WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN SUPPLEMENT, SERIES 2000-1 SUPPLEMENT
CERTIFICATE DATE AS OF : November 15, 2000
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For Month of:
POOL BALANCE: October, 2000
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Pool Balance, beginning of month $765,411,922.83
Pool Balance, end of month $775,418,493.16
Pool Balance, average $769,169,613.16
Required Pool Balance, end of month $775,418,493.16
COLLECTIONS & SERIES ALLOCATIONS Month of:
October , 2000
Series Allocable Principal Collections
Series 1999-VFN $ -
Series 2000-1 $505,036,420.42
$505,036,420.42
Series Allocable Non-Principal Collections
Series 1999-VFN $ -
Series 2000-1 $ 5,924,375.52
$ 5,924,375.52
Series Allocable Miscellaneous Payments
Series 1999-VFN $ -
Series 2000-1 $ -
$ -
Investment Proceeds
Series 1999-VFN $ -
Series 2000-1 $ 129,667.45
$ 129,667.45
CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD Month of:
October , 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:
October , 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 89.82%
Principal Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-1 0.00%
ALLOCATIONS OF SERIES ALLOCABLE AMOUNTS WITHIN SERIES Month of:
October , 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: $ 70,958.18
Floating Allocation Percentage: $453,633,215.48
Cert. Percentage minus Excess Cert. Percentage: $ 51,332,246.76
$505,036,420.42
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 832.38
Floating Allocation Percentage: $ 5,321,385.56
Cert. Percentage minus Excess Cert. Percentage: $ 602,157.58
$ 5,924,375.52
Paid on:
MONTHLY DISTRIBUTIONS November 15, 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 $ 19,762.50
Series 2000-1 Class A $ 3,636,441.67
Series 2000-1 Class B $ 318,150.00
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ -
Series 2000-1 Class A $ 5.62916667
Series 2000-1 Class B $ 5.89166667
Rated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Noteholder Monthly Servicing Fee
Series 1999-VFN $ 0.00
Series 2000-1 $ 572,922.83
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:
November 15, 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 $505,639,410.38
Excess Distributed to Cert. on Payment Date $ 903,776.02
FUNDED AND INVESTED AMOUNTS: Last day of:
October , 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 $ 5,866,925.82
Invested Amount $640,133,074.18
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:
November 15, 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. October , 2000
Pool Total Components of Excess Receivables:
Used Vehicles $ 91,458,999.57
Finance Hold Receivables (for Credit Reasons Only) $ 8,616,760.50
Delayed Payment Program $ 1,879,348.25
Pool Limits on Components of Excess Receivables:
Used Vehicles $193,854,623.29
Finance Hold Receivables $ 0.00
Delayed Payment Program $ 15,508,369.86
Total Excess Receivables $ 8,616,760.50
Overconcentration Amount $ 5,279,563.37
Ineligible Amount $ 0.00
Trust Incremental Subordinated Amount $ 13,896,323.87
POOL SERIES SUBORDINATED AMOUNTS As of:
October 31, 2000
Series Incremental Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 20,801,835.19
Required Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 81,161,232.94
Available Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 81,161,232.94
CHARGE OFFS For Month of:
October , 2000
Defaulted Receivables $ 0.00
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:
November 15, 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:
November 15, 2000
1999-VFN Estimated 6.8700000%
Series 2000-1 Class A 6.7550000%
Series 2000-1 Class B 7.0700000%