EXHIBIT 99.3
WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN, 2000-1 and 2001-1 SUPPLEMENTS
CERTIFICATE DATE AS OF : December 31, 2002
POOL BALANCE: For the Period ended:
December 2002
Pool Balance, beginning of period $ 841,390,900.14
Pool Balance, end of period $1,137,877,796.96
Pool Balance, average $ 896,558,546.63
Required Pool Balance, end of period $1,137,877,796.96
COLLECTIONS & SERIES ALLOCATIONS For the Period ended:
December , 2002
Series Allocable Principal Collections
Series 1999-VFN $ 28,143,776.71
Series 2000-1 $4,776,668,198.11
Series 2001-1 $2,047,143,513.48
$6,851,955,488.29
Series Allocable Non-Principal Collections
Series 1999-VFN $ 5,779.60
Series 2000-1 $ 25,763,881.16
Series 2001-1 $ 11,041,663.35
--------------------------------
$ 36,811,324.11
Series Allocable Miscellaneous Payments
Series 1999-VFN $ -
Series 2000-1 $ -
Series 2001-1 $ -
--------------------------------
$ -
Investment Proceeds
Series 1999-VFN $ 6,571.07
Series 2000-1 $ 2,368,608.14
Series 2001-1 $ 1,010,543.57
--------------------------------
$ 3,385,722.78
CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD For the Period ended:
December , 2002
1999-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 Calculated as of:
December , 2002
Series Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-1 70.00%
Series 2001-1 30.00%
Floating Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-1 92.00%
Series 2001-1 92.00%
Principal Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-1 0.00%
Series 2001-1 0.00%
ALLOCATIONS OF SERIES ALLOCABLE AMOUNTS WITHIN SERIES For the Period ended:
December , 2002
Series 1999-VFN
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 26,032,993.45
Cert. Percentage minus Excess Cert. Percentage: $ 2,110,783.25
$ 28,143,776.71
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 5,346.13
Cert. Percentage minus Excess Cert. Percentage: $ 433.47
$ 5,779.60
Series 2000-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $4,365,624,905.49
Cert. Percentage minus Excess Cert. Percentage: $ 411,043,292.62
$4,776,668,198.11
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 23,555,109.75
Cert. Percentage minus Excess Cert. Percentage: $ 2,208,771.41
$ 25,763,881.16
Series 2001-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $1,870,982,102.35
Cert. Percentage minus Excess Cert. Percentage: $ 176,161,411.12
$2,047,143,513.48
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 10,095,047.04
Cert. Percentage minus Excess Cert. Percentage: $ 946,616.32
$ 11,041,663.35
For the Period ended:
MONTHLY DISTRIBUTIONS December , 2002
Principal Distributions to Investors
Series 1999-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 2000-1 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 $ 411,387.43
Series 2000-1 Class A $ 12,425,016.32
Series 2000-1 Class B $ 1,211,086.16
Series 2001-1 Class A $ 5,313,712.31
Series 2001-1 Class B $ 520,496.88
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ 2.74258283
Series 2000-1 Class A $ 19.23377139
Series 2000-1 Class B $ 22.42752139
Series 2001-1 Class A $ 19.18307694
Series 2001-1 Class B $ 22.63029917
Rated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Noteholder Monthly Servicing Fee
Series 1999-VFN $ 0.00
Series 2000-1 $ 4,918,496.51
Series 2001-1 $ 2,107,927.08
Reserve Fund Deposit Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 700,000.00
Series 2001-1 $ 0.00
MONTHLY DISTRIBUTIONS (Cont.) For the Period ended:
December , 2002
Investor Default Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 1,990,683.64
Series 2001-1 $ 853,150.14
Monthly Dilution Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Noteholder Charge-Off Reversal Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Investor Default Amount and Monthly Dilution Amount Not Previously Reinstated
Series 1999-VFN $ 0.00
Series 2000-1 $ 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
Previously waived servicing fee
Series 1999-VFN $ 0.00
Series 2000-1 $ 823,107.35
Series 2001-1 $ 352,760.29
Collections Released to Cert. during Collection Period $6,855,087,649.37
Excess Distributed to Cert. on Payment Date $ 5,437,061.72
FUNDED AND INVESTED AMOUNTS: As of the last day of:
December , 2002
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 $ 13,295,447.50
Principal Funding Account Balance $ 0.00
Invested Amount $ 136,704,552.50
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 $ 62,382,625.04
Invested Amount $ 583,617,374.96
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 $ 26,735,410.73
Invested Amount $ 250,264,589.27
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
RESERVE FUNDS As of last day of:
December , 2002
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 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 As of last day of:
To be used in the following month's computations. December , 2002
Pool Total Components of Excess Receivables:
Used Vehicles $ 85,612,377.28
Finance Hold Receivables (for Credit Reasons Only) $ 720,509.66
Delayed Payment Program $ 128,513.76
Pool Limits on Components of Excess Receivables:
Used Vehicles $ 284,469,449.24
Finance Hold Receivables $ 0.00
Delayed Payment Program $ 22,757,555.94
Total Excess Receivables $ 720,509.66
Overconcentration Amount $ 0.00
Ineligible Amount $ 0.00
Trust Incremental Subordinated Amount $ 720,509.66
POOL SERIES SUBORDINATED AMOUNTS As of last day of:
December , 2002
Series Incremental Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Required Subordinated Amount
Series 1999-VFN $ 12,162,162.16
Series 2000-1 $ 60,869,565.22
Series 2001-1 $ 26,086,956.52
Available Subordinated Amount
Series 1999-VFN $ 12,162,162.16
Series 2000-1 $ 60,869,565.22
Series 2001-1 $ 26,086,956.52
CHARGE OFFS For the Period ended:
December , 2002
Defaulted Receivables $ 3,710,011.00
Investor/Noteholder Defaulted Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 1,990,683.64
Series 2001-1 $ 853,150.14
Deficiency Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Required Draw Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Investor/Noteholder Charge-Off's
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
INTEREST AND PRINCIPAL SHORTFALLS (CUMULATIVE) For the Period ended:
December , 2002
Interest Shortfalls, end of period
Series 1999-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, beginning of period
Series 1999-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, end of period
Series 1999-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, beginning of period
Series 1999-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 last day of:
December , 2002
Series 1999-VFN Estimated 1.6200000%
Series 2000-1 Class A 1.5050000%
Series 2000-1 Class B 1.8200000%
Series 2001-1 Class A 1.5000000%
Series 2001-1 Class B 1.8400000%