<PAGE>
Volkswagen Credit Auto Master Owner Trust,
Series 2000-1
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Distribution Date Statement: September 20, 2000
<S> <C> <C>
a. Aggregate Amount of Collections $456,908,757.47
Aggregate Amount of Non-Principal Collections $ 5,356,828.90
Aggregate Amount of Principal Collections $451,551,928.57
Pool Balance $631,780,647.03
Residual Participation Amount $131,780,647.03
Excess Funding Account $ 0.00
b. Series Allocation Percentage 100.00%
Floating Allocation Percentage 79.14%
Principal Allocation Percentage N/A
c. Total Amount Distributed on Series 2000-1 $ 2,822,916.67
d. Amount of Such Distribution Allocable to Principal on 2000-1 $ 0.00
e. Amount of Such Distribution Allocable to Interest on 2000-1 $ 2,822,916.67
f. Noteholder Default Amount $ 0.00
g. Required Subordinated Draw Amount $ 0.00
h. Noteholder Charge Offs $ 0.00
Amounts of Reimbursements $ 0.00
i. Monthly Servicing Fee $ 526,483.87
Noteholder Monthly Servicing Fee $ 416,666.67
j. Controlled Deposit Amount $ 0.00
k. Series 2000-1 Invested Amount at end of period (Gross) $500,000,000.00
Outstanding Principal Balance $500,000,000.00
l. Available Subordinated Amount $ 56,209,601.50
m. Carry-over Amount $ 0.00
n. Reserve Account Balance $ 1,750,000.00
o. Principal Funding Account Balance $ 0.00
Yield Supplement Account Balance $ 1,750,000.00
</TABLE>
<PAGE>
VW CREDIT, INC. -- SERVICER Page 1
VOLKSWAGEN CREDIT AUTO MASTER OWNER TRUST, SERIES 2000-1
Monthly Servicer Report Input and Summary Page
----------------------------------------------
<TABLE>
<CAPTION>
TRANSACTION SUMMARY
-------------------
From To Days
Current Interest Period 08/21/2000 09/19/2000 30
<S> <C>
Series Allocation Percentage 100.00%
Initial Principal Balance $500,000,000.00
Outstanding Principal Balance $500,000,000.00
Principal Balance of Receivables for Determination Date $606,058,830.75
Amount Invested in Receivables on Series Issuance Date $500,000,000.00
Initial Invested Amount $500,000,000.00
Invested Amount at the Beginning of Period $500,000,000.00
Series 2000-1 Invested Amount at End of Period (Gross) $500,000,000.00
Required Subordinated Amount $77,179,132.96
Excess Funding Account $0.00
Series 2000-1 Invested Amount at End of Period (net of EFA) $500,000,000.00
Available Subordinated Amount (previous period) $26,975,674.02
Incremental Subordinated Amount (previous period) $26,975,674.02
RESERVE ACCOUNT AND YIELD SUPPLEMENT ACCOUNT
--------------------------------------------
Yield Supplement Account Initial Deposit $1,750,000.00
Yield Supplement Account Beginning Balance $1,750,000.00
Yield Supplement Account Required Amount $1,750,000.00
Reserve Account Initial Deposit $1,750,000.00
Reserve Account Required Amount $1,750,000.00
Reserve Account Beginning Balance $1,750,000.00
Outstanding Carryover Amount - Beginning Balance $0.00
Withdrawal from Yield Supplement Account $0.00
Outstanding Carryover Amount - Ending Balance $0.00
Yield Supplement Account Balance - Ending Balance $1,750,000.00
Yield Supplement Account Deposit Amount $0.00
Withdrawal from Reserve Account $0.00
Reserve Account Ending Balance $1,750,000.00
Reserve Account Deposit Amount $0.00
1-month LIBOR Rate (annualized) 6.6200000%
Certificate Coupon (annualized) 6.7750%
Prime Rate (annualized) 9.5000000%
Servicing Fee Rate (annualized) 1.000%
Excess Spread 2.0650000%
TRUST PRINCIPAL RECEIVABLES
---------------------------
Pool Balance at the Beginning of Period $644,748,793.68
Pool Balance at the Ending of Period $631,780,647.03
Average Aggregate Principal Balance $638,264,720.36
Aggregate Principal Collections $451,551,928.57
New Principal Receivables $438,583,781.92
Receivables Added for Additional Accounts $0.00
Noteholder Default Amount $0.00
Net Losses $0.00
Noteholder Charge-offs $0.00
Miscellaneous Payments (Adjustments and Transfer deposit amounts) $0.00
Non-Principal Collections & Inv. Proceeds treated as
Available Noteholder Principal Collections $0.00
