EXHIBIT 20
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
June 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 | $ | 132,887,777.55 | ||||
| Principal on Repurchased Contracts | 11,883,443.52 | |||||
| Schedule and Simple Interest Payments Advanced | 427,953.09 | |||||
| Schedule Principal Advanced | 1,018,957.24 | |||||
| Total Collections For the Period | $ | 146,218,131.40 | ||||
| Beginning Pool Aggregate Principal Balance | $ | 3,217,495,149.16 | ||||
| Ending Pool Aggregate Principal Balance | $ | 3,082,514,367.22 | ||||
| Scheduled Principal Collection | $ | 106,598,584.67 | ||||
| Beginning Aggregate Discounted Principal Balance | $ | 2,983,511,052.11 | ||||
| Ending Aggregate Discounted Principal Balance | $ | 2,861,098,274.44 | ||||
Part II. Distributions to Noteholders and Certificateholders | ||||||
| Total Collections | $ | 146,218,131.40 | ||||
| Plus: Reserve Account Draw | — | |||||
| Plus: Net Amount Due From Swap Counterparty | — | |||||
| Less: Total Servicing Fee | 5,362,491.92 | |||||
| Less: Net Amount Due to Swap Counterparty | 780,118.14 | |||||
| Less: Monthly Interest Due to Noteholders | 8,803,543.21 | |||||
| Less: Principal Due to Noteholders | 122,412,777.67 | |||||
| Less: Reserve Account Deposit | — | |||||
| Less: Accumulation Account Deposit | — | |||||
| Equals Reserve Fund Excess to be released to CARI | $ | 8,859,200.46 | ||||
Page 1
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
June 2005
| Per $1000 of | ||||||||
| Original Principal | ||||||||
| Class A-1 Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 1,247,398.62 | 2.267997 | |||||
| Monthly Principal | 122,412,777.67 | 222.568687 | ||||||
| Distributable Amount | $ | 123,660,176.29 | ||||||
| Class A-2a Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 1,222,500.00 | 2.716667 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 1,222,500.00 | ||||||
| Class A-2b Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 777,083.33 | 3.108333 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 777,083.33 | ||||||
| Class A-3 Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 1,640,000.00 | 2.733333 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 1,640,000.00 | ||||||
| Class A-4 Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 2,565,000.00 | 3.375000 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 2,565,000.00 | ||||||
| Class A-5 Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 635,849.17 | 0.836644 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 635,849.17 | ||||||
| Class B Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 367,897.32 | 2.995833 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 367,897.32 | ||||||
| Class C Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 181,517.69 | 3.941667 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 181,517.69 | ||||||
| Class D Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 166,297.08 | 5.416667 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 166,297.08 | ||||||
| Total Servicing Fee | $ | 5,362,491.92 | 1.618187 | |||||
Page 2
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
June 2005
Part III. Payment Ahead and Advances | ||||||||
Payment Ahead Servicing Account | ||||||||
| Beginning Payment Ahead Balance | $ | 6,339,288.86 | ||||||
| Less: Payments Applied | 1,705,863.83 | |||||||
| Current Period Payments Ahead Received | 1,472,358.08 | |||||||
| Ending Payment Ahead Balance | $ | 6,105,783.11 | ||||||
Advance Account | ||||||||
| Beginning Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | 1,343,204.74 | ||||||
| Beginning Outstanding Unreimbursed Simple Interest Advances | 252,521.38 | |||||||
| Scheduled Principal and Interest Advances | 1,205,758.38 | |||||||
| Simple Interest Advances | 241,151.95 | |||||||
| Reimbursement of Previous Scheduled Principal and Interest Advances | 725,321.40 | |||||||
| Reimbursement of Previous Simple Interest Advances | 6,556.19 | |||||||
| Ending Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | 1,823,641.72 | ||||||
| Ending Outstanding Unreimbursed Simple Interest Advances | $ | 487,117.14 | ||||||
Part IV. Balances & Principal Factors | ||||||||
| Beginning of Period | End of Period | |||||||
| Total Pool Balance | $ | 3,217,495,149.16 | $ | 3,082,514,367.22 | ||||
| Total Pool Factor | 0.9709122 | 0.9301804 | ||||||
| Class A-1 Notes Balance | $ | 463,429,827.94 | $ | 341,017,050.27 | ||||
| Class A-1 Notes Principal Factor | 0.8425997 | 0.6200310 | ||||||
| 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
June 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 | $ | 15,350,406.12 | ||||||||||
| Reserve Account Balance | $ | 15,350,406.12 | ||||||||||
| 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 | |||||||||
| June 2005 | $ | 3,150,004,758.19 | $ | 45,775.55 | 0.0174 | % | ||||||
| May 2005 | $ | 3,265,692,014.43 | $ | — | 0.0000 | % | ||||||
| Two Month Average Loss Rate | 0.0087 | % | ||||||||||
Delinquency Rate | Total Accounts | Accounts Over 60 | % Delinquent | |||||||||
| June 2005 | 183,889 | 380 | 0.2066 | % | ||||||||
| May 2005 | 188,051 | 10 | 0.0053 | % | ||||||||
| Two Month Average Delinquency Rate | 0.1060 | % | ||||||||||
Page 4
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
June 2005
Part VIII. Prepayment Rate
| Month | Prepayment Rate | |||
| 1 | 0.728% | |||
| 2 | 2.708% | |||
Page 5
