WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN, 2000-VFN, 2000-1 and 2001-1 SUPPLEMENTS
CERTIFICATE DATE AS OF : September 15, 2002
POOL BALANCE: Month of:
August, 2002
Pool Balance, beginning of month $883,995,725.74
Pool Balance, end of month $875,349,160.82
Pool Balance, average $867,871,100.27
Required Pool Balance, end of month $875,349,160.82
COLLECTIONS & SERIES ALLOCATIONS Month of:
August , 2002
Series Allocable Principal Collections
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 $455,427,020.11
Series 2001-1 $195,183,008.62
$650,610,028.73
Series Allocable Non-Principal Collections
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 $ 2,299,357.16
Series 2001-1 $ 985,438.78
$ 3,284,795.94
Series Allocable Miscellaneous Payments
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 $ -
Series 2001-1 $ -
$ -
Investment Proceeds
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 $ 279,099.48
Series 2001-1 $ 119,807.89
$ 398,907.37
CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD Month of:
August , 2002
1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Series 2001-1 Class A $ 0.00
Series 2001-1 Class B $ 0.00
ALLOCATION PERCENTAGES FOR COLLECTION PERIOD First day of:
August , 2002
Series Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-VFN 0.00%
Series 2000-1 70.00%
Series 2001-1 30.00%
Floating Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-VFN 0.00%
Series 2000-1 92.00%
Series 2001-1 92.00%
Principal Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-VFN 0.00%
Series 2000-1 0.00%
Series 2001-1 0.00%
ALLOCATIONS OF SERIES ALLOCABLE AMOUNTS WITHIN SERIES Month of:
August , 2002
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-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: $ 0.00
Floating Allocation Percentage: $418,992,858.50
Cert. Percentage minus Excess Cert. Percentage: $ 36,434,161.61
$455,427,020.11
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 2,115,408.59
Cert. Percentage minus Excess Cert. Percentage: $ 183,948.57
$ 2,299,357.16
Series 2001-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $179,568,367.93
Cert. Percentage minus Excess Cert. Percentage: $ 15,614,640.69
$195,183,008.62
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 906,603.68
Cert. Percentage minus Excess Cert. Percentage: $ 78,835.10
$ 985,438.78
Paid on:
MONTHLY DISTRIBUTIONS September 16, 2002
Principal Distributions to Investors
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 Class A $ -
Series 2000-1 Class B $ -
Series 2001-1 Class A $ -
Series 2001-1 Class B $ -
Principal Distributions to Investors - $ per thousand
Series 1999-VFN $ 0.00000000
Series 2000-VFN $ 0.00000000
Series 2000-1 Class A $ 0.00000000
Series 2000-1 Class B $ 0.00000000
Series 2001-1 Class A $ 0.00000000
Series 2001-1 Class B $ 0.00000000
Monthly Interest to Investors
Series 1999-VFN $ 20,400.00
Series 2000-VFN $ -
Series 2000-1 Class A $ 1,099,635.56
Series 2000-1 Class B $ 107,040.00
Series 2001-1 Class A $ 470,284.44
Series 2001-1 Class B $ 46,000.00
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 Class A $ 1.70222222
Series 2000-1 Class B $ 1.98222222
Series 2001-1 Class A $ 1.69777778
Series 2001-1 Class B $ 2.00000000
Rated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Noteholder Monthly Servicing Fee
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 474,411.04
Series 2001-1 $ 203,319.02
Reserve Fund Deposit Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
MONTHLY DISTRIBUTIONS (Cont.) Paid on:
September 16, 2002
Investor Default Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Monthly Dilution Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Noteholder Charge-Off Reversal Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Investor Default Amount and Monthly Dilution Amount Not Previously Reinstated
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Carry-Over Amount
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Series 2001-1 Class A $ 0.00
Series 2001-1 Class B $ 0.00
