Document

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K

 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the fiscal year ended December 31, 2024

 or

 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the transition period from ________________ to ______________________

 Commission file number of the issuing entity 333-261801-09
 CIK number of issuing entity 0002033569

 GM Financial Automobile Leasing Trust 2024-3
 (Exact name of issuing entity as specified in its charter)

 Commission File Number of depositor 333-261801
 CIK number of depositor 0001631055

 GMF LEASING LLC
 (Exact name of depositor as specified in its charter)

 Commission File Number of sponsor 001-13329
 CIK number of sponsor 0001002761

 AMERICREDIT FINANCIAL SERVICES, INC.
 (Exact name of sponsor as specified in its charter)

 Delaware

 99-6777524

 (State or other jurisdiction of incorporation or organization)

 (I.R.S. Employer Identification No.)

 AmeriCredit Financial Services, Inc. (as originator)

 801 Cherry Street, Suite 3500

 Fort Worth, TX

 76102

 (Address of principal executive offices)

 (Zip Code)

 Registrant's telephone number, including area code (817) 302-7000

 Securities registered pursuant to Section 12(b) of the Act None

 Securities registered pursuant to Section 12(g) of the Act None

 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

 Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

 Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

 Large accelerated filer

 Accelerated filer

 Non-accelerated filer

 Smaller reporting company

 Emerging growth company

 If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.

 If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.

 Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to § 240.10D-1(b).

 Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).

 State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.

 Not applicable to this registrant.

 DOCUMENTS INCORPORATED BY REFERENCE

 List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g. Part I, Part II, etc.) into which the document is incorporated (1) Any annual report to security holders (2) Any proxy or information statement and (3) Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980).

 None.

 The following Items have been omitted in accordance with General Instruction J to Form 10-K

 ITEM 1.
 BUSINESS

 ITEM 1A.
 RISK FACTORS

 ITEM 1C.
 CYBERSECURITY

 ITEM 2.
 PROPERTIES

 ITEM 3.
 LEGAL PROCEEDINGS

 ITEM 1B. UNRESOLVED STAFF COMMENTS

 None.

 ITEM 4. MINE SAFETY DISCLOSURES

 Not applicable.

 The following Items have been omitted in accordance with General Instruction J to Form 10-K

 ITEM 5.
 MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

 ITEM 6.
 RESERVED

 ITEM 7.
 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 ITEM 7A.
 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 ITEM 8.
 FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

 ITEM 9.
 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

 ITEM 9A.
 CONTROLS AND PROCEDURES

 ITEM 9B. OTHER INFORMATION

 None.

 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

 None.

 The following Items have been omitted in accordance with General Instruction J to Form 10-K

 ITEM 10.
 DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

 ITEM 11.
 EXECUTIVE COMPENSATION

 ITEM 12.
 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

 ITEM 13.
 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

 ITEM 14.
 PRINCIPAL ACCOUNTANT FEES AND SERVICES

 ITEM 15. EXHIBIT AND FINANCIAL STATEMENT SCHEDULES

 (a)

 (1)
 Not applicable

 (2)
 Not applicable

 (3)
 As reported under clause (b)

 (b)

 Exhibit Number

 Description

 Exhibit 3.2

 Amended and Restated Limited Liability Company Agreement, dated March 1, 2023, among GMF Leasing LLC and AmeriCredit Financial Services, Inc., as Member.

 Exhibit 4.1

 Indenture, dated as of August 20, 2024, among GM Financial Automobile Leasing Trust 2024-3, AmeriCredit Financial Services, Inc., d b a GM Financial, as Servicer, and Computershare Trust Company, N.A., as Indenture Trustee (incorporated by reference from Exhibit 4.1 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2024-3 with the SEC on October 4, 2024).

 Exhibit 4.3

 Amended and Restated Trust Agreement, dated as of August 20, 2024, between GMF Leasing LLC, as Depositor, and Wilmington Trust Company, as Owner Trustee (incorporated by reference from Exhibit 4.3 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2024-3 with the SEC on October 4, 2024).

 Exhibit 4.5

 2024-3 Exchange Note Supplement, dated as of August 20, 2024, among ACAR Leasing Ltd., as Borrower, AmeriCredit Financial Services, Inc., d b a GM Financial, as Lender and Servicer, and Computershare Trust Company, N.A., as Administrative Agent and Collateral Agent (incorporated by reference from Exhibit 4.5 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2024-3 with the SEC on October 4, 2024).

 Exhibit 4.5.1

 Third Amended and Restated Credit and Security Agreement, dated as of October 3, 2022, among ACAR Leasing Ltd., as Borrower, AmeriCredit Financial Services, Inc., d b a GM Financial, as Lender and Servicer, and Computershare Trust Company, N.A., as Administrative Agent and Collateral Agent (incorporated by reference from Exhibit 4.5 of the Current Report on Form 8-K filed by ACAR Leasing Ltd. (File No. 333-261801-01) with the SEC on October 4, 2022).

