Dealer Auto Receivables Owner Trust 2000-1 December 2000 Monthly Distribution Report

Summary

This report details the monthly distribution of funds for Dealer Auto Receivables Owner Trust 2000-1 as of December 15, 2000. It outlines payments made to Premier Auto Finance, Inc. for servicing fees, and to note and certificate holders for interest and principal, as well as reserve account activity. The document summarizes the allocation of collected funds, calculation of distributable amounts, and payment of fees, in accordance with the Sale and Servicing Agreement. The parties involved include Premier Auto Finance, Inc., Bank of New York, Chase, and various note and certificate holders.

EX-10.1 2 a2034740zex-10_1.txt MONTHLY REPORT DTD AS OF DEC 15 2000 DECEMBER 15, 2000 DART 2000-1 DISTRIBUTION SUMMARY

/s/ Randall S. Royer - -------------------------------------------------- VP - Assistant Treasurer /s/ Gil Van Over - -------------------------------------------------- EVP - Chief Operating Officer DEALER AUTO RECEIVABLES OWNER TRUST 2000-1

MONTHLY REPORT FOR THE DECEMBER 15, 2000 DISTRIBUTION DATE

4 Class A-4 Interest Rate 7.12% ----------------- 5 Class B Interest 7.46% Rate ----------------- 6 Class A-1 Note Interest Distributable Amount $497,667.13 ----------------- 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 $3,734,161.56 D.11) ----------------- E CALCULATION OF NOTE DISTRIBUTABLE AMOUNT (SUM OF C.3 PLUS D.12.) $30,903,342.14 ----------------- 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 $0.00 Date ----------------- 5 Certificate Principal Distributable Amount (the sum of 4.(a) and $0.00 4.(b)) ----------------- 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 $0.00 Date ----------------- 3 Certificate Interest Distributable Amount (sum of 2.(a) and $87,068.70 2.(b)) ----------------- H CALCULATION OF CERTIFICATE DISTRIBUTABLE AMOUNT (SUM OF F.5 AND G.3) $87,068.70 -----------------

I FEES 1 The Monthly Servicing Fee for such Distribution Date $543,466.30 (1/12 of the product of 1% and the Aggregate Principal Balance of the Contracts as of the beginning of the preceding Distribution Date) 2 Late Payment Penalty Fees for such Distribution Date $79,536.90 ----------------- 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 $29,121,871.78 ----------------- 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 $29,018,902.15 ----------------- b All Net Liquidation Proceeds $0.00 ----------------- 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 $102,969.63 Agreement ----------------- g Total amount of funds deposited into the Collection Account pursuant to Section 5.05(b) $29,121,871.78 ----------------- (the sum of a. through g.) 2 The amount of funds permitted to be withdrawn from the Collection Account pursuant to clauses (i) through (iii) of Section 7.03(a) of the Sale and Servicing Agreement with respect to related Due Period $543,466.30 ----------------- 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 $543,466.30 Period ----------------- 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 $0.00 Period ----------------- e Total amount of funds permitted to be withdrawn from the Collection Account pursuant to clauses(i) through (iii) Section 7.03(a) of the Sale and Servicing Agreement with respect to the related Due Period (sum of a. through d.) $543,466.30
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 $28,578,405.48 ----------------- (1(g) minus 2(e)) 4 The Available Amounts otherwise distributable to the Certificateholders that will be distributed to the Noteholders on such Distribution Date $0.00 ----------------- 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 $2,491,542.26 ----------------- 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. $130,321.08 ----------------- Q THE AMOUNT ON DEPOSIT IN THE RESERVE FUND AFTER GIVING EFFECT TO DEPOSITS AND WITHDRAWALS THEREFROM ON SUCH DISTRIBUTION DATE $27,716,980.11 ----------------- 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 $26,562,091.11 -----------------

S THE POOL FACTOR
Factor immediately Before Factor immediately After such Distribution Date such Distribution Date Class A-1 Note 1 0 ###-###-#### 7 0 ###-###-#### ------------ ----------- 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 31-59 Days 1,512 $17,589,332.77 ----------------------------- 2 60-89 Days 359 $4,227,346.80 ----------------------------- 3 90 or More Days 175 $2,117,879.34 ----------------------------- Total Delinquent Receivables 2,046 $23,934,558.91 60+ Days Delinquencies as Percentage of Receivables 1.02% Delinquency Ratio for Second Preceding Collection Period 0.75% Delinquency Ratio for Preceding Collection Period 0.86% Delinquency Ratio for Current Collection Period 1.02% Average Delinquency Ratio (Reserve Fund Trigger Event >= 2.0%) 0.88% U DEFAULTED CONTRACTS 1 Total Defaulted Contracts for the Due Period 329 $2,880,662.15 ------------------ 2 Identity (attach) 3 Liquidation proceeds for the Due Period $403,492.88 ------------------ 4 Liquidation expenses for the Due Period $29,275.13 ------------------ 5 Net Liquidation Proceeds for the Due Period $374,217.75 ------------------ 6 Net Liquidation Losses for the Due Period $2,506,444.40 ------------------ Principal Recoveries of Defaulted Receivables $27,270.35 Principal on Defaulted Receivables $2,880,662.15 Pool Balance at Beginning of Collection Period $652,159,559.61 Net Loss Ratio for Current Collection Period 4.61% Net Loss Ratio for Second Preceding Collection Period 1.27% Net Loss Ratio for Preceding Collection Period 1.63%
Net Loss Ratio for Current Collection Period 4.61% Average Net Loss Ratio (Reserve Fund Trigger Event >= 2.5%) 2.50% V ADVANCES 1 Unreimbursed Advances prior to such Distribution Date $546,400.99 ------------------ 2 Amount paid to Servicer on such Distribution Date to reimburse Servicer for such $0.00 unreimbursed Advances ------------------ 3 Amount of Delinquent Interest for the related Due Period $160,168.66 ------------------ 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 Agreement) $160,168.66 ------------------ 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 57,806 ------------------ 2 Principal Balance of Contracts as of beginning of Due Period 652,159,559.61 ------------------ 3 The weighted average Contract Rate of the Contracts as of the beginning of the Due Period 11.61% ------------------ 4 The weighted average remaining term to maturity of the Contracts as of the beginning of the Due Period 45.00 ------------------ 5 Number of Contracts as of end of Due Period 56,574 ------------------ 6 Principal Balance of Contracts as of end of Due Period 624,990,379.03 ------------------ 7 The weighted average Contract Rate of the Contracts as of the end of the Due Period 11.62% ------------------ 8 The weighted average remaining term to maturity of the Contracts as of the end of the Due Period 44.17 ------------------