||||||||||||||
| {42} To the Servicer, Designated Pool Servicing Fee |
|
{42} | 602,293 | |||||||||||||||||||||||||||||||
| {43} To the 2017-2 Exchange Noteholder, the Exchange Note Interest Payment Amount |
|
{43} | 1,692,825 | |||||||||||||||||||||||||||||||
| {44} To the 2017-2 Exchange Noteholder, the Exchange Note Principal Payment Amount |
|
{44} | 47,169,965 | |||||||||||||||||||||||||||||||
{45} To the 2017-2 Exchange Noteholder, any funds available to pay obligations pursuant to Indenture Section 8.3 (a)(i) through (xvii) |
{45} | 0 | ||||||||||||||||||||||||||||||||
{46} To the 2017-2 Exchange Noteholder, all remaining funds to be applied as Excess Exchange Note Payments |
{46} | 5,731,769 | ||||||||||||||||||||||||||||||||
| {47} Total Distributions: |
|
{47} | $ | 55,196,852 | ||||||||||||||||||||||||||||||
| NOTEHOLDERS’ MONTHLY PRINCIPAL PAYMENT AND INTEREST CALCULATIONS |
|
|||||||||||||||||||||||||||||||||
| Noteholders’ Principal Distributable calculation: |
|
|||||||||||||||||||||||||||||||||
| {48} Beginning Agg. Securitization Value |
{48} |
$ | 722,752,024 | |||||||||||||||||||||||||||||||
| {49} Ending Agg. Securitization Value |
{49} |
675,582,059 | ||||||||||||||||||||||||||||||||
| {50} Principal Distributable Amount {48} - {49} |
|
{50} | 47,169,965 | |||||||||||||||||||||||||||||||
| {51} Noteholders’ Principal Carryover Amount |
|
{51} | 0 | |||||||||||||||||||||||||||||||
| {52} Principal Distributable Amount + Noteholders’ Principal Carryover Amount |
|
{52} | 47,169,965 | |||||||||||||||||||||||||||||||
| {53} Amount required to reduce Outstanding Amount after giving effect to distributions made pursuant to Indenture Section 8.3 (i) through (xiii) to the Required Pro Forma Note Balance |
|
{53} | 33,545,246 | |||||||||||||||||||||||||||||||
| {54} Noteholders’ Principal Distributable Amount Lessor of {52} and {53} |
|
{54} | $ | 33,545,246 | ||||||||||||||||||||||||||||||
| Noteholders’ Interest Distributable calculation: |
|
|||||||||||||||||||||||||||||||||
| Class | Beg Note Balance |
Interest Carryover |
Interest Rate | Days | Days Basis | Interest | ||||||||||||||||||||||||||||
| {55} |
Class A-1 | $ | 0 | $ | 0 | 1.25000 | % | 28 | Actual/360 | $ | 0 | |||||||||||||||||||||||
| {56} |
Class A-2A | $ | 0 | 0 | 1.72 | % | 30 | 30/360 | 0 | |||||||||||||||||||||||||
| {57} |
Class A-2B | $ | 0 | 0 | 2.78738 | % | 28 | Actual/360 | 0 | |||||||||||||||||||||||||
| {58} |
Class A-3 | $ | 325,286,292 | 0 | 2.02 | % | 30 | 30/360 | 547,566 | |||||||||||||||||||||||||
| {59} |
Class A-4 | $ | 99,150,000 | 0 | 2.18 | % | 30 | 30/360 | 180,123 | |||||||||||||||||||||||||
| {60} |
Class B | $ | 59,260,000 | 0 | 2.43 | % | 30 | 30/360 | 120,002 | |||||||||||||||||||||||||
| {61} |
Class C | $ | 55,130,000 | 0 | 2.84 | % | 30 | 30/360 | 130,475 | |||||||||||||||||||||||||
| {62} |
Class D | $ | 37,460,000 | 0 | 2.95 | % | 30 | 30/360 | 92,090 | |||||||||||||||||||||||||
| RECONCILIATION OF INDENTURE COLLECTION ACCOUNT |
|
|||||||||||||||||||||||||||||||||
| Available Funds: |
|
|||||||||||||||||||||||||||||||||
| {63} 2017-2 Exchange Note Collections |
|
{63} | $ | 54,594,559 | ||||||||||||||||||||||||||||||
| {64} Investment Earnings |
|
{64} | 0 | |||||||||||||||||||||||||||||||
| {65} Investment Earnings - transferred from Exchange Note Collection Account |
|
{65} | 100,363 | |||||||||||||||||||||||||||||||
| {66} Investment Earnings - and amounts released from Reserve Account pursuant to Section 2.14(b)(ii) of Servicing Supplement |
|
{66} | 12,794 | |||||||||||||||||||||||||||||||
| {67} Optional Purchase Price |
|
{67} | 0 | |||||||||||||||||||||||||||||||
| {68} Indenture Section 5.4 disposition of Collateral |
|
{68} | 0 | |||||||||||||||||||||||||||||||
