CREDITSUISSE FIRST BOSTONPAGE 1

AMERICAN HONDA FINANCECORPORATIONAnnual Statement to Certificateholder—Honda AutoReceivables 2005-3 Owner Trust 04/01/05 through03/31/06

|                                                   |  |  |                   |  |  |        |
|---------------------------------------------------|--|--|-------------------|--|--|--------|
| I.ORIGINAL DEAL PARAMETER INPUTS                  |  |  |              |  |  |   |
| (A) TotalPortfolio Balance                        |  |  | $1,370,797,951.15 |  |  |   |
| (B)Total Securities Balance                       |  |  | $1,370,797,951.15 |  |  |   |
| (C)Class A-1Notes                                 |  |  |              |  |  |   |
| (i) ClassA-1 NotesBalance                         |  |  | $340,000,000.00   |  |  |   |
| (ii) ClassA-1 Notes Percentage (C(i)/B)           |  |  | 24.80%            |  |  |   |
| (iii) Class A-1 NotesRate                         |  |  | 3.42005%          |  |  |   |
| (iv) ClassA-1 Notes Accrual Basis                 |  |  | Actual/360        |  |  |   |
| (D)Class A-2 Notes                                |  |  |              |  |  |   |
| (i) Class A-2Notes Balance                        |  |  | $345,000,000.00   |  |  |   |
| (ii)Class A-2 Notes Percentage (D(i)/B)           |  |  | 25.17%            |  |  |   |
| (iii) Class A-2 NotesRate                         |  |  | 3.730%            |  |  |   |
| (iv) Class A-2Notes Accrual Basis                 |  |  | 30/360            |  |  |   |
| (E)Class A-3 Notes                                |  |  |              |  |  |   |
| (i) Class A-3Notes Balance                        |  |  | $440,000,000.00   |  |  |   |
| (ii)Class A-3 Notes Percentage (E(i)/B)           |  |  | 32.10%            |  |  |   |
| (iii) Class A-3 NotesRate                         |  |  | 3.870%            |  |  |   |
| (iv) Class A-3Notes Accrual Basis                 |  |  | 30/360            |  |  |   |
| (F)Class A-4 Notes                                |  |  |              |  |  |   |
| (i) Class A-4Notes Balance                        |  |  | $199,875,000.00   |  |  |   |
| (ii)Class A-4 Notes Percentage (F(i)/B)           |  |  | 14.58%            |  |  |   |
| (iii) Class A-4 NotesRate                         |  |  | 4.030%            |  |  |   |
| (iv) Class A-4Notes Accrual Basis                 |  |  | 30/360            |  |  |   |
| (G)Certificates                                   |  |  |              |  |  |   |
| (i) CertificatesBalance                           |  |  | $45,922,951.15    |  |  |   |
| (ii)Certificates Percentage (G(i)/B)              |  |  | 3.35%             |  |  |   |
| (iii) CertificatesRate                            |  |  | 4.030%            |  |  |   |
| (iv)Certificates Accrual Basis                    |  |  | 30/360            |  |  |   |
| (H)Servicing FeeRate                              |  |  | 1.00%             |  |  |   |
| (I)Portfolio Summary                              |  |  |              |  |  |   |
| (i) WeightedAverage Coupon (WAC)                  |  |  | 3.93%             |  |  |   |
| (ii) Weighted AverageOriginal Maturity (WAOM)     |  |  | 56.34             |  |  | months |
| (iii)Weighted Average Remaining Maturity (WAM)    |  |  | 48.08             |  |  | months |
| (iv) Number ofReceivables                         |  |  | 91,781            |  |  |   |
| (J) ReserveFund                                   |  |  |              |  |  |   |
| (i) Reserve Account InitialDeposit Percentage     |  |  | 0.50%             |  |  |   |
| (ii) Reserve AccountInitial Deposit               |  |  | $6,853,989.76     |  |  |   |
| (iii) Specified ReserveAccountPercentage          |  |  | 0.50%             |  |  |   |
| (iv)Specified Reserve AccountBalance              |  |  | $6,853,989.76     |  |  |   |
| (K)Yield Supplement Account Deposit               |  |  | $51,925,384.50    |  |  |   |
| II.INPUTS FROM PREVIOUS MONTHLY SERVICERREPORTS   |  |  |              |  |  |   |
| (A) Total PortfolioBalance                        |  |  | $1,370,797,951.15 |  |  |   |
| (B) TotalSecurities Balance                       |  |  | $1,370,797,951.15 |  |  |   |
| (C) CumulativeNote and Certificate Pool Factor    |  |  | 1.0000000         |  |  |   |
| (D) ClassA-1 Notes                                |  |  |              |  |  |   |
| (i) Class A-1 NotesBalance                        |  |  | $340,000,000.00   |  |  |   |
| (ii) Class A-1 Notes Pool Factor                  |  |  | 1.0000000         |  |  |   |
| (iii)Class A-1 Notes Interest Carryover Shortfall |  |  | $0.00             |  |  |   |
| (iv) Class A-1 Notes PrincipalCarryover Shortfall |  |  | $0.00             |  |  |   |
| (E) Class A-2Notes                                |  |  |              |  |  |   |
| (i) Class A-2 NotesBalance                        |  |  | $345,000,000.00   |  |  |   |
| (ii) ClassA-2 Notes Pool Factor                   |  |  | 1.0000000         |  |  |   |
| (iii) Class A-2 NotesInterest Carryover Shortfall |  |  | $0.00             |  |  |   |
| (iv) Class A-2 Notes PrincipalCarryover Shortfall |  |  | $0.00             |  |  |   |
| (F) Class A-3Notes                                |  |  |              |  |  |   |
| (i) Class A-3 NotesBalance                        |  |  | $440,000,000.00   |  |  |   |
| (ii) ClassA-3 Notes Pool Factor                   |  |  | 1.0000000         |  |  |   |
| (iii) Class A-3 NotesInterest Carryover Shortfall |  |  | $0.00             |  |  |   |
| (iv) Class A-3 Notes PrincipalCarryover Shortfall |  |  | $0.00             |  |  |   |
| (G) Class A-4Notes                                |  |  |              |  |  |   |
| (i) Class A-4 NotesBalance                        |  |  | $199,875,000.00   |  |  |   |
|                                                   |

