FORM 10-K

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 WASHINGTON, D.C. 20549

 FORM 10-K

 (Mark One)

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

 For the fiscal year ended December 31, 2023

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

 For the transition period from ______ to ______

 Commission File Number of issuing entity: 333-264720-02

 Central Index Key Number of issuing entity: 0001974913

 WORLD OMNI AUTOMOBILE
LEASE SECURITIZATION TRUST 2023-A

 (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.)

 250 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

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

 Yes No

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

 Yes
No

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.

 Yes No

by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule
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 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

 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.

by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness
of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the
registered public accounting firm that prepared or issued its audit report.

 If
securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant
included in the filing reflect the correction of an error to previously issued financial statements.

by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based
compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to
 §240.10D-1(b).

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

 Yes
 No

 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.

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

 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
2023-A

 Item 1.

 Business.

 Item 1A.
 Risk Factors.

 Item 1B.
 Unresolved Staff Comments.

 None.

 Item 1C.
 Cybersecurity.

 Item 2.
 Properties.

Item 3.

 Legal Proceedings.

Item 4.

 [Reserved].

 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 Automobile Lease Securitization Trust 2023-A (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"), Wilmington Trust, National Association (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.

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

 Item 6.
 [Reserved].

 Item 7.
 Management's Discussion and Analysis of Financial Condition and Results of Operations.

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

 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.

 Item 9B.
 Other Information.

 No other information.

 Item 9C.
 Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.

 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.

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

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

 Item 14.
 Principal Accountant Fees and Services.

 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 2023-A Reference Pool, to Auto Lease Finance LLC. Auto Lease Finance LLC has sold the exchange note secured by the
2023-A 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).

 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,
or as otherwise disclosed herein, 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.

 The Servicing Report with respect to the Sponsor
(in its role as servicer), and the corresponding Attestation Report, identified material instances of noncompliance with the applicable
servicing criteria. The Report on Assessment of Compliance with Applicable Servicing Criteria set forth by the Securities and Exchange
Commission in paragraph (d) of Item 1122 of Regulation AB as of and for the Reporting Period, disclosed that material instances of noncompliance
occurred with respect to the servicing criterion set forth in Items 1122(d)(3)(i)(C) as follows: certain instances were identified where
reports were not filed with the Commission as required by its rules and regulations; specifically, the reports were filed for the incorrect
reporting periods. Remedial actions taken or to be taken by the Sponsor (in its role as servicer) are outlined on the Servicing Report
attached as Exhibit 33.1 hereto. The identified instances of material noncompliance were determined to have involved the servicing of
the assets backing the asset-backed securities covered in this Form 10–K report.

 The Servicing Report prepared by the Indenture Trustee and the corresponding
Attestation Report did not identity any material instance of noncompliance with the applicable servicing criteria.

 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.

 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
 Underwriting Agreement, dated as of May 16, 2023, relating to the Trust. Incorporated by reference to Exhibit 1.1 to the Registrant's
Current Report on Form 8-K, Registration File Number 333-264720-02, filed with the Commission on May 18, 2023.

 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 333-264720, filed on May 5, 2022.

 3.2
 Certificate of Amendment of Certificate of Formation of the Depositor. Incorporated by reference to Exhibit 3.2 to the Registrant's
Form SF-3, Registration File Number 333-264720, filed on May 5, 2022.

 3.3
 Amended and Restated Limited Liability Company Agreement of the Depositor. Incorporated by reference to Exhibit 3.3 to the Registrant's
Form SF-3, Registration File Number 333-264720, filed on May 5, 2022.

 3.4
 Amendment No. 1 to Amended and Restated Limited Liability Company Agreement of the Depositor. Incorporated by reference to Exhibit
3.4 to the Registrant's Form SF-3, Registration File Number 333-264720, filed on May 5, 2022.

 4.1
 Indenture, dated as of May 24, 2023, relating to the Trust. Incorporated by reference to Exhibit 4.1 to the Registrant's Current
Report on Form 8-K, Registration File Number 333-264720-02, filed with the Commission on May 24, 2023.

 10.1
 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 3.6 to the Registrant's Form SF-3, Registration File Number 333-264720, filed on May 5, 2022.

 10.2
 Exchange Note Sale Agreement, dated as of May 24, 2023, relating to the Trust. Incorporated by reference to Exhibit 10.1 to the Registrant's
Current Report on Form 8-K, Registration File Number 333-264720-02, filed with the Commission on May 24, 2023.

 10.3
 Exchange Note Transfer Agreement, dated as of May 24, 2023, relating to the Trust. Incorporated by reference to Exhibit 10.2 to the
Registrant's Current Report on Form 8-K, Registration File Number 333-264720-02, filed with the Commission on May 24, 2023.

 10.4
 2023-A Exchange Note Supplement to Collateral Agency Agreement, dated as of May 24, 2023, relating to the Trust. Incorporated by reference to Exhibit 10.3 to the Registrant's Current Report on Form 8-K, Registration
File Number 333-264720-02, filed with the Commission on May 24, 2023.

 10.5
 Exchange Note Servicing Supplement 2023-A to Closed-End Servicing Agreement, dated as of May 24, 2023, relating to the Trust. Incorporated
by reference to Exhibit 10.4 to the Registrant's Current Report on Form 8-K, Registration File Number 333-264720-02, filed with
the Commission on May 24, 2023.

 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 10.4 to the Registrant's Form SF-3, Registration File Number 333-264720,
filed on May 5, 2022.

 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 10.5 to the Registrant's Form SF-3, Registration File Number 333-264720, filed on May 5, 2022.

 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 10.6 to the Registrant's Form SF-3, Registration File Number 333-264720, filed on May
5, 2022.

 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 333-264720, filed on May 5, 2022.

 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 333-264720, filed on May 5, 2022.

 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. Incorporated
by reference to Exhibit 10.10 to the Registrant's Form SF-3, Registration File Number 333-264720, filed on May 5, 2022.

 10.12
 Third 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 10.11 to the Registrant's Form SF-3, Registration File Number 333-264720, filed on May 5, 2022.

 10.13
 Fourth Amendment to Fourth Amended and Restated Collateral Agency Agreement among World Omni
LT, World Omni Lease Finance LLC, Auto Lease Finance LLC, 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 10.12 to the Registrant's Form SF-3, Registration
File Number 333-264720, filed on May 5, 2022.

 10.14
 Fifth Amendment to Fourth Amended and Restated Collateral Agency Agreement among World Omni LT, World Omni Lease Finance LLC, Auto Lease Finance LLC, 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 10.13 to the Registrant's Form SF-3, Registration
File Number 333-264720, filed on May 5, 2022.

 10.15
 Sixth Amendment to Fourth Amended and Restated Collateral Agency Agreement among World Omni
LT, World Omni Lease Finance LLC, Auto Lease Finance LLC, 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 10.1 to the Registrant's Current Report on Form
8-K, Registration File Number 333-152253, filed with the Commission on October 26, 2022.

 10.16
 Seventh Amendment to Fourth Amended and Restated Collateral Agency Agreement among World Omni
LT, World Omni Lease Finance LLC, Auto Lease Finance LLC, AL Holding Corp., Bank of America, N.A., U.S. Bank National Association and
U.S. Bank Trust Company, National Association. Incorporated by reference to Exhibit 10.1 to the Registrant's Current Report on Form
8-K, Registration File Number 333-152253, filed with the Commission on May 8, 2023.

 10.17
 Third Amended and Restated Pledge and Security Agreement between World Omni LT and AL Holding
Corp. Incorporated by reference to Exhibit 10.14 to the Registrant's Form SF-3, Registration File Number 333-264720, filed
on May 5, 2022.

 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 Wilmington Trust, National Association, as Indenture Trustee.

 34.1
 Report of Independent Registered Public Accounting Firm of PricewaterhouseCoopers
LLP, on behalf of World Omni Financial Corp.

 34.2
 Report of Independent Registered Public Accounting Firm of PricewaterhouseCoopers LLP LLP, on behalf of Wilmington Trust, National
Association.

 35.1
 Servicer Compliance Statement of World Omni Financial Corp.,
as Servicer.

 99.1
 Trust Agreement, dated as of May 24, 2023, relating to the Trust. Incorporated by reference to Exhibit 99.1 to the Registrant's
Current Report on Form 8-K, Registration File Number 333-264720-02, filed with the Commission on May 24, 2023.

 99.2
 Administration Agreement, dated as of May 24, 2023, relating to the Trust. Incorporated by reference to Exhibit 99.2 to the Registrant's
Current Report on Form 8-K, Registration File Number 333-264720-02, filed with the Commission on May 24, 2023.

 99.3
 Asset Representations Review Agreement, dated as of May 24, 2023, relating to the Trust. Incorporated by reference to Exhibit 99.3
to the Registrant's Current Report on Form 8-K, Registration File Number 333-264720-02, filed with the Commission on May 24, 2023.

 (c)

 Item 16.
 Form 10-K Summary.

 None.

 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 2023-A

 By: World Omni Financial Corp.,

 as Servicer on behalf of the Trust

 Date: March 22, 2024

 /s/ Michael Hollis

 Michael
Hollis

 Vice President and Assistant Secretary

 (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.