Conformed Copy




                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                  Form 10-Q



/ X /   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
        EXCHANGE ACT OF 1934.

        For the quarterly period ended     June 30, 1999
                                       --------------------

                                      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: 333-71169-03
                        ------------

                          PREMIER AUTO TRUST 1999-3
-----------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)


       State of Delaware                                  Applied For
-----------------------------------------------------------------------------
(State or other jurisdiction of                         (I.R.S.  Employer
 incorporation or organization)                          Identification No.)


27777 Franklin Road, Southfield, Michigan                      48034
-----------------------------------------------------------------------------
(Address of principal executive offices)                     (Zip Code)


Registrant's telephone number, including area code       (248) 948-3067
                                                   --------------------------

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 (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes ___ No __X__










                        PART I. FINANCIAL INFORMATION


ITEM 1.        FINANCIAL STATEMENTS

The interim financial data presented herein are unaudited, but in the opinion
of management reflect all adjustments necessary for a fair presentation of
such information (see Note 1). Results for interim periods should not be
considered indicative of results for a full year.




                                      2







ITEM 1.        FINANCIAL STATEMENTS - (CONTINUED)


                          PREMIER AUTO TRUST 1999-3
                 STATEMENT OF ASSETS, LIABILITIES AND EQUITY
                                JUNE 30, 1999
                           (in millions of dollars)


ASSETS

Cash and Cash Equivalents (Note 1)                              $    3.8

Receivables (Note 3)                                             1,525.0
                                                                --------


TOTAL ASSETS                                                    $1,528.8
                                                                ========



LIABILITIES AND EQUITY

Amounts Held for Future Distribution (Note 1)                   $   21.6

Asset Backed Notes (Notes 3 and 4)                               1,507.2
                                                                --------


TOTAL LIABILITIES AND EQUITY                                    $1,528.8
                                                                ========






See Notes to Financial Statements.

                                      3






ITEM 1.        FINANCIAL STATEMENTS - (CONTINUED)


                          PREMIER AUTO TRUST 1999-3
                 STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
        FOR THE PERIOD JUNE 1, 1999 (INCEPTION) THROUGH JUNE 30, 1999
                          (in millions of dollars)


CASH RECEIPTS

Proceeds from Sale of Notes                                        $1,507.2

Collections of Principal & Interest, and Other                          3.8
                                                                   --------

TOTAL CASH RECEIPTS                                                 1,511.0
                                                                   --------



CASH DISBURSEMENTS

Purchase of Receivables                                             1,507.2

Distribution of Principal & Interest, and Other                           -
                                                                   --------

TOTAL CASH DISBURSEMENTS                                            1,507.2
                                                                   --------

CASH RECEIPTS IN EXCESS OF CASH DISBURSEMENTS                      $    3.8
                                                                   ========




See Notes to Financial Statements.

                                      4







ITEM 1.  FINANCIAL STATEMENTS - (CONTINUED)


                          PREMIER AUTO TRUST 1999-3
                        NOTES TO FINANCIAL STATEMENTS


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting

The financial statements of Premier Auto Trust 1999-3 (the "Trust") are
prepared on the basis of cash receipts and disbursements, which is a
comprehensive basis of accounting other than generally accepted accounting
principles. The primary difference from the accrual basis to this basis is
that the financial statements do not record accrued interest receivable on
the Receivables or accrued interest payable on the Notes from the most recent
Distribution Date to the balance sheet date.

Cash and Cash Equivalents

Short-term instruments with a maturity of less than three months when
purchased are considered to be cash equivalents. The Trust received certain
cash deposits from Chrysler Financial Company L.L.C. ("CFC") which are held
as liquidity and credit enhancement reserves and invested in short-term
instruments. Under the Sale and Servicing Agreement, the servicer is required
to convey principal and interest collections to the Trust on a monthly basis.

Amounts Held for Future Distribution

Amounts held for future distribution represent certain short-term investments
held for future distributions to Noteholders and for liquidity and credit
enhancement reserves. Amounts held for liquidity and credit enhancement
reserves which are not utilized for future distributions to Noteholders will
be distributed to Premier Receivables L.L.C. ("Premier L.L.C.").


NOTE 2 - RELATED PARTIES

Premier L.L.C. is a limited liability company controlled by CFC. On November
12, 1998, CFC's parent, Chrysler Corporation, became a wholly owned
subsidiary of DaimlerChrysler, AG ("Daimler") and on November 17, 1998,
Chrysler Corporation changed its name to DaimlerChrysler Corporation
("DaimlerChrysler").




