|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
I. ORIGINAL DEAL PARAMETERS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cut off Date:
|
|
|
October 4, 2022
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Closing Date:
|
|
|
November 9, 2022
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dollars
|
|
|
Units
|
|
|
WAC
|
|
|
WARM
|
|
|
|
|
|
|
Original Pool Balance:
|
|
|
$
|
1,706,688,347.89
|
|
|
|
73,607
|
|
|
|
3.85
|
%
|
|
56.52
|
|
|
|
|
|
|
Original Adj. Pool Balance:
|
|
|
$
|
1,523,088,772.73
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount
|
|
|
% of Pool
|
|
|
Note Rate
|
|
|
|
|
|
|
Final Payment Date
|
|
|
Class A-1 Notes
|
Fixed
|
|
|
$
|
286,000,000.00
|
|
|
|
16.758
|
%
|
|
4.45000
|
%
|
|
|
|
|
|
November 15, 2023
|
|
|
Class A-2-A Notes
|
Fixed
|
|
|
$
|
437,400,000.00
|
|
|
|
25.629
|
%
|
|
5.35000
|
%
|
|
|
|
|
|
November 17, 2025
|
|
|
Class A-2-B Notes
|
Floating
|
|
|
$
|
100,000,000.00
|
|
|
|
5.859
|
%
|
|
SOFR + 0.78
|
%
|
|
|
|
|
|
November 17, 2025
|
|
|
Class A-3 Notes
|
Fixed
|
|
|
$
|
487,400,000.00
|
|
|
|
28.558
|
%
|
|
5.39000
|
%
|
|
|
|
|
|
June 15, 2027
|
|
|
Class A-4 Notes
|
Fixed
|
|
|
$
|
101,100,000.00
|
|
|
|
5.924
|
%
|
|
5.52000
|
%
|
|
|
|
|
|
October 16, 2028
|
|
|
Class B Notes
|
Fixed
|
|
|
$
|
27,420,000.00
|
|
|
|
1.607
|
%
|
|
6.06000
|
%
|
|
|
|
|
|
October 16, 2028
|
|
|
Class C Notes
|
Fixed
|
|
|
$
|
45,670,000.00
|
|
|
|
2.676
|
%
|
|
|
6.23000
|
%
|
|
|
|
|
|
June 15, 2029
|
|
|
Total Securities
|
|
|
$
|
1,484,990,000.00
|
|
|
|
87.010
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization
|
|
|
$
|
38,098,772.73
|
|
|
|
2.232
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
YSOA
|
|
|
$
|
183,599,575.16
|
|
|
|
10.758
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Original Pool Balance
|
|
|
$
|
1,706,688,347.89
|
|
|
|
100.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
II. POOL BALANCE AND PORTFOLIO INFORMATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning of Period
|
|
|
Ending of Period
|
|
|
Change
|
|
|
|
|
|
|
Balance
|
|
|
Note Factor
|
|
|
Balance
|
|
|
Note Factor
|
|
|
|
|
|
|
Class A-1 Notes
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
Class A-2-A Notes
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
Class A-2-B Notes
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
Class A-3 Notes
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
Class A-4 Notes
|
|
|
$
|
36,252,512.75
|
|
|
|
0.3585807
|
|
|
$
|
23,094,771.47
|
|
|
|
0.2284349
|
|
|
$
|
13,157,741.28
|
|
|
Class B Notes
|
|
|
$
|
27,420,000.00
|
|
|
|
1.0000000
|
|
|
$
|
27,420,000.00
|
|
|
|
1.0000000
|
|
|
$
|
-
|
|
|
Class C Notes
|
|
|
$
|
45,670,000.00
|
|
|
|
1.0000000
|
|
|
$
|
45,670,000.00
|
|
|
|
1.0000000
|
|
|
$
|
-
|
|
|
Total Securities
|
|
|
$
|
109,342,512.75
|
|
|
|
0.0736318
|
|
|
$
|
96,184,771.47
|
|
|
|
0.0647713
|
|
|
$
|
13,157,741.28
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Avg. Coupon (WAC)
|
|
|
4.66
|
%
|
|
|
|
|
|
4.70
|
%
|
|
|
|
|
|
|
|
|
Weighted Avg. Remaining Maturity (WARM)
|
|
|
17.94
|
|
|
|
|
|
|
|
17.24
|
|
|
|
|
|
|
|
|
|
|
Pool Receivables Balance
|
|
|
$
|
161,899,586.09
|
|
|
|
|
|
|
$
|
147,544,419.82
|
|
|
|
|
|
|
|
|
|
|
Remaining Number of Receivables
|
|
|
24,236
|
|
|
|
|
|
|
|
23,081
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted Pool Balance
|
|
|
$
|
151,227,454.00
|
|
|
|
|
|
|
$
|
138,069,712.72
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
III. COLLECTIONS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal:
|
|
Principal Collections
|
|
|
$
|
14,105,569.58
|
|
|
Repurchased Contract Proceeds Related to Principal
|
|
|
$
|
-
|
|
|
Recoveries/Liquidation Proceeds
|
|
|
$
|
168,591.37
|
|
|
Total Principal Collections
|
|
|
$
|
14,274,160.95
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest:
|
|
Interest Collections
|
|
|
$
|
640,634.23
|
|
|
Late Fees & Other Charges
|
|
|
$
|
47,974.52
|
|
|
Interest on Repurchase Principal
|
|
|
$
|
-
|
|
|
Total Interest Collections
|
|
|
$
|
688,608.75
