- ------------------------------------------------------------------------------------------------------------------------------------ CHASE MANHATTAN AUTO OWNER TRUST SERIES 1998-B STATEMENT TO CERTIFICATEHOLDERS ==================================================================================================================================== PERIOD 8 PAGE # 1 DETERMINATION: 10-Dec-98 Beginning 11/1/98 DISTRIBUTION: 15-Dec-98 Ending 11/30/98 TIME: 1/6/99 14:12 CLASS A-1 5.578% MONEY MARKET ASSET BACKED NOTES CLASS A-2 5.729% ASSET BACKED NOTES CLASS A-3 5.750% ASSET BACKED NOTES CLASS A-4 5.800% ASSET BACKED NOTES CLASS B-1 6.050% ASSET BACKED CERTIFICATES ORIG PRINCIPAL BEG PRINCIPAL PRINCIPAL INTEREST TOTAL END PRINCIPAL CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ A-1 Notes $250,000,000.00 $27,780,599.31 $27,780,599.31 $124,829.04 $27,905,428.35 $0.00 A-2 Notes $200,000,000.00 $200,000,000.00 $107,853.92 $954,833.33 $1,062,687.25 $199,892,146.08 A-3 Notes $321,000,000.00 $321,000,000.00 $0.00 $1,538,125.00 $1,538,125.00 $321,000,000.00 A-4 Notes $282,800,000.00 $282,800,000.00 $0.00 $1,366,866.67 $1,366,866.67 $282,800,000.00 - ------------------------------------------------------------------------------------------------------------------------------------ NOTE TOTALS $1,053,800,000.00 $831,580,599.31 $27,888,453.23 $3,984,654.04 $31,873,107.27 $803,692,146.08 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ B-1 $32,604,142.65 $32,604,142.65 $0.00 $164,379.22 $164,379.22 $32,604,142.65 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ CERTIFICATE TOTALS $32,604,142.65 $32,604,142.65 $0.00 $164,379.22 $164,379.22 $32,604,142.65 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS $1,086,404,142.65 $864,184,741.96 $27,888,453.23 $4,149,033.26 $32,037,486.49 $836,296,288.73 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1,000 PRINCIPAL INTEREST END PRINCIPAL CLASS DISTRIBUTION DISTRIBUTION BALANCE - -------------------------------------------------------------------------------- A-1 111.12239724 0.49931616 0.00000000 ----------------------- --------------------------------------------------------- A-2 0.53926960 4.77416665 999.46073040 ----------------------- --------------------------------------------------------- A-3 0.00000000 4.79166667 1,000.00000000 ----------------------- --------------------------------------------------------- A-4 0.00000000 4.83333335 1,000.00000000 ----------------------- - -------------------------------------------------------------------------------- Notes Totals 26.46465480 3.78122418 762.66098508 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- B-1 0.00000000 5.04166669 1,000.00000000 - ----------------------- ----------------------- - -------------------------------------------------------------------------------- Certificate Totals 0.00000000 5.04166669 1,000.00000000 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- TOTALS 25.67042239 3.81905140 769.78378110 - -------------------------------------------------------------------------------- (C) COPYRIGHT 1998, CHASE MANHATTAN BANK - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ CHASE MANHATTAN AUTO OWNER TRUST SERIES 1998-B STATEMENT TO CERTIFICATEHOLDERS ==================================================================================================================================== - ------------------------------------------------------------------------------------------------------------------------------------ PERIOD 8 PAGE # 2 DETERMINATION: 10-Dec-98 Beginning 11/1/98 DISTRIBUTION: 15-Dec-98 Ending 11/30/98 TIME: 1/6/99 14:12 per $1000 Section 5.8 (iii) Servicing Fee $720,153.95 0.66287850 Section 5.8 (iv) Administration Fee $1,000.00 0.00092047 Section 5.8 (vi) Pool Balance at the end of the Collection Period $836,296,288.73 Section 5.8 (vii) Repurchase Amounts for Repurchased Receivable By Seller $0.00 By Servicer $53,410.07 TOTAL $53,410.07 Section 5.8 (viii) Realized Net Losses for Collection Period $360,023.37 Section 5.8 (ix) Reserve Account Balance after Disbursement $25,088,888.66 Section 5.8 (x) Specified Reserve Account Balance $25,088,888.66 Section 5.8 (xi) Total Distribution Amount $34,047,484.46 Servicing Fee $720,153.95 Administrative Fee $1,000.00 Noteholders' Distribution Amount $31,873,107.27 Certificateholders' Distribution Amount $ 164,379.22 Deposit to Reserve Account $1,288,844.02 Section 5.8 (xii) Noteholders' Distributable Amount - ------------------------------------------------------------------------------------------------------------------------------------ Class Principal Interest Total Prin (per $1000/orig) Int (per $1000/orig) Total (per $1000/orig) - ------------------------------------------------------------------------------------------------------------------------------------ A-1 $27,780,599.31 $124,829.04 $27,905,428.35 111.12239724 0.49931616 111.62171340 A-2 $107,853.92 $954,833.33 $1,062,687.25 0.53926960 4.77416665 5.31343625 A-3 $0.00 $1,538,125.00 $1,538,125.00 0.00000000 4.79166667 4.79166667 A-4 $0.00 $1,366,866.67 $1,366,866.67 0.00000000 4.83333335 4.83333335 - ------------------------------------------------------------------------------------------------------------------------------------ Total $27,888,453.23 $3,984,654.04 $31,873,107.27 26.46465480 3.78122418 30.24587898 - ------------------------------------------------------------------------------------------------------------------------------------ Section 5.8 (xiii) Certificateholders' Distributable Amount - -------------------------------------------------------------------------------------------------------------------------------- Class Principal Interest Total Prin (per $1000/orig) Int (per $1000/orig) Total (per $1000/orig) - -------------------------------------------------------------------------------------------------------------------------------- B-1 $0.00 $164,379.22 $164,379.22 0.00000000 5.04166669 5.04166669 - ---------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------- Total $0.00 $164,379.22 $164,379.22 0.00000000 5.04166669 5.04166669 - ---------------------------------------------------------------------------------------------------------------------- Section 5.8 (xiv) Reserve Fund Transfer Amount $ 1,288,844.02 (C) COPYRIGHT 1998, CHASE MANHATTAN BANK - ------------------------------------------------------------------------------------------------------------------------------------