E-CARAT 7 PLC is the latest British auto loan securitization of new and used Vauxhall Motors-branded vehicle loans originated by GMAC’s UK affiliate.

The UK trust will issue GBP £416.7 million (US$468.18 million) in three classes of senior and subordinate notes secured by the loans, which are predominately private retail (99.41%) sales agreements and contracts, as well as a handful of commercial (0.59%) customers.

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