Page 1 Chase Manhattan Auto Owner Trust 2003-C Statement to Certificateholders May 16 2005 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 68,048,110.87 23,547,163.97 90,730.81 23,637,894.78 0.00 0.00 44,500,946.90 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 1,000,000,000.00 570,048,110.87 23,547,163.97 1,184,697.48 24,731,861.45 0.00 0.00 546,500,946.90 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 237.93045759 82.33274115 0.31724059 82.64998175 155.59771643 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 570.04811087 23.54716397 1.18469748 24.73186145 546.50094690 IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: Pattie L Kong JPMorgan Chase Bank, N.A. - Structured Finance Services 600 Travis St, 9th Floor, , Houston, Texas 77002 Tel: (713) 216-3684 Fax: (713) 216-4880 Email: pattie.l.kong@jpmchase.com Copyright (C) 2001 J.P. Morgan Chase & Co. All rights reserved. Page 2 Chase Manhattan Auto Owner Trust 2003-C May 16 2005 STATEMENT TO CERTIFICATEHOLDERS Due Period 17 Due Period Beginning Date 04/01/05 Due Period End Date 04/30/05 Determination Date 05/10/05 Section 5.8(iii) Servicing Fee 475,040.09 Section 5.8(iii) Servicing Fee per $1000 0.47504009 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 546,500,946.93 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 49,359.84 Section 5.8(ix) Reserve Account Balance after Disbursement 12,296,271.31 Section 5.8(x) Specified Reserve Account Balance 12,296,271.31 Section 5.8(xi) Yield Supplement Account Balance 1,081,964.72 Section 5.8(xii) Total Distribution Amount 26,082,762.68 Servicing Fee 475,040.09 Administration Fee 1,000.00 Noteholders Distribution Amount 24,673,944.78 Certficateholders Distribution Amount 57,916.67 Deposit to Reserve Account 874,861.14 Copyright (C) 2001 J.P. Morgan Chase & Co. All rights reserved.