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                                                                               CHASE MANHATTAN AUTO OWNER TRUST
                                                                                        SERIES 1998-C
                                                                               STATEMENT TO CERTIFICATEHOLDERS
====================================================================================================================================
PERIOD 4                                                                                                                    PAGE # 1
DETERMINATION: 9-Oct-98                                                                                             Beginning 9/1/98
DISTRIBUTION: 15-Oct-98                                                                                               Ending 9/30/98
TIME: 10/19/98 14:37
                                                                           CLASS A-1 5.588% ASSET BACKED NOTES
                                                                           CLASS A-2 5.747% ASSET BACKED NOTES
                                                                           CLASS A-3 5.800% ASSET BACKED NOTES
                                                                           CLASS A-4 5.850% ASSET BACKED NOTES
                                                                           CLASS B-1 6.000% ASSET BACKED CERTIFICATES



                   ORIG PRINCIPAL           BEG PRINCIPAL        PRINCIPAL         INTEREST             TOTAL          END PRINCIPAL
      CLASS            BALANCE                 BALANCE          DISTRIBUTION     DISTRIBUTION        DISTRIBUTION         BALANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>           <C>                   <C>                   <C>                 <C>                 <C>              <C>              
    A-1 Notes       $258,000,000.00       $148,022,937.14     $28,475,290.10      $689,293.48      $29,164,583.58    $119,547,647.04
    A-2 Notes       $195,000,000.00       $195,000,000.00              $0.00      $933,887.50         $933,887.50    $195,000,000.00
    A-3 Notes       $325,000,000.00       $325,000,000.00              $0.00    $1,570,833.33       $1,570,833.33    $325,000,000.00
    A-4 Notes       $283,900,000.00       $283,900,000.00              $0.00    $1,384,012.50       $1,384,012.50    $283,900,000.00
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    NOTE TOTALS   $1,061,900,000.00       $951,922,937.14     $28,475,290.10    $4,578,026.81      $33,053,316.91    $923,447,647.04
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       B-1           $32,889,211.45        $32,889,211.45              $0.00      $164,446.06         $164,446.06     $32,889,211.45
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CERTIFICATE TOTALS   $32,889,211.45        $32,889,211.45              $0.00      $164,446.06         $164,446.06     $32,889,211.45
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      TOTALS      $1,094,789,211.45       $984,812,148.59     $28,475,290.10    $4,742,472.87      $33,217,762.97    $956,336,858.49
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                                               FACTOR   INFORMATION   PER   $1,000


                                   PRINCIPAL               INTEREST            END PRINCIPAL
          CLASS                  DISTRIBUTION            DISTRIBUTION             BALANCE
--------------------------------------------------------------------------------------------------
<S>             <C>                                  <C>                     <C>
            A-1                         110.36934147            2.67168016           463.36297302
                                                                           -----------------------
                                                                           -----------------------
                           -----------------------------------------------------------------------
            A-2                           0.00000000            4.78916667         1,000.00000000
                                                                           -----------------------
                                                                           -----------------------
                           -----------------------------------------------------------------------
            A-3                           0.00000000            4.83333332         1,000.00000000
                                                                           -----------------------
                                                                           -----------------------
                           -----------------------------------------------------------------------
            A-4                           0.00000000            4.87500000         1,000.00000000
                                                                           -----------------------
                                                                           -----------------------
--------------------------------------------------------------------------------------------------
       Notes Totals                      26.81541586            4.31116566           869.61827577
--------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------
           B-1                            0.00000000            5.00000008         1,000.00000000
---------------------------                                                -----------------------
--------------------------------------------------------------------------------------------------
    Certificate Totals                    0.00000000            5.00000008         1,000.00000000
--------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------
          TOTALS                         26.00983806            4.33185934           873.53515041
--------------------------------------------------------------------------------------------------



(C) COPYRIGHT 1998, CHASE MANHATTAN BANK
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<PAGE>
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                                                                               CHASE MANHATTAN AUTO OWNER TRUST
                                                                                        SERIES 1998-C
                                                                               STATEMENT TO CERTIFICATEHOLDERS
====================================================================================================================================
------------------------------------------------------------------------------------------------------------------------------------

 PERIOD 4                                                                                                               PAGE     # 2
 DETERMINATION: 9-Oct-98                                                                                            Beginning 9/1/98
 DISTRIBUTION: 15-Oct-98                                                                                              Ending 9/30/98
 TIME: 10/19/98 14:37



                                                                                                                         per $1000
Section 5.8 (iii)            Servicing Fee                                                            $820,676.79         0.74962082


Section 5.8 (iv)             Administration Fee                                                         $1,000.00         0.00091342


Section 5.8 (vi)             Pool Balance at the end of the Collection Period                                $956,336,858.49


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                                            $86,754.66


Section 5.8 (ix)             Reserve Account Balance after Disbursement                                       $25,012,514.20


Section 5.8 (x)              Specified Reserve Account Balance                                                $28,690,105.75


Section 5.8 (xi)             Total Distribution Amount                                                        $35,602,079.08

                                                 Servicing Fee                                                   $820,676.79
                                                 Administrative Fee                                                $1,000.00
                                                 Noteholders' Distribution Amount                             $33,053,316.91
                                                 Certificateholders' Distribution Amount                        $ 164,446.06
                                                 Deposit to Reserve Account                                    $1,562,639.32









Section 5.8 (xii)            Noteholders' Distributable Amount


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 Class     Principal           Interest             Total        Prin (per $1000/orig)  Int (per $1000/orig)  Total (per $1000/orig)
------------------------------------------------------------------------------------------------------------------------------------
<S>      <C>             <C>             <C>                 <C>                <C>                  <C>                   
  A-1     $28,475,290.10      $689,293.48      $29,164,583.58       110.36934147           2.67168016              113.04102163
  A-2              $0.00      $933,887.50         $933,887.50         0.00000000           4.78916667                4.78916667
  A-3              $0.00    $1,570,833.33       $1,570,833.33         0.00000000           4.83333332                4.83333332
  A-4              $0.00    $1,384,012.50       $1,384,012.50         0.00000000           4.87500000                4.87500000
------------------------------------------------------------------------------------------------------------------------------------
 Total    $28,475,290.10    $4,578,026.81      $33,053,316.91        26.81541586           4.31116566               31.12658151
------------------------------------------------------------------------------------------------------------------------------------





Section 5.8 (xiii)           Certificateholders' Distributable Amount


------------------------------------------------------------------------------------------------------------------------------------
 Class     Principal       Interest             Total        Prin (per $1000/orig)  Int (per $1000/orig)  Total (per $1000/orig)
------------------------------------------------------------------------------------------------------------------------------------
<S>   <C>           <C>              <C>                 <C>                 <C>                  <C>                       <C>     
  B-1         $0.00      $164,446.06         $164,446.06         0.00000000           5.00000008                5.00000008
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
 Total        $0.00      $164,446.06         $164,446.06         0.00000000           5.00000008                5.00000008
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Section 5.8 (xiv)            Reserve Fund Transfer Amount                                 $ 1,562,639.32







(C) COPYRIGHT 1998, CHASE MANHATTAN BANK
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