 Exhibit 10.1

 2024-3 Exchange Note Sale Agreement, dated as of August 20, 2024, between AmeriCredit Financial Services, Inc., d b a GM Financial and GMF Leasing LLC, as Depositor (incorporated by reference from Exhibit 10.1 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2024-3 with the SEC on October 4, 2024).

 Exhibit 10.2

 2024-3 Exchange Note Transfer Agreement, dated as of August 20, 2024, between GMF Leasing LLC., as Transferor and GM Financial Automobile Leasing Trust 2024-3, as Transferee (incorporated by reference from Exhibit 10.2 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2024-3 with the SEC on October 4, 2024).

 Exhibit 10.3

 Fourth Amended and Restated Servicing Agreement, dated as of October 3, 2022, among ACAR Leasing Ltd., as Titling Trust, AmeriCredit Financial Services, Inc., d b a GM Financial, as Servicer, APGO Trust, as Settlor, and Computershare Trust Company, N.A., as Collateral Agent (incorporated by reference from Exhibit 10.3 of the Current Report on Form 8-K filed by ACAR Leasing Ltd. (File No. 333-261801-01) with the SEC on October 4, 2022).

 Exhibit 10.4

 2024-3 Servicing Supplement, dated as of August 20, 2024, among ACAR Leasing Ltd, as Titling Trust, AmeriCredit Financial Services, Inc., d b a GM Financial, as Servicer, and Computershare Trust Company, N.A., as Indenture Trustee and Collateral Agent (incorporated by reference from Exhibit 10.4 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2024-3 with the SEC on October 4, 2024).

 Exhibit 10.5

 Asset Representations Review Agreement, dated as of August 20, 2024, among GM Financial Automobile Leasing Trust 2024-3, AmeriCredit Financial Services, Inc., d b a GM Financial and Clayton Fixed Income Services LLC, as Asset Representation Reviewer (incorporated by reference from Exhibit 10.5 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2024-3 with the SEC on October 4, 2024).

 Exhibit 31.1

 Rule 13a-14(a) 15d-14(a) Certification (Section 302 Certification).

 Exhibit 33.1

 Management's Assertion Regarding Compliance with Applicable Servicing Criteria concerning servicing activities of AmeriCredit Financial Services, Inc. and its subsidiaries for the year ended December 31, 2024.

 Exhibit 33.2

 Assessment of Compliance with Applicable Servicing Criteria (Computershare Trust Company, N.A.)

 Exhibit 34.1

 Report of Independent Registered Public Accounting Firm (Ernst Young LLP).

 Exhibit 34.2

 Report of Independent Registered Public Accounting Firm (PricewaterhouseCoopers LLP)

 Exhibit 35.1

 Servicer Compliance Statement of AmeriCredit Financial Services, Inc.

 Exhibit 99.1

 Administration Agreement, dated as of August 20, 2024, among GMF Leasing LLC, as Depositor, AmeriCredit Financial Services, Inc., d b a GM Financial, as Administrator, Computershare Trust Company, N.A., as Indenture Trustee (incorporated by reference from Exhibit 99.1 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2024-3 with the SEC on October 4, 2024).

 (c) Not applicable.

 ITEM 16. FORM 10-K SUMMARY

 None.

 SUBSTITUTE INFORMATION INCLUDED IN ACCORDANCE WITH GENERAL INSTRUCTION J TO FORM 10-K

 ITEM 1112(b) OF REGULATION AB. SIGNIFICANT OBLIGORS OF POOL ASSETS (FINANCIAL INFORMATION)

 There is no single obligor that represents more than 10% of the pool assets.

 ITEM 1114(b)(2) OF REGULATION AB. CREDIT ENHANCEMENT AND OTHER SUPPORT, EXCEPT FOR CERTAIN DERIVATIVE INSTRUMENTS (FINANCIAL INFORMATION)

 There is no external credit enhancement or other support provider that is liable to provide payments supporting any notes or certificates issued by the Issuing Entity.

 ITEM 1115(b) OF REGULATION AB. CERTAIN DERIVATIVE INSTRUMENTS (FINANCIAL INFORMATION)

 No entity provides any derivative instruments that are used to alter the payment characteristics of the cash flows from the Issuing Entity.

 ITEM 1117 OF REGULATION AB. LEGAL PROCEEDINGS

 The sponsor is subject to various pending and potential legal and regulatory proceedings in the ordinary course of business, including litigation, arbitration, claims, investigations, examinations, subpoenas and enforcement proceedings. Some litigation against the sponsor could take the form of class actions. The outcome of these proceedings is inherently uncertain, and thus the sponsor cannot confidently predict how or when proceedings will be resolved. An adverse outcome in one or more of these proceedings could result in substantial damages, settlements, fines, penalties, diminished income or reputational harm to the sponsor, and could materially and adversely affect the interests of the noteholders or the servicer's ability to perform its duties under the Transaction Documents.

