WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN, 2000-VFN, 2003-VFN-A, 2003-VFN-B, 2000-1 and 2001-1 SUPPLEMENTS
CERTIFICATE DATE AS OF : April 15, 2003
POOL BALANCE: Month of:
March , 2003
Pool Balance, beginning of month $1,106,486,143.76
Pool Balance, end of month $ 639,052,321.94
Pool Balance, average $ 874,255,646.11
Required Pool Balance, end of month $ 639,052,321.94
COLLECTIONS & SERIES ALLOCATIONS Month of:
March , 2003
Series Allocable Principal Collections
Series 1999-VFN $ 140,892,885.78
Series 2003-VFN-A $ 331,159,366.61
Series 2003-VFN-B $ 137,983,069.42
Series 2000-1 $ -
Series 2001-1 $ 331,159,366.61
$ 941,194,688.42
Series Allocable Non-Principal Collections
Series 1999-VFN $ 524,250.81
Series 2003-VFN-A $ 1,067,078.56
Series 2003-VFN-B $ 444,616.07
Series 2000-1 $ -
Series 2001-1 $ 1,067,078.56
$ 3,103,024.00
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 $ 1,121.82
Series 2003-VFN-A $ 32,749.12
Series 2003-VFN-B $ 13,913.76
Series 2000-1 $ 311,536.22
Series 2001-1 $ 32,749.15
$ 392,070.07
CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD Month of:
March , 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:
March , 2003
Series Allocation Percentages
Series 1999-VFN 17.07%
Series 2003-VFN-A 34.32%
Series 2003-VFN-B 14.30%
Series 2000-1 0.00%
Series 2001-1 34.32%
Floating Allocation Percentages
Series 1999-VFN 79.44%
Series 2003-VFN-A 79.01%
Series 2003-VFN-B 79.01%
Series 2000-1 0.00%
Series 2001-1 79.01%
Principal Allocation Percentages
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%
ALLOCATIONS OF SERIES ALLOCABLE AMOUNTS WITHIN SERIES Month of:
March , 2003
Series 1999-VFN
Series Allocable Principal Collections
Excess Certificateholder Collections: $ 19,836,753.83
Noteholder Collections: $ 111,918,639.34
Additional Noteholder Collections: $ 9,137,492.61
$ 140,892,885.78
Series Allocable Non-Principal Collections
Excess Certificateholder Collections: $ 73,810.93
Noteholder Collections: $ 416,440.03
Additional Noteholder Collections: $ 33,999.85
$ 524,250.81
Series 2003-VFN-A
Series Allocable Principal Collections
Excess Certificateholder Collections: $ 39,889,124.54
Noteholder Collections: $ 267,852,057.26
Additional Noteholder Collections: $ 23,418,184.81
$ 331,159,366.61
Series Allocable Non-Principal Collections
Excess Certificateholder Collections: $ 148,424.14
Noteholder Collections: $ 844,728.33
Additional Noteholder Collections: $ 73,926.09
$ 1,067,078.56
Series 2003-VFN-B
Series Allocable Principal Collections
Excess Certificateholder Collections: $ 16,620,468.56
Noteholder Collections: $ 111,605,023.86
Additional Noteholder Collections: $ 9,757,577.00
$ 137,983,069.42
Series Allocable Non-Principal Collections
Excess Certificateholder Collections: $ 61,843.39
Noteholder Collections: $ 351,970.14
Additional Noteholder Collections: $ 30,802.54
$ 444,616.07
Series 2000-1
Series Allocable Principal Collections
Excess Certificateholder Collections: $ 0.00
Noteholder Collections: $ 0.00
Additional Noteholder Collections: $ 0.00
$ 0.00
Series Allocable Non-Principal Collections
Excess Certificateholder Collections: $ 0.00
Noteholder Collections: $ 0.00
Additional Noteholder Collections: $ 0.00
$ 0.00
Series 2001-1
Series Allocable Principal Collections
Excess Certificateholder Collections: $ 39,889,124.54
Noteholder Collections: $ 267,852,057.26
Additional Noteholder Collections: $ 23,418,184.81
$ 331,159,366.61
Series Allocable Non-Principal Collections
Excess Certificateholder Collections: $ 148,424.14
Noteholder Collections: $ 844,728.33
Additional Noteholder Collections: $ 73,926.09
$ 1,067,078.56
Paid on:
MONTHLY DISTRIBUTIONS April 15, 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 $ -
Series 2003-VFN-A $ 342,434.19
Series 2003-VFN-B $ 142,757.32
Series 2000-1 Class A $ -
Series 2000-1 Class B $ -
Series 2001-1 Class A $ 314,625.83
Series 2001-1 Class B $ 32,423.61
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ -
Series 2003-VFN-A $ 1.14144730
Series 2003-VFN-B $ 1.14205854
Series 2000-1 Class A $ -
Series 2000-1 Class B $ -
Series 2001-1 Class A $ 1.13583333
Series 2001-1 Class B $ 1.40972222
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 $ 0.00
Series 2003-VFN-A $ 250,000.00
Series 2003-VFN-B $ 104,166.67
Series 2000-1 $ 0.00
Series 2001-1 $ 250,000.00
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:
April 15, 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 2003-VFN-A $ 0.00
Series 2003-VFN-B $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Collections Released to Cert. during Collection Period $ 941,839,845.59
Excess Distributed to Cert. on Payment Date $ 1,413,529.28
FUNDED AND INVESTED AMOUNTS: Last day of:
March , 2003
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 2003-VFN-A SUPPLEMENT
Initial Funded Amount $ 200,000,000.00
Incremental Funded Amounts (Cumulative) $ 100,000,000.00
Principal Distributed to Investors (Cumulative) $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Funded Amount $ 300,000,000.00
Series Excess Funding Amount $ 56,719,391.92
Principal Funding Account Balance $ 0.00
Invested Amount $ 243,280,608.08
SERIES 2003-VFN-B SUPPLEMENT
Initial Funded Amount $ 100,000,000.00
Incremental Funded Amounts (Cumulative) $ 25,000,000.00
Principal Distributed to Investors (Cumulative) $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Funded Amount $ 125,000,000.00
Series Excess Funding Amount $ 23,633,079.97
Principal Funding Account Balance $ 0.00
Invested Amount $ 101,366,920.03
SERIES 2000-1 SUPPLEMENT CLASS A
Initial Invested Amount $ 646,000,000.00
Principal Distributed to Investors (Cumulative) $ 646,000,000.00
Principal Funding Account Balance $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Series Excess Funding Amount $ 0.00
Invested Amount $ 0.00
SERIES 2000-1 SUPPLEMENT CLASS B
Initial Invested Amount $ 54,000,000.00
Principal Distributed to Investors (Cumulative) $ 54,000,000.00
Principal Funding Account Balance $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Series Excess Funding Amount $ 0.00
Invested Amount $ 0.00
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 $ 56,719,391.92
Invested Amount $ 220,280,608.08
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:
April 15, 2003
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 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 $ 0.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance, Class A $ 0.00
Outstanding Principal Balance, Class B $ 0.00
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. March , 2003
Pool Total Components of Excess Receivables:
Used Vehicles $ 46,109,655.75
Finance Hold Receivables (for Credit Reasons Only) $ 6,630,426.50
Delayed Payment Program $ 0.00
Pool Limits on Components of Excess Receivables:
Used Vehicles $ 159,763,080.49
Finance Hold Receivables $ 0.00
Delayed Payment Program $ 12,781,046.44
Total Excess Receivables $ 6,630,426.50
Overconcentration Amount $ 27,365,894.11
Ineligible Amount $ 0.00
Trust Incremental Subordinated Amount $ 33,996,320.61
POOL SERIES SUBORDINATED AMOUNTS As of:
March 31, 2003
Series Incremental Subordinated 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 Subordinated Amount
Series 1999-VFN $ 0.00
Series 2003-VFN-A $ 21,154,835.48
Series 2003-VFN-B $ 8,814,514.79
Series 2000-1 $ 0.00
Series 2001-1 $ 21,154,835.48
Available Subordinated Amount
Series 1999-VFN $ 0.00
Series 2003-VFN-A $ 21,154,835.48
Series 2003-VFN-B $ 8,814,514.79
Series 2000-1 $ 0.00
Series 2001-1 $ 21,154,835.48
CHARGE OFFS For Month of:
March , 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:
April 15, 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:
April 15, 2003
Series 1999-VFN Estimated 1.5600000%
Series 2003-VFN-A Estimated 1.6000000%
Series 2003-VFN-B Estimated 1.5900000%
Series 2001-1 Class A 1.4400000%
Series 2001-1 Class B 1.7800000%
MONTHLY PAYMENT RATE % Month of:
March , 2003
MONTHLY PAYMENT RATE % 107.66%