EXHIBIT 20.1
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2003-1
August 2003
Original Inputs
| Total Pool Balance | $ | 3,300,048,387.48 | ||||||
| Class A-1a Notes Balance | $ | 390,000,000.00 | ||||||
| Class A-1a Notes Rate | 1.850 | % | ||||||
| Class A-1b Notes Balance | $ | 786,000,000.00 | ||||||
| Class A-1b Notes Rate | One Month LIBOR+.05 | % | ||||||
| Class A-2a Notes Balance | $ | 242,000,000.00 | ||||||
| Class A-2a Notes Rate | 2.270 | % | ||||||
| Class A-2b Notes Balance | $ | 350,000,000.00 | ||||||
| Class A-2b Notes Rate | One Month LIBOR+.06 | % | ||||||
| Class A-3a Notes Balance | $ | 400,000,000.00 | ||||||
| Class A-3a Notes Rate | 2.750 | % | ||||||
| Class A-3b Notes Balance | $ | 528,000,000.00 | ||||||
| Class A-3b Notes Rate | One Month LIBOR+.09 | % | ||||||
| Class A-4a Notes Balance | $ | 172,600,000.00 | ||||||
| Class A-4a Notes Rate | 3.100 | % | ||||||
| Class A-4b Notes Balance | $ | 150,000,000.00 | ||||||
| Class A-4b Notes Rate | One Month LIBOR+.12 | % | ||||||
| Class B Certificates Balance | $ | 93,444,888.51 | ||||||
| Class B Certificates Rate | One Month LIBOR+.47 | % | ||||||
| Reserve Account Deposit | $ | 46,680,673.33 | ||||||
Part I. Collections | ||||||||
| Receipts During the Period | $ | 136,826,750.59 | ||||||
| Principal on Repurchased Contracts | 5,035,458.91 | |||||||
| Schedule and Simple Interest Payments Advanced | 323,445.23 | |||||||
| Schedule Principal Advanced | 442,068.08 | |||||||
| Total Collections For the Period | $ | 142,627,722.81 | ||||||
| Beginning Pool Aggregate Principal Balance | $ | 3,321,069,750.87 | ||||||
| Ending Pool Aggregate Principal Balance | $ | 3,325,737,241.99 | ||||||
| Beginning Aggregate Discounted Principal Balance | $ | 3,112,044,888.51 | ||||||
| Ending Aggregate Discounted Principal Balance | $ | 3,112,044,888.51 | ||||||
Part II. Distributions to Noteholders and Certificateholders | ||||||||
| Total Collections | $ | 142,627,722.81 | ||||||
| Plus: Reserve Account Draw | — | |||||||
| Plus: Net Amount Due From Swap Counterparty | — | |||||||
| Less: Total Servicing Fee | 5,535,116.25 | |||||||
| Less: Net Amount Due to Swap Counterparty | 1,673,929.75 | |||||||
| Less: Monthly Interest Due to Noteholders & Certificateholders | 4,390,946.96 | |||||||
| Less: Reinvestment in New Receivables — Purchase Price | 122,646,269.81 | |||||||
| Less: Principal Due to Noteholders | — | |||||||
| Less: Principal Due to Certificateholders | — | |||||||
| Less: Reserve Account Deposit | 177.79 | |||||||
| Less: Accumulation Account Deposit | 95,717.18 | |||||||
| Equals Reserve Fund Excess to be released to CARI | $ | 8,285,565.06 | ||||||
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2003-1
August 2003
| Per $1000 of | ||||||||
| Original Principal | ||||||||
| Class A-1a Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 601,250.00 | 1.541667 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 601,250.00 | ||||||
| Class A-1b Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 785,126.67 | 0.998889 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 785,126.67 | ||||||
| Class A-2a Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 457,783.33 | 1.891667 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 457,783.33 | ||||||
| Class A-2b Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 352,625.00 | 1.007500 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 352,625.00 | ||||||
| Class A-3a Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 916,666.67 | 2.291667 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 916,666.67 | ||||||
| Class A-3b Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 545,600.00 | 1.033333 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 545,600.00 | ||||||
| Class A-4a Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 445,883.33 | 2.583333 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 445,883.33 | ||||||
