Page 1

                     Chase Manhattan Auto Owner Trust 2003-C
                         Statement to Certificateholders
                                February 15, 2006



- ------------------------------------------------------------------------------------------------------------------------------------
                                                         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              0.00              0.00          0.00             0.00     0.00       0.00                0.00
A3         234,000,000.00    115,229,901.80     17,499,139.66    217,016.32    17,716,155.98     0.00       0.00       97,730,762.14
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     18,775,152.08        917,145.68     43,495.77       960,641.45     0.00       0.00       17,858,006.40
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS   1,000,000,000.00    377,005,053.88     18,416,285.34    855,862.09    19,272,147.43     0.00       0.00      358,588,768.54
- ------------------------------------------------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------------------------------------
                                   FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                  PASS-THROUGH RATES
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                           CURRENT
                          BEGINNING                                                            ENDING                      PASS-THRU
CLASS        CUSIP        PRINCIPAL          PRINCIPAL         INTEREST           TOTAL        PRINCIPAL        CLASS      RATE
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                  
A1         161581D86         0.00000000     0.00000000        0.00000000        0.00000000         0.00000000   A1        1.140000 %
A2         161581DC4         0.00000000     0.00000000        0.00000000        0.00000000         0.00000000   A2        1.600000 %
A3         161581DD2       492.43547778    74.78264812        0.92742017       75.71006829       417.65282966   A3        2.260000 %
A4         161581DEO     1,000.00000000     0.00000000        2.45000000        2.45000000     1,000.00000000   A4        2.940000 %
CERT       161581DF7       751.00608320    36.68582720        1.73983080       38.42565800       714.32025600   CERT      2.780000 %
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS                     377.00505388    18.41628534        0.85586209       19.27214743       358.58876854
- ------------------------------------------------------------------------------------------------------------------------------------


          IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT,
                 PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW:
                                  Amy D Skinner
             JPMorgan Chase Bank, N.A. - Structured Finance Services
                           600 Travis St., 9th Floor,
                              Houston, Texas 77002
                    Tel: (713) 216-3682 / Fax: (713) 216-4880
                         Email: Amy.D.Skinner@chase.com

                     Copyright 2005 J.P. Morgan Chase & Co. All rights reserved.


                                                                          Page 2

                     Chase Manhattan Auto Owner Trust 2003-C
                                February 15, 2006

                         STATEMENT TO CERTIFICATEHOLDERS


                                                                                                                    
                                              Due Period                                                                         26
                                              Due Period Beginning Date                                                    01/01/06
                                              Due Period End Date                                                          01/31/06
                                              Determination Date                                                           02/10/06

Section 5.8(iii)        Servicing Fee                                                                                    314,170.88
Section 5.8(iii)        Servicing Fee per $1000                                                                          0.31417088

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                                             358,588,768.57

Section 5.8(vii)        Repurchase Amounts for Repurchased Receivable
                        By Seller                                                                                              0.00
                        By Servicer                                                                                       19,980.17
                        TOTAL                                                                                             19,980.17

Section 5.8(viii)       Realized Net Losses for Collection Period                                                         43,380.93

Section 5.8(ix)         Reserve Account Balance after Disbursement                                                     8,068,247.29

Section 5.8(x)          Specified Reserve Account Balance                                                              8,068,247.29

Section 5.8(xi)         Yield Supplement Account Balance                                                                 560,340.72

Section 5.8(xii)        Total Distribution Amount                                                                     20,212,110.89
                        Servicing Fee                                                                                    314,170.88
                        Administration Fee                                                                                 1,000.00
                        Noteholders Distribution Amount                                                               18,311,505.98
                        Certficateholders Distribution Amount                                                            960,641.45
                        Deposit to Reserve Account                                                                       624,792.58


                      Copyright 2005 J.P.Morgan Chase & Co. All rights reserved.