EXHIBIT 33.1

Report on Assessment of Compliance with Applicable Servicing Criteria



|1. | World Omni Financial Corp. (WOFC) is responsible for assessing compliance with the servicing criteria applicable to it under paragraph (d) of
Item 1122 of Regulation AB, as of and for the 12-month period ending December 31, 2008 (the Reporting Period), as set forth in Appendix A hereto. The transactions covered by this report consist of all asset backed securities
transactions of automobile and light duty truck retail installment sale contracts sponsored by WOFC since January 1, 2006 (the Platform);
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|2. | WOFC has engaged certain vendors (the Vendors) to perform specific, limited or scripted activities, and WOFC elects to take responsibility for assessing
compliance with the servicing criteria or portion of the servicing criteria applicable to such Vendors activities as set forth in Appendix A hereto;
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|3. | Except as set forth in paragraph 4 below, WOFC used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to assess the compliance with the
applicable servicing criteria;
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|4. | The criteria listed in the column titled Inapplicable Servicing Criteria on Appendix A hereto are inapplicable to WOFC based on the activities it performs,
directly or through its Vendors, with respect to the Platform;
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|5. | WOFC has complied, in all material respects, with the applicable servicing criteria as of December 31, 2008 and for the Reporting Period with respect to the Platform
taken as a whole;
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|6. | WOFC has not identified and is not aware of any material instance of noncompliance by the Vendors with the applicable servicing criteria as of December 31, 2008 and
for the Reporting Period with respect to the Platform taken as a whole;
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|7. | WOFC has not identified any material deficiency in its policies and procedures to monitor the compliance by the Vendors with the applicable servicing criteria as of
December 31, 2008 and for the Reporting Period with respect to the Platform taken as a whole; and
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|8. | PricewaterhouseCoopers LLP, a registered public accounting firm, has issued an attestation report on WOFCs assessment of compliance with the applicable servicing
criteria as of December 31, 2008 and for the Reporting Period.
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Date:    March 27, 2009



WORLD OMNI FINANCIAL CORP.By:

/s/  Victor A. De JesusName: Victor A. De JesusTitle: Vice President, Finance and Administration /         Chief Financial Officer




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EXHIBIT 33.1

APPENDIX A



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|--------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------------------- |  | --------------------------------------------------------------- |  | -
|                |  | SERVICING CRITERIA                                                                                                                                                                                                                                                                                                                                                              |  | APPLICABLE SERVICING CRITERIA |  | INAPPLICABLE SERVICING CRITERIA                                
|Reference       |  | Criteria                                                                                                                                                                                                                                                                                                                                                                        |  | Performed Directly by WOFC    |  | Performed by Vendor(s) for which WOFC is the  Responsible Party |  |  
|                |  | General Servicing Considerations                                                                                                                                                                                                                                                                                                                                                |  |                               |  |                                                                 |  |  
|1122(d)(1)(i)   |  | Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the
transaction agreements.                                                                                                                                                                                                                        |  | X                             |  |                                                                 |  |  
|1122(d)(1)(ii)  |  | If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third
partys performance and compliance with such servicing activities.                                                                                                                                                                            |  | X                             |  |                                                                 |  |  
|1122(d)(1)(iii) |  | Any requirements in the transaction agreements to maintain a back-up servicer for the asset backed security transactions of
automobile and light duty truck retail installment sales contracts are maintained.                                                                                                                                                                  |  |                               |  |                                                                 |  | X
|1122(d)(1)(iv)  |  | A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the
reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.                                                                                                               |  | X                             |  |                                                                 |  |  
|                |  | Cash Collection and
Administration                                                                                                                                                                                                                                                                                                                                              |  |                               |  |                                                                 |  |  
|1122(d)(2)(i)   |  | Payments on asset backed security transactions of automobile and light duty truck retail installment sales contracts are
deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements.                                      |  | X1                            |  | X1                                                              |  |  
|1122(d)(2)(ii)  |  | Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.                                                                                                                                                                                                                                                           |  |                               |  |                                                                 |  | X
|1122(d)(2)(iii) |  | Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for
such advances, are made, reviewed and approved as specified in the transaction agreements.                                                                                                                                                       |  | X                             |  |                                                                 |  |  
|1122(d)(2)(iv)  |  | The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of
overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.                                                                                                                           |  | X                             |  |                                                                 |  |  
|1122(d)(2)(v)   |  | Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements.
For purposes of this criterion, federally insured depository institution with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange
Act. |  | X                             |  |                                                                 |  |  
|1122(d)(2)(vi)  |  | Unissued checks are safeguarded so as to prevent unauthorized access.                                                                                                                                                                                                                                                                                                           |  | X                             |  |                                                                 |  |  









1 Certain payments by obligors with respect to certain pool assets are deposited into the
appropriate accounts by a third party lockbox provider. WOFC has elected to take responsibility for assessing compliance by that vendor with that portion of the servicing criterion under Item 1122(d)(2)(i) of Regulation AB that relates to that
vendors activities.



