Capital Auto Receivables Asset Trust 2004-1 Inactive
Filed: 20 May 04, 12:00am
EXHIBIT 20
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2004-1
April 2004
Original Inputs
| Total Pool Balance | $ | 2,280,059,731.09 | |||||||
| Class A-1 Notes Balance | $ | 530,000,000.00 | |||||||
| Class A-1 Notes Rate | One Month LIBOR+.06% | ||||||||
| Class A-2 Notes Balance | $ | 475,000,000.00 | |||||||
| Class A-2 Notes Rate | 1.400 | % | |||||||
| Class A-3 Notes Balance | $ | 640,000,000.00 | |||||||
| Class A-3 Notes Rate | 2.000 | % | |||||||
| Class A-4 Notes Balance | $ | 303,000,000.00 | |||||||
| Class A-4 Notes Rate | 2.640 | % | |||||||
| Class B Certificates Balance | $ | 60,973,326.13 | |||||||
| Class B Certificates Rate | 2.840 | % | |||||||
| Reserve Account Deposit | $ | 30,479,599.89 | |||||||
Part I. Collections | |||||||||
| Receipts During the Period | $ | 71,104,225.65 | |||||||
| Principal on Repurchased Contracts | 2,507,750.17 | ||||||||
| Schedule and Simple Payments Advanced | 995,425.60 | ||||||||
| Total Collections For the Period | $ | 74,607,401.42 | |||||||
| Beginning Pool Aggregate Principal Balance | $ | 2,138,261,166.63 | |||||||
| Ending Pool Aggregate Principal Balance | $ | 2,064,712,880.00 | |||||||
| Schedule Principal Collection | $ | 65,464,438.07 | |||||||
| Beginning Aggregate Discounted Principal Balance | $ | 1,912,520,054.54 | |||||||
| Ending Aggregate Discounted Principal Balance | $ | 1,849,935,903.52 | |||||||
Part II. Distributions to Noteholders and Certificateholders | |||||||||
| Total Collections | $ | 74,607,401.42 | |||||||
| Plus: Reserve Account Draw | 938,762.27 | ||||||||
| Plus: Net Amount Due From Swap Counterparty | — | ||||||||
| Less: Total Servicing Fee | 3,563,768.62 | ||||||||
| Less: Net Amount Due to Swap Counterparty | 32,756.86 | ||||||||
| Less: Monthly Interest Due to Noteholders & Certificateholders | 2,878,771.73 | ||||||||
| Less: Principal Due to Noteholders | 62,584,151.02 | ||||||||
| Less: Principal Due to Certificateholders | — | ||||||||
| Less: Reserve Account Deposit | — | ||||||||
| Equals Reserve Fund Excess to be released to CARI | $ | 6,486,715.46 | |||||||
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Monthly Servicing Report
Capital Auto Receivables Asset Trust 2004-1
April 2004
| Per $1000 of | ||||||||
| Original Principal | ||||||||
| Class A-1 Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 447,034.85 | 0.808381 | |||||
| Monthly Principal | 62,584,151.02 | 113.172063 | ||||||
| Distributable Amount | $ | 63,031,185.87 | ||||||
| Class A-2 Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 554,166.67 | 1.166667 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 554,166.67 | ||||||
| Class A-3 Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 1,066,666.67 | 1.666667 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 1,066,666.67 | ||||||
| Class A-4 Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 666,600.00 | 2.200000 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 666,600.00 | ||||||
| Class B Certificates Distributable Amount | ||||||||
| Monthly Interest | $ | 144,303.54 | 2,366667 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 144,303.54 | ||||||
| Total Servicing Fee | $ | 3,563,768.62 | 1.563015 | |||||
Part III. Payment Ahead and Advances
Payment Ahead Servicing Account | ||||||||
| Beginning Payment Ahead Balance | $ | 3,093,850.68 | ||||||
| Less: Payments Applied | 922,522.86 | |||||||
| Current Period Payments Ahead Received | 673,868.97 | |||||||
| Ending Payment Ahead Balance | $ | 2,845,196.79 | ||||||
Advance Account | ||||||||
| Beginning Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | 1,796,061.44 | ||||||
