##### 



EXHIBIT 99.3
 Volkswagen Auto Loan Enhanced Trust 2003-2Annual Aggregate Servicer StatementFor the Annual Collection Period ended December, 2005
    
    Jan-05
    
    
    Feb-05
    
    
    Mar-05
    
    
    Apr-05
    
    
    May-05
    
    
    Jun-05B.
    
    SUMMARYBeginning Balance
    
    
    12/31/2005 Balance
    
    
    Note Factor
    
    
    Principal Payment
    
    
    Principal Payment
    
    
    Principal Payment
    
    
    Principal Payment
    
    
    Principal Payment
    
    
    Principal Payment6
    
    Class A-1 Notes
    
    
    269,000,000.00
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    7
    
    Class A-2 Notes
    
    
    345,000,000.00
    
    
    
    
    
    
    
    
    
    
    
    34,815,738.02
    
    
    
    26,583,133.99
    
    
    
    30,229,343.50
    
    
    
    35,831,473.34
    
    
    
    22,220,411.95
    
    
    
    8
    

Class A-3 Notes
    
    
    368,000,000.00
    
    
    
    173,876,397.19
    
    
    
    0.4724902
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    5,539,108.84
    
    
    
    26,947,059.409
    
    Class A-4 Notes
    
    
    279,315,000.00
    
    
    
    279,315,000.00
    
    
    
    1.0000000
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    10
    
    Class B Notes
    
    
    29,033,164.85
    
    
    
    29,033,164.85
    
    
    
    1.0000000
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    11
    
    Total Securities
    
    $
    1,290,348,164.85
    
    
    $
    482,224,562.04
    
    
    
    
    
    
    $
    34,815,738.02
    
    
    $
    26,583,133.99
    
    
    $
    30,229,343.50
    
    
    $
    35,831,473.34
    
    
    $
    27,759,520.79
    
    
    $
    26,947,059.4012
    
    Net Pool Balance
    
    $
    1,354,290,044.71
    
    
    $
    501,234,220.09Coupon Rate
    
    
    Interest Pmt Due
    
    
    Interest Pmt Due
    
    
    Interest Pmt Due
    
    
    Interest Pmt Due
    
    
    Interest Pmt Due
    
    
    Interest Pmt Due13
    
    Class A-1 Notes
    
    
    
    
    
    
    
    
    
    
    1.1456
    %
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    14
    
    Class A-2 Notes
    
    
    
    
    
    
    
    
    
    
    1.5500
    %
    
    
    193,336.80
    
    
    
    148,366.47
    
    
    
    114,029.92
    
    
    
    74,983.69
    
    
    
    28,701.37
    
    
    
    15
    
    Class A-3 Notes
    
    
    
    
    
    
    
    
    
    
    2.2700
    %
    
    
    696,133.33
    
    
    
    696,133.33
    
    
    
    696,133.33
    
    
    
    696,133.33
    
    
    
    696,133.33
    
    
    
    685,655.1916
    
    Class A-4 Notes
    
    
    
    
    
    
    
    
    
    
    2.9400
    %
    
    
    684,321.75
    
    
    
    684,321.75
    
    
    
    684,321.75
    
    
    
    684,321.75
    
    
    
    684,321.75
    
    
    
    684,321.75Total Securities
    
    
    1,573,791.88
    
    
    
    1,528,821.55
    
    
    
    1,494,485.00
    
    
    
    1,455,438.77
    
    
    
    1,409,156.45
    
    
    
    1,369,976.94C.
    
    COLLECTIONS AND AVAILABLE FUNDS17
    
    Scheduled Principal Payments Received
    
    
    24,056,918.47
    
    
    
    19,096,642.52
    
    
    
    20,126,243.43
    
    
    
    23,164,967.95
    
    
    
    18,223,669.89
    
    
    
    17,377,943.4718
    
    Scheduled Interest Payments Received
    
    
    2,669,803.03
    
    
    
    1,999,698.93
    
    
    
    1,988,697.90
    
    
    
    2,260,572.74
    
    
    
    1,750,330.18
    
    
    
    1,674,127.3519
    
    Prepayments of Principal Received
    
    
    201,243.17
    
    
    
    214,818.79
    
    
    
    152,647.77
    
    
    
    186,282.58
    
    
    
    151,013.49
    
    
    
    147,399.8720
    
    Liquidation Proceeds
    
    
    11,589,415.47
    
    
    
    8,522,610.97
    
    
    
    11,242,066.09
    
    
    
    13,631,014.90
    
    
    
    10,534,772.34
    
    
    
    10,585,170.8421
    
    Recoveries Received
    
    
    206,287.90
    
    
    
    170,756.73
    
    
    
    481,098.90
    
    
    
    384,121.86
    
    
    
    218,202.88
    
    
    
    134,704.9622
    
    Other Payments Received to Reduce Principal
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    23
    
    Subtotal: Total Collections
    
    
    38,723,668.04
    
    
    
    30,004,527.94
    
    
    
    33,990,754.09
    
    
    
    39,626,960.03
    
    
    
    30,877,988.78
    
    
    
    29,919,346.4924
    
    Repurchased Receivables
    
    
    
    
    
    
    
    
    
    
    15,824.98
    
    
    
    
    
    
    
    
    
    
    
    25
    
    Reserve Account Excess Amount (Item 85)
    
    
    16,979.34
    
    
    
    16,749.84
    
    
    
    20,812.60
    
    
    
    21,617.64
    
    
    
    23,737.76
    
    
    
    24,002.3826
    
    Total Available Funds, prior to Servicer Advances
    
    
    38,740,647.38
    
    
    
