WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN, 2000-VFN, 2000-1 and 2001-1 SUPPLEMENTS
CERTIFICATE DATE AS OF : November 15, 2002
POOL BALANCE: Month of:
October , 2002
Pool Balance, beginning of month $868,798,123.32
Pool Balance, end of month $943,983,676.54
Pool Balance, average $895,190,784.75
Required Pool Balance, end of month $943,983,676.54
COLLECTIONS & SERIES ALLOCATIONS Month of:
October , 2002
Series Allocable Principal Collections
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 $412,667,728.47
Series 2001-1 $176,857,597.91
$589,525,326.38
Series Allocable Non-Principal Collections
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 $ 2,070,136.68
Series 2001-1 $ 887,201.44
$ 2,957,338.12
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 $ 282,253.19
Series 2001-1 $ 120,965.64
$ 403,218.83
CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD Month of:
October , 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:
October , 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:
October , 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: $379,654,310.19
Cert. Percentage minus Excess Cert. Percentage: $ 33,013,418.28
$412,667,728.47
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 1,904,525.75
Cert. Percentage minus Excess Cert. Percentage: $ 165,610.93
$ 2,070,136.68
Series 2001-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $162,708,990.08
Cert. Percentage minus Excess Cert. Percentage: $ 14,148,607.83
$176,857,597.91
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 816,225.32
Cert. Percentage minus Excess Cert. Percentage: $ 70,976.11
$ 887,201.44
Paid on:
MONTHLY DISTRIBUTIONS November 15, 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 $ 19,762.50
Series 2000-VFN $ -
Series 2000-1 Class A $ 1,076,397.50
Series 2000-1 Class B $ 104,625.00
Series 2001-1 Class A $ 460,358.61
Series 2001-1 Class B $ 44,958.61
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 Class A $ 1.66625000
Series 2000-1 Class B $ 1.93750000
Series 2001-1 Class A $ 1.66194444
Series 2001-1 Class B $ 1.95472222
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 $ 466,254.99
Series 2001-1 $ 199,823.57
Reserve Fund Deposit Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 700,000.00
Series 2001-1 $ 0.00
MONTHLY DISTRIBUTIONS (Cont.) Paid on:
November 15, 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 $ 0.00
Series 2001-1 $ 0.00
Collections Released to Cert. during Collection Period $589,761,913.43
Excess Distributed to Cert. on Payment Date $ 51,789.12
FUNDED AND INVESTED AMOUNTS: Last day of:
October , 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 $ 92,074,512.31
Invested Amount $553,925,487.69
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 $ 39,460,505.27
Invested Amount $237,539,494.73
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:
November 15, 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 $ 4,200,000.00
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. October , 2002
Pool Total Components of Excess Receivables:
Used Vehicles $ 98,575,056.90
Finance Hold Receivables (for Credit Reasons Only) $ 0.00
Delayed Payment Program $ 360,491.48
Pool Limits on Components of Excess Receivables:
Used Vehicles $235,995,919.14
Finance Hold Receivables $ 0.00
Delayed Payment Program $ 18,879,673.53
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:
October 31, 2002
Series Incremental Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Required Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 52,900,825.68
Series 2001-1 $ 22,671,782.43
Available Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 52,900,825.68
Series 2001-1 $ 22,671,782.43
CHARGE OFFS For Month of:
October , 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:
November 15, 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:
November 15, 2002
Series 1999-VFN Estimated 1.6312500%
Series 2000-VFN Estimated 1.6312500%
Series 2000-1 Class A 1.5162500%
Series 2000-1 Class B 1.8312500%
Series 2001-1 Class A 1.5112500%
Series 2001-1 Class B 1.8512500%
MONTHLY PAYMENT RATE % Month of:
October , 2002
MONTHLY PAYMENT RATE % 65.85%