CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2022-2
Statement to Securityholders
Determination Date: September 11, 2024
|
Payment Date
|
9/16/2024
|
Collection Period Start
|
8/1/2024
|
Collection Period End
|
8/31/2024
|
Interest Period Start
|
8/15/2024
|
Interest Period End
|
9/15/2024
|
|
Cut-Off Date Net Pool Balance
|
$
|
2,066,663,591.84
|
Cut-Off Date Adjusted Pool Balance
|
$
|
1,899,113,714.12
|
I. DEAL SUMMARY
|
Beginning Note
Balance
|
Principal Payment
|
Ending Note Balance
|
Note Factor
|
Final Scheduled Payment Date
|
Class A-1 Notes
|
$
|
-
|
$
|
-
|
$
|
-
|
-
|
Aug-23
|
Class A-2a Notes
|
$
|
-
|
$
|
-
|
$
|
-
|
-
|
Sep-25
|
Class A-2b Notes
|
$
|
-
|
$
|
-
|
$
|
-
|
-
|
Sep-25
|
Class A-3 Notes
|
$
|
571,742,378.08
|
$
|
36,508,579.35
|
$
|
535,233,798.73
|
0.847157
|
May-27
|
Class A-4 Notes
|
$
|
160,110,000.00
|
$
|
-
|
$
|
160,110,000.00
|
1.000000
|
Dec-27
|
Class B Notes
|
$
|
19,000,000.00
|
$
|
-
|
$
|
19,000,000.00
|
1.000000
|
Jan-28
|
Class C Notes
|
$
|
19,000,000.00
|
$
|
-
|
$
|
19,000,000.00
|
1.000000
|
Feb-28
|
Class D Notes
|
$
|
19,000,000.00
|
$
|
-
|
$
|
19,000,000.00
|
1.000000
|
Nov-28
|
Total Notes
|
$
|
788,852,378.08
|
$
|
36,508,579.35
|
$
|
752,343,798.73
|
|
Beginning Balance
|
Ending Balance
|
Pool Factor
|
Net Pool Balance
|
$
|
855,322,140.34
|
$
|
815,594,323.99
|
0.394643
|
YSOC Amount
|
$
|
61,721,977.97
|
$
|
58,502,740.97
|
Adjusted Pool Balance
|
$
|
793,600,162.37
|
$
|
757,091,583.02
|
Overcollateralization Amount (Adjusted Pool Balance - Note Balance)
|
$
|
4,747,784.29
|
$
|
4,747,784.29
|
Reserve Account Balance
|
$
|
4,747,784.29
|
$
|
4,747,784.29
|
|
Beginning Note
Balance
|
Interest Rate
|
Accrual Methodology
|
Interest Payment
|
Class A-1 Notes
|
$
|
-
|
2.87200%
|
ACT/360
|
$
|
-
|
Class A-2a Notes
|
$
|
-
|
3.74000%
|
30/360
|
$
|
-
|
Class A-2b Notes
|
$
|
-
|
6.00353%
|
ACT/360
|
$
|
-
|
Class A-3 Notes
|
$
|
571,742,378.08
|
3.66000%
|
30/360
|
$
|
1,743,814.25
|
Class A-4 Notes
|
$
|
160,110,000.00
|
3.69000%
|
30/360
|
$
|
492,338.25
|
Class B Notes
|
$
|
19,000,000.00
|
4.27000%
|
30/360
|
$
|
67,608.33
|
Class C Notes
|
$
|
19,000,000.00
|
4.67000%
|
30/360
|
$
|
73,941.67
|
Class D Notes
|
$
|
19,000,000.00
|
5.40000%
|
30/360
|
$
|
85,500.00
|
Total Notes
|
$
|
788,852,378.08
|
$
|
2,463,202.50
|
II. COLLATERAL POOL BALANCE
|
Beginning of Period
|
End of Period
|
Net Pool Balance
|
$
|
855,322,140.34
|
$
|
815,594,323.99
|
Adjusted Pool Balance (Net Pool Balance - YSOC Amount)
|
$
|
793,600,162.37
|
$
|
757,091,583.02
|
Number of Receivables Outstanding
|
61,388
|
60,164
|
Weighted Average Contract Rate
|
3.56
|
%
|
3.56
|
%
|
Weighted Average Remaining Term (months)
