EXHIBIT 20
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
August 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 | $ | 126,687,959.69 | ||||
| Principal on Repurchased Contracts | 7,249,322.09 | |||||
| Schedule and Simple Interest Payments Advanced | 331,212.10 | |||||
| Schedule Principal Advanced | 903,733.06 | |||||
| Total Collections For the Period | $ | 135,172,226.94 | ||||
| Beginning Pool Aggregate Principal Balance | $ | 2,962,671,586.98 | ||||
| Ending Pool Aggregate Principal Balance | $ | 2,837,872,558.73 | ||||
| Scheduled Principal Collection | $ | 102,063,376.19 | ||||
| Beginning Aggregate Discounted Principal Balance | $ | 2,753,694,346.16 | ||||
| Ending Aggregate Discounted Principal Balance | $ | 2,639,648,533.19 | ||||
Part II. Distributions to Noteholders and Certificateholders | ||||||
| Total Collections | $ | 135,172,226.94 | ||||
| Plus: Reserve Account Draw | — | |||||
| Plus: Net Amount Due From Swap Counterparty | — | |||||
| Less: Total Servicing Fee | 4,937,785.98 | |||||
| Less: Net Amount Due to Swap Counterparty | 104,351.58 | |||||
| Less: Monthly Interest Due to Noteholders | 8,829,694.54 | |||||
| Less: Principal Due to Noteholders | 114,045,812.97 | |||||
| Less: Reserve Account Deposit | — | |||||
| Less: Accumulation Account Deposit | — | |||||
| Equals Reserve Fund Excess to be released to CARI | $ | 7,254,581.87 | ||||
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Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
August 2005
| Per $1000 of | ||||||||
| Original Principal | ||||||||
| Class A-1 Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 720,428.80 | 1.309871 | |||||
| Monthly Principal | 114,045,812.97 | 207.356024 | ||||||
| Distributable Amount | $ | 114,766,241.77 | ||||||
| Class A-2a Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 1,399,359.38 | 3.109688 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 1,399,359.38 | ||||||
| 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 | $ | 1,876,145.83 | 3.126910 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 1,876,145.83 | ||||||
| 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 | $ | 726,558.22 | 0.955998 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 726,558.22 | ||||||
| Class B Notes Distributable Amount | ||||||||
| Monthly Interest | $ | 417,304.21 | 3.398160 | |||||
| Monthly Principal | — | — | ||||||
| Distributable Amount | $ | 417,304.21 | ||||||
| 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 | $ | 4,937,785.98 | 1.490028 | |||||
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Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
August 2005
Part III. Payment Ahead and Advances | ||||||||
Payment Ahead Servicing Account | ||||||||
| Beginning Payment Ahead Balance | $ | 5,071,594.85 | ||||||
| Less: Payments Applied | 1,234,175.98 | |||||||
| Current Period Payments Ahead Received | 2,247,014.42 | |||||||
| Ending Payment Ahead Balance | $ | 6,084,433.29 | ||||||
Advance Account | ||||||||
| Beginning Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | 2,401,593.93 | ||||||
| Beginning Outstanding Unreimbursed Simple Interest Advances | 1,165,656.72 | |||||||
| Scheduled Principal and Interest Advances | 1,090,811.78 | |||||||
| Simple Interest Advances | 144,133.38 | |||||||
| Reimbursement of Previous Scheduled Principal and Interest Advances | 1,197,030.67 | |||||||
| Reimbursement of Previous Simple Interest Advances | 81,157.42 | |||||||
| Ending Outstanding Unreimbursed Scheduled Principal and Interest Advances | $ | 2,295,375.04 | ||||||
| Ending Outstanding Unreimbursed Simple Interest Advances | $ | 1,228,632.68 | ||||||
Part IV. Balances & Principal Factors | ||||||||
| Beginning of Period | End of Period | |||||||
| Total Pool Balance | $ | 2,962,671,586.98 | $ | 2,837,872,558.73 | ||||
| Total Pool Factor | 0.8940166 | 0.8563572 | ||||||
| Class A-1 Notes Balance | $ | 233,613,121.99 | $ | 119,567,309.02 | ||||
| Class A-1 Notes Principal Factor | 0.4247511 | 0.2173951 | ||||||
| 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 | ||||||
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Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
August 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 | |||||||||
| August 2005 | $ | 2,900,272,072.86 | $ | 764,218.55 | 0.3162 | % | ||||||
| July 2005 | $ | 3,022,592,977.10 | $ | 358,403.81 | 0.1423 | % | ||||||
| June 2005 | $ | 3,150,004,758.19 | $ | 45,775.55 | 0.0174 | % | ||||||
| Three Month Average Loss Rate | 0.1586 | % | ||||||||||
Delinquency Rate | Total Accounts | Accounts Over 60 | % Delinquent | |||||||||
| August 2005 | 176,523 | 649 | 0.3677 | % | ||||||||
| July 2005 | 180,398 | 553 | 0.3065 | % | ||||||||
| June 2005 | 183,889 | 380 | 0.2066 | % | ||||||||
| Three Month Average Delinquency Rate | 0.2936 | % | ||||||||||
Page 4
Monthly Servicing Report
Capital Auto Receivables Asset Trust 2005-1
August 2005
Part VIII. Prepayment Rate
| Month | Prepayment Rate | |||
| 1 | 0.728% | |||
| 2 | 1.980% | |||
| 3 | 1.570% | |||
| 4 | 1.811% | |||
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