Capital Auto Receivables Asset Trust 2004-2 Inactive
Filed: 26 Jan 05, 12:00am
EXHIBIT 20
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2004-2
December 2004
Original Inputs
| Total Pool Balance | $ | 2,762,157,255.93 | ||
| Class A-1a Notes Balance | $ | 220,000,000.00 | ||
| Class A-1a Notes Rate | 3.120 | % | ||
| Class A-1b Notes Balance | $ | 657,000,000.00 | ||
| Class A-1b Notes Rate | One Month LIBOR | |||
| Class A-2 Notes Balance | $ | 740,000,000.00 | ||
| Class A-2 Notes Rate | 3.350 | % | ||
| Class A-3 Notes Balance | $ | 558,000,000.00 | ||
| Class A-3 Notes Rate | 3.580 | % | ||
| Class A-4 Notes Balance | $ | 240,455,000.00 | ||
| Class A-4 Notes Rate | 3.750 | % | ||
| Class B Notes Balance | $ | 97,397,000.00 | ||
| Class B Notes Rate | 3.920 | % | ||
| Class C Notes Balance | $ | 32,465,000.00 | ||
| Class C Notes Rate | 4.160 | % | ||
| Class D Notes Balance | $ | 25,972,000.00 | ||
| Class D Notes Rate | 5.820 | % | ||
| Overcollateralization | $ | 25,974,866.06 | ||
| Reserve Account Deposit | $ | 12,986,319.33 | ||
Part I. Collections | ||||
| Receipts During the Period | $ | 190,796,961.74 | ||
| Principal on Repurchased Contracts | 4,134,794.35 | |||
| Schedule and Simple Interest Payments Advanced | 746,943.12 | |||
| Schedule Principal Advanced | 1,517,221.45 | |||
| Total Collections For the Period | $ | 197,195,920.66 | ||
| Beginning Pool Aggregate Principal Balance | $ | 2,762,157,255.93 | ||
| Ending Pool Aggregate Principal Balance | $ | 2,757,210,265.05 | ||
| Beginning Aggregate Discounted Principal Balance | $ | 2,597,263,866.06 | ||
| Ending Aggregate Discounted Principal Balance | $ | 2,597,263,866.06 | ||
Part II. Distributions to Noteholders and Certificateholders | ||||
| Total Collections | $ | 197,195,920.66 | ||
| Plus: Reserve Account Draw | — | |||
| Plus: Net Amount Due From Swap Counterparty | — | |||
| Less: Total Servicing Fee | 4,603,595.43 | |||
| Less: Net Amount Due to Swap Counterparty | 495,013.00 | |||
| Less: Monthly Interest Due to Noteholders | 9,213,054.69 | |||
| Less: Reinvestment in New Receivables — Purchase Price | 164,687,521.26 | |||
| Less: Principal Due to Noteholders | — | |||
| Less: Reserve Account Deposit | 983.36 | |||
| Less: Accumulation Account Deposit | 579,272.32 | |||
| Equals Reserve Fund Excess to be released to CARI | $ | 17,616,480.60 | ||
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Monthly Servicing Report
Capital Auto Receivables Asset Trust 2004-2
December 2004
| Per $1000 of | ||||||||
| Original Principal | ||||||||
| Class A-1a Notes Distributable Amount Monthly Interest | $ | 762,666.67 | 3.466667 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 762,666.67 | ||||||
| Class A-1b Notes Distributable Amount Monthly Interest | $ | 1,732,217.00 | 2.636556 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 1,732,217.00 | ||||||
| Class A-2 Notes Distributable Amount Monthly Interest | $ | 2,754,444.44 | 3.722222 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 2,754,444.44 | ||||||
| Class A-3 Notes Distributable Amount Monthly Interest | $ | 2,219,600.00 | 3.977778 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 2,219,600.00 | ||||||
| Class A-4 Notes Distributable Amount Monthly Interest | $ | 1,001,895.83 | 4.166667 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 1,001,895.83 | ||||||
| Class B Notes Distributable Amount Monthly Interest | $ | 424,218.04 | 4.355556 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 424,218.04 | ||||||
| Class C Notes Distributable Amount Monthly Interest | $ | 150,060.44 | 4.622222 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 150,060.44 | ||||||
| Class D Notes Distributable Amount Monthly Interest | $ | 167,952.27 | 6.466667 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 167,952.27 | ||||||
| Total Servicing Fee | $ | 4,603,595.43 | 1.666667 | |||||
Part III. Reinvestment in New Receivables | ||||||||
| Principal Distributable Amount | $ | 165,266,793.58 | ||
| Plus: Prior Month Accumulation Amount | — | |||
| Equals: Required Reinvestment Amount | $ | 165,266,793.58 | ||
| Additional Receivables Principal Balance | $ | 164,687,521.26 | ||
| Remaining Amount | $ | 579,272.32 | ||
| (to be deposited in the Accumulation Account) | ||||
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Monthly Servicing Report
Capital Auto Receivables Asset Trust 2004-2
December 2004
Part IV. Payment Ahead and Advances | ||||||||
Payment Ahead Servicing Account | ||||||||
| Beginning Payment Ahead Balance | $ | 2,552,825.62 | ||||||
| Less: Payments Applied | 1,790,408.57 | |||||||
| Current Period Payments Ahead Received | 2,958,137.67 | |||||||
| Ending Payment Ahead Balance | $ | 3,720,554.72 | ||||||
Advance Account | ||||||||
| Beginning Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | — | ||||||