----

|                                                   |  |  |                |  |  |        |
|---------------------------------------------------|--|--|----------------|--|--|--------|
| (ii) Class A-4 Notes Pool Factor                  |  |  | 1.0000000      |  |  |   |
| (iii) Class A-4 NotesInterest Carryover Shortfall |  |  | $0.00          |  |  |   |
| (iv) Class A-4 Notes PrincipalCarryover Shortfall |  |  | $0.00          |  |  |   |
| (H)Certificates                                   |  |  |           |  |  |   |
| (i) CertificatesBalance                           |  |  | $45,922,951.15 |  |  |   |
| (ii)Certificates Pool Factor                      |  |  | 1.0000000      |  |  |   |
| (iii) Certificates InterestCarryover Shortfall    |  |  | $0.00          |  |  |   |
| (iv)Certificates Principal Carryover Shortfall    |  |  | $0.00          |  |  |   |
| (I) ServicingFee                                  |  |  |           |  |  |   |
| (i) Servicing FeeShortfall                        |  |  | $0.00          |  |  |   |
| (J) End of PriorMonth Account Balances            |  |  |           |  |  |   |
| (i) ReserveAccount                                |  |  | $6,853,989.76  |  |  |   |
| (ii) YieldSupplement Account                      |  |  | $51,925,384.50 |  |  |   |
| (iii) PayaheadAccount                             |  |  | $0.00          |  |  |   |
| (iv) AdvancesOutstanding                          |  |  | $0.00          |  |  |   |
| (K)Portfolio Summary as of End of PriorYear       |  |  |           |  |  |   |
| (i) Weighted Average Coupon(WAC)                  |  |  | 3.93%          |  |  |   |
| (ii) WeightedAverage Remaining Maturity (WAM)     |  |  | 48.08          |  |  | months |
| (iii)Number of Receivables                        |  |  | 91,781         |  |  |   |
| (L) Note andCertificate Percentages               |  |  |           |  |  |   |
| (i) NotePercentage                                |  |  | 100.00%        |  |  |   |
| (ii)Certificate Percentage                        |  |  | 0.00%          |  |  |   |
|                                                   |

