| CREDITSUISSE FIRST BOSTON | PAGE 1 |
|---------------------------|--------|

AMERICAN HONDA FINANCECORPORATION Annual Statement to Certificateholder—Honda AutoReceivables 2002-2 Owner Trust 04/01/04 through 03/31/05

|                                                    |  |                   |  |        |        |        |  |  |  |  |
|----------------------------------------------------|--|-------------------|--|--------|--------|--------|--|--|--|--|
| I.ORIGINAL DEAL PARAMETER INPUTS                   |  |
| (A) TotalPortfolio Balance                         |  | $1,850,000,000.03 |  |   |   |   |
| (B)Total Securities Balance                        |  | $1,850,000,000.03 |  |
| (C) Class A-1 Notes                                |  |
| (i) Class A-1 NotesBalance                         |  | $494,000,000.00   |  |
| (ii) Class A-1Notes Percentage (C(i)/B)            |  | 26.70%            |  |
| (iii) Class A-1 Notes Rate                         |  | 1.950%            |  |
| (iv) Class A-1 Notes Accrual Basis                 |  | Actual/360        |  |
| (D) Class A-2Notes                                 |  |
| (i) Class A-2 Notes Balance                        |  | $420,000,000.00   |  |
| (ii) Class A-2 Notes Percentage(D(i)/B)            |  | 22.70%            |  |
| (iii) Class A-2Notes Rate                          |  | 2.910%            |  |
| (iv) Class A-2Notes Accrual Basis                  |  | 30/360            |  |
| (E)Class A-3 Notes                                 |  |
| (i) Class A-3 Notes Balance                        |  | $530,000,000.00   |  |
| (ii) Class A-3 Notes Percentage(E(i)/B)            |  | 28.65%            |  |
| (iii) Class A-3Notes Rate                          |  | 3.830%            |  |
| (iv) Class A-3Notes Accrual Basis                  |  | 30/360            |  |
| (F)Class A-4 Notes                                 |  |
| (i) Class A-4 Notes Balance                        |  | $359,750,000.00   |  |
| (ii) Class A-4 Notes Percentage(F(i)/B)            |  | 19.45%            |  |
| (iii) Class A-4Notes Rate                          |  | 4.490%            |  |
| (iv) Class A-4Notes Accrual Basis                  |  | 30/360            |  |
| (G)Certificates                                    |  |
| (i) Certificates Balance                           |  | $46,250,000.03    |  |
| (ii) Certificates Percentage(G(i)/B)               |  | 2.50%             |  |
| (iii) CertificatesRate                             |  | 4.490%            |  |
| (iv) CertificatesAccrual Basis                     |  | 30/360            |  |
| (H) ServicingFee Rate                              |  | 1.00%             |  |
| (I) PortfolioSummary                               |  |
| (i) Weighted Average Coupon (WAC)                  |  | 6.36%             |  |
| (ii) Weighted Average OriginalMaturity (WAOM)      |  | 57.18             |  |   | months |   |
| (iii)Weighted Average Remaining Maturity (WAM)     |  | 48.93             |  |   | months |   |
| (iv) Number ofReceivables                          |  | 133,068           |  |
| (J) ReserveFund                                    |  |
| (i) Reserve Account Initial DepositPercentage      |  | 0.50%             |  |
| (ii) ReserveAccount Initial Deposit                |  | $9,250,000.00     |  |
| (iii) Specified Reserve AccountPercentage          |  | 0.75%             |  |
| (iv) SpecifiedReserve Account Balance              |  | $9,250,000.00     |  |
|                                               |  |
| (K) Yield Supplement AccountDeposit                |  | $4,316,188.63     |  |
|                                               |  |
| II.INPUTS FROM PREVIOUS MONTHLY SERVICER REPORTS   |  |
| (A) Total Portfolio Balance                        |  | $647,746,093.04   |  |
| (B) Total SecuritiesBalance                        |  | $647,746,093.04   |  |
| (C)Cumulative Note and Certificate Pool Factor     |  | 0.3501330         |  |
| (D) Class A-1 Notes                                |  |
| (i) Class A-1 Notes Balance                        |  | $0.00             |  |
| (ii) Class A-1 Notes Pool Factor                   |  | 0.0000000         |  |
| (iii) Class A-1 Notes InterestCarryover Shortfall  |  | $0.00             |  |
| (iv) Class A-1Notes Principal Carryover Shortfall  |  | $0.00             |  |
| (E) Class A-2 Notes                                |  |
| (i) Class A-2Notes Balance                         |  | $0.00             |  |
| (ii) Class A-2 NotesPool Factor                    |  | 0.0000000         |  |
| (iii) Class A-2Notes Interest Carryover Shortfall  |  | $0.00             |  |
| (iv) Class A-2 Notes Principal Carryover Shortfall |  | $0.00             |  |
| (F) Class A-3 Notes                                |  |
| (i) Class A-3 Notes Balance                        |  | $265,100,817.73   |  |
| (ii) Class A-3 Notes PoolFactor                    |  | 0.5001902         |  |
| (iii) Class A-3 NotesInterest Carryover Shortfall  |  | $0.00             |  |
| (iv)Class A-3 Notes Principal Carryover Shortfall  |  | $0.00             |  |
| (G) Class A-4 Notes                                |  |
| (i) Class A-4Notes Balance                         |  | $359,750,000.00   |  |
|                                                    |

