| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 117.6 | 17.1% | 20.40% | 0.19 | 4.03% | +29 I-curve | 2027-08-16 | A-1+ | F1+ |
| Class A-2a | 206.9 | 30.1% | 20.40% | 1.18 | 4.52% | +56 I-curve | 2030-07-15 | AAA | AAA |
| Class A-2b | 40.0 | 5.8% | 20.40% | 1.18 | floating | +56 SOFR | 2030-07-15 | AAA | AAA |
| Class A-3 | 186.9 | 27.2% | 20.40% | 2.84 | 4.73% | +59 I-curve | 2032-05-17 | AAA | AAA |
| Class B | 29.3 | 4.2% | 16.15% | 3.87 | 4.92% | +75 I-curve | 2032-06-15 | AA | AA |
| Class C | 34.5 | 5.0% | 11.15% | 3.88 | 5.07% | +90 I-curve | 2034-01-17 | 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 Receivables LLC |
| Indenture Trustee | U.S. Bank Trust Company, National Association |
| Owner Trustee | Wilmington Trust, National Association (“ |
| Asset Rep. Reviewer | — |
| Underwriters | Wells Fargo Securities, Mizuho Securities, MUFG Securities Americas |
| WOSAT 2026-A | WOSAT 2025-A | WOSAT 2024-A | WOSAT 2023-A | WOSAT 2021-A | Source | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-07-29 | 2025-09-24 | 2024-07-24 | 2023-03-15 | 2021-09-22 | 424B5 |
| Pool balance | $688.5MM | $835.7MM | $797.9MM | $931.8MM | $1,061.1MM | 424B5 |
| WA Credit Score | 647−4 | 650 | 655 | 651 | 647 | 424B5 |
| WA APR | 9.84%−0.13pp | 10.75% | 10.80% | 9.19% | 8.26% | 424B5 |
| WA original term mo | 74.50.0 | 74.5 mo | 74.5 mo | 74.5 mo | 74.5 mo | 424B5 |
| % new vehicles | 97.0% | 94.0% | 90.7% | 84.4% | 86.2% | 424B5 |
| Geo top-3 | FL 55.5% GA 18.8% AL 11.0% | 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 | 20.40%−3.35pp | 20.75% | 24.00% | 25.85% | 23.50% | calc |
| Enhancement, target | 23.25% | 23.25% | 27.00% | 27.85% | 28.50% | calc |
| Subordinate notes | 9.3%−9.2pp | 11.0% | 20.5% | 19.0% | 18.0% | calc |
| OC (initial) | 10.65% | 9.25% | 3.00% | 6.35% | 5.00% | 424B5 |
| OC target | 13.50% | 11.75% | 6.00% | 8.35% | 10.00% | 424B5 |
| OC floor | 1.00% | 1.00% | 1.00% | 2.00% | 2.00% | 424B5 |
| Reserve account | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 424B5 |
| YSOC | — | — | — | — | — | 424B5 |
| Pricing | ||||||
| AAA spread | +56 bps−9bps A-2a · 1.2y | +60 bps 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 | 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 2026-A | CRVNA 2026-P2 | EARTS 2026-1 | CAOT 2024-1 | Source | |
|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||
| Closing date | 2026-07-29 | 2026-05-27 | 2026-05-15 | 2024-01-24 | 424B5 |
| Pool balance | $688.5MM | $1,100.4MM | $371.1MM | $1,565.7MM | 424B5 |
| WA Credit Score | 647−61 | 708 | 670 | 719 | 424B5 |
| WA APR | 9.84%−1.06pp | 10.54% | 17.16% | 10.90% | 424B5 |
| WA original term mo | 74.5−0.5 | 75.0 mo | 78.0 mo | 65.4 mo | 424B5 |
| % new vehicles | 97.0% | 2.7% | — | 0.0% | 424B5 |
| Geo top-3 | FL 55.5% GA 18.8% AL 11.0% | TX 10.2% CA 7.4% FL 6.5% | TX 21.6% CA 9.9% FL 8.4% | CA 16.4% TX 11.3% FL 8.1% | 424B5 |
| Enhancement beneath the AAA term notes | |||||
| Enhancement, initial | 20.40%+9.20pp | 11.20% | 35.55% | 9.25% | calc |
| Enhancement, target | 23.25% | 12.10% | 39.40% | 9.25% | calc |
| Subordinate notes | 9.3%−1.4pp | 10.7% | 31.3% | 8.0% | calc |
| OC (initial) | 10.65% | 0.00% | 3.25% | 1.00% | 424B5 |
| OC target | 13.50% | 0.90% | 7.10% | 1.00% | 424B5 |
| OC floor | 1.00% | 0.90% | 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 | +56 bps−12bps A-2a · 1.2y | +68 bps A-3 · 2.3y | +60 bps A-3 · 2.2y | +75 bps A-3 · 2.6y | FWP |
| Terms | |||||
| Tranches | 6 | 8 | 8 | 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 (41 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.