| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 112.0 | 12.8% | 87.2% | 5.50% fxd | 0.23 | 2025-04-15 | A-1+ | — |
| Class A-2a | 85.0 | 9.7% | 77.5% | 5.32% fxd | 1.28 | 2027-02-16 | AAA | AAA |
| Class A-2b | 240.0 | 27.4% | 50.0% | +43 bps SOFR | 1.28 | 2027-02-16 | AAA | AAA |
| Class A-3 | 325.0 | 37.2% | 12.9% | 5.26% fxd | 2.30 | 2027-10-15 | AAA | AAA |
| Class A-4 | 65.7 | 7.5% | 5.4% | 5.25% fxd | 2.64 | 2029-09-17 | AAA | AAA |
| Class B | 47.1 | 5.4% | 0.0% | 5.62% fxd | 2.75 | 2029-09-17 | AA | AA |
| Sponsor | World Omni Financial Corp |
|---|---|
| Servicer | World Omni Financial Corp |
| Depositor / Transferor | World Omni Financial Corp |
| Indenture Trustee | All fees, expenses and other amounts owing to the Owner Trustee pursuant to the Trust Agreement |
| Owner Trustee | U.S. Bank Trust National |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | BofA Securities, TD Securities, Wells Fargo Securities, U.S. Bancorp Investments, MUFG Securities Americas |
| WOALT 2024-A | WOALT 2023-A | WOALT 2022-A | WOALT 2021-A | |
|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||
| Closing date | 2024-04-17 | 2023-05-24 | 2022-04-13 | 2021-07-21 |
| Pool balance | — | — | — | — |
| WA Lessee Credit Score | 747+2 | 749 | 745 | 743 |
| WA original term mo | 38.3+0.8 | 38.8 mo | 36.8 mo | 37.5 mo |
| WA Residual % MSRP | 54.5% | 59.2% | 63.4% | 62.2% |
| ALG-marked residuals | — | — | — | — |
| WA Securitization Value | $991,177,615 | $116,015 | — | — |
| Top-3 model concentration | — | — | — | — |
| Geo top-3 | FL 62.5% NC 15.7% GA 7.7% | FL 63.3% NC 15.9% SC 8.2% | FL 66.8% NC 14.9% SC 6.7% | FL 65.9% NC 14.7% SC 7.3% |
| Structure (at issuance) | ||||
| AAA spread | +43 bps0bps | +76 bps | +43 bps | +4 bps |
| AAA % of pool | 81.8%−2.0pp | 84.7% | 83.4% | 83.8% |
| Initial OC | — | — | — | — |
| Target OC | — | — | — | — |
| Subordination below AAA | 5.4%+1.0pp | 4.4% | 4.4% | 4.4% |
| Total Hard CE (Initial) | — | — | — | — |
| Total Hard CE (Target) | — | — | — | — |
| Discount rate | — | — | — | — |
| Tranches | 6 | 6 | 5 | 5 |
| WOALT 2024-A | GMALT 2024-1 | |
|---|---|---|
| Collateral (pool at cut-off) | ||
| Closing date | 2024-04-17 | 2024-02-15 |
| Pool balance | — | — |
| WA Lessee Credit Score | 747 | 781 |
| WA original term mo | 38.3 | 36.0 mo |
| WA Residual % MSRP | 54.5% | 62.0% |
| ALG-marked residuals | — | — |
| WA Securitization Value | $991,177,615 | $31,305 |
| Top-3 model concentration | — | — |
| Geo top-3 | FL 62.5% NC 15.7% GA 7.7% | MI 31.2% NY 15.1% FL 7.2% |
| Structure (at issuance) | ||
| AAA spread | +43 bps | +45 bps |
| AAA % of pool | 81.8% | 78.5% |
| Initial OC | — | — |
| Target OC | — | — |
| Subordination below AAA | 5.4% | 5.1% |
| Total Hard CE (Initial) | — | — |
| Total Hard CE (Target) | — | — |
| Discount rate | — | — |
| Tranches | 6 | 6 |
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
| Latest CRR | 89.65% |
|---|---|
| Realized G/L (% of scheduled) | -10.35% |
| Returned vehicles to date | 814 |
CRR = realized residual ÷ scheduled residual on returned vehicles. >100% = pool recovered above booked residuals.