| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 241.4 | 18.5% | 75.4% | 4.41% fxd | 0.26 | 2026-02-17 | A-1+ | F1+ |
| Class A-2a | 309.8 | 23.7% | 51.6% | 4.49% fxd | 1.11 | 2028-04-17 | AAA | AAA |
| Class A-2b | 110.0 | 8.4% | 43.2% | +33 bps SOFR | 1.11 | 2028-04-17 | AAA | AAA |
| Class A-3 | 419.8 | 32.1% | 11.1% | 4.73% fxd | 2.63 | 2030-03-15 | AAA | AAA |
| Class A-4 | 89.3 | 6.8% | 4.2% | 4.86% fxd | 3.86 | 2030-11-15 | AAA | AAA |
| Class B | 36.8 | 2.8% | 1.4% | 5.08% fxd | 3.88 | 2030-11-15 | AA | AA |
| Class C | 18.4 | 1.4% | 0.0% | 5.17% fxd | 3.88 | 2031-10-15 | A | A |
| Sponsor | World Omni Financial Corp |
|---|---|
| Servicer | World Omni Financial Corp. |
| Depositor / Transferor | Omni Financial Corp |
| Indenture Trustee | U.S. Bank Trust Company, National Association |
| Owner Trustee | Wilmington Trust, National Association |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | Barclays Capital, BofA Securities, U.S. Bancorp Investments, MUFG Securities Americas |
| WOART 2025-A | WOART 2024-C | WOART 2024-B | WOART 2024-A | WOART 2023-D | WOART 2023-C | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2025-01-29 | 2024-08-20 | 2024-05-22 | 2024-02-14 | 2023-11-08 | 2023-08-16 |
| Pool balance | $1,305.7MM | $1,312.6MM | $1,335.1MM | $1,343.7MM | $1,119.4MM | $1,163.5MM |
| WA Credit Score | 7560 | 756 | 757 | 757 | 756 | 756 |
| WA APR | 6.61%+0.07pp | 6.67% | 7.32% | 6.54% | 6.13% | 5.86% |
| WA original term mo | 68.2+0.6 | 68.1 mo | 68.3 mo | 67.6 mo | 67.4 mo | 67.6 mo |
| % new vehicles | 95.6% | 96.2% | 95.3% | 95.6% | 95.5% | 94.8% |
| Reserve % | 0.23% | 0.23% | 0.23% | 0.23% | 0.19% | 0.19% |
| Geo top-3 | FL 49.1% GA 18.2% NC 17.8% | — | FL 43.8% GA 19.9% NC 16.8% | FL 47.9% GA 18.3% NC 15.8% | FL 44.7% GA 19.6% NC 16.6% | FL 44.9% GA 19.6% NC 16.1% |
| Structure (at issuance) | ||||||
| AAA spread | +33 bps−9bps | — | +43 bps | +34 bps | +58 bps | +41 bps |
| AAA % of pool | 71.1%+3.5pp | 35.4% | 70.9% | 71.2% | 67.6% | 66.7% |
| Subordination below AAA | 4.2%+0.1pp | 4.2% | 4.2% | 4.1% | 4.0% | 4.0% |
| OC (initial) | — | — | — | — | — | — |
| OC target | 0.90% | 0.90% | 0.90% | 1.15% | 1.15% | 1.15% |
| OC floor | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| YSOC | 4.86% | 7.77% | 6.11% | 6.75% | 8.92% | 8.86% |
| Tranches | 7 | 7 | 7 | 7 | 7 | 7 |
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
| WOART 2025-A | TAOT 2025-A | MBART 2025-1 | GMCAR 2025-1 | VALET 2024-1 | FCAOT 2024-D | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2025-01-29 | 2025-01-29 | 2025-01-23 | 2025-01-15 | 2024-11-26 | 2024-11-22 |
| Pool balance | $1,305.7MM | $1,977.2MM | — | $1,644.9MM | $1,749.4MM | $1,683.4MM |
| WA Credit Score | 756−13 | 769 | 761 | 781 | 774 | 754 |
| WA APR | 6.61%+0.60pp | 6.01% | 7.96% | 6.08% | 4.68% | 4.79% |
| WA original term mo | 68.2+2.9 | 65.7 mo | 67.5 mo | 13.0 mo | — | 64.9 mo |
| % new vehicles | 95.6% | 91.0% | 40.2% | 87.9% | 80.0% | 94.2% |
| Reserve % | 0.23% | 0.25% | — | 0.24% | 0.22% | 0.23% |
| Geo top-3 | FL 49.1% GA 18.2% NC 17.8% | CA 19.7% TX 16.6% PA 4.2% | CA 21.6% TX 16.5% NY 8.8% | TX 13.9% FL 7.0% MI 5.6% | TX 13.9% CA 10.6% FL 8.3% | TX 16.1% CA 8.6% FL 8.5% |
| Structure (at issuance) | ||||||
| AAA spread | +33 bps0bps | +33 bps | +32 bps | +33 bps | +36 bps | +32 bps |
| AAA % of pool | 71.1%+1.6pp | — | — | 73.4% | 68.9% | 69.5% |
| Subordination below AAA | 4.2%+1.2pp | — | — | 3.0% | 0.0% | 4.7% |
| OC (initial) | — | 0.85% | 2.50% | 2.75% | 4.00% | 2.00% |
| OC target | 0.90% | 0.85% | 2.50% | 2.75% | — | 2.00% |
| OC floor | 0.50% | 0.85% | 2.50% | 2.75% | — | 2.00% |
| YSOC | 4.86% | 3.90% | — | 3.13% | 10.68% | 6.20% |
| Tranches | 7 | 6 | 5 | 7 | 5 | 7 |
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
Left: per-series cumulative NET loss at matched seasoning 10-D (10-D servicer distribution reports). IQR band uses a fixed cohort of all peer series with ≥18 months of data (170 series across 9 issuers). Right: portfolio-level 60+ DQ rate aggregated across all active deals per issuer (calendar time, last 3 years), from ABS-EE loan-level data ABS-EE.
World Omni Financial Corp — ticker WOART.
Peer tier: prime.
Open in Explorer ↗ for
FICO sub-band and new/used stratification.