----

CREDIT SUISSE FIRSTBOSTONPAGE 2

AMERICAN HONDA FINANCE CORPORATIONAnnualStatement to Certificateholder—Honda Auto Receivables 2005-3Owner Trust 04/01/05 through 03/31/06

|                                                                   |  |  |                 |  |  |        |
|-------------------------------------------------------------------|--|--|-----------------|--|--|--------|
| III.INPUTS FROM THE MAINFRAME                                     |  |  |            |
| (A) PrecomputedContracts Principal                                |  |  |            |  |  |   |
| (i)Scheduled Principal Collections                                |  |  | $0.00           |  |  |   |
| (ii)Prepayments in Full                                           |  |  | $0.00           |  |  |   |
| (iii)Prepayments in Full due to Repurchases                       |  |  | $0.00           |  |  |   |
| (B) Precomputed ContractsTotal Collections                        |  |  | $0.00           |  |  |   |
| (C)Precomputed Interest Receivables Interest(B-A((i)+(ii)+(iii))) |  |  | $0.00           |  |  |   |
| (D) SimpleInterest Receivables Principal                          |  |  |            |  |  |   |
| (i)Principal Collections                                          |  |  | $289,104,732.66 |  |  |   |
| (ii) Prepayments inFull                                           |  |  | $120,362,183.75 |  |  |   |
| (iii)Repurchased Receivables Related to Principal                 |  |  | $0.00           |  |  |   |
| (E) SimpleInterest Receivables Interest                           |  |  |            |  |  |   |
| (i)Simple Interest Collections                                    |  |  | $38,627,551.75  |  |  |   |
| (F)Payment Advance forPrecomputes                                 |  |  |            |  |  |   |
| (i) Reimbursement ofPrevious Advances                             |  |  | $0.00           |  |  |   |
| (ii)Current Advance Amount                                        |  |  | $0.00           |  |  |   |
| (G) Interest Advance forsimple Interest — Net               |  |  | $290,689.01     |  |  |   |
| (H)Payahead Account                                               |  |  |            |  |  |   |
| (i) PaymentsApplied                                               |  |  | $0.00           |  |  |   |
| (ii) AdditionalPayaheads                                          |  |  | $0.00           |  |  |   |
| (I)Portfolio Summary as of End ofMonth                            |  |  |            |  |  |   |
| (i) Weighted Average Coupon(WAC)                                  |  |  | 3.92%           |  |  |   |
| (ii) WeightedAverage Remaining Maturity (WAM)                     |  |  | 39.01           |  |  | months |
| (iii) Remaining Number ofReceivables                              |  |  | 81,103          |  |  |   |
|                                                                   |

|                                                       |  |  |        |  |       |              |  |  |  |  |      |   |  |  |                |  |  |  |  |      |   |
|-------------------------------------------------------|--|--|--------|--|-------|--------------|--|--|--|--|------|---|--|--|----------------|--|--|--|--|------|---|
| (J)DelinquentReceivables                              |  |  | #Units |  |       | DollarAmount |
| (i) 30-59 DaysDelinquent                              |  |  |        |  | 1,650 |              |  |  |  |  | 2.03 | % |  |  | $20,163,213.76 |  |  |  |  | 2.11 | % |
| (ii)60-89 Days Delinquent                             |  |  |        |  | 315   |              |  |  |  |  | 0.39 | % |  |  | $4,047,777.13  |  |  |  |  | 0.42 | % |
| (ii)90 Days or More Delinquent                        |  |  |        |  | 59    |              |  |  |  |  | 0.07 | % |  |  | $778,682.52    |  |  |  |  | 0.08 | % |
| (K)Vehicles Repossessed During CollectionPeriod       |  |  |        |  | 41    |              |  |  |  |  | 0.05 | % |  |  | $545,930.02    |  |  |  |  | 0.06 | % |
| (L)Total Accumulated Repossessed Vehicles inInventory |  |  |        |  | 69    |              |  |  |  |  | 0.09 | % |  |  | $982,491.87    |  |  |  |  | 0.10 | % |
|                                                       |

|                                                                       |  |  |                 |
|-----------------------------------------------------------------------|--|--|-----------------|
| IV.INPUTS DERIVED FROM OTHER SOURCES                                  |
| (A)Collection Account InvestmentIncome                                |  |  | $0.00           |
| (B)Reserve Account Investment Income                                  |  |  | $213,229.10     |
| (C) Yield Supplement AccountInvestment Income                         |  |  | $1,275,913.09   |
| (D)Trust Fees Expense                                                 |  |  | $11,000.00      |
| (E)Aggregate Net Losses for Collection Period                         |  |  | $3,490,100.63   |
| (F) LiquidatedReceivablesInformation                                  |  |  |            |
| (i) GrossPrincipal Balance on LiquidatedReceivables                   |  |  | $6,917,184.84   |
| (ii) LiquidationProceeds                                              |  |  | $2,802,381.60   |
| (ii) Recoveries fromPrior Month Charge Offs                           |  |  | $624,702.61     |
| (G) Days in AccrualPeriod                                             |  |  | 308             |
| (H) Dealage                                                           |  |  | 10              |
| COLLECTIONS                                                           |
| V.INTEREST COLLECTIONS                                                |  |  |            |
| (A) TotalInterest Collections(III(C+E(i)+G)                           |  |  | $38,918,240.76  |
| VI.PRINCIPAL COLLECTIONS                                              |  |  |            |
| (A) PrincipalPayments Received (III(A((i)+(ii))+(D(i)+(ii)))          |  |  | $409,466,916.41 |
| (B) Liquidation Proceeds(IV(H(i)))                                    |  |  | $2,802,381.60   |
| (C)Repurchased Loan Proceeds Related to Principal(III(A(iii)+D(iii))) |  |  | $0.00           |
| (D)Recoveries from Prior Charge Offs(IV(H(ii)))                       |  |  | $624,702.61     |
| (E) TotalPrincipal Collections (A+B+C+D)                              |  |  | 412,894,000.62  |
| VII. TOTAL INTEREST ANDPRINCIPAL COLLECTIONS (V(C)+VI(E))             |  |  | 451,812,241.38  |
| VIII.YIELD SUPPLEMENTDEPOSIT                                          |  |  | $23,706,122.95  |
| IX.TOTAL AVAILABLE AMOUNT (VII+VIII)                                  |  |  | 475,518,364.33  |
|                                                                       |

----

|                                                       |  |  |  |   |               |  |
|-------------------------------------------------------|--|--|--|---|---------------|--|
| DISTRIBUTIONS                                         |
| X.FEE DISTRIBUTIONS                                   |  |  |  |   |          |  |
| (A)Servicing Fee                                      |  |  |  |   |          |  |
| (i)Servicing Fee Due(I(H)/12)(II(B))+(II(H)(i))       |  |  |  | $ | 9,843,477.61  |  |
| (ii)Servicing Fee Paid                                |  |  |  |   | 9,843,477.61  |  |
| (iii)Servicing Fee Shortfall                          |  |  |  | $ | 0.00          |  |
| (B)Reserve Account Investment Income (IV(B))          |  |  |  |   | 213,229.10    |  |
| (C) Yield Supplement AccountInvestment Income (IV(C)) |  |  |  |   | 0.00          |  |
| (D)Trust Fees Expense(IV(D))                          |  |  |  |   | 11,000.00     |  |
| XI.DISTRIBUTIONS TONOTEHOLDERS                        |  |  |  |   |          |  |
| (A)Interest                                           |  |  |  |   |          |  |
| (i) Class A-1Notes                                    |  |  |  |   |          |  |
| (a) Class A-1 Notes InterestDue                       |  |  |  | $ | 4,614,827.52  |  |
| (b) Class A-1Notes Interest Paid                      |  |  |  |   | 4,614,827.52  |  |
| (c)Class A-1 Notes Interest Shortfall                 |  |  |  | $ | 0.00          |  |
| (ii) Class A-2Notes                                   |  |  |  |   |          |  |
| (a) Class A-2 Notes InterestDue                       |  |  |  | $ | 10,760,727.75 |  |
| (b) Class A-2Notes Interest Paid                      |  |  |  |   | 10,760,727.75 |  |
| (c)Class A-2 Notes Interest Shortfall                 |  |  |  | $ | 0.00          |  |
| (iii) Class A-3Notes                                  |  |  |  |   |          |  |
| (a) Class A-3 Notes InterestDue                       |  |  |  | $ | 14,379,200.00 |  |
| (b) Class A-3Notes Interest Paid                      |  |  |  |   | 14,379,200.00 |  |
| (c)Class A-3 Notes Interest Shortfall                 |  |  |  | $ | 0.00          |  |
| (iv) Class A-4Notes                                   |  |  |  |   |          |  |
| (a) Class A-4 Notes InterestDue                       |  |  |  | $ | 6,801,968.38  |  |
| (b) Class A-4Notes Interest Paid                      |  |  |  |   | 6,801,968.38  |  |
| (c)Class A-4 Notes Interest Shortfall                 |  |  |  | $ | 0.00          |  |
|                                                       |

----

CREDIT SUISSE FIRSTBOSTONPAGE 3

AMERICAN HONDA FINANCE CORPORATIONAnnualStatement to Certificateholder—Honda Auto Receivables 2005-3Owner Trust 04/01/05 through 03/31/06

|                                                                                              |  |  |                 |
|----------------------------------------------------------------------------------------------|--|--|-----------------|
| (v)Total Note Interest                                                                       |  |  |            |
| (a) Total NoteInterest Due                                                                   |  |  | $36,556,723.65  |
| (b)Total Note Interest Paid                                                                  |  |  | 36,556,723.65   |
| (c)Total Note Interest Shortfall                                                             |  |  | $0.00           |
| (d) Reserve Fund Withdrawn for NoteInterest                                                  |  |  | $0.00           |
| Amount available fordistributions after Fees & Interest(VIII-(IX(A)(ii)-(D))-X(A)(v)(b)) |  |  | 429,107,163.07  |
| (B)Principal                                                                                 |  |  |            |
| (i)Noteholders' Principal Distribution Amounts                                               |  |  | $414,502,622.15 |
| (ii) Class A-1 NotesPrincipal                                                                |  |  |            |
| (a) Class A-1 NotesPrincipal Due                                                             |  |  | 340,000,000.00  |
| (b)Class A-1 Notes Principal Paid                                                            |  |  | 340,000,000.00  |
| (c)Class A-1 Notes Principal Shortfall                                                       |  |  | $0.00           |
| (d) Reserve Fund drawn                                                                       |  |  | $0.00           |
| (iii) Class A-2 NotesPrincipal                                                               |  |  |            |
| (a) Class A-2 NotesPrincipal Due                                                             |  |  | $74,502,622.15  |
| (b)Class A-2 Notes Principal Paid                                                            |  |  | 74,502,622.15   |
| (c)Class A-2 Notes Principal Shortfall                                                       |  |  | $0.00           |
| (d) Reserve Fund drawn                                                                       |  |  | $0.00           |
| (iv) Class A-3 NotesPrincipal                                                                |  |  |            |
| (a) Class A-3 NotesPrincipal Due                                                             |  |  | $0.00           |
| (b) Class A-3Notes Principal Paid                                                            |  |  | 0.00            |
| (c) Class A-3Notes Principal Shortfall                                                       |  |  | $0.00           |
| (d)Reserve Fund drawn                                                                        |  |  | $0.00           |
| (v)Class A-4 Notes Principal                                                                 |  |  |            |
| (a) ClassA-4 Notes Principal Due                                                             |  |  | $0.00           |
| (b)Class A-4 Notes Principal Paid                                                            |  |  | 0.00            |
| (c) Class A-4Notes Principal Shortfall                                                       |  |  | $0.00           |
| (d)Reserve Fund drawn                                                                        |  |  | $0.00           |
| (vi)Total Notes Principal                                                                    |  |  |            |
| (a) TotalNotes Principal Due                                                                 |  |  | $414,502,622.15 |
| (b) Total Notes PrincipalPaid                                                                |  |  | 414,502,622.15  |
| (c)Total Notes Principal Shortfall                                                           |  |  | $0.00           |
| (d) Reserve Fund drawn                                                                       |  |  | $0.00           |
| XII. RESERVE FUNDDEPOSIT                                                                     |  |  |            |
| Amount available for deposit intoreserve account                                             |  |  | $14,604,540.92  |
| Amountdeposited into reserve account                                                         |  |  | 0.00            |
| ExcessAmount Released from ReserveAccount                                                    |  |  | 0.00            |
| Excessfunds available toCertificateholders                                                   |  |  | 14,604,540.92   |
| XIII.DISTRIBUTIONS TOCERTIFICATEHOLDERS                                                      |  |  |            |
| (A)Interest                                                                                  |  |  |            |
| (i) Certificate Monthly InterestDue                                                          |  |  | $1,562,809.07   |
| (ii) Certificate InterestShortfall Beginning Balance                                         |  |  | $0.00           |
| (iii)Total Certificate InterestDue                                                           |  |  | $1,562,809.07   |
| (iv) Certificate InterestPaid                                                                |  |  | 1,562,809.07    |
| (v)Certificate Interest Shortfall EndingBalance                                              |  |  | $0.00           |
| (B)Principal                                                                                 |  |  |            |
| (i) Certificate Monthly PrincipalDue                                                         |  |  | $1,881,479.10   |
| (ii) CertificatePrincipal Shortfall BeginningBalance                                         |  |  | $0.00           |
| (iii) Total CertificatePrincipal Due                                                         |  |  | $1,881,479.10   |
| (iv)Certificate Principal Paid                                                               |  |  | 1,881,479.10    |
| (v)Certificate Principal Shortfall EndingBalance                                             |  |  | $0.00           |
| (C) Release toSeller                                                                         |  |  | $11,160,252.75  |
|                                                                                              |

----

|                                                |  |  |  |   |                |  |
|------------------------------------------------|--|--|--|---|----------------|--|
| DISTRIBUTIONSSUMMARY                           |
| (A) Total Collections                          |  |  |  | $ | 475,518,364.33 |  |
| (B) ServiceFee                                 |  |  |  | $ | 9,843,477.61   |  |
| (C) TrusteeFees                                |  |  |  |   | 11,000.00      |  |
| (D) Class A1Amount                             |  |  |  | $ | 344,614,827.52 |  |
| (E) Class A2Amount                             |  |  |  | $ | 85,263,349.90  |  |
| (F) Class A3Amount                             |  |  |  | $ | 14,379,200.00  |  |
| (G) Class A4Amount                             |  |  |  | $ | 6,801,968.38   |  |
| (H) AmountDeposited into Reserve Account       |  |  |  | $ | 0.00           |  |
| (I)Certificateholders                          |  |  |  | $ | 3,444,288.17   |  |
| (J)Release to seller                           |  |  |  | $ | 11,160,252.75  |  |
| (K)Total amountdistributed                     |  |  |  | $ | 475,518,364.33 |  |
| (L)Amount of Draw from Reserve Account         |  |  |  |   | 0.00           |  |
| (M) Excess Amount Released fromReserve Account |  |  |  |   | 0.00           |  |
|                                                |

PORTFOLIOAND SECURITYSUMMARY

|                                                         |  |  |                   |  |  |        |  |  |                 |  |  |        |
|---------------------------------------------------------|--|--|-------------------|--|--|--------|--|--|-----------------|--|--|--------|
| XIV.POOL BALANCES AND PORTFOLIOINFORMATION              |  |  | BeginningofPeriod |  |  |   |  |  | EndofPeriod     |  |  |   |
| (A)Balances and PrincipalFactors                        |  |  |              |  |  |   |  |  |            |  |  |   |
| (i)Aggregate Balance of Notes                           |  |  | $1,324,875,000.00 |  |  |   |  |  | $910,372,377.85 |  |  |   |
| (ii)Note Pool Factor                                    |  |  | 1.0000000         |  |  |   |  |  | 0.6871383       |  |  |   |
| (iii)Class A-1 Notes Balance                            |  |  | 340,000,000.00    |  |  |   |  |  | 0.00            |  |  |   |
| (iv)Class A-1 Notes Pool Factor                         |  |  | 1.0000000         |  |  |   |  |  | 0.0000000       |  |  |   |
| (v)Class A-2 Notes Balance                              |  |  | 345,000,000.00    |  |  |   |  |  | 270,497,377.85  |  |  |   |
| (vi)Class A-2 Notes Pool Factor                         |  |  | 1.0000000         |  |  |   |  |  | 0.7840504       |  |  |   |
| (vii)Class A-3 Notes Balance                            |  |  | 440,000,000.00    |  |  |   |  |  | 440,000,000.00  |  |  |   |
| (viii)Class A-3 Notes Pool Factor                       |  |  | 1.0000000         |  |  |   |  |  | 1.0000000       |  |  |   |
| (ix)Class A-4 Notes Balance                             |  |  | 199,875,000.00    |  |  |   |  |  | 199,875,000.00  |  |  |   |
| (x)Class A-4 Notes Pool Factor                          |  |  | 1.0000000         |  |  |   |  |  | 1.0000000       |  |  |   |
| (xi)Certificates Balance                                |  |  | 45,922,951.15     |  |  |   |  |  | 44,041,472.05   |  |  |   |
| (xii)Certificates Pool Factor                           |  |  | 1.0000000         |  |  |   |  |  | 0.9590297       |  |  |   |
| (xiii)Total Principal Balance of Notes and Certificates |  |  | 1,370,797,951.15  |  |  |   |  |  | 954,413,849.90  |  |  |   |
| (B)PortfolioInformation                                 |  |  |              |  |  |   |  |  |            |  |  |   |
| (i)Weighted Average Coupon (WAC)                        |  |  | 3.93%             |  |  |   |  |  | 3.92%           |  |  |   |
| (ii)Weighted Average Remaining Maturity (WAM)           |  |  | 48.08             |  |  | months |  |  | 39.01           |  |  | months |
| (iii)Remaining Number of Receivables                    |  |  | 91,781            |  |  |   |  |  | 81,103          |  |  |   |
| (iv)Portfolio Receivable Balance                        |  |  | $1,370,797,951.15 |  |  |   |  |  | $954,413,849.90 |  |  |   |
| (C)Outstanding AdvanceAmount                            |  |  | $0.00             |  |  |   |  |  | $290,689.01     |  |  |   |
| (D)Outstanding PayaheadBalance                          |  |  | $0.00             |  |  |   |  |  | $0.00           |  |  |   |
|                                                         |

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CREDIT SUISSE FIRSTBOSTONPAGE 4

AMERICAN HONDA FINANCE CORPORATIONAnnualStastement to Certificateholder—Honda Auto Receivables 2005-3Owner Trust 04/01/05 through 03/31/06

SUMMARY OFACCOUNTS

XV. RECONCILIATION OF RESERVEACCOUNT

|                                                       |  |  |               |
|-------------------------------------------------------|--|--|---------------|
| (A)Beginning Reserve Account Balance                  |  |  | $6,853,989.76 |
| (B)Draws                                              |  |  |          |
| (i) Draw forServicing Fee                             |  |  | 0.00          |
| (ii) Draw forInterest                                 |  |  | 0.00          |
| (iii) Draw for RealizedLosses                         |  |  | 0.00          |
| (C) Excess InterestDeposited into the Reserve Account |  |  | 0.00          |
| (D) Reserve Account Balance Prior toRelease           |  |  | 6,853,989.76  |
| (E) ReserveAccount Required Amount                    |  |  | 6,853,989.76  |
| (F) Final Reserve AccountRequired Amount              |  |  | 6,853,989.76  |
| (G)Excess Reserve Account Amount                      |  |  | 0.00          |
| (H) Release of Reserve AccountBalance to Seller       |  |  | 6,853,989.76  |
| (I) Ending ReserveAccountBalance                      |  |  |          |
| XVI.RECONCILIATION OF YIELD SUPPLEMENTACCOUNT         |  |  |          |
| (A) Beginning YieldSupplement AccountBalance          |  |  | 51,925,384.50 |
| (B) InvestmentEarnings                                |  |  | 1,275,913.09  |
| (C) InvestmentEarnings Withdraw                       |  |  | 0.00          |
| (D) AdditionalYield Supplement Amounts                |  |  | 0.00          |
| (E)Yield Supplement DepositAmount                     |  |  | 23,706,122.95 |
| (F) Release ofYield Deposit Account Balance toSeller  |  |  | 0.00          |
| (G)Ending Yield Supplement AccountBalance             |  |  | 29,495,174.64 |
| XVII.NET LOSS AND DELINQUENCY ACCOUNTACTIVITY         |  |  |          |
| (A) LiquidatedContracts                               |  |  |          |
| (i) LiquidationProceeds                               |  |  | $2,802,381.60 |
| (ii) Recoveries onPreviously Liquidated Contracts     |  |  | 624,702.61    |
| (B) Aggregate Net Losses forCollection Period         |  |  | 3,490,100.63  |
| (C)Net Loss Rate for Collection Period (annualized)   |  |  | 0.30%         |
| (D) Cumulative Net Lossesfor all Periods              |  |  | $3,490,100.63 |
|                                                       |

|                                                       |  |  |        |  |  |              |  |      |   |  |  |                |  |  |       |
|-------------------------------------------------------|--|--|--------|--|--|--------------|--|------|---|--|--|----------------|--|--|-------|
| (E)Delinquent Receivables                             |  |  | #Units |  |  | DollarAmount |
| (i) 30-59 DaysDelinquent                              |  |  | 1,650  |  |  |              |  | 2.03 | % |  |  | $20,163,213.76 |  |  | 2.11% |
| (ii)60-89 Days Delinquent                             |  |  | 315    |  |  |              |  | 0.39 | % |  |  | $4,047,777.13  |  |  | 0.42% |
| (ii)90 Days or More Delinquent                        |  |  | 59     |  |  |              |  | 0.07 | % |  |  | $778,682.52    |  |  | 0.08% |
| XVIII.REPOSSESSIONACTIVITY                            |  |  | #Units |  |  | DollarAmount |
| (A) Vehicles Repossessed DuringCollectionPeriod       |  |  | 41     |  |  |              |  | 0.05 | % |  |  | $545,930.02    |  |  | 0.06% |
| (B)Total Accumulated Repossessed Vehicles inInventory |  |  | 69     |  |  |              |  | 0.09 | % |  |  | $982,491.87    |  |  | 0.10% |
|                                                       |

|                                                                                                       |  |  |                     |
|-------------------------------------------------------------------------------------------------------|--|--|---------------------|
| XIX.   TESTSFOR INCREASE IN SPECIFIED RESERVE ACCOUNTBALANCE                           |
| (A) Ratio of Net Losses to the PoolBalance as of Each CollectionPeriod                                |  |  |                |
| (i) Second PrecedingCollection Period                                                                 |  |  | 0.83%               |
| (ii)Preceding Collection Period                                                                       |  |  | 0.50%               |
| (iii) Current CollectionPeriod                                                                        |  |  | 0.09%               |
| (iv) Three MonthAverage (Avg(i,ii,iii))                                                               |  |  | 0.47%               |
| (B) Ratio ofBalance of Contracts Delinquent 60 Days or More to the OutstandingBalance of Receivables. |  |  |                |
| (i) SecondPreceding Collection Period                                                                 |  |  | 0.85%               |
| (ii) Preceding CollectionPeriod                                                                       |  |  | 0.64%               |
| (iii) CurrentCollection Period                                                                        |  |  | 0.55%               |
| (iv) ThreeMonth Average (Avg(i,ii,iii))                                                               |  |  | 0.68%               |
| (C)Loss and Delinquency Trigger Indicator                                                             |  |  | Trigger was nothit. |
|                                                                                                       |

I hereby certify thatthe servicing report provided is true and accurate to the best ofmy knowledge.

/s/ Paul C.HondaPaul C. HondaAssistant Vice President, AssistantSecretary and Compliance Officer

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