Exhibit 99
XXXXXXX AUTO TRUST 1997-A
5.6544% ASSET BACKED NOTES
5.92% ASSET BACKED NOTES
6.03% ASSET BACKED NOTES
6.18% ASSET BACKED NOTES
6.26% ASSET BACKED NOTES
6.38% ASSET BACKED NOTES
Distribution Date: 07/15/98
Collection Period: 06/01/98 - 06/30/98
Under the Sale and Servicing Agreement dated as of September 18, 1997 among
Xxxxxxx Dealer Financial Servies, Inc. (or "BDFS"), as servicer and seller
(the "Servicer"), Xxxxxxx Auto Trust 1997-A, as issuer (the "Trust"), and
BDFS., as sponsor, the Servicer is required certain information each month
regarding current distributions to the Noteholders and the performance of the
Trust during the previous month. The information that is required to be
prepared with respect to the Distribution Date and Collection Period listed
above is set forth below. Certain of the information is presented on the
basis of an original principal amount of $1,000 per Note, and certain other
information is presented based upon the aggregate amounts for the Trust as a
whole.
A. Information Regarding the Current Monthly Distribution
1. Class A-1 Notes
a. The aggregate amount of the distribution with respect
to the Notes $0.00
b. The amount of the distribution set forth in paragraph
A1a above in respect of interest on the Notes. $0.00
c. The amount of the distribution set forth in paragraph
A1a above in respect of principal of the Notes. $0.00
d. The amount of the distribution set forth in paragraph
A1a payable out of amounts withdrawn from the Reserve
Account with respect to the Notes. $0.00
e. The amount of the distribution set forth in paragraph
A1a above, per $1,000 Note. $0.0000000
f. The amount of the distribution set forth in paragraph
A1b above, per $1,000 Note. $0.0000000
g. The amount of the distribution set forth in paragraph
A1c above, per $1,000 Note. $0.0000000
h. The amount of the distribution set forth in paragraph
A1d above, per $1,000 Note. $0.0000000
2. Class A-2 Notes
a. The aggregate amount of the distribution with respect
to the Notes $15,934,718.75
b. The amount of the distribution set forth in paragraph
A2a above in respect of interest on the Notes. $633,757.89
c. The amount of the distribution set forth in paragraph
A2a above in respect of principal of the Notes. $15,300,960.86
d. The amount of the distribution set forth in paragraph
A2a payable out of amounts withdrawn from the Reserve
Account with respect to the Notes. $0.00
e. The amount of the distribution set forth in paragraph
A2a above, per $1,000 Note. $102.8046370
f. The amount of the distribution set forth in paragraph
A2b above, per $1,000 Note. $4.0887606
g. The amount of the distribution set forth in paragraph
A2c above, per $1,000 Note. $98.7158764
h. The amount of the distribution set forth in paragraph
A2d above, per $1,000 Note. $0.0000000
3. Class A-3 Notes
a. The aggregate amount of the distribution with respect
to the Notes $854,250.00
b. The amount of the distribution set forth in paragraph
A3a above in respect of interest on the Notes. $854,250.00
c. The amount of the distribution set forth in paragraph
A3a above in respect of principal of the Notes. $0.00
d. The amount of the distribution set forth in paragraph
A3a payable out of amounts withdrawn from the Reserve
Account with respect to the Notes. $0.00
e. The amount of the distribution set forth in paragraph
A3a above, per $1,000 Note. $5.0250000
f. The amount of the distribution set forth in paragraph
A3b above, per $1,000 Note. $5.0250000
g. The amount of the distribution set forth in paragraph
A3c above, per $1,000 Note. $0.0000000
h. The amount of the distribution set forth in paragraph
A3d above, per $1,000 Note. $0.0000000
4. Class A-4 Notes
a. The aggregate amount of the distribution with respect
to the Notes $463,500.00
b. The amount of the distribution set forth in paragraph
A4a above in respect of interest on the Notes. $463,500.00
c. The amount of the distribution set forth in paragraph
A4a above in respect of principal of the Notes. $0.00
d. The amount of the distribution set forth in paragraph
A4a payable out of amounts withdrawn from the Reserve
Account with respect to the Notes. $0.00
e. The amount of the distribution set forth in paragraph
A4a above, per $1,000 Note. $5.1500000
f. The amount of the distribution set forth in paragraph
A4b above, per $1,000 Note. $5.1500000
g. The amount of the distribution set forth in paragraph
A4c above, per $1,000 Note. $0.0000000
h. The amount of the distribution set forth in paragraph
A4d above, per $1,000 Note. $0.0000000
