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I. ORIGINAL DEAL PARAMETERS
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Cut off Date:
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October 4, 2022
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Closing Date:
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November 9, 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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$
|
1,706,688,347.89
|
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73,607
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|
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3.85
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%
|
|
56.52
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Original Adj. Pool Balance:
|
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$
|
1,523,088,772.73
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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
|
|
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|
16.758
|
%
|
|
4.45000
|
%
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November 15, 2023
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Class A-2-A Notes
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Fixed
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$
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437,400,000.00
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25.629
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%
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5.35000
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%
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November 17, 2025
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Class A-2-B Notes
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Floating
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|
$
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100,000,000.00
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5.859
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%
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|
SOFR + 0.78
|
%
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November 17, 2025
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Class A-3 Notes
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Fixed
|
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|
$
|
487,400,000.00
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|
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|
28.558
|
%
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|
5.39000
|
%
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June 15, 2027
|
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Class A-4 Notes
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Fixed
|
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|
$
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101,100,000.00
|
|
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|
5.924
|
%
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|
5.52000
|
%
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October 16, 2028
|
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Class B Notes
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Fixed
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|
$
|
27,420,000.00
|
|
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|
1.607
|
%
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|
6.06000
|
%
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October 16, 2028
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Class C Notes
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Fixed
|
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|
$
|
45,670,000.00
|
|
|
|
2.676
|
%
|
|
|
6.23000
|
%
|
|
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June 15, 2029
|
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Total Securities
|
|
|
$
|
1,484,990,000.00
|
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|
87.010
|
%
|
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Overcollateralization
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$
|
38,098,772.73
|
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2.232
|
%
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YSOA
|
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|
$
|
183,599,575.16
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|
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|
10.758
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%
|
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|
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Total Original Pool Balance
|
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|
$
|
1,706,688,347.89
|
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|
|
100.00
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%
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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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|
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Class A-1 Notes
|
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|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
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Class A-2-A Notes
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
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Class A-2-B Notes
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
|
|
|
|
-
|
|
|
$
|
-
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Class A-3 Notes
|
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|
$
|
36,361,198.85
|
|
|
|
0.0746024
|
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|
$
|
17,190,096.03
|
|
|
|
0.0352690
|
|
|
$
|
19,171,102.82
|
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|
Class A-4 Notes
|
|
|
$
|
101,100,000.00
|
|
|
|
1.0000000
|
|
|
$
|
101,100,000.00
|
|
|
|
1.0000000
|
|
|
$
|
-
|
|
|
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
|
|
|
$
|
210,551,198.85
|
|
|
|
0.1417863
|
|
|
$
|
191,380,096.03
|
|
|
|
0.1288764
|
|
|
$
|
19,171,102.82
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
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|
Weighted Avg. Coupon (WAC)
|
|
|
4.38
|
%
|
|
|
|
|
|
4.43
|
%
|
|
|
|
|
|
|
|
|
Weighted Avg. Remaining Maturity (WARM)
|
|
|
22.05
|
|
|
|
|
|
|
|
21.37
|
|
|
|
|
|
|
|
|
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|
Pool Receivables Balance
|
|
|
$
|
272,402,894.21
|
|
|
|
|
|
|
$
|
251,409,303.52
|
|
|
|
|
|
|
|
|
|
|
Remaining Number of Receivables
|
|
|
34,130
|
|
|
|
|
|
|
|
32,796
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
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Adjusted Pool Balance
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|
|
$
|
252,436,140.10
|
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|
