Capital Auto Receivables Asset Trust 2004-1 Inactive
Filed: 25 Oct 04, 12:00am
EXHIBIT 20
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2004-1
September 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 | $ | 68,538,007.69 | ||
| Principal on Repurchased Contracts | 1,285,426.13 | |||
| Scheduled and Simple Payments Advanced | 954,308.55 | |||
| Total Collections For the Period | $ | 70,777,742.37 | ||
| Beginning Pool Aggregate Principal Balance | $ | 1,771,236,994.34 | ||
| Ending Pool Aggregate Principal Balance | $ | 1,701,322,599.60 | ||
| Scheduled Principal Collections | $ | 61,915,875.37 | ||
| Beginning Aggregate Discounted Principal Balance | $ | 1,597,603,231.66 | ||
| Ending Aggregate Discounted Principal Balance | $ | 1,536,890,916.52 | ||
Part II. Distributions to Noteholders and Certificateholders | ||||
| Total Collections | $ | 70,777,742.37 | ||
| Plus: Reserve Account Draw | 910,684.73 | |||
| Plus: Net Amount due from Swap Counterparty | 56,843.49 | |||
| Less: Total Servicing Fee | 2,952,061.66 | |||
| Less: Net Amount due to Swap Counterparty | — | |||
| Less: Monthly Interest Due to Noteholders & Certificateholders | 2,611,658.90 | |||
| Less: Principal Due to Noteholders | 60,712,315.13 | |||
| Less: Principal Due to Certificateholders | — | |||
| Less: Reserve Account Deposit | — | |||
| Equals Reserve Fund Excess to be released to CARI | $ | 5,469,234.89 | ||
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Monthly Servicing Report
Capital Auto Receivables Asset Trust 2004-1
September 2004
| Per $1000 of | ||||||||||||
| Original Principal | ||||||||||||
| Class A-1 Notes Distributable Amount | 1 Month LIBOR | |||||||||||
| Monthly Interest | 1.7600000 | % | $ | 179,922.02 | 0.325356 | |||||||
| Monthly Principal | 60,712,315.13 | 109.787188 | ||||||||||
| Distributable Amount | $ | 60,892,237.15 | ||||||||||
| 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 | $ | 2,952,061.66 | 1.294730 | |||||||||
Part III. Payment Ahead and Advances
Payment Ahead Servicing Account | ||||
| Beginning Payment Ahead Balance | $ | 2,836,996.46 | ||
| Less: Payments Applied | 968,514.80 | |||
| Current Period Payments Ahead Received | 596,405.07 | |||
| Ending Payment Ahead Balance | $ | 2,464,886.73 | ||
Advance Account | ||||
| Beginning Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | 2,175,014.55 | ||
| Beginning Outstanding Unreimbursed Simple Interest Advances | $ | — | ||
| Scheduled Principal and Interest Advances | 954,308.55 | |||
| Simple Interest Advances | — | |||
| Reimbursement of Previous Scheduled Principal and Interest Advances | 691,061.58 | |||
| Reimbursement of Previous Simple Interest Advances | — | |||
| Ending Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | 2,438,261.52 | ||
| Ending Outstanding Unreimbursed Simple Interest Advances | $ | — | ||
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Monthly Servicing Report
Capital Auto Receivables Asset Trust 2004-1
September 2004
Part IV. Balances & Principal Factors
| Beginning of Period | End of Period | |||||||
| Total Pool Balance | $ | 1,771,236,994.34 | $ | 1,701,322,599.60 | ||||
| Total Pool Factor | 0.7768380 | 0.7461746 | ||||||
| Class A-1 Notes Balance | $ | 118,629,905.53 | $ | 57,917,590.39 | ||||
| Class A-1 Notes Principal Factor | 0.2145206 | 0.1047334 | ||||||
| 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 | $ | 23,964,048.47 | ||||||
| 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 | 910,684.73 | 29.878500 | ||||||
| Ending Reserve Account Balance | $ | 23,053,363.75 | ||||||
| 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 | |||||||||
| September | $ | 1,736,279,796.97 | $ | 267,770.98 | 0.185065 | |||||||
| August | $ | 1,806,721,649.68 | $ | 220,690.59 | 0.146580 | |||||||
| July | $ | 1,879,075,628.87 | $ | 197,838.72 | 0.126342 | |||||||
| Three Month Average Loss Rate | 0.152662 | |||||||||||
| Delinquency Rate | Total Accounts | Accounts over 60 | % Delinquent | |||||||||
| September | 97,395 | 161 | 0.165306 | |||||||||
| August | 99,438 | 131 | 0.131740 | |||||||||
| July | 100,893 | 117 | 0.115964 | |||||||||
| Three Month Average Delinquency Rate | 0.137670 | |||||||||||
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Monthly Servicing Report
Capital Auto Receivables Asset Trust 2004-1
September 2004
Part VIII. Prepayment Rate
| Month | Prepayment Rate | |
| % | ||
| 1 | 0.35 | |
| 2 | 1.03 | |
| 3 | 0.87 | |
| 4 | 0.99 | |
| 5 | 0.97 | |
| 6 | 1.03 | |
| 7 | 0.95 | |
| 8 | 0.95 |
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