| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 143.0 | 11.3% | 18.25% | 0.17 | 3.83% | +14 I-curve | 2027-03-15 | A-1+ | F1+ |
| Class A-2a | 275.0 | 21.8% | 18.25% | 1.06 | 4.02% | +43 I-curve | 2028-12-15 | AAA | AAA |
| Class A-2b | 139.0 | 11.0% | 18.25% | 1.06 | floating | +43 SOFR | 2028-12-15 | AAA | AAA |
| Class A-3 | 414.0 | 32.8% | 18.25% | 2.17 | 4.14% | +51 I-curve | 2029-05-15 | AAA | AAA |
| Class A-4 | 65.0 | 5.1% | 18.25% | 2.49 | 4.23% | +60 I-curve | 2030-04-15 | AAA | AAA |
| Class B | 63.2 | 5.0% | 13.25% | 2.58 | 4.43% | +80 I-curve | 2030-04-15 | AA | AA |
| Class Cretained | 44.2 | 3.5% | 9.75% | 2.65 | 4.52% | — | 2031-09-15 | A | A |
Enhancement: subordinate notes, overcollateralization and reserve beneath the class, as a share of the pool net of any yield supplement (the adjusted pool, as the issuers and rating agencies measure it); the Class A notes share losses pari passu, so each carries the same figure. Spread: basis points over the benchmark named beside it, from the pricing term sheet — the interpolated curve for fixed-rate classes, 30-day average SOFR for floaters; the two are not comparable. A class marked retained was kept by the depositor, as the prospectus states.
| Sponsor | World Omni Financial Corp. |
|---|---|
| Servicer | World Omni Financial Corp. |
| Depositor / Transferor | World Omni Auto Leasing LLC |
| Indenture Trustee | as pledgee |
| Owner Trustee | U.S. Bank Trust National |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | Wells Fargo Securities, BofA Securities, TD Securities, MUFG Securities Americas |
| WOALT 2026-A | WOALT 2025-A | WOALT 2024-A | WOALT 2023-A | WOALT 2022-A | WOALT 2021-A | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2026-03-25 | 2025-03-12 | 2024-04-17 | 2023-05-24 | 2022-04-13 | 2021-07-21 | 424B5 |
| Pool balance | $1,263.3MM | $1,038.4MM | $991.2MM | $935.4MM | $964.5MM | $960.0MM | 424B5 |
| WA Lessee Credit Score | 741−4 | 742 | 747 | 749 | 745 | 743 | 424B5 |
| WA original term mo | 37.7+0.2 | 37.4 mo | 38.3 mo | 38.8 mo | 36.8 mo | 37.5 mo | 424B5 |
| WA Residual % MSRP | 60.2% | 57.0% | 57.4% | 59.2% | 59.7% | 60.1% | calc |
| ALG-marked residuals | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | calc |
| WA Securitization Value | $29,985 | $33,344 | $29,019 | $27,329 | $28,802 | $28,462 | calc |
| Top-3 model concentration | 44.5% | 36.7% | 34.1% | 43.4% | 48.2% | 43.1% | calc |
| Geo top-3 | FL 64.9% NC 12.7% GA 8.7% | 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% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 18.25%−1.00pp | 19.65% | 17.00% | 18.25% | 19.26% | 19.25% | calc |
| Enhancement, target | 21.00% | 21.40% | 18.75% | 20.00% | 21.26% | 20.75% | calc |
| Subordinate notes | 8.5%+4.7pp | 5.5% | 4.7% | 3.8% | 3.8% | 3.8% | calc |
| Initial OC | 9.50% | 13.65% | 11.75% | 14.00% | 15.00% | 15.00% | 424B5 |
| Target OC | 12.25% | 15.40% | 13.50% | 15.75% | 17.00% | 16.50% | 424B5 |
| Reserve account | 0.25% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 424B5 |
| Pricing | |||||||
| AAA spread | +51 bps−2bps A-3 · 2.2y | +53 bps A-3 · 2.2y | +64 bps A-3 · 2.3y | +108 bps A-3 · 2.0y | +48 bps A-3 · 1.9y | +7 bps A-3 · 2.1y | FWP |
| Terms | |||||||
| Discount rate | 10.00% | 10.00% | 10.80% | 11.00% | 8.00% | 5.25% | 424B5 |
| Tranches | 7 | 6 | 6 | 6 | 5 | 5 | FWP |
Enhancement: subordinate notes, overcollateralization and the reserve account as a share of the cutoff-date pool — the losses the pool can absorb before the AAA term notes are touched. AAA spread: the pricing spread over the interpolated curve for the fixed-rate AAA class whose weighted-average life is nearest two years, with that class and its WAL shown; floating-rate classes are never used. Source: 424B5 = final prospectus, FWP = pricing term sheet, calc = derived from the above. Deltas are against the peer median; green means more protection, or a cheaper price for it, for the noteholder.