----

|                                                   |  |                |  |        |        |        |  |  |  |  |
|---------------------------------------------------|--|----------------|--|--------|--------|--------|--|--|--|--|
| (ii) Class A-4 Notes Pool Factor                  |  | 1.0000000      |  |
| (iii) Class A-4 Notes InterestCarryover Shortfall |  | $0.00          |  |
| (iv)Class A-4 Notes Principal Carryover Shortfall |  | $0.00          |  |
| (H) Certificates                                  |  |
| (i)Certificates Balance                           |  | $22,895,275.31 |  |
| (ii) Certificates Pool Factor                     |  | 0.4950330      |  |
| (iii) Certificates Interest CarryoverShortfall    |  | $0.00          |  |
| (iv) CertificatesPrincipal Carryover Shortfall    |  | $0.00          |  |
| (I) Servicing Fee                                 |  |
| (i) Servicing FeeShortfall                        |  | $0.00          |  |
| (J) End of PriorMonth Account Balances            |  |
| (i) Reserve Account                               |  | $9,250,000.00  |  |
| (ii) Yield SupplementAccount                      |  | $865,720.94    |  |
| (iii) PayaheadAccount                             |  | $0.00          |  |
| (iv) AdvancesOutstanding                          |  | $399,769.67    |  |
| (K)Portfolio Summary as of End of Prior Year      |  |
| (i)Weighted Average Coupon (WAC)                  |  | 6.34%          |  |
| (ii) Weighted Average Remaining Maturity (WAM)    |  | 28.92          |  |   | months |   |
| (iii) Number ofReceivables                        |  | 76,644         |  |
| (L) Note andCertificate Percentages               |  |
| (i) Note Percentage                               |  | 96.59%         |  |
| (ii) Certificate Percentage                       |  | 3.41%          |  |
|                                                   |

----

| CREDIT SUISSE FIRSTBOSTON | PAGE 2 |
|---------------------------|--------|

AMERICAN HONDA FINANCE CORPORATIONAnnual Statement to Certificateholder—Honda Auto Receivables2002-2 Owner Trust 04/01/04 through 03/31/05

