**Exhibit 99.1**

 

**CapitalOne Prime Auto Receivables Trust 2003-1**

Aggregate Data for year endedDecember 31, 2003

 
| Defaults                                     |   | 1,396,118.98   |   |
|----------------------------------------------|--------|----------------|--------|
| Total  Collections                           |   | 352,022,112.61 |   |
| Scheduled  and Prepayment Principal Received |   | 310,173,248.67 |   |
| Collection  of Interest and Fees             |   | 39,016,233.87  |   |
| Annual  Servicing Fee Paid                   |   | 3,352,772.96   |   |
| Class A  Investor Charge-Offs                |   | 0.00           |   |

 

----

 

**Capital One Prime Auto Receivables Trust 2003-1**

**Automobile Receivable - Backed Notes**

Class A-1 1.26% Asset-Backed Notes

Class A-2 1.44% Asset-Backed Notes

Class A-3 1.97% Asset-Backed Notes

Class A-4 2.59% Asset-Backed Notes

Class B 2.33% Asset-Backed Notes

 

**Preliminary Servicer’s Certificate**

 
| Monthly Period  Beginning:      | 12/1/2003  |   | **Purchases**        | **Units** | **Cut-off  Date** | **Closing  Date** | **Original  Pool Balance** |
|---------------------------------|------------|--------|----------------------|-----------|-------------------|-------------------|----------------------------|
| Monthly Period  Ending:         | 12/31/2003 |   | **Initial Purchase** | 60,188    | 03/19/2003        | 3/27/2003         | $1,000,000,647             |
| Prev.  Distribution/Close Date: | 12/15/2003 |   | **Sub Purchase #1**  | 0         |              |              | $0                         |
| Distribution  Date:             | 1/15/2004  |   | **Sub Purchase #2**  | 0         |              |              | $0                         |
| Days of Interest  for Period:   | 31         |   | **Total**            | 60,188    |              |              | $1,000,000,647             |
| Days in  Collection Period:     | 31         |   |                 |      |              |              |                       |
| Months Seasoned:                | 9          |   |                 |      |              |              |                       |

 
| **I.**   | **MONTHLY  PERIOD RECEIVABLES PRINCIPAL BALANCE CALCULATION:** |
|----------|----------------------------------------------------------------|
| **{1}**  | Beginning of Period  Aggregate Principal Balance               | **{1}** |   | 717,927,373.48 |
| **{2}**  | Purchase of Subsequent  Receivables                            | **{2}** |   | 0.00 |
|     | Monthly Principal Amounts                                      |   |   |   |
|     | **{3}**                                                        | Regular Principal  Received | **{3}** | 15,897,343.45 |   |
|     | **{4}**                                                        | Prepaid Principal  Received | **{4}** | 13,373,764.15 |   |
|     | **{5}**                                                        | Defaulted Receivables  Deposit Amount | **{5}** | 244,771.45 |   |
|     | **{6}**                                                        | Principal Portion of  Repurchased Receivables | **{6}** | 0.00 |   |
|     | **{7}**                                                        | Cram Down Losses and  Other Non-Cash Adjustments | **{7}** | 255.10 |   |
|     | **{8}**                                                        | Total Monthly Principal  Amounts | **{8}** |   | 29,516,134.15 |
| **{9}**  | End of Period Aggregate  Receivables Balance                   | **{9}** |   | 688,411,239.33 |
| **{10}** | Pool Factor ( {9} /  Original Pool Balance)                    | **{10}** |   | 0.69 |

 
| **II.** | **MONTHLY PERIOD NOTE BALANCE  CALCULATION:** |   |
|---------|-----------------------------------------------|--------|

 
|     |                                             |     | **Class A-1** | **Class  A-2** | **Class  A-3** | **Class  A-4** | **Class B** | **Total**      |
|----------|--------------------------------------------------|----------|---------------|----------------|----------------|----------------|-------------|----------------|
| **{11}** | Original Aggregate Note Balance                  | **{11}** | $220,000,000  | $215,000,000   | $350,000,000   | $192,500,000   | $22,500,000 | $1,000,000,000 |
| **{12}** | Beginning of Period Note Balance                 | **{12}** | $0            | $159,274,008   | $350,000,000   | $192,500,000   | $16,153,366 | $717,927,373   |
| **{13}** | Noteholders’ Principal Distributable Amount | **{13}** | 0             | 28,852,021     | 0              | 0              | 664,113     | 29,516,134     |
| **{14}** | Noteholders’ Accelerated Principal Amount   | **{14}** | 0             | 0              | 0              | 0              | 0           | 0              |
| **{15}** | Optional Note Redemption Principal Amount        | **{15}** | 0             | 0              | 0              | 0              | 0           | 0              |
| **{16}** | End of Period Note Balance                       | **{16}** | $0            | $130,421,986   | $350,000,000   | $192,500,000   | $15,489,253 | $688,411,239   |
| **{17}** | Note Pool Factors ( {16} / {11})                 | **{17}** | 0             | 0.6066         | 1.0000         | 1.0000         | 0.6884      | 0.6884         |
| **{18}** | Principal Payment Per $1,000                     | **{18}** | $0            | $134.20        | $0.00          | $0.00          | $29.52      | $29.52         |