| Class A-4b Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 158,875.00 | 1.059167 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 158,875.00 | ||||||
| Class B Certificates Distributable Amount | ||||||||
| Monthly Interest | $ | 127,136.96 | 1.360556 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 127,136.96 | ||||||
| Total Servicing Fee | $ | 5,535,116.25 | 1.677283 | |||||
Part III. Reinvestment in New Receivables | ||||||||
| Principal Distributable Amount | $ | 122,185,202.72 | ||||||
| Plus: Accumulation Amount | 556,784.27 | |||||||
| Equals: Reinvestment Amount | $ | 122,741,986.99 | ||||||
| Additional Receivables Discounted Principal Balance | $ | 122,646,269.81 | ||||||
| Remaining Amount (to be deposited in the Accumulation Account) | $ | 95,717.18 | ||||||
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2003-1
August 2003
Part IV. Payment Ahead and Advances
Payment Ahead Servicing Account | ||||
| Beginning Payment Ahead Balance | $ | 2,425,645.68 | ||
| Less: Payments Applied | 762,354.53 | |||
| Current Period Payments Ahead Received | 416,191.92 | |||
| Ending Payment Ahead Balance | $ | 2,079,483.07 | ||
Advance Account | ||||
| Beginning Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | 894,978.66 | ||
| Beginning Outstanding Unreimbursed Simple Interest Advances | $ | — | ||
| Scheduled Principal and Interest Advances | 498,211.60 | |||
| Simple Interest Advances | 267,301.71 | |||
| Reimbursement of Previous Scheduled Principal and Interest Advances | 283,118.15 | |||
| Reimbursement of Previous Simple Interest Advances | — | |||
| Ending Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | 1,110,072.11 | ||
| Ending Outstanding Unreimbursed Simple Interest Advances | $ | 267,301.71 | ||
Part V. Balances & Principal Factors
| Beginning of Period | End of Period | ||||||||
| Total Pool Balance | $ | 3,321,069,750.87 | $ | 3,325,737,241.99 | |||||
| Total Pool Factor | 1.0063700 | 1.0077844 | |||||||
| Class A-1a Notes Balance | $ | 390,000,000.00 | $ | 390,000,000.00 | |||||
| Class A-1a Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class A-1b Notes Balance | $ | 786,000,000.00 | $ | 786,000,000.00 | |||||
| Class A-1b Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class A-2a Notes Balance | $ | 242,000,000.00 | $ | 242,000,000.00 | |||||
| Class A-2a Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class A-2b Notes Balance | $ | 350,000,000.00 | $ | 350,000,000.00 | |||||
| Class A-2b Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class A-3a Notes Balance | $ | 400,000,000.00 | $ | 400,000,000.00 | |||||
| Class A-3a Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class A-3b Notes Balance | $ | 528,000,000.00 | $ | 528,000,000.00 | |||||
| Class A-3b Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class A-4a Notes Balance | $ | 172,600,000.00 | $ | 172,600,000.00 | |||||
| Class A-4a Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class A-4b Notes Balance | $ | 150,000,000.00 | $ | 150,000,000.00 | |||||
| Class A-4b Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class B Certificates Balance | $ | 93,444,888.51 | $ | 93,444,888.51 | |||||
| Class B Certificates Principal Factor | 1.0000000 | 1.0000000 | |||||||
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2003-1
August 2003
Part VI. Reserve Account | Per $1000 of | |||||||
| Original Principal | ||||||||
| Beginning Reserve Account Balance | $ | 46,683,574.56 | ||||||
| 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 (for Accumulation Account) | 177.79 | — | ||||||
| Additions to Reserve Account | — | — | ||||||
| Releases from Reserve Account | — | — | ||||||
| Ending Reserve Account Balance | $ | 46,683,752.35 | ||||||
| Reserve Account Floor | $ | 23,340,336.66 | ||||||
| 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 | $ | 46,682,538.89 | ||||||