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|--------------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------------------- |  | -------------------------------------------------------------- |  | 
|                |  | SERVICING CRITERIA                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  | APPLICABLE SERVICING CRITERIA |  | INAPPLICABLE SERVICING CRITERIA                               
|Reference       |  | Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  | Performed Directly by WOFC    |  | Performed by Vendor(s) for which WOFC is the Responsible Party |  | 
|1122(d)(2)(vii) |  | Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts
and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed
and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of
days specified in the transaction agreements.                                                 |  | X                             |  |                                                                |  | 
|                |  | Investor Remittances and
Reporting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  |                               |  |                                                                |  | 
|1122(d)(3)(i)   |  | Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements
and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in
the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors or the trustees records as to the total unpaid principal balance and number of asset backed security
transactions of automobile and light duty truck retail installment sales contracts serviced by the Servicer. |  | X                             |  |                                                                |  | 
|1122(d)(3)(ii)  |  | Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth
in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  | X                             |  |                                                                |  | 
|1122(d)(3)(iii) |  | Disbursements made to an investor are posted within two business days to the Servicers investor records, or such other number
of days specified in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  | X                             |  |                                                                |  | 
|1122(d)(3)(iv)  |  | Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank
statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  | X                             |  |                                                                |  | 
|                |  | Pool Asset Administration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |  |                               |  |                                                                |  | 
|1122(d)(4)(i)   |  | Collateral or security on asset backed security transactions of automobile and light duty truck retail installment sales contracts
is maintained as required by the transaction agreements or related documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |  | X                             |  |                                                                |  | 
|1122(d)(4)(ii)  |  | Asset backed security transactions of automobile and light duty truck retail installment sales contracts and related documents are
safeguarded as required by the transaction agreements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  | X2                            |  | X2                                                             |  | 
|1122(d)(4)(iii) |  | Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or
requirements in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  | X                             |  |                                                                |  | 
|1122(d)(4)(iv)  |  | Payments on asset backed security transactions of automobile and light duty truck retail installment sales contracts, including any
payoffs, made in accordance with the related documents are posted to the Servicers obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to
principal, interest or other items (e.g., escrow) in accordance with the related asset backed security documents.                                                                                                                                                                                                                                            |  | X                             |  |                                                                |  | 



2 Safeguarding of documents with respect to certain pool assets are maintained by a third party
vendor that provides document imaging services with respect to those assets on behalf of WOFC. WOFC has elected to take responsibility for assessing compliance by that vendor with that portion of the servicing criterion under
Item 1122(d)(4)(ii) of Regulation AB that relates to that vendors activities.



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|                 |  | SERVICING CRITERIA                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |  | APPLICABLE SERVICING CRITERIA |  | INAPPLICABLE SERVICING CRITERIA                               
|Reference        |  | Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |  | Performed Directly by WOFC    |  | Performed by Vendor(s) for which WOFC is the Responsible Party |  |  
|1122(d)(4)(v)    |  | The Servicers records regarding the asset backed security transactions of automobile and light duty truck retail installment
sales contracts agree with the Servicers records with respect to an obligors unpaid principal balance.                                                                                                                                                                                                                                                                                                                                                                                                                       |  | X                             |  |                                                                |  |  
|1122(d)(4)(vi)   |  | Changes with respect to the terms or status of an obligors asset backed security transactions (e.g., loan modifications or
re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.                                                                                                                                                                                                                                                                                                                                                                               |  | X                             |  |                                                                |  |  
|1122(d)(4)(vii)  |  | Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and
repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.                                                                                                                                                                                                                                                                                                                                                       |  | X                             |  |                                                                |  |  
|1122(d)(4)(viii) |  | Records documenting collection efforts are maintained during the period an asset backed security transactions of automobile and
light duty truck retail installment sales contracts is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the
entitys activities in monitoring delinquent asset backed security transactions including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or
unemployment).                         |  | X3                            |  | X3                                                             |  |  
|1122(d)(4)(ix)   |  | Adjustments to interest rates or rates of return for asset backed security transactions of automobile and light duty truck retail
installment sales contracts with variable rates are computed based on the related asset backed security documents.                                                                                                                                                                                                                                                                                                                                                                                                         |  |                               |  |                                                                |  | X
|1122(d)(4)(x)    |  | Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the
obligors asset backed security transactions documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable asset
backed security transactions documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related asset backed security transactions, or such other number of days specified in the
transaction agreements. |  |                               |  |                                                                |  | X
|1122(d)(4)(xi)   |  | Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration
dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the Servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction
agreements.                                                                                                                                                                                                                                                              |  |                               |  |                                                                |  | X
|1122(d)(4)(xii)  |  | Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicers funds
and not charged to the obligor, unless the late payment was due to the obligors error or omission.                                                                                                                                                                                                                                                                                                                                                                                                                          |  |                               |  |                                                                |  | X
|1122(d)(4)(xiii) |  | Disbursements made on behalf of an obligor are posted within two business days to the obligors records maintained by the
Servicer, or such other number of days specified in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  |                               |  |                                                                |  | X





3 Records documenting certain collection efforts with respect to certain pool assets are
maintained by a third party vendor that provides such collection efforts with respect to those assets on behalf of WOFC. WOFC has elected to take responsibility for assessing compliance by that vendor with that portion of the servicing criterion
under Item 1122(d)(4)(viii) of Regulation AB that relates to that vendors activities.



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|                |  | SERVICING CRITERIA                                                                                                                                                            |  | APPLICABLE SERVICING CRITERIA |  | INAPPLICABLE SERVICING CRITERIA                               
|Reference       |  | Criteria                                                                                                                                                                      |  | Performed Directly by WOFC    |  | Performed by Vendor(s) for which WOFC is the Responsible Party |  |  
|1122(d)(4)(xiv) |  | Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.                                              |  | X                             |  |                                                                |  |  
|1122(d)(4)(xv)  |  | Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as
set forth in the transaction agreements. |  |                               |  |                                                                |  | X