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                                                       CHASE MANHATTAN AUTO OWNER TRUST
                                                                SERIES 1998-C
                                                       STATEMENT TO CERTIFICATEHOLDERS
====================================================================================================================================
PERIOD 5                                                                                                                    PAGE # 1
DETERMINATION: 10-Nov-98                                                                                           Beginning 10/1/98
DISTRIBUTION: 16-Nov-98                                                                                              Ending 10/31/98
TIME: 11/25/98 12:34
                                                                           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       $119,547,647.04    $27,074,091.77      $593,806.45    $27,667,898.22      $92,473,555.27
  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       $923,447,647.04    $27,074,091.77    $4,482,539.78    $31,556,631.55     $896,373,555.27
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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       $956,336,858.49    $27,074,091.77    $4,646,985.84    $31,721,077.61     $929,262,766.72
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                                               FACTOR   INFORMATION   PER   $1,000


                                   PRINCIPAL               INTEREST            END PRINCIPAL
          CLASS                  DISTRIBUTION            DISTRIBUTION             BALANCE
--------------------------------------------------------------------------------------------------
<S>             <C>                                  <C>                     <C>
            A-1                         104.93834019            2.30157539           358.42463283
                                                                           -----------------------
                                                                           -----------------------
                           -----------------------------------------------------------------------
            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                      25.49589582            4.22124473           844.12237995
--------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------
           B-1                            0.00000000            5.00000008         1,000.00000000
---------------------------                                                -----------------------
--------------------------------------------------------------------------------------------------
    Certificate Totals                    0.00000000            5.00000008         1,000.00000000
--------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------
          TOTALS                         24.72995850            4.24463978           848.80519190
--------------------------------------------------------------------------------------------------



(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 5                                                                                                                PAGE     # 2
DETERMINATION: 10-Nov-98                                                                                           Beginning 10/1/98
DISTRIBUTION: 16-Nov-98                                                                                              Ending 10/31/98
TIME: 11/25/98 12:34



                                                                                                                           per $1000
<S>               <C>                                                                        <C>                     <C>       
Section 5.8 (iii)            Servicing Fee                                                               $796,947.38      0.72794596


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


Section 5.8 (vi)             Pool Balance at the end of the Collection Period                        $929,262,766.72


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                                   $310,575.99


Section 5.8 (ix)             Reserve Account Balance after Disbursement                               $26,564,203.81


Section 5.8 (x)              Specified Reserve Account Balance                                        $27,877,883.00


Section 5.8 (xi)             Total Distribution Amount                                                $33,962,233.56

                                                      Servicing Fee                                      $796,947.38
                                                      Administrative Fee                                   $1,000.00
                                                      Noteholders' Distribution Amount                $31,556,631.55
                                                      Certificateholders' Distribution Amount           $ 164,446.06
                                                      Deposit to Reserve Account                       $1,443,208.57









Section 5.8 (xii)            Noteholders' 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>                 
  A-1       $27,074,091.77      $593,806.45    $27,667,898.22     104.93834019             2.30157539            107.23991558
  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      $27,074,091.77    $4,482,539.78    $31,556,631.55      25.49589582             4.22124473             29.71714055
------------------------------------------------------------------------------------------------------------------------------





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>       
 B-1             $0.00      $164,446.06         $164,446.06         0.00000000             5.00000008                5.00000008
------------------------------------------------------------------------------------------------------------------------------------
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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                                      $ 1,443,208.57











(C) COPYRIGHT 1998, CHASE MANHATTAN BANK
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