Ford Credit Auto Owner Trust 2024-C
12/18/2025 | Press release | Distributed by Public on 12/18/2025 07:11
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 15 | ||||
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 | $ | 1,688,795,240.91 | 42,975 | 57.2 months | |||||||||||||
| Dollar Amount | Note Interest Rate | Final Scheduled Payment Date | |||||||||||||||
| Original Securities | |||||||||||||||||
| Class A-1 Notes | $ | 330,000,000.00 | 4.922 | % | October 15, 2025 | ||||||||||||
| Class A-2a Notes | $ | 300,000,000.00 | 4.32 | % | August 15, 2027 | ||||||||||||
| Class A-2b Notes | $ | 245,000,000.00 | 4.54202 | % | * | August 15, 2027 | |||||||||||
| Class A-3 Notes | $ | 545,000,000.00 | 4.07 | % | July 15, 2029 | ||||||||||||
| Class A-4 Notes | $ | 80,000,000.00 | 4.11 | % | July 15, 2030 | ||||||||||||
| Class B Notes | $ | 47,370,000.00 | 4.40 | % | August 15, 2030 | ||||||||||||
| Class C Notes | $ | 31,570,000.00 | 0.00 | % | March 15, 2032 | ||||||||||||
| Total | $ | 1,578,940,000.00 | |||||||||||||||
| * 30-day average SOFR + 0.40% | |||||||||||||||||
II. AVAILABLE FUNDS
| Interest: | |||||
| Interest Collections | $ | 3,883,204.17 | |||
| Principal: | |||||
| Principal Collections | $ | 24,060,148.67 | |||
| Prepayments in Full | $ | 10,737,493.55 | |||
| Liquidation Proceeds | $ | 409,191.70 | |||
| Recoveries | $ | 25,771.52 | |||
| Sub Total | $ | 35,232,605.44 | |||
| Collections | $ | 39,115,809.61 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 162,038.19 | |||
| Purchase Amounts Related to Interest | $ | 714.87 | |||
| Sub Total | $ | 162,753.06 | |||
| Clean-up Call | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 39,278,562.67 | |||
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Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 15 | ||||
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 | $ | 39,278,562.67 | |||||||||||||||||||
| Servicing Fee | $ | 879,172.08 | $ | 879,172.08 | $ | 0.00 | $ | 0.00 | $ | 38,399,390.59 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 38,399,390.59 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 506,937.57 | $ | 506,937.57 | $ | 0.00 | $ | 0.00 | $ | 37,892,453.02 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 406,257.49 | $ | 406,257.49 | $ | 0.00 | $ | 0.00 | $ | 37,486,195.53 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 1,848,458.33 | $ | 1,848,458.33 | $ | 0.00 | $ | 0.00 | $ | 35,637,737.20 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 274,000.00 | $ | 274,000.00 | $ | 0.00 | $ | 0.00 | $ | 35,363,737.20 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 35,363,737.20 | |||||||||||||||||||
| Interest - Class B Notes | $ | 173,690.00 | $ | 173,690.00 | $ | 0.00 | $ | 0.00 | $ | 35,190,047.20 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 35,190,047.20 | |||||||||||||||||||
| Interest - Class C Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 35,190,047.20 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 35,190,047.20 | |||||||||||||||||||
| Regular Principal Payment | $ | 33,056,058.03 | $ | 33,056,058.03 | $ | 0.00 | $ | 0.00 | $ | 2,133,989.17 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 2,133,989.17 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 2,133,989.17 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 39,278,562.67 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 33,056,058.03 | |||||||||||||||||||||||||||
| Total | $ | 33,056,058.03 | |||||||||||||||||||||||||||
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 | $ | 18,195,995.25 | $ | 60.65 | $ | 506,937.57 | $ | 1.69 | $ | 18,702,932.82 | $ | 62.34 | |||||||||||||||||||||||
| Class A-2b Notes | $ | 14,860,062.78 | $ | 60.65 | $ | 406,257.49 | $ | 1.66 | $ | 15,266,320.27 | $ | 62.31 | |||||||||||||||||||||||
| Class A-3 Notes | $ | 0.00 | $ | 0.00 | $ | 1,848,458.33 | $ | 3.39 | $ | 1,848,458.33 | $ | 3.39 | |||||||||||||||||||||||
| Class A-4 Notes | $ | 0.00 | $ | 0.00 | $ | 274,000.00 | $ | 3.43 | $ | 274,000.00 | $ | 3.43 | |||||||||||||||||||||||
| Class B Notes | $ | 0.00 | $ | 0.00 | $ | 173,690.00 | $ | 3.67 | $ | 173,690.00 | $ | 3.67 | |||||||||||||||||||||||
| Class C Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||||
| Total | $ | 33,056,058.03 | $ | 20.94 | $ | 3,209,343.39 | $ | 2.03 | $ | 36,265,401.42 | $ | 22.97 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 15 | ||||