5. Class A-5 Notes
a. The aggregate amount of the distribution with respect
to the Notes $217,514.13
b. The amount of the distribution set forth in paragraph
A5a above in respect of interest on the Notes. $217,514.13
c. The amount of the distribution set forth in paragraph
A5a above in respect of principal of the Notes. $0.00
d. The amount of the distribution set forth in paragraph
A5a payable out of amounts withdrawn from the Reserve
Account with respect to the Notes. $0.00
e. The amount of the distribution set forth in paragraph
A5a above, per $1,000 Note. $5.2166666
f. The amount of the distribution set forth in paragraph
A5b above, per $1,000 Note. $5.2166666
g. The amount of the distribution set forth in paragraph
A5c above, per $1,000 Note. $0.0000000
h. The amount of the distribution set forth in paragraph
A5d above, per $1,000 Note. $0.0000000
6. Class B Notes
a. The aggregate amount of the distribution with respect
to the Notes $192,081.81
b. The amount of the distribution set forth in paragraph
A6a above in respect of interest on the Notes. $192,081.81
c. The amount of the distribution set forth in paragraph
A6a above in respect of principal of the Notes. $0.00
d. The amount of the distribution set forth in paragraph
A6a payable out of amounts withdrawn from the Reserve
Account with respect to the Notes. $0.00
e. The amount of the distribution set forth in paragraph
A6a above, per $1,000 Note. $5.3166667
f. The amount of the distribution set forth in paragraph
A6b above, per $1,000 Note. $5.3166667
g. The amount of the distribution set forth in paragraph
A6c above, per $1,000 Note. $0.0000000
h. The amount of the distribution set forth in paragraph
A6d above, per $1,000 Note. $0.0000000
7. Certificates
a. The aggregate amount of the distribution with respect
to the Certificates $1,933,146.55
b. The amount of the distribution set forth in paragraph
A7a payable out of amounts withdrawn from the Reserve
Account with respect to the Certificates. $1,933,146.55
B. Information Regarding the Performance of the Trust
1. Pool Balance and Note Principal Balance.
a. The Pool Balance at the close of business on the
last day of the Collection Period. $450,987,717.68
b. The Class A-1 Note Pool Balance after giving effect
to payments allocated to principal as set forth in
paragraph A1c. $0.00
c. The Class A-1 Note Pool Factor after giving affect to
the payments set forth in paragraphA1c 0.0000000%
d. The Class A-2 Note Pool Balance after giving effect
to payments allocated to principal as set forth in
paragraph A2c. $113,163,477.24
e. The Class A-2 Note Pool Factor after giving affect
to the payments set forth in paragraph A2c. 88.0893412%
f. The Class A-3 Note Pool Balance after giving effect
to payments allocated to principal as set forth in
paragraph A3c. $170,000,000.22
g. The Class A-3 Note Pool Factor after giving affect
to the payments set forth in paragraph A3c. 100.0000000%
h. The Class A-4 Note Pool Balance after giving effect
to payments allocated to principal as set forth
in paragraph A4c. $90,000,000.11
i. The Class A-4 Note Pool Factor after giving affect
to the payments set forth in paragraph A4c. 100.0000000%
j. The Class A-5 Note Pool Balance after giving effect
to payments allocated to principal as set forth in
paragraph A5c. $41,696,000.06
k. The Class A-5 Note Pool Factor after giving affect
to the payments set forth in paragraph A5c. 100.0000000%
l. The Class B Note Pool Balance after giving effect
to payments allocated to principal as set forth in
paragraph A6c. $36,128,240.05
m. The Class B Note Pool Factor after giving affect
to the payments set forth in paragraph A6c. 100.0000000%
n. The aggregate Purchase Amount for all Receivables
that were repurchased in the Collection Period. $0.00
o. The aggregate Payahead Balance on such Distribution
Date. $1,157,610.17
p. The change in the Payahead Balance from the preceding
Distribution Date. ($135,816.77)
q. The aggregate Advance Balance on such Distribution Date. $1,932,589.70
r. The change in the Advance Balance from the preceding
Distribution Date. ($78,356.45)
s. Total Collections by the Servicer. $19,097,711.28
t. All amounts received by the Trust from the Servicer. $19,019,354.83
2. Servicing
a. The aggregate amount of the Servicing Fee paid to
the Servicer with respect to the preceding Collection
Period. $388,573.90
3. Payment Shortfalls
a. The amount of the Class A Noteholders' Interest
Carryover Shortfall after giving effect to the
payments set forth in paragraph A1b above with