Monthly Interest Accrued, but not Paid $0.00
Ineligible Receivables $0.00
Excess Funding Account at Date of Determination $0.00
Defaulted Receivables in Ineligible and Overconc. Accounts $0.00
MISCELLANEOUS DATA
------------------
Recoveries on Receivables Written Off $0.00
Spread Over Prime for Portfolio 0.34%
Weighted Average Interest Rate 9.84%
Previously waived Monthly Servicing Fee $0.00
</TABLE>
<TABLE>
<CAPTION>
PORTFOLIO CHARGE OFF RATE AT COLLECTION PERIOD END
--------------------------------------------------
<S> <C>
Net losses as a % of Avg. Receivables Balance (annualized) 0.00%
PORTFOLIO AND DEALERSHIP STATISTICS
-----------------------------------
Used Vehicle Receivables' Balance $34,042,523.81
Used Vehicle Percentage 5.388%
Used Vehicle Percentage During Last Collection Period 5.844%
Early Amortization Event? NO
Largest Dealer or Dealer Affiliation Balance $29,897,164.46
Largest Dealer Percentage 4.637%
Aggregate Principal Amount of Receivables of Dealers over 2% $33,706,709.06
SUMMARY OF COLLECTIONS
----------------------
Aggregate Amount of Collections $456,908,757.47
Aggregate Amount of Non-Principal Collections (including insurance proceeds & rebates) $5,356,828.90
Investment Proceeds $11,145.40
Aggregate Amount of Principal Collections $451,551,928.57
Asset Receivables Rate 8.847%
Use Asset Receivables Rate? NO
Carryover Amount (this Distribution Date) N/A
PAYMENT RATE INFORMATION
------------------------
Monthly Payment Rate 70.75%
Previous Collection Period Monthly Payment Rate 53.41%
Monthly Payment Rate 2 collection periods ago
3-month Average Payment Rate 62.08%
Early Amortization Event? NO
ACCUMULATION PERIOD/EARLY AMORTIZATION PERIOD
---------------------------------------------
Extend Revolving Period? YES
Last Day of Revolving Period N/A
Invested Amount as of Last Day of Revolving Period N/A
Accumulation Period Length (months) N/A
First Accumulation Date TO BE DETERMINED
Expected Final Payment Date N/A
Required Participation Percentage 104.00%
Principal Funding Account Balance $0.00
Principal Payment Amount $0.00
Controlled Accumlation Amount $0.00
TOTAL AMOUNT DISTRIBUTED ON SERIES 2000-1
-----------------------------------------
Noteholders
1. Monthly Noteholder Interest Distribution $2,822,916.67
2. Noteholder Monthly Servicing Fee Distribution $416,666.67
3. Reserve Account Deposit Amount Distribution $0.00
4. Noteholder Default Amount Distribution $0.00
5A. Unreimbursed Noteholder Charge-offs (net of Series Allocable Misc. Pmts) $0.00
5B. Reinstate reductions in Series 2000-1 Available Subord. Amount $0.00
6. Outstanding Carryover Amount Distribution $0.00
7. Yield Supplement Account Deposit Amount Distribution $0.00
8. Previously waived Monthly Servicing Fee Distribution $0.00
Excess Servicing $999,885.64
DEFICIENCY AMOUNT
-----------------
Deficiency Amount $0.0
Required Subordinated Draw Amount $0.0
EXCESS FUNDING ACCOUNT
----------------------
Withdrawals to purchase Receivables (Since Issuance Date) $0.00
Additions in connection with a reduction in Receivables $0.00
Transfers to Principal Funding Account $0.00
</TABLE>
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Page 2
VOLKSWAGEN CREDIT AUTO MASTER OWNER TRUST, SERIES 2000-1
Summary
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Collections Accrual Distribution
------------ ---------- ----------------
From: 21-Aug-00
To: 19-Sep-00
Days: 30
LIBOR Rate 6.6200000%
(1 month)
Series # 1 Active
VCI Rating: N/A
TRUST AND SERIES ALLOCATIONS - BEGINNING OF PERIOD
--------------------------------------------------
<TABLE>
<CAPTION>
Series Required Required Outstanding
Series Series Allocation Invested Subordinated Participation Participation Note
Number Name Percentage Amount Amount Percentage Amount Balance
--------- ------------- ---------- --------------- -------------- ------------- --------------- -----------
<S> <C> <C> <C> <C> <C> <C> <C>
Trust $500,000,000.00 $77,179,132.96 N/A $597,179,132.96