| Reserve Account Balance | $ | 46,682,538.89 | ||||||
| Current Collection Period | ||||||||
| Specified Reserve Account Balance | $ | 46,683,574.56 | ||||||
| Reserve Account Balance | $ | 46,683,574.56 | ||||||
Part VII. Accumulation Account | ||||||||
| Beginning Accumulation Account Balance | $ | 556,784.27 | ||||||
| Accumulation Account Interest | 1,035.67 | |||||||
| Release of Accumulated Balance | 557,819.94 | |||||||
| Deposit to Accumulation Account | 95,717.18 | |||||||
| Ending Accumulation Account Balance | $ | 95,717.18 | ||||||
| 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 | 0.0031 | % | ||||||
Part VIII. Carryover Shortfall | Per $1000 of | |||||||
| Original Principal | ||||||||
| Noteholders’ Interest Carryover Shortfall | $ | — | — | |||||
| Noteholders’ Principal Carryover Shortfall | $ | — | — | |||||
| Certificateholders’ Interest Carryover Shortfall | $ | — | — | |||||
| Certificateholders’ Principal Carryover Shortfall | $ | — | — | |||||
| Part IX. Charge Off and Delinquency Rates | ||||||||||||
| Charge Off Rate | Average Receivables | Credit Repurchases | Loss Rate | |||||||||
| August | $ | 3,254,049,464.56 | $ | 714,842.60 | 0.263613 | |||||||
| July | $ | 3,245,679,504.36 | $ | 757,420.54 | 0.280035 | |||||||
| June | $ | 3,245,430,208.12 | $ | 798,026.90 | 0.295071 | |||||||
| Three Month Average Loss Rate | 0.279573 | |||||||||||
Delinquency Rate | Total Accounts | Accounts over 60 | % Delinquent | |||||||||
| August | 185,792 | 347 | 0.186768 | |||||||||
| July | 183,231 | 346 | 0.188833 | |||||||||
| June | 181,219 | 326 | 0.179893 | |||||||||
| Three Month Average Delinquency Rate | 0.185165 | |||||||||||
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2003-2
August-03
Original Inputs
| Total Pool Balance | $ | 3,340,006,891.76 | ||||||
| Class A-1 Notes Balance | $ | 755,000,000.00 | ||||||
| Class A-1 Notes Rate | One Month LIBOR+.06 | % | ||||||
| Class A-2a Notes Balance | $ | 230,000,000.00 | ||||||
| Class A-2a Notes Rate | 1.200 | % | ||||||
| Class A-2b Notes Balance | $ | 342,000,000.00 | ||||||
| Class A-2b Notes Rate | One Month LIBOR+.02 | % | ||||||
| Class A-3a Notes Balance | $ | 450,000,000.00 | ||||||
| Class A-3a Notes Rate | 1.440 | % | ||||||
| Class A-3b Notes Balance | $ | 636,000,000.00 | ||||||
| Class A-3b Notes Rate | One Month LIBOR+.04 | % | ||||||
| Class A-4a Notes Balance | $ | 250,000,000.00 | ||||||
| Class A-4a Notes Rate | 1.960 | % | ||||||
| Class A-4b Notes Balance | $ | 255,400,000.00 | ||||||
| Class A-4b Notes Rate | One Month LIBOR+.06 | % | ||||||
| Class B Certificates Balance | $ | 90,261,344.19 | ||||||
| Class B Certificates Rate | One Month LIBOR+.28 | % | ||||||
| Reserve Account Deposit | $ | 45,129,920.16 | ||||||
Part I. Collections | ||||||||
| Receipts During the Period | $ | 106,629,797.39 | ||||||
| Principal on Repurchased Contracts | $ | 5,180,689.48 | ||||||
| Schedule and Simple Interest Payments Advanced | $ | 151,715.64 | ||||||
| Schedule Principal Advanced | $ | 419,326.22 | ||||||
| Total Collections For the Period | $ | 112,381,528.73 | ||||||
| Beginning Pool Aggregate Principal Balance | $ | 3,029,727,599.39 | ||||||
| Ending Pool Aggregate Principal Balance | $ | 2,920,806,805.31 | ||||||
| Scheduled Principal Collection | $ | 100,013,108.63 | ||||||
| Beginning Aggregate Discounted Principal Balance | $ | 2,743,281,526.94 | ||||||
| Ending Aggregate Discounted Principal Balance | $ | 2,649,280,004.22 | ||||||
Part II. Distributions to Noteholders and Certificateholders | ||||||||
| Total Collections | $ | 112,381,528.73 | ||||||
| Plus: Reserve Account Draw | $ | 1,410,022.84 | ||||||
| Plus: Net Amount Due From Swap Counterparty | ||||||||
| Less: Total Servicing Fee | $ | 5,049,546.00 | ||||||
| Less: Net Amount Due to Swap Counterparty | $ | 365,601.83 | ||||||
| Less: Monthly Interest Due to Noteholders & Certificateholders | $ | 2,999,580.65 | ||||||