 ITEM 1119 OF REGULATION AB. AFFILIATIONS AND CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

 Information required by Item 1119 of Regulation AB has been omitted from this report on Form 10-K in reliance on the Instruction to Item 1119.

 ITEM 1122 OF REGULATION AB. COMPLIANCE WITH APPLICABLE SERVICING CRITERIA.

 The following documents are filed as part of this report.

 Exhibit Number

 Description

 Exhibit 33.1

 Management's Assertion Regarding Compliance with Applicable Servicing Criteria concerning servicing activities of AmeriCredit Financial Services, Inc. and its subsidiaries for the year ended December 31, 2024.

 Exhibit 33.2

 Assessment of Compliance with Applicable Servicing Criteria (Computershare Trust Company, N.A.)

 Exhibit 34.1

 Report of Independent Registered Public Accounting Firm (Ernst Young LLP).

 Exhibit 34.2

 Report of Independent Registered Public Accounting Firm (PricewaterhouseCoopers LLP)

 The Servicer has complied, in all material respects, with the Applicable Servicing Criteria.

 ITEM 1123 OF REGULATION AB. SERVICER COMPLIANCE STATEMENT

 The following documents are filed as part of this report.

 Exhibit Number

 Description

 Exhibit 35.1

 Servicer Compliance Statement of AmeriCredit Financial Services, Inc.

 SIGNATURES

 Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, GMF Leasing LLC has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 By

 GMF LEASING LLC,

 as Depositor

 By

 s Susan B. Sheffield

 Name
 Susan B. Sheffield

 Title
 Executive Vice President and Chief Financial Officer

 Date
 March 4, 2025

 Supplemental Information to be Furnished With Reports Filed Pursuant to Section 15(d) of the Act by Registrants Which Have Not Registered Securities Pursuant to Section 12 of the Act.

 No annual report, proxy statement, form of proxy or other proxy soliciting material has been sent to certificateholders, and the registrant does not presently contemplate sending any such materials subsequent to the filing of this report.


Document

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K

 (Mark One)

 x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
 EXCHANGE ACT OF 1934

 For the fiscal year ended December 31, 2024

 OR

 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
 EXCHANGE ACT OF 1934

 For the transition period from ______ to ______

 Ford Credit Auto Owner Trust 2024-C
 (Exact name of issuing entity as specified in its charter)
 Commission File Number 333-258040-10
 Central Index Key Number 0002033921

 Ford Credit Auto Receivables Two LLC
 (Exact name of depositor as specified in its charter)
 Commission File Number 333-258040
 Central Index Key Number 0001129987

 Ford Motor Credit Company LLC
 (Exact name of sponsor as specified in its charter)
 Central Index Key Number 0000038009

 Delaware
 (State or other jurisdiction of incorporation of issuing entity)

 93-6904324
 (I.R.S. Employer Identification No. of issuing entity)

 c o U.S. Bank Trust National Association
 1011 Centre Road, Suite 203
 Mail Code EX-DE-WD2D
 Delle Donne Corporate Center
 Wilmington, Delaware
 (Address of principal executive offices of issuing entity)

 19805
 (Zip Code)

 (800) 934-6802
 (Registrant's telephone number, including area code)

 Securities registered pursuant to Section 12(b) of the Act None

 Securities registered pursuant to Section 12(g) of the Act None
 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
 Yes x No

 Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
 Yes x No

 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. x Yes No

 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). x Yes No

 Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a-non-accelerated filer, a smaller reporting company, or emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check One)

 Large Accelerated Filer
 Non-Accelerated Filer x

 Accelerated Filer
 Smaller reporting company
 Emerging growth company

 If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.

 If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.

 Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).

 Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes x No

 State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.
 REGISTRANT HAS NO VOTING OR NON-VOTING COMMON EQUITY OUTSTANDING HELD BY NON-AFFILIATES.

 The following Items have been omitted in accordance with General Instruction J to Form 10-K

 Item 1.
Item 1A.
Item 1C.
Item 2.
Item 3.
 Business
Risk Factors
Cybersecurity
Properties
Legal Proceedings

 Item 1B. Unresolved Staff Comments.

 Item 4. Mine Safety Disclosures.

 Not applicable.

 Substitute information provided in accordance with General Instruction J to Form 10-K

 Item 1112(b) of Regulation AB. Significant Obligors of Pool Assets (Financial Information).

 Item 1114(b)(2) of Regulation AB. Credit Enhancement and Other Support, except for Certain Derivatives Instruments (Financial Information).

 Item 1115(b) of Regulation AB. Certain Derivatives Instruments (Financial Information).

 Item 1117 of Regulation AB. Legal Proceedings.

