Statistical Information as of September 30, 2015
Issuing Entity or Trust
Sponsor and Servicer
FORD CREDIT’S U.S. RETAIL INSTALLMENT SALE CONTRACTS
The following table contains information about the retail installment sale contracts purchased by Ford
Credit from motor vehicle dealers during each of the periods indicated.
Origination Characteristics
Nine Months
Ended September 30,
2015 2014
Year Ended December 31,
2014 2013 2012 2011 2010
Aggregate original principal balance (in millions) ................................
Weighted average
(1)
original term
640,640 839,397 764,705
$ 17,431 $ 23,007 $ 20,612
714,226 658,372
$ 18,809 $ 17,083
575,266
$ 14,671
Original term greater than 60 months
(2)
.....................................................
Weighted average at origination
(3)
(1)
FICO
®
score
737 ................................
Weighted average
(1)
FICO
®
score at origination
(3)
for original term greater than 60 months
No FICO
®
score consumer
(2)(4)
Weighted average
Weighted average
(1)
(1)
LTV
(5)
PTI
(6)
Subvened APR-contracts
Commercial use
(2)(8)
New vehicles
(2)
720
................................
(2)(7)
................................
14%
_______________
63.6 63.5 62.2
47.2% 47.0% 40.8%
735
706
1.5%
93%
8.5%
47%
14%
92%
736
707
1.5%
92%
8.4%
45%
15%
92%
734
703
1.0%
90%
8.5%
36%
16%
92%
62.1
40.8%
730
703
1.1%
92%
8.6%
35%
15%
90%
61.2
37.6%
730
704
1.0%
94%
8.6%
47%
15%
90%
60.7
38.7%
(1)
Weighted averages are weighted by the original principal balance of each contract.
(2)
(3)
As a percentage of the original principal balance of contracts purchased during the period.
Excludes contracts that have obligors who did not have FICO
®
scores because they (a) are not individuals and use financed vehicles for commercial purposes, or (b) are individuals with minimal or no recent credit history.
(4)
Contracts with obligors who are individuals with minimal or no recent credit history.
(5)
The LTV for a contract for purposes of this table is the original amount financed divided by (a) for a new vehicle, the dealer invoice amount for the vehicle which may be increased to reflect equipment added to the vehicle and (b) for a used vehicle, the wholesale value of the vehicle determined using a national used vehicle value publication, or the purchase price paid by the dealer at auction
.
(6)
The PTI for a contract is the contract monthly payment amount divided by the monthly combined income of the obligor and any co-obligor. Excludes commercial use contracts and contracts for which PTI is unavailable.
(7)
Contracts originated under a Ford-sponsored low-APR marketing program.
(8)
Contracts with customers who use the financed vehicle for commercial purposes. These customers may be business entities or individuals.
721
700
0.9%
97%
8.8%
59%
13%
90%

FORD CREDIT’S U.S. RETAIL INSTALLMENT SALE CONTRACTS PORTFOLIO PERFORMANCE
The following table shows Ford Credit's delinquency, repossession and credit loss experience for its portfolio of retail installment sale contracts. Delinquency, repossession or credit loss experience may be influenced by a variety of economic, social, geographic and other factors beyond the control of Ford Credit.
Delinquency, Repossession and Credit Loss Information
Nine Months
Ended September 30,
Average number of contracts outstanding
(1)
Average portfolio
2015 outstanding
(in millions)
(2)
................................$ 37,626
2014
1,879,821
$ 34,148
2014
1,895,546
$ 34,646
Delinquencies
Year Ended December 31,
2013 2012 2011
1,866,480
$ 32,475
2,000,202
$ 31,693
2,182,013
$ 31,897
2010
2,445,670
$ 34,673
Average number of delinquencies
(3)(4)
31 - 60 days ................................
35,810
61 - 90 days ................................
3,088
91-120 days ................................
205
Over 120 days ................................
