8-K 1 gsal041_june.txt JUNE 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 15, 2004 GS AUTO LOAN TRUST 2004-1 ------------------------------------------------------------ (Exact name of registrant as specified in its charter) New York 333-101904-02 51-6548509 -------------------------------------------------------------------- (governing law of (Commission (IRS EIN) Sales and Servicing Agreement) File Number) (State or other jurisdiction of Incorporation) Wells Fargo Bank, N.A. 6th Street and Marquette Avenue Minneapolis, MN 55479 -------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (612) 667-8058 (Former name or former address, if changed since last report) ITEM 5. Other Events On June 15, 2004 a distribution was made to holders of GS AUTO LOAN TRUST 2004-1 ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of GS Auto Loan Trust 2004-1 relating to the June 15, 2004 distribution 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 hereunto duly authorized. GS AUTO LOAN TRUST 2004-1 By: Wells Fargo Bank, NA as Trustee By: /s/ Edna Barber, Assistant Vice President By: Edna Barber, Assistant Vice President Date: 6/18/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of GS AUTO LOAN TRUST 2004-1, relating to the June 15, 2004 distribution EX-99.1

GS AUTO LOAN TRUST 2004-1 Record Date: 36/14/04 Distribution Date: 36/15/04 GS AUTO LOAN TRUST 2004-1 Contact: Wells Fargo Bank, N.A. 6th Street and Marquette Avenue Minneapolis, MN 55479 Telephone: (612) 667-8058 Fax: (612) 667-3529 Distribution Summary GS Auto Loan Trust 2004-1 Statement to Certificateholders June 15, 2004 DISTRIBUTION IN DOLLARS ORIGINAL BEGINNING ENDING FACE PRINCIPAL UNPAID UNPAID PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST BALANCE A-1 336,137,000.00 ~~336~~198,~~137~~271,~~000~~264.0006 4241,~~355~~613,~~263~~268.7663 ~~207~~177,~~284~~287.4856 4241,~~562~~790,~~548~~556.2418 0.00 0.00 ~~293~~156,~~781~~657,~~736~~995.2444 A-2 297,914,000.00 297,914,000.00 0.00 ~~260~~372,~~674~~392.7550 ~~260~~372,~~674~~392.7550 0.00 0.00 297,914,000.00 A-3 314,944,000.00 314,944,000.00 0.00 ~~391~~559,~~317~~025.9260 ~~391~~559,~~317~~025.9260 0.00 0.00 314,944,000.00 A-4 224,081,000.00 224,081,000.00 0.00 ~~346~~494,~~391~~845.8854 ~~346~~494,~~391~~845.8854 0.00 0.00 224,081,000.00 B 56,587,000.00 56,587,000.00 0.00 70101,~~969~~385.5304 70101,~~969~~385.5304 0.00 0.00 56,587,000.00 C 26,704,000.00 26,704,000.00 0.00 4159,~~747~~638.2593 4159,~~747~~638.2593 0.00 0.00 26,704,000.00 D 29,248,000.00 29,248,000.00 0.00 85121,~~306~~866.67 85121,~~306~~866.67 0.00 0.00 29,248,000.00 Cert 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE ~~INTEREST RATES~~ BEGINNING ENDING Interest CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL Class Rate A-1 36292RAJ10 ~~1,000~~589.~~00000000~~85254246 ~~126~~123.~~00595519~~79853640 0.~~61666667~~52742648 ~~126~~124.~~62262186~~32596288 ~~873~~466.~~99404481~~05400606 A-1 1.11% A-2 36292RAK7 1,000.00000000 0.00000000 01.~~87500000~~25000000 01.~~87500000~~25000000 1,000.00000000 A-2 1.50% A-3 36292RAL5 1,000.00000000 0.00000000 1.~~24250000~~77500000 1.~~24250000~~77500000 1,000.00000000 A-3 2.13% A-4 36292RAM3 1,000.00000000 0.00000000 12.~~54583333~~20833333 12.