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Collection Account Interest
|
|
|
$
|
46,932.75
|
|
|
Reserve Account Interest
|
|
|
$
|
23,022.33
|
|
|
Servicer Advances
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Collections
|
|
|
$
|
15,032,724.78
|
|
|
IV. DISTRIBUTIONS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Collections
|
|
$
|
15,032,724.78
|
|
|
Reserve Account Release
|
|
$
|
-
|
|
|
Reserve Account Draw
|
|
$
|
-
|
|
|
Total Available for Distribution
|
|
$
|
15,032,724.78
|
|
|
|
|
|
|
Amount Due
|
|
|
Interest Pymt Due but unpaid from prior periods
|
|
|
Amount Paid
|
|
|
|
|
|
|
|
1. Servicing Fee @1.00%:
|
|
Servicing Fee Due
|
1.00
|
%
|
$
|
134,916.32
|
|
|
$
|
-
|
|
|
$
|
134,916.32
|
|
|
|
|
134,916.32
|
|
|
Collection & Reserve Account Interest
|
|
$
|
69,955.08
|
|
|
Late Fees & Other Charges
|
|
$
|
47,974.52
|
|
|
Total due to Servicer
|
|
$
|
252,845.92
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2. Class A Noteholders Interest:
|
|
Class A-1 Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class A-2-A Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class A-2-B Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class A-3 Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class A-4 Notes
|
|
|
$
|
166,761.56
|
|
|
|
|
|
|
$
|
166,761.56
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Class A interest:
|
|
|
$
|
166,761.56
|
|
|
|
|
|
|
$
|
166,761.56
|
|
|
|
|
166,761.56
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3. First Priority Principal Distribution:
|
|
|
$
|
0.00
|
|
|
|
|
|
|
$
|
0.00
|
|
|
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4. Class B Noteholders Interest:
|
|
|
$
|
138,471.00
|
|
|
|
|
|
|
$
|
138,471.00
|
|
|
|
|
138,471.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5. Second Priority Principal Distribution:
|
|
|
$
|
0.00
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6. Class C Noteholders Interest:
|
|
|
$
|
237,103.42
|
|
|
|
|
|
|
$
|
237,103.42
|
|
|
|
|
237,103.42
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Available Funds Remaining:
|
|
$
|
14,237,542.88
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7. Regular Principal Distribution Amount:
|
|
|
13,157,741.28
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Distributable Amount
|
|
|
|
|
|
|
Paid Amount
|
|
|
|
|
|
|
|
Class A-1 Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class A-2-A Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class A-2-B Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class A-3 Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class A-4 Notes
|
|
|
$
|
13,157,741.28
|
|
|
|
|
|
|
|
Class A Notes Total:
|
|
|
$
|
13,157,741.28
|
|
|
|
|
|
|
$
|
13,157,741.28
|
|
|
|
|
|
|
|
Class B Notes Total:
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class C Notes Total:
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Total Noteholders Principal
|
|
|
$
|
13,157,741.28
|
|
|
|
|
|
|
$
|
13,157,741.28
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8. Required Deposit to Reserve Account
|
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9. Trustee Expenses and Asset Representations Reviewer Expenses
|
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10. Remaining Available Collections Released to Certificateholder
|
|
|
1,079,801.60
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
V. YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Period Required Amount
|
|
$
|
10,672,132.09
|
|
|
Beginning Period Amount
|
|
$
|
10,672,132.09
|
|
|
Current Period Amortization
|
|
$
|
1,197,424.99
|
|
|
Ending Period Required Amount
|
|
$
|
9,474,707.10
|
|
|
Ending Period Amount
|
|
$
|
9,474,707.10
|
|
|
Next Distribution Date Required Amount
|
|
$
|
8,366,619.37
|
|
|
VI. RESERVE ACCOUNT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reserve Percentage of Initial Adjusted Pool Balance
|
|
|
|
0.50
|
%
|
|
Beginning Period Required Amount
|
|
|
$
|
7,615,443.86
|
|
|
Beginning Period Amount
|
|
|
$
|
7,615,443.86
|
|
|
Current Period Release to Collection Account
|
|
|
$
|
-
|
|
|
Current Period Deposit
|
|
