WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN, 2000-VFN, 2000-1 and 2001-1 SUPPLEMENTS
CERTIFICATE DATE AS OF : February 18, 2003
POOL BALANCE: Month of:
January, 2003
Pool Balance, beginning of month $1,137,877,796.96
Pool Balance, end of month $1,101,861,695.33
Pool Balance, average $1,084,916,293.65
Required Pool Balance, end of month $1,101,861,695.32
COLLECTIONS & SERIES ALLOCATIONS Month of:
January , 2003
Series Allocable Principal Collections
Series 1999-VFN $ 75,642,731.19
Series 2003-VFN-A $ 53,401,615.71
Series 2003-VFN-B $ 26,700,807.85
Series 2000-1 $ 285,395,789.72
Series 2001-1 $ 151,977,105.83
$ 593,118,050.30
Series Allocable Non-Principal Collections
Series 1999-VFN $ 447,869.13
Series 2003-VFN-A $ 58,155.31
Series 2003-VFN-B $ 29,077.65
Series 2000-1 $ 2,024,797.68
Series 2001-1 $ 900,075.74
$ 3,459,975.50
Series Allocable Miscellaneous Payments
Series 1999-VFN $ -
Series 2003-VFN-A $ -
Series 2003-VFN-B $ -
Series 2000-1 $ -
Series 2001-1 $ -
$ -
Investment Proceeds
Series 1999-VFN $ 14,722.75
Series 2003-VFN-A $ 18,747.69
Series 2003-VFN-B $ 9,373.84
Series 2000-1 $ 307,641.63
Series 2001-1 $ 29,598.02
$ 380,083.93
CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD Month of:
January , 2003
1999-VFN $ 0.00
2003-VFN-A $ 0.00
2003-VFN-B $ 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:
January , 2003
Series Allocation Percentages
Series 1999-VFN 12.99%
Series 2003-VFN-A 0.00%
Series 2003-VFN-B 0.00%
Series 2000-1 60.91%
Series 2001-1 26.10%
Floating Allocation Percentages
Series 1999-VFN 92.50%
Series 2003-VFN-A 0.00%
Series 2003-VFN-B 0.00%
Series 2000-1 92.00%
Series 2001-1 92.00%
Principal Allocation Percentages
Series 1999-VFN 0.00%
Series 2003-VFN-A 0.00%
Series 2003-VFN-B 0.00%
Series 2000-1 92.00%
Series 2001-1 0.00%
ALLOCATIONS OF SERIES ALLOCABLE AMOUNTS WITHIN SERIES Month of:
January , 2003
Series 1999-VFN
Series Allocable Principal Collections
Excess Certificateholder Collections: $ 0.00
Noteholder Collections: $ 69,942,890.60
Additional Noteholder Collections: $ 5,699,840.59
$ 75,642,731.19
Series Allocable Non-Principal Collections
Excess Certificateholder Collections: $ 0.00
Noteholder Collections: $ 414,249.93
Additional Noteholder Collections: $ 33,619.19
$ 447,869.13
Series 2003-VFN-A
Series Allocable Principal Collections
Excess Certificateholder Collections: $ 0.00
Noteholder Collections: $ 49,093,972.11
Additional Noteholder Collections: $ 4,307,643.59
$ 53,401,615.71
Series Allocable Non-Principal Collections
Excess Certificateholder Collections: $ 0.00
Noteholder Collections: $ 53,464.21
Additional Noteholder Collections: $ 4,691.10
$ 58,155.31
Series 2003-VFN-B
Series Allocable Principal Collections
Excess Certificateholder Collections: $ 0.00
Noteholder Collections: $ 24,546,986.06
Additional Noteholder Collections: $ 2,153,821.80
$ 26,700,807.85
Series Allocable Non-Principal Collections
Excess Certificateholder Collections: $ 0.00
Noteholder Collections: $ 26,732.10
Additional Noteholder Collections: $ 2,345.55
$ 29,077.65
Series 2000-1
Series Allocable Principal Collections
Excess Certificateholder Collections: $ 0.00
Noteholder Collections: $ 271,979,182.36
Additional Noteholder Collections: $ 13,416,607.36
$ 285,395,789.72
Series Allocable Non-Principal Collections
Excess Certificateholder Collections: $ 0.00
Noteholder Collections: $ 1,862,743.64
Additional Noteholder Collections: $ 162,054.04
$ 2,024,797.68
Series 2001-1
Series Allocable Principal Collections
Excess Certificateholder Collections: $ 0.00
Noteholder Collections: $ 139,765,665.86
Additional Noteholder Collections: $ 12,211,439.97