|
36.0
|
35.1
|
III. FUNDS AVAILABLE FOR DISTRIBUTION
|
Available Funds:
|
a. Collections
|
Interest Collections
|
$
|
2,607,548.39
|
Principal Collections
|
$
|
39,408,212.48
|
Liquidation Proceeds
|
$
|
333,623.62
|
b. Repurchase Price
|
$
|
-
|
c. Optional Purchase Price
|
$
|
-
|
d. Reserve Account Excess Amount
|
$
|
-
|
Total Available Funds
|
$
|
42,349,384.49
|
Reserve Account Draw Amount
|
$
|
-
|
Total Funds Available for Distribution
|
$
|
42,349,384.49
|
IV. DISTRIBUTION
|
Calculated Amount
|
Amount Paid
|
Shortfall
|
Carryover Shortfall
|
Remaining Available Funds
|
Servicing Fee
|
$
|
712,768.45
|
$
|
712,768.45
|
$
|
-
|
$
|
-
|
$
|
41,636,616.04
|
Interest - Class A-1 Notes
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
41,636,616.04
|
Interest - Class A-2a Notes
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
41,636,616.04
|
Interest - Class A-2b Notes
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
41,636,616.04
|
Interest - Class A-3 Notes
|
$
|
1,743,814.25
|
$
|
1,743,814.25
|
$
|
-
|
$
|
-
|
$
|
39,892,801.79
|
Interest - Class A-4 Notes
|
$
|
492,338.25
|
$
|
492,338.25
|
$
|
-
|
$
|
-
|
$
|
39,400,463.54
|
First Allocation of Principal
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
39,400,463.54
|
Interest - Class B Notes
|
$
|
67,608.33
|
$
|
67,608.33
|
$
|
-
|
$
|
-
|
$
|
39,332,855.21
|
Second Allocation of Principal
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
39,332,855.21
|
Interest - Class C Notes
|
$
|
73,941.67
|
$
|
73,941.67
|
$
|
-
|
$
|
-
|
$
|
39,258,913.54
|
Third Allocation of Principal
|
$
|
12,760,795.06
|
$
|
12,760,795.06
|
$
|
-
|
$
|
-
|
$
|
26,498,118.48
|
Interest - Class D Notes
|
$
|
85,500.00
|
$
|
85,500.00
|
$
|
-
|
$
|
-
|
$
|
26,412,618.48
|
Fourth Allocation of Principal
|
$
|
19,000,000.00
|
$
|
19,000,000.00
|
$
|
-
|
$
|
-
|
$
|
7,412,618.48
|
Reserve Account Deposit Amount
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
7,412,618.48
|
Regular Principal Distribution Amount
|
$
|
4,747,784.29
|
$
|
4,747,784.29
|
$
|
-
|
$
|
-
|
$
|
2,664,834.19
|
Owner Trustee, Indenture Trustee, and ARR Fees & Expenses
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
2,664,834.19
|
Remaining Funds to Certificates
|
$
|
2,664,834.19
|
$
|
2,664,834.19
|
$
|
-
|
$
|
-
|
$
|
-
|
Total
|
$
|
42,349,384.49
|
$
|
42,349,384.49
|
$
|
-
|
$
|
-
|
V. OVERCOLLATERALIZATION INFORMATION
|
Yield Supplement Overcollateralization Amount:
|
Beginning Period YSOC Amount
|
$
|
61,721,977.97
|
Increase/(Decrease)
|
$
|
(3,219,237.00)
|
Ending YSOC Amount
|
$
|
58,502,740.97
|
|
Overcollateralization:
|
Beginning of Period
|
End of Period
|
Adjusted Pool Balance
|
$
|
793,600,162.37
