CHASE MANHATTAN AUTO OWNER TRUST SERIES 1998-C STATEMENT TO CERTIFICATEHOLDERS - ----------------------------------------------------------------------------------------------------------------------------- PERIOD 13 PAGE #1 DETERMINATION: 09-Jul-1999 Beginning 6/1/1999 DISTRIBUTION: 15-Jul-1999 Ending 6/30/1999 TIME: 7/27/1999 19:56 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 $ 90,611,676.92 $26,955,902.94 $ 434,911.77 $27,390,814.71 $ 63,855,672.98 A-3 Notes $ 325,000,000.00 $325,000,000.00 $ 0.00 $1,670,833.33 $ 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 $ 1,384,012.06 $283,800,000.00 - ----------------------------------------------------------------------------------------------------------------------------- NOTE TOTALS $1,061,900,000.00 $699,711,676.92 $26,955,902.84 $3,359,757.80 $30,345,660.54 $672,766,672.98 - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- B-1 $ 32,889,211.45 $ 29,666,889.06 $ 833,687.72 $ 148,334.45 $ 982,022.17 $ 28,633,201.34 - ----------------------------------------------------------------------------------------------------------------------------- CERTIFICATE TOTALS $ 32,889,211.45 $ 29,666,889.06 $ 833,687.72 $ 148,334.45 $ 982,022.17 $ 28,833,201.34 - ----------------------------------------------------------------------------------------------------------------------------- TOTALS $1,094,789,211.45 $729,378,464.98 $27,789,590.66 $3,538,092.05 $31,327,682.71 $701,688,874.32 - ----------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1,000 PRINCIPAL INTEREST END PRINCIPAL CLASS DISTRIBUTION DISTRIBUTION BALANCE - ------------------------------------------------------------------------------- A-1 0.00000000 0.00000000 0.00000000 ----------------------- ----------------------------------------------------------------- A-2 138.23539969 2.23031677 327.46498984 ----------------------- ----------------------------------------------------------------- A-3 0.00000000 4.83333332 1,000.00000000 ----------------------- ----------------------------------------------------------------- A-4 0.00000000 4.87500000 1,000.00000000 ----------------------- - ------------------------------------------------------------------------------- Notes Totals 25.38459642 3.19216273 633.53957339 - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- B-1 25.34836450 4.51012485 876.67657778 - ------------------------------------------------------------------------------- Certificate Totals 25.34836450 4.51012485 876.67657778 - ------------------------------------------------------------------------------- TOTALS 25.38350796 3.23175641 640.84379621 - ------------------------------------------------------------------------------- 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-C STATEMENT TO CERTIFICATEHOLDERS - ----------------------------------------------------------------------------------------------------------- PERIOD 13 PAGE #2 DETERMINATION: 09-Jul-1999 Beginning 6/1/1999 DISTRIBUTION: 15-Jul-1999 Ending 6/30/1999 TIME: 7/27/1999 19:56 per $1000 ---------- Section 5.8 (iii) Servicing Fee $ 607,815.39 0.55518942 Section 5.8 (iv) Administration Fee $ 1,000.00 0.00081342 Section 5.8 (vi) Pool Balance at the end of the Collection Period $701,588,874.32 Section 5.8 (vii) Repurchase Amounts for Repurchased Receivable By Seller $ 0.00 By Servicer $ 22,742.29 TOTAL $ 22,742.29 Section 5.8 (viii) Realized Net Losses for Collection Period $ 197,959.97 Section 5.8 (ix) Reserve Account Balance after Disbursement $ 21,047,666.23 Section 5.8 (x) Specified Reserve Account Balance $ 21,047,666.23 Section 5.8 (xi) Total Distribution Amount $ 33,369,408.38 Servicing Fee $ 607,815.39 Administrative Fee $ 1,000.00 Noteholders' Distribution Amount $ 30,345,660.54 Certificateholders' Distribution Amount $ 982,022.17 Deposit to Reserve Account $ 1,432,910.28 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 $26,955,902.94 $ 434,911.77 $27,390,814.71 138.23539969 2.23031677 140.46571648 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 4.87580000 -------------------------------------------------------------------------------------------------------------------------------- Total $26,956,902.94 $3,389,757.60 $30,346,660.54 25.38459642 3.19216273 28.57876816 -------------------------------------------------------------------------------------------------------------------------------- Section 5.8 (xiii) Certificateholders' Distributable Amount -------------------------------------------------------------------------------------------------------------------------------- Class Principal Interest Total rin (per $1000/orig) Int (per $1000/orig) Total (per $1000/orig) -------------------------------------------------------------------------------------------------------------------------------- B-1 $833,687.72 $148,334.45 $982,022.17 25.34836450 4.51012486 29.85848936 -------------------------------------------------------------------------------------------------------------------------------- Total $833,687.72 $148,334.45 $982,022.17 25.34836450 4.51012486 29.85848936 -------------------------------------------------------------------------------------------------------------------------------- Section 5.8 (xiv) Reserve Fund Transfer Amount $1,432,910.28 (C) COPYRIGHT 1998, CHASE MANHATTAN BANK - 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