Page 1
Chase Manhattan Auto Owner Trust 1998-B
Statement to Certificateholders
October 16 2000
DISTRIBUTION IN DOLLARS
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSES INTEREST BALANCE
A1 250,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A2 200,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A3 321,000,000.00 18,149,392.02 16,974,293.07 86,965.84 17,061,258.91 0.00 0.00 1,175,098.95
A4 282,800,000.00 282,800,000.00 0.00 1,366,866.67 1,366,866.67 0.00 0.00 282,800,000.00
B1 32,604,142.65 32,604,142.65 0.00 164,379.22 164,379.22 0.00 0.00 32,604,142.65
TOTALS 1,086,404,142.65 333,553,534.67 16,974,293.07 1,618,211.73 18,592,504.80 0.00 0.00 316,579,241.60
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL PASS THRU
CLASS FACTOR PRINCIPAL INTEREST TOTAL FACTOR CLASS RATE
A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 5.578000%
A2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A2 5.729000%
A3 56.54016206 52.87941766 0.27092162 53.15033928 3.66074439 A3 5.750000%
A4 1,000.00000000 0.00000000 4.83333335 4.83333335 1,000.00000000 A4 5.800000%
B1 1,000.00000000 0.00000000 5.04166669 5.04166669 1,000.00000000 B1 6.050000%
TOTALS 307.02527869 15.62428971 1.48951174 17.11380146 291.40098898
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
Page 2
Chase Manhattan Auto Owner Trust 1998-B
October 16 2000
STATEMENT TO CERTIFICATEHOLDERS
Due Period 30
Due Period Beginning Date 09/01/00
Due Period End Date 09/30/00
Determination Date 10/10/00
Section 5.8(iii) Servicing Fee 277,961.28
Section 5.8(iii) Servicing Fee per $1000 0.25585440
Section 5.8(iv) Administration Fee 1,000.00
Section 5.8(iv) Administration Fee per $1000 0.00092047
Section 5.8(vi) Pool Balance at the end of the Collection Period 316,579,241.60
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0.00
By Servicer 41,810.62
TOTAL 41,810.62
Section 5.8(viii) Realized Net Losses for Collection Period 99,661.75
Section 5.8(ix) Reserve Account Balance after Disbursement 9,497,377.25
Section 5.8(x) Specified Reserve Account Balance 9,497,377.25
Section 5.8(xi) Total Distribution Amount 19,345,709.59
Servicing Fee 277,961.28
Administration Fee 1,000.00
Noteholders Distribution Amount 18,428,125.58
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 3
Chase Manhattan Auto Owner Trust 1998-B
October 16 2000
Certficateholders Distribution Amount 164,379.22
Deposit to Reserve Account 474,243.51
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 4
Chase Manhattan Auto Owner Trust 1998-B
October 16 2000
MONTHLY SERVICER REPORT
I. Avaliable Amount in the Collection Accont
A.Credits
1. Payments from Obligors Applied to Collection Period
a. Principal Payments 16,773,966.50
b. Other Interest Payments 2,470,294.59
c. Total 19,244,261.09
2. Proceeds from Repurchased Receivables
a. Principal Before Cutoff Date 0.00
b. Interest Before Cutoff Date 0.00
c. Principal Payments 41,810.62
d. Recovery of Advance 0.00
e. Other Interest Payments 0.00
f. Total 41,810.62
3. Reversal from Defaulted Contracts 0.00
4. Recovery of Defaulted Receivables 59,637.88
5. Advance Recoveries Before Cutoff Date
a. Principal 265.13
b. Interest 0.00
c. Total 265.13
6. Net Adjustments 0.00
7. Reserve Fund Transfer Amount 0.00
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 5
Chase Manhattan Auto Owner Trust 1998-B
October 16 2000
8. Overpayment From Obligors 4,575.32
9. Total Credits 19,350,550.04
B. Debits
1. Overpayments From Obligors 4,575.32
2. Advance Recovery Amount Before Cutoff Data to Seller
a. Principal 265.13
b. Interest. 0.00
c. Total 265.13
3. Reversal of Defaulted Contracts 0.00
4. Total Debits 4,840.45
C. Total Available Amount (Lines A-B) 19,345,709.59
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 6
Chase Manhattan Auto Owner Trust 1998-B
October 16 2000
MONTHLY SERVICER REPORT
II. Liquidation Proceeds on Defaulted Receivables for the Collection Period
A. Principal 158,515.95
B. Interest 16,300.43
C. Total 174,816.38
III. Disbursements from Collection Account
A. Avalaible Distribution Amount
1. Available Distribution Amount 19,345,709.59
2. Reserve Account Transfer Amount 0.00
3. Total Distribution Amount 19,345,709.59
