DriveTime is back with its second subprime auto loan securitization of the year, according to a presale report published by Standard & Poor’s.

The $288 million DT Auto Trust 2014-2 is backed by a larger percentage of loans with original terms greater than 60 months, 85.6% of the loan pool, compared with 82.3% in the issuer’s previous deal, series 2014-1, which was completed in January. 

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.