Capital Auto Receivables Asset Trust 2005-1 Inactive
Filed: 29 Jun 05, 12:00am
EXHIBIT 20
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
May 2005
Original Inputs | ||||
| Total Pool Balance | $ | 3,313,888,879.69 | ||
| Class A-1 Notes Balance | $ | 550,000,000.00 | ||
| Class A-1 Notes Rate | One Month LIBOR+0.01 | % | ||
| Class A-2a Notes Balance | $ | 450,000,000.00 | ||
| Class A-2a Notes Rate | One Month LIBOR+0.04 | % | ||
| Class A-2b Notes Balance | $ | 250,000,000.00 | ||
| Class A-2b Notes Rate | 3.730 | % | ||
| Class A-3 Notes Balance | $ | 600,000,000.00 | ||
| Class A-3 Notes Rate | One Month LIBOR+0.06 | % | ||
| Class A-4 Notes Balance | $ | 760,000,000.00 | ||
| Class A-4 Notes Rate | 4.050 | % | ||
| Class A-5 Notes Balance | $ | 229,825,000.00 | ||
| Class A-5 Notes Rate | One Month LIBOR+0.10 | % | ||
| Class B Notes Balance | $ | 122,803,000.00 | ||
| Class B Notes Rate | One Month LIBOR+0.375 | % | ||
| Class C Notes Balance | $ | 46,051,000.00 | ||
| Class C Notes Rate | 4.730 | % | ||
| Class D Notes Balance | $ | 30,701,000.00 | ||
| Class D Notes Rate | 6.500 | % | ||
| Overcollateralization | $ | 30,701,224.17 | ||
| Reserve Account Deposit | $ | 15,350,406.12 | ||
Part I. Collections | ||||
| Receipts During the Period | $ | 101,514,742.25 | ||
| Principal on Repurchased Contracts | 4,810,161.65 | |||
| Schedule and Simple Interest Payments Advanced | 654,342.01 | |||
| Schedule Principal Advanced | 947,002.40 | |||
| Total Collections For the Period | $ | 107,926,248.31 | ||
| Beginning Pool Aggregate Principal Balance | $ | 3,313,888,879.69 | ||
| Ending Pool Aggregate Principal Balance | $ | 3,217,495,149.16 | ||
| Scheduled Principal Collection | $ | 85,922,391.75 | ||
| Beginning Aggregate Discounted Principal Balance | $ | 3,070,081,224.17 | ||
| Ending Aggregate Discounted Principal Balance | $ | 2,983,511,052.11 | ||
Part II. Distributions to Noteholders and Certificateholders | ||||
| Total Collections | $ | 107,926,248.31 | ||
| Plus: Reserve Account Draw | — | |||
| Plus: Net Amount Due From Swap Counterparty | — | |||
| Less: Total Servicing Fee | 2,393,364.19 | |||
| Less: Net Amount Due to Swap Counterparty | 406,575.96 | |||
| Less: Monthly Interest Due to Noteholders | 3,852,382.81 | |||
| Less: Principal Due to Noteholders | 86,570,172.06 | |||
| Less: Reserve Account Deposit | — | |||
| Less: Accumulation Account Deposit | — | |||
| Equals Reserve Fund Excess to be released to CARI | $ | 14,703,753.29 | ||
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Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
May 2005
| Per $1000 of | ||||||||
| Original Principal | ||||||||
| Class A-1 Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 623,638.89 | 1.119444 | |||||
| Monthly Principal | 86,570,172.06 | 157.400313 | ||||||
| Distributable Amount | $ | 87,193,810.95 | ||||||
| Class A-2a Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 515,125.00 | 1.130278 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 515,125.00 | ||||||
| Class A-2b Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 336,736.11 | 1.346944 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 336,736.11 | ||||||
| Class A-3 Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 691,166.67 | 1.137500 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 691,166.67 | ||||||
| Class A-4 Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 1,111,500.00 | 1.462500 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 1,111,500.00 | ||||||
| Class A-5 Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 268,065.33 | ||||||
| Monthly Principal | — | |||||||
| Distributable Amount | $ | 268,065.33 | ||||||
| Class B Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 155,431.07 | 1.251250 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 155,431.07 | ||||||
| Class C Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 78,657.67 | 1.708056 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 78,657.67 | ||||||
