DAIMLER BENZ VEHICLE OWNER TRUST 1998-A
8-K, 2000-01-31
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, 2000
     ----------------------------------------------------------------------
                Date of Report (Date of earliest event reported)

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

        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 December 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 Noteholders and
                                               Certificateholders for the
                                               December 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:  January 28, 2000                 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 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: December 1999

Distribution Date:
        01/20/2000

<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                                                             $46,046,295.69            $90.642314
           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                                                              $1,072,480.28             $2.111182
           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                                                      $841,275.28
         ---------------------
           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)                 $200,029,485.41
         Class A-2 Pool Factor (end of Collection Period)                            39.375883%
         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)                                $963,484,036.81

(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      $24,608,394.72
             or the Servicer
</TABLE>



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