This study discusses vehicle stability control based on explicit nonlinear model predictive control (NMPC) and investigates the influence of prediction model fidelity on controller performance. The explicit solutions are generated through an algorithm using multiparametric quadratic programming (mp-QP) approximations of the multiparametric nonlinear programming (mp-NLP) problems. Controllers with different prediction models are assessed through objective indicators in sine-with-dwell tests. The analysis considers the following prediction model features: 1) nonlinear lateral tire forces as functions of slip angles, which are essential for the operation of the stability controller at the limit of handling. Moreover, a simple nonlinear tire force model with saturation is shown to be an effective alternative to a more complex model based on a simplified version of the Magic Formula; 2) longitudinal and lateral load transfers, playing a crucial role in the accurate prediction of the lateral tire forces and their yaw moment contributions; 3) coupling between longitudinal and lateral tire forces, which has a significant influence on the front-to-rear distribution of the braking forces generated by the controller; and 4) nonlinear peak and stiffness factors of the tire model, with visible yet negligible effects on the results.