<PAGE>

                                           FEBRUARY 15, 2001
                                    DART 2000-1 DISTRIBUTION SUMMARY

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
            COLLECTION ACCOUNT
--------------------------------------------------------------------------------------------------------
WIRE/DEPOSIT TO:                            IN CONSIDERATION OF:                   IN THE AMOUNT OF:
----------------                            --------------------                   ---------------------
<S>                                       <C>                                     <C>
1.  Premier Auto Finance, Inc.              Reimburse Previous Advances                             0.00
                                            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                                    502,368.64
                                            Late Fees                                          83,767.97
                                            Total Servicing Fees                       -----------------
                                                                                              586,136.61

5.  Note Distribution Account               Note Interest                                   3,459,192.15

6.  Certificate Distribution Account        Certificate Interest                               87,068.70

7.  Note Distribution Account               Principal Payable                              26,378,408.40

8.  Certificate Distribution Account        Principal Payable                                       0.00

9.  Reserve Fund                            Funding                                           508,341.10

                                                                                       -----------------
TOTAL AMOUNT WIRED/DEPOSITED:                                                              31,019,146.96
                                                                                       =================
</TABLE>
<TABLE>
<CAPTION>

--------------------------------------------------------------------------------------------------------
              RESERVE ACCOUNT
--------------------------------------------------------------------------------------------------------
<S>                                        <C>                                    <C>
WIRE/DEPOSIT TO:                            IN CONSIDERATION OF:                   IN THE AMOUNT OF:
----------------                            --------------------                   ---------------------
1. Collection Account                       Collection Shortfall                                    0.00

                                                                                       -----------------
TOTAL AMOUNT WIRED/DEPOSITED:                                                                       0.00
                                                                                       =================
</TABLE>



/s/ Randall S. Royer
-----------------------------------------
VP -- Assistant Treasurer





/s/ Gil Van Over
-----------------------------------------
EVP -- Chief Operating Officer                                 February 21, 2001
                                                                         5:42 PM


                                  Page 3 of 11
<PAGE>

                   DEALER AUTO RECEIVABLES OWNER TRUST 2000-1

<TABLE>
<CAPTION>
<S>                    <C>
     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
</TABLE>

                            MONTHLY REPORT
                   FOR THE  FEBRUARY 15, 2001    DISTRIBUTION DATE

<TABLE>
<S>                                                                                                      <C>
A       CALCULATION OF AVAILABLE AMOUNTS

      1 Available Principal (as defined in Article I of the Sale and Servicing Agreement)                    $24,296,992.61
                                                                                                           -----------------
      2 Available Interest (as defined in Article I of the Sale and Servicing Agreement)                      $6,638,386.38
                                                                                                           -----------------
      3 Available Amounts (l. plus 2.)                                                                       $30,935,378.99
                                                                                                           -----------------

B       CALCULATION OF PRINCIPAL DISTRIBUTABLE AMOUNT                                                        $26,378,408.40
                                                                                                           -----------------

C       CALCULATION OF NOTE MONTHLY PRINCIPAL DISTRIBUTABLE AMOUNT                                           $26,378,408.40
        (as defined in Article I of the Sale and Servicing Agreement)                                      -----------------

      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)                                                              $26,378,408.40
                                                                                                           -----------------
      3 Note Monthly Principal Distributable Amount for

        (a) Class A-1 Notes                                                                                  $26,378,408.40
                                                                                                           -----------------
        (b) Class A-2 Notes                                                                                           $0.00
                                                                                                           -----------------
        (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%
                                                                                                           -----------------


                                  Page 4 of 11
<PAGE>

                                                                                                           -----------------
      4 Class A-4 Interest Rate                                                                                       7.12%
                                                                                                           -----------------
      5 Class B Interest Rate                                                                                         7.46%
                                                                                                           -----------------
      6 Class A-1 Note Interest Distributable Amount                                                            $222,697.72
                                                                                                           -----------------
      7 Class A-2 Note Interest Distributable Amount                                                          $1,600,616.67
                                                                                                           -----------------
      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
                                                                                                           -----------------
     12 Note Monthly Interest Distributable Amount (the sum of items D.6, D.7, D.8, D.9, D.10 and D.11)       $3,459,192.15
                                                                                                           -----------------

E    CALCULATION OF NOTE DISTRIBUTABLE AMOUNT (SUM OF C.3 PLUS D.12.)                                        $29,837,600.55
                                                                                                           -----------------

