Exhibit 99.1 Page 1 Chase Manhattan Auto Owner Trust 2003-C Statement to Certificateholders December 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 286,000,000.00 191,713,742.20 26,037,615.79 255,618.32 26,293,234.11 0.00 0.00 165,676,126.41 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 1,000,000,000.00 693,713,742.20 26,037,615.79 1,349,584.99 27,387,200.78 0.00 0.00 667,676,126.41 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 670.32776993 91.04061465 0.89377035 91.93438500 579.28715528 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 693.71374220 26.03761579 1.34958499 27.38720078 667.67612641 IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: Kelly M Crosson JPMorgan Chase Bank, N.A. - 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 December 15 2004 STATEMENT TO CERTIFICATEHOLDERS Due Period 12 Due Period Beginning Date 11/01/04 Due Period End Date 11/30/04 Determination Date 12/10/04 Section 5.8(iii) Servicing Fee 578,094.79 Section 5.8(iii) Servicing Fee per $1000 0.57809479 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 667,676,126.44 Section 5.8(vii) Repurchase Amounts for Repurchased Receivable By Seller 0.00 By Servicer 0.00 TOTAL 0.00 Section 5.8(viii) Realized Net Losses for Collection Period 416,061.52 Section 5.8(ix) Reserve Account Balance after Disbursement 15,022,712.84 Section 5.8(x) Specified Reserve Account Balance 15,022,712.84 Section 5.8(xi) Yield Supplement Account Balance 1,590,827.27 Section 5.8(xii) Total Distribution Amount 28,869,036.37 Servicing Fee 578,094.79 Administration Fee 1,000.00 Noteholders Distribution Amount 27,329,284.11 Certficateholders Distribution Amount 57,916.67 Deposit to Reserve Account 902,740.80 Copyright (C) 2001 J.P. Morgan Chase & Co. All rights reserved.