 The following Items have been omitted in accordance with General Instruction J to Form 10-K

 Item 5.
Item 7.
Item 7A.
Item 8.
Item 9.
Item 9A.
 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
 Management's Discussion and Analysis of Financial Condition and Results of Operations
 Quantitative and Qualitative Disclosures About Market Risk
 Financial Statements and Supplementary Data
 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
 Controls and Procedures

 Item 9B. Other Information.

 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.

 Not applicable.

 The following Items have been omitted in accordance with General Instruction J to Form 10-K

 Item 10.
Item 11.
Item 12.
Item 13.
Item 14.
 Directors, Executive Officers and Corporate Governance
 Executive Compensation
 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
 Certain Relationships and Related Transactions, and Director Independence
 Principal Accountant Fees and Services

 Substitute information provided in accordance with General Instruction J to Form 10-K

 Item 1119 of Regulation AB. Affiliations and Certain Relationships and Related Transactions.
 Information required by Item 1119 of Regulation AB has been omitted from this report on Form 10-K in reliance on the Instruction to Item 1119.

 Item 1122 of Regulation AB. Compliance with Applicable Servicing Criteria.
 Each of Ford Motor Credit Company LLC ("Ford Credit") and The Bank of New York Mellon ("BNYM") (each, a "Servicing Participant") has been identified by the registrant as a party participating in the servicing function during the reporting period with respect to the pool assets held by Ford Credit Auto Owner Trust 2024-C (the "Trust"). Each of the Servicing Participants has completed a report on an assessment of compliance with the servicing criteria applicable to such Servicing Participant (each, a "Report on Assessment") as of December 31, 2024 and for the period from September 1, 2024 through December 31, 2024, which Reports on Assessment are attached as exhibits to this Form 10-K. In addition, each of the Servicing Participants has provided an attestation report (each, an "Attestation Report") by an independent registered public accounting firm regarding its related Report on Assessment, which Attestation Reports are attached as exhibits to this Form 10-K.
 Each of the BNYM Report on Assessment and the BNYM Attestation Report identified material instances of noncompliance with the servicing criterion set forth in Item 1122(d)(3)(ii) as further described in the reports. The servicing functions under the servicing criterion set forth in Item 1122(d)(3)(ii) (the "Relevant Functions") are considered shared servicing criteria with respect to Ford Credit's Platform (as defined in Ford Credit's Report on Assessment), meaning that each of Ford Credit and BNYM take responsibility for certain aspects of the Relevant Functions. As noted in Ford Credit's Report on Assessment, with respect to Ford Credit's Platform, Ford Credit participates in the Relevant Functions insofar as it provides allocation and remittance information to BNYM. BNYM is responsible for all other aspects of the Relevant Functions in respect of Ford Credit's Platform.
 BNYM has confirmed to the Trust that no material instances of noncompliance with respect to the servicing criterion set forth in Item 1122(d)(3)(ii) and described in the BNYM Report on Assessment and the BNYM Attestation Report involved the servicing of the assets backing the asset-backed securities issued by the Trust or the asset-backed securities themselves. BNYM has confirmed to the Trust that the material instances of noncompliance with respect to the servicing criterion set forth in Item 1122(d)(3)(ii) and described in the BNYM Report on Assessment and the BNYM Attestation Report concern activities related to asset-backed securities transactions that are backed by an asset type other than the assets backing the asset-backed securities issued by the Trust.
 Neither the Ford Credit Report on Assessment nor the Ford Credit Attestation Report has identified any material instances of noncompliance with the servicing criteria described in the Ford Credit Report on Assessment as being applicable to Ford Credit

 Item 1123 of Regulation AB. Servicing Compliance Statement.
 Ford Credit has been identified by the registrant as a servicer during the reporting period with respect to the pool assets held by the Trust. Ford Credit has provided a statement of compliance for the reporting period, signed by an authorized officer, and such compliance statement is attached as an exhibit to this Form 10-K.

 Item 15. Exhibits and Financial Statement and Schedules.

 (a) List of Documents Filed as Part of this Report
 (1) Not applicable.
 (2) Not applicable.

 (3) See Item 15(b) below.
 (b) Exhibits Required by Item 601 of Regulation S-K

 Exhibit Number

 Description

 3.1

 Amended Certificate of Formation of Ford Credit Auto Receivables Two LLC ("FCAR Two") (included in Exhibit 3.1 to the Registration Statement No. 333-225949, as filed with the Securities and Exchange Commission (the "Commission") on August 30, 2018, which is incorporated herein by reference).

 3.2

 Second Amended and Restated Limited Liability Company Agreement of FCAR Two (included in Exhibit 3.2 to the Registration Statement No. 333-225949, as filed with the Commission on August 30, 2018, which is incorporated herein by reference).

 4.1

 Indenture, dated as of September 1, 2024, between the Trust and BNYM, as indenture trustee (included in Exhibit 4.1 to the Trust's Form 8-K under Commission File No. 333-258040-10, as filed with the Commission on September 23, 2024, which is incorporated herein by reference).

