8-K 1 gsalt041_sept.txt SEPT 8-K 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): September 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 15, 2004 a distribution was made to holders of GS AUTO LOAN TRUST 2004-1 ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of GS Auto Loan Trust 2004-1 relating to the September 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 (Registrant) By: Wells Fargo Bank, NA as Trustee By: /s/ Edna Barber, Assistant Vice President By: Edna Barber, Assistant Vice President Date: 9/20/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of GS AUTO LOAN TRUST 2004-1, relating to the September 15, 2004 distribution EX-99.1

GS AUTO LOAN TRUST 2004-1 Record Date: 89/14/04 Distribution Date: 89/15/04 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 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 ~~110~~66,~~478~~582,~~762~~360.4650 43,~~896~~288,~~401~~095.9692 ~~109~~61,~~005~~588.7168 4443,~~005~~349,~~407~~684.6760 0.00 0.00 6623,~~582~~294,~~360~~264.5058 A-2 297,914,000.00 297,914,000.00 0.00 372,392.50 372,392.50 0.00 0.00 297,914,000.00 A-3 314,944,000.00 314,944,000.00 0.00 559,025.60 559,025.60 0.00 0.00 314,944,000.00 A-4 224,081,000.00 224,081,000.00 0.00 494,845.54 494,845.54 0.00 0.00 224,081,000.00 B 56,587,000.00 56,587,000.00 0.00 101,385.04 101,385.04 0.00 0.00 56,587,000.00 C 26,704,000.00 26,704,000.00 0.00 59,638.93 59,638.93 0.00 0.00 26,704,000.00 D 29,248,000.00 29,248,000.00 0.00 121,866.67 121,866.67 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 BEGINNING ENDING Interest CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL Class Rate A-1 ~~36292RAJ10~~36292RAJ0 ~~328~~198.~~67182864~~08102203 ~~130~~128.~~59080661~~78110983 0.~~32428954~~18322495 ~~130~~128.~~91509615~~96433478 ~~198~~69.~~08102203~~29991219 A-1 1.11% A-2 36292RAK7 1,000.00000000 0.00000000 1.25000000 1.25000000 1,000.00000000 A-2 1.50% A-3 36292RAL5 1,000.00000000 0.00000000 1.77500000 1.77500000 1,000.00000000 A-3 2.13% A-4 36292RAM3 1,000.00000000 0.00000000 2.20833333 2.20833333 1,000.00000000 A-4 2.65% B 36292RAN1 1,000.00000000 0.00000000 1.79166667 1.79166667 1,000.00000000 B 2.15% C 36292RAP6 1,000.00000000 0.00000000 2.23333333 2.23333333 1,000.00000000 C 2.68% D 36292RAQ4 1,000.00000000 0.00000000 4.16666667 4.16666667 1,000.00000000 D 5.00% Collections received with respect to the receivables Payments Collected Attributed to Principal $22,~~704~~435,~~252~~662.0551 Accounts Paid in Full 17,~~702~~074,~~571~~324.1669 Liquidated Receivables (including Cram-downs) ~~587~~868,~~594~~826.0627 Repurchased Receivables 8786,~~979~~705.6153 Available Principal 4140,~~082~~465,~~396~~519.8800 Payments Collected Attributed to Interest 5,~~827~~732,~~094~~810.9962 Total Available Funds 466,~~909~~198,~~491~~329.8762 Other Pool Balance Reductions Small Balance write offs ~~663~~651.3254 Other Principal Reductions 0.00 Principal Allocations Regular Principal Allocation 3234,~~294~~193,~~949~~101.4538 Regular Principal Allocation per $1,000 original principal balance ~~2 5~~26.~~12023386~~59668826 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 119,~~601~~094,~~452~~994.5154 Third Allocation of Principal per $1,000 original principal balance 97.~~02404881~~07443095 Pool Balance and Pool Factor Beginning Pool Balance 1,~~061~~019,~~074~~107,~~021~~309.6495 Beginning Pool Factor 0.~~834421640~~801419294 Ending Pool Balance 1977,~~019~~717,~~107,309~~365.9596 Ending Pool Factor 0.~~801419294~~768870514 Principal Payment Amounts Class A-1 Principal Payment Amount 43,~~896~~288,~~401~~095.9692 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 ~~109~~61,~~005~~588.7168 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 372,392.50 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 559,025.60 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 494,845.54 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 101,385.04 increase / (decrease) in Class B unpaid principal 0.00 Class B previously due and unpaid interest 0.00 Class C Interest Payment Amount 59,638.93 increase / (decrease) in Class C unpaid interest 0.00 Class C previously due and unpaid interest 0.00 Class D Interest Payment Amount 121,866.67 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 1716,~~684~~985.5712 Amount Net Servicing Fee not paid 0.00 Repayment of prior unpaid Net Servicing Fees 0.00 Net Servicing Fee paid to Servicer 1716,~~684~~985.5712 Net Servicing Fee per $1,000 original principal balance 0.~~013907027~~013356988 ~~Cumulative~~cumulative balance of unpaid Net Servicing Fee 0.00 Receivables Servicer Supplement Payment Amount Ford Credit ~~239~~227,~~235~~487.4256 Huntington ~~644~~621,~~992~~768.9353 Total Receivables Servicer Supplement Payment Amount ~~884~~849,~~228~~256.3509 Total Receivables Servicer Supplement Payment Amount per $1,000 original principal balance 0.~~695351367~~667849412 Reimbursement of Servicing Advances 712,~~827~~685.00 Reimbursement of Servicing Advances per $1,000 original principal balance 0.~~006155101~~009975401 Reimbursement of Prior Month Interest Advances ~~284~~259,~~356~~731.6619 Reimbursement of Prior Month Interest Advances per $1,000 original principal balance 0.~~223616209~~204250902 Owner Trustee Fee 833.33 Owner Trustee Fee per $1,000 original principal balance 0.000655328 Indenture Trustee Fee 0.00 Indenture Trustee Fee per $1,000 original principal balance 0.000000000 Total Distributions 46,~~909~~198,~~491~~329.8762 Current Period Losses Realized Losses ~~915~~980,~~759~~982.3650 Cram Down Losses 914,~~862~~630.5207 Current Period Liquidated or Purchased Receivables Purchase Amount of Receivables repurchased 8786,~~979~~705.6153 Liquidated Receivables 1,~~462~~778,~~008~~592.2809 Delinquency Information Group Totals Principal Period Number Balance Percentage 30 - 59 days ~~615~~621 98,~~009~~735,~~111~~309.7784 0.8889% 60 - 89 days ~~118~~133 1,~~762~~987,~~092~~298.2217 0.1720% 90 + days ~~103~~96 1,~~638~~585,~~090~~697.9933 0.16% Totals ~~836~~850 12,~~409~~308,~~294~~305.9834 1.2226% Repossession Information (Total Inventory) Number of Receivables as to which vehicles have been Repossessed ~~117~~98 Balance of Receivables as to which vehicles have been Repossessed 1,~~875~~562,~~583~~620.0702 Extension Information Number of Extensions Granted 1,~~017~~178 Principal Balance of Receivables to which Extensions were Granted 1517,~~040~~371,~~062~~901.5765 Overcollateralization Amounts Beginning Target Overcollateralization Level 2120,~~221~~382,~~480~~146.4320 Ending Target Overcollateralization Level 2019,~~382~~554,~~146~~347.2032 Three-Month Annualized Net Loss Ratio 0.8399% Cumulative Net Loss Ratio 0.2129% Annualized Net Loss Ratio 0.8387% WAC 6.36 WAM 4645.5373

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