8-K 1 gsalt0401_dec.txt DECEMBER 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): December 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 December 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 December 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: 12/16/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of GS AUTO LOAN TRUST 2004-1, relating to the December 15, 2004 distribution EX-99.1

GS AUTO LOAN TRUST 2004-1 Record Date: 1012/14/04 Distribution Date: 1012/15/04 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 ~~23,294,264~~0.5800 ~~23,294,264~~0.5800 ~~21,547~~0.1900 ~~23,315,811~~0.7800 0.00 0.00 0.00 A-2 297,914,000.00 ~~297~~255,~~914~~468,~~000~~976.0054 1033,~~059~~087,~~490~~154.7939 ~~372~~319,~~392~~336.5022 1033,~~431~~406,~~883~~490.2961 0.00 0.00 ~~287~~222,~~854~~381,~~509~~822.2115 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 5644,~~587~~214,~~000~~108.0015 6,~~610~~035,~~796~~840.4622 ~~101~~79,~~385~~216.0494 6,~~712~~115,~~181~~057.5016 0.00 0.00 4938,~~976~~178,~~203~~267.5494 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~~36292RAJ10 690.~~29991219~~00000000 690.~~29991219~~00000000 0.~~06410242~~00000000 690.~~36401461~~00000000 0.00000000 A-1 1.11% A-2 36292RAK7 ~~1,000~~857.~~00000000~~52591869 33111.~~76642518~~06277110 1.~~25000000~~07190740 35112.~~01642518~~13467850 ~~966~~746.~~23357482~~46314758 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~~781.~~00000000~~34744997 ~~116~~106.~~82535675~~66478547 1.~~79166667~~39991418 ~~118~~108.~~61702342~~06469965 ~~883~~674.~~17464325~~68266450 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 $21,~~625~~229,~~560~~756.0351 Accounts Paid in Full 1514,~~042~~545,~~733~~043.2479 Liquidated Receivables (including Cram-downs) ~~633~~849,~~300~~057.5009 Repurchased Receivables 8174,~~637~~616.2518 Available Principal 3736,~~383~~698,~~231~~473.0257 Payments Collected Attributed to Interest 5,~~443~~097,~~958~~287.8697 Total Available Funds 4241,~~827~~795,~~189~~761.8854 Other Pool Balance Reductions Small Balance write offs ~~671~~632.5309 Other Principal Reductions 07 5.00 Principal Allocations Regular Principal Allocation 3638,~~076~~945,~~093~~935.1708 Regular Principal Allocation per $1,000 original principal balance 2830.~~06135054~~29362218 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 3177,~~888,458~~059.6652 Third Allocation of Principal per $1,000 original principal balance 30.~~02459030~~13772360 ~~Sec. 4.7 (iii)~~ Pool Balance and Pool Factor Beginning Pool Balance ~~977~~902,~~717~~834,~~365~~064.9625 Beginning Pool Factor 0.~~768870514~~709982777 Ending Pool Balance ~~939~~865,~~635~~235,~~805~~025.9217 Ending Pool Factor 0.~~738923425~~680415140 ~~Sec. 4.7 (i), (vii)~~ Principal Payment Amounts Class A-1 Principal Payment Amount ~~23,294,264~~0.5800 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 1033,~~059~~087,~~490~~154.7939 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 6,~~610~~035,~~796~~840.4622 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 ~~21,547~~0.1900 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~~319,~~392~~336.5022 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~~79,~~385~~216.0494 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 1615,~~295~~047.2923 Amount Net Servicing Fee not paid 0.00 Repayment of prior unpaid Net Servicing Fees 0.00 Net Servicing Fee paid to Servicer 1615,~~295~~047.2923 Net Servicing Fee per $1,000 original principal balance 0.~~012814509~~011833046 cumulative balance of unpaid Net Servicing Fee 0.00 Receivables Servicer Supplement Payment Amount Ford Credit ~~215~~194,~~434~~302.1599 Huntington ~~599~~558,~~330~~058.3273 Total Receivables Servicer Supplement Payment Amount ~~814~~752,~~764~~361.4772 Total Receivables Servicer Supplement Payment Amount per $1,000 original principal balance 0.~~640725428~~591652315 Reimbursement of Servicing Advances ~~13425~~15065.2244 Reimbursement of Servicing Advances per $1,000 original principal balance 0.~~010557505~~011847363 Reimbursement of Prior Month Interest Advances ~~286~~255,~~618~~529.2530 Reimbursement of Prior Month Interest Advances per $1,000 original principal balance 0.~~225394709~~200946563 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 4241,~~827~~795,~~189~~761.8854 Current Period Losses Realized Losses ~~738~~900,~~079~~027.7110 Cram Down Losses 015,521.0045 Current Period Liquidated or Purchased Receivables Purchase Amount of Receivables repurchased 8174,~~637~~616.2518 Liquidated Receivables 1,~~331~~734,~~582~~018.5475 Delinquency Information Group Totals Principal Period Number Balance Percentage 30 - 59 days ~~615~~633 8,~~676~~846,~~712~~956.7106 01.9202% 60 - 89 days ~~131~~107 1,~~943~~437,~~333~~709.9164 0.2117% 90 + days ~~122~~125 1,~~904~~874,~~828~~001.4712 0.2022% Totals ~~868~~865 12,~~524~~158,~~875~~666.0982 1.3341% Repossession Information (Total Inventory) Number of Receivables as to which vehicles have been Repossessed ~~131~~143 Balance of Receivables as to which vehicles have been Repossessed 2,~~165~~173,~~143~~998.1319 Extension Information Number of Extensions Granted 1,~~187~~088 Principal Balance of Receivables to which Extensions were Granted 1715,~~480~~756,~~299~~815.3794 Overcollateralization Amounts Beginning Target Overcollateralization Level 1918,~~554~~056,~~347~~681.3229 Ending Target Overcollateralization Level 1817,~~792~~304,~~716~~700.1250 Three-Month Annualized Net Loss Ratio 1.0309% Cumulative Net Loss Ratio 0.3449% Annualized Net Loss Ratio 0.6785% WAC 6.3738 WAM 4443.9637

Filing Compare · GS AUTO LOAN TRUST 2004-1