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Nissan Auto Receivables 2023-B Owner Trust

10/24/2025 | Press release | Distributed by Public on 10/24/2025 12:23

Asset-Backed Issuer Distribution Report (Form 10-D)

Nissan Auto Receivables 2023-B Owner Trust

Servicer's Certificate

Collection Period

30-Sep-25

30/360 Days

Collection Period Start

1-Sep-25

Distribution Date

15-Oct-25

Actual/360 Days

Collection Period End

30-Sep-25

Prior Month Settlement Date

15-Sep-25

Current Month Settlement Date

15-Oct-25


	Coupon Rate			Initial Balance		Beginning Balance		Ending Balance		Pool Factor
Pool Balance					1,449,675,307.36		460,112,646.87		429,725,064.99		0.330029
Yield Supplement Overcollaterization					147,591,973.00		28,125,890.95		25,577,512.26
Total Adjusted Pool Balance					1,302,083,334.36		431,986,755.92		404,147,552.73
Total Adjusted Securities					1,302,083,334.36		431,986,755.92		404,147,552.73		0.310385
Class A-1 Notes		5.70900	%		352,000,000.00		0.00		0.00		0.000000
Class A-2a Notes		5.95000	%		219,500,000.00		0.00		0.00		0.000000
Class A-2b Notes		4.93208	%		219,500,000.00		0.00		0.00		0.000000
Class A-3 Notes		5.93000	%		376,000,000.00		296,903,421.56		269,064,218.37		0.715596
Class A-4 Notes		5.96000	%		83,000,000.00		83,000,000.00		83,000,000.00		1.000000
Certificates		0.00000	%		52,083,334.36		52,083,334.36		52,083,334.36		1.000000

	Principal Payment			Interest Payment		Principal per $1000 Face Amount		Interest per $1000 Face Amount
Class A-1 Notes		0.00			0.00		-		-
Class A-2a Notes		0.00			0.00		-		-
Class A-2b Notes		0.00			0.00		-		-
Class A-3 Notes		27,839,203.19			1,467,197.74		74.0404340		3.9021216
Class A-4 Notes		0.00			412,233.33		-		4.9666666
Certificates		0.00			0.00		-		-

Total Securities		27,839,203.19			1,879,431.07


I. COLLECTIONS

Interest:
Interest Collections									1,714,588.79
Repurchased Loan Proceeds Related to Interest									0.00

Total Interest Collections									1,714,588.79
Principal:
Principal Collections									29,833,645.72
Repurchased Loan Proceeds Related to Principal									0.00

Total Principal Collections									29,833,645.72
Recoveries of Defaulted Receivables									189,913.06

Total Collections									31,738,147.57


II. COLLATERAL POOL BALANCE DATA

						Number		Amount
Adjusted Pool Balance - Beginning of Period							41,546		431,986,755.92
Total Principal Payment									27,839,203.19

							39,969		404,147,552.73

Nissan Auto Receivables 2023-B Owner Trust

Servicer's Certificate


III. DISTRIBUTIONS

Total Collections			31,738,147.57
Reserve Account Draw			0.00
Total Available for Distribution			31,738,147.57
1. Reimbursement of Advance			0.00
2. Servicing Fee:
Servicing Fee Due			383,427.21
Servicing Fee Paid			383,427.21
Servicing Fee Shortfall			0.00
3. Interest:
Class A-1 Notes Monthly Interest
Class A-1 Notes Interest Carryover Shortfall			0.00
Class A-1 Notes Interest on Interest Carryover Shortfall			0.00
Class A-1 Notes Monthly Interest Distributable Amount			0.00
Class A-1 Notes Monthly Interest Paid			0.00
Change in Class A-1 Notes Interest Carryover Shortfall			0.00
Class A-2a Notes Monthly Interest
Class A-2a Notes Interest Carryover Shortfall			0.00
Class A-2a Notes Interest on Interest Carryover Shortfall			0.00
Class A-2a Notes Monthly Interest Distributable Amount			0.00
Class A-2a Notes Monthly Interest Paid			0.00
Change in Class A-2a Notes Interest Carryover Shortfall			0.00
Class A-2b Notes Monthly Interest
Class A-2b Notes Interest Carryover Shortfall			0.00
Class A-2b Notes Interest on Interest Carryover Shortfall			0.00
Class A-2b Notes Monthly Interest Distributable Amount			0.00
Class A-2b Notes Monthly Interest Paid			0.00
Change in Class A-2b Notes Interest Carryover Shortfall			0.00
Class A-3 Notes Monthly Interest
Class A-3 Notes Interest Carryover Shortfall			0.00
Class A-3 Notes Interest on Interest Carryover Shortfall			0.00
Class A-3 Notes Monthly Interest Distributable Amount			1,467,197.74
Class A-3 Notes Monthly Interest Paid			1,467,197.74
Change in Class A-3 Notes Interest Carryover Shortfall			0.00
Class A-4 Notes Monthly Interest
Class A-4 Notes Interest Carryover Shortfall			0.00
Class A-4 Notes Interest on Interest Carryover Shortfall			0.00
Class A-4 Notes Monthly Interest Distributable Amount			412,233.33
Class A-4 Notes Monthly Interest Paid			412,233.33
Change in Class A-4 Notes Interest Carryover Shortfall			0.00

