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I. ORIGINAL DEAL PARAMETERS
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Cut off Date:
|
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June 7, 2022
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Closing Date:
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July 20, 2022
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Dollars
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Units
|
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WAC
|
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WARM
|
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Original Pool Balance:
|
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|
$
|
1,537,128,048.52
|
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|
65,507
|
|
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|
3.29
|
%
|
|
54.60
|
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Original Adj. Pool Balance:
|
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|
$
|
1,393,975,736.04
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Amount
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% of Pool
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Note Rate
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Final Payment Date
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Class A-1 Notes
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Fixed
|
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|
$
|
286,000,000.00
|
|
|
|
18.606
|
%
|
|
2.55700
|
%
|
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|
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July 17, 2023
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Class A-2-A Notes
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Fixed
|
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|
$
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355,000,000.00
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|
23.095
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%
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|
3.64000
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%
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May 15, 2025
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Class A-2-B Notes
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Floating
|
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$
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118,400,000.00
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|
7.703
|
%
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|
SOFR + 0.58
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%
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|
|
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|
May 15, 2025
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Class A-3 Notes
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Fixed
|
|
|
$
|
429,100,000.00
|
|
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|
27.916
|
%
|
|
3.72000
|
%
|
|
|
|
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|
November 16, 2026
|
|
|
Class A-4 Notes
|
Fixed
|
|
|
$
|
103,700,000.00
|
|
|
|
6.746
|
%
|
|
3.80000
|
%
|
|
|
|
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|
August 15, 2028
|
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Class B Notes
|
Fixed
|
|
|
$
|
25,100,000.00
|
|
|
|
1.633
|
%
|
|
4.51000
|
%
|
|
|
|
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|
August 15, 2028
|
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Class C Notes
|
Fixed
|
|
|
$
|
41,800,000.00
|
|
|
|
2.719
|
%
|
|
|
4.80000
|
%
|
|
|
|
|
|
January 16, 2029
|
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|
Total Securities
|
|
|
$
|
1,359,100,000.00
|
|
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|
88.418
|
%
|
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Overcollateralization
|
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|
$
|
34,875,736.04
|
|
|
|
2.269
|
%
|
|
|
|
|
|
|
|
|
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|
YSOA
|
|
|
$
|
143,152,312.48
|
|
|
|
9.313
|
%
|
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|
|
|
|
|
|
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|
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Total Original Pool Balance
|
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|
$
|
1,537,128,048.52
|
|
|
|
100.00
|
%
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II. POOL BALANCE AND PORTFOLIO INFORMATION
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Beginning of Period
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Ending of Period
|
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Change
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Balance
|
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Note Factor
