WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN SUPPLEMENT, SERIES 2000-1 SUPPLEMENT
CERTIFICATE DATE AS OF : October 15, 2000
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For Month of:
POOL BALANCE: September, 2000
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Pool Balance, beginning of month $782,764,391.57
Pool Balance, end of month $765,411,922.83
Pool Balance, average $756,225,090.33
Required Pool Balance, end of month $765,411,922.83
COLLECTIONS & SERIES ALLOCATIONS Month of:
September , 2000
Series Allocable Principal Collections
Series 1999-VFN $ -
Series 2000-1 $508,444,261.69
$508,444,261.69
Series Allocable Non-Principal Collections
Series 1999-VFN $ -
Series 2000-1 $ 6,240,120.56
$ 6,240,120.56
Series Allocable Miscellaneous Payments
Series 1999-VFN $ -
Series 2000-1 $ -
$ -
Investment Proceeds
Series 1999-VFN $ -
Series 2000-1 $ 56,094.94
$ 56,094.94
CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD Month of:
September , 2000
1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
ALLOCATION PERCENTAGES FOR COLLECTION PERIOD First day of:
September , 2000
Series Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-1 100.00%
Floating Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-1 89.32%
Principal Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-1 0.00%
ALLOCATIONS OF SERIES ALLOCABLE AMOUNTS WITHIN SERIES Month of:
September , 2000
Series 1999-VFN
Series Allocable Principal Collections
Excess Certificateholder Percentage: $0.00
Floating Allocation Percentage: $0.00
Cert. Percentage minus Excess Cert. Percentage: $0.00
$0.00
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $0.00
Floating Allocation Percentage: $0.00
Cert. Percentage minus Excess Cert. Percentage: $0.00
$0.00
Series 2000-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 414,140.53
Floating Allocation Percentage: $454,147,214.86
Cert. Percentage minus Excess Cert. Percentage: $ 53,882,906.30
$508,444,261.69
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 5,082.73
Floating Allocation Percentage: $ 5,573,734.60
Cert. Percentage minus Excess Cert. Percentage: $ 661,303.23
$ 6,240,120.56
Paid on:
MONTHLY DISTRIBUTIONS October 16, 2000
Principal Distributions to Investors
Series 1999-VFN $ -
Series 2000-1 Class A $ -
Series 2000-1 Class B $ -
Principal Distributions to Investors - $ per thousand
Series 1999-VFN $ 0.00000000
Series 2000-1 Class A $ 0.00000000
Series 2000-1 Class B $ 0.00000000
Monthly Interest to Investors
Series 1999-VFN $ 19,125.00
Series 2000-1 Class A $ 3,758,351.74
Series 2000-1 Class B $ 328,813.13
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ -
Series 2000-1 Class A $ 5.81788194
Series 2000-1 Class B $ 6.08913194
Rated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Noteholder Monthly Servicing Fee
Series 1999-VFN $ 0.00
Series 2000-1 $ 582,643.79
Reserve Fund Deposit Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Investor Default Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Monthly Dilution Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Noteholder Charge-Off Reversal Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Investor Default Amount and Monthly Dilution Amount Not Previously Reinstated
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Carry-Over Amount
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
MONTHLY DISTRIBUTIONS (Cont.) Paid on:
October 16, 2000
Unrated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Previously waived servicing fee
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Collections Released to Cert. during Collection Period $509,110,647.65
Excess Distributed to Cert. on Payment Date $ 940,895.89
FUNDED AND INVESTED AMOUNTS: Last day of:
September , 2000
SERIES 1999-VFN SUPPLEMENT
Initial Funded Amount $600,000,000.00
Incremental Funded Amounts (Cumulative) $ 35,000,000.00
Principal Distributed to Investors (Cumulative) $635,000,000.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Funded Amount $ 0.00
Series Excess Funding Amount $ 0.00
Principal Funding Account Balance $ 0.00
Invested Amount $ 0.00
SERIES 2000-1 SUPPLEMENT CLASS A
Initial Invested Amount $646,000,000.00
Principal Distributed to Investors (Cumulative) $ 0.00
Principal Funding Account Balance $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Series Excess Funding Amount $ 12,492,609.08
Invested Amount $633,507,390.92
SERIES 2000-1 SUPPLEMENT CLASS B
Initial Invested Amount $ 54,000,000.00
Principal Distributed to Investors (Cumulative) $ 0.00
Principal Funding Account Balance $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Series Excess Funding Amount $ 0.00
Invested Amount $ 54,000,000.00
BALANCES AS OF PAYMENT DATE As of:
October 16, 2000
Series 1999-VFN
Reserve Fund Balance $ 0.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance $ 0.00
Series 2000-1
Reserve Fund Balance $ 3,500,000.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance, Class A $646,000,000.00
Outstanding Principal Balance, Class B $ 54,000,000.00
TRUST INCREMENTAL SUBORDINATED AMOUNT Last day of:
To be used in the following month's computations. September , 2000
Pool Total Components of Excess Receivables:
Used Vehicles $ 96,562,397.09
Finance Hold Receivables (for Credit Reasons Only) $ 8,616,876.78
Delayed Payment Program $ 936,878.95
Pool Limits on Components of Excess Receivables:
Used Vehicles $191,352,980.71
Finance Hold Receivables $ 0.00
Delayed Payment Program $ 15,308,238.46
Total Excess Receivables $ 8,616,876.78
Overconcentration Amount $ 12,309,144.44
Ineligible Amount $ 0.00
Trust Incremental Subordinated Amount $ 20,926,021.22
POOL SERIES SUBORDINATED AMOUNTS As of:
September 30, 2000
Series Incremental Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 17,614,407.33
Required Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 77,397,658.72
Available Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 77,397,658.72
CHARGE OFFS For Month of:
September , 2000
Defaulted Receivables $ 6,926.00
Investor/Noteholder Defaulted Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Deficiency Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Required Draw Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Investor/Noteholder Charge-Off's
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
INTEREST AND PRINCIPAL SHORTFALLS (CUMULATIVE) As of:
October 16, 2000
Interest Shortfalls as of Current Payment Date
Series 1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Change in Interest Shortfalls from Previous Payment Date
Series 1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Principal Shortfalls as of Current Payment Date
Series 1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Change in Principal Shortfalls from Previous Payment Date
Series 1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
INTEREST RATE FOR NEXT PAYMENT DATE As of:
October 16, 2000
1999-VFN Estimated 6.8700000%
Series 2000-1 Class A 6.7550000%
Series 2000-1 Class B 7.0700000%