 
|     | Class A Principal Allocations      |     |   |          |   |   |   |   |
|----------|------------------------------------|----------|--------|---------------|--------|--------|--------|--------|
| **{19}** | First  Allocation of Principal     | **{19}** |   | 13,362,768.25 |
| **{20}** | Regular  Allocation Principal      | **{20}** |   | 16,153,365.90 |
| **{21}** | Class  A-1 Allocation of Principal | **{21}** |   | 0.00          |
| **{22}** | Class  A Allocation of Principal   | **{22}** |   | 15,489,252.88 |
|          |                                    |          |        |               |        |        |        |        |  |  |  |  |

 

1

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| **III.** | **RECONCILIATION  OF PRE-FUNDING ACCOUNT:**        |     |   |   |
|----------|----------------------------------------------------|----------|--------|--------|
|     |                                               |     |   |   |
| **{23}** | Beginning of Period  Pre-Funding Account Balance   | **{23}** |   | 0.00   |
| **{24}** | Purchase  of Subsequent Receivables                | **{24}** | 0.00   |   |
| **{25}** | Investment  Earnings                               | **{25}** | 0.00   |   |
| **{26}** | Investment  Earning Transfer to Collection Account | **{26}** | 0.00   |   |
| **{27}** | Payment  of Mandatory Prepayment Amount            | **{27}** | 0.00   |   |
| **{28}** | End of Period  Pre-Funding Account Balance         | **{28}** |   | 0.00   |

 
| **IV.**              | **RECONCILIATION OF COLLECTION  ACCOUNT:**        |     |          |          |
|----------------------|---------------------------------------------------|----------|---------------|---------------|
|                 |                                              |     |          |          |
| **Available Funds:** |                                              |     |          |
| **{29}**             | Scheduled and Prepayment  Principal Cash Received | **{29}** | 29,271,107.60 |          |
| **{30}**             | Liquidation Proceeds  Collected During Period     | **{30}** | 6,324.00      |          |
| **{31}**             | Receivables Repurchase  Amounts                   | **{31}** | 0.00          |          |
| **{32}**             | Interest and Fee  Collected on Receivables        | **{32}** | 3,381,179.01  |          |
| **{33}**             | Return of Excess Deposit  - Prefunding Account    | **{33}** | 0.00          |          |
| **{34}**             | Advances from the  Reserve Fund                   | **{34}** | 0.00          |          |
| **{35}**             | Reserve Account Excess  Amount Release            | **{35}** | 250,887.14    |          |
|                 | Investment Earnings on Trust Accounts             |     |          |          |
| **{36}**             | Collection  Account                               | **{36}** | 21,583.03     |          |
| **{37}**             | Transfer  from Reserve Fund                       | **{37}** | 4,950.26      |          |
| **{38}**             | Transfer  from Pre-Funding Account                | **{38}** | 0.00          |          |
| **{39}**             | Optional Note Redemption  Prepayment Amount       | **{39}** | 0.00          |          |
| **{40}**             | Total Available Funds                             | **{40}** |          | 32,936,031.04 |
|                 |                                              |     |          |          |
| **Distributions:**   |                                              |     |          |
| **{41}**             | Trustee Fees                                      | **{41}** | 0.00          |          |
| **{42}**             | Servicing Fees                                    | **{42}** | 299,136.41    |          |
| **{43}**             | Unpaid Servicing Fees                             | **{43}** | 0.00          |          |
| **{44}**             | Change from Prior Unpaid  Servicing Fees          | **{44}** | 0.00          |          |

