Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement Nos. 333-233850 and 333-233850-03
EFCAR, LLC 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 EFCAR, LLC has filed with the SEC for more complete information about EFCAR, LLC, Exeter Automobile Receivables Trust 2021-2 and this offering. You may get these documents for free
by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, EFCAR, LLC, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611.
Free Writing Prospectus dated May 20, 2021
$847,590,000(1) Automobile Receivables Backed Notes
Exeter Automobile Receivables Trust 2021-2
Issuing Entity
EFCAR, LLC
Depositor
Exeter Finance LLC
Sponsor and Servicer
The depositor has prepared a preliminary prospectus, dated May 20, 2021, which describes the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class B Notes, the Class C Notes
and the Class D Notes (the “publicly offered notes”) to be issued by the issuing entity. You should review the preliminary prospectus in its entirety before deciding to purchase any of the
publicly offered notes.
Ratings
It is a condition to the issuance of the publicly offered notes that they receive at least the indicated ratings from Moody’s Investors Service, Inc. (“Moody’s”) and S&P Global Ratings (“S&P” and, together with Moody’s, the “rating agencies”)
listed below.
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Moody’s
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S&P
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Class A-1 Notes
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P-1 (sf)
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A-1+ (sf)
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Class A-2 Notes
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Aaa (sf)
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AAA (sf)
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Class A-3 Notes
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Aaa (sf)
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AAA (sf)
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Class B Notes
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Aa2 (sf)
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AA (sf)
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Class C Notes
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A2 (sf)
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A (sf)
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Class D Notes
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Baa3 (sf)
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BBB (sf)
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Represents the aggregate initial principal amount of the publicly offered notes if the aggregate initial principal amount of the notes is $900,010,000. The aggregate initial principal
amount of the notes may be $1,200,030,000, in which case the aggregate initial principal amount of the publicly offered notes will be $1,130,130,000.
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A security rating is not a recommendation to buy, sell or hold notes. The ratings of the notes address the likelihood of the payment of principal and interest on the notes according to
their terms. Each of the rating agencies will monitor its ratings using its normal surveillance procedures. Any rating agency may change or withdraw an assigned rating at any time. If this happens, no person or entity will be obligated to provide
any additional credit enhancement for the notes. Any rating action taken by one rating agency may not necessarily be taken by the other rating agency.
None of the sponsor, the depositor, the holding trust, the servicer, the backup servicer, the seller, the indenture trustee, the owner trustee, the lockbox bank, the asset representations
reviewer or any of their respective affiliates will be required to monitor any changes to the ratings of the notes.
Joint Bookrunners
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Deutsche Bank Securities
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Citigroup
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Co-Managers
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Barclays
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Blackstone Capital Markets
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Citizens Capital Markets
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Wells Fargo Securities
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