<PAGE>

                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 10-K


            [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                   For the fiscal year ended October 31, 2004

                                       OR

          [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

             For the transition period from __________ to__________
                                   ----------
                       Commission File Number 333-67112-04
                                   ----------


                      NAVISTAR FINANCIAL 2003-A OWNER TRUST
             (Exact name of Registrant as specified in its charter)



          Delaware                                        32-6022141
(State or other jurisdiction of               (IRS Employer Identification No.)
incorporation or organization)


          2850 West Golf Road                                60008
       Rolling Meadows, Illinois                           (Zip Code)
(Address of principal executive offices)


         Registrant's telephone number, including area code (847) 734-4000

         Securities registered pursuant to Section 12(b) of the Act:  None

         Securities registered pursuant to Section 12(g) of the Act:  None


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months and (2) has been subject to such filing requirements for
the past 90 days. Yes X No __

<PAGE>






                                     PART I


Item 1. Business

The Navistar Financial 2003-A Owner Trust (the "Trust") was formed pursuant to a
separate Trust  Agreement  dated as of June 5, 2003,  among  Navistar  Financial
Retail Receivables  Corporation,  ("NFRRC"),  as seller (the "Seller") and Chase
Manhattan  Bank USA,  National  Association  (formerly  known as  Chemical  Bank
Delaware),  as owner trustee (the "Trustee").  Retail notes and related security
interests  in the  financed  vehicles  and a  beneficial  interest  in a pool of
commercial  retail  leases  financing  vehicles  (the "Retail  Contracts")  were
transferred  to the Trust in  exchange  for fixed or  floating  rate  notes (the
"Notes")  and  pass-through   certificates  (the   "Certificates")   which  were
registered on  Registration  Statement  No.  333-67112 and sold to the public in
reliance on Rule 415 under the Securities Act of 1933.

NFRRC is a wholly-owned  subsidiary of Navistar Financial Corporation.  Pursuant
to a Pooling and Servicing  Agreement or a Servicing Agreement (the "Agreement")
for each Trust, Navistar Financial Corporation acts as servicer (the "Servicer")
and, in that capacity,  manages, services,  administers and makes collections on
the  Retail  Contracts.  Each  Agreement  provides  that  collections  shall  be
distributed  to  noteholders  and   certificateholders  and  otherwise  used  in
accordance  with the priorities set forth therein.  Pursuant to each  Agreement,
the Seller  established a reserve account as credit  enhancement for each Trust.
Amounts on deposit in each reserve  account after  payments to security  holders
and the Servicer are paid to the Seller to the extent that such amounts exceed a
specified  reserve account target balance.  The specified reserve account target
balance  cannot,  however,  be less  than a  specified  minimum  of the  initial
aggregate receivables balance for each Trust.

Item 2. Properties

Refer to Schedule 13 for information regarding the Certificates.


Item 3. Legal Proceedings

The registrant knows of no material pending legal  proceedings  involving either
the Retail Contracts or the Trustee, or the Seller or Servicer in respect of the
Trust.


Item 4. Submission of Matters to a Vote of Security Holders

No matter  was  submitted  during  the  period  of this  report to a vote of the
Certificateholders.




<PAGE>




                                     PART II


Item 5.  Market  for the  Registrant's  Common  Equity and
         Related  Stockholder Matters

There were 60 participants  holding positions in the Certificates  issued by the
2003-A Owner Trust as of the end of the reporting year.  Below is a breakdown of
participants by Class:

DTC Participants List as of 10/31/04

Trust             Class         Number of Participants
2003-A            A2            11
2003-A            A3            15
2003-A            A4            29
2003-A            B             5

Total                           60


There is no principal market in which such  certificates  are traded.  The Trust
will not pay  dividends in respect of the  Certificates  and,  accordingly,  the
information  required  by Item 201 of  Regulation  S-K  regarding  dividends  is
inapplicable to the Trust.