| WOALT 2026-A | VWALT 2026-A | NALT 2026-A | GMALT 2026-1 | FCALT 2026-A | MBALT 2026-A | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2026-03-25 | 2026-03-24 | 2026-02-26 | 2026-02-12 | 2026-01-26 | 2026-01-21 | 424B5 |
| Pool balance | $1,263.3MM | $1,994.2MM | $1,422.1MM | $1,111.8MM | $1,560.5MM | $1,500.0MM | 424B5 |
| WA Lessee Credit Score | 741−33 | 774 | 773 | 781 | 763 | 786 | 424B5 |
| WA original term mo | 37.7+1.3 | — | 36.0 mo | 35.0 mo | 36.8 mo | 40.2 mo | 424B5 |
| WA Residual % MSRP | 60.2% | 47.3% | 52.9% | 53.1% | 49.9% | 43.9% | calc |
| ALG-marked residuals | 100.0% | 97.4% | 99.8% | 92.7% | 86.8% | 95.9% | calc |
| WA Securitization Value | $29,985 | $33,479 | $30,043 | $35,418 | $35,735 | $52,634 | calc |
| Top-3 model concentration | 44.5% | 48.3% | 42.2% | 36.2% | 55.8% | 20.1% | calc |
| Geo top-3 | FL 64.9% NC 12.7% GA 8.7% | CA 19.6% FL 14.3% NY 11.8% | NY 16.7% NJ 15.5% FL 11.2% | MI 27.5% NY 13.2% FL 9.1% | MI 30.9% NY 10.2% CA 8.9% | CA 29.2% FL 14.0% NY 11.8% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 18.25%−0.55pp | 14.50% | 19.55% | 18.80% | 20.15% | 13.25% | calc |
| Enhancement, target | 21.00% | 18.00% | — | 19.30% | 22.15% | 14.75% | calc |
| Subordinate notes | 8.5%+1.4pp | 0.0% | 7.1% | 8.5% | 12.9% | 0.0% | calc |
| Initial OC | 9.50% | 14.25% | 12.10% | 10.00% | 7.00% | 13.00% | 424B5 |
| Target OC | 12.25% | 17.75% | — | 10.50% | 9.00% | 14.50% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.40% | 0.25% | 0.25% | 0.25% | 424B5 |
| Pricing | |||||||
| AAA spread | +51 bps+7bps A-3 · 2.2y | +54 bps A-3 · 2.0y | +44 bps A-3 · 2.0y | +35 bps A-3 · 1.8y | +44 bps A-3 · 2.0y | +43 bps A-3 · 2.2y | FWP |
| Terms | |||||||
| Discount rate | 10.00% | 9.95% | 10.00% | 8.75% | 8.90% | 10.40% | 424B5 |
| Tranches | 7 | 5 | 7 | 6 | 8 | 5 | FWP |
Enhancement: subordinate notes, overcollateralization and the reserve account as a share of the cutoff-date pool — the losses the pool can absorb before the AAA term notes are touched. AAA spread: the pricing spread over the interpolated curve for the fixed-rate AAA class whose weighted-average life is nearest two years, with that class and its WAL shown; floating-rate classes are never used. Source: 424B5 = final prospectus, FWP = pricing term sheet, calc = derived from the above. Deltas are against the peer median; green means more protection, or a cheaper price for it, for the noteholder.
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
| Latest CRR | 103.91% |
|---|---|
| Realized G/L (% of scheduled) | 3.91% |
| Returned vehicles to date | 157 |
CRR = realized residual ÷ scheduled residual on returned vehicles. >100% = pool recovered above booked residuals.