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                          $0.00
            Distribution Date
                                                                                                           -----------------
      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
                                                                                                           -----------------


                                  Page 5 of 11
<PAGE>

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)                                                     502,368.64
                                                                                                           -----------------
      2 Late Payment Penalty Fees for such Distribution Date                                                     $83,767.97
                                                                                                           -----------------
      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                                       $31,019,146.96
                                                                                                           -----------------
        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                                  $30,048,639.51
                                                                                                           -----------------
        b   All Net Liquidation Proceeds                                                                        $894,294.87
                                                                                                           -----------------
        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                $0.00
                                                                                                           -----------------
        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
                                                                                                           -----------------
        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                                                                         $76,212.58
                                                                                                           -----------------
        g   Total amount of funds deposited into the Collection Account pursuant to Section 5.05(b)          $31,019,146.96
            (the sum of a. through g.)                                                                     -----------------

      2 The amount of funds permitted to be withdrawn from the Collection
        Account pursuant to clauses (i) through (iv) of Section 7.03(a) of the
        Sale and Servicing Agreement with respect to related Due Period                                         $586,136.61
                                                                                                           -----------------
        a   Amounts to be paid to the Servicer as the Reimbursement Amount in accordance with
            Section 7.02 of the Sale and Servicing Agreement                                                          $0.00
                                                                                                           -----------------
        b   Amounts to be paid to the Servicer in respect to the Servicing Fee for the related
            Due Period                                                                                           586,136.61
                                                                                                           -----------------
        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 (iv) Section 7.03(a) of the Sale and Servicing Agreement with respect
            to the related Due Period (sum of a. through d.)                                                    $586,136.61
                                                                                                           -----------------


                                  Page 6 of 11
<PAGE>

      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))                                                                                    $30,433,010.35
                                                                                                           -----------------

K    THE SHORTFALL OF AVAILABLE AMOUNTS FOR SUCH DISTRIBUTION DATE TO PAY EITHER THE NOTE
     DISTRIBUTABLE AMOUNT OR THE CERTIFICATE DISTRIBUTABLE AMOUNT                                                     $0.00
     (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.)

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                                                                              $0.00
                                                                                                           -----------------
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.                                                                     $122,268.59
                                                                                                           -----------------
Q    THE AMOUNT ON DEPOSIT IN THE RESERVE FUND AFTER GIVING EFFECT TO DEPOSITS
     AND WITHDRAWALS THEREFROM ON SUCH DISTRIBUTION DATE
                                                                                                              24,784,001.49
                                                                                                           -----------------
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

     (b)1.00% of the Aggregate Principal Balance as of the Cutoff Date.                                       37,470,157.53
                                                                                                           -----------------


                                  Page 7 of 11
<PAGE>

S    THE POOL FACTOR

                           Factor immediately Before        Factor immediately After
                           such Distribution Date           such Distribution Date

        Class A-1 Note     1    0.2102409                   7   0.0714072
                             -------------                    ------------
        Class A-2 Note     2    1.0000000                   8   1.0000000
                             -------------                    ------------
        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                                                                            1,444   $16,184,809.08
                                                                                               -----------------------------
      2 61-90 Days                                                                                     390    $4,574,490.95
                                                                                               -----------------------------
      3 91 or More Days                                                                                152    $1,880,399.56
                                                                                               -----------------------------
            Total Delinquent Receivables                                                             1,986   $22,639,699.59
            61+ Days Delinquencies as Percentage of Receivables                                                       1.12%

            Delinquency Ratio for Second Preceding Collection Period                                                  0.93%
            Delinquency Ratio for Preceding Collection Period                                                         1.09%
            Delinquency Ratio for Current Collection Period                                                           1.12%
            Average Delinquency Ratio            (Reserve Fund Trigger Event GREATER THAN OR EQUAL TO 2.0%)           1.05%

U    DEFAULTED CONTRACTS

      1 Total Defaulted Contracts for the Due Period                                                   264     2,931,538.56
                                                                                                           -----------------
      2 Identity (attach)

