Ford Credit Auto Owner Trust 2022-C
Monthly Investor Report
| | | | | |
| Collection Period | October 2025 |
| Payment Date | 11/17/2025 |
| Transaction Month | 38 | |
Additional information about the structure, cashflows, defined terms and parties for this transaction can be found in the prospectus, available on the SEC website (http://www.sec.gov) under the registration number 333-258040 and at https://www.ford.com/finance/investor-center/asset-backed-securitization.
I. ORIGINAL DEAL PARAMETERS
| | | | | | | | | | | | | | | | | |
| Dollar Amount | | # of Receivables | | Weighted Avg Remaining Term at Cutoff |
| Initial Pool Balance | $ | 1,745,303,060.82 | | | 52,430 | | | 54.7 months |
| | | | | |
| Dollar Amount | | Note Interest Rate | | Final Scheduled Payment Date |
| Original Securities | | | | | |
| Class A-1 Notes | $ | 304,740,000.00 | | | 3.633 | % | | October 15, 2023 |
| Class A-2a Notes | $ | 319,040,000.00 | | | 4.52 | % | | April 15, 2025 |
| Class A-2b Notes | $ | 200,000,000.00 | | | 4.75367 | % | * | April 15, 2025 |
| Class A-3 Notes | $ | 519,040,000.00 | | | 4.48 | % | | December 15, 2026 |
| Class A-4 Notes | $ | 157,180,000.00 | | | 4.59 | % | | December 15, 2027 |
| Class B Notes | $ | 47,370,000.00 | | | 5.03 | % | | February 15, 2028 |
| Class C Notes | $ | 31,570,000.00 | | | 5.22 | % | | March 15, 2030 |
| Total | $ | 1,578,940,000.00 | | | | | |
| | | * 30-day average SOFR + 0.52% |
II. AVAILABLE FUNDS
| | | | | |
| Interest: | |
| Interest Collections | $ | 1,010,515.54 | |
| |
| Principal: | |
| Principal Collections | $ | 14,535,875.01 | |
| Prepayments in Full | $ | 5,868,456.36 | |
| Liquidation Proceeds | $ | 231,187.03 | |
| Recoveries | $ | 181,540.07 | |
| Sub Total | $ | 20,817,058.47 | |
| Collections | $ | 21,827,574.01 | |
| |
| Purchase Amounts: | |
| Purchase Amounts Related to Principal | $ | 291,286.35 | |
| Purchase Amounts Related to Interest | $ | 1,701.26 | |
| Sub Total | $ | 292,987.61 | |
| |
| Clean-up Call | $ | 0.00 | |
| |
| Reserve Account Draw Amount | $ | 0.00 | |
| |
| Available Funds - Total | $ | 22,120,561.62 | |
Ford Credit Auto Owner Trust 2022-C
Monthly Investor Report
| | | | | |
| Collection Period | October 2025 |
| Payment Date | 11/17/2025 |
| Transaction Month | 38 | |
III. DISTRIBUTIONS
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Calculated Amount | | Amount Paid | | Shortfall | | Carryover Shortfall | | Remaining Available Funds |
| Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 22,120,561.62 | |
| Servicing Fee | $ | 261,665.00 | | | $ | 261,665.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 21,858,896.62 | |
| Interest - Class A-1 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 21,858,896.62 | |
| Interest - Class A-2a Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 21,858,896.62 | |
| Interest - Class A-2b Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 21,858,896.62 | |
| Interest - Class A-3 Notes | $ | 89,850.18 | | | $ | 89,850.18 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 21,769,046.44 | |
| Interest - Class A-4 Notes | $ | 601,213.50 | | | $ | 601,213.50 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 21,167,832.94 | |
| First Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 21,167,832.94 | |
| Interest - Class B Notes | $ | 198,559.25 | | | $ | 198,559.25 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 20,969,273.69 | |
| Second Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 20,969,273.69 | |
| Interest - Class C Notes | $ | 137,329.50 | | | $ | 137,329.50 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 20,831,944.19 | |
| Reserve Account Deposit | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 20,831,944.19 | |
| Regular Principal Payment | $ | 19,369,119.58 | | | $ | 19,369,119.58 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 1,462,824.61 | |