    30,021,277.78
    
    
    
    34,027,391.67
    
    
    
    39,648,577.67
    
    
    
    30,901,726.54
    
    
    
    29,943,348.8727
    
    Servicer Advance (Item 68)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    28
    
    Total Available Funds + Servicer Advance
    
    
    38,740,647.38
    
    
    
    30,021,277.78
    
    
    
    34,027,391.67
    
    
    
    39,648,577.67
    
    
    
    30,901,726.54
    
    
    
    29,943,348.8729
    
    Reserve Account Draw Amount (Item 71)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    30
    
    Total Available Funds + Servicer Advance and Reserve Account Draw Amount
    
    
    38,740,647.38
    
    
    
    30,021,277.78
    
    
    
    34,027,391.67
    
    
    
    39,648,577.67
    
    
    
    30,901,726.54
    
    
    
    29,943,348.87D.
    
    DISTRIBUTIONSDistribution Summary:31
    
    Prior Advance Reimbursement (Item 74)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    32
    
    Servicing Fees (Item 38)
    
    
    688,356.89
    
    
    
    659,343.77
    
    
    
    637,191.16
    
    
    
    612,000.04
    
    
    
    582,140.48
    
    
    
    559,007.5533
    
    Class A Noteholder Interest (Item 47)
    
    
    1,573,791.88
    
    
    
    1,528,821.55
    
    
    
    1,494,485.00
    
    
    
    1,455,438.77
    
    
    
    1,409,156.45
    
    
    
    1,369,976.9434
    
    Principal Distribution Amount (Item 72)
    
    
    34,815,738.02
    
    
    
    26,583,133.99
    
    
    
    30,229,343.50
    
    
    
    35,831,473.34
    
    
    
    27,759,520.79
    
    
    
    26,947,059.4035
    
    Amount Paid to Reserve Account to Reach Specified Balance
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    36
    
    Other Amounts Paid to Trustees
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    37
    
    Remaining Funds to Certificateholder
    
    
    1,662,760.59
    
    
    
    1,249,978.47
    
    
    
    1,666,372.00
    
    
    
    1,749,665.52
    
    
    
    1,150,908.82
    
    
    
    1,067,304.99Distribution Detail:
    

    Paid
    

    
    Paid
    

    
    Paid
    

    
    Paid
    
    

    Paid
    
    

    Paid38
    
    Servicing Fees
    
    
    688,356.89
    
    
    
    659,343.77
    
    
    
    637,191.16
    
    
    
    612,000.04
    
    
    
    582,140.48
    
    
    
    559,007.55Pro rata:39
    
    Class A-1 Interest
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    40
    
    Class A-2 Interest
    
    
    193,336.80
    
    
    
    148,366.47
    
    
    
    114,029.92
    
    
    
    74,983.69
    
    
    
    28,701.37
    
    
    
    41
    
    Class A-3 Interest
    
    
    696,133.33
    
    
    
    696,133.33
    
    
    
    696,133.33
    
    
    
    696,133.33
    
    
    
    696,133.33
    
    
    
    685,655.1942
    
    Class A-4 Interest
    
    
    684,321.75
    
    
    
    684,321.75
    
    
    
    684,321.75
    
    
    
    684,321.75
    
    
    
    684,321.75
    
    
    
    684,321.7543
    
    Class A-1 Interest Carryover Shortfall
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    44
    
    Class A-2 Interest Carryover Shortfall
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    45
    
    Class A-3 Interest Carryover Shortfall
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    46
    
    Class A-4 Interest Carryover Shortfall
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    47
    
    Class A Noteholder Interest
    
    
    1,573,791.88
    
    
    
    1,528,821.55
    
    
    
    1,494,485.00
    
    
    
    1,455,438.77
    
    
    
    1,409,156.45
    
    
    
    1,369,976.94E.
    
    CALCULATIONSCalculation of Principal Distribution Amount:48
    
    Beginning Note Balance  All Classes
    
    
    826,028,265.65
    
    
    
    791,212,527.63
    
    
    
    764,629,393.64
    
    
    
    734,400,050.14
    
    
    
    698,568,576.80
    
    
    
    670,809,056.0149
    
    Beginning Net Pool Balance
    
    
    861,862,470.85
    
    
    
    825,447,537.04
    
    
    
    797,300,539.33
    
    
    
    765,542,853.05
    
    
    
    728,218,740.55
    
    
    
    699,002,485.6450
    
    Receipts of Scheduled Principal
    
    
    (24,056,918.47
    )
    
    
    (19,096,642.52
    )
    
    
    (20,126,243.43
    )
    
    
    (23,164,967.95
    )
    
    
    (18,223,669.89
    )
    
    
    (17,377,943.47
    )51
    
    Receipts of Prepaid Principal
    
    
    (201,243.17
    )
    
    
    (214,818.79
    )
    
    
    (152,647.77
    )
    
    
    (186,282.58
    )
    
    
    (151,013.49
    )
    
    
    (147,399.87
    )52
    
    Liquidation Proceeds
    
    
    (11,589,415.47
    )
    
    
    (8,522,610.97
    )
    
    
    (11,242,066.09
    )
    
    
    (13,631,014.90
    )
    
    
    (10,534,772.34
    )
    
    
    (10,585,170.84
    )53
    
    Other Collections of Principal
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    54
    
    Principal Amount of Repurchases
    
    
    
    
    
    
    
    
    
    
    (15,824.98
    )
    
    
    
    
    
    
    
    
    
    
    55
    
    Principal Amount of Defaulted and Terminated Receivables
    
    
    (567,356.70
    )
    