| Class D Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 72,062.07 | 2.347222 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 72,062.07 | ||||||
| Total Servicing Fee | $ | 2,393,364.19 | 0.722222 | |||||
Page 2
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
May 2005
Part III. Payment Ahead and Advances | ||||||||
Payment Ahead Servicing Account | ||||||||
| Beginning Payment Ahead Balance | $ | 4,381,171.98 | ||||||
| Less: Payments Applied | 1,075,655.48 | |||||||
| Current Period Payments Ahead Received | 3,033,772.36 | |||||||
| Ending Payment Ahead Balance | $ | 6,339,288.86 | ||||||
Advance Account | ||||||||
| Beginning Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | — | ||||||
| Beginning Outstanding Unreimbursed Simple Interest Advances | — | |||||||
| Scheduled Principal and Interest Advances | 1,348,823.03 | |||||||
| Simple Interest Advances | 252,521.38 | |||||||
| Reimbursement of Previous Scheduled Principal and Interest Advances | 5,618.29 | |||||||
| Reimbursement of Previous Simple Interest Advances | — | |||||||
| Ending Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | 1,343,204.74 | ||||||
| Ending Outstanding Unreimbursed Simple Interest Advances | $ | 252,521.38 |
Part IV. Balances & Principal Factors
| Beginning of Period | End of Period | |||||||
| Total Pool Balance | $ | 3,313,888,879.69 | $ | 3,217,495,149.16 | ||||
| Total Pool Factor | 1.0000000 | 0.9709122 | ||||||
| Class A-1 Notes Balance | $ | 550,000,000.00 | $ | 463,429,827.94 | ||||
| Class A-1 Notes Principal Factor | 1.0000000 | 0.8425997 | ||||||
| Class A-2a Notes Balance | $ | 450,000,000.00 | $ | 450,000,000.00 | ||||
| Class A-2a Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||
| Class A-2b Notes Balance | $ | 250,000,000.00 | $ | 250,000,000.00 | ||||
| Class A-2b Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||
| Class A-3 Notes Balance | $ | 600,000,000.00 | $ | 600,000,000.00 | ||||
| Class A-3 Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||
| Class A-4 Notes Balance | $ | 760,000,000.00 | $ | 760,000,000.00 | ||||
| Class A-4 Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||
| Class A-5 Notes Balance | $ | 229,825,000.00 | $ | 229,825,000.00 | ||||
| Class A-5 Notes Principal Factor | 1.0000000 | 0.3024013 | ||||||
| Class B Notes Balance | $ | 122,803,000.00 | $ | 122,803,000.00 | ||||
| Class B Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||
| Class C Notes Balance | $ | 46,051,000.00 | $ | 46,051,000.00 | ||||
| Class C Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||
| Class D Notes Balance | $ | 30,701,000.00 | $ | 30,701,000.00 | ||||
| Class D Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||
Page 3
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
May 2005
Part V. Reserve Account
| Per $1000 of | |||||||||
| Original Principal | |||||||||
| Beginning Reserve Account Balance | $ | 15,350,406.12 | |||||||
| 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) | — | ||||||||
| Additions to Reserve Account | — | — | |||||||
| Releases from Reserve Account | — | — | |||||||
| Ending Reserve Account Balance | $ | 15,350,406.12 | |||||||
| 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 | $ | — | |||||||
| Reserve Account Balance | $ | — | |||||||
| Current Collection Period | |||||||||
| Specified Reserve Account Balance | $ | 15,350,406.12 | |||||||
| Reserve Account Balance | $ | 15,350,406.12 | |||||||
Part VI. Carryover Shortfall | |||||||||
| Per $1000 of | ||||||||
| Original Principal | ||||||||
| Noteholders’ Interest Carryover Shortfall | $ | — | — | |||||
| Noteholders’ Principal Carryover Shortfall | $ | — | — | |||||
Part VII. Charge Off and Delinquency Rates | ||||||||
| Charge Off Rate | Average Receivables | Credit Repurchases | Loss Rate | ||||||||||
| May 2005 | $ | 3,265,692,014.43 | $ | — | 0.0000 | % | |||||||
| Delinquency Rate | Total Accounts | Accounts Over 60 | % Delinquent | ||||||||||
| May 2005 | 188,051 | 10 | 0.0053 | % | |||||||||
Page 4
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
May 2005
Part VIII. Prepayment Rate
| Month | Prepayment Rate | |||
| 1 | 0.00728 | |||
Page 5