# EDGAR Filing Document

**Accession Number:** 0001654238
**File Stem:** 0000929638-26-002201
**Filing Date:** 2026-6
**Character Count:** 10738
**Document Hash:** 5ab9b734bd24c6682fca94e3c1666c97
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-26-002201.hdr.sgml**: 20260611

**ACCESSION NUMBER**: 0000929638-26-002201

**CONFORMED SUBMISSION TYPE**: 305B2

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260611

**DATE AS OF CHANGE**: 20260611

**EFFECTIVENESS DATE**: 20260611

**FILER**: 

**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:** 305B2
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-292293
- **FILM NUMBER:** 261082338

**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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________

#### FORM T-1

STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

Check if an application to determine eligibility of a Trustee

pursuant to Section 305 (b)(2) _**<u>X</u>**___

_______________________

### CITIBANK, N.A.
(Exact name of trustee as specified in its charter)

---

| | |
|:---|:---|
| **A National Banking Association** | **13-5266470** |
| (Jurisdiction of Incorporation or organization if not a U.S. national bank) | (I.R.S. Employer Identification Number) |
| **399 Park Ave., New York, NY** | **10043** |
| (Address of principal executive office) | (Zip Code) |

---

#### Jennifer Morris

#### Citibank, N.A.<br> 388 Greenwich St.<br> New York, NY 10013<br> (714) 845-4097
(Name, address and telephone number of agent for service)

_____________________________

#### EXETER AUTOMOBILE RECEIVABLES TRUST 2026-3
(Exact name of obligor as specified in its charter)

---

| | |
|:---|:---|
| **Delaware** | **41-6729953** |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification Number) |
| **2101 W. John Carpenter Freeway**<br> **Irving, Texas** | **75063** |
| (Address of principal executive offices) | (Zip Code) |

---

_________________________

#### Asset-Backed Notes
(Title of the indenture securities)

------

Item 1. General Information.

Furnish the following information as to the trustee:

<br> (a) Name and address of each examining or supervising authority to which it is subject.

<br> <u>Name</u> <u>Address</u>

<br> Comptroller of the Currency Washington, D.C.

<br> Federal Reserve Bank of New York New York, NY

33 Liberty Street

New York, NY

<br> Federal Deposit Insurance Corporation Washington, D.C.

<br> (b) Whether it is authorized to exercise corporate trust powers.

Yes.

Item 2. Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

Items 3. -15. Not Applicable

Item 16. List of Exhibits.

List below all exhibits filed as a part of this Statement of Eligibility.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as exhibits hereto.

Exhibit 1 - Copy of Articles of Association of the Trustee, as now in effect (Exhibit 1 to T-1 to Registration Statement No. 2-79983).

Exhibit 2 - Copy of certificate of authority of the Trustee to commence business (Exhibit 2 to T-1 to Registration Statement No. 2-29577).

Exhibit 3 - Copy of authorization of the Trustee to exercise corporate trust powers (Exhibit 3 to T-1 to Registration Statement No. 2-55519).

Exhibit 4 - Copy of existing By-Laws of the Trustee (Exhibit 4 to T-1 to Registration Statement No. 33-34988).

Exhibit 5 - Not applicable.

Exhibit 6 - The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939 (Exhibit 6 to T-1 to Registration Statement No. 33-19227).

Exhibit 7 - Copy of the latest Report of Condition of Citibank, N.A. (as of March 31, 2026 - attached).

Exhibit 8 - Not applicable.

Exhibit 9 - Not applicable.

__________________

------

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, Citibank, N.A., a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York and State of New York, on the 11<sup>th</sup> day of June, 2026.

---

| | |
|:---|:---|
| CITIBANK, N.A. | CITIBANK, N.A. |
| By  | <u>/s Jennifer Morris</u> |
|  | Jennifer Morris |
|  | Senior Trust Officer |

