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                                                                    EXHIBIT 99.2

INDEPENDENT ACCOUNTANTS' REPORT

To the Board of Directors of
         Bay View Acceptance Corporation

We have examined management's assertion that Bay View Acceptance Corporation
(the "Company") has complied as of and for the year ended December 31, 2003,
with its established minimum servicing standards described in the accompanying
Management's Assertion dated March 12, 2004. Management is responsible for the
Company's compliance with those minimum servicing standards. Our responsibility
is to express an opinion on management's assertion about the Company's
compliance based on our examination.

Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence about the Company's
compliance with its minimum servicing standards and performing such other
procedures as we considered necessary in the circumstances. We believe that our
examination provides a reasonable basis for our opinion. Our examination does
not provide a legal determination on the Company's compliance with its minimum
servicing standards.

In our opinion, management's assertion that the Company complied with the
aforementioned minimum servicing standards as of and for the year ended December
31, 2003, is fairly stated, in all material respects based on the criteria set
forth in Appendix I.

/s/ Deloitte & Touche LLP

San Francisco, California
March 12, 2004
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MANAGEMENT'S ASSERTION

March 12, 2004

As of and for the year ended December 31, 2003, Bay View Acceptance Corporation
(the "Company") has complied, in all material respects, with the Company's
established minimum servicing standards for automobile loans as set forth in
Appendix I (the "Minimum Servicing Standards"). The Minimum Servicing Standards
are based on the Mortgage Banker's Association of America's Uniform Single
Attestation Program for Mortgage Bankers, modified to address the unique
characteristics of servicing automobile loans.

As of and for this same period, the Company was covered by a fidelity bond in
the amount of $15,000,000 per loss/$30,000,000 in the aggregate.

<TABLE>
<S>                                             <C>
/s/ Charles G. Cooper                           /s/ John Okubo
------------------------------------            ---------------------------------------
Charles G. Cooper                               John Okubo
Executive Vice President                        Executive Vice President
                                                Chief Financial Officer

/s/ Michael Flashner                            /s/ Lisa Staab
------------------------------------            ---------------------------------------
Michael Flashner                                Lisa Staab
Senior Vice President                           Vice President
Director of Loan Servicing                      Controller
</TABLE>
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APPENDIX I

BAY VIEW ACCEPTANCE CORPORATION'S MINIMUM SERVICING STANDARDS FOR SERVICING
AUTOMOBILE LOANS

I.       CUSTODIAL BANK ACCOUNTS

1.       Reconciliations shall be prepared on a monthly basis for all custodial
         bank accounts and related bank clearing accounts. These reconciliations
         shall:

         -        be mathematically accurate;

         -        be prepared within forty-five (45) calendar days after the
                  cutoff date;

         -        be reviewed and approved by someone other than the person who
                  prepared the reconciliation; and

         -        document explanations for reconciling items. These reconciling
                  items shall be resolved within ninety (90) calendar days of
                  their original identification.

2.       Funds of Bay View Acceptance Corporation (the "Company" or "Servicer")
         shall be advanced in cases where there is an overdraft in an investor's
         or a borrower's account.

3.       Each custodial account shall be maintained at a federally insured
         depository institution in trust for the applicable investor.

II.      PAYMENTS

1.       Payments shall be deposited into the custodial bank accounts and
         related bank clearing accounts within two business days of receipt.

2.       Payments made in accordance with the borrower's auto contracts shall be
         posted to the applicable borrower's records within two business days of
         receipt.

3.       Payments shall be allocated to principal and interest in accordance
         with the borrower's auto contracts.

4.       Payments identified as payoffs shall be allocated in accordance with
         the borrower's auto contracts.

III.     DISBURSEMENTS

1.       Disbursements made via wire transfer on behalf of an investor shall be
         made only by authorized personnel.

2.       Disbursements made on behalf of an investor shall be posted within two
         business days to the investor's records maintained by the Company.
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3.       Amounts remitted to investors per the Servicer's investor reports shall
         agree with cancelled checks, or other form of payment, or custodial
         bank statements.

IV.      INVESTOR ACCOUNTING AND REPORTING

1.       The Company's investor reports shall agree with, or reconcile to,
         investors' records on a monthly basis as to the total unpaid principal
         balance and number of loans serviced by the Company.

V.       BORROWER AUTO CONTRACT ACCOUNTING

1.       The Company's borrower auto contract records shall agree with, or
         reconcile to, the records of the borrower's records with respect to the
         unpaid principal balance on a monthly basis.

VI.      DELINQUENCIES

1.       Records documenting collection efforts shall be maintained during the
         period a loan is in default and shall be updated at least monthly. Such
         records shall describe the entity's activities in monitoring delinquent
         contracts including, for example, phone calls, letters and payment
         rescheduling plans in cases where the delinquency is deemed temporary
         (e.g., illness or unemployment).

VII.     INSURANCE POLICIES

1.       A fidelity bond shall be in effect on the Company throughout the
         reporting period in the amount of coverage represented to investors in
         management's assertion.