Page 1 Chase Manhattan Auto Owner Trust 2003-C Statement to Certificateholders October 15 2004 DISTRIBUTION IN DOLLARS ORIGINAL PRIOR CURRENT FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSES INTEREST BALANCE A1 212,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A2 286,000,000.00 242,284,882.71 25,440,235.81 323,046.51 25,763,282.32 0.00 0.00 216,844,646.90 A3 234,000,000.00 234,000,000.00 0.00 440,700.00 440,700.00 0.00 0.00 234,000,000.00 A4 243,000,000.00 243,000,000.00 0.00 595,350.00 595,350.00 0.00 0.00 243,000,000.00 CERT 25,000,000.00 25,000,000.00 0.00 57,916.67 57,916.67 0.00 0.00 25,000,000.00 TOTALS 1,000,000,000.00 744,284,882.71 25,440,235.81 1,417,013.18 26,857,248.99 0.00 0.00 718,844,646.90 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES PRIOR CURRENT CURRENT PRINCIPAL PRINCIPAL CLASS PASS THRU CLASS CUSIP FACTOR PRINCIPAL INTEREST TOTAL FACTOR RATE A1 161581D86 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 1.140000 % A2 161581DC4 847.14993955 88.95187346 1.12953325 90.08140671 758.19806608 A2 1.600000 % A3 161581DD2 1,000.00000000 0.00000000 1.88333333 1.88333333 1,000.00000000 A3 2.260000 % A4 161581DEO 1,000.00000000 0.00000000 2.45000000 2.45000000 1,000.00000000 A4 2.940000 % CERT 161581DF7 1,000.00000000 0.00000000 2.31666680 2.31666680 1,000.00000000 CERT 2.780000 % TOTALS 744.28488271 25.44023581 1.41701318 26.85724899 718.84464690 IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: Kelly M Crosson JPMorgan Chase Bank - Structured Finance Services 4 NY Plaza, 6th floor, New York, New York 10004 Tel: (212) 623-5439 Fax: (212) 623-5932 Email: kelly.crosson@jpmorgan.com Copyright (C) 2001 J.P. Morgan Chase & Co. All rights reserved. Page 2 Chase Manhattan Auto Owner Trust 2003-C October 15 2004 STATEMENT TO CERTIFICATEHOLDERS Due Period 10 Due Period Beginning Date 09/01/04 Due Period End Date 09/30/04 Determination Date 10/08/04 Section 5.8(iii) Servicing Fee 620,237.40 Section 5.8(iii) Servicing Fee per $1000 0.62023740 Section 5.8(iv) Administration Fee 1,000.00 Section 5.8(iv) Administration Fee per $1000 0.00100000 Section 5.8(vi) Pool Balance at the end of the Collection Period 718,844,646.93 Section 5.8(vii) Repurchase Amounts for Repurchased Receivable By Seller 0.00 By Servicer 43,761.49 TOTAL 43,761.49 Section 5.8(viii) Realized Net Losses for Collection Period 383,347.94 Section 5.8(ix) Reserve Account Balance after Disbursement 16,174,004.56 Section 5.8(x) Specified Reserve Account Balance 16,174,004.56 Section 5.8(xi) Yield Supplement Account Balance 1,838,503.78 Section 5.8(xii) Total Distribution Amount 28,528,393.54 Servicing Fee 620,237.40 Administration Fee 1,000.00 Noteholders Distribution Amount 26,799,332.32 Certficateholders Distribution Amount 57,916.67 Copyright (C) 2001 J.P. Morgan Chase & Co. All rights reserved.