|
$
|
-
|
|
|
Current Period Release to Depositor
|
|
|
$
|
-
|
|
|
Ending Period Required Amount (0.50% of APB of cut-off date)
|
|
|
$
|
7,615,443.86
|
|
|
Ending Period Amount
|
|
|
$
|
7,615,443.86
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VII. OVERCOLLATERALIZATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Target
|
|
|
2.75
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Floor
|
|
|
2.75
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning
|
|
|
Ending
|
|
|
Target
|
|
|
Overcollateralization Amount
|
|
|
$
|
41,884,941.25
|
|
|
$
|
41,884,941.25
|
|
|
$
|
41,884,941.25
|
|
|
Overcollateralization as a % of Original Adjusted Pool
|
|
|
2.75
|
%
|
|
2.75
|
%
|
|
2.75
|
%
|
|
Overcollateralization as a % of Current Adjusted Pool
|
|
|
27.70
|
%
|
|
30.34
|
%
|
|
30.34
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VIII. DELINQUENCY AND NET LOSS ACTIVITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables
|
|
|
Units Percent
|
|
|
Units
|
|
|
Dollars Percent
|
|
|
Amount
|
|
|
Current
|
|
|
98.05
|
%
|
|
22,631
|
|
|
|
96.74
|
%
|
$
|
142,734,804.76
|
|
|
30 - 60 Days
|
|
|
1.56
|
%
|
|
361
|
|
|
|
2.62
|
%
|
$
|
3,871,197.62
|
|
|
61 - 90 Days
|
|
|
0.29
|
%
|
|
67
|
|
|
|
0.53
|
%
|
$
|
779,016.70
|
|
|
91-120 Days
|
|
|
0.09
|
%
|
|
21
|
|
|
|
0.10
|
%
|
$
|
151,957.84
|
|
|
121 + Days
|
|
|
0.00
|
%
|
|
1
|
|
|
|
0.01
|
%
|
$
|
7,442.90
|
|
|
Total
|
|
|
23,081
|
|
|
|
|
|
|
$
|
147,544,419.82
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables 30+ Days Past Due
|
|
Current Period
|
|
|
1.95
|
%
|
|
450
|
|
|
|
3.26
|
%
|
$
|
4,809,615.06
|
|
|
1st Preceding Collection Period
|
|
|
2.04
|
%
|
|
495
|
|
|
|
3.35
|
%
|
$
|
5,416,676.48
|
|
|
2nd Preceding Collection Period
|
|
|
1.97
|
%
|
|
505
|
|
|
|
3.39
|
%
|
$
|
6,009,196.84
|
|
|
3rd Preceding Collection Period
|
|
|
1.81
|
%
|
|
497
|
|
|
|
3.10
|
%
|
$
|
6,002,172.42
|
|
|
Four-Month Average
|
|
|
1.94
|
%
|
|
|
|
|
|
|
3.27
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of 61+ Delinquency Receivables Balance to EOP Pool Balance
|
|
|
0.64
|
%
|
|
|
|
|
Delinquency Percentage exceeds Delinquency Trigger of 9.6% (Y/N)
|
|
|
No
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repossession in Current Period
|
|
|
24
|
|
|
|
|
|
|
$
|
302,043.84
|
|
|
Repossession Inventory
|
|
|
60
|
|
|
|
|
|
|
$
|
855,322.67
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Charge-Offs
|
|
Gross Principal of Charge-Offs
|
|
|
$
|
249,596.69
|
|
|
Recoveries
|
|
|
$
|
(168,591.37
|
)
|
|
Net Loss
|
|
|
$
|
81,005.32
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Beginning Pool Balance (annualized)
|
|
|
|
0.60
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Pool Balance for Current Period
|
|
|
$
|
154,722,002.95
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Average Pool Balance (annualized)
|
|
Current Period
|
|
|
|
0.63
|
%
|
|
1st Preceding Collection Period
|
|
|
|
-0.01
|
%
|
|
2nd Preceding Collection Period
|
|
|
|
-0.48
|
%
|
|
3rd Preceding Collection Period
|
|
|
|
0.22
|
%
|
|
Four-Month Average
|
|
|
|
0.09
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Charge-Offs
|
|
|
Change in units from prior period
|
|
|
Cumulative Units
|
|
|
Cumulative Amount
|
|
|
Gross Principal of Charge-Offs
|
|
|
26
|
|
|
|
1,731
|
|
|
$
|
32,237,274.91
|
|
|
Recoveries
|
|
|
21
|
|
|
|
1,387
|
|
|
$
|
(16,664,862.23
|
)
|
|
Net Loss
|
|
|
$
|
15,572,412.68
|
|
|
Cumulative Net Loss as a % of Initial Pool Balance
|
|
|
|
0.91
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss for Receivables that have experienced a Net Loss *
|
|
|
23
|
|
|
|
1,464
|
|
|
$
|
15,572,412.68
|
|
|
Average Net Loss for Receivables that have experienced a Net Loss
|
|
|
$
|
10,636.89
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Balance of Extensions
|
|
|
$
|
1,446,881.67
|
|
|
Number of Extensions
|
|
|
|
113
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Excludes receivables with recovered amounts equal to or in excess of principal charge-offs due to the recovery of assessments, such as interest and fees.
|