| Less: Principal Due to Noteholders | $ | 94,001,522.72 | ||||||
| Less: Principal Due to Certificateholders | $ | — | ||||||
| Less: Reserve Account Deposit | $ | — | ||||||
| Equals Reserve Fund Excess to be released to CARI | $ | 11,375,300.37 | ||||||
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2003-2
August-03
| Per $1000 of | ||||||||
| Original Principal | ||||||||
| Class A-1 Notes Distributable Amount | ||||||||
| Class A-1 Notes Monthly Interest | $ | 493,292.33 | 0.653367 | |||||
| Class A-1 Notes Monthly Principal | $ | 94,001,522.72 | 124.505328 | |||||
| Total Class A-1 Notes Distributable Amount | $ | 94,494,815.05 | ||||||
| Class A-2a Notes Distributable Amount | ||||||||
| Class A-2a Notes Monthly Interest | $ | 230,000.00 | 1.000000 | |||||
| Class A-2a Notes Monthly Principal | $ | — | — | |||||
| Total Class A-2a Notes Distributable Amount | $ | 230,000.00 | ||||||
| Class A-2b Notes Distributable Amount | ||||||||
| Class A-2b Notes Monthly Interest | $ | 332,785.00 | 0.973056 | |||||
| Class A-2b Notes Monthly Principal | $ | — | — | |||||
| Total Class A-2b Notes Distributable Amount | $ | 332,785.00 | ||||||
| Class A-3a Notes Distributable Amount | ||||||||
| Class A-3a Notes Monthly Interest | $ | 540,000.00 | 1.200000 | |||||
| Class A-3a Notes Monthly Principal | $ | — | — | |||||
| Total Class A-3a Notes Distributable Amount | $ | 540,000.00 | ||||||
| Class A-3b Notes Distributable Amount | ||||||||
| Class A-3b Notes Monthly Interest | $ | 629,816.67 | 0.990278 | |||||
| Class A-3b Notes Monthly Principal | $ | — | — | |||||
| Total Class A-3b Notes Distributable Amount | $ | 629,816.67 | ||||||
| Class A-4a Notes Distributable Amount | ||||||||
| Class A-4a Notes Monthly Interest | $ | 408,333.33 | 1.633333 | |||||
| Class A-4a Notes Monthly Principal | $ | — | — | |||||
| Total Class A-4a Notes Distributable Amount | $ | 408,333.33 | ||||||
| Class A-4b Notes Distributable Amount | ||||||||
| Class A-4b Notes Monthly Interest | $ | 257,315.50 | 1.007500 | |||||
| Class A-4b Notes Monthly Principal | $ | — | — | |||||
| Total Class A-4b Notes Distributable Amount | $ | 257,315.50 | ||||||
| Class B Certificates Distributable Amount | ||||||||
| Class B Certificates Monthly Interest | $ | 108,037.82 | 1.196945 | |||||
| Class B Certificates Monthly Principal | $ | — | — | |||||
| Total Class B Certificates Distributable Amount | $ | 108,037.82 | ||||||
| Total Servicing Fee | $ | 5,049,546.00 | 1.511837 | |||||
Part III. Payment Ahead and Advances | ||||
| Payment Ahead Servicing Account | ||||
| Beginning Payment Ahead Balance | $ | 1,810,543.33 | ||
| Less: Payments Applied | $ | 586,195.16 | ||
| Current Period Payments Ahead Received | $ | 312,540.66 | ||
| Ending Payment Ahead Balance | $ | 1,536,888.83 | ||
| Advance Account | ||||
| Beginning Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | 478,063.96 | ||
| Beginning Outstanding Unreimbursed Simple Interest Advances | $ | — | ||
| Scheduled Principal and Interest Advances | $ | 475,304.20 | ||
| Simple Interest Advances | $ | 95,737.66 | ||
| Reimbursement of Previous Scheduled Principal and Interest Advances | $ | 192,292.20 | ||
| Reimbursement of Previous Simple Interest Advances | $ | — | ||
| Ending Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | 761,075.96 | ||
| Ending Outstanding Unreimbursed Simple Interest Advances | $ | 95,737.66 | ||
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2003-2
August-03
Part IV Balances & Principal Factors
| Beginning of Period | End of Period | |||||||||||
| Total Pool Balance | $ | 3,029,727,599.39 | $ | 2,920,806,805.31 | ||||||||
| Total Pool Factor | 0.9071022 | 0.8744913 | ||||||||||
| Class A-1 Notes Balance | $ | 489,620,182.75 | $ | 395,618,660.03 | ||||||||
| Class A-1 Notes Principal Factor | 0.6485036 | 0.5239982 | ||||||||||
