MONTHLY SERVICER REPORT Page: 1
Issuer: GREATAMERICA LEASING RECEIVABLES 2000-1, L.L.C.
Seller and Servicer: GreatAmerica Leasing Corporation
Distribution Date: 3/20/2002 Run Date: Thu Mar 14, 2002
PAYMENT SUMMARY
- ---------------
Class Beginning Pass Through Interest Principal Total Ending
Name CUSIP Balance Rate Paid Paid Distribution Balance
- ----- --------- ------------- ------------ ---------- ------------ ------------ -------------
A-1 391533AA4 0.00 6.96088000% 0.00 0.00 0.00 0.00
A-2 391533AB2 11,180,232.23 7.36000000% 68,572.09 4,538,435.68 4,607,007.77 6,641,796.55
A-3 391533AC0 23,157,735.76 7.47000000% 144,156.91 0.00 144,156.91 23,157,735.76
A-4 391533AD8 44,023,820.59 7.51000000% 275,515.74 0.00 275,515.74 44,023,820.59
B 391533AE6 5,164,647.54 7.60000000% 32,709.43 299,117.99 331,827.42 4,865,529.55
C 391533AF3 5,399,404.25 7.75000000% 34,871.15 312,714.26 347,585.41 5,086,689.98
D 391533AG1 2,629,275.11 8.14000000% 17,835.25 152,278.25 170,113.50 2,476,996.86
Totals 91,555,115.48 573,660.58 5,302,546.18 5,876,206.75 86,252,569.30
Target
(defined) Investor
Class Principal
Class Percentage Amount
- ----- ---------- -------------
AGGSNR 83.4500 73,823,352.90
B 5.5000 4,865,529.55
C 5.7500 5,086,689.98
D 2.8000 2,476,996.86
(Retained) Certificate Balance 2,211,604.34
% of Agg. Collateral Value, beginning 2.3552%
% of Agg. Collateral Value, ending 2.5000%
Monthly Principal Amount 5,438,508.90
Additional Principal 0.00
Overcollateralization Balance, beginning 2,347,567.06
Overcollateralization Balance, ending 2,211,604.34
Cumulative Loss Amount 0.00
MONTHLY SERVICER REPORT Page: 2
Issuer: GREATAMERICA LEASING RECEIVABLES 2000-1, L.L.C.
Seller and Servicer: GreatAmerica Leasing Corporation
Distribution Date: 3/20/2002 Run Date: Thu Mar 14, 2002
OTHER INFORMATION
- -----------------
AGGREGATE COLLATERAL VALUE (Discount Rate = 8.207%)
Initial Aggregate Discounted Contract Balance 241,226,414.17
Aggregate Discounted Contract Balance, beginning 93,902,682.54
Aggregate Discounted Contract Balance, ending 88,464,173.64
Contract Count 19,939
RESIDUAL ACCOUNT
Residual Account Balance, beginning 0.00
Residual Account Balance, ending 0.00
SERVICER ADVANCES
Cumulative un-reimbursed Servicer Advances, beginning 1,557,678.23
Unreimbursed Servicer Advances collected 589,200.86
Servicer Advances for the current Due Period 617,680.62
Non-recoverable Unreimbursed Servicer Advances 34,750.04
Cumulative un-reimbursed Servicer Advances, ending 1,551,407.95
PAYAHEAD ACCOUNT
Advance Payment Balance, beginning 1,994,342.31
Pymts rec'd in prior periods attributable to Current Due Period 1,870,235.98
Pymts attributable to Future Due Periods 1,850,954.25
Advance Payment Balance, ending 1,975,060.58
SUBSTITUTIONS
Defaulted Leases and Adj. Contracts Substituted to date, beginning 7,849,977.58
Defaulted Leases and Adj. Contracts Substituted this month 378,163.03
Defaulted Leases and Adj. Contracts Substituted to date, ending 8,228,140.61
% of Agg. Collateral Value at Cut-Off Date (not to exceed 10%) 3.41%
Non-Defaulted Leases or Adj. Contracts Substituted to date, beginning 0.00
Non-Defaulted Leases or Adj. Contracts Substituted this month 0.00
Non-Defaulted Leases or Adj. Contracts Substituted to date, ending 0.00
RESERVE FUND
Reserve Account Balance, beginning 2,412,264.14
Required Reserve Amount 2,412,264.14
Required Draw to Increase Available Funds 0.00
Reserve Fund Deficiency covered by Excess Available Funds 0.00
Excess Reserve Funds released to Waterfall 0.00
Reserve Account Balance, ending 2,412,264.14
MONTHLY SERVICER REPORT Page: 3
Issuer: GREATAMERICA LEASING RECEIVABLES 2000-1, L.L.C.
Seller and Servicer: GreatAmerica Leasing Corporation
Distribution Date: 3/20/2002 Run Date: Thu Mar 14, 2002
OTHER INFORMATION (continued)
- -----------------------------
AVAILABLE FUNDS (COLLECTION ACCOUNT)
Scheduled Payments Received 5,178,470.25
Reinv. from Collection, Payahead, Residual, and Reserve Account 10,065.93
Past due payments received 589,200.86
Past due payments due on Early Termination (from Seller) 0.00
Proceeds from Prepayments not Replaced 830,003.13
Recoveries on Non-Performing Leases not Substituted 0.00
Servicer Advances 617,680.62
Casualty and Termination Payments 0.00
Expired Contract Proceeds 160,201.31
Repurchase of Ineligible Contracts 0.00
Defaulted Contract Recoveries 20,237.33
Net decrease (increase) in Advance Lease Payments Balance 19,281.73
Excess Reserve Funds 0.00
Total Available Funds 7,425,141.16
DISTRIBUTION OF FUNDS
Pursuant to Section 7.05(a) of the Sale and Servicing Agreement
Available Funds 7,425,141.16
Reserve Fund Draw to Increase Available Funds 0.00
(i) To the Servicer, unreimbursed Servicer Advances 623,950.90
(iii) To the Servicer, Servicing Fee (75 bp) 58,689.18
(v) - (viii) Note Interest Paid 573,660.58
(ix) - (xvi) Note Principal Paid 5,302,546.18
(xvii) Reserve Fund Deposit 0.00
(xx) Remainder to the Issuer 866,294.33
DELINQUENCY AND LOSS INFORMATION
Number of Ending Contract
Contracts Balance Remain. Percentage
--------- --------------- ----------
Current 17,509 91,665,636.94 97.98%
31-60 days 201 1,029,733.97 1.10
61-90 days 97 569,696.99 0.61
91-120 days 59 287,138.90 0.31
Current Current Current Cumulative
Losses Recoveries Net Loss Net Loss Amount
- ------------ ------------ ------------ ---------------
132,846.22 26,697.10 106,149.12 6,104,668.63
RESIDUAL EVENT TRIGGERS
Average of Current Prior 2nd Prior
Last 3 Months Due Period Due Period Due Period
------------- ---------- ---------- ----------
Residual Realization Percentage 147.99% 151.77% 151.48% 140.71%
Delinquency Percentage 1.71 2.02 1.50 1.63
Cumulative Net Loss Percentage 2.53 2.49 2.39
Residual Event? No
The undersigned officer of the Servicer hereby certifies that the information
contained in this Monthly Servicer Report is true and accurate in all respects;
and that no Servicer Default or event that with notice or lapse of time or both
would become a Servicer default, has occurred.
GreatAmerica Leasing Corporation, as Servicer
By:__________________________________________
Stan Herkelman
Chief Financial Officer