|                                                                    |  |                 |  |        |        |        |  |  |  |  |
|--------------------------------------------------------------------|--|-----------------|--|--------|--------|--------|--|--|--|--|
| III.INPUTS FROM THE MAINFRAME                                      |  |
| (A) PrecomputedContracts Principal                                 |  |            |  |
| (i)Scheduled Principal Collections                                 |  | $0.00           |  |
| (ii) Prepayments in Full                                           |  | $0.00           |  |
| (iii) Prepayments in Full due to Repurchases                       |  | $0.00           |  |
| (B) Precomputed Contracts TotalCollections                         |  | $0.00           |  |
| (C) PrecomputedInterest Receivables Interest (B-A((i)+(ii)+(iii))) |  | $0.00           |  |
| (D) Simple Interest ReceivablesPrincipal                           |  |
| (i) Principal Collections                                          |  | $241,673,718.60 |  |
| (ii) Prepayments in Full                                           |  | $123,478,753.28 |  |
| (iii) Repurchased ReceivablesRelated to Principal                  |  | $0.00           |  |
| (E)Simple Interest Receivables Interest                            |  |
| (i) SimpleInterest Collections                                     |  | $29,213,983.00  |  |
| (F) Payment Advance for Precomputes                                |  |
| (i) Reimbursement of Previous Advances                             |  | $0.00           |  |
| (ii) Current Advance Amount                                        |  | $0.00           |  |
| (G) Interest Advance for simpleInterest - Net                      |  | ($201,722.60)   |  |
| (H)Payahead Account                                                |  |
| (i) Payments Applied                                               |  | $0.00           |  |
| (ii) AdditionalPayaheads                                           |  | $0.00           |  |
| (I) PortfolioSummary as of End of Month                            |  |
| (i) Weighted AverageCoupon (WAC)                                   |  | 6.34%           |  |
| (ii) WeightedAverage Remaining Maturity (WAM)                      |  | 18.48           |  |   | months |   |
| (iii) Remaining Number ofReceivables                               |  | 50,047          |  |
|                                                                    |

|                                                        |  |        |       |               |  |        |      |         |  |   |               |        |  |        |      |         |  |  |  |  |  |  |
|--------------------------------------------------------|--|--------|-------|---------------|--|--------|------|---------|--|---|---------------|--------|--|--------|------|---------|--|--|--|--|--|--|
| (J)DelinquentReceivables                               |  | #Units |       | Dollar Amount |  |   |
| (i) 30-59 Days Delinquent                              |  |   | 1,853 |          |  |   | 3.70 | %  |  | $ | 11,873,795.48 |   |  |   | 4.29 | %  |  |
| (ii) 60-89 DaysDelinquent                              |  |   | 471   |          |  |   | 0.94 | %  |  | $ | 3,297,528.29  |   |  |   | 1.19 | %  |  |
| (ii) 90 Days or More Delinquent                        |  |   | 96    |          |  |   | 0.19 | %  |  | $ | 718,001.42    |   |  |   | 0.26 | %  |  |
| (K) Vehicles Repossessed During CollectionPeriod       |  |   | 27    |          |  |   | 0.05 | %  |  | $ | 226,118.86    |   |  |   | 0.08 | %  |  |
| (L) Total AccumulatedRepossessed Vehicles in Inventory |  |   | 40    |          |  |   | 0.08 | %  |  | $ | 334,884.52    |   |  |   | 0.12 | %  |  |
|                                                        |

|                                                                       |  |                 |  |        |        |        |
|-----------------------------------------------------------------------|--|-----------------|--|--------|--------|--------|
| IV.INPUTS DERIVED FROM OTHER SOURCES                                  |  |
| (A)Collection Account InvestmentIncome                                |  | $0.00           |
| (B) Reserve Account Investment Income                                 |  | $145,782.98     |  |   |   |   |
| (C) YieldSupplement Account Investment Income                         |  | $7,893.52       |
| (D) Trust Fees Expense                                                |  | $9,000.00       |
| (E) Aggregate Net Losses for Collection Period                        |  | $1,497,762.56   |
| (F) Liquidated ReceivablesInformation                                 |  |
| (i) Gross PrincipalBalance on Liquidated Receivables                  |  | $5,754,562.03   |
| (ii) Liquidation Proceeds                                             |  | $1,737,807.86   |
| (ii) Recoveries from Prior Month Charge Offs                          |  | $2,518,991.61   |
| (G) Days in AccrualPeriod                                             |  | 365             |
| (H) Dealage                                                           |  | 35              |
| **COLLECTIONS**                                                       |  |
| V. INTEREST COLLECTIONS                                               |  |
| (A)Total Interest Collections(III(C+E(i)+G)                           |  | $29,012,260.40  |
| VI.PRINCIPAL COLLECTIONS                                              |  |
| (A) Principal PaymentsReceived (III(A((i)+(ii))+(D(i)+(ii)))          |  | $365,152,471.88 |
| (B) Liquidation Proceeds(IV(H(i)))                                    |  | $1,737,807.86   |
| (C)Repurchased Loan Proceeds Related to Principal(III(A(iii)+D(iii))) |  | $0.00           |
| (D)Recoveries from Prior Charge Offs(IV(H(ii)))                       |  | $2,518,991.61   |
| (E) TotalPrincipal Collections (A+B+C+D)                              |  | 369,409,271.35  |
|                                                                  |  |
| VII. TOTAL INTEREST AND PRINCIPALCOLLECTIONS (V(C)+VI(E))             |  | 398,421,531.75  |
|                                                                  |  |
| VIII. YIELD SUPPLEMENTDEPOSIT                                         |  | $614,928.45     |
|                                                                  |  |
| IX. TOTAL AVAILABLE AMOUNT(VII+VIII)                                  |  | 399,036,460.20  |
|                                                                       |

