COMPUTATIONAL MATERIALS
PEOPLEFIRST.COM
$244,520,000 (Approximate)
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
$31,000,000 [TBD]% Class A-1 Notes, Series 2000-1
$109,000,000 [TBD]% Class A-2 Notes, Series 2000-1
$34,000,000 [TBD]% Class A-3 Notes, Series 2000-1
$70,520,000 [TBD]% Class A-4 Notes, Series 2000-1
Prudential
Securities
June 19, 2000
-------------------------------------------------------------------------------
The information herein has been provided solely by Prudential Securities
Incorporated ("PSI") based on information with respect to the motor vehicle
loans provided by PeopleFirst Finance, LLC ("PFF") and its affiliates.
Neither PFF nor any of its affiliates makes any representation as to the
accuracy or completeness of the information herein. The information herein
is preliminary and supersedes any prior information and will be superseded
by the prospectus supplement and by any other information subsequently
filed with the Securities and Exchange Commission (SEC). All assumptions
and information in this report reflect PSI's judgment as of this date and
are subject to change. All analyses are based on certain assumptions noted
herein and different assumptions could yield substantially different
results. You are cautioned that there is no universally accepted method for
analyzing financial instruments. You should review the assumptions; there
may be differences between these assumptions and your actual business
practices. Further, PSI does not guarantee any results and there is no
guarantee as to the liquidity of the instruments involved in this analysis.
The decision to adopt any strategy remains your responsibility. PSI (or any
of its affiliates) or their officers, directors, analysts or employees may
have positions in securities, commodities or derivative instruments thereon
referred to here, and may, as principal or agent, buy or sell such
securities, commodities or derivative instruments. In addition, PSI may
make a market in the securities referred to herein. Neither the information
nor the assumptions reflected herein shall be construed to be, or
constitute, an offer to sell or buy or a solicitation of an offer to sell
or buy any securities, commodities or derivative instruments mentioned
herein. No sale of any securities, commodities or derivative instruments
should be consummated without the purchaser first having received a
prospectus and, if required, prospectus supplement. Finally, PSI has not
addressed the legal, accounting and tax implications of the analysis with
respect to you, and PSI strongly urges you to seek advice from your
counsel, accountant and tax advisor.
-------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
1
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
<TABLE>
<CAPTION>
STRUCTURE IFNORMATION
Class A-1 Class A-2 Class A-3 Class A-4
--------- --------- --------- ---------
<S> <C> <C> <C> <C>
Approximate Size: $31,000,000 $109,000,000 $34,000,000 $70,520,000
Expected Ratings
(Moody's/S&P): P-1/A-1+ Aaa/AAA Aaa/AAA Aaa/AAA
Exp. Avg. Life to
15% Call: 0.17 yrs 1.00 yrs 2.00 yrs 2.84 yrs
Exp. Mat. to
15% Call: 11/15/00 3/15/02 10/15/02 7/15/03
Exp. Average Life to
Maturity: 0.17 yrs 1.00 yrs 2.00 yrs 3.15 yrs
Expected Maturity: 11/15/00 3/15/02 10/15/02 4/15/05
Stated Maturity: 7/15/01 6/15/03 2/15/04 12/15/06
Interest Payment: Actual/360 30/360 30/360 30/360
Payment Delay: 0 days 0 days 0 days 0 days
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
2
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
TRANSACTION OVERVIEW
Title of Securities: PeopleFirst.com Vehicle Owner Trust, Series 2000-1,
Class A-1 Notes, Class A-2 Notes, Class A-3
Notes and Class A-4 Notes (the "Notes").
Originator/Servicer: PeopleFirst Finance, LLC ("PeopleFirst")
Bond Insurer: Financial Security Assurance Inc. ("FSA" or the
"Insurer")
Trustee: Norwest Bank Minnesota, National Association
Securities Offered: $31,000,000, [TBD]% Class A-1 Notes
$109,000,000, [TBD]% Class A-2 Notes
$34,000,000, [TBD]% Class A-3 Notes
$70,520,000, [TBD]% Class A-4 Notes
Issuer: PeopleFirst.com Vehicle Receivables Owner Trust
2000-1, a special-purpose Delaware business trust.
Structure: The Notes will be sequential-pay and insured by FSA.
Collateral: The Transaction is collateralized by, among other
things, a pool of new and used consumer automobile
and motorcycle loans (the "Loans"), including the
principal and interest payments due or to become due
thereon after the Cut-off Date, and rights in and to
the Collection Account and any other bank accounts
opened by the Issuer (each, an "Account"). Initially,
$252,514,897 of collateral will support the Notes and
Certificates (the "Initial Collateral Balance").
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
3
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
TRANSACTION OVERVIEW (Cont.)
Underwriters: Prudential Securities, Incorporated
Barclays Capital, Inc.