49
Average number of delinquencies as a percentage of average number of contracts outstanding
(3)(4)
31 - 60 days ................................1.50%
61 - 90 days ................................0.13%
91-120 days ................................0.01%
1.90%
0.16%
0.01%
0.00%
Aggregate principal balance
of delinquent contracts as
a percentage of the portfolio
outstanding
(3)(5)
31 - 60 days ................................1.23%
61 - 90 days ................................0.13%
91-120 days ................................0.02%
1.46%
0.13%
0.01%
0.00%
35,617
3,057
212
51
1.88%
0.16%
0.01%
0.00%
1.66%
0.16%
0.02%
0.00%
40,972
3,426
203
63
2.20%
0.18%
0.01%
0.00%
1.92%
0.19%
0.01%
0.00%
Repossessions and Credit Losses
47,906
3,397
223
84
2.40%
0.17%
0.01%
0.00%
2.19%
0.21%
0.01%
0.00%
50,354
3,456
270
88
2.31%
0.16%
0.01%
0.00%
2.08%
0.13%
0.01%
0.00%
54,095
3,563
355
154
2.21%
0.15%
0.01%
0.01%
2.29%
0.16%
0.02%
0.00%
Repossessions as a percentage of average number of contracts outstanding
(8)
................................ 1.12%
Aggregate net losses
(in millions)
(6)
................................
$ 94
Net losses as a percentage of average portfolio outstanding
(6)(8)
................................0.33%
Net losses as a percentage of gross liquidations
(6)(7)
Number of contracts charged
1.22%
$ 73
0.29%
1.22%
$ 113
0.33%
0.49%
25,433
0.57%
34,383
Number of contracts charged off as a percentage of average number of contracts outstanding
(8)
Average net loss on
1.80% 1.81%
$ 2,889 $ 3,292
______________________
1.37%
$ 106
0.33%
0.55%
37,982
2.03%
$ 2,798
1.54%
$ 95
0.30%
0.52%
43,415
2.17%
$ 2,197
2.05%
$ 143
0.45%
0.80%
61,026
2.80%
$ 2,351
2.54%
$ 255
0.74%
1.36%
83,785
3.43%
$ 3,047
(1)
Average of the number of contracts outstanding at the beginning and end of each month in the period.
(2)
Average of the aggregate principal balance of contracts outstanding at the beginning and end of each month in the period.
(3)
The period of delinquency is the number of days that more than $49.99 of a scheduled monthly payment is past due, excluding accounts with bankrupt obligors and accounts that have been repossessed or charged off.
(4)
Average of the number of contracts delinquent at the beginning and end of each month in the period.
(5)
Aggregate principal balance at the end of the period over the aggregate principal balance of all contracts outstanding at the end of the period.
(6)
Beginning in 2015, net losses include the aggregate balance ((i) remaining principal plus accrued finance charges, (ii) external costs associated with repossession and disposition of vehicles incurred both before and after charge off and (iii) external costs associated with continued collection efforts incurred after charge off) of all contracts that the servicer determined to be uncollectible in the period less any amounts received in the period on

contracts charged off in the period or any earlier periods. Starting in 2012 but prior to 2015, net losses included all of the same external costs listed in the first sentence above except for those external costs associated with repossession of vehicles incurred before charge off. Prior to 2012, net losses included all of the same external costs listed in the first sentence above except for those external costs associated with repossession and disposition of vehicles incurred before charge off. In addition, for all periods, net losses include the estimated loss recorded at the time a vehicle is repossessed and this estimated loss is adjusted to reflect the actual loss after the vehicle is sold. Realized losses for a securitized pool of contracts for any period include the aggregate principal balance ((i) remaining principal, (ii) external costs associated with repossession and disposition of vehicles incurred both before and after charge off and (iii) external costs associated with continued collection efforts incurred after charge off) of all contracts that the servicer determined to be uncollectible in the period less any amounts received in the period on contracts charged off in the period. Therefore, realized losses for a securitized pool of contracts may be higher or lower than net losses for those contracts.
(7)
Gross liquidations are cash payments and charge offs that reduce the outstanding balance of a contract.
(8)
For non-annual periods, the percentages are annualized.