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 | $ | 140,815,990.55 | 0.4693866 | $ | 122,619,995.30 | 0.4087333 | |||||||||||||||||
| Class A-2b Notes | $ | 114,999,725.61 | 0.4693866 | $ | 100,139,662.83 | 0.4087333 | |||||||||||||||||
| Class A-3 Notes | $ | 545,000,000.00 | 1.0000000 | $ | 545,000,000.00 | 1.0000000 | |||||||||||||||||
| Class A-4 Notes | $ | 80,000,000.00 | 1.0000000 | $ | 80,000,000.00 | 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 | $ | 959,755,716.16 | 0.6078481 | $ | 926,699,658.13 | 0.5869125 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 4.813 | % | 4.825 | % | |||||||
| Weighted Average Remaining Term | 46.10 | 45.31 | |||||||||
| Number of Receivables Outstanding | 33,405 | 32,799 | |||||||||
| Pool Balance | $ | 1,055,006,499.23 | $ | 1,019,205,217.01 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 991,334,673.46 | $ | 958,278,615.43 | |||||||
| Pool Factor | 0.6247095 | 0.6035102 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,369.66 | |||
| Yield Supplement Overcollateralization Amount | $ | 60,926,601.58 | |||
| Targeted Overcollateralization Amount | $ | 92,505,558.88 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 92,505,558.88 | |||
VII. RECONCILIATION OF RESERVE ACCOUNT
| Beginning Reserve Account Balance | $ | 3,947,369.66 | |||
| Reserve Account Deposits Made | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Ending Reserve Account Balance | $ | 3,947,369.66 | |||
| Change in Reserve Account Balance | $ | 0.00 | |||
| Specified Reserve Balance | $ | 3,947,369.66 | |||
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Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 15 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 56 | $ | 432,410.11 | ||||||||||||||
| (Recoveries) | 28 | $ | 25,771.52 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 406,638.59 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.4625 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 0.3568 | % | |||||||||||||||
| Second Prior Collection Period | 0.3391 | % | |||||||||||||||
| Prior Collection Period | 0.5512 | % | |||||||||||||||
| Current Collection Period | 0.4705 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.4294 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 1,016 | $ | 5,655,371.80 | ||||||||||||||
| (Cumulative Recoveries) | $ | 525,653.53 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 5,129,718.27 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.3038 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 5,566.31 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 5,048.94 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 0.81 | % | 204 | $ | 8,271,573.66 | ||||||||||||
| 61-90 Days Delinquent | 0.18 | % | 41 | $ | 1,842,984.27 | ||||||||||||
| 91-120 Days Delinquent | 0.02 | % | 7 | $ | 239,487.84 | ||||||||||||
| Over 120 Days Delinquent | 0.03 | % | 7 | $ | 313,274.63 | ||||||||||||
| Total Delinquent Receivables | 1.05 | % | 259 | $ | 10,667,320.40 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 23 | $ | 834,230.98 | ||||||||||||||
| Total Repossessed Inventory | 43 | $ | 1,615,780.39 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.1408 | % | |||||||||||||||
| Prior Collection Period | 0.1587 | % | |||||||||||||||
| Current Collection Period | 0.1677 | % | |||||||||||||||
| Three Month Average | 0.1557 | % | |||||||||||||||
| Delinquency Trigger (61+ Delinquent Receivables) | |||||||||||||||||
| Transaction Month | Trigger | ||||||||||||||||
| 1-12 | 0.80% | ||||||||||||||||
| 13-24 | 1.30% | ||||||||||||||||
| 25-36 | 2.40% | ||||||||||||||||
| 37+ | 4.75% | ||||||||||||||||
| 61+ Delinquent Receivables Balance to EOP Pool Balance | 0.2351 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2024-C
Monthly Investor Report
| Collection Period | November 2025 | ||||
| Payment Date | 12/15/2025 | ||||
| Transaction Month | 15 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 84 | $3,422,271.02 | ||||||||||||
| 2 Months Extended | 168 | $7,607,215.27 | ||||||||||||
| 3+ Months Extended | 27 | $1,074,909.09 | ||||||||||||
| Total Receivables Extended | 279 | $12,104,395.38 | ||||||||||||
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
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Ford Credit Auto Owner Trust 2024-C published this content on December 18, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on December 18, 2025 at 13:11 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]