DAIMLER BENZ VEHICLE OWNER TRUST 1998-A
8-K, 1999-02-01
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)



                                January 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 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 December 31, 1998 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
                                       December 1998 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:  January 28, 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 December 1998 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: DECEMBER 1998


Distribution Date:
             01/20/99


<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                                                              $48,021,282.12                $133.392450
             Class A-2                                                                       $0.00                 $0.000000
             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                                                               $1,362,002.10                 $3.783339
             Class A-2                                                               $2,214,033.33                 $4.358333
             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                                                     $1,317,928.59
             Monthly Supplemental Servicing Fee                                              $0.00

    (iv)   Class A-1 Principal Balance (end of Collection Period)                  $262,038,479.44
           Class A-1 Pool Factor (end of Collection Period)                              72.788467%
           Class A-2 Principal Balance (end of Collection Period)                  $508,000,000.00
           Class A-2 Pool Factor (end of Collection Period)                             100.000000%
           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)                               $1,533,493,030.84


     (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                                                         $53,023,078.95
             Class B Amount                                                                  $0.00

   (viii)  Aggregate Purchase Amount of Receivables repurchased by
             the Seller or the Servicer                                              $1,992,529.18
</TABLE>



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