| Class A-2a Notes Balance | $ | 230,000,000.00 | $ | 230,000,000.00 | ||||||||
| Class A-2a Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||||||
| Class A-2b Notes Balance | $ | 342,000,000.00 | $ | 342,000,000.00 | ||||||||
| Class A-2b Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||||||
| Class A-3a Notes Balance | $ | 450,000,000.00 | $ | 450,000,000.00 | ||||||||
| Class A-3a Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||||||
| Class A-3b Notes Balance | $ | 636,000,000.00 | $ | 636,000,000.00 | ||||||||
| Class A-3b Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||||||
| Class A-4a Notes Balance | $ | 250,000,000.00 | $ | 250,000,000.00 | ||||||||
| Class A-4a Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||||||
| Class A-4b Notes Balance | $ | 255,400,000.00 | $ | 255,400,000.00 | ||||||||
| Class A-4b Notes Principal Factor | 1.0000000 | 1.0000000 | ||||||||||
| Class B Certificates Balance | $ | 90,261,344.19 | $ | 90,261,344.19 | ||||||||
| Class B Certificates Principal Factor | 1.0000000 | 1.0000000 | ||||||||||
| Part V. Reserve Account | Per $1000 of | |||||||
| Original Principal | ||||||||
| Beginning Reserve Account Balance | $ | 41,149,222.90 | ||||||
| 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 | $ | 1,410,022.84 | 31.243637 | |||||
| Ending Reserve Account Balance | $ | 39,739,200.06 | ||||||
| Reserve Account Floor | $ | 22,564,960.08 | ||||||
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 | |||||||||||
| August | $ | 2,975,267,202.35 | $ | 324,709.19 | 0.130963 | |||||||||
| July | $ | 3,086,110,263.82 | $ | 161,985.71 | 0.062986 | |||||||||
| June | $ | 3,198,273,562.89 | $ | 8,490.98 | 0.003186 | |||||||||
| 3 Month Average | 0.065712 | |||||||||||||
Delinquency Rate | Total Accounts | Accounts over 60 | % Delinquent | |||||||||||
| August | 149,121 | 198 | 0.132778 | |||||||||||
| July | 151,043 | 215 | 0.142344 | |||||||||||
| June | 152,828 | 140 | 0.091606 | |||||||||||
| 3 Month Average | 0.122243 | |||||||||||||
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2003-2
August-03
Part VIII. Prepayment Rate
| Prepayment Rate | ||||
| Month | % | |||
| 1 | 0.17 | |||
| 2 | 0.98 | |||
| 3 | 1.07 | |||
| 4 | 0.99 | |||
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2003-3
August 2003
Original Inputs
| Total Pool Balance | $ | 3,300,059,139.23 | ||
| Class A-1a Notes Balance | $ | 150,000,000.00 | ||
| Class A-1a Notes Rate | 1.770 | % | ||
| Class A-1b Notes Balance | $ | 980,000,000.00 | ||
| Class A-1b Notes Rate | One Month LIBOR+.05 | % | ||
| Class A-2a Notes Balance | $ | 125,000,000.00 | ||
| Class A-2a Notes Rate | 2.350 | % | ||
| Class A-2b Notes Balance | $ | 525,000,000.00 | ||
| Class A-2b Notes Rate | One Month LIBOR+.06 | % | ||
| Class A-3a Notes Balance | $ | 350,000,000.00 | ||
| Class A-3a Notes Rate | 2.960 | % | ||
| Class A-3b Notes Balance | $ | 470,000,000.00 | ||
| Class A-3b Notes Rate | One Month LIBOR+.08 | % | ||
| Class A-4a Notes Balance | $ | 150,500,000.00 | ||
| Class A-4a Notes Rate | 3.400 | % | ||
| Class A-4b Notes Balance | $ | 105,000,000.00 | ||
| Class A-4b Notes Rate | One Month LIBOR+.09 | % | ||
| Class B-1 Certificates Balance | $ | 58,331,568.24 | ||
| Class B-1 Certificates Rate | 3.710 | % | ||
| Class B-2 Certificates Balance | $ | 30,000,000.00 | ||
| Class B-2 Certificates Rate | One Month LIBOR+.35 | % | ||
| Reserve Account Deposit | $ | 44,157,473.52 | ||
Part I. Collections | ||||
| Receipts During the Period | $ | 184,867,771.00 | ||
| Principal on Repurchased Contracts | 4,612,445.83 | |||
| Schedule and Simple Interest Payments Advanced | 100,676.58 | |||
| Schedule Principal Advanced | 2,544,657.06 | |||
| Total Collections For the Period | $ | 192,125,550.47 | ||
| Beginning Pool Aggregate Principal Balance | $ | 3,300,059,139.23 | ||
| Ending Pool Aggregate Principal Balance | $ | 3,289,622,918.07 | ||
