| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 130.0 | 15.6% | 20.75% | 0.20 | — | — | 2026-10-15 | A-1+ | F1+ |
| Class A-2a | 285.5 | 34.2% | 20.75% | 1.35 | 4.14% | +60 I-curve | 2030-05-15 | AAA | AAA |
| Class A-2b | 90.0 | 10.8% | 20.75% | 1.35 | floating | +60 SOFR | 2030-05-15 | AAA | AAA |
| Class A-3 | 160.9 | 19.3% | 20.75% | 2.98 | 4.08% | +64 I-curve | 2031-08-15 | AAA | AAA |
| Class B | 47.2 | 5.6% | 15.10% | 3.78 | — | — | 2031-10-15 | AA | AA |
| Class Cretained | 44.7 | 5.3% | 9.75% | 3.81 | — | — | 2033-03-15 | NR | — |
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 Receivables LLC |
| 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, Barclays Capital, MUFG Securities Americas |
| WOSAT 2025-A | WOSAT 2024-A | WOSAT 2023-A | WOSAT 2021-A | Source | |
|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||
| Closing date | 2025-09-24 | 2024-07-24 | 2023-03-15 | 2021-09-22 | 424B5 |
| Pool balance | $835.7MM | $797.9MM | $931.8MM | $1,061.1MM | 424B5 |
| WA Credit Score | 650−1 | 655 | 651 | 647 | 424B5 |
| WA APR | 10.75%+1.56pp | 10.80% | 9.19% | 8.26% | 424B5 |
| WA original term mo | 74.5+0.1 | 74.5 mo | 74.5 mo | 74.5 mo | 424B5 |
| % new vehicles | 94.0% | 90.7% | 84.4% | 86.2% | 424B5 |
| Geo top-3 | 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% | 424B5 |
| Enhancement beneath the AAA term notes | |||||
| Enhancement, initial | 20.75%−3.25pp | 24.00% | 25.85% | 23.50% | calc |
| Enhancement, target | 23.25% | 27.00% | 27.85% | 28.50% | calc |
| Subordinate notes | 11.0%−8.0pp | 20.5% | 19.0% | 18.0% | calc |
| OC (initial) | 9.25% | 3.00% | 6.35% | 5.00% | 424B5 |
| OC target | 11.75% | 6.00% | 8.35% | 10.00% | 424B5 |
| OC floor | 1.00% | 1.00% | 2.00% | 2.00% | 424B5 |
| Reserve account | 0.50% | 0.50% | 0.50% | 0.50% | 424B5 |
| YSOC | — | — | — | — | 424B5 |
| Pricing | |||||
| AAA spread | +60 bps−10bps A-2a · 1.4y | +70 bps A-3 · 2.4y | +90 bps A-3 · 2.5y | +17 bps A-3 · 2.2y | FWP |
| Terms | |||||
| Tranches | 6 | 8 | 8 | 7 | 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.
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 2025-A | CRVNA 2025-P3 | EARTS 2025-2 | CAOT 2024-1 | Source | |
|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||
| Closing date | 2025-09-24 | 2025-09-23 | 2025-07-30 | 2024-01-24 | 424B5 |
| Pool balance | $835.7MM | $1,011.7MM | $378.0MM | $1,565.7MM | 424B5 |
| WA Credit Score | 650−52 | 702 | 669 | 719 | 424B5 |
| WA APR | 10.75%−1.36pp | 12.11% | 17.82% | 10.90% | 424B5 |
| WA original term mo | 74.5+1.5 | 73.0 mo | 77.0 mo | 65.4 mo | 424B5 |
| % new vehicles | 94.0% | — | — | 0.0% | 424B5 |
| Geo top-3 | FL 57.3% GA 18.5% AL 10.0% | TX 10.4% CA 7.7% FL 5.7% | TX 21.3% FL 9.1% CA 8.8% | CA 16.4% TX 11.3% FL 8.1% | 424B5 |
| Enhancement beneath the AAA term notes | |||||
| Enhancement, initial | 20.75%+10.85pp | 9.90% | 34.30% | 9.25% | calc |
| Enhancement, target | 23.25% | 10.10% | 38.10% | 9.25% | calc |
| Subordinate notes | 11.0%+1.6pp | 9.4% | 30.7% | 8.0% | calc |
| OC (initial) | 9.25% | 0.00% | 2.60% | 1.00% | 424B5 |
| OC target | 11.75% | 0.20% | 6.40% | 1.00% | 424B5 |
| OC floor | 1.00% | 0.20% | 1.50% | 1.00% | 424B5 |
| Reserve account | 0.50% | 0.50% | 1.00% | 0.25% | 424B5 |
| YSOC | — | n.a. | n.a. | n.a. | 424B5 |
| Pricing | |||||
| AAA spread | +60 bps−7bps A-2a · 1.4y | +58 bps A-3 · 2.5y | +67 bps A-3 · 2.4y | +75 bps A-3 · 2.6y | FWP |
| Terms | |||||
| Tranches | 6 | 8 | 7 | 8 | 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.
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 (35 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.
Open the performance page ↗ for
FICO sub-band and new/used stratification.