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 1,462,824.61 | |
| Residual Released to Depositor | $ | 0.00 | | | $ | 1,462,824.61 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | | | $ | 22,120,561.62 | | | | | | | |
| | | | | | | | | |
| Principal Payment: | | | | | | | | | |
| First Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Second Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Regular Principal Payment | | | | | | | | | $ | 19,369,119.58 | |
| Total | | | | | | | | | $ | 19,369,119.58 | |
| | | | | | | | | |
IV. NOTEHOLDER PAYMENTS
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Noteholder Principal Payments | | Noteholder Interest Payments | | Total Payment |
| | | Per $1,000 of | | | | Per $1,000 of | | | | Per $1,000 of |
| Actual | | Original Balance | | Actual | | Original Balance | | Actual | | Original Balance |
| Class A-1 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Class A-2a Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Class A-2b Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Class A-3 Notes | $ | 19,369,119.58 | | | $ | 37.32 | | | $ | 89,850.18 | | | $ | 0.17 | | | $ | 19,458,969.76 | | | $ | 37.49 | |
| Class A-4 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 601,213.50 | | | $ | 3.83 | | | $ | 601,213.50 | | | $ | 3.83 | |
| Class B Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 198,559.25 | | | $ | 4.19 | | | $ | 198,559.25 | | | $ | 4.19 | |
| Class C Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 137,329.50 | | | $ | 4.35 | | | $ | 137,329.50 | | | $ | 4.35 | |
| Total | $ | 19,369,119.58 | | | $ | 12.27 | | | $ | 1,026,952.43 | | | $ | 0.65 | | | $ | 20,396,072.01 | | | $ | 12.92 | |
| | | | | | | | | | | |
Ford Credit Auto Owner Trust 2022-C
Monthly Investor Report
| | | | | |
| Collection Period | October 2025 |
| Payment Date | 11/17/2025 |
| Transaction Month | 38 | |
V. NOTE BALANCE AND POOL INFORMATION
| | | | | | | | | | | | | | | | | | | | | | | |
| Beginning of Period | | End of Period |
| Balance | | Note Factor | | Balance | | Note Factor |
| Class A-1 Notes | $ | 0.00 | | | 0.0000000 | | $ | 0.00 | | | 0.0000000 |
| Class A-2a Notes | $ | 0.00 | | | 0.0000000 | | $ | 0.00 | | | 0.0000000 |
| Class A-2b Notes | $ | 0.00 | | | 0.0000000 | | $ | 0.00 | | | 0.0000000 |
| Class A-3 Notes | $ | 24,067,011.45 | | | 0.0463683 | | $ | 4,697,891.87 | | | 0.0090511 |
| Class A-4 Notes | $ | 157,180,000.00 | | | 1.0000000 | | $ | 157,180,000.00 | | | 1.0000000 |
| Class B Notes | $ | 47,370,000.00 | | | 1.0000000 | | $ | 47,370,000.00 | | | 1.0000000 |
| Class C Notes | $ | 31,570,000.00 | | | 1.0000000 | | $ | 31,570,000.00 | | | 1.0000000 |
| Total | $ | 260,187,011.45 | | | 0.1647859 | | $ | 240,817,891.87 | | | 0.1525187 |
| | | | | | | | | | | |
| Pool Information | | | |
| Weighted Average APR | 3.825 | % | | 3.849 | % |
| Weighted Average Remaining Term | 26.22 | | 25.50 |
| Number of Receivables Outstanding | 20,656 | | 19,973 |
| Pool Balance | $ | 313,998,005.31 | | | $ | 292,820,929.39 | |
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 291,765,963.38 | | | $ | 272,396,843.80 | |
| Pool Factor | 0.1799103 | | 0.1677766 |
| | | |
VI. OVERCOLLATERALIZATION INFORMATION
| | | | | |
| Specified Reserve Balance | $ | 4,736,842.79 | |
| Yield Supplement Overcollateralization Amount | $ | 20,424,085.59 | |
| Targeted Overcollateralization Amount | $ | 52,003,037.52 | |
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 52,003,037.52 | |
| |
VII. RECONCILIATION OF RESERVE ACCOUNT
| | | | | |
| Beginning Reserve Account Balance | $ | 4,736,842.79 | |
| Reserve Account Deposits Made | $ | 0.00 | |
| Reserve Account Draw Amount | $ | 0.00 | |
| Ending Reserve Account Balance | $ | 4,736,842.79 | |
| Change in Reserve Account Balance | $ | 0.00 | |
| Specified Reserve Balance | $ | 4,736,842.79 | |
| |
Ford Credit Auto Owner Trust 2022-C
Monthly Investor Report
| | | | | |