----

|                                                       |  |                |  |  |  |  |
|-------------------------------------------------------|--|----------------|--|--|--|--|
| **DISTRIBUTIONS**                                     |  |
| X. FEE DISTRIBUTIONS                                  |  |
| (A)Servicing Fee                                      |  |
| (i) Servicing Fee Due(I(H)/12)(II(B))+(II(H)(i))      |  | $4,617,606.74  |
| (ii) Servicing Fee Paid                               |  | 4,617,606.74   |
| (iii) ServicingFee Shortfall                          |  | $0.00          |
| (B) ReserveAccount Investment Income (IV(B))          |  | 145,782.98     |
| (C) Yield Supplement Account Investment Income(IV(C)) |  | 7,893.52       |
| (D) Trust FeesExpense (IV(D))                         |  | 9,000.00       |
| XI.DISTRIBUTIONS TO NOTEHOLDERS                       |  |
| (A)Interest                                           |  |
| (i) Class A-1 Notes                                   |  |
| (a) Class A-1 Notes Interest Due                      |  | $0.00          |
| (b) Class A-1 Notes InterestPaid                      |  | 0.00           |
| (c) Class A-1Notes Interest Shortfall                 |  | $0.00          |
| (ii) ClassA-2 Notes                                   |  |
| (a) Class A-2 Notes InterestDue                       |  | $0.00          |
| (b) Class A-2 NotesInterest Paid                      |  | 0.00           |
| (c)Class A-2 Notes Interest Shortfall                 |  | $0.00          |
| (iii) Class A-3 Notes                                 |  |
| (a) Class A-3Notes Interest Due                       |  | $3,697,334.41  |
| (b) Class A-3 Notes Interest Paid                     |  | 3,697,334.41   |
| (c) Class A-3Notes Interest Shortfall                 |  | $0.00          |
| (iv) ClassA-4 Notes                                   |  |
| (a) Class A-4 Notes InterestDue                       |  | $15,654,995.89 |
| (b) Class A-4Notes Interest Paid                      |  | 15,654,995.89  |
| (c) Class A-4 Notes Interest Shortfall                |  | $0.00          |
|                                                       |

----

| CREDIT SUISSE FIRSTBOSTON | PAGE 3 |
|---------------------------|--------|

AMERICAN HONDA FINANCE CORPORATIONAnnual Statement to Certificateholder—Honda Auto Receivables2002-2 Owner Trust 04/01/04 through 03/31/05