| Beginning Outstanding Unreimbursed Simple Interest Advances | $ | 0.00 | ||||||
| Scheduled Principal and Interest Advances | 995,425.60 | |||||||
| Simple Interest Advances | — | |||||||
| Reimbursement of Previous Scheduled Principal and Interest Advances | 587,321.96 | |||||||
| Reimbursement of Previous Simple Interest Advances | — | |||||||
| Ending Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | 2,204,165.08 | ||||||
| Ending Outstanding Unreimbursed Simple Interest Advances | $ | 0.00 | ||||||
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Monthly Servicing Report
Capital Auto Receivables Asset Trust 2004-1
April 2004
Part IV. Balances & Principal Factors
| Beginning of Period | End of Period | ||||||||
| Total Pool Balance | $ | 2,138,261,166.63 | $ | 2,064,712,880.00 | |||||
| Total Pool Factor | 0.9378093 | 0.9055521 | |||||||
| Class A-1 Notes Balance | $ | 433,546,728.41 | $ | 370,962,577.39 | |||||
| Class A-1 Notes Principal Factor | 0.7839905 | 0.6708184 | |||||||
| Class A-2 Notes Balance | $ | 475,000,000.00 | $ | 475,000,000.00 | |||||
| Class A-2 Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class A-3 Notes Balance | $ | 640,000,000.00 | $ | 640,000,000.00 | |||||
| Class A-3 Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class A-4 Notes Balance | $ | 303,000,000.00 | $ | 303,000,000.00 | |||||
| Class A-4 Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class B Certificates Balance | $ | 60,973,326.13 | $ | 60,973,326.13 | |||||
| Class B Certificates Principal Factor | 1.0000000 | 1.0000000 | |||||||
Part V. Reserve Account
| Per $1000 of | ||||||||
| Original Principal | ||||||||
| Beginning Reserve Account Balance | $ | 28,687,800.82 | ||||||
| Draw for Servicing Fee | — | — | ||||||
| Draw for Class A-1 Notes Distributable Amount | — | — | ||||||
| Draw for Class A-2 Notes Distributable Amount | — | — | ||||||
| Draw for Class A-3 Notes Distributable Amount | — | — | ||||||
| Draw for Class A-4 Notes Distributable Amount | — | — | ||||||
| Draw for Class B Certificates Distributable Amount | — | — | ||||||
| Additions to Reserve Account (for Accumulation Account) | — | — | ||||||
| Releases from Reserve Account | 938,762.27 | 30.799691 | ||||||
| Ending Reserve Account Balance | $ | 27,749,038.55 | ||||||
| Reserve Account Floor | $ | 15,239,799.95 | ||||||
Part VI. Carryover Shortfall | ||||||||
| Per $1000 of | ||||||||
| Original Principal | ||||||||
| Noteholders’ Interest Carryover Shortfall | $ | — | — | |||||
| Noteholders’ Principal Carryover Shortfall | $ | — | — | |||||
| Certificateholders’ Interest Carryover Shortfall | $ | — | — | |||||
| Certificateholders’ Principal Carryover Shortfall | $ | — | — | |||||
Part VII. Charge Off and Delinquency Rates
| Charge Off Rate | Average Receivables | Credit Repurchases | Loss Rate | |||||||||
| April | $ | 2,101,487,023.32 | $ | 57,906.08 | 0.033066 | |||||||
| March | $ | 2,177,279,837.71 | $ | 42,584.99 | 0.023471 | |||||||
| February | $ | 2,248,179,119.94 | — | 0.000000 | ||||||||
| Three Month Average Loss Rate | 0.018845 | |||||||||||
| Delinquency Rate | Total Accounts | Accounts over 60 | % Delinquent | |||||||||
| April | 104,809 | 88 | 0.083962 | |||||||||
| March | 105,849 | 74 | 0.069911 | |||||||||
| February | 106,925 | 21 | 0.019640 | |||||||||
| Three Month Average Delinquency Rate | 0.057838 | |||||||||||
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Monthly Servicing Report
Capital Auto Receivables Asset Trust 2004-1
April 2004
Part VIII. Prepayment Rate
| Month | Prepayment Rate | |
| % | ||
| 1 | 0.35 | |
| 2 | 1.03 | |
| 3 | 0.87 |
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