| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 135.0 | 16.9% | 80.1% | 5.54% fxd | 0.22 | 2025-08-15 | A-1+ | F1+ |
| Class A-2a | 215.2 | 27.0% | 53.1% | 5.37% fxd | 1.05 | 2028-02-15 | AAA | AAA |
| Class A-2b | 70.0 | 8.8% | 44.3% | +62 bps SOFR | 1.05 | 2028-02-15 | AAA | AAA |
| Class A-3 | 190.2 | 23.8% | 20.5% | 4.98% fxd | 2.35 | 2030-02-15 | AAA | AAA |
| Class B | 36.7 | 4.6% | 15.9% | 5.18% fxd | 3.13 | 2030-06-17 | AA | AA |
| Class C | 57.0 | 7.1% | 8.7% | 5.35% fxd | 3.53 | 2030-06-17 | A | A |
| Class D | 39.9 | 5.0% | 3.7% | — | — | 2031-07-15 | — | — |
| Class E | 29.9 | 3.7% | 0.0% | — | — | 2031-08-15 | — | — |
| 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 | Wells Fargo Securities, Mizuho Securities, MUFG Securities Americas |
| WOSAT 2024-A | WOSAT 2023-A | WOSAT 2021-A | |
|---|---|---|---|
| Collateral (pool at cut-off) | |||
| Closing date | 2024-07-24 | 2023-03-15 | 2021-09-22 |
| Pool balance | $797.9MM | $931.8MM | $1,061.1MM |
| WA Credit Score | 655+6 | 651 | 647 |
| WA APR | 10.80%+2.08pp | 9.19% | 8.26% |
| WA original term mo | 74.5−0.0 | 74.5 mo | 74.5 mo |
| % new vehicles | 90.7% | 84.4% | 86.2% |
| Reserve % | 0.50% | 0.50% | 0.40% |
| Geo top-3 | FL 54.1% GA 19.9% AL 10.6% | — | FL 53.1% GA 20.6% NC 9.8% |
| Structure (at issuance) | |||
| AAA spread | +62 bps+12bps | +85 bps | +14 bps |
| AAA % of pool | 59.6%+2.2pp | 54.9% | 59.9% |
| Subordination below AAA | 20.5%+2.0pp | 19.0% | 18.0% |
| OC (initial) | 3.00% | 6.35% | 5.00% |
| OC target | 6.00% | 8.35% | 10.00% |
| OC floor | 1.00% | 2.00% | 2.00% |
| YSOC | — | — | — |
| Tranches | 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 2024-A | BLAST 2024-3 | HART 2024-B | GMCAR 2024-3 | CMXS 2024-A | FCAOT 2024-B | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-07-24 | 2024-07-24 | 2024-07-24 | 2024-07-10 | 2024-06-26 | 2024-06-24 |
| Pool balance | $797.9MM | $800.0MM | $1,925.2MM | $1,420.3MM | $666.7MM | $1,999.5MM |
| WA Credit Score | 655−100 | 554 | 768 | 783 | 603 | 755 |
| WA APR | 10.80%+4.82pp | 21.30% | 5.98% | 5.69% | 16.06% | 4.65% |
| WA original term mo | 74.5+7.2 | 65.0 mo | 67.3 mo | 69.0 mo | 68.5 mo | 64.8 mo |
| % new vehicles | 90.7% | 0.1% | 96.5% | 87.7% | 0.0% | 93.6% |
| Reserve % | 0.50% | 1.50% | 0.25% | 0.24% | 6.25% | 0.23% |
| Geo top-3 | FL 54.1% GA 19.9% AL 10.6% | TX 13.0% FL 12.8% GA 8.6% | TX 12.4% CA 12.2% FL 10.4% | TX 14.5% FL 7.5% MI 5.2% | CA 15.2% TX 14.4% FL 9.4% | TX 16.0% CA 8.5% FL 8.4% |
| Structure (at issuance) | ||||||
| AAA spread | +62 bps+23bps | — | +37 bps | +36 bps | +73 bps | +40 bps |
| AAA % of pool | 59.6%−10.4pp | 30.0% | 70.5% | 71.4% | 54.5% | 70.0% |
| Subordination below AAA | 20.5%+16.0pp | 43.0% | 4.5% | 3.0% | 22.8% | 4.3% |
| OC (initial) | 3.00% | 15.00% | 3.00% | 1.50% | 6.25% | 2.00% |
| OC target | 6.00% | 20.00% | 3.00% | 2.00% | 14.35% | 2.00% |
| OC floor | 1.00% | 3.25% | 3.00% | 2.00% | 0.50% | 2.00% |
| YSOC | — | n.a. | 6.43% | 4.40% | n.a. | 7.87% |
| Tranches | 8 | 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.
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 (30 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.