CHASE MANHATTAN AUTO OWNER TRUST SERIES 1998-C STATEMENT TO CERTIFICATEHOLDERS PERIOD 12 PAGE # 1 DETERMINATION: 10-Jun-1999 Beginning 5/1/99 DISTRIBUTION: 15-Jun-1999 Ending 5/31/99 TIME: 6/29/99 3:26 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 $0.00 $0.00 $0.00 $0.00 $0.00 A-2 Notes $195,000,000.00 $116,447,553.43 $25,635,977.51 $557,686.74 $26,193,664.25 $90,811,575.92 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 $725,347,553.43 $25,635,977.51 $3,512,532.57 $29,148,510.08 $699,711,575.92 B-1 $32,889,211.45 $30,459,754.34 $792,865.28 $152,298.77 $945,164.05 $29,666,889.06 CERTIFICATE TOTALS $32,889,211.45 $30,459,754.34 $792,865.28 $152,298.77 $945,164.05 $29,666,889.06 TOTALS $1,094,789,211.45 $755,807,307.77 $26,428,842.79 $3,664,831.34 $30,093,674.13 $729,378,464.98 FACTOR INFORMATION PER $1,000 PRINCIPAL INTEREST END PRINCIPAL CLASS DISTRIBUTION DISTRIBUTION BALANCE A-1 0.00000000 0.00000000 0.00000000 A-2 131.46655133 2.85993200 465.70038933 A-3 0.00000000 4.83333332 1,000.00000000 A-4 0.00000000 4.87500000 1,000.00000000 Notes Totals 24.14161174 3.30778093 658.92416981 B-1 24.10715384 4.63066043 902.02494229 Certificate Totals 24.10715384 4.63066043 902.02494229 TOTALS 24.14057657 3.34752234 666.22730417 IF THERE ARE ANY QUESTIONS OR COMMENTS, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW KIM COSTA THE CHASE MANHATTAN BANK - ASPG 450 WEST 33RD STREET, 15TH FLOOR NEW YORK, NEW YORK 10001 (212) 946-3247 CHASE MANHATTAN AUTO OWNER TRUST SERIES 1998-C STATEMENT TO CERTIFICATEHOLDERS PERIOD 12 PAGE # 2 DETERMINATION: 10-Jun-1999 Beginning 5/1/99 DISTRIBUTION: 15-Jun-1999 Ending 5/31/99 TIME: 6/29/99 3:26 per $1000 Section 5.8 (iii) Servicing Fee $629,839.42 0.57530656 Section 5.8 (iv) Administration Fee $1,000.00 0.00091342 Section 5.8 (vi) Pool Balance at the end of the Collection Period $729,378,464.98 Section 5.8 (vii) Repurchase Amounts for Repurchased Receivable By Seller $0.00 By Servicer $34,757.92 TOTAL $34,757.92 Section 5.8 (viii) Realized Net Losses for Collection Period $233,216.50 Section 5.8 (ix) Reserve Account Balance after Disbursement $21,881,353.95 Section 5.8 (x) Specified Reserve Account Balance $21,881,353.95 Section 5.8 (xi) Total Distribution Amount $31,513,018.83 Servicing Fee $629,839.42 Administrative Fee $1,000.00 Noteholders' Distribution Amount $29,148,510.08 Certificateholders' Distribution Amount $945,164.05 Deposit to Reserve Account $788,505.28 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 $0.00 $0.00 $0.00 0.00000000 0.00000000 0.00000000 A-2 $25,635,977.51 $557,686.74 $26,193,664.25 131.46655133 2.85993200 134.32648333 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 $25,635,977.51 $3,512,532.57 $29,148,510.08 24.14161174 3.30778093 27.44939267 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 $792,865.28 $152,298.77 $945,164.05 24.10715384 4.63066043 28.73781427 Total $792,865.28 $152,298.77 $945,164.05 24.10715384 4.63066043 28.73781427 Section 5.8 (xiv) Reserve Fund Transfer Amount $788,505.28