Credit standards · Auto loan credit standards
MERCEDES-BENZ AUTO RECEIVABLES TRUST
Summary statistics computed from the Form ABS-EE asset-level file for this shelf, filed 2026-08-21. Regulation AB II requires this loan-level data for registered public auto-loan securitizations, so every figure below is a statement about a named, dated SEC filing — not about a company.
877 loans analysed, sampled systematically (every 20th record) from 17,554 records. CIK 1951118. Source filing.
Distributions
| Measure | 5th | 25th | Median | 75th | 95th |
|---|---|---|---|---|---|
| Credit score | 658 | 701 | 747 | 798 | 863 |
| APR | 2.0% | 3.0% | 4.0% | 5.5% | 7.3% |
| Payment-to-income | 2.0% | 4.3% | 7.0% | 10.7% | 18.1% |
| Term (months) | 61 | 73 | 73 | 74 | 74 |
| Loan-to-value | 60.0% | 88.1% | 104.4% | 117.5% | 135.8% |
| Vehicle model year | 2017 | 2018 | 2020 | 2021 | 2022 |
LTV is not comparable across shelves for this filing: the vehicle value source is filer-specific (codes 98, 2), and the code meanings are not asserted here.
By credit score band
| Band | Range | Loans | Share | Median APR |
|---|---|---|---|---|
| near prime | 601-660 | 51 | 5.8% | 6.0% |
| prime | 661-780 | 540 | 61.6% | 4.4% |
| super prime | 781-900 | 286 | 32.6% | 3.7% |
Pool composition
- Originators: MBFS USA LLC (877)
- Used vehicles: 60.2%
- Co-obligor present: 25.8%
- Zero-APR loans: 0.1%
- States present: 44
- Top states: CA (212), FL (126), TX (87), NY (86), NJ (46), GA (39), MD (28), PA (21)
What this is not
Not underwriting guidelines. Not a comparison of lenders. Not a description of any lender's programs or current practices. Each row describes one securitized pool, as reported in one filing, on one date - a sponsor-selected subset of what an originator funded. Issuers securitizing privately under Rule 144A file no asset-level data and are absent by construction.
Income and employment verification appear in the file only as raw Schedule AL codes (2 and 2). Their meanings are not asserted here — the filer's codebook is the only authority for what a code means, and this shelf published 48 codebook fields.
underwritingIndicator is recorded upstream but omitted here: filers apply it inconsistently and it cannot be read as an exception rate. Verification codes are raw and are not comparable across filers. LTV carries a per-shelf comparability flag.
Method: how these figures are computed. Data generated 2026-08-25 from the filing above.