8-K 1 gsalt0401_jan.txt JANUARY 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): Jaunary 15, 2005 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 Jaunary 18, 2005 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 Jaunary 18, 2005 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: 1/18/05 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of GS AUTO LOAN TRUST 2004-1, relating to the Jaunary 18, 2005 distribution EX-99.1

GS AUTO LOAN TRUST 2004-1 Record Date: 121/14/0405 Distribution Date: 121/1518/0405 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 January 18, 2005 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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-2 297,914,000.00 ~~255~~222,~~468~~381,~~976~~822.5415 3330,~~087~~743,~~154~~157.3990 ~~319~~277,~~336~~977.2228 3331,~~406~~021,~~490~~135.6118 0.00 0.00 ~~222~~191,~~381~~638,~~822~~664.1524 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 4438,~~214~~178,~~108~~267.1594 65,~~035~~494,~~840~~056.2255 7968,~~216~~402.9473 65,~~115~~562,~~057~~459.1628 0.00 0.00 3832,~~178~~684,~~267~~211.9438 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 INTEREST RATES BEGINNING ENDING Interest CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL Class Rate A-1 36292RAJ10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 1.11% A-2 36292RAK7 ~~857~~746.~~52591869~~46314758 ~~111~~103.~~06277110~~19474044 10.~~07190740~~93307893 ~~112~~104.~~13467850~~12781938 ~~746~~643.~~46314758~~26840714 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 ~~781~~674.~~34744997~~68266450 ~~106~~97.~~66478547~~09043687 1.~~39991418~~20880644 ~~108~~98.~~06469965~~29924331 ~~674~~577.~~68266450~~59222763 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 $2120,~~229~~560,~~756~~206.5188 Accounts Paid in Full 1412,~~545~~619,~~043~~510.7999 Liquidated Receivables (including Cram-downs) ~~849~~728,~~057~~632.0988 Repurchased Receivables 7475,~~616~~303.1863 Available Principal 3633,~~698~~983,~~473~~654.5738 Payments Collected Attributed to Interest 54,~~097~~867,~~287~~229.9726 Total Available Funds 4138,~~795~~850,~~761~~883.5464 Other Pool Balance Reductions Small Balance write offs ~~632~~687.0957 Other Principal Reductions ~~7 5~~0.00 Principal Allocations Regular Principal Allocation 3836,~~945~~237,~~935~~214.0846 Regular Principal Allocation per $1,000 original principal balance 3028.~~29362218~~18667677 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 ~~177,059~~0.5200 Third Allocation of Principal per $1,000 original principal balance 0.~~13772360~~00000000 Pool Balance and Pool Factor Beginning Pool Balance ~~902~~865,~~834~~235,~~064~~025.2517 Beginning Pool Factor 0.~~709982777~~680415140 Ending Pool Balance ~~865~~830,~~235~~299,~~025~~618.1746 Ending Pool Factor 0.~~680415140~~652942166 Principal Payment Amounts Class A-1 Principal Payment Amount 0.00 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 3330,~~087~~743,~~154~~157.3990 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 65,~~035~~494,~~840~~056.2255 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 0.00 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 ~~319~~277,~~336~~977.2228 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 7968,~~216~~402.9473 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 1514,~~047~~420.2358 Amount Net Servicing Fee not paid 0.00 Repayment of prior unpaid Net Servicing Fees 0.00 Net Servicing Fee paid to Servicer 1514,~~047~~420.2358 Net Servicing Fee per $1,000 original principal balance 0.~~011833046~~011340252 cumulative balance of unpaid Net Servicing Fee 0.00 Receivables Servicer Supplement Payment Amount Ford Credit ~~194~~184,~~302~~154.9974 Huntington ~~558~~536,~~058~~874.7345 Total Receivables Servicer Supplement Payment Amount ~~752~~721,~~361~~029.7219 Total Receivables Servicer Supplement Payment Amount per $1,000 original principal balance 0.~~591652315~~567012617 Reimbursement of Servicing Advances ~~15065~~16723.4415 Reimbursement of Servicing Advances per $1,000 original principal balance 0.~~011847363~~013150975 Reimbursement of Prior Month Interest Advances ~~255~~278,~~529~~906.3018 Reimbursement of Prior Month Interest Advances per $1,000 original principal balance 0.~~200946563~~219329988 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 4138,~~795~~850,~~761~~883.5464 Current Period Losses Realized Losses ~~900~~942,~~027~~911.1012 Cram Down Losses ~~15,521~~0.4500 Current Period Liquidated or Purchased Receivables Purchase Amount of Receivables repurchased 7475,~~616~~303.1863 Liquidated Receivables 1,~~734~~654,~~018~~820.7585 Delinquency Information Group Totals Principal Period Number Balance Percentage 30 - 59 days ~~633~~680 89,~~846~~029,~~956~~036.0661 1.0209% 60 - 89 days ~~107~~123 1,~~437~~684,~~709~~410.6435 0.1720% 90 + days ~~125~~106 1,~~874~~582,~~001~~035.1208 0.2219% Totals ~~865~~909 12,~~158~~295,~~666~~482.8204 1.4148% Repossession Information (Total Inventory) Number of Receivables as to which vehicles have been Repossessed ~~143~~136 Balance of Receivables as to which vehicles have been Repossessed 21,~~173~~923,~~998~~510.1921 Extension Information Number of Extensions Granted 1,~~088~~750 Principal Balance of Receivables to which Extensions were Granted 1524,~~756~~258,~~815~~993.9444 Overcollateralization Amounts Beginning Target Overcollateralization Level 1817,~~056~~304,~~681~~700.2950 Ending Target Overcollateralization Level 1716,~~304~~605,~~700~~992.5037 Three-Month Annualized Net Loss Ratio 1.0922% Cumulative Net Loss Ratio 0.4956% Annualized Net Loss Ratio 0.8589% WAC 6.38 WAM 4342.3760

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