Capital One Prime Auto Receivables Trust 2021-1
06/16/2025 | Press release | Distributed by Public on 06/16/2025 09:43
Asset-Backed Issuer Distribution Report (Form 10-D)
CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2021-1
Statement to Securityholders
Determination Date: June 11, 2025
| Payment Date | 6/16/2025 | ||||
| Collection Period Start | 5/1/2025 | ||||
| Collection Period End | 5/31/2025 | ||||
| Interest Period Start | 5/15/2025 | ||||
| Interest Period End | 6/15/2025 | ||||
| Cut-Off Date Net Pool Balance | $ | 1,356,483,994.50 | |||
| Cut-Off Date Adjusted Pool Balance | $ | 1,356,483,994.50 | |||
I. DEAL SUMMARY
|
Beginning Note Balance |
Principal Payment | Ending Note Balance | Note Factor | Final Scheduled Payment Date | |||||||||||||
| Class A-1 Notes | $ | - | $ | - | $ | - | - | Nov-22 | |||||||||
| Class A-2 Notes | $ | - | $ | - | $ | - | - | Feb-25 | |||||||||
| Class A-3 Notes | $ | 19,184,201.71 | $ | 13,600,404.22 | $ | 5,583,797.49 | 0.011977 | Sep-26 | |||||||||
| Class A-4 Notes | $ | 105,390,000.00 | $ | - | $ | 105,390,000.00 | 1.000000 | Apr-27 | |||||||||
| Class B Notes | $ | 13,565,000.00 | $ | - | $ | 13,565,000.00 | 1.000000 | Apr-27 | |||||||||
| Class C Notes | $ | 13,564,000.00 | $ | - | $ | 13,564,000.00 | 1.000000 | May-27 | |||||||||
| Class D Notes | $ | 13,564,000.00 | $ | - | $ | 13,564,000.00 | 1.000000 | Mar-28 | |||||||||
| Total Notes | $ | 165,267,201.71 | $ | 13,600,404.22 | $ | 151,666,797.49 | |||||||||||
| Beginning Balance | Ending Balance | Pool Factor | |||||||||||||||
| Net Pool Balance | $ | 168,658,411.70 | $ | 155,058,007.48 | 0.114309 | ||||||||||||
| YSOC Amount | N/A | N/A | |||||||||||||||
| Adjusted Pool Balance | $ | 168,658,411.70 | $ | 155,058,007.48 | |||||||||||||
| Overcollateralization Amount (Adjusted Pool Balance - Note Balance) | $ | 3,391,209.99 | $ | 3,391,209.99 | |||||||||||||
| Reserve Account Balance | $ | 3,391,209.99 | $ | 3,391,209.99 | |||||||||||||
|
Beginning Note Balance |
Interest Rate | Accrual Methodology | Interest Payment | ||||||||||||||
| Class A-1 Notes | $ | - | 0.13428% | ACT/360 | $ | - | |||||||||||
| Class A-2 Notes | $ | - | 0.32000% | 30/360 | $ | - | |||||||||||
| Class A-3 Notes | $ | 19,184,201.71 | 0.77000% | 30/360 | $ | 12,309.86 | |||||||||||
| Class A-4 Notes | $ | 105,390,000.00 | 1.04000% | 30/360 | $ | 91,338.00 | |||||||||||
| Class B Notes | $ | 13,565,000.00 | 1.29000% | 30/360 | $ | 14,582.38 | |||||||||||
| Class C Notes | $ | 13,564,000.00 | 1.43000% | 30/360 | $ | 16,163.77 | |||||||||||
| Class D Notes | $ | 13,564,000.00 | 1.68000% | 30/360 | $ | 18,989.60 | |||||||||||
| Total Notes | $ | 165,267,201.71 | $ | 153,383.61 | |||||||||||||
II. COLLATERAL POOL BALANCE
| Beginning of Period | End of Period | |||||||
| Net Pool Balance | $ | 168,658,411.70 | $ | 155,058,007.48 | ||||
| Adjusted Pool Balance (Net Pool Balance - YSOC Amount) | $ | 168,658,411.70 | $ | 155,058,007.48 | ||||
| Number of Receivables Outstanding | 26,484 | 25,691 | ||||||
| Weighted Average Contract Rate | 3.89 | % | 3.90 | % | ||||
| Weighted Average Remaining Term (months) | 20.0 | 19.1 | ||||||
