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World Omni Auto Receivables Trust 2024-C

10/29/2025 | Press release | Distributed by Public on 10/29/2025 05:59

Asset-Backed Issuer Distribution Report (Form 10-D)

World Omni Auto Receivables Trust 2024-C
Monthly Servicer Certificate
September 30, 2025
Dates Covered
Collections Period 09/01/25 - 09/30/25
Interest Accrual Period 09/15/25 - 10/14/25
30/360 Days 30
Actual/360 Days 30
Distribution Date 10/15/25
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 08/31/25 714,437,523.83 32,581
Yield Supplement Overcollateralization Amount 08/31/25 49,857,834.50 0
Receivables Balance 08/31/25 764,295,358.33 32,581
Principal Payments 31,430,650.59 1,286
Defaulted Receivables 1,350,884.06 46
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 09/30/25 47,040,289.94 0
Pool Balance at 09/30/25 684,473,533.74 31,249
Pool Statistics $ Amount # of Accounts
Pool Factor 55.73 %
Prepayment ABS Speed 1.74 %
Aggregate Starting Principal Balance 1,312,595,946.50 46,537
Delinquent Receivables:
Past Due 31-60 days 10,957,563.10 373
Past Due 61-90 days 3,894,801.46 128
Past Due 91-120 days 672,782.54 22
Past Due 121+ days 0.00 0
Total 15,525,147.10 523
Total 31+ Delinquent as % Aggregate Ending Principal Balance 2.12 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.62 %
Delinquency Trigger Occurred NO
Recoveries 1,081,742.88
Aggregate Net Losses/(Gains) - September 2025 269,141.18
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.42 %
Prior Net Losses/(Gains) Ratio 1.11 %
Second Prior Net Losses/(Gains) Ratio 0.84 %
Third Prior Net Losses/(Gains) Ratio 1.18 %
Four Month Average 0.89 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.56 %
Overcollateralization Target Amount 6,160,261.80
Actual Overcollateralization 6,160,261.80
Weighted Average Contract Rate 6.75 %
Weighted Average Contract Rate, Yield Adjusted 10.27 %
Weighted Average Remaining Term 50.47
Flow of Funds $ Amount
Collections 36,885,523.91
Investment Earnings on Cash Accounts 14,524.76
Servicing Fee (636,912.80 )
Transfer to Collection Account -
Available Funds 36,263,135.87
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 2,473,811.68
(3) Noteholders' First Priority Principal Distributable Amount -
(4) Class B Interest 141,648.00
(5) Noteholders' Second Priority Principal Distributable Amount 5,374,052.38
(6) Class C Interest 73,094.00
(7) Noteholders' Third Priority Principal Distributable Amount 18,160,000.00
(8) Required Reserve Account -
(9) Noteholders' Principal Distributable Amount 6,160,261.80
(10) Asset Representation Reviewer Amounts (in excess of 1) -
(11) Distribution to Certificateholders 3,880,268.01
Total Distributions of Available Funds 36,263,135.87
Servicing Fee 636,912.80
Unpaid Servicing Fee -
Change in amount of the unpaid servicing fee from the prior period -
Note Balances & Note Factors $ Amount
Original Class A 1,156,070,000.00
Original Class B 36,320,000.00
Original Class C 18,160,000.00
Total Class A, B, & C
Note Balance @ 09/15/25 708,007,586.12
Principal Paid 29,694,314.18
Note Balance @ 10/15/25 678,313,271.94
Class A-1
Note Balance @ 09/15/25 0.00
Principal Paid 0.00
Note Balance @ 10/15/25 0.00
Note Factor @ 10/15/25 0.0000000 %
Class A-2a
Note Balance @ 09/15/25 81,097,676.44
Principal Paid 12,744,340.85
Note Balance @ 10/15/25 68,353,335.59
Note Factor @ 10/15/25 34.1766678 %
Class A-2b
Note Balance @ 09/15/25 107,859,909.68
Principal Paid 16,949,973.33
Note Balance @ 10/15/25 90,909,936.35
Note Factor @ 10/15/25 34.1766678 %
