CHASE MANHATTAN AUTO OWNER TRUST SERIES 1998-B STATEMENT TO CERTIFICATEHOLDERS - -------------------------------------------------------------------------------- PERIOD 15 PAGE #1 DETERMINATION: 09-Jul-1999 Beginning 6/1/99 DISTRIBUTION: 15-Jul-1999 Ending 6/30/99 TIME: 7/22/99 17:30 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 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 A-2 Notes $ 200,000,000.00 $ 34,612,229.42 $28,102,080.67 $ 165,244.55 $28,267,325.22 $ 6,510,148.75 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 $638,412,229.42 $28,102,080.67 $3,070,236.22 $31,172,316.89 $610,310,148.75 - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- 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 $671,016,372.07 $28,102,080.67 $3,234,615.44 $31,336,696.11 $642,914,291.40 - ----------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1,000 PRINCIPAL INTEREST END PRINCIPAL CLASS DISTRIBUTION DISTRIBUTION BALANCE - ------------------------------------------------------------------------------------------ A-1 0.00000000 0.00000000 0.00000000 ---------------------- ------------------------------------------------------------------- A-2 140.51040335 0.82622275 32.55074375 ---------------------- ------------------------------------------------------------------- A-3 0.00000000 4.79166667 1,000.00000000 ---------------------- ------------------------------------------------------------------- A-4 0.00000000 4.83333335 1,000.00000000 ---------------------- - ------------------------------------------------------------------------------------------ Notes Totals 26.66737585 2.91349043 579.15178283 - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ B-1 0.00000000 5.04166669 1,000.00000000 - ------------------------------------------------------------------------------------------ Certificate Totals 0.00000000 5.04166669 1,000.00000000 - ------------------------------------------------------------------------------------------ TOTALS 25.86705957 2.97735927 591.78188499 - ------------------------------------------------------------------------------------------ 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 (C) COPYRIGHT 1998, CHASE MANHATTAN BANK - -------------------------------------------------------------------------------- CHASE MANHATTAN AUTO OWNER TRUST SERIES 1998-B STATEMENT TO CERTIFICATEHOLDERS - -------------------------------------------------------------------------------- PERIOD 15 PAGE #2 DETERMINATION: 09-Jul-1999 Beginning 6/1/99 DISTRIBUTION: 15-Jul-1999 Ending 6/30/99 TIME: 7/22/99 17:30 per $1000 ---------- Section 5.8 (iii) Servicing Fee $ 559,180.31 0.51470745 Section 5.8 (iv) Administration Fee $ 1,000.00 0.00092047 Section 5.8 (vi) Pool Balance at the end of the Collection Period $642,914,291.40 Section 5.8 (vii) Repurchase Amounts for Repurchased Receivable By Seller $ 0.00 By Servicer $ 48,337.44 TOTAL $ 48,337.44 Section 5.8 (viii) Realized Net Losses for Collection Period $ 215,415.71 Section 5.8 (ix) Reserve Account Balance after Disbursement $ 19,287,428.74 Section 5.8 (x) Specified Reserve Account Balance $ 19,287,428.74 Section 5.8 (xi) Total Distribution Amount $ 33,234,346.50 Servicing Fee $ 559,180.31 Administrative Fee $ 1,000.00 Noteholders' Distribution Amount $ 31,172,316.89 Certificateholders' Distribution Amount $ 164,379.22 Deposit to Reserve Account $ 1,337,470.08 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 $28,102,080.67 $ 165,244.55 $28,267,325.22 140.51040335 0.82622275 141.33662610 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 $28,102,080.67 $3,070,236.22 $31,172,316.89 26.66737585 2.91349043 29.58086628 - ----------------------------------------------------------------------------------------------------------------------------------- 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 $1,337,470.08 (C) COPYRIGHT 1998, CHASE MANHATTAN BANK - --------------------------------------------------------------------------------