Exhibit 99.1

 

World Omni Automobile Lease Securitization Trust 2024-A PAGE 1
MONTHLY SERVICER CERTIFICATE  
For the collection period ended 02/28/2026  

 

A.  DATES  Begin  End  # days 
1  Payment Date     3/16/2026     
2  Collection Period  2/1/2026  2/28/2026   28 
3  Monthly Interest Period-Actual  2/17/2026  3/15/2026   27 
4  Monthly Interest - Scheduled  2/15/2026  3/14/2026   30 

  

B.   SUMMARY                              
                                   
                          Principal Payment                  
          Initial Balance       Beginning Balance       1st Priority       2nd Priority       Regular       Ending Balance       Note Factor  
5   Class A-1 Notes     112,000,000.00       -       -       -       -       -       0.0000000  
6   Class A-2a Notes     85,000,000.00       -       -       -       -       -       0.0000000  
7   Class A-2b Notes     240,000,000.00       -       -       -       -       -       0.0000000  
8   Class A-3 Notes     325,000,000.00       294,277,344.40       -       -       27,195,666.28       267,081,678.12       0.8217898  
9   Class A-4 Notes     65,650,000.00       65,650,000.00       -       -       -       65,650,000.00       1.0000000  
10   Total Class A Notes     827,650,000.00       359,927,344.40       -       -       27,195,666.28       332,731,678.12          
11   Class B Notes     47,060,000.00       47,060,000.00       -       -       -       47,060,000.00       1.0000000  
                                                             
12   Total Notes   $ 874,710,000.00       406,987,344.40     $ 0.00     $ 0.00     $ 27,195,666.28       379,791,678.12          
                                                             
    Overcollateralization                                                        
13   Exchange Note     59,470,656.90       32,447,779.35                               30,816,039.37          
14   Series 2024-A Notes     56,996,958.16       101,361,198.68                               102,992,938.66          
                                                             
15   Total Overcollateralization     116,467,615.06       133,808,978.03                               133,808,978.03          
16   Total Target Overcollateralization   $ 133,808,978.03       133,808,978.03                               133,808,978.03          

 

              Coupon Rate     Interest Pmt Due     Per $1000
Face Amount
    Principal
Payment Due
    Per $1000
Face Amount
    Interest
Shortfall
 
17   Class A-1 Notes             5.50100 %     0.00       0.0000000       0.00       0.0000000       0.00  
18   Class A-2a Notes             5.32000 %     0.00       0.0000000       0.00       0.0000000       0.00  
19   Class A-2b Notes     3.65819 %     4.08819 %     0.00       0.0000000       0.00       0.0000000       0.00  
20   Class A-3 Notes             5.26000 %     1,289,915.69       3.9689714       27,195,666.28       83.6789732       0.00  
21   Class A-4 Notes             5.25000 %     287,218.75       4.3750000       0.00       0.0000000       0.00  
22   Total Class A Notes                     1,577,134.44       1.9055572       27,195,666.28       32.8588972       0.00  
23   Class B Notes             5.62000 %     220,397.67       4.6833334       0.00       0.0000000       0.00  
                                                             
24   Totals                     1,797,532.11       2.0550035       27,195,666.28       31.0910659       0.00  
          Initial Balance       Beginning Balance                               Ending Balance  
25   Exchange Note Balance             931,706,958.16       508,348,543.08                               482,784,616.78  

 

   Reference Pool Balance Data  Initial   Current       
26  Discount Rate   10.80%   10.80%      
27  Aggregate Securitization Value   991,177,615.06    513,600,656.15        
28  Aggregate Base Residual Value (Not Discounted)   717,803,942.35    460,754,406.06        
                     
   Turn-in Units   Units    Securitization Value    Percentage   
29  Vehicles Scheduled to Return in Current Month   31    515,063.35        
30  Turn-in Ratio on Scheduled Terminations             16.13%  
                     
       Units    Securitization Value        
31  Securitization Value — Beginning of Period   20,983    540,796,322.43        
32  Depreciation/Payments        (4,988,228.00)       
33  Gross Credit Losses   (46)   (1,419,358.39)       
34  Early Terminations — Regular   (8)   (136,904.57)       
35  Scheduled Terminations — Returned   (64)   (2,293,532.14)       
36  Payoff Units & Lease Reversals   (784)   (18,357,643.18)       
37  Repurchased Leases   -    -        
                     