|                                                                                               |  |                 |  |  |  |  |
|-----------------------------------------------------------------------------------------------|--|-----------------|--|--|--|--|
| (v)Total Note Interest                                                                        |  |
| (a) Total Note InterestDue                                                                    |  | $19,352,330.30  |
| (b) Total Note Interest Paid                                                                  |  | 19,352,330.30   |
| (c) Total NoteInterest Shortfall                                                              |  | $0.00           |
| (d)Reserve Fund Withdrawn for Note Interest                                                   |  | $0.00           |
| Amount available for distributions after Fees & Interest(VIII-(IX(A)(ii)-(D))-X(A)(v)(b)) |  | 375,057,523.16  |
| (B) Principal                                                                                 |  |
| (i)Noteholders' Principal Distribution Amounts                                                |  | $358,259,104.05 |
| (ii) Class A-1 NotesPrincipal                                                                 |  |
| (a) Class A-1 Notes PrincipalDue                                                              |  | —         |
| (b) Class A-1 NotesPrincipal Paid                                                             |  | 0.00            |
| (c)Class A-1 Notes Principal Shortfall                                                        |  | $0.00           |
| (d) Reserve Fund drawn                                                                        |  | $0.00           |
| (iii) Class A-2 Notes Principal                                                               |  |
| (a) Class A-2 Notes Principal Due                                                             |  | $0.00           |
| (b) Class A-2 Notes PrincipalPaid                                                             |  | 0.00            |
| (c) Class A-2Notes Principal Shortfall                                                        |  | $0.00           |
| (d)Reserve Fund drawn                                                                         |  | $0.00           |
| (iv) ClassA-3 Notes Principal                                                                 |  |
| (a) Class A-3 NotesPrincipal Due                                                              |  | $265,100,817.73 |
| (b)Class A-3 Notes Principal Paid                                                             |  | 265,100,817.73  |
| (c) Class A-3Notes Principal Shortfall                                                        |  | $0.00           |
| (d)Reserve Fund drawn                                                                         |  | $0.00           |
| (v) ClassA-4 Notes Principal                                                                  |  |
| (a) Class A-4 NotesPrincipal Due                                                              |  | $93,158,286.32  |
| (b)Class A-4 Notes Principal Paid                                                             |  | 93,158,286.32   |
| (c) Class A-4Notes Principal Shortfall                                                        |  | $0.00           |
| (d)Reserve Fund drawn                                                                         |  | $0.00           |
| (vi) TotalNotes Principal                                                                     |  |
| (a) Total Notes PrincipalDue                                                                  |  | $358,259,104.05 |
| (b) Total NotesPrincipal Paid                                                                 |  | 358,259,104.05  |
| (c) Total Notes Principal Shortfall                                                           |  | $0.00           |
| (d) Reserve Fund drawn                                                                        |  | $0.00           |
| XII. RESERVE FUND DEPOSIT                                                                     |  |
| Amount available for deposit into reserveaccount                                              |  | $16,798,419.11  |
| Amountdeposited into reserve account                                                          |  | 0.00            |
| Excess Amount Released from ReserveAccount                                                    |  | 0.00            |
| Excess fundsavailable toCertificateholders                                                    |  | 16,798,419.11   |
| XIII. DISTRIBUTIONS TO CERTIFICATEHOLDERS                                                     |  |
| (A) Interest                                                                                  |  |
| (i) CertificateMonthly Interest Due                                                           |  | $743,585.41     |
| (ii) Certificate Interest Shortfall BeginningBalance                                          |  | $0.00           |
| (iii) Total CertificateInterest Due                                                           |  | $743,585.41     |
| (iv)Certificate Interest Paid                                                                 |  | 743,585.41      |
| (v) Certificate Interest Shortfall EndingBalance                                              |  | $0.00           |
| (B)Principal                                                                                  |  |
| (i) Certificate Monthly PrincipalDue                                                          |  | $12,647,929.86  |
| (ii) CertificatePrincipal Shortfall Beginning Balance                                         |  | $0.00           |
| (iii) Total Certificate Principal Due                                                         |  | $12,647,929.86  |
| (iv) Certificate PrincipalPaid                                                                |  | 12,647,929.86   |
| (v)Certificate Principal Shortfall Ending Balance                                             |  | $0.00           |
| (C) Release toSeller                                                                          |  | $3,406,903.84   |
|                                                                                               |

----

|                                                 |  |                 |  |  |  |  |
|-------------------------------------------------|--|-----------------|--|--|--|--|
| **DISTRIBUTIONSSUMMARY**                        |  |
| (A) Total Collections                           |  | $399,036,460.20 |
| (B) ServiceFee                                  |  | $4,617,606.74   |
| (C) TrusteeFees                                 |  | 9,000.00        |
| (D) Class A1Amount                              |  | $0.00           |
| (E) Class A2Amount                              |  | $0.00           |
| (F) Class A3Amount                              |  | $268,798,152.14 |
| (G) Class A4Amount                              |  | $108,813,282.21 |
| (H) AmountDeposited into Reserve Account        |  | $0.00           |
| (I)Certificateholders                           |  | $13,391,515.27  |
| (J) Release to seller                           |  | $3,406,903.84   |
| (K) Total amountdistributed                     |  | $399,036,460.20 |
| (L)Amount of Draw from Reserve Account          |  | 0.00            |
| (M) Excess Amount Released from Reserve Account |  | 0.00            |
|                                                 |