    
    (312,925.43
    )
    
    
    (220,904.01
    )
    
    
    (341,847.07
    )
    
    
    (306,799.19
    )
    
    
    (257,176.66
    )56
    
    Ending Net Pool Balance
    
    
    825,447,537.04
    
    
    
    797,300,539.33
    
    
    
    765,542,853.05
    
    
    
    728,218,740.55
    
    
    
    699,002,485.64
    
    
    
    670,634,794.8057
    
    Yield Supplement Overcollateralization Amount
    
    
    34,235,009.41
    
    
    
    32,671,145.69
    
    
    
    31,142,802.91
    
    
    
    29,650,163.75
    
    
    
    28,193,429.63
    
    
    
    26,772,798.1958
    
    Adjusted Pool Balance
    
    
    791,212,527.63
    
    
    
    764,629,393.64
    
    
    
    734,400,050.14
    
    
    
    698,568,576.80
    
    
    
    670,809,056.01
    
    
    
    643,861,996.6160
    
    Calculated Principal Distribution Amount (BOP Note Bal. Less Adj. Pool Bal EOP)
    
    
    34,815,738.02
    
    
    
    26,583,133.99
    
    
    
    30,229,343.50
    
    
    
    35,831,473.34
    
    
    
    27,759,520.79
    
    
    
    26,947,059.40




---



##### 



EXHIBIT 99.3
 Volkswagen Auto Loan Enhanced Trust 2003-2Annual Aggregate Servicer StatementFor the Annual Collection Period ended December, 2005
    
    
    
    
    
    
    
    
    
    
    Jan-05
    
    
    Feb-05
    
    
    Mar-05
    
    
    Apr-05
    
    
    May-05
    
    
    Jun-05Calculation of Servicer Advance:61
    
    Available Funds, prior to Servicer Advances (Item 26)
    
    
    38,740,647.38
    
    
    
    30,021,277.78
    
    
    
    34,027,391.67
    
    
    
    39,648,577.67
    
    
    
    30,901,726.54
    
    
    
    29,943,348.8762
    
    Less: Prior Advance Reimbursement (Item 31)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    63
    
    Less: Servicing Fees Paid (Item 32)
    
    
    688,356.89
    
    
    
    659,343.77
    
    
    
    637,191.16
    
    
    
    612,000.04
    
    
    
    582,140.48
    
    
    
    559,007.5564
    
    Less: Interest Paid to Noteholders (Item 33)
    
    
    1,573,791.88
    
    
    
    1,528,821.55
    
    
    
    1,494,485.00
    
    
    
    1,455,438.77
    
    
    
    1,409,156.45
    
    
    
    1,369,976.9465
    
    Less: Calculated Principal Distribution (Item 60)
    
    
    34,815,738.02
    
    
    
    26,583,133.99
    
    
    
    30,229,343.50
    
    
    
    35,831,473.34
    
    
    
    27,759,520.79
    
    
    
    26,947,059.4066
    
    Equals: Remaining Available Funds before Servicer Advance
    
    
    1,662,760.59
    
    
    
    1,249,978.47
    
    
    
    1,666,372.00
    
    
    
    1,749,665.52
    
    
    
    1,150,908.82
    
    
    
    1,067,304.9967
    
    Monthly Loan Payments Due on Included Units but not received (N/A if Item 66 > 0)
    
    
    N/A
    
    
    
    N/A
    
    
    
    N/A
    
    
    
    N/A
    
    
    
    N/A
    
    
    
    N/A68
    
    Servicer Advance (If Item 66 < 0, lesser of Item 66 and Item 67, else 0)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Calculation of Reserve Account Draw Amount:69
    
    Remaining Available Funds, before Reserve Account Draw (Item 66 plus Item 68)
    
    
    1,662,760.59
    
    
    
    1,249,978.47
    
    
    
    1,666,372.00
    
    
    
    1,749,665.52
    
    
    
    1,150,908.82
    
    
    
    1,067,304.9970
    
    Available Funds Shortfall Amount (If Item 69 < 0, Item 69, else 0)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    71
    
    Reserve Account Draw Amount (If Item 70 is > 0, Lesser of Reserve Acct Balance and Item 70)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    72
    
    Principal Distribution Amount (Item 60  Available Funds Shortfall + Reserve Account Draw Amt)
    
    
    34,815,738.02
    
    
    
    26,583,133.99
    
    
    
    30,229,343.50
    
    
    
    35,831,473.34
    
    
    
    27,759,520.79
    
    
    
    26,947,059.40Reconciliation of Servicer Advance:73
    
    Beginning Balance of Servicer Advance
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    74
    
    Less: Prior Advance Reimbursement
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    75
    
    Plus: Additional Payment Advances for Current Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    76
    
    Ending Balance of Payment Advance
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    F.
    
    RESERVE ACCOUNTReserve Account Balances:77
    
    Specified Reserve Account Balance
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.2478
    
    Initial Reserve Account Balance
    
    
    6,451,740.82
    
    
    
    6,451,740.82
    
    
    
    6,451,740.82
    
    
    
    6,451,740.82
    
    
    
    6,451,740.82
    
    
    
    6,451,740.8279
    
    Beginning Reserve Account Balance
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.2480
    
    Plus: Net Investment Income for the Collection Period
    
    
    16,979.34
    
    
    
    16,749.84
    
    
    
    20,812.60
    
    
    
    21,617.64
    
    
    
    23,737.76
    
    
    
    24,002.3881
    
    Subtotal: Reserve Fund Available for Distribution
    
    
    9,694,590.58
    
    
    
    9,694,361.08
    
    
    
    9,698,423.84
    
    
    