Nissan Auto Receivables 2023-B Owner Trust

Servicer's Certificate


Total Note Monthly Interest
Total Note Monthly Interest Due					1,879,431.07
Total Note Monthly Interest Paid					1,879,431.07
Total Note Interest Carryover Shortfall					0.00
Change in Total Note Interest Carryover Shortfall					0.00
Total Available for Principal Distribution					29,475,289.29
4. Total Monthly Principal Paid on the Notes					27,839,203.19
Total Noteholders' Principal Carryover Shortfall					0.00
Total Noteholders' Principal Distributable Amount					27,839,203.19
Change in Total Noteholders' Principal Carryover Shortfall					0.00
5. Total Monthly Principal Paid on the Certificates					0.00
Total Certificateholders' Principal Carryover Shortfall					0.00
Total Certificateholders' Principal Distributable Amount					0.00
Change in Total Certificateholders' Principal Carryover Shortfall					0.00
Remaining Available Collections					1,636,086.10
Deposit from Remaining Available Collections to fund Reserve Account					0.00
Remaining Available Collections Released to Certificateholder					1,636,086.10

V. RESERVE ACCOUNT

Initial Reserve Account Amount					3,255,208.34
Required Reserve Account Amount					3,255,208.34
Beginning Reserve Account Balance					3,255,208.34
Deposit of Remaining Available Collections					0.00
Ending Reserve Account Balance					3,255,208.34
Required Reserve Account Amount for Next Period					3,255,208.34

VI. POOL STATISTICS

Weighted Average Coupon					4.39	%
Weighted Average Remaining Maturity					30.14

	Amount			Number
Principal on Defaulted Receivables		553,936.16			33
Principal Recoveries of Defaulted Receivables		189,913.06

Monthly Net Losses		364,023.10
Pool Balance at Beginning of Collection Period		460,112,646.87
Net Loss Ratio for Third Preceding Collection Period		0.60	%
Net Loss Ratio for Second Preceding Collection Period		-0.67	%
Net Loss Ratio for Preceding Collection Period		0.84	%
Net Loss Ratio for Current Collection Period		0.95	%
Four-Month Average Net Loss Ratio		0.43	%
Cumulative Net Losses for all Periods		4,881,433.50

Nissan Auto Receivables 2023-B Owner Trust

Servicer's Certificate


	Amount			Number			% of Receivables (EOP Balance)
Delinquent Receivables:
31-60 Days Delinquent		3,580,301.31			256			0.83	%
61-90 Days Delinquent		569,532.06			52			0.13	%
91-120 Days Delinquent		269,982.64			23			0.06	%
More than 120 Days		0.00			0			0.00	%

Total 31+ Days Delinquent Receivables:		4,419,816.01			331			1.03	%
61+ Days Delinquencies as Percentage of Receivables (EOP):
Delinquency Ratio for Third Preceding Collection Period		0.22	%		0.15	%
Delinquency Ratio for Second Preceding Collection Period		0.26	%		0.21	%
Delinquency Ratio for Preceding Collection Period		0.29	%		0.22	%
Delinquency Ratio for Current Collection Period		0.20	%		0.19	%
Four-Month Average Delinquency Ratio		0.24	%		0.19	%
60 Day Delinquent Receivables		908,009.92
Delinquency Percentage		0.21	%
Delinquency Trigger		4.90	%
Does the Delinquency Percentage exceed the Delinquency Trigger?		No
Principal Balance of Extensions		1,684,621.59
Number of Extensions		93

VII. STATEMENTS TO NOTEHOLDERS

1. Has there been a material change in practices with respect to charge-offs, collection and management of delinquent Receivables, and the effect of any grace period, re-aging, re-structuring, partial payments or other practices on delinquency and loss experience?								NO

2. Have there been any material breaches of representations, warranties or covenants contained in the Receivables?								NO

3. Has there been an issuance of notes or other securities backed by the Receivables?								NO

4. Has there been a material change in the underwriting, origination or acquisition of Receivables?								NO

Nissan Auto Receivables 2023-B Owner Trust published this content on October 24, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on October 24, 2025 at 18:23 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]

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