~~54583333~~20833333 1,000.00000000 A-4 2.65% B 36292RAN1 1,000.00000000 0.00000000 1.~~25416667~~79166667 1.~~25416667~~79166667 1,000.00000000 B 2.15% C 36292RAP6 1,000.00000000 0.00000000 12.~~56333333~~23333333 12.~~56333333~~23333333 1,000.00000000 C 2.68% D 36292RAQ4 1,000.00000000 0.00000000 24.~~91666667~~16666667 24.~~91666667~~16666667 1,000.00000000 D 5.00% Collections received with respect to the receivables Payments Collected Attributed to Principal $2321,~~314~~973,~~321~~257.9665 Accounts Paid in Full 1516,~~140~~270,~~111~~980.3848 Liquidated Receivables (including Cram-downs) 39543,~~896~~158.4731 Repurchased Receivables 1966,~~648~~451.9049 Available Principal 38,853,847.93 Payments Collected Attributed to Interest 65,~~619~~927,~~346~~463.5140 Total Available Funds 4 4,781,311.33 Other Pool Balance Reductions Small Balance write offs 51,~~051~~304.1029 Other Principal Reductions ~~218~~0.4700 Principal Allocations Regular Principal Allocation 1927,~~081~~726,~~224~~363.6944 Regular Principal Allocation per $1,000 ~~original~~origianl principal balance 1421.~~84209868~~56661477 First Allocation of Principal 0.00 First Allocation of Principal per $1,000 original principal balance 0.00000000 Second Allocation of Principal 0.00 Second Allocation of Principal per $1,000 original principal balance 0.00000000 Third Allocation of Principal 2313,~~274~~886,~~039~~905.0718 Third Allocation of Principal per $1,000 original principal balance 1810.~~10342837~~80176039 Pool Balance and Pool Factor Beginning Pool Balance 1,~~271~~144,~~628~~101,~~119~~458.6900 Beginning Pool Factor 10.~~000000000~~899713871 Ending Pool Balance 1,~~233~~104,~~092~~614,~~960~~358.9388 Ending Pool Factor 0.~~969696204~~868661476 Principal Payment Amounts Class A-1 Principal Payment Amount 4241,~~355~~613,~~263~~268.7663 increase / (decrease) in Class A-1 unpaid principal 0.00 Class A-1 previously due and unpaid principal 0.00 Class A-2 Principal Payment Amount 0.00 increase / (decrease) in Class A-2 unpaid principal 0.00 Class A-2 previously due and unpaid principal 0.00 Class A-3 Principal Payment Amount 0.00 increase / (decrease) in Class A-3 unpaid principal 0.00 Class A-3 previously due and unpaid principal 0.00 Class A-4 Principal Payment Amount 0.00 increase / (decrease) in Class A-4 unpaid principal 0.00 Class A-4 previously due and unpaid principal 0.00 Class B Principal Payment Amount 0.00 increase / (decrease) in Class B unpaid principal 0.00 Class B previously due and unpaid principal 0.00 Class C Principal Payment Amount 0.00 increase / (decrease) in Class C unpaid principal 0.00 Class C previously due and unpaid principal 0.00 Class D Principal Payment Amount 0.00 increase / (decrease) in Class D unpaid principal 0.00 Class D previously due and unpaid principal 0.00 Certificate Distribution Amount 0.00 Interest Payment Amounts Class A-1 Interest Payment Amount ~~207~~177,~~284~~287.4856 increase / (decrease) in Class A-1 unpaid interest 0.00 Class A-1 previously due and unpaid interest 0.00 Class A-2 Interest Payment Amount ~~260~~372,~~674~~392.7550 increase / (decrease) in Class A-2 unpaid interest 0.00 Class A-2 previously due and unpaid interest 0.00 Class A-3 Interest Payment Amount ~~391~~559,~~317~~025.9260 increase / (decrease) in