III. FUNDS AVAILABLE FOR DISTRIBUTION
| Available Funds: | |||||
| a. Collections | |||||
| Interest Collections | $ | 553,291.12 | |||
| Principal Collections | $ | 13,577,307.87 | |||
| Liquidation Proceeds | $ | 151,151.28 | |||
| b. Repurchase Price | $ | - | |||
| c. Optional Purchase Price | $ | - | |||
| d. Reserve Account Excess Amount | $ | - | |||
| Total Available Funds | $ | 14,281,750.27 | |||
| Reserve Account Draw Amount | $ | - | |||
| Total Funds Available for Distribution | $ | 14,281,750.27 | |||
IV. DISTRIBUTION
| Calculated Amount | Amount Paid | Shortfall | Carryover Shortfall | Remaining Available Funds | |||||||||||||
| Servicing Fee | $ | 140,548.68 | $ | 140,548.68 | $ | - | $ | - | $ | 14,141,201.59 | |||||||
| Interest - Class A-1 Notes | $ | - | $ | - | $ | - | $ | - | $ | 14,141,201.59 | |||||||
| Interest - Class A-2 Notes | $ | - | $ | - | $ | - | $ | - | $ | 14,141,201.59 | |||||||
| Interest - Class A-3 Notes | $ | 12,309.86 | $ | 12,309.86 | $ | - | $ | - | $ | 14,128,891.73 | |||||||
| Interest - Class A-4 Notes | $ | 91,338.00 | $ | 91,338.00 | $ | - | $ | - | $ | 14,037,553.73 | |||||||
| First Allocation of Principal | $ | - | $ | - | $ | - | $ | - | $ | 14,037,553.73 | |||||||
| Interest - Class B Notes | $ | 14,582.38 | $ | 14,582.38 | $ | - | $ | - | $ | 14,022,971.35 | |||||||
| Second Allocation of Principal | $ | - | $ | - | $ | - | $ | - | $ | 14,022,971.35 | |||||||
| Interest - Class C Notes | $ | 16,163.77 | $ | 16,163.77 | $ | - | $ | - | $ | 14,006,807.58 | |||||||
| Third Allocation of Principal | $ | - | $ | - | $ | - | $ | - | $ | 14,006,807.58 | |||||||
| Interest - Class D Notes | $ | 18,989.60 | $ | 18,989.60 | $ | - | $ | - | $ | 13,987,817.98 | |||||||
| Fourth Allocation of Principal | $ | 10,209,194.23 | $ | 10,209,194.23 | $ | - | $ | - | $ | 3,778,623.75 | |||||||
| Reserve Account Deposit Amount | $ | - | $ | - | $ | - | $ | - | $ | 3,778,623.75 | |||||||
| Regular Principal Distribution Amount | $ | 3,391,209.99 | $ | 3,391,209.99 | $ | - | $ | - | $ | 387,413.76 | |||||||
| Owner Trustee, Indenture Trustee, and ARR Fees & Expenses | $ | - | $ | - | $ | - | $ | - | $ | 387,413.76 | |||||||
| Remaining Funds to Certificates | $ | 387,413.76 | $ | 387,413.76 | $ | - | $ | - | $ | - | |||||||
| Total | $ | 14,281,750.27 | $ | 14,281,750.27 | $ | - | $ | - | |||||||||
V. OVERCOLLATERALIZATION INFORMATION
| Yield Supplement Overcollateralization Amount: | |||||
| Beginning Period YSOC Amount | N/A | ||||
| Increase/(Decrease) | N/A | ||||
| Ending YSOC Amount | N/A | ||||
| Overcollateralization: | Beginning of Period | End of Period | ||||||
| Adjusted Pool Balance | $ | 168,658,411.70 | $ | 155,058,007.48 | ||||
| Note Balance | $ | 165,267,201.71 | $ | 151,666,797.49 | ||||
| Overcollateralization (Adjusted Pool Balance - Note Balance) | $ | 3,391,209.99 | $ | 3,391,209.99 | ||||
| Target Overcollateralization Amount | $ | 3,391,209.99 | $ | 3,391,209.99 | ||||
| Overcollateralization Shortfall | $ | - | $ | - | ||||
VI. RESERVE ACCOUNT
| Specified Reserve Account Balance | $ | 3,391,209.99 | |||
| Beginning Reserve Account Balance | $ | 3,391,209.99 | |||