---

------

#### Exhibit 7<br>

#### CITIGROUP CONSOLIDATED BALANCE SHEET
(In millions of dollars)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | | |  | **1Q26 Increase/<br> (Decrease) from** | **1Q26 Increase/<br> (Decrease) from** |
|  | **March 31,**<br> **2025** | **June 30,**<br> **2025** | **September 30,**<br> **2025** | **December 31,**<br> **2025** | **March 31,**<br> **2026<sup>(1)</sup>** | **4Q25** | **1Q25** |
| **Assets** | | | | | |  |  |
| Cash and due from banks (including segregated cash and other deposits) | $24463 | $24991 | $23545 | $23717 | $23625 | - | (3%) |
| Deposits with banks, net of allowance | 283868 | 312482 | 324515 | 325862 | 362097 | 11% | 28% |
| Securities borrowed and purchased under agreements to resell, net of allowance | 390215 | 323892 | 321347 | 356195 | 353094 | (1%) | (10%) |
| Brokerage receivables, net of allowance | 57440 | 64029 | 75992 | 62679 | 91720 | 46% | 60% |
| Trading account assets | 518577 | 568558 | 562254 | 537139 | 593473 | 10% | 14% |
| Investments |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Available-for-sale debt securities | 225180 | 235802 | 246227 | 246720 | 257822 | 4% | 14% |
| &nbsp;&nbsp;&nbsp;&nbsp; Held-to-maturity debt securities, net of allowance | 220385 | 206094 | 197092 | 189831 | 178503 | (6%) | (19%) |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 7323 | 7504 | 7413 | 7678 | 7839 | 2% | 7% |
| Total investments | 452888 | 449400 | 450732 | 444229 | 444164 | - | (2%) |
| Loans |  |  |  |  |  |  |  |
| &nbsp;&nbsp; Consumer<sup>(2)</sup> | 386312 | 395759 | 398628 | 408533 | 402391 | (2%) | 4% |
| &nbsp;&nbsp; Corporate<sup>(3)</sup> | 315744 | 329586 | 335277 | 343697 | 359225 | 5% | 14% |
| Loans, net of unearned income | 702056 | 725345 | 733905 | 752230 | 761616 | 1% | 8% |
| Allowance for credit losses on loans (ACLL) | (18726) | (19123) | (19206) | (19247) | (19636) | (2%) | (5%) |
| &nbsp;&nbsp; Total loans, net | 683330 | 706222 | 714699 | 732983 | 741980 | 1% | 9% |
| Goodwill | 19422 | 19878 | 19126 | 19098 | 18997 | (1%) | (2%) |
| Intangible assets (including MSRs) | 4430 | 4409 | 4330 | 4284 | 4305 | - | (3%) |
| Premises and equipment, net of depreciation and amortization | 30814 | 32312 | 32819 | 33339 | 33574 | 1% | 9% |
| Other assets, net of allowance | 106067 | 116599 | 113116 | 117677 | 110658 | (6%) | 4% |
| **Total assets** | $**2571514** | $**2622772** | $**2642475** | $**2657202** | $**2777687** | **5%** | **8%** |
| **Liabilities** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-interest-bearing deposits in U.S. offices | $122472 | $119898 | $116921 | $121610 | $122083 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing deposits in U.S. offices | 562628 | 575709 | 592728 | 613052 | 634812 | 4% | 13% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. deposits | 685100 | 695607 | 709649 | 734662 | 756895 | 3% | 10% |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-interest-bearing deposits in offices outside the U.S. | 82215 | 86458 | 83920 | 87041 | 86004 | (1%) | 5% |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing deposits in offices outside the U.S. | 549095 | 575668 | 590360 | 581870 | 603341 | 4% | 10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total international deposits | 631310 | 662126 | 674280 | 668911 | 689345 | 3% | 9% |
| Total deposits | 1316410 | 1357733 | 1383929 | 1403573 | 1446240 | 3% | 10% |
| Securities loaned and sold under agreements to repurchase | 403959 | 347913 | 349726 | 348098 | 369585 | 6% | (9%) |
| Brokerage payables | 78302 | 90949 | 89596 | 74836 | 111224 | 49% | 42% |
| Trading account liabilities | 148688 | 163952 | 160243 | 162798 | 185266 | 14% | 25% |
| Short-term borrowings | 49139 | 55560 | 54760 | 51878 | 72056 | 39% | 47% |
| Long-term debt | 295684 | 317761 | 315846 | 315827 | 307566 | (3%) | 4% |
| Other liabilities, plus allowances<sup>(4)</sup> | 66074 | 74774 | 74498 | 86370 | 73178 | (15%) | 11% |
| **Total liabilities** | $**2358256** | $**2408642** | $**2428598** | $**2443380** | $**2565115** | **5%** | **9%** |
| **Stockholders' equity** |  |  |  |  |  |  |  |
| Preferred stock | $18350 | $16350 | $19050 | $20050 | $19550 | (2%) | 7% |
| Common stock | 31 | 31 | 31 | 31 | 31 | - | - |
| Additional paid-in capital | 108616 | 108839 | 109010 | 108452 | 107821 | (1%) | (1%) |
| Retained earnings | 209013 | 211674 | 214034 | 215128 | 219542 | 2% | 5% |
| Treasury stock, at cost | (77880) | (79886) | (84932) | (89473) | (95370) | (7%) | (22%) |
| Accumulated other comprehensive income (loss) (AOCI) | (45722) | (43786) | (44170) | (41897) | (40615) | 3% | 11% |
| **Total common equity** | $**194058** | $**196872** | $**193973** | $**192241** | $**191409** | **-** | **(1**<br>**%)** |
| **Total Citigroup stockholders' equity** | $**212408** | $**213222** | $**213023** | $**212291** | $**210959** | **(1**<br>**%)** | **(1**<br>**%)** |
| Noncontrolling interests | 850 | 908 | 854 | 1531 | 1613 | 5% | 90% |
| **Total equity** | **213258** | **214130** | **213877** | **213822** | **212572** | **(1**<br>**%)** | **-** |
| **Total liabilities and equity** | $**2571514** | $**2622772** | $**2642475** | $**2657202** | $**2777687** | **5%** | **8%** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) March 31, 2026 is preliminary.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Consumer loans include loans managed by USCC, Wealth, and All Other—Legacy Franchises (other than Mexico small business and middle-market banking (Mexico
 SBMM), and the Assets Finance Group (AFG)).

&nbsp;&nbsp;&nbsp;&nbsp;(3) Corporate loans include loans managed by Services, Markets, Banking, and All Other—Legacy Franchises—Mexico SBMM, and the AFG.

&nbsp;&nbsp;&nbsp;&nbsp;(4) Includes allowance for credit losses for unfunded lending commitments. See page 19.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

<br>