| Collection Period | October 2025 |
| Payment Date | 11/17/2025 |
| Transaction Month | 38 | |
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| | | | | | | | | | | | | | | | | |
| | | # of Receivables | | Amount |
| Current Collection Period Loss: | | | | | |
| Realized Loss (Charge-Offs) | | | 64 | | $ | 250,271.17 | |
| (Recoveries) | | | 104 | | $ | 181,540.07 | |
| Net Loss for Current Collection Period | | | | | $ | 68,731.10 | |
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | | | | | 0.2627 | % |
| | | | | |
| Prior and Current Collection Periods Average Loss: | | | | | |
| | | | | |
| Ratio of Net Loss to the Average Pool Balance (annualized) | | | | | |
| Third Prior Collection Period | | | | | 1.1864 | % |
| Second Prior Collection Period | | 0.6822 | % |
| Prior Collection Period | | | | | 0.9618 | % |
| Current Collection Period | | | | | 0.2718 | % |
| Four Month Average (Current and Prior Three Collection Periods) | | | | | 0.7756 | % |
| | | | | |
| Cumulative Loss: | | | | | |
| Cumulative Realized Loss (Charge-Offs) | | | 2,763 | | $ | 14,308,391.51 | |
| (Cumulative Recoveries) | | | | | $ | 2,825,717.01 | |
| Cumulative Net Loss for All Collection Periods | | | | | $ | 11,482,674.50 | |
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | | | | 0.6579 | % |
| | | | | |
| Average Realized Loss for Receivables that have experienced a Realized Loss | | | | | $ | 5,178.57 | |
| Average Net Loss for Receivables that have experienced a Realized Loss | | | | | $ | 4,155.87 | |
| | | | | |
| % of EOP Pool Balance | | # of Receivables | | Amount |
| Delinquent Receivables: | | | | | |
| 31-60 Days Delinquent | 2.36 | % | | 280 | | $ | 6,915,353.81 | |
| 61-90 Days Delinquent | 0.27 | % | | 34 | | $ | 786,966.58 | |
| 91-120 Days Delinquent | 0.10 | % | | 11 | | $ | 304,416.10 | |
| Over 120 Days Delinquent | 0.29 | % | | 31 | | $ | 836,550.47 | |
| Total Delinquent Receivables | 3.02 | % | | 356 | | $ | 8,843,286.96 | |
|
| Repossession Inventory: | | | | | |
| Repossessed in the Current Collection Period | | | 20 | | $ | 463,390.76 | |
| Total Repossessed Inventory | | | 29 | | $ | 652,542.29 | |
| | | | | |
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | | |
| Second Prior Collection Period | | | | | 0.3929 | % |
| Prior Collection Period | | | | | 0.3873 | % |
| Current Collection Period | | | | | 0.3805 | % |
| Three Month Average | | | | | 0.3869 | % |
| | | | | |
| Delinquency Trigger (61+ Delinquent Receivables) | | | | | |
| Transaction Month | Trigger | | | | |
| 1-12 | 0.80% | | | | |
| 13-24 | 1.50% | | | | |
| 25-36 | 2.70% | | | | |
| 37+ | 4.40% | | | | |
| 61+ Delinquent Receivables Balance to EOP Pool Balance | | | | | 0.6584 | % |
| Delinquency Trigger Occurred | | | | | No |
Ford Credit Auto Owner Trust 2022-C
Monthly Investor Report
| | | | | |
| Collection Period | October 2025 |
| Payment Date | 11/17/2025 |
| Transaction Month | 38 | |
| | | | | | | | | | | | | | |
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount |
| | | | |
| 1 Month Extended | | | 63 | $1,605,292.63 |
| 2 Months Extended | | | 130 | $3,235,811.58 |
| 3+ Months Extended | | | 33 | $797,186.23 |
| | | | |
| Total Receivables Extended | 226 | $5,638,290.44 |
IX. REPURCHASE DEMAND ACTIVITY (RULE 15Ga-1)
| | |
| No Activity to report |
|
| Most Recent Form ABS-15G for repurchase demand activity |
|
| Filed by: Ford Motor Credit Company LLC |
| CIK#: 0000038009 |
| Date: February 7, 2025 |
|
X. FLOATING RATE BENCHMARK: BENCHMARK TRANSITION
| | | | | |
| Benchmark Transition Event: | N/A |
| |
| Benchmark Replacement Date: | N/A |
| |
| Unadjusted Benchmark Replacement: | N/A |
| |
| Benchmark Replacement Adjustment: | N/A |
| |
| Benchmark Replacement Conforming Changes: | N/A |
| |
SERVICER CERTIFICATION
THIS REPORT IS ACCURATE IN ALL MATERIAL RESPECTS.
Ford Motor Credit Company LLC
/s/ Ryan M. Hershberger
Assistant Treasurer