300 North LaSalle
Chicago, Illinois 60654
September 16, 2021
World Omni Auto Receivables LLC
250 Jim Moran Blvd.
Deerfield Beach, FL 33442
Re: U.S. Federal Income Tax Consequences
We are issuing this opinion letter in our capacity as special U.S.
federal tax counsel to World Omni Auto Receivables LLC (the “Depositor”) and World Omni Financial Corp. (“World
Omni”) in connection with the issuance of Offered Notes (as defined on Exhibit A hereto) by World Omni Select Auto Trust
2021-A (the “Issuing Entity”) pursuant to an Indenture (the “Indenture”), to be dated as of September 22,
2021, by and between the Issuing Entity and Wilmington Trust, National Association, as indenture trustee (the “Indenture Trustee”).
Only the Offered Notes are being offered for sale in a transaction pursuant to the registration requirements of the Securities Act of
1933, as amended (the “Securities Act”).
The Issuing Entity intends to issue the Offered Notes on or about September 22,
2021 (the “Issuance Date”). We are familiar with the proceedings required to be taken in connection with the proposed
authorization, issuance and sale of the Offered Notes, and in order to express the opinion hereinafter stated, we have examined:
(i) a copy of the registration statement on Form SF-3 (File
No. 333-228112) (the “Registration Statement”) that was filed with the Securities and Exchange Commission (the
“Commission”) pursuant to Rule 415 under the Securities Act on November 1, 2018, as amended by pre-effective
Amendment No. 1 on January 18, 2019, with respect to asset-backed notes, including the Offered Notes, to be issued and sold
in series from time to time, in the form in which it became effective, including the exhibits thereto;
(ii) a copy of the preliminary prospectus, dated September 7,
2021, relating to the Offered Notes that was filed with the Commission on September 7, 2021, pursuant to Rule 424(h)(1) under
the Securities Act, and a copy of the prospectus, dated September 14, 2021, relating to the Offered Notes that was filed with the
Commission on September 16, 2021 (the “Prospectus”) pursuant to Rule 424(b)(5) under the Securities
(iii) a copy of the Trust Agreement, dated as of August 13,
2021, and a form of the amended and restated Trust Agreement; to be dated as of the Issuance Date, each by and between the Depositor and
BNY Mellon Trust of Delaware, as owner trustee;
(iv) a form of the Sale and Servicing Agreement, to be dated as
of the Issuance Date, by and among the Depositor, World Omni, as servicer, and the Issuing Entity;
(v) a form of the Indenture;
(vi) a form of the Receivables Purchase Agreement, to be dated
as of the Issuance Date, by and between World Omni and the Depositor;
(vii) a form of the Administration Agreement, to be dated as of
the Issuance Date, by and among the Issuing Entity, the Indenture Trustee, the Depositor and World Omni, as administrator;
(viii) a form of the Asset Representations Review Agreement, to
be dated as of the Issuance Date, by and among the Issuing Entity, World Omni, as servicer, and Clayton Fixed Income Services LLC, as
asset representations reviewer; and
(ix) such other documents as we have deemed necessary for the
expression of the opinions contained herein.
The documents described in clauses (iii) through (viii) collectively
are referred to herein as the “Transaction Documents.”
We have examined such other documents and such matters of law, and
we have satisfied ourselves as to such matters of fact, as we have considered relevant for purposes of this opinion letter.
The opinion set forth in this letter is based upon the applicable provisions
of the Internal Revenue Code of 1986, as amended, Treasury regulations promulgated and proposed thereunder, current positions of the Internal
Revenue Service (the “IRS”) contained in published Revenue Rulings and Revenue Procedures, current administrative positions
of the IRS and existing judicial decisions. No tax rulings will be sought from the IRS with respect to any of the matters discussed herein.
Moreover, the statutory provisions, regulations, interpretations and other authorities upon which our opinion is based are subject to
change, and such changes could apply retroactively. In addition, there can be no assurance that positions contrary to those stated in
our opinion will not be taken by the IRS. Our opinion is in no way binding on the IRS or any court, and it is possible that the IRS or
a court could, when presented with these facts, reach a different conclusion. In rendering such opinion, we have assumed that the Issuing
Entity will be operated in accordance with the terms of the Transaction Documents.
Based on the foregoing and assuming that the Transaction Documents
are duly authorized, executed and delivered in substantially the form we have examined and that the transactions contemplated to occur
under the Transaction Documents in fact occur in accordance with the terms thereof, to the extent that the discussions presented in the
Prospectus under the captions “Summary of Terms—Tax Status” and “Material U.S. Federal Income Tax Consequences”
expressly state our opinion, or state that our opinion has been or will be provided as to the Offered Notes, we hereby confirm and adopt
such opinion herein. There can be no assurance, however, that the conclusions of U.S. federal tax law presented therein will not be successfully
challenged by the IRS or significantly altered by new legislation, changes in IRS positions or judicial decisions, any of which challenges
or alterations may be applied retroactively with respect to completed transactions.
Except for the opinion expressed above, we express no opinion as to
any other tax consequences of the transaction to any party under federal, state, local or foreign laws. In addition, we express no opinion
as to the laws of any jurisdiction other than the federal laws of the United States of America to the extent specifically referred to
herein. This letter is limited to the specific issues addressed herein and the opinion rendered above are limited in all respects to laws
and facts existing on the date hereof. By rendering this opinion letter, we do not undertake to advise you with respect to any other matter
or of any change in such laws or facts or in the interpretations of such laws which may occur after the date hereof or as to any future
action that may become necessary to maintain the character of any Offered Notes as described in the Prospectus or to maintain the Issuing
Entity as an entity that will not be characterized as an association (or publicly traded partnership), in either case, taxable as a corporation
for U.S. federal income tax purposes.
We hereby consent to the filing of this opinion letter on Form 8-K
in connection with the sale of the Offered Notes and the reference to our firm in the Prospectus under the caption “Legal Matters.”
In giving this consent, we do not thereby admit that we come within the category of persons whose consent is required under Section 7
of the Securities Act or the rules and regulations of the Commission thereunder.
||Very truly yours,|
||/s/ Kirkland & Ellis LLP|
||KIRKLAND & ELLIS LLP|
(i) $181,000,000 aggregate principal amount of the 0.09567% Class A-1
Asset-Backed Notes (the “Class A-1 Notes”);
(ii) $366,000,000 aggregate principal amount of the 0.29% Class A-2
Asset-Backed Notes (the “Class A-2 Notes”);
(iii) $270,050,000 aggregate principal amount of the 0.53% Class A-3
Asset-Backed Notes (the “Class A-3 Notes”);
(iv) $61,020,000 aggregate principal amount of the 0.85% Class B
Asset-Backed Notes (the “Class B Notes”);
(v) $61,020,000 aggregate principal amount of the 1.09% Class C
Asset-Backed Notes (the “Class C Notes”); and
(vi) $47,750,000 aggregate principal amount of the 1.44% Class D
Asset-Backed Notes (the “Class D Notes”).
The Class A-1 Notes, the Class A-2 Notes, the Class A-3
Notes, the Class B Notes, the Class C Notes and the Class D Notes are referred to collectively herein as the “Offered