| Beginning Aggregate Discounted Principal Balance | $ | 2,943,831,568.24 | ||
| Ending Aggregate Discounted Principal Balance | $ | 2,943,831,568.24 | ||
Part II. Distributions to Noteholders and Certificateholders | ||||
| Total Collections | $ | 192,125,550.47 | ||
| Plus: Reserve Account Draw | — | |||
| Plus: Net Amount Due From Swap Counterparty | — | |||
| Less: Total Servicing Fee | 3,300,059.14 | |||
| Less: Net Amount Due to Swap Counterparty | 1,987,763.19 | |||
| Less: Monthly Interest Due to Noteholders & Certificateholders | 4,205,248.99 | |||
| Less: Reinvestment in New Receivables — Purchase Price | 158,497,886.17 | |||
| Less: Principal Due to Noteholders | — | |||
| Less: Principal Due to Certificateholders | — | |||
| Less: Reserve Account Deposit | 552.68 | |||
| Less: Accumulation Account Deposit | 198,985.62 | |||
| Equals Reserve Fund Excess to be released to CARI | $ | 23,935,054.68 | ||
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2003-3
August 2003
| Per $1000 of | ||||||||
| Original Principal | ||||||||
| Class A-1a Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 228,625.00 | 1.524167 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 228,625.00 | ||||||
| Class A-1b Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 1,010,488.89 | 1.031111 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 1,010,488.89 | ||||||
| Class A-2a Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 252,951.39 | 2.023611 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 252,951.39 | ||||||
| Class A-2b Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 546,000.00 | 1.040000 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 546,000.00 | ||||||
| Class A-3a Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 892,111.11 | 2.548889 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 892,111.11 | ||||||
| Class A-3b Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 497,155.56 | 1.057778 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 497,155.56 | ||||||
| Class A-4a Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 440,630.56 | 2.927778 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 440,630.56 | ||||||
| Class A-4b Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 112,000.00 | 1.066667 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 112,000.00 | ||||||
| Class B-1 Certificates Distributable Amount | ||||||||
| Monthly Interest | $ | 186,353.15 | 3.194722 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 186,353.15 | ||||||
| Class B-2 Certificates Distributable Amount | ||||||||
| Monthly Interest | $ | 38,933.33 | 1.297778 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 38,933.33 | ||||||
| Total Servicing Fee | $ | 3,300,059.14 | 1.000000 | |||||
Part III. Reinvestment in New Receivables
| Principal Distributable Amount | $ | 158,696,871.79 | ||
| Plus: Accumulation Amount | ||||
| Equals: Reinvestment Amount | $ | 158,696,871.79 | ||
| Additional Receivables Discounted Principal Balance | $ | 158,497,886.17 | ||
| Remaining Amount | $ | 198,985.62 | ||
| (to be deposited in the Accumulation Account) | ||||
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2003-3
August 2003
Part IV. Payment Ahead and Advances
Payment Ahead Servicing Account | ||||
| Beginning Payment Ahead Balance | $ | 4,517,364.46 | ||
| Less: Payments Applied | 3,208,300.60 | |||
| Current Period Payments Ahead Received | 3,645,323.05 | |||
| Ending Payment Ahead Balance | $ | 4,954,386.91 | ||
Advance Account | ||||
| Beginning Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | — | ||
| Beginning Outstanding Unreimbursed Simple Interest Advances | $ | — | ||
| Scheduled Principal and Interest Advances | 2,583,817.22 | |||
| Simple Interest Advances | 61,516.42 | |||
| Reimbursement of Previous Scheduled Principal and Interest Advances | 498,791.77 | |||
