SALE AND SERVICING AGREEMENT

among

WORLD OMNI AUTO RECEIVABLES TRUST 2007-A Issuing Entity,

WORLD OMNI AUTO RECEIVABLES LLC, Depositor,

and

WORLD OMNI FINANCIAL CORP., Servicer

Series 2007-A

Dated as of February 21, 2007

ARTICLE I DEFINITIONS 1

Section 1.01 Definitions 1

ARTICLE II CONVEYANCE OF RECEIVABLES 1

Section 2.01 Conveyance of Initial Receivables 1

Section 2.02 Intention of Parties 2

Section 2.03 Conveyance of Subsequent Receivables 3

ARTICLE III THE RECEIVABLES 5

Section 3.01 Representations and Warranties of World Omni with Respect to the Receivables 5

Section 3.02 Repurchase upon Breach 9

Section 3.03 Custody of Receivable Files 9

Section 3.04 Duties of Servicer as Custodian 10

Section 3.05 Instructions; Authority To Act 11

Section 3.06 Custodians Indemnification 11

Section 3.07 Effective Period and Termination 11

ARTICLE IV ADMINISTRATION AND SERVICING OF RECEIVABLES 11

Section 4.01 Duties of Servicer 12

Section 4.02 Collection and Allocation of Receivable Payments 12

Section 4.03 Realization upon Receivables 13

Section 4.04 Physical Damage Insurance 13

Section 4.05 Maintenance of Security Interests in Financed Vehicles 13

Section 4.06 Covenants of Servicer 13

Section 4.07 Purchase of Receivables upon Breach 14

Section 4.08 Servicing Fee 14

Section 4.09 Servicers Certificate 14

Section 4.10 Annual Statement as to Compliance; Item 1122 Servicing Criteria Assessment; Notice of Default 14

Section 4.11 Annual Independent Certified Public Accountants Report 15

Section 4.12 Access to Certain Documentation and Information Regarding Receivables 16

Section 4.13 Servicer Expenses 16

Section 4.14 Appointment of Subservicer 16

Section 4.15 [Reserved] 16

Section 4.16 Exchange Act Certifications 17

ARTICLE V TRUST ACCOUNTS; DISTRIBUTIONS; STATEMENTS TO CERTIFICATEHOLDERS AND NOTEHOLDERS 17

Section 5.01 Establishment of Trust Accounts 17

Section 5.02 Collections 21

Section 5.03 Application of Collections 21

Section 5.04 Advances 21

Section 5.05 Additional Deposits 21

Section 5.06 Distributions 21

Section 5.07 Reserve Account 24

Section 5.08 Statements to Noteholders and Certificateholders 24

Section 5.09 Net Deposits 26

Section 5.10 Transfer of Certificates 26

ARTICLE VI THE DEPOSITOR 27

Section 6.01 Representations of Depositor 27

Section 6.02 Limited Liability Company Existence 28

Section 6.03 Liability of Depositor; Indemnities 29

Section 6.04 Merger or Consolidation of, or Assumption of Obligations of Depositor 30

Section 6.05 Limitation on Liability of Depositor and Others 31

Section 6.06 Depositor May Own Notes 31

Section 6.07 Security Interest 31

ARTICLE VII THE SERVICER 31

Section 7.01 Representations of Servicer 31

Section 7.02 Indemnities of Servicer 33

Section 7.03 Merger or Consolidation of, or Assumption of Obligations of, Servicer 34

Section 7.04 Limitation on Liability of Servicer and Others 34

Section 7.05 World Omni Not To Resign as Servicer 35

ARTICLE VIII DEFAULT 35

Section 8.01 Servicer Default 35

Section 8.02 Appointment of Successor 36

Section 8.03 Notification to Noteholders and Certificateholders 37

Section 8.04 Waiver of Past Defaults 37

Section 8.05 Payment of Servicing Fees; Repayment of Advances 38

ARTICLE IX TERMINATION 38

Section 9.01 Optional Purchase of All Receivables 38

ARTICLE X MISCELLANEOUS 38

Section 10.01 Amendment 38

Section 10.02 Protection of Title to Trust 40

Section 10.03 Notices 41

Section 10.04 Assignment by the Depositor or the Servicer 42

Section 10.05 Limitations on Rights of Others 42

Section 10.06 Severability 42

Section 10.07 Separate Counterparts 42

Section 10.08 Headings 43

Section 10.09 Governing Law 43

Section 10.10 Assignment by Issuing Entity 43

Section 10.11 Nonpetition Covenants 43

Section 10.12 Limitation of Liability of Owner Trustee and Indenture Trustee 44

Section 10.13 Regulation AB 44

SALE AND SERVICING AGREEMENT

This SALE AND SERVICING AGREEMENT is dated as of February 21, 2007, among WORLD OMNI AUTO RECEIVABLES TRUST 2007-A, a Delaware statutory trust, WORLD OMNI AUTO RECEIVABLES LLC, a Delaware limited liability company, as depositor and WORLD OMNI FINANCIAL CORP., a Florida corporation.

WHEREAS, World Omni Financial Corp. has sold the Initial Receivables, and has agreed to sell Subsequent Receivables, if any, to World Omni Auto Receivables LLC pursuant to the Receivables Purchase Agreement;

WHEREAS, World Omni Auto Receivables LLC, as depositor, desires to sell the Initial Receivables and Subsequent Receivables, if any, to the Issuing Entity and the Issuing Entity desires to purchase such receivables; and

WHEREAS, the Servicer is willing to service, to make representations and warranties and to make certain repurchase representations with respect to such Receivables;

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the parties hereto agree as follows:

ARTICLE I DEFINITIONS

Section 1.01 Definitions

. Certain capitalized terms used in the above recitals and in this Agreement are defined in and shall have the respective meanings assigned them in Part I of Appendix A to this Agreement. All references herein to the Agreement or this Agreement are to this Sale and Servicing Agreement as it may be amended, supplemented (whether by Subsequent Transfer SSA Assignment, if any, or otherwise) or modified from time to time, the exhibits hereto and the capitalized terms used herein which are defined in such Appendix A, and all references herein to Articles, Sections and subsections are to Articles, Sections or subsections of this Agreement unless otherwise specified. The rules of construction set forth in Part II of such Appendix A shall be applicable to this Agreement.

ARTICLE II CONVEYANCE OF RECEIVABLES

Section 2.01 Conveyance of Initial Receivables

. In consideration of the Issuing Entitys delivery to or upon the order of the Depositor of the Notes and the Certificates, on the Closing Date the Depositor does hereby sell, transfer, assign, set over and otherwise convey to the Issuing Entity, without recourse (subject to the obligations of the Depositor set forth herein), pursuant to an assignment in the form attached hereto as Exhibit C (the Initial SSA Assignment) all right, title and interest of the Depositor whether now or hereafter acquired, and wherever located, in and to the following:

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