38  Securitization Value - End of Period   20,081    513,600,656.15        

 

 

 

 

World Omni Automobile Lease Securitization Trust 2024-A PAGE 2
MONTHLY SERVICER CERTIFICATE  
For the collection period ended 02/28/2026  

 

C.  SERVICING FEE

 

39  Servicing Fee Due   450,663.60         
                 
40  Unpaid Servicing Fees - Prior Collection Periods   0.00         
                 
41  Change in Servicing Fee Due - Current Collection Period vs. Prior Collection Period   (22,468.99)        
                 
D.  RESERVE ACCOUNT             
                 
   Reserve Account Balances:             
42  Required Reserve Account Balance (0.50% of Initial Securitization Value)   4,955,888.08         
43  Beginning Reserve Account Balance   4,955,888.08         
44  Ending Reserve Account Balance   4,955,888.08         
                 
E.  POOL STATISTICS             

 

   Delinquencies Aging Profile — End of Period  Units   Percentage   Securitization Value         
45  Total Active Units (Excluding Inventory)   19,615    98.16%   499,963,410.97           
46  31 - 60 Days Delinquent   281    1.41%   7,723,979.51           
47  61 - 90 Days Delinquent   68    0.34%   2,099,430.69           
48  91 -120 Days Delinquent   18    0.09%   538,157.50           
49  121+ Days Delinquent   -    -    -           
                             
50  Total   19,982    100.00%   510,324,978.67           
                             
51  Total 61+ Delinquent as % End of Period Securitization Value                       0.51%
52  Delinquency Trigger Occurred                       NO 
                             
53  Prepayment Speed (1 Month)                       1.30%

 

   Current Period Net Residual Losses/(Gains) on Scheduled and Early Termination Units    Units    Amounts 
                             
54  Aggregate Securitization Value for Scheduled and Early Termination Units Terminated During Current Period    72    2,430,436.71 
55  Less: Aggregate Sales Proceeds, Recoveries & Expenses for Scheduled and Early Termination Units Received in Current Period         (2,677,272.91)
56  Less: Excess Wear and Tear Received in Current Period         (5,220.09)
57  Less: Excess Mileage Received in Current Period         (14,652.19)
                             
58  Current Period Net Residual Losses/(Gains) - Scheduled and Early Termination Units         (266,708.48)
                             
   Current and Prior Period Net Residual Losses/(Gains) as a % of Beginning Securitization Value  (Annualized)     
59  Current Period Net Residual Losses/(Gains) Ratio         -0.59%
60  Prior Period Net Residual Losses/(Gains) Ratio         -0.47%
61  Second Prior Period Net Residual Losses/(Gains) Ratio         -0.14%
62  Third Prior Period Net Residual Losses/(Gains) Ratio         -0.13%
63  Four Month Average                       -0.33%
                             
64  Beginning Cumulative Net Residual Losses/(Gains)         (684,421.37)
65  Current Period Net Residual Losses/(Gains)         (266,708.48)
                             
66  Ending Cumulative Net Residual Losses/(Gains) - Scheduled and Early Termination Units         (951,129.85)
                             
67  Cumulative Net Residual Losses/(Gains) as a % of Aggregate Initial Securitization Value         -0.10%
                             
   Credit Losses/(Gains):    Units    Amounts 
68  Aggregate Securitization Value on charged-off units    46    1,419,358.39 
69  Aggregate Liquidation Proceeds, Recoveries & Expenses on charged-off units         (1,247,886.65)
                             
70  Current Period Net Credit Losses/(Gains)                       171,471.74 
                             
   Current and Prior Period Net Credit Losses/(Gains) as a % of Beginning Securitization Value (Annualized)           
71  Current Period Net Credit Losses/(Gains) Ratio                       0.38%
72  Prior Period Net Credit Losses/(Gains) Ratio                       0.72%
73  Second Prior Period Net Credit Losses/(Gains) Ratio         1.01%
74  Third Prior Period Net Credit Losses/(Gains) Ratio         0.54%
75  Four Month Average                       0.66%
                             
76  Beginning Cumulative Net Credit Losses/(Gains)         6,680,160.26 
77  Current Period Net Credit Losses/(Gains)         171,471.74 
                             
