Exhibit 20.1 - -------------------------------------------------------------------------------- Chase Manhattan Auto Owner Trust 1998-C Statement to Certificateholders October 15, 1999 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DISTRIBUTION IN DOLLARS - ------------------------------------------------------------------------------------------------------------------------------------ ORIGINAL PRIOR CURRENT FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ A1 258,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A2 195,000,000.00 12,565,456.97 12,565,456.97 60,178.07 12,625,635.04 0.00 0.00 0.00 A3 325,000,000.00 325,000,000.00 11,761,340.95 1,570,833.33 13,332,174.28 0.00 0.00 313,238,659.05 A4 283,900,000.00 283,900,000.00 0.00 1,384,012.50 1,384,012.50 0.00 0.00 283,900,000.00 B1 32,889,211.45 27,246,906.00 752,375.19 136,234.53 888,609.72 0.00 0.00 26,494,530.81 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 1,094,789,211.45 648,712,362.97 25,079,173.11 3,151,258.43 28,230,431.54 0.00 0.00 623,633,189.86 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------- -------------------- 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 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 5.588000% A2 64.43824087 64.43824087 0.30860549 64.74684636 0.00000000 A2 5.747000% A3 1,000.00000000 36.18874138 4.83333332 41.02207471 963.81125862 A3 5.800000% A4 1,000.00000000 0.00000000 4.87500000 4.87500000 1,000.00000000 A4 5.850000% B1 828.44509791 22.87604831 4.14222549 27.01827380 805.56904960 B1 6.000000% - ------------------------------------------------------------------------------------- -------------------- TOTALS 592.54544727 22.90776420 2.87841568 25.78617988 569.63768307 - ------------------------------------------------------------------------------------- -------------------- - -------------------------------------------------------------------------------- IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: Kimberly Costa The Chase Manhattan Bank - Structured Finance Services 450 W. 33rd Street, 14th Floor, New York, New York 10001 Tel: (212) 946-3247 Email: kimberly.k.costa@chase.com - -------------------------------------------------------------------------------- [Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Chase Manhattan Auto Owner Trust 1998-C October 15, 1999 - -------------------------------------------------------------------------------- STATEMENT TO CERTIFICATEHOLDERS Due Period 16 Due Period Beginning Date 09/01/99 Due Period End Date 09/30/99 Determination Date 10/08/99 Section 5.8(iii) Servicing Fee 540,593.64 Section 5.8(iii) Servicing Fee per $1000 0.49378788 Section 5.8(iv) Administration Fee 1,000.00 Section 5.8(iv) Administration Fee per $1000 0.00091342 Section 5.8(vi) Pool Balance at the end of the Collection Period 623,633,189.86 Section 5.8(vii) Repurchase Amounts for Repurchased Receivable By Seller 0.00 By Servicer 83,128.14 TOTAL 83,128.14 Section 5.8(viii) Realized Net Losses for Collection Period 390,322.84 Section 5.8(ix) Reserve Account Balance after Disbursement 18,708,995.70 Section 5.8(x) Specified Reserve Account Balance 18,708,995.70 Section 5.8(xi) Total Distribution Amount 29,557,688.00 Servicing Fee 540,593.64 Administration Fee 1,000.00 Noteholders Distribution Amount 27,341,821.82 Certficateholders Distribution Amount 888,609.72 Deposit to Reserve Account 785,662.82 [Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION - --------------------------------------------------------------------------------