EXHIBIT 20
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
July 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 | $ | 120,875,476.41 | ||||
| Principal on Repurchased Contracts | 7,653,207.84 | |||||
| Schedule and Simple Interest Payments Advanced | 889,775.96 | |||||
| Schedule Principal Advanced | 1,184,078.61 | |||||
| Total Collections For the Period | $ | 130,602,538.82 | ||||
| Beginning Pool Aggregate Principal Balance | $ | 3,082,514,367.22 | ||||
| Ending Pool Aggregate Principal Balance | $ | 2,962,671,586.98 | ||||
| Scheduled Principal Collection | $ | 96,943,358.18 | ||||
| Beginning Aggregate Discounted Principal Balance | $ | 2,861,098,274.44 | ||||
| Ending Aggregate Discounted Principal Balance | $ | 2,753,694,346.16 | ||||
Part II. Distributions to Noteholders and Certificateholders | ||||||
| Total Collections | $ | 130,602,538.82 | ||||
| Plus: Reserve Account Draw | — | |||||
| Plus: Net Amount Due From Swap Counterparty | — | |||||
| Less: Total Servicing Fee | 5,137,523.95 | |||||
| Less: Net Amount Due to Swap Counterparty | 351,678.22 | |||||
| Less: Monthly Interest Due to Noteholders | 8,885,963.01 | |||||
| Less: Principal Due to Noteholders | 107,403,928.28 | |||||
| Less: Reserve Account Deposit | — | |||||
| Less: Accumulation Account Deposit | — | |||||
| Equals Reserve Fund Excess to be released to CARI | $ | 8,823,445.36 | ||||
Page 1
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
July 2005
| Per $1000 of | ||||||||
| Original Principal | ||||||||
| Class A-1 Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 997,873.01 | 1.814315 | |||||
| Monthly Principal | 107,403,928.28 | 195.279870 | ||||||
| Distributable Amount | $ | 108,401,801.29 | ||||||
| Class A-2a Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 1,328,400.38 | 2.952001 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 1,328,400.38 | ||||||
| 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 | $ | 1,781,533.83 | 2.969223 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 1,781,533.83 | ||||||
| Class A-4 Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 2,565,000.00 | 3.3375000 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 2,565,000.00 | ||||||
| Class A-5 Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 690,317.88 | 0.908313 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 690,317.88 | ||||||
| Class B Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 397,939.81 | 3.240473 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 397,939.81 | ||||||
| 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 | $ | 5,137,523.95 | 1.550301 | |||||
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Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
July 2005
Part III. Payment Ahead and Advances | ||||||||
Payment Ahead Servicing Account | ||||||||
| Beginning Payment Ahead Balance | $ | 6,105,783.11 | ||||||
| Less: Payments Applied | 2,223,000.30 | |||||||
| Current Period Payments Ahead Received | 1,188,812.04 | |||||||
| Ending Payment Ahead Balance | $ | 5,071,594.85 | ||||||
Advance Account | ||||||||
| Beginning Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | 1,823,641.72 | ||||||
| Beginning Outstanding Unreimbursed Simple Interest Advances | 487,117.14 | |||||||
| Scheduled Principal and Interest Advances | 1,395,314.99 | |||||||
| Simple Interest Advances | 678,539.58 | |||||||
| Reimbursement of Previous Scheduled Principal and Interest Advances | 817,362.78 | |||||||
| Reimbursement of Previous Simple Interest Advances | — | |||||||
| Ending Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | 2,401,593.93 | ||||||
| Ending Outstanding Unreimbursed Simple Interest Advances | $ | 1,165,656.72 | ||||||
Part IV. Balances & Principal Factors | ||||||||
| Beginning of Period | End of Period | |||||||
| Total Pool Balance | $ | 3,082,514,367.22 | $ | 2,962,671,586.98 | ||||
| Total Pool Factor | 0.9301804 | 0.8940166 | ||||||
| Class A-1 Notes Balance | $ | 341,017,050.27 | $ | 233,613,121.99 | ||||
| Class A-1 Notes Principal Factor | 0.6200310 | 0.4247511 | ||||||
| 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
July 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 | |||||||||
| July 2005 | $ | 3,022,592,977.10 | $ | 358,403.81 | 0.1423 | % | ||||||
| June 2005 | $ | 3,150,004,758.19 | $ | 45,775.55 | 0.0174 | % | ||||||
| May 2005 | $ | 3,265,692,014.43 | $ | — | 0.0000 | % | ||||||
| Three Month Average Loss Rate | 0.0532 | % | ||||||||||
Delinquency Rate | Total Accounts | Accounts Over 60 | % Delinquent | |||||||||
| July 2005 | 180,398 | 553 | 0.3065 | % | ||||||||
| June 2005 | 183,889 | 380 | 0.2066 | % | ||||||||
| May 2005 | 188,051 | 10 | 0.0053 | % | ||||||||
| Three Month Average Delinquency Rate | 0.1728 | % | ||||||||||
Page 4
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
July 2005
Part VIII. Prepayment Rate
| Month | Prepayment Rate | |||
| 1 | 0.728% | |||
| 2 | 1.980% | |||
| 3 | 2.298% | |||
Page 5