UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549



FORM 10-K



(Mark One)

x
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934



For the fiscal year ended December 31, 2018



 ̈ TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



Commission File Number of issuing entity: 333-210865-05



Central Index Key Number of issuing entity: 0001749273



WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TRUST 2018-B

(Exact name of issuing entity as specified
in its charter)



Central Index Key Number of depositor: 0001439697



WORLD OMNI AUTO LEASING LLC

(Exact name of depositor as specified in
its charter)



Central Index Key Number of sponsor: 0001004150



WORLD
OMNI FINANCIAL CORP.

(Exact name of sponsor as specified in its
charter)








Delaware

(State or other jurisdiction of incorporation
or organization)



90-0399122

(I.R.S. Employer Identification No.)



190 Jim Moran Boulevard

Deerfield Beach, FL 33442

(Address of principal executive offices)



Registrant's telephone number, including
area code: (954) 429-2200



Securities registered pursuant to Section
12(b) of the Act:

None



Securities registered pursuant to Section
12(g) of the Act:

None



Indicate by check
mark if the registrant is a well−known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ̈Nox



Indicate by check
mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes ̈Nox



Indicate by check
mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days.

YesxNo ̈



Indicate by check
mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Item
405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant
was required to submit such files).

Yes ̈No ̈



Indicate by check
mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained
herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated
by reference in Part III of this Form 10-K or any amendment to this Form 10-K.

x



Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated
filer, a smaller reporting company, or emerging growth company. See the definitions of “large accelerated filer,” “accelerated
filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.



|Large accelerated filer |  ̈ | Accelerated filer         |  ̈
|----------------------- | - | ------------------------- | -
|                        |   |                           |  
|Non-accelerated filer   | x | Smaller reporting company |  ̈
|                        |   |                           |  
|                        |   | Emerging growth company   |  ̈



If an emerging growth
company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 ̈



Indicate by check
mark whether the registrant is a shell company (as defined in Rule 12b−2 of the Act).

Yes ̈Nox



State the aggregate
market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the
common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s
most recently completed second fiscal quarter.

Not applicable.



Indicate the number
of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date.

Not applicable.



DOCUMENTS INCORPORATED BY REFERENCE



List hereunder the
following documents if incorporated by reference and the part of the Form 10−K (e.g., Part I, Part II, etc.) into which the
document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information statement; and, (3) Any prospectus
filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described for identification
purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980).

None
















World Omni Automobile Lease Securitization Trust 2018-B



PART I



| | Item 1. | Business.
| | ------- | ---------

Not Applicable.



| | Item 1A. | Risk Factors.
| | -------- | -------------

Not Applicable.



| | Item 1B. | Unresolved Staff Comments.
| | -------- | --------------------------

Not Applicable.



| | Item 2. | Properties.
| | ------- | -----------

Not Applicable.



| | Item 3. | Legal Proceedings.
| | ------- | ------------------

Not Applicable.



| | Item 4. | Mine Safety Disclosures.
| | ------- | ------------------------

Not Applicable.



Substitute Information Provided in Accordance with General
Instruction J to Form 10-K:



ITEM 1112(B) OF REGULATION AB. SIGNIFICANT OBLIGORS OF POOL
ASSETS (FINANCIAL INFORMATION).



No single obligor represents 10% or more of the pool assets held by World Omni Auto Automobile Lease Securitization
Trust 2018-B (the "Trust").



ITEM 1114(B)(2) OF REGULATION AB. CREDIT ENHANCEMENT AND OTHER
SUPPORT, EXCEPT FOR CERTAIN DERIVATIVES INSTRUMENTS (INFORMATION REGARDING SIGNIFICANT ENHANCEMENT PROVIDERS).



No entity or group of affiliated entities
provides any external credit enhancement or other support with respect to either payment on the pool assets held by the Trust or
payments on the notes (the "Notes") or certificates (the "Certificates") issued by the Trust.



ITEM 1115(B) OF REGULATION AB. CERTAIN DERIVATIVE INSTRUMENTS
(FINANCIAL INFORMATION).



Based on the standards set forth in Item
1115(b) of Regulation AB, no information is required in response to this item.



ITEM 1117 OF REGULATION AB. LEGAL PROCEEDINGS.



No legal proceedings are pending (or known to be contemplated by governmental authorities) against any
of World Omni Financial Corp. (the "Sponsor"), World Omni Auto Leasing LLC (the "Depositor"), MUFG Union Bank,
N.A. (the "Indenture Trustee"), the Trust or the other parties described in Item 1117 of Regulation AB nor is any property
of any of the foregoing entities subject to any such proceedings, that are material to holders of the Notes or the Certificates.



PART II



| | Item 5. | Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
| | ------- | -------------------------------------------------------------------------------------------------------------

Not applicable.



| | Item 6. | Selected Financial Data.
| | ------- | ------------------------

Not applicable.











| | Item 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations.
| | ------- | --------------------------------------------------------------------------------------

Not applicable.



| | Item 7A. | Quantitative and Qualitative Disclosures About Market Risk.
| | -------- | -----------------------------------------------------------

Not applicable.



| | Item 8. | Financial Statements and Supplementary Data.
| | ------- | --------------------------------------------

Not applicable.



| | Item 9. | Changes In and Disagreements With Accountants on Accounting
and Financial Disclosure.
| | ------- | -------------------------------------------------------------------------------------

Not applicable.



| | Item 9A. | Controls and Procedures.
| | -------- | ------------------------

Not applicable.



| | Item 9B. | Other Information.
| | -------- | ------------------

Not applicable.



PART III



| | Item 10. | Directors, Executive Officers and Corporate Governance.
| | -------- | -------------------------------------------------------

Not applicable because
there are no directors or executive officers of the registrant.



| | Item 11. | Executive Compensation.
| | -------- | -----------------------

Not applicable.



| | Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
| | -------- | -----------------------------------------------------------------------------------------------

Not Applicable.



| | Item 13. | Certain Relationships and Related Transactions, and Director Independence.
| | -------- | --------------------------------------------------------------------------

Not applicable.



| | Item 14. | Principal Accountant Fees and Services.
| | -------- | ---------------------------------------

Not applicable.



Substitute Information Provided in Accordance with General
Instruction J to Form 10-K:



ITEM 1119 OF REGULATION AB. AFFILIATIONS AND CERTAIN RELATIONSHIPS
AND RELATED TRANSACTIONS.



The Sponsor is the originator, as contemplated by Item 1110 of Regulation AB, of all of the pool assets
assigned to World Omni LT (the “Titling Trust”). The Titling Trust issues exchange notes, which are secured by certain
leases and leased vehicles allocated to the related reference pool of the Titling Trust, including the 2018-B Reference Pool, to
Auto Lease Finance LLC. Auto Lease Finance LLC has sold the exchange note secured by the 2018-B Reference Pool to the Depositor,
which has transferred such exchange note to the Issuing Entity. The Sponsor is also the primary servicer. The Depositor is a wholly-owned
subsidiary of the Sponsor and, therefore, a wholly-owned subsidiary of the originator and the primary servicer. Through its purchase
of the Certificates, the Depositor has acquired a 100% ownership interest in the Trust; therefore, the Trust is an affiliated party
of the Depositor and, indirectly, of the Sponsor (including in its role as originator and primary servicer).



The Indenture Trustee is not affiliated
with any of the Sponsor (including in its role as originator and primary servicer), the Depositor or the Trust.



There are no significant obligors, external
enhancement or support providers, or other material parties related to the Notes or Certificates.











In addition, there are no business relationships,
agreements, arrangements, transactions or understandings outside the ordinary course of business or on terms other than would be
obtained in an arm's length transaction with an unrelated party, apart from the transaction involving the issuance of the Notes
and Certificates by the Trust, between the Sponsor, the Depositor or the Trust and any of the parties mentioned in this Item.