Unrated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Previously waived servicing fee
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 699,880.70
Series 2001-1 $ 299,948.87
Collections Released to Cert. during Collection Period $650,872,812.41
Excess Distributed to Cert. on Payment Date $ 0.00
FUNDED AND INVESTED AMOUNTS: Last day of:
August , 2002
SERIES 1999-VFN SUPPLEMENT
Initial Funded Amount $600,000,000.00
Incremental Funded Amounts (Cumulative) $185,000,000.00
Principal Distributed to Investors (Cumulative) $785,000,000.00
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-VFN SUPPLEMENT
Initial Funded Amount $150,000,000.00
Incremental Funded Amounts (Cumulative) $ 0.00
Principal Distributed to Investors (Cumulative) $150,000,000.00
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 $137,211,581.86
Invested Amount $508,788,418.14
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
SERIES 2001-1 SUPPLEMENT CLASS A
Initial Invested Amount $277,000,000.00
Principal Distributed to Investors (Cumulative) $ 0.00
Principal Funding Account Balance $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Series Excess Funding Amount $ 58,804,963.66
Invested Amount $218,195,036.34
SERIES 2001-1 SUPPLEMENT CLASS B
Initial Invested Amount $ 23,000,000.00
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 $ 23,000,000.00
BALANCES AS OF PAYMENT DATE As of:
September 16, 2002
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-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
Series 2001-1
Reserve Fund Balance $ 1,500,000.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance, Class A $277,000,000.00
Outstanding Principal Balance, Class B $ 23,000,000.00
TRUST INCREMENTAL SUBORDINATED AMOUNT Last day of:
To be used in the following month's computations. August , 2002
Pool Total Components of Excess Receivables:
Used Vehicles $ 96,965,810.82
Finance Hold Receivables (for Credit Reasons Only) $ 0.00
Delayed Payment Program $ 197,005.22
Pool Limits on Components of Excess Receivables:
Used Vehicles $218,837,290.21
Finance Hold Receivables $ 0.00
Delayed Payment Program $ 17,506,983.22
Total Excess Receivables $ 0.00
Overconcentration Amount $ 0.00
Ineligible Amount $ 0.00
Trust Incremental Subordinated Amount $ 0.00
POOL SERIES SUBORDINATED AMOUNTS As of:
August 31, 2002
Series Incremental Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 1,017,871.12
Series 2001-1 $ 436,230.48
Required Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 49,650,207.86
Series 2001-1 $ 21,278,660.51
Available Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 49,650,207.86
Series 2001-1 $ 21,278,660.51
CHARGE OFFS For Month of:
August , 2002
Defaulted Receivables $ 0.00
Investor/Noteholder Defaulted Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Deficiency Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Required Draw Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Investor/Noteholder Charge-Off's
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
INTEREST AND PRINCIPAL SHORTFALLS (CUMULATIVE) As of:
September 16, 2002
Interest Shortfalls as of Current Payment Date
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Series 2001-1 Class A $ 0.00
Series 2001-1 Class B $ 0.00
Change in Interest Shortfalls from Previous Payment Date
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Series 2001-1 Class A $ 0.00
Series 2001-1 Class B $ 0.00
Principal Shortfalls as of Current Payment Date
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Series 2001-1 Class A $ 0.00
Series 2001-1 Class B $ 0.00
Change in Principal Shortfalls from Previous Payment Date
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Series 2001-1 Class A $ 0.00
Series 2001-1 Class B $ 0.00
INTEREST RATE FOR NEXT PAYMENT DATE As of:
September 16, 2002
Series 1999-VFN Estimated 2.0731300%
Series 2000-VFN Estimated 2.0731300%
Series 2000-1 Class A 1.9581300%
Series 2000-1 Class B 2.2731300%
Series 2001-1 Class A 1.9531300%
Series 2001-1 Class B 2.2931300%
MONTHLY PAYMENT RATE % Month of:
August , 2002
MONTHLY PAYMENT RATE % 74.97%