| Reimbursement of Previous Simple Interest Advances | — | |||
| Ending Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | 2,085,025.45 | ||
| Ending Outstanding Unreimbursed Simple Interest Advances | $ | 61,516.42 | ||
Part V. Balances & Principal Factors
| Beginning of Period | End of Period | ||||||||
| Total Pool Balance | $ | 3,300,059,139.23 | $ | 3,289,622,918.07 | |||||
| Total Pool Factor | 1.0000000 | 0.9968376 | |||||||
| Class A-1a Notes Balance | $ | 150,000,000.00 | $ | 150,000,000.00 | |||||
| Class A-1a Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class A-1b Notes Balance | $ | 980,000,000.00 | $ | 980,000,000.00 | |||||
| Class A-1b Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class A-2a Notes Balance | $ | 125,000,000.00 | $ | 125,000,000.00 | |||||
| Class A-2a Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class A-2b Notes Balance | $ | 525,000,000.00 | $ | 525,000,000.00 | |||||
| Class A-2b Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class A-3a Notes Balance | $ | 350,000,000.00 | $ | 350,000,000.00 | |||||
| Class A-3a Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class A-3b Notes Balance | $ | 470,000,000.00 | $ | 470,000,000.00 | |||||
| Class A-3b Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class A-4a Notes Balance | $ | 150,500,000.00 | $ | 150,500,000.00 | |||||
| Class A-4a Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class A-4b Notes Balance | $ | 105,000,000.00 | $ | 105,000,000.00 | |||||
| Class A-4b Notes Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class B-1 Certificates Balance | $ | 58,331,568.24 | $ | 58,331,568.24 | |||||
| Class B-1 Certificates Principal Factor | 1.0000000 | 1.0000000 | |||||||
| Class B-2 Certificates Balance | $ | 30,000,000.00 | $ | 30,000,000.00 | |||||
| Class B-2 Certificates Principal Factor | 1.0000000 | 1.0000000 | |||||||
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2003-3
August 2003
Part VI. Reserve Account
| Per $1000 of | ||||||||||||
| Original Principal | ||||||||||||
| Beginning Reserve Account Balance | $ | 44,157,473.52 | ||||||||||
| 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 (for Accumulation Account) | 552.68 | — | ||||||||||
| Additions to Reserve Account | — | — | ||||||||||
| Releases from Reserve Account | — | — | ||||||||||
| Ending Reserve Account Balance | $ | 44,158,026.20 | ||||||||||
| Reserve Account Floor | $ | 22,078,736.76 | ||||||||||
| 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 | $ | 44,157,473.52 | ||||||||||
| Reserve Account Balance | $ | 44,157,473.52 | ||||||||||
Part VII. Accumulation Account | ||||||||||||
| Beginning Accumulation Account Balance | $ | — | ||
| Accumulation Account Interest | — | |||
| Release of Accumulated Balance | — | |||
| Deposit to Accumulation Account | 198,985.62 | |||
| Ending Accumulation Account Balance | $ | 198,985.62 | ||
| 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 | 0.0068 | % | ||
Part VIII. Carryover Shortfall
| Per $1000 of | ||||||||
| Original Principal | ||||||||
| Noteholders’ Interest Carryover Shortfall | $ | — | — | |||||
| Noteholders’ Principal Carryover Shortfall | $ | — | — | |||||
| Certificateholders’ Interest Carryover Shortfall | $ | — | — | |||||
| Certificateholders’ Principal Carryover Shortfall | $ | — | — | |||||
| Part IX. Charge Off and Delinquency Rates | ||||||||||||
Charge Off Rate | Average Receivables | Credit Repurchases | Loss Rate | |||||||||
| August | $ | 3,162,295,761.46 | $ | 20,741.55 | 0.007871 | |||||||
| July | $ | 3,256,447,821.61 | $ | — | 0.000000 | |||||||
| $ | — | $ | — | |||||||||
| Two Month Average Loss Rate | 0.003935 | |||||||||||
Delinquency Rate | Total Accounts | Accounts over 60 | % Delinquent | |||||||||
| August | 152,326 | 142 | 0.093221 | |||||||||
| July | 153,764 | 38 | 0.024713 | |||||||||
| — | 0 | |||||||||||
| Two Month Average Delinquency Rate | 0.058967 | |||||||||||