ITEM 1122 OF REGULATION AB. COMPLIANCE WITH APPLICABLE SERVICING
CRITERIA.



The Sponsor (in its role as servicer) and
the Indenture Trustee (collectively, the "Servicing Parties") have each been identified by the registrant as parties
participating in the servicing function with respect to the asset pool held by the Trust. Each of the Servicing Parties has completed
a report on an assessment of compliance with the servicing criteria applicable to it under Item 1122 of Regulation AB (each, a
"Servicing Report"), which Servicing Reports are attached as exhibits to this Form 10-K. In addition, each of the Servicing
Parties has provided an attestation report (each, an "Attestation Report") by one or more registered public accounting
firms, which reports are also attached as exhibits to this Form 10-K. Neither of the Servicing Reports prepared by the Servicing
Parties, or the corresponding Attestation Reports, has identified any material instance of noncompliance with the servicing criteria
applicable to the respective Servicing Party.



ITEM 1123 OF REGULATION AB. SERVICER COMPLIANCE STATEMENT.



The Sponsor (in its role as servicer) has
been identified by the registrant as servicer with respect to the asset pool held by the Trust. The Sponsor has completed a statement
of compliance (a "Compliance Statement"), signed by an authorized officer of the Sponsor. The Compliance Statement is
attached as an exhibit to this Form 10-K.



PART IV



| | Item 15. | Exhibits, Financial Statement Schedules.
| | -------- | ----------------------------------------



| | (a)(1) | Not applicable.
| | ------ | ---------------

| | (a)(2) | Not applicable.
| | ------ | ---------------

| | (a)(3) | See item 15(b) below.
| | ------ | ---------------------



(b)       The
following documents are included as part of, or incorporated by reference to, this annual report:





|Exhibit No.
|-----------
|           
|1.1        
|           
|3.1        
|           
|3.2        
|           
|4.1        
|           
|10.1       
|           
|10.2       