1 Series 2000-1 100.00% $500,000,000.00 $77,179,132.96 104.00% $597,179,132.96 $500,000,000.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
VOLKSWAGEN CREDIT AUTO MASTER OWNER TRUST, SERIES 2000-1
SERVICING CERTIFICATE
---------------------
INITIAL AMOUNTS EXCESS SPREAD CALCULATION
--------------- -------------------------
<S> <C> <C> <C>
Initial Invested Amount $500,000,000.00 Weighted Average Rate Charged to Dealers 9.840%
Invested Amount $500,000,000.00 LIBOR 6.620%
Controlled Accumulation Amount $0.00 Note Rate (LIBOR+15.5 b.p.) 6.775%
Required Subordinated Amount $77,179,132.96 Servicing Fee Rate 1.000%
Annualized Servicing Fee Rate 1.00% Investor Net Losses 0.000%
------
First Controlled Accumulation Date TO BE DETERMINED Excess Spread 2.065%
Accumulation Period Length (months) N/A
Expected Final Payment Date N/A
Initial Settlement Date 10-Aug-00
Required Participation Percentage 104.00%
Subordinated Percentage 9.5890%
SERIES 2000-1 MONTHLY REPORTING
-------------------------------
Required Excess
Series 2000-1 Invested Subordinated Funding
Principal Receivables Total Amount Amount Amount
--------------------- ----- ------ ------ ------
Series Allocation Percentage 100.00%
Beginning Balance $500,000,000.00 $500,000,000.00 $77,179,132.96 $0.00
Floating Allocation Percentage 79.14% 79.14%
Principal Allocation Percentage N/A N/A
Principal Collections $451,551,928.57 $451,551,928.57 N.A. N.A.
New Principal Receivables $438,583,781.92 $438,583,781.92 N.A. N.A.
Principal Default Amounts $0.00 $0.00 N.A. N.A.
Receivables Added for Additional Accounts $0.00 $0.00 N.A. N.A.
Controlled Deposit Amount $0.00 N/A N.A. N.A.
"Pool Factor" 100.00000000%
Ending Balance $500,000,000.00 $500,000,000.00 $77,179,132.96 $0.00
Floating Allocation Percentage 79.14% 79.14%
Non-Principal Receivables
-------------------------
Non-Principal Collections $4,239,468.97
Recoveries on Receivables Written Off $0.00
Investment Proceeds $11,145.40
</TABLE>
<PAGE>
Page 4
VOLKSWAGEN CREDIT AUTO MASTER OWNER TRUST, SERIES 2000-1
SERVICING CERTIFICATE
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<TABLE>
<CAPTION>
Subordinated Amount & Reserve Fund Current Previous
---------------------------------- ------- --------
<S> <C> <C>
Available Subordination Amount (Previous) $26,975,674.02 $0.00
Required Subordination Draw Amount $0.00 $0.00
Reserve Account Funds to Noteholder Default Amount $0.00 $0.00
Non-principal Collections & Inv. Proceeds treated as $0.00 $0.00
Available Noteholder Principal Collections ----- -----
(1) Subtotal $26,975,674.02 $0.00
(2) Subordination Percentage* Series 2000-1 $47,945,205.48 $47,945,205.48
Invested Amount
(a) lower of (1) or (2) $26,975,674.02 $0.00
(b) Incremental Subordinated Amount (previous period) $0.00 $0.00
(c) Incremental Subordinated Amount $29,233,927.48 $26,975,674.02
(d) Payments from Excess Funding Account to $0.00 $0.00
Residual Interestholder
Available Subordinated Amount $56,209,601.50 $26,975,674.02
Overconcentration Amount $33,706,709.06 $31,741,373.24
Beginning Reserve Account Balance $1,750,000.00 $1,750,000.00
Reserve Account Required Amount $1,750,000.00 $1,750,000.00
Withdrawal from Reserve Account $0.00 $0.00
Reserve Account Deposit Amount $0.00 $0.00
Ending Reserve Account Balance $1,750,000.00 $1,750,000.00
Required Non-Principal Distributions
------------------------------------
Available Non-Principal Collections $5,356,828.90 $5,356,472.66
Noteholder Non-Principal Collections $4,239,468.97 $4,153,922.20
Residual Interestholder Non- Principal Collections $1,117,359.93 $1,202,550.46
Investment Proceeds $11,145.40 $0.00
Reserve Fund Balance $1,750,000.00 $1,750,000.00
-------------- --------------
Total Non-Principal Available $7,117,974.30 $7,106,472.66
Interest Shortfall $0.00 $0.00
Additional Interest $0.00 $0.00
Carry-over Amount $0.00 $0.00
Carry-over Shortfall $0.00 $0.00
Additional Interest on Carry-over Shortfall $0.00 $0.00
Monthly Servicing Fee $526,483.87 $537,290.66
Noteholder Monthly Servicing Fee $416,666.67 $416,666.67
</TABLE>