Item 6. Selected Financial Data

None.


Item 7.  Management's Discussion and Analysis of Financial
         Condition and Results of Operations

As of October 31, 2004 the balance of Owner Trust 2003-A was as follows:


                                                                       Reserve
                                                        Principal      Account
   Dollar amounts in millions
   ----------------------------------------------------------------------------

   Navistar Financial 2003-A Owner Trust                  $241.2          $13.3

       Note:  Balances  include the effect of the November 2004  distribution in
       accordance with the Owner Trust Agreements.

As of October 31, 2004, the aggregate shelf registration  available to NFRRC for
issuance of asset-backed securities was $4.0 billion.


Item 8. Financial Statements and Supplementary Data

None.


Item 9.  Changes in and Disagreements With Accountants on
         Accounting and Financial Disclosure

None.

<PAGE>


                                    PART III


Item 10.  Directors and Executive Officers of the Registrant

None.


Item 11. Executive Compensation

None.


Item 12. Security Ownership of Certain Beneficial Owners and Management

Navistar Financial Corporation owns 100% of NFRRC's common stock.


Item 13. Certain Relationships and Related Transactions

None.


                                     PART IV


Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K

(a)   Exhibits

      3     Articles of Incorporation and By-Laws

      10    Material Contracts

      31    Certification  Pursuant to Section 302 of The  Sarbanes-Oxley Act of
            2002.

      99.1  Management's Assertion Concerning Compliance.

      99.2  Independent Auditor's Report.

      99.3  Officer's Compliance Certificate.


(b)   Schedules

            The Annual Summary for the Owner Trust is an annualized  version
            of the monthly Servicer Certificates prepared by the Servicer.

      13    Annual Summary
            - Navistar Financial 2003-A Owner Trust

(c)   Reports on Form 8-K


            The  Registrant  filed the following  reports on Form 8-K during
            the three months ended October 31, 2004:

(i)   Navistar  Financial  2003-A  Owner  Trust  filed  the  September
            Servicer Certificate on Form 8-K dated October 21, 2004.

(ii)  Navistar  Financial 2003-A Owner Trust filed the August Servicer
            Certificate on Form 8-K dated September 20, 2004.

(iii) Navistar  Financial  2003-A Owner Trust filed the July  Servicer
            Certificate on Form 8-K dated September 01, 2004.


<PAGE>


                                    SIGNATURE




Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  registrant  has duly  caused  this report to be signed on its
behalf by the undersigned, thereunto duly authorized.



                      NAVISTAR FINANCIAL 2003-A OWNER TRUST
             (Exact name of Registrant as specified in its charter)





By: /s/ PAUL MARTIN                                    January 31, 2005
    --------------------------------
        Paul Martin
        Vice President and Controller
        (Principal Accounting Officer)


<PAGE>
Schedule 13
Page 1 of 3

Navistar Financial 2003 - A Owner Trust
For the Months of November 2003 to October 2004
Fiscal Year 2004

<Table>
<Caption>

<S>                                           <C>              <C>
Closing Date                                                          6/5/2003
Original Pool Amount                                           $326,316,883.05
Subsequent Closing Date                                               6/5/2003
Subsequent Pool Amount                                          $67,372,775.52
Subsequent Closing Date                                               7/7/2003
Subsequent Pool Amount                                         $106,309,639.77

Beginning Pool Balance as of 11/01/03                          $402,769,831.96
Beginning Pool Factor as of 11/01/03                                 0.8055408

Principal and Interest Collections:
     Principal Collected
        (Including Servicer Advance Repay)                     $160,418,000.67
     Interest Collected                                         $23,085,094.83

Additional Deposits:
     Repurchase Amounts                                                  $0.00
     Liquidation Proceeds / Recoveries                           $2,859,987.14
Total Additional Deposits                                        $2,859,987.14

Repos / Chargeoffs                                               $3,795,875.13
Aggregate Number of Notes Charged Off                                    1,024

Total Available Funds                                          $183,705,027.81

Ending Pool Balance as of 10/31/04                             $241,214,010.99
Ending Pool Factor as of 10/31/04                                    0.4824287

Servicing Fee                                                     3,204,679.39

Memo: Servicer will allocate $18,000 of
      Servicing Fee for Administration Fee

Repayment of Servicer Advances                                   $2,658,054.83

Memo Item - Reserve Account
     Opening Balance                                            $22,219,532.73
     Investment Income Earned during the Year                      $187,264.50
     Excess Servicing                                           $12,995,943.15
     Transfer from/(to) Collections Account                              $0.00
     Beginning Balance                                          $35,402,740.38

Reserve Account:
     Beginning Balance  (see Memo Item)                         $35,402,740.38
     Target Percentage                                                    5.50%
     Target Balance                                             $13,266,770.60
     Minimum Balance                                             $9,999,985.97
     (Release) / Deposit                                       ($22,135,969.78)
     Ending Balance                                             $13,266,770.60

Delinquencies                                      Dollars               Notes
     Installments:    1 - 30 days             1,492,828.80               1,288
                      31 - 60 days              216,351.06                 216
                      60+  days                 149,272.02                  64

     Total:                                   1,858,451.88               1,316

     Balances:        60+  days               1,207,419.40                  64
</Table>

<PAGE>


Schedule 13
Page 2 of 3

Navistar Financial 2003 - A Owner Trust
For the Months of November 2003 to October 2004
Fiscal Year 2004

<Table>
<Caption>

                                                     NOTES
                                   TOTAL       CLASS A - 1        CLASS A - 2       CLASS A - 3      CLASS A - 4          CLASS B
<S>                      <C>                <C>               <C>               <C>              <C>               <C>
Original Pool Amount     $500,000,000.00    $85,000,000.00    $175,000,000.00   $113,000,000.00  $108,250,000.00   $18,750,000.00
Distributions:
     Distribution
       Percentages                                    0.00%             96.25%             0.00%            0.00%             3.75%
     Coupon                                         1.2500%            1.3100%           1.7300%          2.2400%           3.0800%

Beginning Pool Balance   $402,769,831.96
Ending Pool Balance      $241,214,010.99

Collected Principal      $157,759,945.84
Collected Interest        $23,085,094.83
Charge - Offs              $3,795,875.13
Liquidation Proceeds /
  Recoveries               $2,859,987.14
Servicing                  $3,204,679.39
Cash Transfer from
  Reserve Account                  $0.00
Total Collections Avail
  for Debt Service       $180,500,348.42

Beginning Balance        $402,769,831.96             $0.00    $163,228,463.26   $113,000,000.00  $108,250,000.00   $18,291,368.70

Interest Due                 $415,599.91             $0.00         $18,321.60       $162,908.33      $202,066.67       $32,303.31
Interest Paid              $5,948,584.30             $0.00      $1,100,568.84     $1,954,899.96    $2,424,800.04      $468,315.46
Principal Due              $9,404,845.01             $0.00      $9,052,163.32             $0.00            $0.00      $352,681.69
Mandatory Prepayments
  Class A-1 only                   $0.00             $0.00
Principal Paid           $161,555,820.97             $0.00    $155,497,477.69             $0.00            $0.00    $6,058,343.28

Ending Balance           $241,214,010.99             $0.00      $7,730,985.57   $113,000,000.00  $108,250,000.00   $12,233,025.42
Note / Certificate
   Pool Factor                                      0.0000             0.0442            1.0000           1.0000           0.6524
   (Ending Balance /
     Original
     Pool Amount)
Total Distributions      $167,504,405.27             $0.00    $156,598,046.53     $1,954,899.96    $2,424,800.04    $6,526,658.74

Interest Shortfall                 $0.00             $0.00              $0.00             $0.00            $0.00            $0.00
Principal Shortfall                $0.00             $0.00              $0.00             $0.00            $0.00            $0.00
     Total Shortfall               $0.00             $0.00              $0.00             $0.00            $0.00            $0.00
     (required from
        Reserve)
Excess Servicing          $12,995,943.15
     (see Memo Item -
        Reserve
        Account)

Beginning Reserve
  Acct Balance            $35,402,740.38
(Release) / Draw         ($22,135,969.78)
Ending Reserve
  Acct Balance            $13,266,770.60

Memo Item -
  Advances:
Total Outstanding
  Servicer Advances        $2,869,617.79
</Table>

Note: Ending principal balance includes the effect of the November  distribution
for the October period.

1) Principal  distributions  will be paid in the  following  priority:  First to
Class A-1 until paid in full,  second  96.25%  applied  sequentially  to Class A
notes  and 3.75% to Class B notes  until  all Class A Notes are  repaid in full,
then 100% to Class B Notes.

2) Class  A-1  Interest  based on  Actual  Number  of Days.  Interest  for first
settlement  based off 11 days,  from  06/05/03 to 06/16/03 for Class A-1.  Class
A-2,  A-3,  A-4,  and  Class  B  Interest  calculated  on 10 days  (06/05/03  to
06/15/03).

<PAGE>


Schedule 13
Page 3 of 3

Navistar Financial 2003 - A Owner Trust
For the Months of November 2003 to October 2004
Fiscal Year 2004


At each Distribution Date, an annualized loss percentage is computed. If the
annualized percentage exceeds 1.5%, any monthly excess servicing is transferred
to the reserve account to 10.0% of the ending receivable balance. When the
annualized loss percentage falls to or below 1.5%, the reserve account
requirement returns to the greater of the specified target amount or the
specified minimum balance.

The annualized loss percentage is calculated as follows: The numerator of which
is equal to the sum of the aggregate losses plus liquidation proceeds for each
of the calendar months which are the fifth, fourth and third calendar months
preceding the calendar month immediately preceding that Distribution Date, minus
the sum of the liquidation proceeds for the monthly periods which are the first,
second and third calendar months preceding the calendar month immediately
preceding such Distribution Date, and the denominator of which is the sum of the
remaining gross balances of all outstanding receivables as of the last day of
each of the sixth, fifth and fourth calendar months preceding the calendar month
immediately preceding that Distribution Date.


     The annualized loss (recovery) percentages reported at each Distribution
     Date are as follows:

              November    2003     0.4975%            May    2004     0.0261%
              December    2003     0.2934%           June    2004     0.1026%
               January    2004     0.5449%           July    2004     0.2703%
              February    2004     0.2351%         August    2004     0.4413%
                 March    2004     0.3383%      September    2004     0.1252%
                 April    2004     0.0483%        October    2004    -0.4309%


At each Distribution Date a three-month rolling average delinquency percentage
is calculated. If this percentage exceeds 2.0%, any monthly excess servicing is
used to fund the reserve account to 10.0% of the ending receivable balance. When
the delinquency percentage falls below 2.0%, the reserve account requirement
returns to the greater of the specified target amount or the specified minimum
balance.

The delinquency percentage is calculated as follows:
The numerator of which is equal to the aggregate remaining gross balances of all
outstanding receivables which are 61 days or more past due as of the last day of
the related monthly period and the denominator of which is equal to the
aggregate remaining gross balances of all outstanding receivables on the last
day of such monthly period.


     The three month rolling averages reported at each Distribution Date are as
     follows:

              November    2003     0.20591%           May    2004     0.36606%
              December    2003     0.28090%          June    2004     0.36054%
               January    2004     0.36721%          July    2004     0.34535%
              February    2004     0.46552%        August    2004     0.35810%
                 March    2004     0.44787%     September    2004     0.38420%
                 April    2004     0.46598%       October    2004     0.40695%