DAIMLER BENZ VEHICLE OWNER TRUST 1998-A
8-K, 1999-11-22
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)



                                October 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 September 30, 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
                                September 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:  October 29, 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
                  September 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: SEPTEMBER 1999

DISTRIBUTION DATE:
                     10/20/1999

<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                                                           $43,508,134.62             $85.645934
                   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                                                            $1,636,254.36              $3.220973
                   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                                                     $949,071.47
                ---------------------
                   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)                $331,923,075.03
                Class A-2 Pool Factor (end of Collection Period)                           65.339188%
                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)                             $1,095,377,626.43

      (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                                               $17,100,335.42
</TABLE>


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