 
|     | Class A Noteholders’ Note Interest           |                        |                           |                                 |
|----------|---------------------------------------------------|-----------------------------|--------------------------------|--------------------------------------|
|     | **Class**                                         | **Beginning  Note Balance** | **Interest  Rate**             | **Days**                             | **Day  Count  Basis** | **Calculated  Interest** | **Coupon  Payment  Per $1,000** |   |   |   |
| **{45}** | Class A-1                                         | $0                          | 1.26%                          | 31                                   | Actual/360 | $0 | $0.00 | **{45}** | 0.00 |   |
| **{46}** | Class A-2                                         | $159,274,008                | 1.44%                          | 30                                   | 30/360 | $191,129 | $0.89 | **{46}** | 191,128.81 |   |
| **{47}** | Class A-3                                         | $350,000,000                | 1.97%                          | 30                                   | 30/360 | $574,583 | $1.64 | **{47}** | 574,583.33 |   |
| **{48}** | Class A-4                                         | $192,500,000                | 2.59%                          | 30                                   | 30/360 | $415,479 | $2.16 | **{48}** | 415,479.17 |   |
|     | Class A Noteholders’ Note Interest Shortfall |                        |                           |                                 |
|     | **Class**                                         | **Carryover  Shortfall**    | **Change  from  Prior Period** | **Carryover  Shortfall  Per $1,000** |   |   |   |
| **{49}** | Class A-1                                         | $0.00                       | $0.00                          | $0.00                                | **{49}** | 0.00 |   |
| **{50}** | Class A-2                                         | $0.00                       | $0.00                          | $0.00                                | **{50}** | 0.00 |   |
| **{51}** | Class A-3                                         | $0.00                       | $0.00                          | $0.00                                | **{51}** | 0.00 |   |
| **{52}** | Class A-4                                         | $0.00                       | $0.00                          | $0.00                                | **{52}** | 0.00 |   |
| **{53}** | First Allocation of Principal                     | **{53}**                    | 13,362,768.25                  |                                 |
|     |                                              |                        |                           |                                 |
|     | Class B Noteholders’ Basic Note Interest     |                        |                           |                                 |
|     | **Class**                                         | **Beginning  Note Balance** | **Interest  Rate**             | **Days**                             | **Day  Count  Basis** | **Calculated  Interest** | **Coupon  Payment  Per $1,000** |   |   |   |
| **{54}** | Tranche B                                         | $16,153,366                 | 2.33%                          | 30                                   | 30/360 | $31,364 | 1.39 | **{54}** | 31,364.45 |   |
|     | Class B Noteholders’ Note Interest Shortfall |                        |                           |                                 |
|     | **Class**                                         | **Carryover  Shortfall**    | **Change  from  Prior Period** | **Carryover  Shortfall  Per $1,000** |   |   |   |
| **{55}** | Tranche B                                         | 0.00                        | 0.00                           | 0.00                                 | **{55}** | 0.00 |   |
| **{56}** | Total Class A Allocation  of Principal            | **{56}**                    | 15,489,252.88                  |                                 |
| **{57}** | Deposit to Reserve  Account, to Required Level    | **{57}**                    | 0.00                           |                                 |
| **{58}** | Total Class B Allocation  of Principal            | **{58}**                    | 664,113.02                     |                                 |
| **{59}** | Optional Note Redemption  Amount                  | **{59}**                    | 0.00                           |                                 |
| **{60}** | Other Amounts Due to the  Trustee                 | **{60}**                    | 0.00                           |                                 |
|          |                                                   |                             |                                |                                      |  |  |  |  |  |  |  |  |  |  |  |  |

 

2

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| **{61}** | Distribution to the  Equity Certificate Holder | **{61}** | 1,908,204.72 |          |
|----------|------------------------------------------------|----------|--------------|---------------|
| **{62}** | Total Distributions                            | **{62}** |         | 32,936,031.04 |

 
| **V.**   | **RECONCILIATION OF RESERVE ACCOUNT:**                    |                                  |     |         |
|----------|-----------------------------------------------------------|---------------------------------------|----------|--------------|
|     |                                                      |                                  |     |         |
| **{63}** | **Beginning of Period Reserve Account  balance**          | **{63}**                              |     | 6,102,382.67 |
| **{64}** | Deposits to Reserve  Account - Subsequent Fundings        | **{64}**                              |     | 0.00         |
|     | **Subtotal**                                              |                                  |     | 6,102,382.67 |
|     | **{65}**                                                  | Reserve Account  Requirement          | **{65}** | 5,851,495.53 |   |
|     | **{66}**                                                  | Reserve Account  Shortfall / (Excess) | **{66}** | (250,887.14) |   |
| **{67}** | **Withdrawals  from Reserve Account**                     | **{67}**                              |     | 0.00         |
| **{68}** | **Deposit  to Reserve Fund, to Required Level**           | **{68}**                              |     | 0.00         |
| **{69}** | Withdrawal of Reserve  Account Release to Available Funds | **{69}**                              |     | (250,887.14) |
| **{70}** | **End of  Period Reserve Account Balance**                | **{70}**                              |     | 5,851,495.53 |
| **{71}** | Change in Reserve  Account Balance from Prior Period      | **{71}**                              |     | (250,887.14) |
| **{72}** | EOP Shortfall                                             | **{72}**                              |     | 0.00         |

 

 

IN WITNESS WHEREOF, theundersigned has duly executed and delivered this Monthly Servicer’s Report asdated below.