|
|
|
$
|
233,265,037.28
|
|
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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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|
|
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III. COLLECTIONS
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|
Principal:
|
|
Principal Collections
|
|
|
$
|
20,642,212.08
|
|
|
Repurchased Contract Proceeds Related to Principal
|
|
|
$
|
-
|
|
|
Recoveries/Liquidation Proceeds
|
|
|
$
|
274,208.93
|
|
|
Total Principal Collections
|
|
|
$
|
20,916,421.01
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest:
|
|
Interest Collections
|
|
|
$
|
986,048.45
|
|
|
Late Fees & Other Charges
|
|
|
$
|
48,578.53
|
|
|
Interest on Repurchase Principal
|
|
|
$
|
-
|
|
|
Total Interest Collections
|
|
|
$
|
1,034,626.98
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Collection Account Interest
|
|
|
$
|
56,375.86
|
|
|
Reserve Account Interest
|
|
|
$
|
20,877.61
|
|
|
Servicer Advances
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Collections
|
|
|
$
|
22,028,301.46
|
|
|
|
|
|
|
Amount Due
|
|
|
Interest Pymt Due
but unpaid from
prior periods
|
|
|
Amount Paid
|
|
|
|
|
|
|
|
1. Servicing Fee @1.00%:
|
|
Servicing Fee Due
|
1.00
|
%
|
$
|
227,002.41
|
|
|
$
|
-
|
|
|
$
|
227,002.41
|
|
|
|
|
227,002.41
|
|
|
Collection & Reserve Account Interest
|
|
$
|
77,253.47
|
|
|
Late Fees & Other Charges
|
|
$
|
48,578.53
|
|
|
Total due to Servicer
|
|
$
|
352,834.41
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2. Class A Noteholders Interest:
|
|
Class A-1 Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class A-2-A Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class A-2-B Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class A-3 Notes
|
|
|
$
|
163,322.38
|
|
|
|
|
|
|
$
|
163,322.38
|
|
|
|
|
|
|
|
Class A-4 Notes
|
|
|
$
|
465,060.00
|
|
|
|
|
|
|
$
|
465,060.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Class A interest:
|
|
|
$
|
628,382.38
|
|
|
|
|
|
|
$
|
628,382.38
|
|
|
|
|
628,382.38
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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:
|
|
$
|
20,671,510.25
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7. Regular Principal Distribution Amount:
|
|
|
19,171,102.82
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Distributable Amount
|
|
|
|
|
|
|
Paid Amount
|
|
|
|
|
|
|
|
Class A-1 Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class A-2-A Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class A-2-B Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class A-3 Notes
|
|
|
$
|
19,171,102.82
|
|
|
|
|
|
|
|
Class A-4 Notes
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class A Notes Total:
|
|
|
$
|
19,171,102.82
|
|
|
|
|
|
|
$
|
19,171,102.82
|
|
|
|
|
|
|
|
Class B Notes Total:
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Class C Notes Total:
|
|
|
$
|
-
|
|
|
|
|
|
|
$
|
-
|
|
|
|
|
|
|
|
Total Noteholders Principal
|
|
|
$
|
19,171,102.82
|
|
|
|
|
|
|
$
|
19,171,102.82
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
1,500,407.43
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
V. YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Period Required Amount
|
|
$
|
19,966,754.11
|
|
|
Beginning Period Amount
|
|
$
|
19,966,754.11
|
|
|
Current Period Amortization
|
|
$
|
1,822,487.87
|
|
|
Ending Period Required Amount
|
|
$
|
18,144,266.24
|
|
|
Ending Period Amount
|
|
$
|
18,144,266.24
|
|
|
Next Distribution Date Required Amount
|
|
$
|
16,435,462.25
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
16.59
|
%
|
|
17.96
|
%
|
|
17.96
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VIII. DELINQUENCY AND NET LOSS ACTIVITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables
|
|
|
Units Percent
|
|
|
Units
|
|
|
Dollars Percent
|
|
|
Amount
|
|
|
Current
|
|
|
98.51
|
%
|
|
32,306
|
|
|
|
97.38
|
%
|
$
|
244,809,833.71
|
|
|
30 - 60 Days
|
|
|
1.18
|
%
|
|
386
|
|
|
|
2.06
|
%
|
$
|
5,181,330.12
|
|
|
61 - 90 Days
|
|
|
0.27
|
%
|
|
88
|
|
|
|
0.46
|
%
|
$
|
1,167,615.81
|
|
|
91-120 Days
|
|
|
0.05
|
%
|
|
15
|
|
|
|
0.10
|
%
|
$
|
241,454.93
|
|
|
121 + Days
|
|
|
0.00
|
%
|
|
1
|
|
|
|
0.00
|
%
|
$
|
9,068.95
|
|
|
Total
|
|
|
32,796
|
|
|
|
|
|
|
$
|
251,409,303.52
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delinquent Receivables 30+ Days Past Due
|
|
Current Period
|
|
|
1.49
|
%
|
|
490
|
|
|
|
2.62
|
%
|
$
|
6,599,469.81
|
|
|
1st Preceding Collection Period
|
|
|
1.65
|
%
|
|
563
|
|
|
|
2.88
|
%
|
$
|
7,846,679.01
|
|
|
2nd Preceding Collection Period
|
|
|
1.85
|
%
|
|
654
|
|
|
|
3.20
|
%
|
$
|
9,404,527.75
|
|
|
3rd Preceding Collection Period
|
|
|
1.66
|
%
|
|
605
|
|
|
|
2.88
|
%
|
$
|
9,096,582.20
|
|
|
Four-Month Average
|
|
|
1.66
|
%
|
|
|
|
|
|
|
2.90
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of 61+ Delinquency Receivables Balance to EOP Pool Balance
|
|
|
0.56
|
%
|
|
|
|
|
Delinquency Percentage exceeds Delinquency Trigger of 9.6% (Y/N)
|
|
|
No
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repossession in Current Period
|
|
|
25
|
|
|
|
|
|
|
$
|
374,456.11
|
|
|
Repossession Inventory
|
|
|
59
|
|
|
|
|
|
|
$
|
1,002,682.53
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Charge-Offs
|
|
Gross Principal of Charge-Offs
|
|
|
$
|
351,378.61
|
|
|
Recoveries
|
|
|
$
|
(274,208.93
|
)
|
|
Net Loss
|
|
|
$
|
77,169.68
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Beginning Pool Balance (annualized)
|
|
|
|
0.34
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Pool Balance for Current Period
|
|
|
$
|
261,906,098.87
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Current Net Loss to Average Pool Balance (annualized)
|
|
Current Period
|
|
|
|
0.35
|
%
|
|
1st Preceding Collection Period
|
|
|
|
0.38
|
%
|
|
2nd Preceding Collection Period
|
|
|
|
1.00
|
%
|
|
3rd Preceding Collection Period
|
|
|
|
0.66
|
%
|
|
Four-Month Average
|
|
|
|
0.60
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Charge-Offs
|
|
|
Change in units from
prior period
|
|
|
Cumulative Units
|
|
|
Cumulative Amount
|
|
|
Gross Principal of Charge-Offs
|
|
|
24
|
|
|
|
1,597
|
|
|
$
|
30,772,261.06
|
|
|
Recoveries
|
|
|
21
|
|
|
|
1,255
|
|
|
$
|
(15,219,782.64
|
)
|
|
Net Loss
|
|
|
$
|
15,552,478.42
|
|
|
Cumulative Net Loss as a % of Initial Pool Balance
|
|
|
|
0.91
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss for Receivables that have experienced a Net Loss *
|
|
|
18
|
|
|
|
1,373
|
|
|
$
|
15,552,478.42
|
|
|
Average Net Loss for Receivables that have experienced a Net Loss
|
|
|
$
|
11,327.37
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Balance of Extensions
|
|
|
$
|
1,392,223.98
|
|
|
Number of Extensions
|
|
|
|
88
|
|
* 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.