$ 151,977,105.83
Series Allocable Non-Principal Collections
Excess Certificateholder Collections: $ 0.00
Noteholder Collections: $ 828,011.66
Additional Noteholder Collections: $ 72,064.07
$ 900,075.74
Paid on:
MONTHLY DISTRIBUTIONS February 18, 2003
Principal Distributions to Investors
Series 1999-VFN $ -
Series 2003-VFN-A $ -
Series 2003-VFN-B $ -
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 2003-VFN-A $ 0.00000000
Series 2003-VFN-B $ 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 $ 225,936.12
Series 2003-VFN-A $ 376,065.55
Series 2003-VFN-B $ 174,029.29
Series 2000-1 Class A $ 918,217.22
Series 2000-1 Class B $ 92,820.00
Series 2001-1 Class A $ 392,416.67
Series 2001-1 Class B $ 39,968.89
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ 1.50624080
Series 2003-VFN-A $ 1.88032776
Series 2003-VFN-B $ 1.74029290
Series 2000-1 Class A $ 1.42138889
Series 2000-1 Class B $ 1.71888889
Series 2001-1 Class A $ 1.41666667
Series 2001-1 Class B $ 1.73777778
Rated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Series 2003-VFN-A $ 0.00
Series 2003-VFN-B $ 0.00
Noteholder Monthly Servicing Fee
Series 1999-VFN $ 113,920.46
Series 2003-VFN-A $ 166,667.00
Series 2003-VFN-B $ 83,333.00
Series 2000-1 $ 531,347.81
Series 2001-1 $ 227,720.49
Reserve Fund Deposit Amount
Series 1999-VFN $ 0.00
Series 2003-VFN-A $ 0.00
Series 2003-VFN-B $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
MONTHLY DISTRIBUTIONS (Cont.) Paid on:
February 18, 2003
Investor Default Amount
Series 1999-VFN $ 0.00
Series 2003-VFN-A $ 0.00
Series 2003-VFN-B $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Monthly Dilution Amount
Series 1999-VFN $ 0.00
Series 2003-VFN-A $ 0.00
Series 2003-VFN-B $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Noteholder Charge-Off Reversal Amount
Series 1999-VFN $ 0.00
Series 2003-VFN-A $ 0.00
Series 2003-VFN-B $ 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 2003-VFN-A $ 0.00
Series 2003-VFN-B $ 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 2003-VFN-A $ 0.00
Series 2003-VFN-B $ 0.00
Previously waived servicing fee
Series 1999-VFN $ 0.00
Series 2003-VFN-A $ 0.00
Series 2003-VFN-B $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Deposits to Princpal Funding Account
Series 1999-VFN
Series 2000-VFN $ 0.00
Series 2003-VFN-A $ 0.00
Series 2003-VFN-B $ 0.00
Series 2000-1 $ 318,808,687.48
Series 2001-1 $ 0.00
Collections Released to Cert. during Collection Period $ 273,601,833.58
Excess Distributed to Cert. on Payment Date $ 1,205,146.16
FUNDED AND INVESTED AMOUNTS: Last day of:
January , 2003
SERIES 1999-VFN SUPPLEMENT
Initial Funded Amount $ 600,000,000.00
Incremental Funded Amounts (Cumulative) $ 335,000,000.00
Principal Distributed to Investors (Cumulative) $ 785,000,000.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Funded Amount $ 150,000,000.00
Series Excess Funding Amount $ 10,953,813.85
Principal Funding Account Balance $ 0.00
Invested Amount $ 139,046,186.15
SERIES 2003-VFN-A SUPPLEMENT
Initial Funded Amount $ 200,000,000.00
Incremental Funded Amounts (Cumulative) $ 0.00
Principal Distributed to Investors (Cumulative) $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Funded Amount $ 200,000,000.00
Series Excess Funding Amount $ 14,684,460.60
Principal Funding Account Balance $ 0.00
Invested Amount $ 185,315,539.40
SERIES 2003-VFN-B SUPPLEMENT
Initial Funded Amount $ 100,000,000.00
Incremental Funded Amounts (Cumulative) $ 0.00
Principal Distributed to Investors (Cumulative) $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Funded Amount $ 100,000,000.00
Series Excess Funding Amount $ 7,342,230.30