Class A-3 unpaid principal 0.00 Class A-3 previously due and unpaid interest 0.00 Class A-4 Interest Payment Amount ~~346~~494,~~391~~845.8854 increase / (decrease) in Class A-4 unpaid interest 0.00 Class A-4 previously due and unpaid interest 0.00 Class B Interest Payment Amount 70101,~~969~~385.5304 increase / (decrease) in Class B unpaid principal 0.00 Class B previously due and unpaid interest 0.00 Class C Interest Payment Amount 4159,~~747~~638.2593 increase / (decrease) in Class C unpaid interest 0.00 Class C previously due and unpaid interest 0.00 Class D Interest Payment Amount 85121,~~306~~866.67 increase / (decrease) in Class D unpaid interest 0.00 Class D previously due and unpaid interest 0.00 Certificates n/a Fees Paid Net Servicing Fee ~~(current month) 21~~19,~~193~~068.8036 Amount ~~current month~~ Net Servicing Fee not paid 0.00 Repayment of prior unpaid Net Servicing Fees 0.00 Net Servicing Fee paid to Servicer 2119,~~193~~068.8036 Net Servicing Fee per $1,000 original principal balance 0.~~016666667~~014995231 cumulative balance of unpaid Net Servicing Fee 0.00 Receivables Servicer Supplement Payment Amount Ford Credit ~~298~~262,~~552~~550.1959 Huntington ~~761~~690,~~137~~867.9130 Total Receivables Servicer Supplement Payment Amount 1953,~~059,690~~417.1088 Total Receivables Servicer Supplement Payment Amount per $1,000 original principal balance 0.~~833333333~~749761559 Reimbursement of Servicing Advances 09805.00 Reimbursement of Servicing Advances per $1,000 original principal balance 0.~~000000000~~007710588 Reimbursement of Prior Month Interest Advances ~~291~~298,~~818~~476.4129 Reimbursement of Prior Month Interest Advances per $1,000 original principal balance 0.~~229484081~~234719794 Owner Trustee Fee 833.33 Owner Trustee Fee per $1,000 original principal balance 0.000655328 Indenture Trustee Fee ~~833~~0.3300 Indenture Trustee Fee per $1,000 original principal balance 0.~~000655328~~000000000 Total Distributions 44,781,311.33 Current Period Losses Realized Losses 21642,~~218~~605.2466 Cram Down Losses 0.00 Current Period Liquidated or Purchased Receivables Purchase Amount of Receivables repurchased 1966,~~648~~451.9049 Liquidated Receivables 611,~~114~~175,498.7187 Delinquency Information Group Totals Principal Period Number Balance Percentage 30 - 59 days ~~414~~463 67,~~512~~112,~~656~~524.6728 0.5364% 60 - 89 days 15105 ~~233~~1,~~828~~603,224.3877 0.0215% 90 + days 071 01,201,999.0016 0.0011% Totals ~~429~~639 69,~~746~~917,~~485~~748.0521 0.5590% Repossession Information (Total Inventory) Number of Receivables as to which vehicles have been Repossessed 2178 Balance of Receivables as to which vehicles have been Repossessed ~~333~~1,~~710~~318,210.67 Extension Information Number of Extensions Granted ~~612~~1,290 Principal Balance of Receivables ~~for~~to which Extensions were Granted 919,~~541~~717,~~604~~249.0668 Overcollateralization Amounts Beginning Target Overcollateralization Level 2522,~~432~~882,~~562~~029.3916 Ending Target Overcollateralization Level 2422,~~661~~092,~~859~~287.2218 Three-Month Annualized Net Loss Ratio 0.0138% Cumulative Net Loss Ratio 0.0009% Annualized Net Loss Ratio 0.0261% WAC 6.36 WAM 5048.6013

Filing Compare · GS AUTO LOAN TRUST 2004-1