# EDGAR Filing Document

**Accession Number:** 0002078220
**File Stem:** 0000929638-25-003106
**Filing Date:** 2025-8
**Character Count:** 4377
**Document Hash:** 42de7caab39ef80f7f05a5f03c8dfa66
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-25-003106.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0000929638-25-003106

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250820

**DATE AS OF CHANGE**: 20250819

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Exeter Automobile Receivables Trust 2025-4
- **CENTRAL INDEX KEY:** 0002078220
- **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:** 333-268757-16
- **FILM NUMBER:** 251233390

**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 August 19, 2025

Registration Statement Nos. 333-268757 and 333-268757-16

\*\*FINAL PRICING DETAILS\*\* $1.244bn ($1.182bn Offered) Exeter (EART 2025-4) Automobile Receivables Trust

Joint Lead Bookrunners: Deutsche Bank (str), Barclays, Citi, and Wells Fargo Securities

Co-Managers: BNP Paribas, Citizens, Mizuho

-- Capital Structure --

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| CL | SIZE($MM) | OFFRD($MM) | WAL\* | M/S\*\* | P.WIN | E MTY. | L MTY. | BNCH | Spread | Yield% | CPN% | PX($) |
| A1 | 117.990 | 112.090 | 0.12 | P-1/A-1+ | 1-3 | 11/25 | 09/15/26 | I-CRV | + 19 | 4.497 | 4.497 | 100.00000 |
| A2 | 266.480 | 253.156 | 0.54 | Aaa/AAA | 3-12 | 08/26 | 03/15/28 | I-CRV | + 54 | 4.582 | 4.530 | 99.99543 |
| A3 | 266.461 | 253.137 | 1.44 | Aaa/AAA | 12-24 | 08/27 | 09/17/29 | I-CRV | + 60 | 4.436 | 4.390 | 99.99244 |
| B | 138.261 | 131.347 | 2.21 | Aaa/AA | 24-30 | 02/28 | 05/15/30 | I-CRV | + 70 | 4.442 | 4.400 | 99.99713 |
| C | 143.195 | 136.035 | 2.81 | Aa3/A | 30-38 | 10/28 | 06/16/31 | I-CRV | + 90 | 4.617 | 4.570 | 99.99174 |
| D | 190.320 | 180.804 | 3.63 | Baa3/BBB | 38-50 | 10/29 | 01/15/32 | I-CRV | + 155 | 5.297 | 5.230 | 99.96898 |
| E | 120.995 | 114.945 | 4.53 | NR/BB- | 50-57 | 05/30 | 04/15/33 | I-CRV | + 330 | 7.099 | 6.990 | 99.97629 |

---

\*WAL Pricing Speed: 1.50% ABS to 5% call

\*\*Expected Ratings

- TRANSACTION SUMMARY -

Size : $1.244bn ($1.182bn Offered)

Exp Ratings : Moody's / S&P

Exp Settle : August 27th, 2025

First Pay : September 15th, 2025

ERISA : A-D = YES; E = NO

Registration: A-D = Public; E= 144A/Reg S/IAI

Min Denoms : A-D = 1K x 1K; E = 1.593M x 1K

BBG Ticker : EART 2025-4 \| SSAP: DBEART254

B&D : Deutsche Bank

Pricing : PRICED

-Available Information-

\* Preliminary Prospectus, Ratings FWP, Offering Memorandum and CDI File (attached)

\* Intex Deal Name: dbeart2504 Password: 676A

\* Deal Roadshow Link: https://dealroadshow.com Passcode: EART254

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The issuer has filed a registration statement (including a prospectus) with the SEC for the new 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 1-800-503-4611.