Class A-3
Note Balance @ 09/15/25 403,000,000.00
Principal Paid 0.00
Note Balance @ 10/15/25 403,000,000.00
Note Factor @ 10/15/25 100.0000000 %
Class A-4
Note Balance @ 09/15/25 61,570,000.00
Principal Paid 0.00
Note Balance @ 10/15/25 61,570,000.00
Note Factor @ 10/15/25 100.0000000 %
Class B
Note Balance @ 09/15/25 36,320,000.00
Principal Paid 0.00
Note Balance @ 10/15/25 36,320,000.00
Note Factor @ 10/15/25 100.0000000 %
Class C
Note Balance @ 09/15/25 18,160,000.00
Principal Paid 0.00
Note Balance @ 10/15/25 18,160,000.00
Note Factor @ 10/15/25 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 2,688,553.68
Total Principal Paid 29,694,314.18
Total Paid 32,382,867.86
Class A-1
Coupon 5.36900 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-1 Holders 0.00
Class A-2a
Coupon 4.78000 %
Interest Paid 323,039.08
Principal Paid 12,744,340.85
Total Paid to A-2a Holders 13,067,379.93
Class A-2b
SOFR Rate 4.37208 %
Coupon 4.84208 %
Interest Paid 435,221.93
Principal Paid 16,949,973.33
Total Paid to A-2b Holders 17,385,195.26
Class A-3
Coupon 4.43000 %
Interest Paid 1,487,741.67
Principal Paid 0.00
Total Paid to A-3 Holders 1,487,741.67
Class A-4
Coupon 4.44000 %
Interest Paid 227,809.00
Principal Paid 0.00
Total Paid to A-4 Holders 227,809.00
Class B
Coupon 4.68000 %
Interest Paid 141,648.00
Principal Paid 0.00
Total Paid to B Holders 141,648.00
Class C
Coupon 4.83000 %
Interest Paid 73,094.00
Principal Paid 0.00
Total Paid to C Holders 73,094.00
Distribution per $1,000 of Notes Total
Total Interest Distribution Amount 2.2209357
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 24.5296057
Total Distribution Amount 26.7505414
A-1 Interest Distribution Amount 0.0000000
A-1 Interest Carryover Shortfall 0.0000000
A-1 Principal Distribution Amount 0.0000000
Total A-1 Distribution Amount 0.0000000
A-2a Interest Distribution Amount 1.6151954
A-2a Interest Carryover Shortfall 0.0000000
A-2a Principal Distribution Amount 63.7217043
Total A-2a Distribution Amount 65.3368997
A-2b Interest Distribution Amount 1.6361727
A-2b Interest Carryover Shortfall 0.0000000
A-2b Principal Distribution Amount 63.7217042
Total A-2b Distribution Amount 65.3578769
A-3 Interest Distribution Amount 3.6916667
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 0.0000000
Total A-3 Distribution Amount 3.6916667
A-4 Interest Distribution Amount 3.7000000
A-4 Interest Carryover Shortfall 0.0000000
A-4 Principal Distribution Amount 0.0000000
Total A-4 Distribution Amount 3.7000000
B Interest Distribution Amount 3.9000000
B Interest Carryover Shortfall 0.0000000
B Principal Distribution Amount 0.0000000
Total B Distribution Amount 3.9000000
C Interest Distribution Amount 4.0250000
C Interest Carryover Shortfall 0.0000000
C Principal Distribution Amount 0.0000000
Total C Distribution Amount 4.0250000
Noteholders' First Priority Principal Distributable Amount 0.00
Noteholders' Second Priority Principal Distributable Amount 180.98
Noteholders' Third Priority Principal Distributable Amount 611.56
Noteholders' Principal Distributable Amount 207.46
Account Balances $ Amount
Reserve Account
Balance as of 09/15/25 3,026,385.22
Investment Earnings 10,234.26
Investment Earnings Paid (10,234.26 )
Deposit/(Withdrawal) -
Balance as of 10/15/25 3,026,385.22
Change -
Required Reserve Amount 3,026,385.22
World Omni Auto Receivables Trust 2024-C published this content on October 29, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on October 29, 2025 at 11:59 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]