|10.3  | 2018-B Exchange Note Supplement to Collateral Agency Agreement, dated as of September 19, 2018, relating
to the Trust. Incorporated by reference to Exhibit 10.3 to the Registrant’s Current Report on Form 8-K, Registration File
Number 333-210865-05, filed with the Commission on September 19, 2018.                                                         
|----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.4  | Exchange Note Servicing Supplement 2018-B to Closed-End Servicing Agreement, dated as of September 19,
2018, relating to the Trust. Incorporated by reference to Exhibit 10.4 to the Registrant’s Current Report on Form 8-K, Registration
File Number 333-210865-05, filed with the Commission on September 19, 2018.                                            
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.5  | Second Amended and Restated Trust Agreement of World Omni LT among Auto Lease Finance LLC, World Omni Financial Corp., VT Inc., U.S. Bank National Association and U.S. Bank Trust National Association.  Incorporated by reference to Exhibit 10.1 to the Registrant’s Form SF-3, Registration File Number 333-210865, filed on April 22, 2016.                  
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.6  | Fifth Amended and Restated Servicing Agreement among World Omni LT, AL Holding Corp. and World Omni Financial Corp. Incorporated by reference to Exhibit 10.5 to the Registrant’s Form SF-3, Registration File Number 333-210865, filed on April 22, 2016.                                                                                                        
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.7  | First Amendment to Fifth Amended and Restated Servicing Agreement among World Omni LT, AL Holding Corp. and World Omni Financial Corp. Incorporated by reference to Exhibit 10.6 to the Registrant’s Form SF-3, Registration File Number 333-210865, filed on April 22, 2016.                                                                                     
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.8  | Second Amendment to Fifth Amended and Restated Servicing Agreement among World Omni LT, AL Holding Corp. and World Omni Financial Corp. Incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K, Registration File Number 333-152253, filed on August 18, 2016.                                                                  
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.9  | Fourth Amended and Restated Collateral Agency Agreement among World Omni LT, AL Holding Corp., Bank of America, N.A., U.S. Bank National Association and the secured parties thereto from time to time.  Incorporated by reference to Exhibit 10.8 to the Registrant’s Form SF-3, Registration File Number 333-210865, filed on April 22, 2016.                   
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.10 | First Amendment to Fourth Amended and Restated Collateral Agency Agreement among World Omni LT, AL Holding Corp., Bank of America, N.A., U.S. Bank National Association and the secured parties thereto from time to time.  Incorporated by reference to Exhibit 10.9 to the Registrant’s Form SF-3, Registration File Number 333-210865, filed on April 22, 2016.
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.11 | Second Amendment to Fourth Amended and Restated Collateral Agency Agreement among World Omni LT, AL Holding Corp., Bank of America, N.A., U.S. Bank National Association and the secured parties thereto from time to time.                                                                                                                                       
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.12 | Third Amended and Restated Pledge and Security Agreement between World Omni LT and AL Holding Corp.  Incorporated by reference to Exhibit 10.10 to the Registrant’s Form SF-3, Registration File Number 333-210865, filed on April 22, 2016.                                                                                                                      
|      |                                                                                                                                                                                                                                                                                                                                                                   
|31.1  | Rule 13a-14(d)/15d-14(d) Certification.                                                                                                                                                                                                                                                                                                                           
|      |                                                                                                                                                                                                                                                                                                                                                                   
|33.1  | Report on Assessment of Compliance with Applicable Servicing Criteria of World Omni Financial Corp., as Servicer.                                                                                                                                                                                                                                                 
|      |                                                                                                                                                                                                                                                                                                                                                                   
|33.2  | Assertion of Compliance with Applicable Servicing Criteria of MUFG Union Bank, N.A., as Indenture Trustee.                                                                                                                                                                                                                                                        
|      |                                                                                                                                                                                                                                                                                                                                                                   
|34.1  | Report of Independent Registered Certified Public Accounting Firm of PricewaterhouseCoopers LLP, on behalf of World Omni Financial Corp.                                                                                                                                                                                                                          
|      |                                                                                                                                                                                                                                                                                                                                                                   
|34.2  | Report of Independent Registered Public Accounting Firm of Deloitte & Touche LLP, on behalf of MUFG Union Bank, N.A.                                                                                                                                                                                                                                              





















|35.1 | Servicer Compliance Statement of World Omni Financial Corp., as Servicer.                                                                                                                                                                                                        
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                                                                                                                                                                                  
|99.1 | Trust Agreement, dated as of September 19, 2018, relating to the Trust.  Incorporated by reference to Exhibit 99.1 to the Registrant’s Current Report on Form 8-K, Registration File Number 333-210865-05, filed with the Commission on September 19, 2018.                      
|     |                                                                                                                                                                                                                                                                                  
|99.2 | Administration Agreement, dated as of September 19, 2018, relating to the Trust.  Incorporated by reference to Exhibit 99.2 to the Registrant’s Current Report on Form 8-K, Registration File Number 333-210865-05, filed with the Commission on September 19, 2018.             
|     |                                                                                                                                                                                                                                                                                  
|99.3 | Asset Representations Review Agreement, dated as of September 19, 2018, relating to the Trust. Incorporated by reference to Exhibit 99.3 to the Registrant’s Current Report on Form 8-K, Registration File Number 333-210865-05, filed with the Commission on September 19, 2018.





| | (c) | Not applicable.
| | --- | ---------------



| | Item 16. | Form 10-K Summary.
| | -------- | ------------------

None.