|
$
|
757,091,583.02
|
Note Balance
|
$
|
788,852,378.08
|
$
|
752,343,798.73
|
Overcollateralization (Adjusted Pool Balance - Note Balance)
|
$
|
4,747,784.29
|
$
|
4,747,784.29
|
Target Overcollateralization Amount
|
$
|
4,747,784.29
|
$
|
4,747,784.29
|
Overcollateralization Shortfall
|
$
|
-
|
$
|
-
|
VI. RESERVE ACCOUNT
|
Specified Reserve Account Balance
|
$
|
4,747,784.29
|
Beginning Reserve Account Balance
|
$
|
4,747,784.29
|
Reserve Account Deposit Amount
|
$
|
-
|
Reserve Account Draw Amount
|
$
|
-
|
Reserve Account Excess Amount
|
$
|
-
|
Ending Reserve Account Balance
|
$
|
4,747,784.29
|
VII. NET LOSS AND DELINQUENT RECEIVABLES
|
Net Loss:
|
% of EOP Net Pool Balance
|
# of Receivables
|
Amount
|
Defaulted Receivables during Collection Period (Principal Balance)
|
0.04%
|
25
|
$
|
319,603.87
|
Liquidation Proceeds of Defaulted Receivables1
|
0.04%
|
185
|
$
|
333,623.62
|
Monthly Net Losses (Liquidation Proceeds)
|
$
|
(14,019.75)
|
Net Losses as % of Average Pool Balance (annualized)
|
Third Preceding Collection Period
|
0.15
|
%
|
Second Preceding Collection Period
|
0.30
|
%
|
Preceding Collection Period
|
0.24
|
%
|
Current Collection Period
|
(0.02)
|
%
|
Four-Month Average Net Loss Ratio
|
0.17
|
%
|
Cumulative Net Losses for All Periods
|
$
|
4,846,872.25
|
Cumulative Net Loss Ratio
|
0.23
|
%
|
1 Liquidation Proceeds include all proceeds on a receivable after it has been charged-off.
|
|
Delinquent Receivables:
|
% of EOP Net Pool Balance
|
# of Receivables
|
Principal Balance
|
30-59 Days Delinquent
|
0.38%
|
164
|
$
|
3,135,801.70
|
60-89 Days Delinquent
|
0.15%
|
63
|
$
|
1,194,810.33
|
90-119 Days Delinquent
|
0.03%
|
15
|
$
|
235,692.27
|
120+ Days Delinquent
|
0.00%
|
0
|
$
|
-
|
Total Delinquent Receivables
|
0.56%
|
242
|
$
|
4,566,304.30
|
|
Repossession Inventory:
|
# of Receivables
|
Principal Balance
|
Repossessed in the Current Collection Period
|
8
|
$
|
131,482.65
|
Total Repossessed Inventory
|
21
|
$
|
338,099.46
|
|
60+ Delinquency Percentage:
|
# of Receivables
|
Amount
|
60+ Day Delinquent Receivables
|
78
|
$
|
1,430,502.60
|
60+ Delinquencies as % of EOP Net Pool Balance
|
Third Preceding Collection Period
|
0.15
|
%
|
Second Preceding Collection Period
|
0.12
|
%
|
Preceding Collection Period
|
0.13
|
%
|
Current Collection Period
|
0.18
|
%
|
Delinquency Trigger
|
4.50
|
%
|
Current Delinquency Percentage Exceeds Delinquency Trigger? (Yes/No)
|
No
|
VIII. TEMPORARY FORBEARANCE
The table below presents accounts which received a short-term payment extension in the month of August 2024.
|
Month-End Balance
|
# of Receivables
|
($MM)
|
(%)
|
(#)
|
(%)
|
Total Extensions
|
0.79
|
0.10%
|
45
|
0.07%
|