 10.1

 Amended and Restated Trust Agreement, dated as of September 1, 2024, between FCAR Two and U.S. Bank Trust National Association, as owner trustee (included in Exhibit 10.1 to the Trust's Form 8-K under Commission File No. 333-258040-10, as filed with the Commission on September 23, 2024, which is incorporated herein by reference).

 10.2

 Receivables Purchase Agreement, dated as of September 1, 2024, between Ford Credit and FCAR Two (included in Exhibit 10.2 to the Trust's Form 8-K under Commission File No. 333-258040-10, as filed with the Commission on September 23, 2024, which is incorporated herein by reference).

 10.3

 Sale and Servicing Agreement, dated as of September 1, 2024, between Ford Credit, FCAR Two and the Trust (included in Exhibit 10.3 to the Trust's Form 8-K under Commission File No. 333-258040-10, as filed with the Commission on September 23, 2024, which is incorporated herein by reference).

 10.4

 Administration Agreement, dated as of September 1, 2024, between Ford Credit and the Trust (included in Exhibit 10.4 to the Trust's Form 8-K under Commission File No. 333-258040-10, as filed with the Commission on September 23, 2024, which is incorporated herein by reference).

 10.5

 Account Control Agreement, dated as of September 1, 2024, between BNYM and the Trust (included in Exhibit 10.5 to the Trust's Form 8-K under Commission File No. 333-258040-10, as filed with the Commission on September 23, 2024, which is incorporated herein by reference).

 10.6

 Asset Representations Review Agreement, dated as of September 1, 2024, between Ford Credit, as Servicer, the Trust and Clayton Fixed Income Services LLC, as Asset Representations Reviewer (included in Exhibit 10.6 to the Trust's Form 8-K under Commission File No. 333-258040-10, as filed with the Commission on September 23, 2024, which is incorporated herein by reference).

 31.1

 Certification of Ford Credit pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 33.1

 Report on Assessment of Compliance with Servicing Criteria for Ford Credit.

 33.2

 Report on Assessment of Compliance with Servicing Criteria for BNYM.

 34.1

 Attestation Report of PricewaterhouseCoopers LLP on Assessment of Compliance with Servicing Criteria relating to Ford Credit.

 34.2

 Attestation Report of KPMG LLP on Assessment of Compliance with Servicing Criteria relating to BNYM.

 35.1

 Servicer Compliance Statement of Ford Credit.

 (c) Not applicable.

 SUPPLEMENTAL INFORMATION TO BE FURNISHED
WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF
THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED
SECURITIES PURSUANT TO SECTION 12 OF THE ACT.

 No annual report to security holders, proxy statement, form of proxy or other proxy soliciting material has been sent to security holders or is anticipated to be furnished to security holders subsequent to the filing of this annual report on Form 10-K.

 SIGNATURES

 Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 Ford Credit Auto Owner Trust 2024-C
 (Issuing entity)

 By Ford Motor Credit Company LLC
 (Servicer)

 By s Jason C. Behnke
 Jason C. Behnke
 Vice President - Assistant Treasurer
 (senior officer of Servicer in charge of servicing function)

 March 21, 2025


Document

 UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-K

 ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the fiscal year ended December 31, 2024
 OR

 TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the transition period from ___________ to ____________.

 Ally Auto Receivables Trust 2024-2
 (Exact name of issuing entity as specified in its charter)

 Commission file number of issuing entity 333-262894-06

 Central Index Key Number of issuing entity 0002035124

 Ally Auto Assets LLC
 (Exact name of depositor as specified in its charter)

 Commission file number of depositor 333-286053

 Central Index Key Number of depositor 0001477336

 Ally Bank
 (Exact name of sponsor as specified in its charter)
 Central Index Key Number of sponsor (if applicable) 0001601846

 DELAWARE
 99-6177055

 (State or other jurisdiction of
 (I.R.S. Employer

 incorporation or organization)
 Identification No.)

 Ally Auto Assets LLC
 500 Woodward Avenue
 Detroit, Michigan
 48226
 (Address of principal executive offices)
 (Zip Code)
 (866) 710-4623
 (Registrant's telephone number, including area code)

 Securities registered pursuant to Section 12(b) of the Act None

 Securities registered pursuant to Section 12(g) of the Act None

 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No

 Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of Acts. Yes No

 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No

 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
 Yes No

 Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of large accelerated filer, accelerated filer, non-accelerated filer, smaller reporting company, and emerging growth company in Rule 12b-2 of the Exchange Act.

 Large accelerated filer

 Accelerated filer

 Smaller reporting company

 Non-accelerated filer

 Emerging growth company

 If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.

 If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.

 Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).

 Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No

 State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter. None

 Registrant does not have any voting or non-voting common equity held by non-affiliates.