EXHIBIT INDEX





|1.1   | Underwriting Agreement, dated as of September 11, 2018, relating to the Trust. Incorporated by reference
to Exhibit 1.1 to the Registrant’s Current Report on Form 8-K, Registration File Number 333-210865-05, filed with the Commission
on September 13, 2018.                                                                                                  
|----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      |                                                                                                                                                                                                                                                                                                                                                                   
|3.1   | Certificate of Formation of the Depositor.  Incorporated by reference to Exhibit 3.1 to the Registrant’s Form SF-3, Registration File Number 333-210865, filed on April 22, 2016.                                                                                                                                                                                 
|      |                                                                                                                                                                                                                                                                                                                                                                   
|3.2   | Amended and Restated Limited Liability Company Agreement of the Depositor.  Incorporated by reference to Exhibit 3.2 to the Registrant’s Form SF-3, Registration File Number 333-210865, filed on April 22, 2016.                                                                                                                                                 
|      |                                                                                                                                                                                                                                                                                                                                                                   
|4.1   | Indenture, dated as of September 19, 2018, relating to the Trust. Incorporated by reference to Exhibit
4.1 to the Registrant’s Current Report on Form 8-K, Registration File Number 333-210865-05, filed with the Commission on
September 19, 2018.                                                                                                               
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.1  | Exchange Note Sale Agreement, dated as of September 19, 2018, relating to the Trust. Incorporated by reference
to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K, Registration File Number 333-210865-05, filed with the Commission
on September 19, 2018.                                                                                           
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.2  | Exchange Note Transfer Agreement, dated as of September 19, 2018, relating to the Trust. Incorporated
by reference to Exhibit 10.2 to the Registrant’s Current Report on Form 8-K, Registration File Number 333-210865-05, filed
with the Commission on September 19, 2018.                                                                                       
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.3  | 2018-B Exchange Note Supplement to Collateral Agency Agreement, dated as of September 19, 2018, relating
to the Trust. Incorporated by reference to Exhibit 10.3 to the Registrant’s Current Report on Form 8-K, Registration File
Number 333-210865-05, filed with the Commission on September 19, 2018.                                                         
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.4  | Exchange Note Servicing Supplement 2018-B to Closed-End Servicing Agreement, dated as of September 19,
2018, relating to the Trust. Incorporated by reference to Exhibit 10.4 to the Registrant’s Current Report on Form 8-K, Registration
File Number 333-210865-05, filed with the Commission on September 19, 2018.                                            
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.5  | Second Amended and Restated Trust Agreement of World Omni LT among Auto Lease Finance LLC, World Omni Financial Corp., VT Inc., U.S. Bank National Association and U.S. Bank Trust National Association.  Incorporated by reference to Exhibit 10.1 to the Registrant’s Form SF-3, Registration File Number 333-210865, filed on April 22, 2016.                  
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.6  | Fifth Amended and Restated Servicing Agreement among World Omni LT, AL Holding Corp. and World Omni Financial Corp. Incorporated by reference to Exhibit 10.5 to the Registrant’s Form SF-3, Registration File Number 333-210865, filed on April 22, 2016.                                                                                                        
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.7  | First Amendment to Fifth Amended and Restated Servicing Agreement among World Omni LT, AL Holding Corp. and World Omni Financial Corp. Incorporated by reference to Exhibit 10.6 to the Registrant’s Form SF-3, Registration File Number 333-210865, filed on April 22, 2016.                                                                                     
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.8  | Second Amendment to Fifth Amended and Restated Servicing Agreement among World Omni LT, AL Holding Corp. and World Omni Financial Corp. Incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K, Registration File Number 333-152253, filed on August 18, 2016.                                                                  
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.9  | Fourth Amended and Restated Collateral Agency Agreement among World Omni LT, AL Holding Corp., Bank of America, N.A., U.S. Bank National Association and the secured parties thereto from time to time.  Incorporated by reference to Exhibit 10.8 to the Registrant’s Form SF-3, Registration File Number 333-210865, filed on April 22, 2016.                   
|      |                                                                                                                                                                                                                                                                                                                                                                   
|10.10 | First Amendment to Fourth Amended and Restated Collateral Agency Agreement among World Omni LT, AL Holding Corp., Bank of America, N.A., U.S. Bank National Association and the secured parties thereto from time to time.  Incorporated by reference to Exhibit 10.9 to the Registrant’s Form SF-3, Registration File Number 333-210865, filed on April 22, 2016.

