Principal Funding Account Balance $ 0.00
Invested Amount $ 92,657,769.70
SERIES 2000-1 SUPPLEMENT CLASS A
Initial Invested Amount $ 646,000,000.00
Principal Distributed to Investors (Cumulative) $ 0.00
Principal Funding Account Balance $ 381,191,312.52
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Series Excess Funding Amount $ 0.00
Invested Amount $ 264,808,687.48
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 $ 22,026,690.90
Invested Amount $ 254,973,309.10
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:
February 18, 2003
Series 1999-VFN
Reserve Fund Balance $ 750,000.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance $ 150,000,000.00
Series 2003-VFN-A
Reserve Fund Balance $ 1,500,000.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance $ 300,000,000.00
Series 2003-VFN-B
Reserve Fund Balance $ 625,000.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance $ 125,000,000.00
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. January , 2003
Pool Total Components of Excess Receivables:
Used Vehicles $ 78,544,225.93
Finance Hold Receivables (for Credit Reasons Only) $ 6,265,013.98
Delayed Payment Program $ 79,116.76
Pool Limits on Components of Excess Receivables:
Used Vehicles $ 275,465,423.83
Finance Hold Receivables $ 6,265,013.98
Delayed Payment Program $ 22,037,233.91
Total Excess Receivables $ 0.00
Overconcentration Amount $ 576,213.43
Ineligible Amount $ 0.00
Trust Incremental Subordinated Amount $ 576,213.43
POOL SERIES SUBORDINATED AMOUNTS As of:
January 31, 2003
Series Incremental Subordinated Amount
Series 1999-VFN $ 96,636.62
Series 2003-VFN-A $ 129,549.09
Series 2003-VFN-B $ 64,774.55
Series 2000-1 $ 235,225.76
Series 2001-1 $ 194,323.64
Required Subordinated Amount
Series 1999-VFN $ 11,370,651.71
Series 2003-VFN-A $ 16,243,943.82
Series 2003-VFN-B $ 8,121,971.91
Series 2000-1 $ 27,957,720.32
Series 2001-1 $ 24,365,915.73
Available Subordinated Amount
Series 1999-VFN $ 11,370,651.71
Series 2003-VFN-A $ 16,243,943.82
Series 2003-VFN-B $ 8,121,971.91
Series 2000-1 $ 27,957,720.32
Series 2001-1 $ 24,365,915.73
CHARGE OFFS For Month of:
January , 2003
Defaulted Receivables $ 0.00
Investor/Noteholder Defaulted Amount
Series 1999-VFN $ 0.00
Series 2003-VFN-A $ 0.00
Series 2003-VFN-B $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Deficiency Amount
Series 1999-VFN $ 0.00
Series 2003-VFN-A $ 0.00
Series 2003-VFN-B $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Required Draw Amount
Series 1999-VFN $ 0.00
Series 2003-VFN-A $ 0.00
Series 2003-VFN-B $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Investor/Noteholder Charge-Off's
Series 1999-VFN $ 0.00
Series 2003-VFN-A $ 0.00
Series 2003-VFN-B $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
INTEREST AND PRINCIPAL SHORTFALLS (CUMULATIVE) As of:
February 18, 2003
Interest Shortfalls as of Current Payment Date
Series 1999-VFN $ 0.00
Series 2003-VFN-A $ 0.00
Series 2003-VFN-B $ 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 2003-VFN-A $ 0.00
Series 2003-VFN-B $ 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 2003-VFN-A $ 0.00
Series 2003-VFN-B $ 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 2003-VFN-A $ 0.00
Series 2003-VFN-B $ 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:
February 18, 2003
Series 1999-VFN Estimated 1.5900000%
Series 2003-VFN-A Estimated 1.6300000%
Series 2003-VFN-B Estimated 1.6200000%
Series 2000-1 Class A 1.4750000%
Series 2000-1 Class B 1.7900000%
Series 2001-1 Class A 1.4700000%
Series 2001-1 Class B 1.8100000%
MONTHLY PAYMENT RATE % Month of:
January , 2003
MONTHLY PAYMENT RATE % 54.67%