 Documents incorporated by reference. None

 Ally Auto Receivables Trust 2024-2

 Item 1.

 Business*

 Item 1A.

 Risk Factors*

 Item 1B.

 Unresolved Staff Comments

 Item 1C.

 Cybersecurity*

 Item 2.

 Properties*

 Item 3.

 Legal Proceedings*

 Item 4.

 Mine Safety Disclosures

 Item 5.

 Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities*

 Item 6.

 Reserved *

 Item 7.

 Management's Discussion and Analysis of Financial Condition and Results of Operations*

 Item 7A.

 Quantitative and Qualitative Disclosures About Market Risk*

 Item 8.

 Financial Statements and Supplementary Data*

 Item 9.

 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure*

 Item 9A.

 Controls and Procedures*

 Item 9B.

 Other Information

 Item 9C.

 Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

 Item 10.

 Directors, Executive Officers and Corporate Governance*

 Item 11.

 Executive Compensation*

 Item 12.

 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters*

 Item 13.

 Certain Relationships and Related Transactions and Director Independence*

 Item 14.

 Principal Accounting Fees and Services*

 Item 15.

 Exhibit and Financial Statement Schedules

 Item 16.

 Form 10-K Summary

 * Item is omitted in accordance with General Instruction J to Form 10-K.

 Item 1B. Unresolved Staff Comments.

 None.

 Item 4. Mine Safety Disclosures.

 Not applicable.

 Substitute information provided in accordance with General Instruction J to Form 10-K

 Item 1112(b) of Regulation AB. Significant Obligors of Pool Assets (Financial Information).

 There are no significant obligors with respect to the pool assets held by Ally Auto Receivables Trust 2024-2 (the "Issuing Entity").

 Item 1114(b)(2) of Regulation AB. Credit Enhancement and Other Support, Except for Certain Derivatives Instruments (Financial Information).

 No entity or group of affiliated entities provides any external credit enhancement or other support with respect to either payment of the pool assets held by the Issuing Entity or payments on the notes (the "Notes") or certificates (the "Certificates") issued by the Issuing Entity.

 Item 1115(b) of Regulation AB. Certain Derivatives Instruments (Financial Information).

 No entity or group of affiliated entities provides any derivative instruments that are used to alter the payment characteristics of the cashflows from the Issuing Entity.

 Item 1117 of Regulation AB. Legal Proceedings.

 There are no current legal proceedings pending, or to the best knowledge of management of such entity, threatened, against the Issuing Entity, the sponsor, the servicer or the depositor that, if determined adversely to such party, would be expected to have a material adverse effect on the performance of the notes.

 The owner trustee has represented to the Issuing Entity that it is not a party to any current legal proceedings, nor is its management aware of any legal proceedings threatened against it that, if determined adversely to such party, would be expected to have a material adverse effect on the performance of the notes.

 The indenture trustee has provided the following information for inclusion in this report on Form 10-K

 U.S. Bank National Association ("U.S. Bank") and other large financial institutions have been sued in their capacity as trustee or successor trustee for certain residential mortgage backed securities ( RMBS) trusts. The complaints, primarily filed by investors or investor groups against U.S. Bank and similar institutions, allege the trustees caused losses to investors as a result of alleged failures by the sponsors, mortgage loan sellers and servicers to comply with the governing agreements for these RMBS trusts. Plaintiffs generally assert causes of action based upon the trustees' purported failures to enforce repurchase obligations of mortgage loan sellers for alleged breaches of representations and warranties, notify securityholders of purported events of default allegedly caused by breaches of servicing standards by mortgage loan servicers and abide by a heightened standard of care following alleged events of default.

 U.S. Bank denies liability and believes that it has performed its obligations under the RMBS trusts in good faith, that its actions were not the cause of losses to investors, that it has meritorious defenses, and it has contested and intends to continue contesting the plaintiffs' claims vigorously. However, U.S. Bank cannot assure you as to the outcome of any of the litigation, or the possible impact of these litigations on the trustee or the RMBS trusts.

 On March 9, 2018, a law firm purporting to represent fifteen Delaware statutory trusts (the "DSTs") that issued securities backed by student loans (the "Student Loans") filed a lawsuit in the Delaware Court of Chancery against U.S. Bank National Association ("U.S. Bank") in its capacities as indenture trustee and successor special servicer, and three other institutions in their respective transaction capacities, with respect to the DSTs and the Student Loans. This lawsuit is captioned The National Collegiate Student Loan Master Trust I, et al. v. U.S. Bank National Association, et al., C.A. No. 2018-0167-JRS (Del. Ch.) (the "NCMSLT Action"). The complaint, as amended on June 15, 2018, alleged that the DSTs have been harmed as a result of purported misconduct or omissions by the defendants concerning administration of the trusts and

 special servicing of the Student Loans. Since the filing of the NCMSLT Action, certain Student Loan borrowers have made assertions against U.S. Bank concerning special servicing that appear to be based on certain allegations made on behalf of the DSTs in the NCMSLT Action.