 

OFFICERS’ CERTIFICATE

 

The undersigned herebycertifies that (i) he or she is an Authorized Officer of Capital One AutoFinance, Inc. (the "Servicer"),

and (ii) Exhibit A heretocomplies with the requirements of, and is being delivered pursuant to, theSales and Servicing

Agreement dated as of March27, 2003 by and among Capital One Auto Finance, Inc., as Servicer, Capital OnePrime Auto

Receivables Trust 2003-1, asIssuer, Capital One Auto Receivables, LLC, as Seller, and JPMorgan Chase Bankas Indenture

Trustee.

 

CAPITAL ONE AUTO FINANCE,INC.

 

Capital OneAuto Finance, Inc., as Servicer

 
| By:    | /s/ Steve Cunningham     |   |
|--------|--------------------------|--------|
| Name:  | Steve Cunningham         |
| Title: | Assistant Vice President |
| Date:  | 1/12/2004                |

 

3

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**Exhibit A**

 

**Capital One Prime Auto Receivables Trust**

**Automobile Receivable - Backed Notes, Series 2003-1**

**Servicer’s Certificate**

 

Class A-1 1.26% Asset-Backed Notes

Class A-2 1.44% Asset-Backed Notes

Class A-3 1.97% Asset-Backed Notes

Class A-4 2.59% Asset-Backed Notes

Class B 2.33% Asset-Backed Notes

 

**Monthly Period Ending 12/31/2003**

**Distribution Date 01/15/2004**

 
| Monthly Period  Beginning:      | 12/1/2003  |
|---------------------------------|------------|
| Monthly Period Ending:          | 12/31/2003 |
| Prev. Distribution/Close  Date: | 12/15/2003 |
| Days of Interest for  Period:   | 31         |
| Days in Collection  Period      | 31         |
| Months Seasoned:                | 9          |

 
| **I.** | **MONTHLY PERIOD NOTE BALANCE  CALCULATION:** |
|--------|-----------------------------------------------|

 
|    |                              |    | **Class  A-1** | **Class  A-2** | **Class  A-3** | **Class  A-4** | **Class B** | **Total**      |
|---------|-----------------------------------|---------|----------------|----------------|----------------|----------------|-------------|----------------|
| **{1}** | Original Note  Balance            | **{1}** | $220,000,000   | $215,000,000   | $350,000,000   | $192,500,000   | $22,500,000 | $1,000,000,000 |
| **{2}** | Beginning of  Period Note Balance | **{2}** | $0             | $159,274,008   | $350,000,000   | $192,500,000   | $16,153,366 | $717,927,373   |
| **{3}** | End  of Period Note Balance       | **{3}** | $0             | $130,421,986   | $350,000,000   | $192,500,000   | $15,489,253 | $688,411,239   |
| **{4}** | Note  Pool Factors ( {3} / {1})   | **{4}** | 0              | 0.6066         | 1.0000         | 1.0000         | 0.6884      | 0.6884         |

 

 
| **II.**  | **MONTHLY PERIOD AND CUMULATIVE NUMBER  OF RECEIVABLES CALCULATION:**     |
|----------|---------------------------------------------------------------------------|
|     |                                                                      |   |   |   |
|     |                                                                      |   | **Cumulative** | **Period** |
| **{5}**  | Beginning Number of Receivables                                           | **{5}** | 60,188 | 50,958 |
| **{6}**  | Number of Subsequent Receivables Purchased                           | **{6}** | 0 | 0 |
| **{7}**  | Number of Receivables Defaulted During Period                        | **{7}** | 91 | 20 |
| **{8}**  | Number of Receivables Becoming Purchased Receivables  During Period  | **{8}** | 2 | 0 |
| **{9}**  | Number of Receivables Paid Off During period                         | **{9}** | 10,204 | 1,050 |
| **{10}** | Ending Number of Receivables                                         | **{10}** | 49,856 | 49,856 |

 
| **III.** | **STATISTICAL DATA (CURRENT AND  HISTORICAL)**            |
|----------|-----------------------------------------------------------|
|     |                                                      |   |   |   |   |
|     |                                                      |   | **Original** | **Prev. Month** | **Current** |
| **{11}** | Weighted Average APR of the Receivables              | **{11}** | 5.85% | 5.85% | 5.85% |
| **{12}** | Weighted Average Remaining Term of the  Receivables  | **{12}** | 52.58 | 45.23 | 44.38 |
| **{13}** | Weighted Average Original Term of Receivables             | **{13}** | 56.48 | 56.48 | 56.48 |
| **{14}** | Average Receivable Balance                                | **{14}** | 16,615 | 14,088.61 | 13,799 |

 
| **IV.**                                             | **DELINQUENCY**                                                                       |      |        |           |   |
|-----------------------------------------------------|---------------------------------------------------------------------------------------|-----------|-------------|----------------|--------|
|                                                |                                                                                  |      |        |           |   |
| Receivables with Scheduled Payment Delinquent  |                                                                                  | **Units** | **Dollars** | **Percentage** |
| **{15}**                                            | 31-60 Days                                                                            | **{15}**  | 64          | 928,668        | 0.13%  |
| **{16}**                                            | 61-90 Days                                                                            | **{16}**  | 22          | 317,205        | 0.05%  |
| **{17}**                                            | 91-120 Days                                                                           | **{17}**  | 19          | 268,767        | 0.04%  |
| **{18}**                                            | Receivables with Scheduled Payment Delinquent More  Than 61 Days at the End of Period | **{18}**  | 41          | 585,972        | 0.09%  |

 

1

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| **V.**                                 | **PERFORMANCE TESTS:**                                                                                                                                                             |     |           |   |
|----------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|----------------|--------|
|                                   |                                                                                                                                                                               |     |           |
| **Delinquency Ratio: **           |                                                                                                                                                                               |     |           |
|                                   |                                                                                                                                                                               |     |           |
| **{19}**                               | Receivables with Scheduled Payment Delinquent More  Than 61 Days at the Final of Period ( line {18})                                                                     | **{19}** | 585,972        |   |
| **{20}**                               | End of Period Current Principal Balance                                                                                                                                            | **{20}** | 688,411,239.33 |   |
| **{21}**                               | Delinquency Ratio {16} + {17} divided by {20}                                                                                                                                      | **{21}** |           | 0.09%  |
| **{22}**                               | Previous Monthly Period Delinquency Ratio                                                                                                                                     | **{22}** |           | 0.08%  |
| **{23}**                               | Second Previous Monthly Period Delinquency  Ratio                                                                                                                             | **{23}** |           | 0.06%  |
| **{24}**                               | 3 Month Average Delinquency Ratio ({21} + {22} +{23})  / 3)                                                                                                                        | **{24}** |           | 0.07%  |
|                                   |                                                                                                                                                                               |     |           |   |
|                                   | Compliance with the Accelerated Reserve Fund Trigger?  (3 Month Average Delinquency Ratio is less than or equal to  2.25%)         **Yes** |     |
|                                   |                                                                                                                                                                               |     |           |   |
| **Current Net Charge-off Rate: ** |                                                                                                                                                                               |     |           |
|                                   |                                                                                                                                                                               |     |           |   |
| **{25}**                               | Receivables becoming Defaulted Receivables during  period                                                                                                                          | **{25}** | 244,771.45     |   |
| **{26}**                               | Cram Down Losses occurring during period                                                                                                                                      | **{26}** | 0.00           |   |
| **{27}**                               | Liquidation Proceeds collected during period                                                                                                                                  | **{27}** | 6,324.00       |   |
| **{28}**                               | Net Losses during period {25} + {26} - {27}                                                                                                                                        | **{28}** | 238,447.45     |   |
| **{29}**                               | Monthly Annualized Net Charge-Off Ratio ({28} / {20})  *12                                                                                                                         | **{29}** |           | 0.41%  |
| **{30}**                               | Previous Monthly Period Charge-Off Ratio                                                                                                                                           | **{30}** |           | 0.10%  |
| **{31}**                               | Second previous Monthly Period Charge-Off Ratio                                                                                                                                    | **{31}** |           | 0.44%  |
| **{32}**                               | 3 Month Average Net Charge-Off Rate  ({29}+{30}+{31})/3                                                                                                                            | **{32}** |           | 0.31%  |
|                                   |                                                                                                                                                                               |     |           |   |
|                                   | Compliance with the Accelerated Reserve Fund Trigger?  (3 Month Average Net Loss Rate is less than or equal to  2.25%)         **Yes**     |     |

 

2

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