      3 Liquidation proceeds for the Due Period                                                                 $946,313.34
                                                                                                           -----------------
      4 Liquidation expenses for the Due Period                                                                  $52,018.47
                                                                                                           -----------------
      5 Net Liquidation Proceeds for the Due Period                                                             $894,294.87
                                                                                                           -----------------
      6 Net Liquidation Losses for the Due Period                                                             $2,037,243.69
                                                                                                           -----------------
            Pool Balance at Beginning of Collection Period                                                  $602,842,370.36
            Net Loss Ratio for Current Collection Period                                                              4.06%
            Net Loss Ratio for Second Preceding Collection Period                                                     4.57%
            Net Loss Ratio for Preceding Collection Period                                                            4.04%
            Net Loss Ratio for Current Collection Period                                                              4.06%
            Average Net Loss Ratio               (Reserve Fund Trigger Event GREATER THAN OR EQUAL TO 2.5%)           4.22%


                                  Page 8 of 11
<PAGE>

V    ADVANCES

      1 Unreimbursed Advances prior to such Distribution Date                                                   $706,569.65
                                                                                                           -----------------
      2 Amount paid to Servicer on such Distribution Date to reimburse Servicer for such
        unreimbursed Advances                                                                                         $0.00
                                                                                                           -----------------
      3 Amount of Delinquent Interest for the related Due Period                                                      $0.00
                                                                                                           -----------------
      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                $0.00
        Agreement)                                                                                         -----------------

      5 Total of unreimbursed Advances after new Advances on such Distribution Date                             $706,569.65
                                                                                                           -----------------

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                                                            54,266
                                                                                                           -----------------
      2 Principal Balance of Contracts as of beginning of Due Period                                         602,842,370.36
                                                                                                           -----------------
      3 The weighted average Contract Rate of the Contracts as of the beginning of the Due Period                    11.60%
                                                                                                           -----------------
      4 The weighted average remaining term to maturity of the Contracts as of the beginning of the
        Due Period                                                                                                    42.70
                                                                                                           -----------------
      5 Number of Contracts as of end of Due Period                                                                  53,036
                                                                                                           -----------------
      6 Principal Balance of Contracts as of end of Due Period
                                                                                                             576,463,961.96
                                                                                                           -----------------
      7 The weighted average Contract Rate of the Contracts as of the end of the Due Period                          11.60%
                                                                                                           -----------------
      8 The weighted average remaining term to maturity of the Contracts as of the end of the Due Period              41.81
                                                                                                           -----------------
</TABLE>


                                  Page 9 of 11
<PAGE>

                                     NET LOSS ADDENDUM
                           SECTION "U" OF SERVICER CERTIFICATE

<TABLE>
       <S>                                       <C>             <C>
       FOR THE PERIOD ENDING 01/31/01               REPORTED        ACTUAL*
       SERVICING REPORT DATED 02/15/01                8K             LOSS
                                                  ------------    -----------
       Net Loss Ratio for Current Month              4.06%           2.88%
       Net Loss Ratio for Previous Month             4.04%           1.59%
       Net Loss Ratio for 2nd Previous Month         4.57%           1.84%
       Net Loss Ratio Three Month Average            4.22%           2.10%
</TABLE>

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.


                                  Page 10 of 11
<PAGE>

                               ADVANCE ADDENDUM
                       SECTION "V" OF SERVICER CERTIFICATE


The following table shows the amounts the servicer deposited into the Collection
Account on account of Advances of Delinquent Interest, the amount of Delinquent
Interest that the servicer was obligated to advance, the amount that was
required to be paid to the servicer related to unreimbursed Advances and the net
amount due to or payable by the servicer on account of Advances.

<TABLE>
<CAPTION>
                              ORIGINAL             DELINQUENT           UNREIMBURSED             ACTUAL AMOUNT
                              ADVANCED              INTEREST              ADVANCES                    DUE
<S>                      <C>                   <C>                  <C>                     <C>
September 8, 2000              $334,987.59          $185,166.89                    $0.00              $185,166.89
October 5, 2000                 211,413.40           111,888.61              (14,211.19)                97,677.42
November 7, 2000                160,168.66            35,971.84              (50,395.90)              (14,424.06)
December 6, 2000                      0.00            95,974.83              (65,419.18)                30,555.66
January 5, 2001                       0.00           128,994.09              (66,965.73)                62,028.36
February 6, 2001                      0.00          (14,966.60)              (74,557.25)              (89,523.84)
----------------------   ------------------    -----------------    ---------------------    ---------------------
Total                          $706,539.65           543,029.67            ($271,549.24)              $271,480.43
</TABLE>


No advance was made on February 6, 2001 since the prior advance of $706,539.65
was in excess of the $271,480.43 necessary per the Sale And Servicing Agreement.
On March 6, 2001 the Servicer will be reimbursed for prior advances in excess of
the amount required.


                                  Page 11 of 11