| Reserve Account Deposit Amount | $ | - | |||
| Reserve Account Draw Amount | $ | - | |||
| Reserve Account Excess Amount | $ | - | |||
| Ending Reserve Account Balance | $ | 3,391,209.99 | |||
VII. NET LOSS AND DELINQUENT RECEIVABLES
| Net Loss: | % of EOP Net Pool Balance | # of Receivables | Amount | ||||||||
|
Defaulted Receivables during Collection Period (Principal Balance)1
|
0.01% | 4 | $ | 23,096.35 | |||||||
|
Liquidation Proceeds of Defaulted Receivables2
|
0.10% | 141 | $ | 151,151.28 | |||||||
| Monthly Net Losses (Liquidation Proceeds) | $ | (128,054.93) | |||||||||
| Net Losses as % of Average Pool Balance (annualized) | |||||||||||
| Third Preceding Collection Period | (0.18) | % | |||||||||
| Second Preceding Collection Period | (0.40) | % | |||||||||
| Preceding Collection Period | (0.18) | % | |||||||||
| Current Collection Period | (0.95) | % | |||||||||
| Four-Month Average Net Loss Ratio | (0.43) | % | |||||||||
| Cumulative Net Losses for All Periods | $ | 2,254,870.18 | |||||||||
| Cumulative Net Loss Ratio | 0.17 | % | |||||||||
|
1 The # of Receivables reported as Defaulted does not include any Receivables that have been paid off or have matured and were either paid in full or had a remaining balance of $10.00 or less following the final payment.
|
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|
2 Liquidation Proceeds include all proceeds on a receivable after it has been charged-off.
|
|||||||||||
| Delinquent Receivables: | % of EOP Net Pool Balance | # of Receivables | Principal Balance | ||||||||
| 30-59 Days Delinquent | 0.61% | 107 | $ | 951,191.93 | |||||||
| 60-89 Days Delinquent | 0.16% | 25 | $ | 241,795.75 | |||||||
| 90-119 Days Delinquent | 0.06% | 12 | $ | 91,116.87 | |||||||
| 120+ Days Delinquent | 0.00% | 0 | $ | - | |||||||
| Total Delinquent Receivables | 0.83% | 144 | $ | 1,284,104.55 | |||||||
| Repossession Inventory: | # of Receivables | Principal Balance | |||||||||
| Repossessed in the Current Collection Period | - | $ | - | ||||||||
| Total Repossessed Inventory | 5 | $ | 64,730.62 | ||||||||
| 60+ Delinquency Percentage: | # of Receivables | Amount | |||||||||
| 60+ Day Delinquent Receivables | 37 | $ | 332,912.62 | ||||||||
| 60+ Delinquencies as % of EOP Net Pool Balance | |||||||||||
| Third Preceding Collection Period | 0.25 | % | |||||||||
| Second Preceding Collection Period | 0.22 | % | |||||||||
| Preceding Collection Period | 0.30 | % | |||||||||
| Current Collection Period | 0.21 | % | |||||||||
| Delinquency Trigger | 4.50 | % | |||||||||
| Current Delinquency Percentage Exceeds Delinquency Trigger? (Yes/No) | No | ||||||||||
VIII. TEMPORARY FORBEARANCE
The table below presents accounts which received a short-term payment extension in the month of May 2025.
| Month-End Balance | # of Receivables | |||||||||||||
| ($MM) | (%) | (#) | (%) | |||||||||||
| Total Extensions | 0.20 | 0.13% | 22 | 0.09% | ||||||||||
Capital One Prime Auto Receivables Trust 2021-1 published this content on June 16, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on June 16, 2025 at 15:43 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at support@pubt.io