DAIMLER BENZ VEHICLE OWNER TRUST 1998-A
8-K, 2000-01-10
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)

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

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


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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 November 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
                                                November 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:  December 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
                       November 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: NOVEMBER 1999

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<CAPTION>
DISTRIBUTION DATE:
- ------------------
               12/20/99

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
                                                                                         ----------------------
   (i) Principal Distribution
       ----------------------
<S>                                                                 <C>                     <C>
            Class A-1                                                           $0.00          $0.000000
            Class A-2                                                  $45,020,538.59         $88.623107
            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                                                   $1,268,694.79          $2.497431
            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                                              $878,792.39
       ---------------------
            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)         $246,075,781.10
       Class A-2 Pool Factor (end of Collection Period)                    48.440114%
       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)                      $1,009,530,332.50

  (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                                          $19,693,682.62


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