                                      5






ITEM 1.  FINANCIAL STATEMENTS - (CONTINUED)


                          PREMIER AUTO TRUST 1999-3
                        NOTES TO FINANCIAL STATEMENTS


NOTE 3 - SALE OF ASSET BACKED NOTES

The Trust was formed under the laws of Delaware pursuant to an Amended and
Restated Trust Agreement dated as of June 1, 1999, among Premier L.L.C., CFC,
and Chase Manhattan Bank Delaware, acting thereunder not in its individual
capacity but solely as trustee of the Trust.

On June 21, 1999, the Trust issued $280,000,000 aggregate principal amount of
5.116% Asset Backed Notes, Class A-1 (the "Class A-1 Notes"), $480,000,000
aggregate principal amount of 5.82% Asset Backed Notes, Class A-2 (the "Class
A-2 Notes"), $390,000,000 aggregate principal amount of 6.27% Asset Backed
Notes, Class A-3 (the "Class A-3 Notes"), and $300,684,000 aggregate
principal amount of 6.43% Asset Backed Notes, Class A-4 (the "Class A-4
Notes" and, together with the Class A-1 Notes, the Class A-2 Notes and the
Class A-3 Notes, the "Notes"). The Notes were issued pursuant to an Indenture
dated as of June 1, 1999, between the Trust and The First National Bank of
Chicago, as Indenture Trustee. The assets of the Trust include a pool of
motor vehicle retail installment sale contracts ("Receivables"), secured by
security interests in the motor vehicles financed thereby and including
certain monies due or received thereunder on or after June 7, 1999,
transferred to the Trust by CFC on June 21, 1999. The Notes are secured by
the assets of the Trust pursuant to the Indenture. The Trust also issued
$56,520,000 aggregate principal amount of Asset Backed Certificates (the
"Certificates" and, together with the Notes, the "Securities"). The
Certificates represent fractional undivided interests in the Trust. The
Certificates were not offered and will initially be held by the servicer,
which may thereafter sell the Certificates. The Certificates will not bear
interest and no principal will be paid until the Notes have been paid in
full.


NOTE 4 - PRINCIPAL AND INTEREST PAYMENTS

Interest on the Notes will accrue at the respective fixed per annum interest
rates specified above. Interest on the Notes will generally be payable on the
eighth day of each month or, if any such day is not a Business Day, on the
next succeeding Business Day (each, a "Distribution Date"), commencing July
8, 1999. Principal of the Notes will be payable on each Distribution Date to
the extent described in the Prospectus Supplement dated June 15, 1999, and
the Prospectus dated June 15, 1999 (collectively, the "Prospectus"); however,
no principal payments will be made (i) on the Class A-2 Notes until the Class
A-1 Notes have been paid in full, (ii) on the Class A-3 Notes until the Class
A-2 Notes have been paid in full or (iii) on the Class A-4 Notes until the
Class A-3 Notes have been paid in full. Each class of the Notes will be
payable in full on the applicable final scheduled Distribution Date as set
forth in the Prospectus. However, payment in full of a class of Notes could
occur earlier than such dates as described in the Prospectus. In addition,
the Class A-4 Notes will be subject to redemption in whole, but not in part,
on any Distribution Date on which the servicer exercises its option to
purchase the Receivables. The servicer may purchase the Receivables when the
aggregate principal balance of the Receivables shall have declined to 10% or
less of the initial aggregate principal balance of the Receivables purchased
by the Trust.


                                      6



ITEM 1. FINANCIAL STATEMENTS - (CONTINUED)

                          PREMIER AUTO TRUST 1999-3
                        NOTES TO FINANCIAL STATEMENTS


NOTE 5 - FEDERAL INCOME TAXES

In the opinion of outside legal counsel, for federal income tax purposes, the
Notes will be characterized as debt, and the Trust will not be characterized
as an association (or a publicly traded partnership) taxable as a
corporation.


ITEM 2.        MANAGEMENT'S DISCUSSION AND ANALYSIS OF
               FINANCIAL CONDITION AND RESULTS OF OPERATIONS


The Trust was formed under the laws of Delaware pursuant to an Amended and
Restated Trust Agreement dated as of June 1, 1999, among Premier L.L.C., CFC,
and Chase Manhattan Bank Delaware, acting thereunder not in its individual
capacity but solely as trustee of the Trust.

On June 21, 1999, the Trust issued $280,000,000 aggregate principal amount of
5.116% Asset Backed Notes, Class A-1 (the "Class A-1 Notes"), $480,000,000
aggregate principal amount of 5.82% Asset Backed Notes, Class A-2 (the "Class
A-2 Notes"), $390,000,000 aggregate principal amount of 6.27% Asset Backed
Notes, Class A-3 (the "Class A-3 Notes"), and $300,684,000 aggregate
principal amount of 6.43% Asset Backed Notes, Class A-4 (the "Class A-4
Notes" and, together with the Class A-1 Notes, the Class A-2 Notes and the
Class A-3 Notes, the "Notes"). The Notes were issued pursuant to an Indenture
dated as of June 1, 1999, between the Trust and The First National Bank of
Chicago, as Indenture Trustee. The assets of the Trust include a pool of
motor vehicle retail installment sale contracts ("Receivables"), secured by
security interests in the motor vehicles financed thereby and including
certain monies due or received thereunder on or after June 7, 1999,
transferred to the Trust by CFC on June 21, 1999. The Notes are secured by
the assets of the Trust pursuant to the Indenture. The Trust also issued
$56,520,000 aggregate principal amount of Asset Backed Certificates (the
"Certificates" and, together with the Notes, the "Securities"). The
Certificates represent fractional undivided interests in the Trust. The
Certificates were not offered and will initially be held by the servicer,
which may thereafter sell the Certificates. The Certificates will not bear
interest and no principal will be paid until the Notes have been paid in
full.

The Trust has no employees.

Year 2000

The Trust relies on the servicer's computer systems. CFC, as servicer, has
conducted an evaluation of the actions necessary to ensure that its business
critical computer systems will function without disruption with respect to
the application of dating systems in the Year 2000. As a result of this
evaluation, CFC is engaged in the process of upgrading, replacing and testing
certain of its information and other computer systems. CFC's remedial actions
are scheduled to be completed during the third quarter of 1999 and, based
upon information currently available, CFC does not anticipate that the costs
of its remedial actions will be material to the consolidated results of
operations and financial position of CFC and are being expensed as incurred.
However, there can be no assurance that the remedial actions being
implemented by CFC will be completed in time to avoid dating systems problems
or that the cost will not be material to CFC. If CFC is unable to complete
its remedial actions in the planned timeframe, contingency plans will be
developed to address those business


                                      7




ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF
           FINANCIAL CONDITION AND RESULTS OF OPERATIONS - (CONTINUED)

critical computer systems that may not be Year 2000 compliant.

In addition, disruptions with respect to vendor or customer computer systems,
which are outside the control of CFC, could impair the ability of CFC to
obtain necessary services or to provide services to their customers.
Disruptions of CFC's computer systems, or the computer systems of CFC's
vendors or customers, as well as the cost of avoiding such disruption, could
have a material adverse effect upon the financial condition and results of
operations of CFC. CFC has a process in place to assess the Year 2000
readiness of its business critical vendors and customers. CFC believes that
the most likely worst case scenario is that a small number of vendors will be
unable to supply service for a short time after January 1, 2000. As part of
the assessment process, CFC will develop contingency plans for those business
critical vendors who are either unable or unwilling to develop remediation
plans to become Year 2000 compliant. Although these plans have yet to be
developed, CFC expects that these plans will include selective resourcing of
services to Year 2000 compliant vendors. CFC expects that vendors in this
category will represent an insignificant part of its total service base. It
is expected that these plans will be in place by the third quarter of 1999.

Any inability to complete the remedial actions referred to in the preceding
two paragraphs in a timely manner could result in delays in collections on
the Receivables and payments on the Notes.



                                      8






                          PART II. OTHER INFORMATION


ITEM 1

There is nothing to report with regard to this item.

Item 2

(1)      The effective date of the Securities Act registration statement:
         February 12, 1999. The date of the Prospectus Supplement is June 15,
         1999.


(2)      The offering date:         June 21, 1999


(4)      The offering did not terminate before any securities were sold.

  (i)    The offering has terminated and all securities registered were sold
         before termination.

 (ii)    The name(s) of the managing underwriter(s):

         Salomon Smith Barney Inc.
         Chase Securities Inc.
         Bear, Stearns & Co. Inc
         Merrill Lynch, Pierce, Fenner & Smith Incorporated
         Morgan Stanley & Co. Incorporated

(iii)    The title of each class of securities registered:

         5.82% Asset Backed Notes, Class A-2
         6.27% Asset Backed Notes, Class A-3
         6.43% Asset Backed Notes, Class A-4

 (iv)    For each class of securities (other than a class of securities into
         which a class of convertible securities registered may be converted
         without additional payment to the issuer):


                                      9





ITEM 2. (4)(IV) OTHER INFORMATION - (CONTINUED)


<TABLE>
<CAPTION>
                                                    Aggregate                                  Aggregate
                                                    Price of                                   Offering
     Title                                          Offering                                   Price of
      of                        Amount                Amount               Amount               Amount
   Security                   Registered            Registered              Sold                 Sold
   --------                   ----------            ----------             ------              ----------
<S>                         <C>                  <C>                  <C>                  <C>
5.82% Asset Backed Notes,
Class A-2                   $  480,000,000       $  479,997,120       $  480,000,000       $  479,997,120

6.27% Asset Backed Notes,
Class A-3                   $  390,000,000       $  389,983,230       $  390,000,000       $  389,983,230

6.43% Asset
Backed Notes, Class A-4     $  300,684,000       $  300,641,904       $  300,684,000       $  300,641,904
                            --------------       --------------       --------------       --------------

TOTAL                       $1,170,684,000       $1,170,622,254       $1,170,684,000       $1,170,622,254
                            ==============       ==============       ==============       ==============

(v)      The amount of expenses incurred for the issuer's account in
         connection with the issuance and distribution of the securities
         registered for the following:

(A)      Direct or indirect payments to directors, officers, general partners
         of the issuer or their associates; to person owning ten (10) percent
         or more of any class of equity securities of the issuer; and to
         affiliates of the issuer: None

(B)      Direct or indirect payments to others:

         (1)   Underwriting discounts and commissions:        $2,262,960
         (2)   Finders' Fees:                                         $0
         (3)   Expenses paid to or for underwriters:                  $0
         (4)   Other expenses:                                        $0
         (5)   Total expenses:                                $2,262,960


(vi)     The net offering proceeds to the issuer after deducting the total
         expenses: $1,168,359,294

(vii)    The amount of net offering proceeds to the issuer used for
         construction of plant, building and facilities; purchase and
         installation of machinery and equipment; purchase of real estate;
         acquisition of other business(es); repayment of indebtedness;
         working capital; temporary investments (which should be specified):
         None

                                     10





ITEM 2. OTHER INFORMATION - (CONTINUED)

         Any other purposes for which at least five (5) percent of the
         issuer's total offering proceeds or $100,000 has been used:

(A)      Direct or indirect payments to directors, officers, general partners
         of the issuer or their associates; to persons owning ten (10)
         percent or more of any class of equity securities of the issuer; and
         to affiliates of the issuer: None

(B)      Direct or indirect payments to others:

         The net proceeds from the sale of the securities were applied by the
         issuer (i) to the purchase of receivables from Chrysler Financial
         Company L.L.C. and (ii) to make the initial deposit into the Reserve
         Account:    $1,168,359,294


(viii)   This Item does not represent a material change in the use of
         proceeds described in the prospectus.

ITEMS 3,4,5

There is nothing to report with regard to these items.

ITEM 6.        EXHIBITS AND REPORTS ON FORM 8-K

(a)      The following exhibits are filed as a part of this report:

Exhibit No.

     3         Certificate of Trust of Premier Auto Trust 1999-3.

     4.1       Amended and Restated Trust Agreement, dated as of June 1,
               1999, among Premier Receivables L.L.C., Chrysler Financial
               Company L.L.C. and Chase Manhattan Bank Delaware, as Owner
               Trustee.

     4.2       Indenture, dated as of June 1, 1999, between Premier Auto
               Trust 1999-2 and The First National Bank of Chicago, as
               Indenture Trustee.

     4.3       Sale and Servicing Agreement, dated as of June 1, 1999,
               between Premier Auto Trust 1999-3 and Chrysler Financial
               Company L.L.C..

     27        Financial Data Schedule


(b)      No reports on Form 8-K were filed by the Trust during the quarter
         for which this report is filed.


                                     11






                          PREMIER AUTO TRUST 1999-3


                                  SIGNATURES


Pursuant to the requirements 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.








                              Premier Auto Trust 1999-3 (Registrant)
                         By:  Chrysler Financial Company, L.L.C., as Servicer
                              -----------------------------------------------







Date:  August 9, 1999    By:  /s/   David H. Olsen
                              -----------------------------------------------
                              David H. Olsen, Vice President and Controller
                                        Principal Accounting Officer



                                     12









                          PREMIER AUTO TRUST 1999-3


                                EXHIBIT INDEX





     Exhibit
     Number                   Description of Exhibit
     -------                  ----------------------

        3           Certificate of Trust of Premier Auto Trust 1999-3.

        4.1         Amended and Restated Trust Agreement, dated as of June 1,
                    1999, among Premier Receivables L.L.C., Chrysler
                    Financial Company L.L.C. and Chase Manhattan Bank
                    Delaware, as Owner Trustee.

        4.2         Indenture, dated as of June 1, 1999, between Premier Auto
                    Trust 1999-3 and The First National Bank of Chicago, as
                    Indenture Trustee.

        4.3         Sale and Servicing Agreement, dated as of June 1, 1999,
                    between Premier Auto Trust 1999-3 and Chrysler Financial
                    Company L.L.C..

       27           Financial Data Schedule




                                     E-1


</TABLE>