B. Monthly Servicing Fee 277,961.28
C. Monthly Administration Fee 1,000.00
D. Noteholders Interest Distributable Amount 1,453,832.51
E. Certificateholders Interest Distributable Amount 164,379.22
F. Noteholders Principal Distributable Amount 16,974,293.07
G. Certificateholders Principal Distributable Amount 0.00
H. Deposit to Reserve Account 474,243.51
IV. Monthly Disbursements
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 7
Chase Manhattan Auto Owner Trust 1998-B
October 16 2000
A. Pool Servicing Fee
a. Monthly Servicing Fee 277,961.28
b. Unpaid Monthly Servicing Fee 0.00
c. Total 277,961.28
B. Administrative Fee
a. Monthly Administration Fee 1,000.00
b. Unpaid Monthly Administration Fee 0.00
c. Total 1,000.00
C. Noteholders' Interest Distributable Amount
Class A-1 Monthly Interest 0.00
Class A-1 Carryover Shortfall 0.00
Class A-1 Total 0.00
Class A-2 Monthly Interest 0.00
Class A-2 Carryover Shortfall 0.00
Class A-2 Total 0.00
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 8
Chase Manhattan Auto Owner Trust 1998-B
October 16 2000
MONTHLY SERVICER REPORT
Class A-3 Monthly Interest 86,965.84
Class A-3 Carryover Shortfall 0.00
Class A-3 Total 86,965.84
Class A-4 Monthly Interest 1,366,866.67
Class A-4 Carryover Shortfall 0.00
Class A-4 Total 1,366,866.67
Total for Notes Monthly Interest 1,453,832.51
Total for Notes Carryover Shortfall 0.00
Total for Notes Total 1,453,832.51
D. Certificateholders' Interest Distributable Amount
Class B-1 Monthly Interest 164,379.22
Class B-1 Carryover Shortfall 0.00
Class B-1 Total 164,379.22
Total for Certificates Monthly Interest 164,379.22
Total for Certificates Carryover Shortfall 0.00
Total for Certificates Total 164,379.22
E. Noteholders' Principal Distributable Amount
Class A-1 Monthly Principal 0.00
Class A-1 Carryover Shortfall 0.00
Class A-1 Total 0.00
Class A-2 Monthly Principal 0.00
Class A-2 Carryover Shortfall 0.00
Class A-2 Total 0.00
Class A-3 Monthly Principal 16,974,293.07
Class A-3 Carryover Shortfall 0.00
Class A-3 Total 16,974,293.07
Class A-4 Monthly Principal 0.00
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 9
Chase Manhattan Auto Owner Trust 1998-B
October 16 2000
Class A-4 Carryover Shortfall 0.00
Class A-4 Total 0.00
Total for Notes Monthly Principal 16,974,293.07
Total for Notes Carryover Shortfall 0.00
Total for Notes Total 16,974,293.07
F. Certificateholders' Principal Distributable Amout
Class B-1 Monthly Principal 0.00
Class B-1 Carryover Shortfall 0.00
Class B-1 Total 0.00
Total for Certificates Monthly Principal 0.00
Total for Certificates Carryover Shortfall 0.00
Total for Certificates Total 0.00
G. Total Disbursements 18,871,466.08
V. Payment Deficiency Amount
A. Scheduled Monthly Disbursements 18,871,466.08
B. Available Distribution Amount 19,345,709.59
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 10
Chase Manhattan Auto Owner Trust 1998-B
October 16 2000
MONTHLY SERVICER REPORT
C. Payment Deficiency Amount 0.00
VI. Reserve Account Transfer Amount
A. Available Reserve Amount 10,006,606.04
B. Payment Deficiency Amount 0.00
C. Withdrawal for Write-Off 0.00
D. Reserve Account Withdrawal (MIN: Lines A and (B+C)) 0.00
VII. Pool Balance Reduction Allocation for Collection Period
A. Beginning Pool Balance 333,553,534.67
B. Pool Balance Reduction
1. Avalaible Principal
a. Principal Payments 16,773,966.50
b. From Repurchased Receivables 41,810.62
c. Total 16,815,777.12
2. From Defaulted Receivables 158,515.95
3. Total Pool Balance Reduction 16,974,293.07
C. Ending Pool Balance 316,579,241.60
D. Allocations
1.Percentage Allocation
a. Notes 100.00000000%
b. Certificates 0.00000000%
2. Monthly Principal Allocation
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 11
Chase Manhattan Auto Owner Trust 1998-B
October 16 2000
a. Notes 16,974,293.07
b. Certificates 0.00
VIII. Delinquency and Defaults
Group 1
Principal Delinquency Principal
Period Number Amount Balance
30-59 days 1,065 743,009.77 8,635,086.19
60-89 days 162 169,095.25 1,280,910.48
90-119 days 73 93,276.51 534,863.24
120-149 days 39 65,527.39 228,054.65
150-179 days 18 21,342.76 61,127.19
180-209 days 5 6,357.01 27,123.99
