C.
|
|
COLLECTIONS AND AVAILABLE FUNDS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20
|
|
Scheduled Principal Payments Received
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,542,062.88
|
|
21
|
|
Scheduled Interest Payments Received
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,001,105.94
|
|
22
|
|
Prepayments of Principal Received
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,268,931.39
|
|
23
|
|
Liquidation Proceeds
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,529.10
|
|
24
|
|
Recoveries Received
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
295,631.97
|
|
25
|
|
Other Payments Received to Reduce Principal
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26
|
|
Subtotal: Total Collections
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,122,261.28
|
|
27
|
|
Repurchased Receivables
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
28
|
|
Reserve Account Excess Amount (Item 89)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,133.69
|
|
29
|
|
Total Available Funds, prior to Servicer Advances
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,142,394.97
|
|
30
|
|
Servicer Advance (Item 72)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
31
|
|
Total Available Funds + Servicer Advance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,142,394.97
|
|
32
|
|
Reserve Account Draw Amount (Item 75)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
33
|
|
Total Available Funds + Servicer Advance and Reserve Account Draw Amount
|
|
|
|
|
|
|
|
|
|
|
|
|
28,142,394.97
|
|
|
|
Distribution Detail:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Due
|
|
|
|
Shortfall
|
|
|
|
Paid
|
|
42
|
|
Servicing Fees
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
355,222.61
|
|
|
|
-
|
|
|
|
355,222.61
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pro rata:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
43
|
|
Class A-1 Interest
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
44
|
|
Class A-2-A Interest
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
45
|
|
Class A-3 Interest
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
151,539.44
|
|
|
|
-
|
|
|
|
151,539.44
|
|
46
|
|
Class A-4 Interest
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
173,775.00
|
|
|
|
-
|
|
|
|
173,775.00
|
|
47
|
|
Class A-1 Interest Carryover Shortfall
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
48
|
|
Class A-2 Interest Carryover Shortfall
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
49
|
|
Class A-3 Interest Carryover Shortfall
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
50
|
|
Class A-4 Interest Carryover Shortfall
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
51
|
|
Class A Noteholder Interest
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
325,314.44
|
|
|
|
-
|
|
|
|
325,314.44
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
E.
|
|
CALCULATIONS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Calculation of Principal Distribution Amount:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
52
|
|
Beginning Adjusted Pool Balance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
416,703,825.16
|
|
53
|
|
Beginning Net Pool Balance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
426,267,132.75
|
|
|
|
|
|
54
|
|
Receipts of Scheduled Principal
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(19,542,062.88
|
)
|
|
|
|
|
55
|
|
Receipts of Prepaid Principal
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(7,268,931.39
|
)
|
|
|
|
|
56
|
|
Liquidation Proceeds
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(14,529.10
|
)
|
|
|
|
|
57
|
|
Other Collections of Principal
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
|
|
|
|
58
|
|
Principal Amount of Repurchases
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
|
|
|
|
59
|
|
Principal Amount of Defaulted Receivables
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(355,500.33
|
)
|
|
|
|
|
60
|
|
Ending Net Pool Balance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
399,086,109.05
|
|
|
|
|
|
61
|
|
Yield Supplement Overcollateralization Amount
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,767,716.71
|
|
|
|
|
|
62
|
|
Adjusted Pool Balance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
390,318,392.34
|
|
|
|
|
|
63
|
|
Less: Adjusted Pool Balance - End of Collection Period
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
390,318,392.34
|
|
64
|
|
Calculated Principal Distribution Amount
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,385,432.82
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Calculation of Servicer Advance:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
65
|
|
Available Funds, prior to Servicer Advances (Item 29)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,142,394.97
|
|
66
|
|
Less: Prior Advance Reimbursement (Item 34)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
67
|
|
Less: Servicing Fees Paid (Item 35)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
355,222.61
|
|
68
|
|
Less: Interest Paid to Noteholders (Item 36)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
325,314.44
|
|
69
|
|
Less: Calculated Principal Distribution (Item 64)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,385,432.82
|
|
70
|
|
Equals: Remaining Available Funds before Servicer Advance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,076,425.10
|
|
71
|
|
Monthly Loan Payments Due on Included Units but not received (N/A if Item 70 > 0)
|
|
|
|
|
|
|
|
|
|
N/A
|
|
72
|
|
Servicer Advance (If Item 70 < 0, lesser of Item 70 and Item 71, else 0)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Calculation of Reserve Account Draw Amount:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
73
|
|
Remaining Available Funds, before Reserve Account Draw (Item 70 plus Item 72)
|
|
|
|
|
|
|
|
|
|
|
|
1,076,425.10
|
|
74
|
|
Available Funds Shortfall Amount (If Item 73 < 0, Item 73, else 0)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
75
|
|
Reserve Account Draw Amount (If Item 74 is > 0, Lesser of Reserve Acct Balance and Item 74)
|
|
|
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
76
|
|
Principal Distribution Amount (Item 64 - Available Funds Shortfall + Reserve Account Draw Amt)
|
|
|
|
|
|
26,385,432.82
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of Servicer Advance:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
77
|
|
Beginning Balance of Servicer Advance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
78
|
|
Less: Prior Advance Reimbursement
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
79
|
|
Plus: Additional Servicer Advances for Current Period
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
80
|
|
Ending Balance of Servicer Advance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
F.
|
|
RESERVE ACCOUNT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reserve Account Balances:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
81
|
|
Specified Reserve Account Balance (Lesser of (a) $4,557,305.32, and (b) the aggregate note balance)
|
|
|
|
|
|
|
|
4,557,305.32
|
|
82
|
|
Initial Reserve Account Balance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,557,305.32
|
|
83
|
|
Beginning Reserve Account Balance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,557,305.32
|
|
84
|
|
Plus: Net Investment Income for the Collection Period
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,133.69
|
|
85
|
|
Subtotal: Reserve Fund Available for Distribution
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,577,439.01
|
|
86
|
|
Plus: Deposit of Excess Available Funds (Item 38)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
87
|
|
Less: Reserve Account Draw Amount (Item 75)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
88
|
|
Subtotal Reserve Account Balance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,577,439.01
|
|
89
|
|
Less: Reserve Account Excess Amount to Available Funds (If Item 88 > Item 81)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,133.69
|
|
90
|
|
Equals: Ending Reserve Account Balance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,557,305.32
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
91
|
|
Change in Reserve Account Balance from Immediately Preceding Payment Date
|
|
|
|
|
|
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding
|
|
|
|
Net Credit Loss and Repossession Activity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Units
|
|
|
|
Principal Balance
|
|
98
|
|
Aggregate Outstanding Principal Balance of Charged Off Receivables
|
|
|
|
|
|
|
|
|
|
|
|
19
|
|
|
|
370,029.43
|
|
99
|
|
Liquidation Proceeds on Related Vehicles
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,529.10
|
|
100
|
|
Recoveries Received on Receivables Previously Charged Off
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
295,631.97
|
|
101
|
|
Net Principal Losses for Current Collection Period
|
|
|
|
|
|
|
|
|
|
|
|
|
19
|
|
|
|
59,868.36
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
102
|
|
Beginning Net Principal Losses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
951
|
|
|
|
11,591,298.70
|
|
103
|
|
Net Principal Losses for Current Collection Period
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19
|
|
|
|
59,868.36
|
|
104
|
|
Cumulative Net Principal Losses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
970
|
|
|
|
11,651,167.06
|
|
105
|
|
Cumulative Net Loss Ratio (Cumulative Net Principal Losses divided by $1,882,301,797.63)
|
|
|
|
|
0.62
|
%
|
Summary of Material Modifications, Extensions or Waivers
|
None in the current month
|
|
Summary of Material Breaches of Representations or Warranties Related to Eligibility Criteria
|
None in the current month
|
|
Summary of Material Breaches by the Issuer of Transaction Covenants
|
None in the current month
|
|
Summary of Material Changes in Practices With respect to Charge-Offs, Collections and Management of Delinquent Receivables and the Effect of any Grace Period, Re-Aging, Re-Structuring, Partial Payments or Other Practices on Delinquency and Loss Experience
|
None in the current month
|