 U.S. Bank has filed a motion seeking dismissal of the operative complaint in its entirety with prejudice pursuant to Chancery Court Rules 12(b)(1) and 12(b)(6) or, in the alternative, a stay of the case while other prior filed disputes involving the DSTs and the Student Loans are litigated. On November 7, 2018, the Court ruled that the case should be stayed in its entirety pending resolution of the first-filed cases. On
 January 21, 2020, the Court entered an order consolidating for pretrial purposes the NCMSLT Action and three other lawsuits pending in the Delaware Court of Chancery concerning the DSTs and the Student Loans, which remains pending.

 U.S. Bank denies liability in the NCMSLT Action and believes it has performed its obligations as indenture trustee and special servicer in good faith and in compliance in all material respects with the terms of the agreements governing the DSTs and that it has meritorious defenses. It has contested and intends to continue contesting the plaintiffs' claims vigorously.

 Item 9B. Other Information.

 None.

 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.

 Not applicable.

 Substitute information provided in accordance with General Instruction J to Form 10-K

 Item 1119 of Regulation AB. Affiliations and Certain Relationships and Related Transactions.

 Information required by Item 1119 of Regulation AB has been omitted from this report on Form 10-K in reliance on the Instruction to Item 1119. The information has been provided previously in a Prospectus, dated September 24, 2024, filed by the Issuing Entity, pursuant to Rule 424(b)(5) of the Securities Act of 1933 on September 26, 2024.

 Item 1122 of Regulation AB. Compliance with Applicable Servicing Criteria.

 Each of Ally Bank and U.S. Bank Trust Company, National Association (each, a "Servicing Participant") has been identified by the registrant as a party participating in the servicing function with respect to the pool assets held by the Issuing Entity during the reporting period. Each of the Servicing Participants has completed a report on an assessment of compliance with the servicing criteria applicable to such Servicing Participant (each, a "Report on Assessment") during the Issuing Entity's year ended December 31, 2024, which Reports on Assessment are attached as exhibits to this Form 10-K. In addition, each of the Servicing Participants has provided an attestation report (each, an "Attestation Report") by a registered independent public accounting firm regarding its related Report on Assessment. Each Attestation Report is attached as an exhibit to this Form 10-K.

 None of the Reports on Assessment or the related Attestation Reports has identified any material instances of noncompliance with the servicing criteria described in the related Report on Assessment as being applicable to each such Servicing Participant.

 Item 1123 of Regulation AB. Servicer Compliance Statement.

 Ally Bank has been identified as the servicer during the reporting period with respect to the pool assets held by the Issuing Entity. Ally Bank has provided a statement of compliance with the applicable servicing activities (the "Compliance Statement"), signed by an authorized officer, and such Compliance Statement is attached as an exhibit to this Form 10-K.

 Item 15. Exhibit and Financial Statement Schedules.

 (a)
 List the following documents filed as a part of the report

 (1)
 Financial Statements — Not Applicable.

 (2)
 Financial Statement Schedules — Not Applicable.

 (3)
 Exhibits

 •
 Second Amended and Restated Limited Liability Company Agreement of Ally Auto Assets LLC, dated as of November 7, 2018.

 •
 Indenture between Ally Auto Receivables Trust 2024-2 and U.S. Bank Trust Company, National Association, as Indenture Trustee, dated as of September 27, 2024.

 •
 Trust Agreement between Ally Auto Assets LLC, as Depositor and BNY Mellon Trust of Delaware, as Owner Trustee and Paying Agent, dated as of September 27, 2024.

 •
 Pooling Agreement between Ally Bank, as Seller, and Ally Auto Assets LLC, dated as of September 27, 2024.

 •
 Rule 13a-14(d) 15d-14(d) Certification (Section 302 Certification).

 •
 Report on Assessment of Compliance with SEC Regulation AB Servicing Criteria concerning activities of Ally Bank for the year ended December 31, 2024.

 •
 Report on Assessment of Compliance with SEC Regulation AB Servicing Criteria concerning activities of U.S. Bank Trust Company, National Association for the year ended December 31, 2024.

 •
 Registered Public Accounting Firm Attestation Report on Assessment of Compliance with applicable Servicing Criteria of Ally Bank dated March 12, 2025 for the year ended December 31, 2024.

 •
 Registered Public Accounting Firm Attestation Report on Assessment of Compliance with applicable Servicing Criteria of U.S. Bank Trust Company, National Association dated February 27, 2025 for the year ended December 31, 2024.

 •
 Servicer Compliance Statement of Ally Bank for the year ended December 31, 2024.

 •
 Trust Sale Agreement between Ally Auto Assets LLC, as Depositor, and Ally Auto Receivables Trust 2024-2, as Issuing Entity, dated as of September 27, 2024.