    9,699,228.88
    
    
    
    9,701,349.00
    
    
    
    9,701,613.6282
    
    Plus: Deposit of Excess Available Funds (Item 35)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    83
    
    Less: Reserve Account Draw Amount (Item 71)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    84
    
    Subtotal Reserve Account Balance
    
    
    9,694,590.58
    
    
    
    9,694,361.08
    
    
    
    9,698,423.84
    
    
    
    9,699,228.88
    
    
    
    9,701,349.00
    
    
    
    9,701,613.6285
    
    Less: Reserve Account Excess Amount to Available Funds (If Item 84 > Item 77)
    
    
    16,979.34
    
    
    
    16,749.84
    
    
    
    20,812.60
    
    
    
    21,617.64
    
    
    
    23,737.76
    
    
    
    24,002.3886
    
    Equals: Ending Reserve Account Balance
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.2487
    
    Change in Reserve Account Balance from Immediately Preceding Payment Date
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    G.
    
    POOL STATISTICSCollateral Pool Balance Data:88
    
    Net Pool Balance
    
    
    825,447,537
    
    
    
    797,300,539
    
    
    
    765,542,853
    
    
    
    728,218,741
    
    
    
    699,002,486
    
    
    
    670,634,79589
    
    Number of Current Contracts
    
    
    58,074
    
    
    
    57,378
    
    
    
    56,474
    
    
    
    55,318
    
    
    
    54,366
    
    
    
    53,41090
    
    Weighted Average Loan Rate
    
    
    3.17
    %
    
    
    3.16
    %
    
    
    3.16
    %
    
    
    3.15
    %
    
    
    3.14
    %
    
    
    3.13
    %91
    
    Average Remaining Term
    
    
    40.6
    
    
    
    39.7
    
    
    
    38.7
    
    
    
    37.6
    
    
    
    36.8
    
    
    
    35.992
    
    Average Original Term
    
    
    58.9
    
    
    
    59.0
    
    
    
    59.0
    
    
    
    59.1
    
    
    
    59.1
    
    
    
    59.1OutstandingPrincipal Balance
    
    
    OutstandingPrincipal Balance
    
    
    OutstandingPrincipal Balance
    
    
    OutstandingPrincipal Balance
    
    
    OutstandingPrincipal Balance
    
    
    OutstandingPrincipal BalanceNet Credit Loss and Repossession Activity*:93
    
    Aggregate Outstanding Principal Balance of Charged Off Receivables
    
    
    567,357
    
    
    
    312,925
    
    
    
    220,904
    
    
    
    341,847
    
    
    
    306,799
    
    
    
    257,17794
    
    Liquidation Proceeds on Related Vehicles
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    95
    
    Recoveries Received on Receivables Previously Charged Off
    
    
    206,288
    
    
    
    170,757
    
    
    
    481,099
    
    
    
    384,122
    
    
    
    218,203
    
    
    
    134,70596
    
    Net Principal Losses for Current Collection Period
    
    
    361,069
    
    
    
    142,169
    
    
    
    (260,195
    )
    
    
    (42,275
    )
    
    
    88,596
    
    
    
    122,47297
    
    Beginning Net Principal Losses*
    
    
    4,141,205
    
    
    
    4,502,274
    
    
    
    4,644,443
    
    
    
    4,384,248
    
    
    
    4,341,973
    
    
    
    4,430,56998
    
    Net Principal Losses for Current Collection Period
    
    
    361,069
    
    
    
    142,169
    
    
    
    (260,195
    )
    
    
    (42,275
    )
    
    
    88,596
    
    
    
    122,47299
    
    Cumulative Net Principal Losses*
    
    
    4,502,274
    
    
    
    4,644,443
    
    
    
    4,384,248
    
    
    
    4,341,973
    
    
    
    4,430,569
    
    
    
    4,553,041Delinquencies Aging
Profile  End of Period:100
    
    Current
    
    
    821,193,586
    
    
    
    793,952,657
    
    
    
    762,638,841
    
    
    
    725,048,854
    
    
    
    695,730,187
    
    
    
    666,776,031101
    
    31 - 60 Days Delinquent
    
    
    4,050,718
    
    
    
    3,003,766
    
    
    
    2,696,397
    
    
    
    2,815,432
    
    
    
    2,965,078
    
    
    
    3,435,221102
    
    61 - 90 Days Delinquent
    
    
    203,233
    
    
    
    344,117
    
    
    
    207,615
    
    
    
    354,455
    
    
    
    307,221
    
    
    
    423,543103
    
    Total
    
    
    825,447,537
    
    
    
    797,300,539
    
    
    
    765,542,853
    
    
    
    728,218,741
    
    
    
    699,002,486
    
    
    
    670,634,795*Net Credit Loss
and Repossession Activity reflects changes to the calculation of recoveries received:Beginning Net Principal Losses (As Reported)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,967,657Beginning Net Principal Losses (Revised)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    4,141,205Cumulative Net Principal Losses (As Reported)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    2,328,725Cumulative Net Principal Losses (Revised)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    4,502,274




---



##### 



EXHIBIT 99.3
 Volkswagen Auto Loan Enhanced Trust 2003-2Annual Aggregate Servicer StatementFor the Annual Collection Period ended December, 2005
    
    Jul-05
    
    
    Aug-05
    
    
    Sep-05
    
    
    Oct-05
    
    
   Nov-05
    
    
       Dec-05
    
    
        TotalB.
    
    SUMMARYBeginning Balance
    
    
    12/31/2005 Balance
    
    
    Note Factor
    
    
    Principal Payment
    
    
    Principal Payment
    
    
    Principal Payment
    
    
    Principal Payment
    
    
    Principal Payment
    
    
    Principal Payment
    
    
    Principal
Payment6
    
    Class A-1 Notes
    
    
    269,000,000.00
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    7
    
    Class A-2 Notes
    
    
    345,000,000.00
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    149,680,100.808
    
    Class A-3 Notes
    
    
    368,000,000.00
    
    
    
    173,876,397.19
    
    
    
    0.4724902
    
    
    
    34,718,116.06
    
    
    
    26,677,105.51
    
    
    
    31,369,600.71
    
    
    
    23,361,616.60
    
    
    
    22,706,397.63
    
    
    
    22,804,598.06
    
    
    
    194,123,602.819
    
    Class A-4 Notes
    
    
    279,315,000.00
    
    
    
    279,315,000.00
    
    
    
    1.0000000
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    10
    
    Class B Notes
    
    
    29,033,164.85
    
    
    
    29,033,164.85
    
    
    
    1.0000000
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    11
    
    Total Securities
    
    $
    1,290,348,164.85
    
    
    $
    482,224,562.04
    
    
    
    
    
    
    $
    34,718,116.06
    
    
    $
    26,677,105.51
    
    
    $
    31,369,600.71
    
    
    $
    23,361,616.60
    
    
    $
    22,706,397.63
    
    
    $
    22,804,598.06
    
    
    $
    343,803,703.6112
    
    Net Pool Balance
    
    $
    1,354,290,044.71
    
    
    $
    501,234,220.09Coupon Rate
    
    
    Interest Pmt Due
    
    
    Interest Pmt Due
    
    
    Interest Pmt Due
    
    
    Interest Pmt Due
    
    
    Interest Pmt Due
    
    
    Interest Pmt Due
    
    
    Interest Pmt Due13
    
    Class A-1 Notes
    
    
    
    
    
    
    
    
    
    
    1.1456
    %
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    14
    
    Class A-2 Notes
    
    
    
    
    
    
    
    
    
    
    1.5500
    %
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    559,418.2415
    
    Class A-3 Notes
    
    
    
    
    
    
    
    
    
    
    2.2700
    %
    
    
    634,680.33
    
    
    
    569,005.23
    
    
    
    518,541.04
    
    
    
    459,200.21
    
    
    
    415,007.82
    
    
    
    372,054.88
    
    
    
    7,134,811.3616
    
    Class A-4 Notes
    
    
    
    
    
    
    
    
    
    
    2.9400
    %
    
    
    684,321.75
    
    
    
    684,321.75
    
    
    
    684,321.75
    
    
    
    684,321.75
    
    
    
    684,321.75
    
    
    
    684,321.75
    
    
    
    8,211,861.00Total Securities
    
    
    1,319,002.08
    
    
    
    1,253,326.98
    
    
    
    1,202,862.79
    
    
    
    1,143,521.96
    
    
    
    1,099,329.57
    
    
    
    1,056,376.63
    
    
    
    15,906,090.60C.
    
    COLLECTIONS AND AVAILABLE FUNDS17
    
    Scheduled Principal Payments Received
    
    
    21,844,338.47
    
    
    
    16,712,120.46
    
    
    
    20,247,079.44
    
    
    
    16,508,915.64
    
    
    
    15,775,783.90
    
    
    
    15,972,520.04
    
    
    
    229,107,143.6818
    
    Scheduled Interest Payments Received
    
    
    2,025,259.22
    
    
    
    1,498,502.62
    
    
    
    1,797,698.03
    
    
    
    1,378,821.10
    
    
    
    1,279,658.42
    
    
    
    1,258,097.22
    
    
    
    21,581,266.7419
    
    Prepayments of Principal Received
    
    
    131,272.38
    
    
    
    154,626.35
    
    
    
    137,117.97
    
    
    
    138,699.50
    
    
    
    145,927.84
    
    
    
    133,831.51
    
    
    
    1,894,881.2220
    
    Liquidation Proceeds
    
    
    13,746,736.47
    
    
    
    10,969,470.73
    
    
    
    11,715,629.07
    
    
    
    7,641,566.94
    
    
    
    7,726,222.31
    
    
    
    7,524,951.48
    
    
    
    125,429,627.6121
    
    Recoveries Received
    
    
    231,851.94
    
    
    
    125,403.29
    
    
    
    158,266.91
    
    
    
    256,952.89
    
    
    
    176,819.39
    
    
    
    188,306.84
    
    
    
    2,732,774.4922
    
    Other Payments Received to Reduce Principal
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    23
    
    Subtotal: Total Collections
    
    
    37,979,458.48
    
    
    
    29,460,123.45
    
    
    
    34,055,791.42
    
    
    
    25,924,956.07
    
    
    
    25,104,411.86
    
    
    
    25,077,707.09
    
    
    
    380,745,693.7424
    
    Repurchased Receivables
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    15,824.9825
    
    Reserve Account Excess Amount (Item 85)
    
    
    26,251.19
    
    
    
    27,772.20
    
    
    
    28,142.39
    
    
    
    30,431.76
    
    
    
    31,114.54
    
    
    
    33,735.56
    
    
    
    301,347.2026
    
    Total Available Funds, prior to Servicer Advances
    
    
    38,005,709.67
    
    
    
    29,487,895.65
    
    
    
    34,083,933.81
    
    
    
    25,955,387.83
    
    
    
    25,135,526.40
    
    
    
    25,111,442.65
    
    
    
    381,062,865.9227
    
    Servicer Advance (Item 68)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    28
    
    Total Available Funds + Servicer Advance
    
    
    38,005,709.67
    
    
    
    29,487,895.65
    
    
    
    34,083,933.81
    
    
    
    25,955,387.83
    
    
    
    25,135,526.40
    
    
    
    25,111,442.65
    
    
    
    381,062,865.9229
    
    Reserve Account Draw Amount (Item 71)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    30
    
    Total Available Funds + Servicer Advance and Reserve Account Draw Amount
    
    
    38,005,709.67
    
    
    
    29,487,895.65
    
    
    
    34,083,933.81
    
    
    
    25,955,387.83
    
    
    
    25,135,526.40
    
    
    
    25,111,442.65
    
    
    
    381,062,865.92D.
    
