# EDGAR Filing Document

**Accession Number:** 0001654238
**File Stem:** 0000929638-25-002665
**Filing Date:** 2025-7
**Character Count:** 4317
**Document Hash:** 2cfe3d6e2bb0015c5914b866c4c200b8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-25-002665.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0000929638-25-002665

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250723

**DATE AS OF CHANGE**: 20250722

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Exeter Select Automobile Receivables Trust 2025-2
- **CENTRAL INDEX KEY:** 0002073963
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-268757-15
- **FILM NUMBER:** 251141361

**BUSINESS ADDRESS:**
- **STREET 1:** 2101 W. JOHN CARPENTER FREEWAY
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75063
- **BUSINESS PHONE:** (214) 572-8276

**MAIL ADDRESS:**
- **STREET 1:** 2101 W. JOHN CARPENTER FREEWAY
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75063
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EFCAR, LLC
- **CENTRAL INDEX KEY:** 0001654238
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 453969432
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 2101 W. JOHN CARPENTER FREEWAY
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75063
- **BUSINESS PHONE:** (214) 572-8276

**MAIL ADDRESS:**
- **STREET 1:** 2101 W. JOHN CARPENTER FREEWAY
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75063

Free Writing Prospectus

Filed Pursuant to Rule 433

Dated July 22, 2025

Registration Statement Nos. 333-268757 and 333-268757-15

\*\*\*PRICING DETAILS\*\*\* $349.793mm Exeter Select Automobile Receivables Trust (ESART 2025-2)

Joint Bookrunners : J.P. Morgan (struc), Wells Fargo

Co-Managers : Citi, Deutsche Bank, Mizuho

TOTAL OFFERED

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| CL | AMT($MM) | AMT($MM) | WAL | S&P | P.WIN | E.FNL | L.FNL | BENCH | SPREAD | YLD% | CPN% | $PX |
| A1 | 47.000 | 44.650 | 0.18 | A-1+ | 1-5 | 12/25 | 08/26 | I-Curve | +19 | 4.531 | 4.531 | 100.00000 |
| A2 | 131.470 | 124.896 | 1.11 | AAA | 5-23 | 06/27 | 06/29 | I-Curve | +57 | 4.591 | 4.54 | 99.99189 |
| A3 | 73.685 | 70.000 | 2.39 | AAA | 23-35 | 06/28 | 08/30 | I-Curve | +67 | 4.476 | 4.43 | 99.98925 |
| B | 26.840 | 25.498 | 3.12 | AA | 35-41 | 12/28 | 11/31 | I-Curve | +90 | 4.682 | 4.63 | 99.97997 |
| C | 43.660 | 41.477 | 3.70 | A | 41-50 | 09/29 | 12/31 | I-Curve | +115 | 4.963 | 4.91 | 99.99193 |
| D | 38.560 | 36.632 | 4.52 | BBB | 50-59 | 06/30 | 01/32 | I-Curve | +155 | 5.405 | 5.34 | 99.97971 |
| E | 6.990 | 6.640 | 4.88 | BB | 59-59 | 06/30 | 02/33 | I-Curve | +310 | 6.974 | 6.87 | 99.98065 |

---

Expected Settle : 07/30/2025 Registration : A1-D: SEC-Reg; E: 144a/RegS

First Pay Date : 08/15/2025 ERISA Eligible : A1-D: Yes; E: No

Expected Ratings : S&P Px Speed : 1.40% ABS to 5% Clean-Up Call

Ticker : ESART 2025-2 Min Denoms : A1-D: $1k x $1k

Bill & Deliver : J.P. Morgan E : $92k x $1k

Expected Pricing : PRICED Available Information:

CUSIPS : A1 30185EAA1 \* Preliminary Prospectus : Attached

A2 30185EAB9 \* Preliminary FWP : Attached

A3 30185EAC7 \* Preliminary OM : Attached

B 30185EAD5 \* DealRoadshow.com : ESART252

C 30185EAE3 \* IntexNet/CDI : Attached

D 30185EAF0 \* Dealname : XESART252

E 30185EAG8 \* Password : A7XU

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The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling 800-408-1016 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com.

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