American Car Center issues third nonprime lease securitization | Auto Finance News | Auto Finance News

American Car Center issues third nonprime lease securitization

American Car Center securitized $283 million of nonprime auto leases, its second transaction of the year and third overall. Moody’s Investors Service expects 31% of cumulative net losses for the pool, up from 30% in ACC’s February securitization. The weighted average Fico for the securitization was 527, compared with 529 in ACC’s previous securitization. Original […]

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