210-239 days 8 23,472.84 53,821.01
240+ days Delinquent 0 0.00 0.00
Total 1,370 1,122,081.53 10,820,986.75
B. Principal amount of loans in defaulted receivables 158,515.95
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 12
Chase Manhattan Auto Owner Trust 1998-B
October 16 2000
MONTHLY SERVICER REPORT
C. Delinquency Percentage
1. Outstanding principal balance for deliquency >= 60 days 2,185,900.56
2. Pool Principal Ending Balance 316,579,241.60
3. Delinquency Percentage 0.69047501%
IX. Pool Delinquency Percentages
A. Delinquency Percentage for 2nd previous period 0.67845768%
B. Delinquency Percentage for previous period 0.69665875%
C. Delinquency Percentage for current period 0.69047501%
D. Average Deliquency Percentage 0.68853048%
X. Portfolio Loss Ratios
A. Net Loss Ratio for 2nd previous period 0.64548677%
B. Net Loss Ratio for previous period 0.73332534%
1. Principal Balance of Defaulted Receivables 158,515.95
2. Principal Recoveries on Defaulted Receivables 58,854.20
3. Average Pool Balance for Collection Period 325,066,388.13
4. Net Loss Ratio for Current Period(12*(1-2)/3) 0.36790669%
D. Average Net Loss Ratio ((A+B+C) / 3) 0.58223960%
XI. Specified Reserve Account Balance
A. Calculation for Reserve Account Floor Amount
1. Guaranteed Floor Amount 8,148,031.07
2. Possible Floor Amount
a. Principal Balance at the Beginning of Next Collection Period 316,579,241.60
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 13
Chase Manhattan Auto Owner Trust 1998-B
October 16 2000
b. Cumulative Monthly Interest through Final Distribution Data
Class A-1 Balance
Class A-1 Interest Rate
Class A-1 Service Rate
Class A-1 Term
Class A-1 Interest
Class A-1 Service Fee
Class A-1 Total
Class A-2 Balance
Class A-2 Interest Rate
Class A-2 Service Rate
Class A-2 Term
Class A-2 Interest
Class A-2 Service Fee
Class A-2 Total
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 14
Chase Manhattan Auto Owner Trust 1998-B
October 16 2000
MONTHLY SERVICER REPORT
Class A-3 Balance
Class A-3 Interest Rate
Class A-3 Service Rate
Class A-3 Term
Class A-3 Interest
Class A-3 Service Fee
Class A-3 Total
Class A-4 Balance
Class A-4 Interest Rate
Class A-4 Service Rate
Class A-4 Term
Class A-4 Interest
Class A-4 Service Fee
Class A-4 Total
Class B-1 Balance
Class B-1 Interest Rate
Class B-1 Service Rate
Class B-1 Term
Class B-1 Interest
Class B-1 Service Fee
Class B-1 Total
c. Possible Floor Amount equals Pool Balance + Interest + Service Fee
(Lines a+b) 370,723,862.35
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 15
Chase Manhattan Auto Owner Trust 1998-B
October 16 2000
3. Reserve Account Floor (Minimum Lines 1 and 2) 8,148,031.07
B. Possible Reserve Account Amount
1. Reserve Account Trigger Percentages
a. Average Delinquency Percentage 0.68853048%
b. Average Delinquency Percentage Trigger 1.75000000%
c. Average Loss Ratio 0.58223960%
d. Average Loss Ratio Trigger 1.75000000%
e. Maximum Reserve Account Percentage Specified 6.00000000%
f. Minimum Reserve Account Percentage specified 3.00000000%
g. Reserve Account Percentage Applied 3.00000000%
2. Pool Principal Balance 316,579,241.60
3. Possible Reserve Account Amount 9,497,377.25
C. Specified Reserve Account Balance (Max: Lines A and B) 9,497,377.25
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 16
Chase Manhattan Auto Owner Trust 1998-B
October 16 2000
MONTHLY SERVICER REPORT
XII. Reserve Account
A. Reserve Account Balance After Disbursement from Previous Period
1. Reserve Account Balance After Disbursement from Previous Period 10,006,606.04
2. Reserve Account Transfer Amount 0.00
3. Investment Earnings 54,433.08
4. Deposit to Reserve Account After Disbursement 474,243.51
5. Amount After Deposit 10,535,282.63
B. Specified Reserve Account Balance 9,497,377.25
C. Available Reserve Account Amount (Min: Lines A and B) 9,497,377.25
1. Excess in Reserve Acct: Max(LinesA.5 - B and 0) 1,037,905.38
D. Excess Amount to Seller 1,037,905.38
F. Ending Reserve Account Balance 9,497,377.25
XIII. Weighted Average Coupon as of Current Period
XIV. Weighted Average Maturity as of Current Period
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION