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Bridgecrest Auto Funding LLC

10/18/2024 | Press release | Distributed by Public on 10/18/2024 13:05

Material Event Form 8 K

Item 8.01.

Other Events.

The Registrant is filing the exhibits listed in Item 9.01(d) below in connection with the issuance of Class A-1 Auto Loan Asset Backed Notes (the "Class A-1 Notes"), Class A-2 Auto Loan Asset Backed Notes (the "Class A-2 Notes"), Class A-3 Auto Loan Asset Backed Notes (the "Class A-3 Notes"), Class B Auto Loan Asset Backed Notes (the "Class B Notes"), Class C Auto Loan Asset Backed Notes (the "Class C Notes") and Class D Auto Loan Asset Backed Notes (the "Class D Notes" and, together with the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class B Notes and Class C Notes, the "Publicly Registered Notes") and Class E Auto Loan Asset Backed Notes by Bridgecrest Lending Auto Securitization Trust 2024-4 described in the Prospectus dated October 16, 2024.

This Current Report on Form 8-K is being filed in connection with the issuance of the Publicly Registered Notes to satisfy an undertaking to file unqualified legality and tax opinions at the time of each takedown from the Registration Statement. Copies of the legality and tax opinions delivered by Mayer Brown LLP, counsel to the Registrant, in connection with the issuance of the Publicly Registered Notes are attached hereto as Exhibits 5.1 and 8.1, respectively. A copy of the opinion with respect to enforceability of the Grantor Trust Certificate delivered by Morris James LLP, counsel to Bridgecrest Lending Auto Securitization Grantor Trust 2024-4, in connection with the issuance of the Notes is attached hereto as Exhibit 5.2.