|
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Balance
|
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|
Note Factor
|
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|
|
|
|
|
Class A-1 Notes
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
Class A-2-A Notes
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
Class A-2-B Notes
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
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|
Class A-3 Notes
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
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|
Class A-4 Notes
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
Class B Notes
|
|
|
$
|
16,472,152.80
|
|
|
|
0.6562611
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
16,472,152.80
|
|
|
Class C Notes
|
|
|
$
|
41,800,000.00
|
|
|
|
1.0000000
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
41,800,000.00
|
|
|
Total Securities
|
|
|
$
|
58,272,152.80
|
|
|
|
0.0428755
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
58,272,152.80
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
Weighted Avg. Coupon (WAC)
|
|
|
4.16
|
%
|
|
|
|
|
|
4.24
|
%
|
|
|
|
|
|
|
|
|
Weighted Avg. Remaining Maturity (WARM)
|
|
|
15.14
|
|
|
|
|
|
|
|
14.58
|
|
|
|
|
|
|
|
|
|
|
Pool Receivables Balance
|
|
|
$
|
101,501,343.64
|
|
|
|
|
|
|
$
|
90,472,890.77
|
|
|
|
|
|
|
|
|
|
|
Remaining Number of Receivables
|
|
|
19,422
|
|
|
|
|
|
|
|
18,226
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
Adjusted Pool Balance
|
|
|
$
|
96,606,485.54
|
|
|
|
|
|
|
$
|
86,251,072.67
|
|
|
|
|
|
|
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|
|
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|
|
|
|
|
|
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|
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|
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|
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|
|
|
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III. COLLECTIONS
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|
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|
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|
Principal:
|
|
Principal Collections
|
|
|
$
|
10,922,164.78
|
|
|
Repurchased Contract Proceeds Related to Principal
|
|
|
$
|
40,175,916.41
|
|
|
Recoveries/Liquidation Proceeds
|
|
|
$
|
164,696.05
|
|
|
Total Principal Collections
|
|
|
$
|
51,262,777.24
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest:
|
|
Interest Collections
|
|
|
$
|
353,189.17
|
|
|
Late Fees & Other Charges
|
|
|
$
|
29,291.11
|
|
|
Interest on Repurchase Principal
|
|
|
$
|
-
|
|
|
Total Interest Collections
|
|
|
$
|
382,480.28
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Collection Account Interest
|
|
|
$
|
35,155.13
|
|
|
Reserve Account Interest
|
|
|
$
|
20,203.58
|
|
|
Servicer Advances
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Collections
|
|
|
$
|
51,700,616.23
|
|
|
IV. DISTRIBUTIONS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Collections
|
|
$
|
51,700,616.23
|
|
|
Reserve Account Release
|
|
$
|
6,969,878.68
|
|
|
Reserve Account Draw
|
|
$
|
-
|
|
|
Total Available for Distribution
|
|
$
|
58,670,494.91
|
|
|
|
|
|
|
Amount Due
|
|
|
Interest Pymt Due but unpaid from prior periods
|
|
|
Amount Paid
|
|
|
|
|
|
|
|
1. Servicing Fee @1.00%:
|
|
Servicing Fee Due
|
1.00
|
%
|
$
|
84,584.45
|
|
|
$
|
-
|
|
|
$
|
84,584.45
|
|
|
|
|
84,584.45
|
|
|
Collection & Reserve Account Interest
|
|
$
|
55,358.71
|
|
|
Late Fees & Other Charges
|
|
$
|
29,291.11
|
|
|
Total due to Servicer
|
|
$
|
169,234.27
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Class A interest:
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3. First Priority Principal Distribution:
|
|
|
$
|
0.00
|
|
|
|
|
|
|
$
|
0.00
|
|
|
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4. Class B Noteholders Interest:
|
|
|
$
|
61,907.84
|
|
|
|
|
|
|
$
|
61,907.84
|
|
|
|
|
61,907.84
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5. Second Priority Principal Distribution:
|
|
|
$
|
0.00
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6. Class C Noteholders Interest:
|
|
|
$
|
167,200.00
|
|
|
|
|
|
|
$
|
167,200.00
|
|
|
|
|
167,200.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Available Funds Remaining:
|
|
$
|
58,272,152.80
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7. Regular Principal Distribution Amount:
|
|
|
58,272,152.80
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class A Notes Total:
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class B Notes Total:
|
|
|
$
|
10,355,412.88
|
|
|
|
|
|
|
$
|
16,472,152.80
|
|
|
|
|
|
|
|
Class C Notes Total:
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
41,800,000.00
|
|
|
|
|
|
|
|
Total Noteholders Principal