| Beginning Outstanding Unreimbursed Simple Interest Advances | $ | — | ||||||
| Scheduled Principal and Interest Advances | 1,784,664.07 | |||||||
| Simple Interest Advances | 479,500.50 | |||||||
| Reimbursement of Previous Scheduled Principal and Interest Advances | 479,739.14 | |||||||
| Reimbursement of Previous Simple Interest Advances | — | |||||||
| Ending Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | 1,304,924.93 | ||||||
| Ending Outstanding Unreimbursed Simple Interest Advances | $ | 479,500.50 | ||||||
Part V. Balances & Principal Factors | ||||||||
| Beginning of Period | End of Period | |||||||
| Total Pool Balance | $ | 2,762,157,255.93 | $ | 2,757,210,265.05 | ||||
| Total Pool Factor | 1.0000000 | 0.9982090 | ||||||
| Class A-1a Notes Balance | $ | 220,000,000.00 | $ | 220,000,000.00 | ||||
| Class A-1a Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||
| Class A-1b Notes Balance | $ | 657,000,000.00 | $ | 657,000,000.00 | ||||
| Class A-1b Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||
| Class A-2 Notes Balance | $ | 740,000,000.00 | $ | 740,000,000.00 | ||||
| Class A-2 Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||
| Class A-3 Notes Balance | $ | 558,000,000.00 | $ | 558,000,000.00 | ||||
| Class A-3 Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||
| Class A-4 Notes Balance | $ | 240,455,000.00 | $ | 240,455,000.00 | ||||
| Class A-4 Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||
| Class B Notes Balance | $ | 97,397,000.00 | $ | 97,397,000.00 | ||||
| Class B Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||
| Class C Notes Balance | $ | 32,465,000.00 | $ | 32,465,000.00 | ||||
| Class C Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||
| Class D Notes Balance | $ | 25,972,000.00 | $ | 25,972,000.00 | ||||
| Class D Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||
| Overcollateralization | $ | 25,974,866.06 | $ | 25,974,866.06 | ||||
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Monthly Servicing Report
Capital Auto Receivables Asset Trust 2004-2
December 2004
Part VI. Reserve Account | ||||||||
| Per $1000 of | ||||||||
| Original Principal | ||||||||
| Beginning Reserve Account Balance | $ | 12,986,319.33 | ||||||
| Draw for Servicing Fee | — | — | ||||||
| Draw for Class A-1a Notes Distributable Amount | — | — | ||||||
| Draw for Class A-1b 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 Notes Distributable Amount | — | — | ||||||
| Draw for Class C Notes Distributable Amount | — | — | ||||||
| Draw for Class D Notes Distributable Amount | — | — | ||||||
| Additions to Reserve Account (for Accumulation Account) | 983.36 | 0.075723 | ||||||
| Additions to Reserve Account | — | — | ||||||
| Releases from Reserve Account | — | — | ||||||
| Ending Reserve Account Balance | $ | 12,987,302.69 | ||||||
| Early Amortization Trigger: | ||||||||
| Reserve Account Balance is less than the Specified Reserve Account Balance for Two Consecutive Months | ||||||||
| Preceding Collection Period Specified Reserve Account Balance | $ | 12,986,319.33 | ||||||
| Reserve Account Balance | $ | 12,986,319.33 | ||||||
| Current Collection Period Specified Reserve Account Balance | $ | 12,987,302.69 | ||||||
| Reserve Account Balance | $ | 12,987,302.69 | ||||||
Part VII. Accumulation Account | ||||||||
| Beginning Accumulation Account Balance | $ | — | ||||||
| Accumulation Account Interest | — | |||||||
| Release of Accumulated Balance | — | |||||||
| Deposit to Accumulation Account | 579,272.32 | |||||||
| Ending Accumulation Account Balance | $ | 579,272.32 | ||||||
| Early Amortization Trigger: | ||||||||
| Accumulation Account exceeds 1.00% of the Initial Aggregate Discounted Principal Balance | ||||||||
| Accumulation Account as a % of Initial Aggregate Discounted Principal Balance | 0.0223 | % | ||||||
Part VIII. Carryover Shortfall | ||||||||
| Per $1000 of | ||||||||
| Original Principal | ||||||||
| Noteholders’ Interest Carryover Shortfall | $ | — | — | |||||
| Noteholders’ Principal Carryover Shortfall | $ | — | — | |||||
Part IX. Charge Off and Delinquency Rates | ||||||||||||
Charge Off Rate | Average Receivables | Credit Repurchases | Loss Rate | |||||||||
| November 2004 | $ | 2,762,157,255.93 | $ | — | 0.0000 | % | ||||||
| December 2004 | $ | 2,672,136,967.32 | $ | 48,765.58 | 0.0219 | % | ||||||
| Two Month Average Loss Rate | 0.0109 | % | ||||||||||
Delinquency Rate | Total Accounts | Accounts Over 60 | % Delinquent | |||||||||
| November 2004 | 156,989 | 26 | 0.0166 | % | ||||||||
| December 2004 | 152,940 | 443 | 0.2897 | % | ||||||||
| Two Month Average Delinquency Rate | 0.1531 | % | ||||||||||
Page 4
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2004-2
December 2004
Part X. Prepayment Rate |
Month 1 through 12 | Prepayment Rate % Revolving Period |
Page 5