78  Ending Cumulative Net Credit Losses/(Gains)         6,851,632.00 
                             
79  Cumulative Net Credit Losses/(Gains) as a % of Aggregate Initial Securitization Value         0.69%

 

 

 

 

World Omni Automobile Lease Securitization Trust 2024-A PAGE 3
MONTHLY SERVICER CERTIFICATE  
For the collection period ended 02/28/2026  

 

F.  EXCHANGE NOTE COLLECTION ACCOUNT
    
   COLLECTED AMOUNTS

 

80  Lease Payments Received   9,785,121.45         
81  Sales Proceeds, Recoveries & Expenses - Scheduled Terminations   2,523,651.83         
82  Liquidation Proceeds, Recoveries & Expenses   1,117,241.26         
83  Insurance Proceeds   130,645.39         
84  Sales Proceeds, Recoveries & Expenses - Early Terminations   173,493.36         
85  Payoff Payments   21,197,418.20         
86  All Other Payments Received   -         
                 
87  Collected Amounts   34,927,571.49         
                 
88  Investment Earnings on Collection Account   85,006.24         
                 
89  Total Collected Amounts - Available for Distribution   35,012,577.73         
                 
   DISTRIBUTIONS FROM EXCHANGE NOTE COLLECTION ACCOUNT             
                 
90  Servicing Fee   450,663.60         
91  Interest on the Exchange Note - to the Trust Collection Account   2,380,765.68         
92  Principal on the Exchange Note - to the Trust Collection Account   25,563,926.30         
93  Trust Collection Account Shortfall Amount - to the Trust Collection Account   5,996,846.16         
94  Remaining Funds Payable to Trust Collection Account   620,375.99         
                 
95  Total Distributions   35,012,577.73         
                 
G.  TRUST COLLECTION ACCOUNT             
                 
   AVAILABLE FUNDS             
                 
96  Available Funds   34,561,914.13         
                 
97  Investment Earnings on Reserve Account   13,588.63         
                 
98  Reserve Account Draw Amount   -         
                 
99  Total Available Funds - Available for Distribution   34,575,502.76         
                 
   DISTRIBUTIONS FROM TRUST COLLECTION ACCOUNT             
                 
100  Administration Fee   22,533.18         
101  Asset Representation Reviewer Amounts (up to $150,000 per year)   -         
102  Class A Noteholders' Interest Distributable Amount   1,577,134.44         
103  Noteholders' First Priority Principal Distributable Amount   -         
104  Class B Noteholders' Interest Distributable Amount   220,397.67         
105  Noteholders' Second Priority Principal Distributable Amount   -         
106  Amount to Reinstate Reserve Account to Required Reserve Account Balance   -         
107  Noteholders' Regular Principal Distributable Amount   27,195,666.28         
108  Asset Representation Reviewer Amounts (in excess of $150,000 per year)   -         
109  Remaining Funds Payable to Certificate holder   5,559,771.19         
                 
110  Total Distributions   34,575,502.76         
                 
   COMPLIANCE WITH EUROPEAN UNION RISK RETENTION RULES             

 

World Omni Financial Corp. (“World Omni”), as “originator” for the purposes of the EU Securitization Rules (as defined in the Indenture), continues to retain, a material net economic interest (the “EU Retained Interest”), in the form of retention of a first loss tranche as described in option (d) of Article 6(3) of the EU Securitization Regulation, by holding (i) all the limited liability company interests in World Omni Auto Leasing LLC (“WOAL”), which in turn retains the Certificates (as defined in the Indenture) issued by World Omni Automobile Lease Securitization Trust 2024-A, and (ii) the residual interest in the 2024-A Reference Pool (as defined in the Indenture), such Certificates and interest, collectively representing at least 5% of the aggregate Securitization Value of the Units in the 2024-A Reference Pool (each as defined in the Indenture). World Omni has not (and has not permitted WOAL or any of its other affiliates to hedge or otherwise mitigate its credit risk under or associated with the EU Retained Interest, or sell, transfer or otherwise surrender all or part of the rights, benefits or obligations arising from the EU Retained Interest) hedged or otherwise mitigated its credit risk under or associated with the EU Retained Interest, or sold, transferred or otherwise surrendered all or part of the rights, benefits or obligations arising from the EU Retained Interest, except, in each case, to the extent permitted in accordance with the EU Securitization Rules. Further, World Omni has not changed the retention option or method of calculating the EU Retained Interest.