8-K 1 gsalt041_oct.txt OCT 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): October 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 October 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 October 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: 10/18/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of GS AUTO LOAN TRUST 2004-1, relating to the October 15, 2004 distribution EX-99.1

GS AUTO LOAN TRUST 2004-1 Record Date: 910/14/04 Distribution Date: 910/15/04 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 6623,~~582~~294,~~360~~264.5058 4323,~~288~~294,~~095~~264.9258 6121,~~588~~547.6819 4323,~~349~~315,~~684~~811.6078 0.00 0.00 ~~23,294,264~~0.5800 A-2 297,914,000.00 297,914,000.00 010,059,490.0079 372,392.50 ~~372~~10,~~392~~431,883.5029 0.00 0.00 ~~297~~287,~~914~~854,~~000~~509.0021 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 06,610,796.0046 101,385.04 ~~101~~6,~~385~~712,181.0450 0.00 0.00 5649,~~587~~976,~~000~~203.0054 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 TOTALS 1,285,615,000.00 72,772,264.58 39,964,551.84 1,730,701.48 41,695,253.32 0.00 0.00 932,807,712.75 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE INTEREST RATES BEGINNING ENDING Interest CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL Class Rate A-1 36292RAJ0 ~~198~~69.~~08102203~~29991219 ~~128~~69.~~78110983~~29991219 0.~~18322495~~06410242 ~~128~~69.~~96433478~~36401461 690.~~29991219~~00000000 A-1 1.11% A-2 36292RAK7 1,000.00000000 033.~~00000000~~76642518 1.25000000 135.~~25000000~~01642518 ~~1,000~~966.~~00000000~~23357482 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 0116.~~00000000~~82535675 1.79166667 1118.~~79166667~~61702342 ~~1,000~~883.~~00000000~~17464325 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 $2221,~~435~~625,~~662~~560.5103 Accounts Paid in Full 1715,~~074~~042,~~324~~733.6924 Liquidated Receivables (including Cram-downs) ~~868~~633,~~826~~300.2750 Repurchased Receivables 8681,~~705~~637.5325 Available Principal 4037,~~465~~383,~~519~~231.0002 Payments Collected Attributed to Interest 5,~~732~~443,~~810~~958.6286 Total Available Funds 642,~~198~~827,~~329~~189.6288 Other Pool Balance Reductions Small Balance write offs ~~651~~671.5453 Other Principal Reductions 0.00 Principal Allocations Regular Principal Allocation 3436,~~193~~076,~~101~~093.3817 Regular Principal Allocation per $1,000 original principal balance 2628.~~59668826~~06135054 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 93,~~094~~888,~~994~~458.5466 Third Allocation of Principal per $1,000 original principal balance 73.~~07443095~~02459030 Sec. 4.7 (iii) Pool Balance and Pool Factor Beginning Pool Balance 1977,~~019~~717,~~107,309~~365.9596 Beginning Pool Factor 0.~~801419294~~768870514 Ending Pool Balance ~~977~~939,~~717~~635,~~365~~805.9692 Ending Pool Factor 0.~~768870514~~738923425 Sec. 4.7 (i), (vii) Principal Payment Amounts Class A-1 Principal Payment Amount 4323,~~288~~294,~~095~~264.9258 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 010,059,490.0079 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 06,610,796.0046 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 6121,~~588~~547.6819 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 16,~~985~~295.1229 Amount Net Servicing Fee not paid 0.00 Repayment of prior unpaid Net Servicing Fees 0.00 Net Servicing Fee paid to Servicer 16,~~985~~295.1229 Net Servicing Fee per $1,000 original principal balance 0.~~013356988~~012814509 cumulative balance of unpaid Net Servicing Fee 0.00 Receivables Servicer Supplement Payment Amount Ford Credit ~~227~~215,~~487~~434.5615 Huntington ~~621~~599,~~768~~330.5332 Total Receivables Servicer Supplement Payment Amount ~~849~~814,~~256~~764.0947 Total Receivables Servicer Supplement Payment Amount per $1,000 original principal balance 0.~~667849412~~640725428 Reimbursement of Servicing Advances ~~12,685~~13425.0022 Reimbursement of Servicing Advances per $1,000 original principal balance 0.~~009975401~~010557505 Reimbursement of Prior Month Interest Advances ~~259~~286,~~731~~618.1925 Reimbursement of Prior Month Interest Advances per $1,000 original principal balance 0.~~204250902~~225394709 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 4642,~~198~~827,~~329~~189.6288 Current Period Losses Realized Losses ~~980~~738,~~982~~079.5071 Cram Down Losses ~~14,630~~0.0700 Current Period Liquidated or Purchased Receivables Purchase Amount of Receivables repurchased 8681,~~705~~637.5325 Liquidated Receivables 1,~~778~~331,~~592~~582.0954 Delinquency Information Group Totals Principal Period Number Balance Percentage 30 - 59 days ~~621~~615 8,~~735~~676,~~309~~712.8471 0.8992% 60 - 89 days ~~133~~131 1,~~987~~943,~~298~~333.1791 0.2021% 90 + days 96122 1,~~585~~904,~~697~~828.3347 0.1620% Totals ~~850~~868 12,~~308~~524,~~305~~875.3409 1.2633% Repossession Information (Total Inventory) Number of Receivables as to which vehicles have been Repossessed 98131 Balance of Receivables as to which vehicles have been Repossessed 12,~~562~~165,~~620~~143.0213 Extension Information Number of Extensions Granted 1,~~178~~187 Principal Balance of Receivables to which Extensions were Granted 17,~~371~~480,~~901~~299.6537 Overcollateralization Amounts Beginning Target Overcollateralization Level 2019,~~382~~554,~~146~~347.2032 Ending Target Overcollateralization Level 1918,~~554~~792,~~347~~716.3212 Three-Month Annualized Net Loss Ratio 01.9903% Cumulative Net Loss Ratio 0.2934% Annualized Net Loss Ratio 0.8767% WAC 6.3637 WAM 4544.7396

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