Page 1 Chase Manhattan Auto Owner Trust 1998-C Statement to Certificateholders June 15 2001 DISTRIBUTION IN DOLLARS ORIGINAL PRIOR CURRENT FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSES 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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A3 325,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A4 283,900,000.00 223,491,129.03 16,133,705.28 1,089,519.25 17,223,224.53 0.00 0.00 207,357,423.75 B1 32,889,211.45 14,938,421.63 498,980.58 74,692.11 573,672.69 0.00 0.00 14,439,441.05 TOTALS 1,094,789,211.45 238,429,550.66 16,632,685.86 1,164,211.36 17,796,897.22 0.00 0.00 221,796,864.80 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 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A2 5.747000 % A3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A3 5.800000 % A4 787.21778454 56.82883156 3.83768669 60.66651825 730.38895298 A4 5.850000 % B1 454.20431112 15.17155803 2.27102161 17.44257964 439.03275309 B1 6.000000 % TOTALS 217.78580586 15.19259204 1.06341143 16.25600347 202.59321382 IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: Maria Inoa The Chase Manhattan Bank - Structured Finance Services 450 W. 33rd Street, 14th Floor, New York, New York 10001 Tel: (212) 946-3676 Fax: (212) 946-8552 Email: maria.inoa@chase.com (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION Page 2 Chase Manhattan Auto Owner Trust 1998-C June 15 2001 STATEMENT TO CERTIFICATEHOLDERS Due Period 36 Due Period Beginning Date 05/01/01 Due Period End Date 05/31/01 Determination Date 06/08/01 Section 5.8(iii) Servicing Fee 198,691.29 Section 5.8(iii) Servicing Fee per $1000 0.18148817 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 221,796,864.80 Section 5.8(vii) Repurchase Amounts for Repurchased Receivable By Seller 0.00 By Servicer 103,299.49 TOTAL 103,299.49 Section 5.8(viii) Realized Net Losses for Collection Period 128,376.30 Section 5.8(ix) Reserve Account Balance after Disbursement 8,210,919.09 Section 5.8(x) Specified Reserve Account Balance 8,210,919.09 Section 5.8(xi) Total Distribution Amount 18,269,063.46 Servicing Fee 198,691.29 Administration Fee 1,000.00 Noteholders Distribution Amount 17,223,224.53 Certficateholders Distribution Amount 573,672.69 Deposit to Reserve Account 272,474.95 (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION