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September 17, 2001
  DART 2000-1 DISTRIBUTION SUMMARY    
  


    Collection Account  



	Wire/Deposit to:
 
	 	In consideration of:
 
	 	In the amount of:
 

	1. Premier Auto Finance, Inc.	 	Reimburse Previous Advances	 	19,579.78
	 	 	Excess Coverage	 	0.00
	

2. Bank of New York	
 	

Indenture Trustee Fee	
 	

0.00
	

3. Chase	
 	

Owner Trustee Fee	
 	

0.00
	

4. Premier Auto Finance, Inc.	
 	

Servicing Fees	
 	

358,775.17
	 	 	Late Fees	 	66,764.33
	 	 	 	 	

	 	 	Total Servicing Fees	 	425,539.50
	

5. Note Distribution Account	
 	

Note Interest	
 	

2,463,254.08
	

6. Certificate Distribution Account	
 	

Certificate Interest	
 	

87,068.70
	

7. Note Distribution Account	
 	

Principal Payable	
 	

23,077,763.75
	

8. Certificate Distribution Account	
 	

Principal Payable	
 	

0.00
	

9. Reserve Fund	
 	

Funding	
 	

0.00
	 	 	 	 	

	TOTAL AMOUNT WIRED/DEPOSITED:	 	 	 	26,073,205.81
	 	 	 	 	

	
Reserve Account





	
Wire/Deposit to:
 
	
 	

In consideration of:
 
	
 	

In the amount of:
 

	1. Collection Account	 	Collection Shortfall	 	38,559.97
	 	 	 	 	

	
TOTAL AMOUNT WIRED/DEPOSITED:	
 	

 	
 	

38,559.97
	 	 	 	 	






	/s/ RANDALL S. ROYER   	 	 	 	 
	
 VP - Assistant Treasurer	 	 	 	 
	

 	
 	

 	
 	

 
	/s/ MATTHEW P. ROMANO   	 	 	 	 
	
 SVP - Finance	 	 	 	 
	

 	
 	

 	
 	

 



September 17, 2001

1:58 PM 


Page 3 of 9






   Dealer Auto Receivables Owner Trust 2000-1  



	190,000,000.00	 	6.69% Dealer Auto Receivables Asset-Backed Notes, Class A-1
	274,000,000.00	 	7.01% Dealer Auto Receivables Asset-Backed Notes, Class A-2
	168,000,000.00	 	7.07% Dealer Auto Receivables Asset-Backed Notes, Class A-3
	83,251,000.00	 	7.12% Dealer Auto Receivables Asset-Backed Notes, Class A-4
	24,470,000.00	 	7.46% Dealer Auto Receivables Asset-Backed Notes, Class B
	13,175,591.56	 	7.93% Dealer Auto Receivables Asset- Backed Certificates




Monthly Report

For the September 17, 2001 Distribution Date  



	A	 	Calculation of Available Amounts	 	 
	

 	
 	

1	
 	

Available Principal (as defined in Article I of the Sale and Servicing Agreement)	
 	

21,662,709.66
	 	 	 	 	 	 	 	 	

	 	 	2	 	Available Interest (as defined in Article I of the Sale and Servicing Agreement)	 	4,305,171.85
	 	 	 	 	 	 	 	 	

	 	 	3	 	Available Amounts (l. plus 2.)	 	$25,967,881.51
	 	 	 	 	 	 	 	 	

	B	 	Calculation of Principal Distributable Amount
 (as defined in Article I of the Sale and Servicing Agreement)	 	$23,077,763.75
	 	 	 	 	 	 	 	 	

	C	 	Calculation of Note Monthly Principal Distributable Amount	 	$23,077,763.75
	 	 	 	 	 	 	 	 	

	 	 	1	 	Note Percentage for such Distribution Date	 	 
	

 	
 	

 	
 	

(a)	
 	

for each Distribution Date to but excluding the Distribution Date on which the principal amount of the Class B Notes is reduced to zero	
 	

100.00%
	 	 	 	 	 	 	 	 	

	 	 	 	 	(b)	 	after the principal amount of the Class B Notes have been reduced to zero	 	0.00%
	 	 	 	 	 	 	 	 	

	 	 	2	 	Principal Distributable Amount (from B)	 	$23,077,763.75
	 	 	 	 	 	 	 	 	

	 	 	3	 	Note Monthly Principal Distributable Amount for	 	 
	

 	
 	

 	
 	

(a)	
 	

Class A-1 Notes	
 	

$0.00
	 	 	 	 	 	 	 	 	

	 	 	 	 	(b)	 	Class A-2 Notes	 	$23,077,763.75
	 	 	 	 	 	 	 	 	

	 	 	 	 	(c)	 	Class A-3 Notes	 	$0.00
	 	 	 	 	 	 	 	 	

	 	 	 	 	(d)	 	Class A-4 Notes	 	$0.00
	 	 	 	 	 	 	 	 	

	 	 	 	 	(e)	 	Class B Notes	 	$0.00
	 	 	 	 	 	 	 	 	

	 	 	 	 	(f)	 	Note Principal Carryover Shortfall	 	$0.00
	 	 	 	 	 	 	 	 	

	D	 	Calculation of Note Monthly Interest Distributable Amount	 	 
	

 	
 	

1	
 	

Class A-1 Interest Rate	
 	

6.69%
	 	 	 	 	 	 	 	 	

	 	 	2	 	Class A-2 Interest Rate	 	7.01%
	 	 	 	 	 	 	 	 	

	 	 	3	 	Class A-3 Interest Rate	 	7.07%
	 	 	 	 	 	 	 	 	

	 	 	4	 	Class A-4 Interest Rate	 	7.12%
	 	 	 	 	 	 	 	 	

	 	 	5	 	Class B Interest Rate	 	7.46%
	 	 	 	 	 	 	 	 	

	 	 	6	 	Class A-1 Note Interest Distributable Amount	 	$0.00
	 	 	 	 	 	 	 	 	

	 	 	7	 	Class A-2 Note Interest Distributable Amount	 	$827,376.32
	 	 	 	 	 	 	 	 	

	 	 	8	 	Class A-3 Note Interest Distributable Amount	 	$989,800.00
	 	 	 	 	 	 	 	 	

	 	 	9	 	Class A-4 Note Interest Distributable Amount	 	$493,955.93
	 	 	 	 	 	 	 	 	

	 	 	10	 	Class B Note Interest Distributable Amount	 	$152,121.83
	 	 	 	 	 	 	 	 	

	 	 	11	 	Aggregate Interest Carryover Shortfall for each Class for such Distribution Date	 	$0.00
	 	 	 	 	 	 	 	 	




Page 4 of 9





 

	 	 	12	 	Note Monthly Interest Distributable Amount (the sum of items D.6, D.7, D.8, D.9, D.10 and D.11)	 	$2,463,254.08
	 	 	 	 	 	 	 	 	

	E	 	Calculation of Note Distributable Amount (sum of C.3 plus D.12.)	 	$25,541,017.83
	 	 	 	 	 	 	 	 	

	F	 	Calculation of Certificate Principal Distributable Amount	 	 
	

 	
 	

1	
 	

Certificate Balance	
 	

$13,175,591.56
	 	 	 	 	 	 	 	 	

	 	 	2	 	Principal Distributable Amount	 	$0.00
	 	 	 	 	 	 	 	 	

	 	 	3	 	Certificate Percentage for each respective Distribution Date	 	 
	

 	
 	

3	
 	

(a)	
 	

for each Distribution Date to but excluding the Distribution Date on which the Principal Amount of the Class B Notes is reduced to zero	
 	

0.00%
	 	 	 	 	 	 	 	 	

	 	 	3	 	(b)	 	on the Distribution Date on which the Principal Amount of the Class B Notes is reduced to zero	 	 
	 	 	 	 	 	 	 	 	

	 	 	3	 	(c)	 	thereafter	 	100.00%
	 	 	 	 	 	 	 	 	

	 	 	4	 	(a)	 	Principal Distributable Amount multiplied by the Certificate Percentage for such Distribution Date	 	$0.00
	 	 	 	 	 	 	 	 	

	 	 	4	 	(b)	 	Certificate Principal Carryover Shortfall for such Distribution Date	 	$0.00
	 	 	 	 	 	 	 	 	

	 	 	5	 	Certificate Principal Distributable Amount (the sum of 4.(a) and 4.(b))	 	$0.00
	 	 	 	 	 	 	 	 	

	G	 	Calculation of Certificate Interest Distributable Amount	 	 
	

 	
 	

1	
 	

Certificate Pass-Through Rate	
 	

7.93%
	 	 	 	 	 	 	 	 	

	 	 	2	 	(a)	 	Certificate Monthly Interest Distributable Amount	 	$87,068.70
	 	 	 	 	 	 	 	 	

	 	 	2	 	(b)	 	Certificate Interest Carryover Shortfall for such Distribution Date	 	$0.00
	 	 	 	 	 	 	 	 	

	 	 	3	 	Certificate Interest Distributable Amount (sum of 2.(a) and 2.(b))	 	$87,068.70
	 	 	 	 	 	 	 	 	

	H	 	Calculation of Certificate Distributable Amount (sum of F.5 and G.3)	 	$87,068.70
	 	 	 	 	 	 	 	 	

	I	 	Fees	 	 
	

 	
 	

1	
 	

The Monthly Servicing Fee for such Distribution Date

(1/12 of the product of 1% and the Aggregate Principal Balance of the Contracts as of the beginning of the preceding Distribution Date)	
 	

$358,775.17
	 	 	 	 	 	 	 	 	

	 	 	2	 	Late Payment Penalty Fees for such Distribution Date	 	$66,764.33
	 	 	 	 	 	 	 	 	

	 	 	3	 	Extension Fees for such Distribution Date	 	$0.00
	 	 	 	 	 	 	 	 	

	 	 	4	 	Indenture Trustee Fee for such Distribution Date	 	$0.00
	 	 	 	 	 	 	 	 	

	 	 	5	 	Owner Trustee Fee for such Distribution Date	 	$0.00
	 	 	 	 	 	 	 	 	

	J	 	Calculation of the Available Amounts for such Distribution Date	 	 
	

 	
 	

1	
 	

The amount of funds deposited into the Collection Account pursuant to Section 5.05(b) of the Sale and Servicing Agreement with respect to the related Due Period	
 	

26,034,645.84
	 	 	 	 	 	 	 	 	

	 	 	 	 	a	 	All amounts received by the Indenture Trustee or the Servicer with respect to principal and interest on the Contracts, as well as Late Payment Penalty Fees and Extensions Fees for related Due Period	 	$25,126,144.71
	 	 	 	 	 	 	 	 	

	 	 	 	 	b	 	All Net Liquidation Proceeds	 	$861,836.24
	 	 	 	 	 	 	 	 	

	 	 	 	 	c	 	The aggregate of the Repurchase Prices for Contracts required to be repurchased by the Depositor as described in Section 7.05 of the Sale and Servicing Agreement	 	$0.00
	 	 	 	 	 	 	 	 	

	 	 	 	 	d	 	All Advances made by Servicer pursuant to Section 7.02 of the Sale and Servicing Agreement	 	-
	 	 	 	 	 	 	 	 	

	 	 	 	 	e	 	All amounts paid by the Seller in connection with an optional repurchase of the Contracts described in Section 7.07 of the Sale and Servicing Agreement	 	$0.00
	 	 	 	 	 	 	 	 	




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	 	 	 	 	f	 	All amounts received in respect of interest, dividends, gains, income and earnings on investments of funds in the Trust Accounts as contemplated in Section 5.05(b) of the Sale and Servicing Agreement	 	46,664.89
	 	 	 	 	 	 	 	 	

	 	 	 	 	g	 	Total amount of funds deposited into the Collection Account pursuant to Section 5.05(b) (the sum of a. through f.)	 	$26,034,645.84
	 	 	 	 	 	 	 	 	

	 	 	2	 	The amount of funds permitted to be withdrawn from the Collection Account pursuant to clauses (i) through (iii) of Section 7.03(a) of the Sale and Servicing Agreement with respect to related Due Period	 	$445,119.28
	 	 	 	 	 	 	 	 	

	 	 	 	 	a	 	Amounts to be paid to the Servicer as the Reimbursement Amount in accordance with Section 7.02 of the Sale and Servicing Agreement	 	19,579.78
	 	 	 	 	 	 	 	 	

	 	 	 	 	b	 	Amounts to be paid to the Servicer in respect to the Servicing Fee for the related Due Period	 	$425,539.50
	 	 	 	 	 	 	 	 	

	 	 	 	 	c	 	Amounts to be paid to the Indenture Trustee in respect of the Indenture Trustee Fee for the related Due Period	 	$0.00
	 	 	 	 	 	 	 	 	

	 	 	 	 	d	 	Amounts to be paid to the Owner Trustee in respect of Owner Trustee Fee for related Due Period	 	$0.00
	 	 	 	 	 	 	 	 	

	 	 	 	 	e	 	Total amount of funds permitted to be withdrawn from the Collection Account pursuant to clauses (i) through (iii) Section 7.03(a) of the Sale and Servicing Agreement with respect to the related Due Period (sum
of a. through d.)	 	$445,119.28
	 	 	 	 	 	 	 	 	

	 	 	3	 	The Available Amounts (not including amounts from Reserve Fund Account) for such Distribution Date available to pay Note Distributable Amounts and Certificate Distributable Amounts (1(g) minus 2(e)	 	$25,589,526.56
	 	 	 	 	 	 	 	 	

	K	 	The shortfall of Available Amounts for such Distribution Date to pay either the Note Distributable Amount or the Certificate Distributable Amount

(the Available Amounts for such Distribution Date minus the sum of the Note Distributable Amount as set forth in E. and the Certificate Distributable Amount as set forth in H.)	 	$38,559.97
	 	 	 	 	 	 	 	 	

	L	 	The amount to be withdrawn from the Reserve Fund on such Distribution Date to cover the Note Interest Distributable Amount	 	$0.00
	 	 	 	 	 	 	 	 	

	M	 	The amount to be withdrawn from the Reserve Fund on such Distribution Date to cover the Certificate Interest Distributable Amount	 	$0.00
	 	 	 	 	 	 	 	 	

	N	 	The amount to be withdrawn from the Reserve Fund on such Distribution Date to cover the Note Principal Distributable Amount	 	$38,559.97
	 	 	 	 	 	 	 	 	

	O	 	The amount to be withdrawn from the Reserve Fund on such Distribution Date to cover the Certificate Principal Distributable Amount	 	$0.00
	 	 	 	 	 	 	 	 	

	P	 	Interest Earnings on the Reserve Fund.	 	$52,521.56
	 	 	 	 	 	 	 	 	

	Q	 	The amount on deposit in the Reserve Fund after giving effect to deposits and withdrawals therefrom on such Distribution Date	 	23,694,142.62
	 	 	 	 	 	 	 	 	

	R	 	The Specified Reserve Fund Amount for such Distribution Date will be an amount equal to the lesser of (i) the aggregate unpaid principal balance of the Class A-1 Notes, the Class A-2 Notes, the
Class A-3 Notes, the Class A-4 Notes and the Class B Notes and the Certificate Balance as of such Distribution Date, and (ii) the greater of:	 	 
	

 	
 	

(a)	
 	

4.25% of the aggregate unpaid principal balance of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class B Notes and the Certificate Balance on such Distribution Date, except that if
a Reserve Fund Trigger Event shall have occurred and be continuing on such Distribution Date, then the percentage of the aggregate unpaid principal balance of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the
Class A-4 Notes and the Class B Notes and the Certificate Balance referred to in this clause (a), shall be equal to 6.50%; and	
 	

 



Page 6 of 9





 

	

 	
 	

(b)	
 	

1.00% of the Aggregate Principal Balance as of the Cutoff Date.	
 	

26,484,408.27
	 	 	 	 	 	 	 	 	






	S	 	The Pool Factor	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Factor immediately Before

such Distribution Date	 	 	 	Factor immediately After

such Distribution Date	 	 	 	 
	

 	
 	

Class A-1 Note	
 	

1	
 	

0.0000000	
 	

7	
 	

0.0000000	
 	

 	
 	

 
	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 
	 	 	Class A-2 Note	 	2	 	0.5169110	 	8	 	0.4326856	 	 	 	 
	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 
	 	 	Class A-3 Note	 	3	 	1.0000000	 	9	 	1.0000000	 	 	 	 
	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 
	 	 	Class A-4 Note	 	4	 	1.0000000	 	10	 	1.0000000	 	 	 	 
	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 
	 	 	Class B Note	 	5	 	1.0000000	 	11	 	1.0000000	 	 	 	 
	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 
	 	 	Certificate	 	6	 	1.0000000	 	12	 	1.0000000	 	 	 	 
	 	 	 	 	 	 	
	 	 	 	
	 	 	 	 





	T	 	Delinquent Contracts	 	 	 	 
	

 	
 	

1	

31-60 Days	
 	

1,346	
 	

$13,788,050.09
	 	 	 	 	 	 	 	
	 	

	 	 	2	61-90 Days	 	337	 	$3,636,145.41
	 	 	 	 	 	 	 	
	 	

	 	 	3	91 or More Days	 	159	 	$1,643,989.52
	 	 	 	 	 	 	 	
	 	

	 	 	 	 	 	Total Delinquent Receivables	 	1,842	 	$19,068,185.02
	 	 	 	 	 	61+ Days Delinquencies as Percentage of Receivables	 	 	 	1.30%
	

 	
 	

 	

 	
 	

Delinquency Ratio for Second Preceding Collection Period	
 	

 	
 	

0.89%
	 	 	 	 	 	Delinquency Ratio for Preceding Collection Period	 	 	 	1.12%
	 	 	 	 	 	Delinquency Ratio for Current Collection Period	 	 	 	1.30%
	 	 	 	 	 	Average Delinquency Ratio                        (Reserve Fund Trigger Event >= 2.0%)	 	1.10%





	U	 	Defaulted Contracts	 	 	 	 
	

 	
 	

1	
 	

Total Defaulted Contracts for the Due Period	
 	

231	
 	

2,188,382.42
	 	 	 	 	 	 	 	 	 	 	

	 	 	2	 	Identity (attach)	 	 	 	 
	

 	
 	

3	
 	

Liquidation proceeds for the Due Period	
 	

 	
 	

$910,355.20
	 	 	 	 	 	 	 	 	 	 	

	 	 	4	 	Liquidation expenses for the Due Period	 	 	 	48,518.96
	 	 	 	 	 	 	 	 	 	 	

	 	 	5	 	Net Liquidation Proceeds for the Due Period	 	 	 	$861,836.24
	 	 	 	 	 	 	 	 	 	 	

	 	 	6	 	Net Liquidation Losses for the Due Period	 	 	 	$1,326,546.18
	 	 	 	 	 	 	 	 	 	 	

	 	 	 	 	 	 	Pool Balance at Beginning of Collection Period	 	 	 	$430,530,198.64
	 	 	 	 	 	 	Net Loss Ratio for Current Collection Period	 	 	 	3.70%
	

 	
 	

 	
 	

 	
 	

Net Loss Ratio for Second Preceding Collection Period	
 	

 	
 	
4.26%
	 	 	 	 	 	 	Net Loss Ratio for Preceding Collection Period	 	 	 	2.95%
	 	 	 	 	 	 	Net Loss Ratio for Current Collection Period	 	 	 	3.70%
	 	 	 	 	 	 	Average Net Loss Ratio            (Reserve Fund Trigger Event >= 2.5%)	 	 	 	3.64%





	V	 	Advances	 	 
	

 	
 	

1	
 	

Unreimbursed Advances prior to such Distribution Date	
 	

$253,159.46
	 	 	 	 	 	 	

	 	 	2	 	Amount paid to Servicer on such Distribution Date to reimburse Servicer for such unreimbursed Advances	 	181,354.88
	 	 	 	 	 	 	

	 	 	3	 	Amount of Delinquent Interest for the related Due Period	 	161,775.10
	 	 	 	 	 	 	




Page 7 of 9





 

	 	 	4	 	Amount of new Advances on such Distribution Date (if such amount is less than the amount of Delinquent Interest, attach the certificate required by Section 7.02 of the Sale and Servicing Agreement)	 	(19,579.78)
	 	 	 	 	 	 	

	 	 	5	 	Total of unreimbursed Advances after new Advances on such Distribution Date	 	$233,579.68
	 	 	 	 	 	 	

	W	 	Repurchased Contracts	 	 
	

 	
 	

1	
 	

Number of Contracts to be repurchased pursuant to Section 7.07 of the Sale and Servicing Agreement	
 	

0
	 	 	 	 	 	 	

	 	 	2	 	Principal Amount of such Contracts	 	$0.00
	 	 	 	 	 	 	

	 	 	3	 	Related Repurchase Price of such Contracts	 	$0.00
	 	 	 	 	 	 	

	X	 	Contracts	 	 
	

 	
 	

1	
 	

Number of Contracts as of beginning of Due Period	
 	
44,732
	 	 	 	 	 	 	

	 	 	2	 	Principal Balance of Contracts as of beginning of Due Period	 	$430,530,198.64
	 	 	 	 	 	 	

	 	 	3	 	The weighted average Contract Rate of the Contracts as of the beginning of the Due Period	 	11.62%
	 	 	 	 	 	 	

	 	 	4	 	The weighted average remaining term to maturity of the Contracts as of the beginning of the Due Period	 	37.21
	 	 	 	 	 	 	

	 	 	5	 	Number of Contracts as of end of Due Period	 	43,117
	 	 	 	 	 	 	

	 	 	6	 	Principal Balance of Contracts as of end of Due Period	 	407,452,434.89
	 	 	 	 	 	 	

	 	 	7	 	The weighted average Contract Rate of the Contracts as of the end of the Due Period	 	11.62%
	 	 	 	 	 	 	

	 	 	8	 	The weighted average remaining term to maturity of the Contracts as of the end of the Due Period	 	36.39
	 	 	 	 	 	 	





Page 8 of 9






   Net Loss Addendum

Section "U" of Servicer Certificate  



	For the Period Ending August 31, 2001

Servicing Report Dated September 17, 2001
 
	 	Reported

8K
	 	Actual*

Loss

	Net Loss Ratio for Current Month	 	3.70%	 	2.51%
	Net Loss Ratio for Previous Month	 	2.95%	 	2.79%
	Net Loss Ratio for 2nd Previous Month	 	4.26%	 	2.68%
	Net Loss Ratio Three Month Average	 	3.64%	 	2.66%






The
difference between the Reported 8K and Actual Loss column is driven by the difference in the definition of a Defaulted Contract between the DART 2000-1 Servicing Agreement and the servicer's
normal procedures as described in the Prospectus. Generally the servicer charges-off a contract: 


	1)
	when
the servicer deems the contract uncollectible;



	2)
	if
the financed vehicle is not repossessed, during the month when 5% or more of an installment due under the contract becomes more than 120 days past due;



	3)
	if
the financed vehicle is repossessed, when all sale proceeds, insurance claims and refunds of financed insurance policies and extended warranties have been received; or



	4)
	when
an obligor files for bankruptcy and the servicer determines that its loss is known. 



The
definition of a Defaulted Contract in the DART 2000-1 Sale And Servicing Agreement states: 



"Defaulted Contract" means a Contract with respect to which there has occurred one or more of the following: (i) all or part of a scheduled payment
under the Contract is 120 days or more than 120 days past due and the Servicer has not repossessed the related Financed Vehicle, (ii) the Servicer, has in accordance with its customary servicing
procedures, determined that eventual payment in full is unlikely and has either repossessed and liquidated the related Financed Vehicle or repossessed and held the related Financed Vehicle in its
repossessed inventory for 90 days, whichever occurs first; provided, however, in no event shall the period of time referred to in clauses (i) or (ii)
extend for a combined period of longer than 120 days, or (iii) the relevant Obligor has suffered an Insolvency Event. 




Two
differences between the two standards account for the change in the Net Loss Ratio reported in the revised Servicer Certificate from the Net Loss Ratio calculated in accordance with the servicer's
customary servicing procedures: 


	1)
	Under
the DART 2000-1 Servicing Agreement the servicer must recognize the entire amount of a bankrupt account as a loss when the obligor files for bankruptcy rather than when the
seller determines the actual amount of loss. Although prior experience does not necessarily predict future performance, in the servicer's experience, a majority of the accounts that file bankruptcy
are collected.



	2)
	Under
the DART 2000-1 Servicing Agreement repossessions in inventory are considered to be a loss if the contract is 120 days delinquent. Traditionally the Servicer would not
consider repossessions in inventory to be a loss until the car has been sold and all liquidation proceeds have been recovered and the loss is known.



	*
	Losses
as determined according to the Servicer's customary servicing procedures.



	**
	The
June liquidation adjustment resulted in the understatement of the June 15, 2001 current month net loss ratio. The originally reported net loss ratio of 1.91% has been adjusted
to 3.53% to reflect this adjustment. 


Page 9 of 9









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September 17, 2001 DART 2000-1 DISTRIBUTION SUMMARY