|
|
|
$
|
10,355,412.88
|
|
|
|
|
|
|
$
|
58,272,152.80
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
V. YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Period Required Amount
|
|
$
|
4,894,858.10
|
|
|
Beginning Period Amount
|
|
$
|
4,894,858.10
|
|
|
Current Period Amortization
|
|
$
|
673,039.99
|
|
|
Ending Period Required Amount
|
|
$
|
4,221,818.10
|
|
|
Ending Period Amount
|
|
$
|
4,221,818.10
|
|
|
Next Distribution Date Required Amount
|
|
$
|
3,618,301.95
|
|
|
VI. RESERVE ACCOUNT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reserve Percentage of Initial Adjusted Pool Balance
|
|
|
|
0.50
|
%
|
|
Beginning Period Required Amount
|
|
|
$
|
6,969,878.68
|
|
|
Beginning Period Amount
|
|
|
$
|
6,969,878.68
|
|
|
Current Period Release to Collection Account
|
|
|
$
|
6,969,878.68
|
|
|
Current Period Deposit
|
|
|
$
|
-
|
|
|
Current Period Release to Depositor
|
|
|
$
|
-
|
|
|
Ending Period Required Amount (0.50% of APB of cut-off date)
|
|
|
$
|
-
|
|
|
Ending Period Amount
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VII. OVERCOLLATERALIZATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Target
|
|
|
2.75
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overcollateralization Floor
|
|
|
2.75
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning
|
|
|
Ending
|
|
|
Target
|
|
|
Overcollateralization Amount
|
|
|
$
|
38,334,332.74
|
|
|
$
|
86,251,072.67
|
|
|
$
|
38,334,332.74
|
|
|
Overcollateralization as a % of Original Adjusted Pool
|
|
|
2.75
|
%
|
|
6.19
|
%
|
|
2.75
|
%
|
|
Overcollateralization as a % of Current Adjusted Pool
|
|
|
39.68
|
%
|
|
100.00
|
%
|
|
44.45
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VIII. DELINQUENCY AND NET LOSS ACTIVITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables
|
|
|
Units Percent
|
|
|
Units
|
|
|
Dollars Percent
|
|
|
Amount
|
|
|
Current
|
|
|
97.83
|
%
|
|
17,831
|
|
|
|
95.93
|
%
|
$
|
86,790,194.11
|
|
|
30 - 60 Days
|
|
|
1.69
|
%
|
|
308
|
|
|
|
3.25
|
%
|
$
|
2,939,403.87
|
|
|
61 - 90 Days
|
|
|
0.41
|
%
|
|
74
|
|
|
|
0.72
|
%
|
$
|
651,618.89
|
|
|
91-120 Days
|
|
|
0.07
|
%
|
|
13
|
|
|
|
0.10
|
%
|
$
|
91,673.90
|
|
|
121 + Days
|
|
|
0.00
|
%
|
|
0
|
|
|
|
0.00
|
%
|
$
|
-
|
|
|
Total
|
|
|
18,226
|
|
|
|
|
|
|
$
|
90,472,890.77
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables 30+ Days Past Due
|
|
Current Period
|
|
|
2.17
|
%
|
|
395
|
|
|
|
4.07
|
%
|
$
|
3,682,696.66
|
|
|
1st Preceding Collection Period
|
|
|
2.13
|
%
|
|
414
|
|
|
|
3.86
|
%
|
$
|
3,914,186.48
|
|
|
2nd Preceding Collection Period
|
|
|
1.90
|
%
|
|
390
|
|
|
|
3.49
|
%
|
$
|
3,957,787.22
|
|
|
3rd Preceding Collection Period
|
|
|
2.10
|
%
|
|
456
|
|
|
|
3.72
|
%
|
$
|
4,717,580.34
|
|
|
Four-Month Average
|
|
|
2.07
|
%
|
|
|
|
|
|
|
3.79
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of 61+ Delinquency Receivables Balance to EOP Pool Balance
|
|
|
0.82
|
%
|
|
|
|
|
Delinquency Percentage exceeds Delinquency Trigger of 9.6% (Y/N)
|
|
|
No
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repossession in Current Period
|
|
|
14
|
|
|
|
|
|
|
$
|
177,745.00
|
|
|
Repossession Inventory
|
|
|
38
|
|
|
|
|
|
|
$
|
569,905.38
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Charge-Offs
|
|
Gross Principal of Charge-Offs
|
|
|
$
|
106,288.09
|
|
|
Recoveries
|
|
|
$
|
(164,696.05
|
)
|
|
Net Loss
|
|
|
$
|
(58,407.96
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Beginning Pool Balance (annualized)
|
|
|
|
-0.69
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Pool Balance for Current Period
|
|
|
$
|
95,987,117.20
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Average Pool Balance (annualized)
|
|
Current Period
|
|
|
|
-0.73
|
%
|
|
1st Preceding Collection Period
|
|
|
|
-0.33
|
%
|
|
2nd Preceding Collection Period
|
|
|
|
0.40
|
%
|
|
3rd Preceding Collection Period
|
|
|
|
-0.12
|
%
|
|
Four-Month Average
|
|
|
|
-0.20
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Charge-Offs
|
|
|
Change in units from prior period
|
|
|
Cumulative Units
|
|
|
Cumulative Amount
|
|
|
Gross Principal of Charge-Offs
|
|
|
10
|
|
|
|
1,558
|
|
|
$
|
28,537,929.85
|
|
|
Recoveries
|
|
|
16
|
|
|
|
1,311
|
|
|
$
|
(15,586,875.76
|
)
|
|
Net Loss
|
|
|
$
|
12,951,054.09
|
|
|
Cumulative Net Loss as a % of Initial Pool Balance
|
|
|
|
0.84
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss for Receivables that have experienced a Net Loss *
|
|
|
1
|
|
|
|
1,341
|
|
|
$
|
12,952,309.98
|
|
|
Average Net Loss for Receivables that have experienced a Net Loss
|
|
|
$
|
9,658.69
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Balance of Extensions
|
|
|
$
|
652,408.72
|
|
|
Number of Extensions
|
|
|
|
83
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* 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.
|