|                                                         |  |                   |        |        |  |                 |        |        |  |        |  |  |  |  |  |  |  |  |
|---------------------------------------------------------|--|-------------------|--------|--------|--|-----------------|--------|--------|--|--------|--|--|--|--|--|--|--|--|
| **PORTFOLIOAND SECURITY SUMMARY**                       |  |
|                                                    |  | BeginningofPeriod |        |   |  | EndofPeriod     |        |   |
| XIV. POOL BALANCES ANDPORTFOLIO INFORMATION             |  |
| (A) Balances andPrincipal Factors                       |  |              |   |   |  |            |   |   |  |
| (i) AggregateBalance of Notes                           |  | $624,850,817.73   |        |   |  | $266,591,713.68 |        |
| (ii) Note Pool Factor                                   |  | 0.3464176         |        |   |  | 0.1477986       |        |
| (iii)Class A-1 Notes Balance                            |  | 0.00              |        |   |  | 0.00            |        |
| (iv) Class A-1 Notes Pool Factor                        |  | 0.0000000         |        |   |  | 0.0000000       |        |
| (v) ClassA-2 Notes Balance                              |  | 0.00              |        |   |  | 0.00            |        |
| (vi) Class A-2 Notes Pool Factor                        |  | 0.0000000         |        |   |  | 0.0000000       |        |
| (vii)Class A-3 Notes Balance                            |  | 265,100,817.73    |        |   |  | 0.00            |        |
| (viii)Class A-3 Notes Pool Factor                       |  | 0.5001902         |        |   |  | 0.0000000       |        |
| (ix) ClassA-4 Notes Balance                             |  | 359,750,000.00    |        |   |  | 266,591,713.68  |        |
| (x) Class A-4 Notes Pool Factor                         |  | 1.0000000         |        |   |  | 0.7410472       |        |
| (xi)Certificates Balance                                |  | 22,895,275.31     |        |   |  | 10,247,345.45   |        |
| (xii) Certificates Pool Factor                          |  | 0.4950330         |        |   |  | 0.2215642       |        |
| (xiii)Total Principal Balance of Notes and Certificates |  | 647,746,093.04    |        |   |  | 276,839,059.13  |        |
| (B) Portfolio Information                               |  |
| (i)Weighted Average Coupon (WAC)                        |  | 6.34%             |        |   |  | 6.34%           |        |
| (ii)Weighted Average Remaining Maturity (WAM)           |  | 28.92             |        | months |  | 18.48           |        | months |  |   |
| (iii)Remaining Number of Receivables                    |  | 76,644            |        |   |  | 50,047          |        |
| (iv) PortfolioReceivable Balance                        |  | $647,746,093.04   |        |   |  | $276,839,059.13 |        |
| (C) Outstanding AdvanceAmount                           |  | $399,769.67       |        |   |  | $198,047.07     |        |
| (D) Outstanding PayaheadBalance                         |  | $0.00             |        |   |  | $0.00           |        |
|                                                         |

----

| CREDIT SUISSE FIRSTBOSTON | PAGE 4 |
|---------------------------|--------|

AMERICAN HONDA FINANCE CORPORATIONAnnual Statement to Certificateholder—Honda Auto Receivables2002-2 Owner Trust 04/01/04 through 03/31/05

|                                                       |  |               |  |  |  |  |
|-------------------------------------------------------|--|---------------|--|--|--|--|
| **SUMMARYOF ACCOUNTS**                                |
| XV. RECONCILIATION OF RESERVEACCOUNT                  |  |
| (A) Beginning Reserve AccountBalance                  |  | $9,250,000.00 |
| (B) Draws                                             |  | 0.00          |
| (i) Draw for Servicing Fee                            |  | 0.00          |
| (ii) Draw for Interest                                |  | 0.00          |
| (iii) Draw for Realized Losses                        |  | 0.00          |
| (C) Excess Interest Deposited intothe Reserve Account |  | 0.00          |
| (D)Reserve Account Balance Prior to Release           |  | 9,250,000.00  |
| (E) Reserve AccountRequired Amount                    |  | 9,250,000.00  |
| (F)Final Reserve Account Required Amount              |  | 9,250,000.00  |
| (G) Excess Reserve Account Amount                     |  | 0.00          |
| (H) Ending Reserve AccountBalance                     |  | 9,250,000.00  |
| XVI.RECONCILIATION OF YIELD SUPPLEMENT ACCOUNT        |  |
| (A) Beginning Yield Supplement AccountBalance         |  | 865,720.94    |
| (B) InvestmentEarnings                                |  | 7,893.52      |
| (C) InvestmentEarnings Withdraw                       |  | 7,893.52      |
| (D)Additional Yield Supplement Amounts                |  | 0.00          |
| (E) Yield Supplement DepositAmount                    |  | $614,928.45   |
| (F) Ending YieldSupplement Account Balance            |  | 250,792.49    |
| XVII. NET LOSS AND DELINQUENCY ACCOUNTACTIVITY        |  |
| (A) Liquidated Contracts                              |  |
| (i) Liquidation Proceeds                              |  | $1,737,807.86 |
| (ii) Recoveries on Previously Liquidated Contracts    |  | 2,518,991.61  |
| (B) Aggregate Net Lossesfor Collection Period         |  | 1,497,762.56  |
| (C) Net Loss Rate for Collection Period(annualized)   |  | 0.32%         |
| (D)Cumulative Net Losses for all Periods              |  | 8,836,994.80  |
|                                                       |

|                                |  |        |  |               |  |                |  |       |  |  |  |  |  |  |  |  |  |  |
|--------------------------------|--|--------|--|---------------|--|----------------|--|-------|--|--|--|--|--|--|--|--|--|--|
| (E)DelinquentReceivables       |  | #Units |  | Dollar Amount |
| (i) 30-59 Days Delinquent      |  | 1,853  |  | 3.70%         |  | $11,873,795.48 |  | 4.29% |
| (ii) 60-89 Days Delinquent     |  | 471    |  | 0.94%         |  | $3,297,528.29  |  | 1.19% |
| (ii) 90 Days or MoreDelinquent |  | 96     |  | 0.19%         |  | $718,001.42    |  | 0.26% |
|                                |

|                                                        |  |        |  |               |  |             |  |       |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------|--|--------|--|---------------|--|-------------|--|-------|--|--|--|--|--|--|--|--|--|--|
| XVIII.REPOSSESSIONACTIVITY                             |  | #Units |  | Dollar Amount |
| (A)Vehicles Repossessed During CollectionPeriod        |  | 27     |  | 0.05%         |  | $226,118.86 |  | 0.08% |
| (B) Total Accumulated Repossessed Vehicles inInventory |  | 40     |  | 0.08%         |  | $334,884.52 |  | 0.12% |
|                                                        |

|                                                                                                        |  |                     |  |  |  |  |
|--------------------------------------------------------------------------------------------------------|--|---------------------|--|--|--|--|
| XIX.TESTS FOR INCREASE IN SPECIFIED RESERVE ACCOUNT BALANCE                                            |  |
| (A) Ratio of Net Losses to the Pool Balance as of EachCollection Period                                |  |
| (i) SecondPreceding Collection Period                                                                  |  | 0.44%               |
| (ii) Preceding Collection Period                                                                       |  | -0.18%              |
| (iii) Current CollectionPeriod                                                                         |  | -0.60%              |
| (iv) Three MonthAverage (Avg(i,ii,iii))                                                                |  | -0.11%              |
| (B) Ratio of Balance of Contracts Delinquent 60 Days orMore to the Outstanding Balance of Receivables. |  |
| (i)Second Preceding Collection Period                                                                  |  | 1.62%               |
| (ii) Preceding Collection Period                                                                       |  | 1.29%               |
| (iii) Current CollectionPeriod                                                                         |  | 1.21%               |
| (iv) Three MonthAverage (Avg(i,ii,iii))                                                                |  | 1.37%               |
|                                                                                                   |  |
| (C) Loss and Delinquency TriggerIndicator                                                              |  | Trigger was nothit. |
|                                                                                                        |

I hereby certify that theservicing report provided is true and accurate to the best of myknowledge.

By: /s/ John WeisickleMr. John Weisickle VicePresident

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