Capital Auto Receivables Asset Trust 2004-1 8K Other Events | SEC 15 Dec 04

EXHIBIT 20

Monthly Servicing Report
Capital Auto Receivables Asset Trust 2004-1
November 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	$	64,609,072.34
Principal on Repurchased Contracts		1,167,486.43
Scheduled and Simple Payments Advanced		695,778.89

Total Collections For the Period	$	66,472,337.66


Beginning Pool Aggregate Principal Balance	$	1,630,632,104.88
Ending Pool Aggregate Principal Balance	$	1,564,954,075.10

Scheduled Principal Collections	$	58,510,657.78

Beginning Aggregate Discounted Principal Balance	$	1,475,323,844.14
Ending Aggregate Discounted Principal Balance	$	1,418,327,354.39

Part II. Distributions to Noteholders and Certificateholders

Total Collections	$	66,472,337.66
Plus: Reserve Account Draw		854,947.35
Plus: Net Amount Due From Swap Counterparty		—
Less: Total Servicing Fee		2,717,720.18
Less: Net Amount Due to Swap Counterparty		—
Less: Monthly Interest Due to Noteholders & Certificateholders		2,427,479.15
Less: Principal Due to Noteholders		56,996,489.75
Less: Principal Due to Certificateholders		—
Less: Reserve Account Deposit		—

Equals Reserve Fund Excess to be released to CARI	$	5,185,595.93

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


				Per $1000 of
				Original Principal

Class A-1 Notes Distributable Amount	1 Month LIBOR
Monthly Interest	2.1000000%	$	—		—
Monthly Principal			—		—

Distributable Amount		$	—

Class A-2 Notes Distributable Amount
Monthly Interest		$	549,908.94		1.157703
Monthly Principal			56,996,489.75		119.992610

Distributable Amount		$	57,546,398.69

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		$	2,717,720.18		1.191951

Part III. Payment Ahead and Advances


Payment Ahead Servicing Account
Beginning Payment Ahead Balance	$	2,174,946.44
Less: Payments Applied		608,189.77
Current Period Payments Ahead Received		675,973.25

Ending Payment Ahead Balance	$	2,242,729.92

Advance Account
Beginning Outstanding Unreimbursed Scheduled Principal and Interest Advances	$	3,028,696.03
Beginning Outstanding Unreimbursed Simple Interest Advances	$	17,684.16
Scheduled Principal and Interest Advances		695,778.89
Simple Interest Advances		—
Reimbursement of Previous Scheduled Principal and Interest Advances		1,320,597.65
Reimbursement of Previous Simple Interest Advances		17,684.16

Ending Outstanding Unreimbursed Scheduled Principal and Interest Advances	$	2,403,877.27
Ending Outstanding Unreimbursed Simple Interest Advances	$	—

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

Part IV. Balances & Principal Factors


		Beginning of Period		End of Period

Total Pool Balance		$	1,630,632,104.88	$	1,564,954,075.10
	Total Pool Factor		0.7151708		0.6863654
Class A-1 Notes Balance		$	—	$	—
	Class A-1 Notes Principal Factor		—		—
Class A-2 Notes Balance		$	471,350,518.01	$	414,354,028.26
	Class A-2 Notes Principal Factor		0.9923169		0.8723243
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	$	22,129,857.66
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		854,947.35		28.049822

Ending Reserve Account Balance	$	21,274,910.32

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

November	$	1,597,793,089.99	$	243,362.26		0.182774
October	$	1,665,977,352.24	$	424,482.50		0.305754
September	$	1,736,279,796.97	$	267,770.98		0.185065
Three Month Average Loss Rate						0.224531

Delinquency Rate	Total Accounts		Accounts over 60		% Delinquent

November		89,347		137		0.153335
October		93,432		155		0.165896
September		97,395		161		0.165306
Three Month Average Delinquency Rate						0.161512

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

Part VIII. Prepayment Rate

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