DAIMLER BENZ VEHICLE OWNER TRUST 1998-A
8-K, 1999-09-28
ASSET-BACKED SECURITIES
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<PAGE>   1
                       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




                     DAIMLER-BENZ VEHICLE OWNER TRUST 1998-A
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)



                               September 20, 1999
- --------------------------------------------------------------------------------
                Date of Report (Date of earliest event reported)



Delaware                              333-64671              13-3770955
- ----------------------------          ----------------       -------------------
(State or other jurisdiction          (Commission File       (I.R.S. Employer
of incorporation)                      Number)               Identification No.)



        1201 North Market Street, Suite 1406, Wilmington, Delaware 19801
- --------------------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)



                                 (302) 426-1900
        ----------------------------------------------------------------
              (Registrant's telephone number, including area code)


<PAGE>   2
Item 5.  Other Events

         The Statement to Noteholders and Certificateholders relating to
Daimler-Benz Vehicle Owner Trust 1998-A pursuant to section 4.9 of the Sale and
Servicing Agreement dated as of November 1, 1998, among Daimler-Benz Vehicle
Receivable Corporation, Mercedes-Benz Credit Corporation and the Trust, for the
Collection Period ended August 31, 1999 is being filed as Exhibit 20 to this
Current Report on Form 8-K.



Item 7.  Financial Statements and Exhibits

         (c)      Exhibits

                  Exhibit No.                      Description
                  -----------                      -----------

                  20                               Statement to Notesholders and
                                                   Certificateholders for the
                                                   August 1999 Collection Period












                                       -2-
<PAGE>   3
                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                              Daimler-Benz Vehicle Owner Trust 1998-A
                                            (Registrant)

                              By:  Mercedes-Benz Credit Corporation, as Servicer


Date:  September 21, 1999     By:  /s/     David A. Klanica
                                   ---------------------------------------------
                                    Name:  David A. Klanica
                                    Title: Director of Accounting Services





                                       -3-
<PAGE>   4
                                INDEX TO EXHIBITS

Exhibit No.                     Description
- -----------                     -----------

       20                       Statement to Noteholders and Certificateholders
                                for the August 1999 Collection Period

















                                       -4-

<PAGE>   1
                     DAIMLER-BENZ VEHICLE OWNER TRUST 1998-A
                            MONTHLY SERVICING REPORT
                   SERVICER: MERCEDES-BENZ CREDIT CORPORATION
                             TRUSTEE: CITIBANK, N.A.
                         COLLECTION PERIOD: AUGUST 1999


DISTRIBUTION DATE:
                09/20/1999


<TABLE>
<CAPTION>
STATEMENT TO NOTEHOLDERS AND CERTIFICATEHOLDERS PURSUANT TO
SECTION 4.9 OF THE SALE AND SERVICING AGREEMENT                                                   Per $1,000 of Original
                                                                                                      Class A/Class B
                                                                                                          Amounts
                                                                                                   ---------------------
<S>                                                                             <C>                <C>
      (i) Principal Distribution
          Class A-1                                                                      $0.00            $0.000000
          Class A-2                                                             $49,031,542.92           $96.518785
          Class A-3                                                                      $0.00            $0.000000
          Class A-4                                                                      $0.00            $0.000000
          Class B Amount                                                                 $0.00            $0.000000

     (ii) Interest Distribution
          Class A-1                                                                      $0.00            $0.000000
          Class A-2                                                              $1,849,950.16            $3.641634
          Class A-3                                                              $1,892,000.00            $4.300000
          Class A-4                                                              $1,051,830.00            $4.350000
          Class B Amount                                                           $382,415.48            $4.683333

    (iii) Monthly Servicing Fee                                                    $989,931.09
          Monthly Supplemental Servicing Fee                                             $0.00

     (iv) Class A-1 Principal Balance (end of Collection Period)                         $0.00
          Class A-1 Pool Factor (end of Collection Period)                            0.000000%
          Class A-2 Principal Balance (end of Collection Period)               $375,431,209.65
          Class A-2 Pool Factor (end of Collection Period)                           73.903781%
          Class A-3 Principal Balance (end of Collection Period)               $440,000,000.00
          Class A-3 Pool Factor (end of Collection Period)                          100.000000%
          Class A-4 Principal Balance (end of Collection Period)               $241,800,000.00
          Class A-4 Pool Factor (end of Collection Period)                          100.000000%
          Class B Principal Balance (end of Collection Period)                  $81,654,551.40
          Class B Pool Factor (end of Collection Period)                            100.000000%

      (v) Pool Balance (end of Collection Period)                            $1,138,885,761.05

     (vi) Interest Carryover Shortfall
          Class A-1                                                                      $0.00            $0.000000
          Class A-2                                                                      $0.00            $0.000000
          Class A-3                                                                      $0.00            $0.000000
          Class A-4                                                                      $0.00            $0.000000
          Class B                                                                        $0.00            $0.000000
          Principal Carryover Shortfall
          Class A-1                                                                      $0.00            $0.000000
          Class A-2                                                                      $0.00            $0.000000
          Class A-3                                                                      $0.00            $0.000000
          Class A-4                                                                      $0.00            $0.000000
          Class B                                                                        $0.00            $0.000000

    (vii) Balance of the Reserve Fund Property (end of Collection Period)
          Class A Amount                                                        $57,100,909.30
          Class B Amount                                                                 $0.00

   (viii) Aggregate Purchase Amount of Receivables repurchased by the
          Seller or the Servicer                                                $16,465,283.76
</TABLE>

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