Credit standards · Auto loan credit standards
NISSAN AUTO RECEIVABLES
Summary statistics computed from the Form ABS-EE asset-level file for this shelf, filed 2026-08-19. 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.
1,099 loans analysed, sampled systematically (every 20th record) from 21,990 records. CIK 1941405. Source filing.
Distributions
| Measure | 5th | 25th | Median | 75th | 95th |
|---|---|---|---|---|---|
| Credit score | 692 | 736 | 776 | 827 | 869 |
| APR | 0.0% | 1.9% | 2.5% | 3.9% | 5.0% |
| Payment-to-income | 2.2% | 4.4% | 6.8% | 9.5% | 14.8% |
| Term (months) | 60 | 61 | 72 | 73 | 75 |
| Loan-to-value | 59.2% | 85.7% | 102.9% | 115.1% | 128.9% |
| Vehicle model year | 2019 | 2021 | 2021 | 2022 | 2022 |
By credit score band
| Band | Range | Loans | Share | Median APR |
|---|---|---|---|---|
| near prime | 601-660 | 1 | 0.1% | 3.9% |
| prime | 661-780 | 563 | 51.2% | 2.9% |
| super prime | 781-900 | 535 | 48.7% | 1.9% |
Pool composition
- Originators: NMAC (1,099)
- Used vehicles: 7.7%
- Co-obligor present: 30.5%
- Zero-APR loans: 10.4%
- States present: 50
- Top states: CA (145), TX (89), NY (71), FL (69), PA (46), NJ (46), IL (41), OH (41)
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 45 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.