|10.11 | Second Amendment to Fourth Amended and Restated Collateral Agency Agreement among World Omni LT, AL Holding Corp., Bank of America, N.A., U.S. Bank National Association and the secured parties thereto from time to time.                                                      
|----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      |                                                                                                                                                                                                                                                                                  
|10.12 | Third Amended and Restated Pledge and Security Agreement between World Omni LT and AL Holding Corp.  Incorporated by reference to Exhibit 10.10 to the Registrant’s Form SF-3, Registration File Number 333-210865, filed on April 22, 2016.                                     
|      |                                                                                                                                                                                                                                                                                  
|31.1  | Rule 13a-14(d)/15d-14(d) Certification.                                                                                                                                                                                                                                          
|      |                                                                                                                                                                                                                                                                                  
|33.1  | Report on Assessment of Compliance with Applicable Servicing Criteria of World Omni Financial Corp., as Servicer.                                                                                                                                                                
|      |                                                                                                                                                                                                                                                                                  
|33.2  | Assertion of Compliance with Applicable Servicing Criteria of MUFG Union Bank, N.A., as Indenture Trustee.                                                                                                                                                                       
|      |                                                                                                                                                                                                                                                                                  
|34.1  | Report of Independent Registered Certified Public Accounting Firm of PricewaterhouseCoopers LLP, on behalf of World Omni Financial Corp.                                                                                                                                         
|      |                                                                                                                                                                                                                                                                                  
|34.2  | Report of Independent Registered Public Accounting Firm of Deloitte & Touche LLP, on behalf of MUFG Union Bank, N.A.                                                                                                                                                             
|      |                                                                                                                                                                                                                                                                                  
|35.1  | Servicer Compliance Statement of World Omni Financial Corp., as Servicer.                                                                                                                                                                                                        
|      |                                                                                                                                                                                                                                                                                  
|99.1  | Trust Agreement, dated as of September 19, 2018, relating to the Trust.  Incorporated by reference to Exhibit 99.1 to the Registrant’s Current Report on Form 8-K, Registration File Number 333-210865-05, filed with the Commission on September 19, 2018.                      
|      |                                                                                                                                                                                                                                                                                  
|99.2  | Administration Agreement, dated as of September 19, 2018, relating to the Trust.  Incorporated by reference to Exhibit 99.2 to the Registrant’s Current Report on Form 8-K, Registration File Number 333-210865-05, filed with the Commission on September 19, 2018.             
|      |                                                                                                                                                                                                                                                                                  
|99.3  | Asset Representations Review Agreement, dated as of September 19, 2018, relating to the Trust. Incorporated by reference to Exhibit 99.3 to the Registrant’s Current Report on Form 8-K, Registration File Number 333-210865-05, filed with the Commission on September 19, 2018.















SIGNATURES



Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.



| | World Omni Automobile Lease Securitization Trust 2018-B
| | -------------------------------------------------------
| |                                                        
| | By: World Omni Financial Corp.,                        
| | as Servicer on behalf of the Trust                     



Date: March 8, 2019



| | /s/ Edward J. Brown, Jr.                            
| | ----------------------------------------------------
| | Edward J. Brown, Jr.                                
| | Group Vice President                                
| | (Senior officer in charge of the servicing function)
| | World Omni Financial Corp.                          
| | (Servicer on behalf of the Trust)                   



Supplemental Information
to be Furnished With Reports Filed Pursuant to Section 15(d) of the Act by Registrants Which Have Not Registered Securities Pursuant
to Section 12 of the Act.



No annual report or proxy
materials have been sent to security holders and no such report or proxy materials are to be furnished to security holders subsequent
to the filing of this Annual Report on Form 10-K.