| {69} Available Funds: |
|
{69} | 54,707,716 | |||||||||||||||||||||||||||||||
| {70} Reserve Account Withdrawal Amount |
|
{70} | 0 | |||||||||||||||||||||||||||||||
{71} Total Distributable Funds: |
{71} | 54,707,716 | ||||||||||||||||||||||||||||||||
| Distributions: |
|
|||||||||||||||||||||||||||||||||
| {72} To the Successor Servicer, unpaid transition expenses, pro rata |
|
{72} | 0 | |||||||||||||||||||||||||||||||
| {73} To the Indenture Trustee, any accrued and unpaid fees & expenses, pro rata |
|
{73} | 417 | |||||||||||||||||||||||||||||||
| {74} To the Issuer Owner Trustee, any accrued and unpaid fees & expenses, pro rata |
|
{74} | 208 | |||||||||||||||||||||||||||||||
| {75} To the Asset Representations Reviewer, any accrued and unpaid fees & expenses, pro rata |
|
{75} | 0 | |||||||||||||||||||||||||||||||
| {76} Class A-1 Noteholders’ Interest Distributable Amount pari passu |
|
{76} | 0 | |||||||||||||||||||||||||||||||
| {77} Class A-2A Noteholders’ Interest Distributable Amount pari passu |
|
{77} | 0 | |||||||||||||||||||||||||||||||
{78} Class A-2B Noteholders’ Interest Distributable Amount pari passu |
|
{78} | 0 | |||||||||||||||||||||||||||||||
| {79} Class A-3 Noteholders’ Interest Distributable Amount pari passu |
|
{79} | 547,566 | |||||||||||||||||||||||||||||||
| {80} Class A-4 Noteholders’ Interest Distributable Amount pari passu |
|
{80} | 180,123 | |||||||||||||||||||||||||||||||
| {81} Class A Noteholders’ Principal Parity Amount or Matured Principal Shortfall |
|
{81} | 0 | |||||||||||||||||||||||||||||||
| {82} Class B Noteholders’ Interest Distributable Amount |
|
{82} | 120,002 | |||||||||||||||||||||||||||||||
| {83} Class B Noteholders’ Principal Parity Amount or Matured Principal Shortfall |
|
{83} | 0 | |||||||||||||||||||||||||||||||
| {84} Class C Noteholders’ Interest Distributable Amount |
|
{84} | 130,475 | |||||||||||||||||||||||||||||||
| {85} Class C Noteholders’ Principal Parity Amount or Matured Principal Shortfall |
|
{85} | 0 | |||||||||||||||||||||||||||||||
| {86} Class D Noteholders’ Interest Distributable Amount |
|
{86} | 92,090 | |||||||||||||||||||||||||||||||
| {87} Class D Noteholders’ Principal Parity Amount or Matured Principal Shortfall |
|
{87} | 0 | |||||||||||||||||||||||||||||||
| {88} Noteholders’ Principal Distributable Amount |
|
{88} | 33,545,246 | |||||||||||||||||||||||||||||||
| {89} To the Reserve Account, the Reserve Amount Required Amount |
|
{89} | 0 | |||||||||||||||||||||||||||||||
{90} To the Noteholders, the Accelerated Principal Amount (as calculated below) |
|
{90} | 0 | |||||||||||||||||||||||||||||||
{91} To the Successor Servicer, any amounts in excess of the caps set forth, pro rata |
|
{91} | 0 | |||||||||||||||||||||||||||||||
| {92} To the Indenture Trustee, any amounts in excess of the caps set forth, pro rata |
|
{92} | 0 | |||||||||||||||||||||||||||||||
| {93} To the Asset Representations Reviewer, any amounts in excess of the caps set forth, pro rata |
|
{93} | 0 | |||||||||||||||||||||||||||||||
{94} To the Issuer Owner Trustee, any amounts in excess of the caps set forth, pro rata |
{94} | 0 | ||||||||||||||||||||||||||||||||
| {95} To the Issuer Trust Certificateholders, the aggregate amount remaining |
|
{95} | 20,091,589 | |||||||||||||||||||||||||||||||
| {96} Total Distributions: |
|
{96} | $ | 54,707,716 | ||||||||||||||||||||||||||||||
2
| PRINCIPAL PARITY AMOUNT CALCULATION |
|
|||||||||||||||||||||||||||||||||
| (X) | (Y) | (I) | (II) | |||||||||||||||||||||||||||||||
| Class | Cumulative Note Balance |
Aggregate Securitization Value |
Excess of (X) - (Y) |
Total Available Funds in Indenture Collection Account |
Lesser of (I) or (II) |