 •
 Custodian Agreement between Ally Bank, as Custodian, and Ally Auto Assets LLC, as Depositor, dated as of September 27, 2024.

 •
 Administration Agreement among Ally Auto Receivables Trust 2024-2, as Issuing Entity, Ally Bank, as Administrator, and U.S. Bank Trust Company, National Association, as Indenture Trustee, dated as of September 27, 2024.

 •
 Servicing Agreement among Ally Bank, as Servicer, Ally Auto Assets LLC, as Depositor, and Ally Auto Receivables Trust 2024-2, as Issuing Entity, dated as of September 27, 2024.

 •
 Asset Representations Review Agreement among Ally Auto Receivables Trust 2024-2, as Issuing Entity, Ally Bank, as Sponsor, and Clayton Fixed Income Services LLC, as Asset Representations Reviewer, dated as of September 27, 2024.

 •
 Securities Account Control Agreement among Ally Auto Receivables Trust 2024-2, as Issuing Entity, U.S. Bank Trust Company, National Association, as Indenture Trustee, and U.S. Bank National Association, as Securities Intermediary, dated as of September 27, 2024.

 Item 16. Form 10-K Summary.

 None.

 Signature

 Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 Ally Auto Assets LLC, as Depositor

 s Elliot Kahan

 Elliot Kahan

 President

 (Senior Officer in charge of securitization of the depositor)

 Date March 25, 2025

 Index of Exhibits

 Exhibit

 Description

 Method of Filing

 3.1

 Second Amended and Restated Limited Liability Company Agreement of Ally Auto Assets LLC, dated as of November 7, 2018.

 **

 4.1

 Indenture between Ally Auto Receivables Trust 2024-2 and U.S. Bank Trust Company, National Association, as Indenture Trustee, dated as of September 27, 2024.

 *

 4.2

 Trust Agreement between Ally Auto Assets LLC, as Depositor and BNY Mellon Trust of Delaware, as Owner Trustee and Paying Agent, dated as of September 27, 2024.

 *

 4.3

 Pooling Agreement between Ally Bank, as Seller, and Ally Auto Assets LLC, dated as of September 27, 2024.

 *

 31.1

 Certification of Executive Officer Pursuant to Rule 13a-14(d) 15d-14(d).

 33.1

 Report on Assessment of Compliance with SEC Regulation AB Servicing Criteria concerning activities of Ally Bank for the year ended December 31, 2024.

 33.2

 Report on Assessment of Compliance with SEC Regulation AB Servicing Criteria concerning activities of U.S. Bank Trust Company, National Association for the year ended December 31, 2024.

 34.1

 Registered Public Accounting Firm Attestation Report on Assessment of Compliance with applicable Servicing Criteria of Ally Bank dated March 12, 2025 for the year ended December 31, 2024.

 34.2

 Registered Public Accounting Firm Attestation Report on Assessment of Compliance with applicable Servicing Criteria of U.S. Bank Trust Company, National Association, dated February 27, 2025 for the year ended December 31, 2024.

 35.1

 Servicer Compliance Statement of Ally Bank for the year ended December 31, 2024.

 99.1

 Trust Sale Agreement between Ally Auto Assets LLC, as Depositor, and Ally Auto Receivables Trust 2024-2, as Issuing Entity, dated as of September 27, 2024.

 *

 99.2

 Custodian Agreement between Ally Bank, as Custodian, and Ally Auto Assets LLC, as Depositor, dated as of September 27, 2024.

 *

 99.3

 Administration Agreement among Ally Auto Receivables Trust 2024-2, as Issuing Entity, Ally Bank, as Administrator, and U.S. Bank Trust Company, National Association, as Indenture Trustee, dated as of September 27, 2024.

 *

 99.4

 Servicing Agreement among Ally Bank, as Servicer, Ally Auto Assets LLC, as Depositor, and Ally Auto Receivables Trust 2024-2, as Issuing Entity, dated as of September 27, 2024.

 *

 99.5

 Asset Representations Review Agreement among Ally Auto Receivables Trust 2024-2, as Issuing Entity, Ally Bank, as Sponsor, and Clayton Fixed Income Services LLC, as Asset Representations Reviewer, dated as of September 27, 2024.

 *

 99.6

 Securities Account Control Agreement among Ally Auto Receivables Trust 2024-2, as Issuing Entity, U.S. Bank Trust Company, National Association, as Indenture Trustee, and U.S. Bank National Association, as Securities Intermediary, dated as of September 27, 2024.

 *

 *
 Incorporated by reference to the corresponding Exhibit to the Issuing Entity's Current Report on Form 8-K filed on September 27, 2024. (File No. 333-262894-06).

 **
 Incorporated by reference to Exhibit 3.1 of Ally Auto Assets LLC's Form SF-3 Registration Statement filed on March 24, 2025 (File No. 333-286053).