| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Moody's | Fitch |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 117.6 | 17.1% | 72.3% | +29 bps | 0.19 | 2027-08-27 | A-1+ | — | F1+ |
| Class A-2A | 206.9 | 30.1% | 42.2% | +56 bps | 1.18 | 2030-07-27 | AAA | Aaa | AAA |
| Class A-2B | 40.0 | 5.8% | 36.4% | +56 bps SOFR | 1.18 | 2030-07-27 | AAA | Aaa | AAA |
| Class A-3 | 186.9 | 27.2% | 9.3% | +59 bps | 2.84 | 2032-05-27 | AAA | Aaa | AAA |
| Class B | 29.3 | 4.2% | 5.0% | +75 bps | 3.87 | 2032-06-27 | AA | Aa1 | AA |
| Class C | 34.5 | 5.0% | 0.0% | +90 bps | 3.88 | 2034-01-27 | A | A1 | A |
| Sponsor | World Omni Financial Corp |
|---|---|
| Servicer | World Omni Financial Corp |
| Depositor / Transferor | World Omni Financial Corp |
| Indenture Trustee | U.S. Bank Trust Company, National Association |
| Owner Trustee | Wilmington Trust, National Association (“ |
| Asset Rep. Reviewer | — |
| Underwriters | Wells Fargo Securities, Mizuho Securities, MUFG Securities Americas |
| WOSAT 2026-A | WOSAT 2025-A | WOSAT 2024-A | WOSAT 2023-A | WOSAT 2021-A | |
|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||
| Closing date | 2026-07-29 | 2025-09-24 | 2024-07-24 | 2023-03-15 | 2021-09-22 |
| Pool balance | $688.5MM | $835.7MM | $797.9MM | $931.8MM | $1,061.1MM |
| WA Credit Score | 647−4 | 650 | 655 | 651 | 647 |
| WA APR | 9.84%−0.13pp | 10.75% | 10.80% | 9.19% | 8.26% |
| WA original term mo | 74.5+0.0 | 74.5 mo | 74.5 mo | 74.5 mo | 74.5 mo |
| % new vehicles | 97.0% | 94.0% | 90.7% | 84.4% | 86.2% |
| Reserve % | 0.50% | 0.50% | 0.50% | 0.50% | 0.40% |
| Geo top-3 | FL 55.5% GA 18.8% AL 11.0% | FL 57.3% GA 18.5% AL 10.0% | FL 54.1% GA 19.9% AL 10.6% | — | FL 53.1% GA 20.6% NC 9.8% |
| Structure (at issuance) | |||||
| AAA spread | +56 bps−5bps | +60 bps | +62 bps | +85 bps | +14 bps |
| AAA % of pool | 63.0%+3.3pp | 64.2% | 59.6% | 54.9% | 59.9% |
| Subordination below AAA | 9.3%−9.2pp | 11.0% | 20.5% | 19.0% | 18.0% |
| OC (initial) | 10.65% | 9.25% | 3.00% | 6.35% | 5.00% |
| OC target | 13.50% | 11.75% | 6.00% | 8.35% | 10.00% |
| OC floor | — | 1.00% | 1.00% | 2.00% | 2.00% |
| YSOC | — | — | — | — | — |
| Tranches | 6 | 6 | 8 | 8 | 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.
| WOSAT 2026-A | CRVNA 2026-P2 | EARTS 2026-1 | CAOT 2024-1 | |
|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||
| Closing date | 2026-07-29 | 2026-05-27 | 2026-05-15 | 2024-01-24 |
| Pool balance | $688.5MM | $1,100.4MM | $371.1MM | $1,565.7MM |
| WA Credit Score | 647−61 | 708 | 670 | 719 |
| WA APR | 9.84%−1.06pp | 10.54% | 15.74% | 10.90% |
| WA original term mo | 74.5−0.5 | 75.0 mo | 78.0 mo | 65.4 mo |
| % new vehicles | 97.0% | 2.7% | — | 0.0% |
| Reserve % | 0.50% | 0.90% | 1.00% | 1.00% |
| Geo top-3 | FL 55.5% GA 18.8% AL 11.0% | TX 10.2% CA 7.4% FL 6.5% | TX 21.6% CA 9.9% FL 8.4% | CA 16.4% TX 11.3% FL 8.1% |
| Structure (at issuance) | ||||
| AAA spread | +56 bps−6bps | +63 bps | — | +62 bps |
| AAA % of pool | 63.0%−10.4pp | 78.2% | 52.5% | 73.4% |
| Subordination below AAA | 9.3%−2.9pp | 12.2% | 38.1% | 8.0% |
| OC (initial) | 10.65% | 0.00% | 3.25% | 1.00% |
| OC target | 13.50% | 0.90% | 7.10% | 1.00% |
| OC floor | — | 0.90% | 1.50% | 1.00% |
| YSOC | — | n.a. | n.a. | n.a. |
| Tranches | 6 | 8 | 8 | 8 |
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 (40 series across 3 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 WOSAT.
Peer tier: near-prime.
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FICO sub-band and new/used stratification.