|||||||||||||||||||||||||||||
| {97} |
Class A | $ | 424,436,292 | $ | 675,582,059 | $ | 0 | $ | 53,979,402 | $ | 0 | |||||||||||||||||||||||
| {98} |
Class B | 483,696,292 | 675,582,059 | 0 | 53,859,400 | 0 | ||||||||||||||||||||||||||||
| {99} |
Class C | 538,826,292 | 675,582,059 | 0 | 53,728,925 | 0 | ||||||||||||||||||||||||||||
| {100} |
Class D | 576,286,292 | 675,582,059 | 0 | 53,636,835 | 0 | ||||||||||||||||||||||||||||
| ACCELERATED PRINCIPAL AMOUNT CALCULATION |
|
|||||||||||||||||||||||||||||||||
| {101} Excess Total Available Funds |
|
{101} | $ | 20,091,589 | ||||||||||||||||||||||||||||||
| {102} Beginning Note Balance |
|
{102} | 576,286,292 | |||||||||||||||||||||||||||||||
| {103} Principal payments through Indenture Section 8.3 (i) through (xv) |
|
{103} | 33,545,246 | |||||||||||||||||||||||||||||||
| {104} Pro-Forma Note Balance |
|
{104} | 542,741,046 | |||||||||||||||||||||||||||||||
| {105} Ending Aggregate Securitization Value |
|
{105} | 675,582,059 | |||||||||||||||||||||||||||||||
| {106} 10.75% of Aggregate Securitization Value as of Cutoff until Class A-2 is paid in full,9.75% Thereafter ($132,841,013) |
|
{106} | 132,841,013 | |||||||||||||||||||||||||||||||
| {107} Required Pro Forma Note Balance {105} - {106} |
|
{107} | 542,741,046 | |||||||||||||||||||||||||||||||
| {108} Excess of Pro Forma Balance minus Required Pro Forma Balance {104} - {107} |
|
{108} | 0 | |||||||||||||||||||||||||||||||
| {109} Lesser of Excess Total Available Funds and Excess of Pro Forma Note Balance |
|
{109} | $ | 0 | ||||||||||||||||||||||||||||||
| OVERCOLLATERALIZATION CALCULATIONS |
|
|||||||||||||||||||||||||||||||||
| Exchange Note: |
|
|||||||||||||||||||||||||||||||||
| {110} Ending Aggregate Securitization Value |
|
{110} | $ | 675,582,059 | ||||||||||||||||||||||||||||||
| {111} End of Period Note Balance |
|
{111} | 639,110,134 | |||||||||||||||||||||||||||||||
| {112} Overcollateralization |
|
{112} | 36,471,925 | |||||||||||||||||||||||||||||||
| {113} Overcollateralization % |
|
{113} | 5.40 | % | ||||||||||||||||||||||||||||||
| Asset Backed Notes: |
|
|||||||||||||||||||||||||||||||||
| {114} Ending Aggregate Securitization Value |
|
{114} | 675,582,059 | |||||||||||||||||||||||||||||||
| {115} End of Period Note Balance |
|
{115} | 542,741,046 | |||||||||||||||||||||||||||||||
| {116} Overcollateralization |
|
{116} | 132,841,013 | |||||||||||||||||||||||||||||||
| {117} Overcollateralization % |
|
{117} | 19.66 | % | ||||||||||||||||||||||||||||||
| RECONCILIATION OF 2017-2 CASH RESERVE ACCOUNT |
|
|||||||||||||||||||||||||||||||||
| {118} Specified Reserve Balance |
|
{118} | $ | 6,812,360 | ||||||||||||||||||||||||||||||
| {119} Beginning of Period Reserve Account balance |
|
{119} | $ | 6,812,360 | ||||||||||||||||||||||||||||||
| {120} Investment Earnings |
|
{120} | 12,794 | |||||||||||||||||||||||||||||||
| {121} From the Indenture Collection Account, the Reserve Account Required Amount |
|
{121} | 0 | |||||||||||||||||||||||||||||||
| {122} To the Indenture Collection Account, the Reserve Account Withdrawal Amount |
|
{122} | 0 | |||||||||||||||||||||||||||||||
| {123} Total Reserve balance available: |
|
{123} | 6,825,154 | |||||||||||||||||||||||||||||||
| {124} Specified Reserve Balance |
|
{124} | 6,812,360 | |||||||||||||||||||||||||||||||
| {125} Release Excess Cash to Indenture Collection Available Funds |
|
{125} | 12,794 | |||||||||||||||||||||||||||||||
| {126} End of period Reserve Account balance |
|
{126} | $ | 6,812,360 | ||||||||||||||||||||||||||||||
| ASSET REPRESENTATIONS REVIEW DELINQUENCY TRIGGER |
|
|||||||||||||||||||||||||||||||||
| Dollars | Percentage | |||||||||||||||||||||||||||||||||
| {127} Receivables with Scheduled Payment delinquent 61 days or more |
