UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: February 23, 1999
CAPITAL AUTO RECEIVABLES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-06039 38-3082892
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(State or other jurisdiction of Commission (I.R.S. Employer
incorporation or organization) File Number Identification No.)
Corporate Trust Center
1209 Orange Street, Wilmington, DE 19801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 302-658-7581
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Items 1-4. Not Applicable.
Item 5. Other Events
On February 23, 1999 the registrant made available to prospective
investors a series term sheet setting forth a description of the
collateral pool and the proposed structure. Capital Auto
Receivables, Inc will issue the following: Class A-1 ___% Asset
Backed Notes in the Aggregate Principal Amount of $1,352,200,000,
Class A-2 ___% Asset Backed Notes in the Aggregate Principal Amount
of $735,000,000, Class A-3 ___% Asset Backed Notes in the Aggregate
Principal Amount of $403,000,000, and ___% Asset Backed Certificates
with an aggregate initial Certificate Balance of $137,981,417.23.
Only the Class A-2 and Class A-3 Notes are being offered for sale.
The Certificates will initially be held by Capital Auto Receivables,
Inc. The series term sheet is attached hereto as Exhibit 99.
Item 6. Not applicable.
Item 7. Exhibits.
Exhibit 99. The following is filed as an Exhibit to this Report under
Exhibit 99.
Series Term Sheet dated February 23, 1999, with respect
to the proposed issuance of the Class A-1 Asset Backed
Notes, Class A-2 Asset Backed Notes, Class A-3 Asset
Backed Notes and the Asset Backed Certificates of
Capital Auto Receivables, Inc. 1999-1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CAPITAL AUTO RECEIVABLES, INC.
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(Registrant)
s/ Eric A. Feldstein
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Dated: February 23, 1999 Eric A. Feldstein, Chairman of the Board
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s/ John D. Finnegan
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Dated: February 23, 1999 John D. Finnegan, President and Director
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EXHIBIT INDEX
Exhibit Description Page
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99 Series Term Sheet dated February 23, 1999