respect to the Notes. $0.00
b. The amount of the Class A Noteholders' Interest
Carryover Shortfalls set forth in paragraph B3a
above per $1,000 interest with respect to the
Class A Notes. $0.00
c. The amount of the Class B Noteholders' Interest
Carryover Shortfall after giving effect to the
payments set forth in paragraph A1b above with
respect to the Notes. $0.00
d. The amount of the Class B Noteholders' Interest
Carryover Shortfalls set forth in paragraph B3a
above per $1,000 interest with respect to the
Class B Notes. $0.00
e. The amount of the Class A Noteholders' Principal
Carryover Shortfall after giving effect to the
payments set forth in paragraph A1b above with
respect to the Notes. $0.00
f. The amount of the Class A Noteholders' Principal
Carryover Shortfalls set forth in paragraph B3a
above per $1,000 Principal with respect to the
Class A Notes. $0.00
g. The amount of the Class B Noteholders' Principal
Carryover Shortfall after giving effect to the
payments set forth in paragraph A1b above with
respect to the Notes. $0.00
h. The amount of the Class B Noteholders' Principal
Carryover Shortfalls set forth in paragraph B3a
above per $1,000 Principal with respect to the
Class B Notes. $0.00
4. Losses and Delinquencies
a. The aggregate amount scheduled to be paid, including
unearned finance and other charges, for which Obligors
are delinquent 60 days or more. $3,072,638.54
b. The amount of the aggregate Realized Losses for
such Collection Period. $694,762.90
c. Cumulative Realized Losses from the Closing Date,
including Realized Losses for such Collection Period. $4,064,946.78
d. Recoveries, if any, for such Collection Period. $31,335.31
5. Reserve Account
a. The Reserve Account balance as of the last day of
the preceding Collection Period, including earnings. $23,424,605.07
b. Earnings included in above balance. $110,171.14
c. Transfer to Reserve Account from Collection
Account on Distribution Date. $1,057,927.36
d. Payments to the Certificateholders ($1,933,146.55)
e. The Reserve Account balance as of the Distribution
Date set forth above after giving effect to the
distribution in respect of principal made on such $22,549,385.88
Distribution Date.
6. Delinquency
a. Percentage of principal balance of Receivables
delinquent 31 to 60 days. 0.84%
b. Percentage of principal balance of Receivables
delinquent 61 to 90 days. 0.40%
c. Percentage of principal balance of Receivables
delinquent over 90 days. 0.25%
7. WAC/WAM
a. Weighted Average Coupon of Receivables 12.10%
b. Weighted Average Remaining Term of Receivables 49.99
SCHEDULE OF EXCESS CASH
1. Total interest collected in collection period $4,502,367.99
2. - Interest on Class A-1 Notes $0.00
3 - Interest on Class A-2 Notes ($633,757.89)
4. - Interest on Class A-3 Notes ($854,250.00)
5. - Interest on Class A-4 Notes ($463,500.00)
6. - Interest on Class A-5 Notes ($217,514.13)
7. - Interest on Class B Notes ($192,081.81)
8. - Losses ($694,762.90)
9. + Late Charges/Extensions Fees Collected $46,605.65
10. - Servicer Fee (including Late Charges) ($435,179.55)
Total Excess Yield $1,057,927.36
SCHEDULE OF ALLOCATION OF COLLECTION ACCOUNT
Total Cash Deposited to Collection Account # 00000000 $19,097,711.28
Servicer Advance on Receivables to Xxxxxxx. ($78,356.45)
Payaheads transfer from Payahead Account # 00000000 $135,816.77
Class A-1 Notes
Interest Distribution Amount - A(1)b $0.00
Principal Distribution Amount - A(1)c $0.00 $0.00
Class A-2 Notes
Interest Distribution Amount - A(2)b ($633,757.89)
Principal Distribution Amount - A(2)c ($15,300,960.86) ($15,934,718.75)
Class A-3 Notes
Interest Distribution Amount - A(3)b ($854,250.00)
Principal Distribution Amount - A(3)c $0.00 ($854,250.00)
Class A-4 Notes
Interest Distribution Amount - A(4)b ($463,500.00)
Principal Distribution Amount - A(4)c $0.00 ($463,500.00)
Class A-5 Notes
Interest Distribution Amount - A(5)b ($217,514.13)
Principal Distribution Amount - A(5)c $0.00 ($217,514.13)
Class B Notes
Interest Distribution Amount - A(6)b ($192,081.81)
Principal Distribution Amount - A(6)c $0.00 ($192,081.81)
Servicer fee and late charges to BDFS per Note B(2) (a) ($435,179.55)
Excess Cash transfer to Reserve Account # 00000000 ($1,057,927.36)
-------------------
Balance $0.00
===================
SCHEDULE OF ALLOCATION OF RESERVE ACCOUNT
Beginning Balance $23,314,433.93
Additions to Reserve Account $1,168,098.50
Excess Yield to Certificateholders ($1,933,146.55)
------------------
Ending Balance $22,549,385.88
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