AmeriCredit Announces First Prime/Near-Prime Securitization
AmeriCredit Corp. has announced the pricing of a $1 billion offering of automobile receivables-backed securities through lead managers JPMorgan and Wachovia Securities. Co-managers are BMO Capital Markets, Barclays Capital and UBS Investment Bank.
Fort Worth, Texas — AmeriCredit Corp. has announced the pricing of a $1 billion offering of automobile receivables-backed securities through lead managers JPMorgan and Wachovia Securities. Co-managers are BMO Capital Markets, Barclays Capital and UBS Investment Bank. This represents AmeriCredit’s first securitization under its prime/near-prime retail auto loan securitization platform, AmeriCredit Prime Automobile Receivables Trust. Net proceeds from securitization transactions will be used to provide long-term financing of receivables.
The securities will be issued via an owner trust, AmeriCredit Prime Automobile Receivables Trust 2007-1, in eight classes of Notes. The weighted average coupon on the Notes is 5.4 percent.
The 2007-1 transaction will have initial credit enhancement of 1.5 percent of the original receivables pool balance, building to the total required enhancement level of 4.5 percent of the then-outstanding receivables pool balance. The initial 1.5 percent enhancement will consist of a 1.0 percent cash deposit and 0.5 percent overcollateralization.
The Note Classes are rated by Standard & Poor’s and Moody’s Investors Service.
More F&I
Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →
Amplify 2026 Billed as Turning Innovation Into Results
Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.
Read More →
Own Your Outcome: F&I in the Digital Customer Journey
Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →