owed to Indemnified Parties
#REF!
#REF! G)
Transition Expenses (if Any)
#REF!
#REF! H)
[Reserved]
#REF!
#REF!
Minimum Balance
#REF!
Excess Cash/(Deficit)
#REF!
Compliance?
#REF!
Note: Items D, E and F are limited to [*]
XV. [Reserved]
SECTION IV - Performance Triggers
XVI.
Termination Events - Month End Only A)
Participation Test
1 )
Investment
#REF!
2 )
Loss Reserve
#REF!
3 )
Cash wired to paydown Investment
#REF!
5 )
Investment + Loss Reserve - Cash wired
#REF!
6
)
Net Receivable Pool Balance
#REF!
7 )
Trust's Share %
[5) / 6)]
#REF!
8 )
Trust's Share % Limit
#REF!
100.00
%
B)
Default Ratio Test
1 )
Receivables [*] days past
due + Write-offs and Notes <[*] past due
Jan-10
#REF!
#REF!
+
A/R conv to Notes <[*] past due (Ref Tab 1 for details)
#REF!
#REF!
#REF!
2 )
Receivables Originated [*] months prior (Cash Disbur.)
#REF!
#REF!
#REF!
3 )
Default Ratio [1/2]
#REF!
#REF!
#REF!
Maximum [*] Default Ratio
In Compliance
[*]
4 )
[*] Avg Default Ratio
#REF!
Maximum [*] Avg Default Ratio
#REF!
[*]
C)
Delinquency Ratio Test
Jan-10
#REF!
#REF!
1 )
Total Delinquent Receivables
#REF!
#REF!
#REF!
2 )
Outstanding Balance of Pool Receivables
#REF!
#REF!
#REF!
3 )
Delinquency Ratio [1/2]
#REF!
#REF!
#REF!
Maximum
[*] Delinquency Ratio
In Compliance
[*]
4 )
[*] Avg
Delinquency Ratio
#REF!
Maximum [*] Avg Delinquency Ratio
#REF!
[*]
Page 4
Automotive Finance Canada, Inc.
Servicer Report
Dated:
30-Jan-10
Inputs
# of Days in Month:
30
Receivables Purchase Agreement dated as of February 8, 2010 Automotive Finance
Canda, Inc., as Seller and Service, KAR Auction Services, Inc., as Performance
Guarantor, and Precision Trust, as Noteholder.
D)
Net Spread Test
Jan-10
#REF!
#REF!
30 days
#REF!
#REF!
1)
Finance Charge Collections
#REF!
#REF!
#REF!
2)
Discount Expensed During Month (actual)
#REF!
#REF!
#REF!
3)
Monthly Facility Fees (includes pgm fee & insur premium)
#REF!
#REF!
#REF!
4)
Monthly Utilization Fee
#REF!
#REF!
#REF!
5)
Backup Servicing Fees and Unaffiliated Servicer Fees
#REF!
#REF!
#REF!
6)
Transition Expenses (if any)
#REF!
#REF!
#REF!
7)
Notional Servicer Fee [*]
#VALUE!
#VALUE!
#VALUE!
8)
Other Fees
> $100
#REF!
#REF!
#REF!
9)
Receivables [*] Days Past Due
#REF!
#REF!
#REF!
10)
Write-offs/Non-Cash AJE's
#REF!
#REF!
#REF!
11)
A/R Converted to Notes
#REF!
#REF!
#REF!
Subtotal
#REF!
#REF!
#REF!
12)
Add Back 10) & 11) greater than
[*] days old
#REF!
#REF!
#REF!
13)
Recoveries
#REF!
#REF!
#REF!
14)
Collections on defaulted receivables
#REF!
#REF!
#REF!
15)
Excess Finance Collections
#REF!
#REF!
#REF!
16)
Average Aggregate Balance Pool Receivables
#REF!
#REF!
#REF!
Applicable Net Spread Trigger
17)
Net Spread [*]
#REF!
#REF!
#REF!
[*]
[*]
18)
Minimum Net Spread
[*]
[*]
[*]
[*]
Compliance [*]
#REF!
2010
[*]
[*]
18)
[*] Avg Net Spread (level I)
#REF!
E)
Minimum Eligible
Receivables
1)
Eligible Receivables
#REF!
2)
Minimum
Eligible Receivables
30,000,000
Compliance [1 > 2]
#REF!
F)
Minimum Cash Reserve
1)
Amount on Deposit in Cash Reserve
#REF!
2)
Minimum