    DISTRIBUTIONSDistribution Summary:31
    
    Prior Advance Reimbursement (Item 74)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    32
    
    Servicing Fees (Item 38)
    
    
    536,551.66
    
    
    
    507,619.90
    
    
    
    485,388.98
    
    
    
    459,247.65
    
    
    
    439,779.63
    
    
    
    420,857.63
    
    
    
    6,587,485.3533
    
    Class A Noteholder Interest (Item 47)
    
    
    1,319,002.08
    
    
    
    1,253,326.98
    
    
    
    1,202,862.79
    
    
    
    1,143,521.96
    
    
    
    1,099,329.57
    
    
    
    1,056,376.63
    
    
    
    15,906,090.6034
    
    Principal Distribution Amount (Item 72)
    
    
    34,718,116.06
    
    
    
    26,677,105.51
    
    
    
    31,369,600.71
    
    
    
    23,361,616.60
    
    
    
    22,706,397.63
    
    
    
    22,804,598.06
    
    
    
    343,803,703.6135
    
    Amount Paid to Reserve Account to Reach Specified Balance
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    36
    
    Other Amounts Paid to Trustees
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    37
    
    Remaining Funds to Certificateholder
    
    
    1,432,039.86
    
    
    
    1,049,843.26
    
    
    
    1,026,081.33
    
    
    
    991,001.63
    
    
    
    890,019.57
    
    
    
    829,610.32
    
    
    
    14,765,586.37Distribution Detail:
    
    Paid
    
    
    Paid
    
    
    Paid
    
    
    Paid
    
    
    Paid
    
    
    Paid38
    
    Servicing Fees
    
    
    536,551.66
    
    
    
    507,619.90
    
    
    
    485,388.98
    
    
    
    459,247.65
    
    
    
    439,779.63
    
    
    
    420,857.63
    
    
    
    6,587,485.35Pro rata:39
    
    Class A-1 Interest
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    40
    
    Class A-2 Interest
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    559,418.2441
    
    Class A-3 Interest
    
    
    634,680.33
    
    
    
    569,005.23
    
    
    
    518,541.04
    
    
    
    459,200.21
    
    
    
    415,007.82
    
    
    
    372,054.88
    
    
    
    7,134,811.3642
    
    Class A-4 Interest
    
    
    684,321.75
    
    
    
    684,321.75
    
    
    
    684,321.75
    
    
    
    684,321.75
    
    
    
    684,321.75
    
    
    
    684,321.75
    
    
    
    8,211,861.0043
    
    Class A-1 Interest Carryover Shortfall
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    44
    
    Class A-2 Interest Carryover Shortfall
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    45
    
    Class A-3 Interest Carryover Shortfall
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    46
    
    Class A-4 Interest Carryover Shortfall
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    47
    
    Class A Noteholder Interest
    
    
    1,319,002.08
    
    
    
    1,253,326.98
    
    
    
    1,202,862.79
    
    
    
    1,143,521.96
    
    
    
    1,099,329.57
    
    
    
    1,056,376.63
    
    
    
    15,906,090.60E.
    
    CALCULATIONSCalculation of Principal Distribution Amount:48
    
    Beginning Note Balance  All Classes
    
    
    643,861,996.61
    
    
    
    609,143,880.55
    
    
    
    582,466,775.04
    
    
    
    551,097,174.33
    
    
    
    527,735,557.73
    
    
    
    505,029,160.1049
    
    Beginning Net Pool Balance
    
    
    670,634,794.80
    
    
    
    634,532,269.81
    
    
    
    606,506,963.58
    
    
    
    573,825,368.88
    
    
    
    549,187,970.08
    
    
    
    525,241,987.37
    
    
    
    861,862,470.8550
    
    Receipts of Scheduled Principal
    
    
    (21,844,338.47
    )
    
    
    (16,712,120.46
    )
    
    
    (20,247,079.44
    )
    
    
    (16,508,915.64
    )
    
    
    (15,775,783.90
    )
    
    
    (15,972,520.04
    )
    
    
    (229,107,143.68
    )51
    
    Receipts of Prepaid Principal
    
    
    (131,272.38
    )
    
    
    (154,626.35
    )
    
    
    (137,117.97
    )
    
    
    (138,699.50
    )
    
    
    (145,927.84
    )
    
    
    (133,831.51
    )
    
    
    (1,894,881.22
    )52
    
    Liquidation Proceeds
    
    
    (13,746,736.47
    )
    
    
    (10,969,470.73
    )
    
    
    (11,715,629.07
    )
    
    
    (7,641,566.94
    )
    
    
    (7,726,222.31
    )
    
    
    (7,524,951.48
    )
    
    
    (125,429,627.61
    )53
    
    Other Collections of Principal
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    54
    
    Principal Amount of Repurchases
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (15,824.98
    )55
    
    Principal Amount of Defaulted and Terminated Receivables
    
    
    (380,177.67
    )
    
    
    (189,088.69
    )
    
    
    (581,768.22
    )
    
    
    (348,216.72
    )
    
    
    (298,048.66
    )
    
    
    (376,464.25
    )
    
    
    (4,180,773.27
    )56
    
    Ending Net Pool Balance
    
    
    634,532,269.81
    
    
    
    606,506,963.58
    
    
    
    573,825,368.88
    
    
    
    549,187,970.08
    
    
    
    525,241,987.37
    
    
    
    501,234,220.09
    
    
    
    501,234,220.0957
    
    Yield Supplement Overcollateralization Amount
    
    
    25,388,389.26
    
    
    
    24,040,188.54
    
    
    
    22,728,194.55
    
    
    
    21,452,412.35
    
    
    
    20,212,827.27
    
    
    
    19,009,658.05
    
    
    
    19,009,658.0558
    
    Adjusted Pool Balance
    
    
    609,143,880.55
    
    
    
    582,466,775.04
    
    
    
    551,097,174.33
    
    
    
    527,735,557.73
    
    
    
    505,029,160.10
    
    
    
    482,224,562.04
    
    
    
    482,224,562.0460
    
    Calculated Principal
Distribution Amount (BOP Note Bal. Less Adj. Pool Bal EOP)
    
    
    34,718,116.06
    
    
    
    26,677,105.51
    
    
    
    31,369,600.71
    
    
    
    23,361,616.60
    
    
    
    22,706,397.63
    
    
    
    22,804,598.06
    
    
    
    343,803,703.61




---



##### 



EXHIBIT 99.3
 Volkswagen Auto Loan Enhanced Trust 2003-2Annual Aggregate Servicer StatementFor the Annual Collection Period ended December, 2005
    
    
    
    
    
    
    
    
    
    
    Jul-05
    
    
    Aug-05
    
    
    Sep-05
    
    
    Oct-05
    
    
   Nov-05
    
    
    Dec-05
    
    
    TotalCalculation of Servicer Advance:61
    
    Available Funds, prior to Servicer Advances (Item 26)
    
    
    38,005,709.67
    
    
    
    29,487,895.65
    
    
    
    34,083,933.81
    
    
    
    25,955,387.83
    
    
    
    25,135,526.40
    
    
    
    25,111,442.6562
    
    Less: Prior Advance Reimbursement (Item 31)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    63
    
    Less: Servicing Fees Paid (Item 32)
    
    
    536,551.66
    
    
    
    507,619.90
    
    
    
    485,388.98
    
    
    
    459,247.65
    
    
    
    439,779.63
    
    
    
    420,857.6364
    
    Less: Interest Paid to Noteholders (Item 33)
    
    
    1,319,002.08
    
    
    
    1,253,326.98
    
    
    
    1,202,862.79
    
    
    
    1,143,521.96
    
    
    
    1,099,329.57
    
    
    
    1,056,376.6365
    
    Less: Calculated Principal Distribution (Item 60)
    
    
    34,718,116.06
    
    
    
    26,677,105.51
    
    
    
    31,369,600.71
    
    
    
    23,361,616.60
    
    
    
    22,706,397.63
    
    
    
    22,804,598.0666
    
    Equals: Remaining Available Funds before Servicer Advance
    
    
    1,432,039.86
    
    
    
    1,049,843.26
    
    
    
    1,026,081.33
    
    
    
    991,001.63
    
    
    
    890,019.57
    
    
    
    829,610.3267
    
    Monthly Loan Payments Due on Included Units but not received (N/A if Item 66 > 0)
    
    
    N/A
    
    
    
    N/A
    
    
    
    N/A
    
    
    
    N/A
    
    
    
    N/A
    
    
    
    N/A68
    
    Servicer Advance (If Item 66 < 0, lesser of Item 66 and Item 67, else 0)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Calculation of Reserve Account Draw Amount:69
    
    Remaining Available Funds, before Reserve Account Draw (Item 66 plus Item 68)
    
    
    1,432,039.86
    
    
    
    1,049,843.26
    
    
    
    1,026,081.33
    
    
    
    991,001.63
    
    
    
    890,019.57
    
    
    
    829,610.32
    
    
    
    14,765,586.3770
    
    Available Funds Shortfall Amount (If Item 69 < 0, Item 69, else 0)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    71
    
    Reserve Account Draw Amount (If Item 70 is > 0, Lesser of Reserve Acct Balance and Item 70)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    72
    
    Principal
Distribution Amount (Item 60 - Available Funds Shortfall +
Reserve Account Draw Amt)
    
    
    34,718,116.06
    
    
    
    26,677,105.51
    
    
    
    31,369,600.71
    
    
    
    23,361,616.60
    
    
    
    22,706,397.63
    
    
    
    22,804,598.06
    
    
    
    343,803,703.61Reconciliation of Servicer Advance:73
    
    Beginning Balance of Servicer Advance
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    74
    
    Less: Prior Advance Reimbursement
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    75
    
    Plus: Additional Payment Advances for Current Period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    76
    
    Ending Balance of Payment Advance
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    F.
    
    RESERVE ACCOUNTReserve Account Balances:77
    
    Specified Reserve Account Balance
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.2478
    
    Initial Reserve Account Balance
    
    
    6,451,740.82
    
    
    
    6,451,740.82
    
    
    
    6,451,740.82
    
    
    
    6,451,740.82
    
    
    
    6,451,740.82
    
    
    
    6,451,740.82
    
    
    
    6,451,740.8279
    
    Beginning Reserve Account Balance
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.2480
    
    Plus: Net Investment Income for the Collection Period
    
    
    26,251.19
    
    
    
    27,772.20
    
    
    
    28,142.39
    
    
    
    30,431.76
    
    
    
    31,114.54
    
    
    
    33,735.56
    
    
    
    301,347.2081
    
    Subtotal: Reserve Fund Available for Distribution
    
    
    9,703,862.43
    
    
    
    9,705,383.44
    
    
    
    9,705,753.63
    
    
    
    9,708,043.00
    
    
    
    9,708,725.78
    
    
    
    9,711,346.80
    
    
    
    9,978,958.4482
    
    Plus: Deposit of Excess Available Funds (Item 35)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    83
    
    Less: Reserve Account Draw Amount (Item 71)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    84
    
    Subtotal Reserve Account Balance
    
    
    9,703,862.43
    
    
    
    9,705,383.44
    
    
    
    9,705,753.63
    
    
    
    9,708,043.00
    
    
    
    9,708,725.78
    
    
    
    9,711,346.80
    
    
    
    9,978,958.4485
    
    Less: Reserve Account Excess Amount to Available Funds (If Item 84 > Item 77)
    
    
    26,251.19
    
    
    
    27,772.20
    
    
    
    28,142.39
    
    
    
    30,431.76
    
    
    
    31,114.54
    
    
    
    33,735.56
    
    
    
    301,347.2086
    
    Equals: Ending Reserve Account Balance
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.24
    
    
    
    9,677,611.2487
    
    Change in Reserve Account Balance from Immediately Preceding Payment Date
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    G.
    
    POOL STATISTICSCollateral Pool Balance Data:88
    
    Net Pool Balance
    
    
    634,532,270
    
    
    
    606,506,964
    
    
    
    573,825,369
    
    
    
    549,187,970
    
    
    
    525,241,987
    
    
    
    501,234,22089
    
    Number of Current Contracts
    
    
    52,099
    
    
    
    51,066
    
    
    
    49,961
    
    
    
    49,192
    
    
    
    48,405
    
    
    
    47,62690
    
    Weighted Average Loan Rate
    
    
    3.12
    %
    
    
    3.12
    %
    
    
    3.11
    %
    
    
    3.10
    %
    
    
    3.09
    %
    
    
    3.09
    %91
    
    Average Remaining Term
    
    
    34.8
    
    
    
    33.9
    
    
    
    32.9
    
    
    
    32.0
    
    
    
    31.1
    
    
    
    30.292
    
    Average Original Term
    
    
    59.2
    
    
    
    59.2
    
    
    
    59.2
    
    
    
    59.3
    
    
    
    59.3
    
    
    
    59.4Outstanding
    
    
    Outstanding
    
    
    Outstanding
    
    
    Outstanding
    
    
    Outstanding
    
    
    OutstandingPrincipal Balance
    
    
    Principal Balance
    
    
    Principal Balance
    
    
    Principal Balance
    
    
    Principal Balance
    
    
    Principal Balance
    
    
    TotalNet Credit Loss and Repossession Activity*:93
    
    Aggregate Outstanding Principal Balance of Charged Off Receivables
    
    
    380,178
    
    
    
    189,089
    
    
    
    581,768
    
    
    
    348,217
    
    
    
    298,049
    
    
    
    376,464
    
    
    
    4,180,77394
    
    Liquidation Proceeds on Related Vehicles
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    95
    
    Recoveries Received on Receivables Previously Charged Off
    
    
    231,852
    
    
    
    125,403
    
    
    
    158,267
    
    
    
    256,953
    
    
    
    176,819
    
    
    
    188,307
    
    
    
    2,732,77596
    
    Net Principal Losses for Current Collection Period
    
    
    148,326
    
    
    
    63,685
    
    
    
    423,501
    
    
    
    91,264
    
    
    
    121,229
    
    
    
    188,157
    
    
    
    1,447,99997
    
    Beginning Net Principal Losses*
    
    
    4,553,041
    
    
    
    4,701,367
    
    
    
    4,765,052
    
    
    
    5,188,553
    
    
    
    5,279,817
    
    
    
    5,401,04698
    
    Net Principal Losses for Current Collection Period
    
    
    148,326
    
    
    
    63,685
    
    
    
    423,501
    
    
    
    91,264
    
    
    
    121,229
    
    
    
    188,15799
    
    Cumulative Net Principal Losses*
    
    
    4,701,367
    
    
    
    4,765,052
    
    
    
    5,188,553
    
    
    
    5,279,817
    
    
    
    5,401,046
    
    
    
    5,589,204Delinquencies Aging Profile  End of Period:100
    
    Current
    
    
    630,544,076
    
    
    
    601,993,697
    
    
    
    569,341,725
    
    
    
    545,187,583
    
    
    
    520,753,752
    
    
    
    496,768,498101
    
    31 - 60 Days Delinquent
    
    
    3,534,333
    
    
    
    4,047,995
    
    
    
    3,970,169
    
    
    
    3,576,313
    
    
    
    3,950,267
    
    
    
    4,022,685102
    
    61 - 90 Days Delinquent
    
    
    453,861
    
    
    
    465,271
    
    
    
    513,475
    
    
    
    424,074
    
    
    
    537,968
    
    
    
    443,037103
    
    Total
    
    
    634,532,270
    
    
    
    606,506,964
    
    
    
    573,825,369
    
    
    
    549,187,970
    
    
    
    525,241,987
    
    
    
    501,234,220*Net Credit Loss
and Repossession Activity reflects changes to the calculation of recoveries received:Beginning Net Principal Losses (As Reported)Beginning Net Principal Losses (Revised)Cumulative Net Principal Losses (As Reported)Cumulative Net Principal Losses (Revised)