Page 1

                     Chase Manhattan Auto Owner Trust 2003-C
                         Statement to Certificateholders
                                February 15, 2005



                             DISTRIBUTION IN DOLLARS
              ORIGINAL          BEGINNING                                                                                ENDING
              FACE              PRINCIPAL                                                        REALIZED   DEFERRED     PRINCIPAL
CLASS         VALUE             BALANCE          PRINCIPAL       INTEREST        TOTAL           LOSSES     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      165,676,126.41   25,346,040.56      220,901.50   25,566,942.06       0.00     0.00      140,330,085.85
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      667,676,126.41   25,346,040.56    1,314,868.17   26,660,908.73       0.00     0.00      642,330,085.85


                           FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                        PASS-THRU RATE
                                                                                                                          CURRENT
                            BEGINNING                                                           ENDING                    PASS-THRU
CLASS        CUSIP          PRINCIPAL        PRINCIPAL           INTEREST         TOTAL         PRINCIPAL    CLASS        RATE
                                                                                                  
A1           A1             161581D86            0.00000000      0.00000000      0.00000000      0.00000000    A1         1.140000 %
A2           A2             161581DC4          579.28715528     88.62251944      0.77238287     89.39490231    A2         1.600000 %
A3           A3             161581DD2        1,000.00000000      0.00000000      1.88333333      1.88333333    A3         2.260000 %
A4           A4             161581DEO        1,000.00000000      0.00000000      2.45000000      2.45000000    A4         2.940000 %
CERT         CERT           161581DF7        1,000.00000000      0.00000000      2.31666680      2.31666680    CERT       2.780000 %
TOTALS       TOTALS                            667.67612641     25.34604056      1.31486817     26.66090873


           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
                                February 15, 2005
                         STATEMENT TO CERTIFICATEHOLDERS


                                                                                         
                                 Due Period                                                                13
                                 Due Period Beginning Date                                           12/01/04
                                 Due Period End Date                                                 12/31/04
                                 Determination Date                                                  01/10/05

  Section 5.8(iii)    Servicing Fee                                                                556,396.77
  Section 5.8(iii)    Servicing Fee per $1000                                                      0.55639677

  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                         642,330,085.88


  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                                    227,395.85


  Section 5.8(ix)     Reserve Account Balance after Disbursement                                14,452,426.93


  Section 5.8(x)      Specified Reserve Account Balance                                         14,452,426.93


  Section 5.8(xi)     Yield Supplement Account Balance                                           1,474,066.34


  Section 5.8(xii)    Total Distribution Amount                                                 28,261,815.30
                      Servicing Fee                                                                556,396.77
                      Administration Fee                                                             1,000.00
                      Noteholders Distribution Amount                                           26,602,992.06
                      Certficateholders Distribution Amount                                         57,916.67
                      Deposit to Reserve Account                                                 1,043,509.80


                 Copyright (C) 2001 J.P. Morgan Chase & Co. All rights reserved.