Capital Auto Receivables Asset Trust 2004-1 8K Other events | SEC 19 Jul 04

EXHIBIT 20

Monthly Servicing Report
Capital Auto Receivables Asset Trust 2004-1
June 2004

Original Inputs


Total Pool Balance	$	2,280,059,731.09

Class A-1 Notes Balance	$	553,000,000.00
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	$	71,870,532.75
Principal on Repurchased Contracts		1,770,205.93
Schedule and Simple Payments Advanced		904,526.31

Total Collections For the Period	$	74,545,264.99


Beginning Pool Aggregate Principal Balance	$	1,989,518,430.95
Ending Pool Aggregate Principal Balance	$	1,915,944,952.72

Schedule Principal Collection	$	64,253,335.41

Beginning Aggregate Discounted Principal Balance	$	1,785,637,901.39
Ending Aggregate Discounted Principal Balance	$	1,722,428,053.10

Part II. Distributions to Noteholders and Certificateholders

Total Collections	$	74,545,264.99
Plus: Reserve Account Draw		948,147.72
Plus: Net Amount Due From Swap Counterparty		13,736.01
Less: Total Servicing Fee		3,315,864.06
Less: Net Amount Due to Swap Counterparty
Less: Monthly Interest Due to Noteholders & Certificateholders		2,763,637.39
Less: Principal Due to Noteholders		63,209,848.29
Less: Principal Due to Certificateholders		—
Less: Reserve Account Deposit		—

Equals Reserve Fund Excess to be released to CARI	$	6,217,798.98

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Monthly Servicing Report
Capital Auto Receivables Asset Trust 2004-1
June 2004


				Per $1000 of
				Original Principal

Class A-1 Notes Distributable Amount
Monthly Interest	$	331,900.51			0.600182
Monthly Principal		63,209,848.29			114.303523

Distributable Amount	$	63,541,748.80

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	$	3,315,864.06			1.454288

Part III. Payment Ahead and Advances


Payment Ahead Servicing Account
Beginning Payment Ahead Balance	$	3,159,820.60
Less: Payments Applied		931,778.56
Current Period Payments Ahead Received		726,921.72

Ending Payment Ahead Balance	$	2,954,963.76

Advance Account
Beginning Outstanding Unreimbursed Scheduled Principal and Interest Advances	$	2,117,922.53
Beginning Outstanding Unreimbursed Simple Interest Advances	$	0.00
Scheduled Principal and Interest Advances		904,526.31
Simple Interest Advances		—
Reimbursement of Previous Scheduled Principal and Interest Advances		767,874.01
Reimbursement of Previous Simple Interest Advances		—

Ending Outstanding Unreimbursed Scheduled Principal and Interest Advances	$	2,254,574.83
Ending Outstanding Unreimbursed Simple Interest Advances	$	0.00

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Monthly Servicing Report
Capital Auto Receivables Asset Trust 2004-1
June 2004

Part IV. Balances & Principal Factors


		Beginning of Period		End of Period

Total Pool Balance		$	1,989,518,430.95	$	1,915,944,952.72
	Total Pool Factor		0.8725729		0.8403047
Class A-1 Notes Balance		$	306,664,575.26	$	243,454,726.97
	Class A-1 Notes Principal Factor		0.5545472		0.4402436
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	$	26,784,568.52
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		—		—
Releases from Reserve Account		948,147.72		31.107617

Ending Reserve Account Balance	$	25,836,420.80

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

June	$	1,952,731,691.84	$	192,817.22		0.118491
May	$	2,027,115,655.48	$	123,540.83		0.073133
April	$	2,101,487,023.32	$	57,906.08		0.033066
Three Month Average Loss Rate						0.074897

Delinquency Rate	Total Accounts		Accounts over 60		% Delinquent

June		102,351		102		0.099657
May		103,632		93		0.089741
April		104,809		88		0.083962
Three Month Average Delinquency Rate						0.091120

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Monthly Servicing Report
Capital Auto Receivables Asset Trust 2004-1
June 2004

Part VIII. Prepayment Rate

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Capital Auto Receivables Asset Trust 2004-1 Inactive 8-KOther events