Consumer complaint received 2023-12-21 00:00:00
Product: Vehicle loan or lease — Loan
Issue: Managing the loan or lease — Billing problem
Company: Exeter Finance, LLC.
State: TN

Complaint narrative:
Per Exeter Finance LLC SEC Filings on the SEC.GOV website. 
The depositor, XXXX, XXXX, as registrant, filed with the Securities and Exchange Commission, or the SEC, under the SEC file number XXXX, a registration statement under the Securities Act of 1933, as amended, or the Securities Act, with respect to the notes offered pursuant to this prospectus. This prospectus, which forms a part of the registration statement, omits certain information contained in such registration statement pursuant to the rules and regulations of the SEC.

Exeter Finance LLC, or Exeter, or the sponsor, or the servicer, or the custodian, is a Delaware limited liability company. Exeters principal offices are located at XXXX XXXX XXXX XXXX XXXX, XXXX, Texas XXXX and its main telephone number is ( XXXX ) XXXX. Exeter purchased the pool of sub-prime automobile loan contracts generally without recourse from automobile dealers and third-party direct lenders, or the direct lenders. Exeter will sell the automobile loan contracts to the depositor and Exeter will service the automobile loan contracts on behalf of the holding trust. Exeter will serve as custodian with respect to the automobile loan contracts and the related automobile loan contract files pursuant to the custodian agreement. 

The notes will not be listed on any securities exchange.

You may hold your book-entry notes through XXXX XXXXXXXX XXXX XXXX in the United States or through XXXX XXXX  XXXX XXXX XXXX or ( other than the Class E Notes ) the XXXX XXXX  in XXXX. 
The issuer is the auto receivables trust. 
The notes : are backed by a pledge of assets of the issuing entity and the holding trust. The assets of the issuing entity securing the notes will consist primarily of a non-interest bearing certificate representing 100 % of the equity interest in the holding trust. The assets of the holding trust will include a pool of sub-prime automobile loan contracts secured by new and used automobiles, light duty trucks, minivans and sport utility vehicles. These sub-prime automobile loan contracts are contracts made to borrowers who have experienced prior credit difficulties ; All of the receivables that is going into Exeter 's Trust. Exeter sold my contract into their trust. 
The notes are asset-backed securities issued by the issuing entity and will be paid only from the assets of the issuing entity, including related credit enhancement. The notes represent the obligations of the issuing entity only and do not represent the obligations of or interests in Exeter Finance LLC, XXXX, XXXX or any of their affiliates. 
Neither the notes nor the automobile loan contracts will be insured or guaranteed by any governmental agency or instrumentality. ALL OF THIS CAME FROM THE SEC.GOV FILINGS of the company. 

Exeter Finance purchased the pool of sub-prime automobile loan contracts without recourse ( PER their SEC Filings ). Exeter then sold the automobile loan contracts to the depositor which is XXXX, XXXX, who purchased that pool of loans from the sponsor, Exeter Finance. So, it was first owned by Exeter Finance then bought again by XXXX, XXXX. Once it was bought by XXXX, XXXX it was then sold into the trust and then transferred again. Exeter Finance sold their ownership of my account when they moved it into their trust. Exeter Finance is no longer holding my note.

Exeter Finance is committing Securities Fraud because once my note got into their trust Exeter Finance started selling my note on the secondary market. Exeter Finance also got the XXXX. Exeter Finance turned my note into a security. I have printed the stated parts of their SEC Filings to this complaint along with their transaction Summary.

Company response to consumer: Closed with explanation