| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 130.0 | 14.5% | 85.5% | 4.42% fxd | 0.25 | 2026-03-16 | A-1+ | F1+ |
| Class A-2A | 167.0 | 18.6% | 66.9% | 4.35% fxd | 1.21 | 2027-12-15 | AAA | AAA |
| Class A-2B | 153.0 | 17.1% | 49.8% | +39 bps SOFR | 1.21 | 2027-12-15 | AAA | AAA |
| Class A-3 | 320.0 | 35.7% | 14.1% | 4.42% fxd | 2.22 | 2028-04-17 | AAA | AAA |
| Class A-4 | 69.6 | 7.8% | 6.4% | 4.49% fxd | 2.48 | 2030-05-15 | AAA | AAA |
| Class B | 57.1 | 6.4% | 0.0% | 4.68% fxd | 2.59 | 2030-05-15 | AA | AA |
| Sponsor | World Omni Financial Corp |
|---|---|
| Servicer | World Omni Financial Corp |
| Depositor / Transferor | World Omni Financial Corp |
| Indenture Trustee | as pledgee of the Issuing Entity—is in |
| Owner Trustee | U.S. Bank Trust National |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | BofA Securities, TD Securities, Wells Fargo Securities, MUFG Securities Americas, Mizuho Securities |
| WOALT 2025-A | WOALT 2024-A | WOALT 2023-A | WOALT 2022-A | WOALT 2021-A | |
|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||
| Closing date | 2025-03-12 | 2024-04-17 | 2023-05-24 | 2022-04-13 | 2021-07-21 |
| Pool balance | — | — | — | — | — |
| WA Lessee Credit Score | 742−4 | 747 | 749 | 745 | 743 |
| WA original term mo | 37.4−0.6 | 38.3 mo | 38.8 mo | 36.8 mo | 37.5 mo |
| WA Residual % MSRP | 56.6% | 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 63.0% NC 14.6% GA 7.9% | 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 | +39 bps−4bps | +43 bps | +76 bps | +43 bps | +4 bps |
| AAA % of pool | 79.1%−4.5pp | 81.8% | 84.7% | 83.4% | 83.8% |
| Initial OC | — | — | — | — | — |
| Target OC | — | — | — | — | — |
| Subordination below AAA | 6.4%+1.9pp | 5.4% | 4.4% | 4.4% | 4.4% |
| Total Hard CE (Initial) | — | — | — | — | — |
| Total Hard CE (Target) | — | — | — | — | — |
| Discount rate | — | — | — | — | — |
| Tranches | 6 | 6 | 6 | 5 | 5 |
| WOALT 2025-A | GMALT 2025-1 | FCALT 2025-A | NALT 2025-A | BMWLT 2024-2 | MBALT 2024-B | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2025-03-12 | 2025-02-12 | 2025-01-27 | 2025-01-22 | 2024-10-07 | 2024-09-25 |
| Pool balance | — | $2,183.2MM | $1,560.5MM | $1,914.3MM | $1,468.9MM | $1,135.8MM |
| WA Lessee Credit Score | 742−39 | 781 | 764 | 758 | 789 | 786 |
| WA original term mo | 37.4+1.4 | 35.0 mo | 35.1 mo | 37.0 mo | 36.0 mo | 42.2 mo |
| WA Residual % MSRP | 56.6% | 52.5% | 50.2% | 50.1% | 48.4% | 44.3% |
| ALG-marked residuals | — | 95.9% | 80.1% | 100.0% | 100.0% | 94.0% |
| WA Securitization Value | — | $32,648 | $34,499 | $27,756 | $51,501 | $41,735 |
| Top-3 model concentration | — | 37.9% | 53.6% | 50.5% | 20.7% | 21.6% |
| Geo top-3 | FL 63.0% NC 14.6% GA 7.9% | MI 27.5% NY 15.0% FL 9.1% | MI 38.9% NY 10.8% CA 7.0% | FL 11.6% CA 11.6% TX 7.3% | CA 19.2% FL 13.6% NJ 9.2% | CA 29.3% NY 13.8% FL 13.5% |
| Structure (at issuance) | ||||||
| AAA spread | +39 bps−2bps | +41 bps | +41 bps | — | +42 bps | +66 bps |
| AAA % of pool | 79.1%+13.6pp | 62.9% | 68.5% | 65.6% | 71.8% | 42.1% |
| Initial OC | — | 10.00% | 7.00% | 11.60% | 14.90% | 11.50% |
| Target OC | — | 11.00% | 9.80% | — | 17.40% | 13.00% |
| Subordination below AAA | 6.4%+1.2pp | 7.7% | 12.9% | 5.2% | 0.0% | 0.0% |
| Total Hard CE (Initial) | — | 19.12% | 22.67% | 18.62% | 15.15% | 11.75% |
| Total Hard CE (Target) | — | 20.12% | 25.47% | — | 17.65% | 13.25% |
| Discount rate | — | 9.50% | 9.40% | 10.00% | 11.20% | 10.95% |
| Tranches | 6 | 7 | 8 | 7 | 5 | 5 |
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
| Latest CRR | 111.38% |
|---|---|
| Realized G/L (% of scheduled) | 11.38% |
| Returned vehicles to date | 197 |
CRR = realized residual ÷ scheduled residual on returned vehicles. >100% = pool recovered above booked residuals.