Page 1 Chase Manhattan Auto Owner Trust 1998-B Statement to Certificateholders January 18 2000 DISTRIBUTION IN DOLLARS ORIGINAL PRIOR CURRENT FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSES INTEREST BALANCE A1 250,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A2 200,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A3 321,000,000.00 206,470,758.28 21,390,929.38 989,339.05 22,380,268.43 0.00 0.00 185,079,828.90 A4 282,800,000.00 282,800,000.00 0.00 1,366,866.67 1,366,866.67 0.00 0.00 282,800,000.00 B1 32,604,142.65 32,604,142.65 0.00 164,379.22 164,379.22 0.00 0.00 32,604,142.65 TOTALS 1,086,404,142.65 521,874,900.93 21,390,929.380 2,520,584.94 23,911,514.32 0.00 0.00 500,483,971.55 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES PRIOR CURRENT CURRENT PRINCIPAL PRINCIPAL CLASS PASS THRU CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR RATE A1 .00000000 .00000000 .00000000 .00000000 .00000000 A1 5.578000 % A2 .00000000 .00000000 .00000000 .00000000 .00000000 A2 5.729000 % A3 643.21108498 66.63840928 3.08205312 69.72046240 576.57267570 A3 5.750000 % A4 1,000.00000000 .00000000 4.83333335 4.83333335 1,000.00000000 A4 5.800000 % B1 1,000.00000000 .00000000 5.04166669 5.04166669 1,000.00000000 B1 6.050000 % TOTALS 480.36902700 19.68966109 2.32011720 22.00977830 460.67936590 IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: Mark McDermott The Chase Manhattan Bank - Structured Finance Services 450 W. 33rd Street, 14th Floor, New York, New York 10001 Tel: (212) 946-7016 Email: mark.mcdermott@chase.com (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION Page 2 Chase Manhattan Auto Owner Trust 1998-B January 18 2000 STATEMENT TO CERTIFICATEHOLDERS Due Period 21 Due Period Beginning Date 12/01/99 Due Period End Date 12/31/99 Determination Date 01/10/00 Section 5.8(iii) Servicing Fee 434,895.75 Section 5.8(iii) Servicing Fee per $1000 0.40030752 Section 5.8(iv) Administration Fee 1,000.00 Section 5.8(iv) Administration Fee per $1000 0.00092047 Section 5.8(vi) Pool Balance at the end of the Collection Period 500,483,971.55 Section 5.8(vii) Repurchase Amounts for Repurchased Receivable By Seller 0.00 By Servicer 14,920.05 TOTAL 14,920.05 Section 5.8(viii) Realized Net Losses for Collection Period 221,187.82 Section 5.8(ix) Reserve Account Balance after Disbursement 15,014,519.15 Section 5.8(x) Specified Reserve Account Balance 15,014,519.15 Section 5.8(xi) Total Distribution Amount 24,906,493.35 Servicing Fee 434,895.75 Administration Fee 1,000.00 Noteholders Distribution Amount 23,747,135.10 (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION Page 3 Chase Manhattan Auto Owner Trust 1998-B January 18 2000 Certficateholders Distribution Amount 164,379.22 Deposit to Reserve Account 559,083.28 (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION