Exhibit 99.1

 

World Omni Auto Receivables Trust 2024-C
Monthly Servicer Certificate
August 31, 2025

 

Dates Covered      
Collections Period 08/01/25 - 08/31/25
Interest Accrual Period 08/15/25 - 09/14/25    
30/360 Days 30    
Actual/360 Days 31    
Distribution Date 09/15/25    

 

Collateral Pool Balance Data  $ Amount   # of Accounts     
Pool Balance at 07/31/25   745,191,121.13    33,524      
Yield Supplement Overcollateralization Amount 07/31/25   52,702,636.78    0      
Receivables Balance 07/31/25   797,893,757.91    33,524      
Principal Payments   31,857,793.92    895      
Defaulted Receivables   1,740,605.66    48      
Repurchased Accounts   0.00    0      
Yield Supplement Overcollateralization Amount at 08/31/25   49,857,834.50    0      
Pool Balance at 08/31/25   714,437,523.83    32,581      
                
Pool Statistics   $ Amount    # of Accounts      
Pool Factor   58.23%          
Prepayment ABS Speed   1.76%          
Aggregate Starting Principal Balance   1,312,595,946.50    46,537      
                
Delinquent Receivables:               
Past Due 31-60 days   11,086,820.36    372      
Past Due 61-90 days   3,977,417.11    131      
Past Due 91-120 days   643,470.31    26      
Past Due 121+ days   0.00    0      
 Total   15,707,707.78    529      
                
Total 31+ Delinquent as % Aggregate Ending Principal Balance   2.06%          
Total 61+ Delinquent as % Aggregate Ending Principal Balance   0.60%          
Delinquency Trigger Occurred   NO           
                
Recoveries   1,002,576.96           
Aggregate Net Losses/(Gains) - August 2025   738,028.70           
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):               
Current Net Losses/(Gains) Ratio   1.11%          
Prior Net Losses/(Gains) Ratio   0.84%          
Second Prior Net Losses/(Gains) Ratio   1.18%          
Third Prior Net Losses/(Gains) Ratio   0.69%          
Four Month Average   0.96%          
                
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   0.54%          
                
Overcollateralization Target Amount   6,429,937.71           
Actual Overcollateralization   6,429,937.71           
Weighted Average Contract Rate   6.74%          
Weighted Average Contract Rate, Yield Adjusted   10.27%          
Weighted Average Remaining Term   51.26           
                
Flow of Funds   $ Amount           
Collections   37,275,481.75           
Investment Earnings on Cash Accounts   15,568.25           
Servicing Fee   (664,911.46)          
Transfer to Collection Account   -           
Available Funds   36,626,138.54           
                
Distributions of Available Funds               
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per year)   -           
    (2)  Class A Interest   2,609,789.34           
    (3)  Noteholders' First Priority Principal Distributable Amount   -           
    (4)  Class B Interest   141,648.00           
    (5)  Noteholders' Second Priority Principal Distributable Amount   5,886,877.21           
    (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   6,429,937.71           
   (10)  Asset Representation Reviewer Amounts (in excess of 1)   -           
   (11)  Distribution to Certificateholders   3,324,792.28           
                
Total Distributions of Available Funds   36,626,138.54           
                
Servicing Fee   664,911.46           
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 @ 08/15/25   738,484,401.04           
Principal Paid   30,476,814.92           
Note Balance @ 09/15/25   708,007,586.12           
                
Class A-1               
Note Balance @ 08/15/25   0.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   0.00           
Note Factor @ 09/15/25   0.0000000%          
                
Class A-2a               
Note Balance @ 08/15/25   94,177,854.52           
Principal Paid   13,080,178.08           
Note Balance @ 09/15/25   81,097,676.44           
Note Factor @ 09/15/25   40.5488382%          
                
Class A-2b               
Note Balance @ 08/15/25   125,256,546.52           
Principal Paid   17,396,636.84           
Note Balance @ 09/15/25   107,859,909.68           
Note Factor @ 09/15/25   40.5488382%          
                
Class A-3               
Note Balance @ 08/15/25   403,000,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   403,000,000.00           
Note Factor @ 09/15/25   100.0000000%          
                
Class A-4               
Note Balance @ 08/15/25   61,570,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   61,570,000.00           
Note Factor @ 09/15/25   100.0000000%          
                
Class B               
Note Balance @ 08/15/25   36,320,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   36,320,000.00           
Note Factor @ 09/15/25   100.0000000%          
                
Class C               
Note Balance @ 08/15/25   18,160,000.00           
Principal Paid   0.00           
Note Balance @ 09/15/25   18,160,000.00           
Note Factor @ 09/15/25   100.0000000%          
                
Interest & Principal Payments   $ Amount           
Total Interest Paid   2,824,531.34           
Total Principal Paid   30,476,814.92           
Total Paid   33,301,346.26           
                
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   375,141.79           
Principal Paid   13,080,178.08           
Total Paid to A-2a Holders   13,455,319.87           
                
Class A-2b               
SOFR Rate   4.34270%          
Coupon   4.81270%          
Interest Paid   519,096.88           
Principal Paid   17,396,636.84           
Total Paid to A-2b Holders   17,915,733.72           
                
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   2.3332628           
Total Interest Carryover Shortfall   0.0000000           
Total Principal Distribution Amount   25.1760067           
Total Distribution Amount   27.5092695           
                
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   1.8757090           
A-2a Interest Carryover Shortfall   0.0000000           
A-2a  Principal Distribution Amount   65.4008904           
Total A-2a  Distribution Amount   67.2765994           
                
A-2b  Interest Distribution Amount   1.9514920           
A-2b Interest Carryover Shortfall   0.0000000           
A-2b  Principal Distribution Amount   65.4008904           
Total A-2b  Distribution Amount   67.3523824           
                
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   193.16           
Noteholders' Third Priority Principal Distributable Amount   595.86           
Noteholders' Principal Distributable Amount   210.98           

 

Account Balances   $ Amount           
Reserve Account               
Balance as of 08/15/25   3,026,385.22           
Investment Earnings   10,917.83           
Investment Earnings Paid   (10,917.83)          
Deposit/(Withdrawal)   -           
Balance as of 09/15/25   3,026,385.22           
Change   -           
                
Required Reserve Amount   3,026,385.22