- ------------------------------------------------------------------------------------------------------------------------------------ CHASE MANHATTAN AUTO OWNER TRUST SERIES 1998-C STATEMENT TO CERTIFICATEHOLDERS ==================================================================================================================================== PERIOD 7 PAGE # 1 DETERMINATION: 8-Jan-99 Beginning 12/1/98 DISTRIBUTION: 15-Jan-99 Ending 12/31/98 TIME: 2/2/99 11:02 CLASS A-1 5.588% ASSET BACKED NOTES CLASS A-2 5.747% ASSET BACKED NOTES CLASS A-3 5.800% ASSET BACKED NOTES CLASS A-4 5.850% ASSET BACKED NOTES CLASS B-1 6.000% ASSET BACKED CERTIFICATES ORIG PRINCIPAL BEG PRINCIPAL PRINCIPAL INTEREST TOTAL END PRINCIPAL CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ A-1 Notes $258,000,000.00 $63,276,404.60 $29,483,059.77 $304,479.03 $29,787,538.80 $33,793,344.83 A-2 Notes $195,000,000.00 $195,000,000.00 $0.00 $933,887.50 $933,887.50 $195,000,000.00 A-3 Notes $325,000,000.00 $325,000,000.00 $0.00 $1,570,833.33 $1,570,833.33 $325,000,000.00 A-4 Notes $283,900,000.00 $283,900,000.00 $0.00 $1,384,012.50 $1,384,012.50 $283,900,000.00 - ------------------------------------------------------------------------------------------------------------------------------------ NOTE TOTALS $1,061,900,000.00 $867,176,404.60 $29,483,059.77 $4,193,212.36 $33,676,272.13 $837,693,344.83 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ B-1 $32,889,211.45 $32,889,211.45 $0.00 $164,446.06 $164,446.06 $32,889,211.45 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ CERTIFICATE TOTALS $32,889,211.45 $32,889,211.45 $0.00 $164,446.06 $164,446.06 $32,889,211.45 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS $1,094,789,211.45 $900,065,616.05 $29,483,059.77 $4,357,658.42 $33,840,718.19 $870,582,556.28 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ FACTOR INFORMATION PER $1,000 PRINCIPAL INTEREST END PRINCIPAL CLASS DISTRIBUTION DISTRIBUTION BALANCE - -------------------------------------------------------------------------------- A-1 114.27542547 1.18015128 130.98195671 ----------------------- ----------------------- -------------------------------------------------------------------- A-2 0.00000000 4.78916667 1,000.00000000 ----------------------- ----------------------- -------------------------------------------------------------------- A-3 0.00000000 4.83333332 1,000.00000000 ----------------------- ----------------------- -------------------------------------------------------------------- A-4 0.00000000 4.87500000 1,000.00000000 ----------------------- ----------------------- - -------------------------------------------------------------------------------- Notes Totals 27.76444088 3.94878271 788.86274115 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- B-1 0.00000000 5.00000008 1,000.00000000 - ----------------------- ----------------------- - -------------------------------------------------------------------------------- Certificate Totals 0.00000000 5.00000008 1,000.00000000 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- TOTALS 26.93035286 3.98036295 795.20564066 - -------------------------------------------------------------------------------- (C) COPYRIGHT 1998, CHASE MANHATTAN BANK - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ CHASE MANHATTAN AUTO OWNER TRUST SERIES 1998-C STATEMENT TO CERTIFICATEHOLDERS ==================================================================================================================================== - ------------------------------------------------------------------------------------------------------------------------------------ PERIOD 7 PAGE # 2 DETERMINATION: 8-Jan-99 Beginning 12/1/98 DISTRIBUTION: 15-Jan-99 Ending 12/31/98 TIME: 2/2/99 11:02 per $1000 Section 5.8 (iii) Servicing Fee $750,054.68 0.68511333 Section 5.8 (iv) Administration Fee $1,000.00 0.00091342 Section 5.8 (vi) Pool Balance at the end of the Collection Period $870,582,556.28 Section 5.8 (vii) Repurchase Amounts for Repurchased Receivable By Seller $0.00 By Servicer $18,454.91 TOTAL $18,454.91 Section 5.8 (viii) Realized Net Losses for Collection Period $314,175.77 Section 5.8 (ix) Reserve Account Balance after Disbursement $26,117,476.69 Section 5.8 (x) Specified Reserve Account Balance $26,117,476.69 Section 5.8 (xi) Total Distribution Amount $35,771,426.15 Servicing Fee $750,054.68 Administrative Fee $1,000.00 Noteholders' Distribution Amount $33,676,272.13 Certificateholders' Distribution Amount $ 164,446.06 Deposit to Reserve Account $1,179,653.28 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 $29,483,059.77 $304,479.03 $29,787,538.80 114.27542547 1.18015128 115.45557674 A-2 $0.00 $933,887.50 $933,887.50 0.00000000 4.78916667 4.78916667 A-3 $0.00 $1,570,833.33 $1,570,833.33 0.00000000 4.83333332 4.83333332 A-4 $0.00 $1,384,012.50 $1,384,012.50 0.00000000 4.87500000 4.87500000 - ------------------------------------------------------------------------------------------------------------------------------------ Total $29,483,059.77 $4,193,212.36 $33,676,272.13 27.76444088 3.94878271 31.71322359 - ------------------------------------------------------------------------------------------------------------------------------------ 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 $164,446.06 $164,446.06 0.00000000 5.00000008 5.00000008 - ------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------- Total $0.00 $164,446.06 $164,446.06 0.00000000 5.00000008 5.00000008 - ------------------------------------------------------------------------------------------------------------------------------- Section 5.8 (xiv) Reserve Fund Transfer Amount $ 1,179,653.28 (C) COPYRIGHT 1998, CHASE MANHATTAN BANK - ------------------------------------------------------------------------------------------------------------------------------------