|
{127} | $ | 2,774,871 | 0.41 | % | ||||||||||||||||||||||||||||
| {128} Compliance (Trigger Violation is a Delinquency Rate Greater Than 2.10%) |
|
{128} | Yes | |||||||||||||||||||||||||||||||
| By: | /s/Ellen Billings | |
| Name: | Ellen Billings | |
| Title: | Senior Vice President, Controller – North America | |
| Date: | May 15, 2019 |
3
GM Financial
GMALT 2017-2
Supplemental Monthly Data
April 30, 2019
| Aggregate Securitization Value | Residual Value | |||||||
| Beginning of Period | $ | 722,752,024 | $ | 629,519,506 | ||||
| Change | (47,169,965 | ) | (36,209,641 | ) | ||||
| End of Period | $ | 675,582,059 | $ | 593,309,865 | ||||
| Residual Value as % of Agg. Securitization Value | 87.82 | % | ||||||
Delinquency
| Number of Leases | Agg. Securitization Value | Percentage(1) | ||||||||||
Leases with scheduled payment delinquent |
||||||||||||
0 - 30 days |
33,113 | 664,376,200 | 98.34 | % | ||||||||
31 - 60 days |
395 | 8,430,988 | 1.25 | % | ||||||||
61 - 90 days |
106 | 2,146,530 | 0.32 | % | ||||||||
91 - 120 days |
28 | 628,341 | 0.09 | % | ||||||||
|
|
|
|
|
|
|||||||
Total |
33,642 | 675,582,059 | 100.00 | % | ||||||||
|
|
|
|
|
|
|||||||
Lease Terminations
| Current Period | Cumulative | |||||||||||||||
| Number of Leases | Agg. Securitization Value | Number of Leases | Agg. Securitization Value | |||||||||||||
Retained vehicles by lessee |
||||||||||||||||
Early terminations |
199 | 4,702,600 | 3,593 | 95,470,368 | ||||||||||||
Standard terminations |
154 | 3,280,875 | 765 | 15,959,793 |
||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total retained by lessee |
353 | 7,983,475 | 4,358 | 111,430,161 |
||||||||||||
Returned Vehicles |
||||||||||||||||
Early terminations |
831 | 15,317,912 | 7,951 | 143,808,562 | ||||||||||||
Standard terminations |
668 | 12,957,986 | 5,195 | 93,970,649 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total returned to dealer |
1,499 | 28,275,898 | 13,146 | 237,779,211 |
||||||||||||
Charged off leases / Repossessed vehicles |
63 | 1,187,458 | 1,938 | 41,980,815 |
||||||||||||
Repurchases |
0 | 0 | 1 | 21,071 | ||||||||||||
Other |
0 | 0 | 0 | 0 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total terminations |
1,915 | 37,446,831 | 19,443 | 391,211,258 | ||||||||||||
Net Credit (Gain) Loss
| Current Period | Cumulative | |||||||
Agg. Securitized Value of early term defaults |
1,187,458 | 41,980,815 | ||||||
less: Sales proceeds |
1,461,837 |
38,893,216 | ||||||
less: Excess wear and excess mileage received |
2,165 | 5,005 | ||||||
less: Other amounts received |
16,101 | 1,257,232 | ||||||
|
|
|
|
|||||
Net Credit (Gain) Loss |
(292,645 |
) | 1,825,362 | |||||
Residual (Gain) Loss on Returned Vehicles |
|
|||||||
Agg. Securitized Value of returned vehicles sold by Servicer |
27,764,205 | 235,503,054 | ||||||
add: Reimbursement of outstanding residual advance |
N/A | N/A | ||||||
less: Sales proceeds |
31,223,596 | 254,591,199 | ||||||
less: Excess wear and excess mileage received |
105,320 | 456,309 | ||||||
less: Other recovery amounts |
20,918 | 740,964 | ||||||
|
|
|
|
|||||
Residual (Gain) Loss |
(3,585,629 | ) | (20,285,418 | ) | ||||
| Current Period | Prev. Month | |||||||
Prepay Speed |
0.8205 | % | 0.8134 | % | ||||
Return Rate based on Scheduled to Terminate(2) |
88.3324 | % | 91.1136 | % | ||||
Return Rate based on Terminated Leases(3) |
78.2768 | % | 81.4070 | % | ||||
| (1) | Percentages may not add to 100% due to rounding. |
| (2) | Percentage of total number of vehicles returned to dealer over number of vehicles scheduled to terminate per month. |
| (3) | Percentage of total number of vehicles returned to dealer over number of vehicles terminated per month. |