WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN, 2000-VFN, 2000-1 and 2001-1 SUPPLEMENTS
CERTIFICATE DATE AS OF : April 16, 2001
POOL BALANCE: Month of:
March , 2001
Pool Balance, beginning of month $1,027,028,267.15
Pool Balance, end of month $1,040,931,894.06
Pool Balance, average $1,033,399,688.93
Required Pool Balance, end of month $1,040,931,894.06
COLLECTIONS & SERIES ALLOCATIONS Month of:
March , 2001
Series Allocable Principal Collections
Series 1999-VFN $ 6,556,091.51
Series 2000-VFN $ 6,689,119.19
Series 2000-1 $ 405,149,081.44
Series 2001-1 $ 173,635,320.62
$ 592,029,612.75
Series Allocable Non-Principal Collections
Series 1999-VFN $ 65,846.60
Series 2000-VFN $ 67,182.68
Series 2000-1 $ 4,372,696.50
Series 2001-1 $ 1,874,012.79
$ 6,379,738.57
Series Allocable Miscellaneous Payments
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 $ -
Series 2001-1 $-
$ -
Investment Proceeds
Series 1999-VFN $ 7,830.43
Series 2000-VFN $ 7,938.28
Series 2000-1 $ 298,326.91
Series 2001-1 $ 122,504.08
$ 436,599.70
CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD Month of:
March , 2001
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:
March , 2001
Series Allocation Percentages
Series 1999-VFN 11.48%
Series 2000-VFN 11.71%
Series 2000-1 53.76%
Series 2001-1 23.04%
Floating Allocation Percentages
Series 1999-VFN 91.88%
Series 2000-VFN 88.89%
Series 2000-1 91.38%
Series 2001-1 91.38%
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:
March , 2001
Series 1999-VFN
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 6,023,671.89
Cert. Percentage minus Excess Cert. Percentage: $ 532,419.62
$ 6,556,091.51
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 60,499.21
Cert. Percentage minus Excess Cert. Percentage: $ 5,347.40
$ 65,846.60
Series 2000-VFN
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 5,946,048.92
Cert. Percentage minus Excess Cert. Percentage: $ 743,070.27
$ 6,689,119.19
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 59,719.59
Cert. Percentage minus Excess Cert. Percentage: $ 7,463.08
$ 67,182.68
Series 2000-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 370,209,877.77
Cert. Percentage minus Excess Cert. Percentage: $ 34,939,203.67
$ 405,149,081.44
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 3,995,603.15
Cert. Percentage minus Excess Cert. Percentage: $ 377,093.35
$ 4,372,696.50
Series 2001-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 158,661,376.19
Cert. Percentage minus Excess Cert. Percentage: $ 14,973,944.43
$ 173,635,320.62
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 1,712,401.35
Cert. Percentage minus Excess Cert. Percentage: $ 161,611.44
$ 1,874,012.79
Paid on:
MONTHLY DISTRIBUTIONS April 16, 2001
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 $ 137,197.92
Series 2000-1 Class A $ 3,042,660.00
Series 2000-1 Class B $ 269,460.00
Series 2001-1 Class A $ 1,303,438.89
Series 2001-1 Class B $ 115,178.89
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 Class A $ 4.71000000
Series 2000-1 Class B $ 4.99000000
Series 2001-1 Class A $ 4.70555556
Series 2001-1 Class B $ 5.00777778
Rated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Noteholder Monthly Servicing Fee
Series 1999-VFN $ 116,989.42
Series 2000-VFN $ 116,720.91
Series 2000-1 $ 545,747.48
Series 2001-1 $ 180,000.00
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:
April 16, 2001
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 $ 591,292,827.64
Excess Distributed to Cert. on Payment Date $ 1,705,329.87
FUNDED AND INVESTED AMOUNTS: Last day of:
March , 2001
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 $ 40,484,006.74
Invested Amount $ 605,515,993.26
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 $ 17,350,288.60
Invested Amount $ 259,649,711.40
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 16, 2001
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. March , 2001
Pool Total Components of Excess Receivables:
Used Vehicles $ 107,321,263.55
Finance Hold Receivables (for Credit Reasons Only) $ 14,284,042.26
Delayed Payment Program $ 723,071.40
Pool Limits on Components of Excess Receivables:
Used Vehicles $ 260,232,973.52
Finance Hold Receivables $ 0.00
Delayed Payment Program $ 20,818,637.88
Total Excess Receivables $ 14,284,042.26
Overconcentration Amount $ 1,636,534.35
Ineligible Amount $ 0.00
Trust Incremental Subordinated Amount $ 15,920,576.61
POOL SERIES SUBORDINATED AMOUNTS As of:
March 31, 2001
Series Incremental Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 11,787,115.78
Series 2001-1 $ 5,051,621.05
Required Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 69,449,423.54
Series 2001-1 $ 29,764,038.66
Available Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 69,449,423.54
Series 2001-1 $ 29,764,038.66
CHARGE OFFS For Month of:
March , 2001
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:
April 16, 2001
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:
April 16, 2001
Series 1999-VFN Estimated 5.2887500%
Series 2000-VFN Estimated 5.2887500%
Series 2000-1 Class A 5.1737500%
Series 2000-1 Class B 5.4887500%
Series 2001-1 Class A 5.1687500%
Series 2001-1 Class B 5.5087500%