Cut-Off Date: Opening of business on June 1, 2000
Expected Pricing: June [21], 2000
Expected Settlement: June [30], 2000
Servicing Fee: 50 bps
Pricing Speed: 1.5% ABS
Determination Date: The 5th Business Day immediately preceding
each Payment Date.
Payment Date: The 15th day of each month (or if any such
date is not a business day, on the first
business day thereafter), commencing on
July 17, 2000.
Distribution and Form: The Notes are being publicly offered.
The Notes will be available in Book Entry
Form through DTC.
Minimum
Denomination: $1,000,000 and increments of $100,000.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
4
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
TRANSACTION OVERVIEW (Cont.)
Flow of Funds: On each Payment Date, the Indenture Trustee
will distribute the following amounts:
(i) From the Distribution Amount, to the
Servicer, the Base Servicing Fee for the
related Collection Period, and any other
amounts owed to the Servicer that the
Servicer has not reimbursed itself in
respect of and to the extent not retained
by the Servicer;
(ii) From the Distribution Amount, pro rata, (i)
to the Indenture Trustee, the Indenture
Trustee Fee, to the Backup Servicer, the
Backup Servicer Fee and expenses (provided
that all expenses incurred by the Backup
Servicer in connection with its assumption
of the role of Servicer shall not exceed
$35,000 in the aggregate, at any time when
the Notes are Outstanding); and (ii) to
the Owner Trustee, the Owner Trustee fee
in accordance with the agreement between
the Servicer and the Owner Trustee;
(iii) From the Distribution Amount, to the Note
Distribution Account, the Noteholders'
Interest Distributable Amount;
(iv) From the Distribution Amount, to the Note
Distribution Account, the Noteholders'
Principal Distributable Amount;
(v) From the Distribution Amount, to the
Insurer, to the extent of any amounts
owing to the Insurer under the Insurance
Agreement and not paid;
(vi) From the Available Funds, to the Reserve
Account, all Available Funds remaining
after distribution pursuant to clauses (i)
through (v) above;
(vii) From amounts, if any, released from the
Reserve Account on such Payment Date
pursuant to the terms of the Reserve
Account Agreement for deposit in the
Certificate Distribution Account (A) the
Certificateholders' Monthly Principal
Distributable Amount, and second, (B) the
remaining amount, for distribution to the
Class R Certificateholders.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
5
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
TRANSACTION OVERVIEW (Cont.)
Available Funds: For any Determination Date, the following
amounts related to the preceding
Collection Period will be available for
distribution:
(i) The Collected Funds for the related
Collection Period;
(ii) All Purchase Amounts deposited in the
Collection Account during the related
Collection Period;
(iii) All income received from investments of
funds in the Collection Account and the
Reserve Account during the related
Collection Period.
Distribution
Amount: For any Payment Date, the sum of (i) the
Available Funds for the immediately preceding
Determination Date, plus (ii) any amounts
received with respect to the Deficiency Claim
Amount from the Reserve Account, an Insurer
Optional Deposit or otherwise, other than
from draws under the Policy, received by the
Indenture Trustee from the Insurer with
respect to such Payment Date.
Any amounts received by the Indenture Trustee
resulting from a draw on the Policy shall be
deposited directly into the Noteholder
Distribution Account for further distribution
to the Noteholders.
Interest Payment
Amount: The Class A-1 Notes will bear interest on a
fixed rate per annum, calculated on an
actual/360 basis. The Class A-2 Notes, Class
A-3 Notes and Class A-4 Notes will bear
interest at a fixed rate per annum,
calculated on a 30/360 basis. With respect to
the first Payment Date, interest on the Notes
shall accrue from June 15th to but excluding
such Payment Date.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
6
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
TRANSACTION OVERVIEW (Cont.)
Principal Distributable
Amount: With respect to any Payment Date, will be an
amount equal to the sum of the following amounts:
(i) the principal portion of all Collected
Funds received during the immediately
preceding calendar month including the
principal portion of all prepayments;
(ii) the Principal Balance of all Receivables
that became Liquidated Receivables
during the related calendar month;
(iii) the principal portion of the Purchase
Amounts received with respect to all
Receivables that became Purchased
Receivables during the related calendar
month;
(iv) at the option of the Insurer, the
Principal Balance of the Receivables
that were required to be purchased by
the Transferor and Servicer during the
related calendar month but were not
purchased, and
(v) the aggregate amount of Cram Down Losses
that have occurred during the related
calendar month.
Noteholders'
Principal Distributable
Amount: For any Payment Date, the product of (A) the
lesser of (1) the Principal Distributable
Amount on such Payment Date and (2) the
excess, if any, of (x) the aggregate
Outstanding Amount of the Notes and the
Certificates as of the day immediately
preceding such Payment Date over (y) the
Pool Balance at the end of the related
Collection Period less the Yield Supplement
Overcollateralization Amount with respect to
such Distribution Date; and (B) 98%.
Charged-off
Loan: With respect to any Collection Period, a Loan
(i) that has been charged-off in accordance
with the Originator's credit and collection
policies or (ii) 90% or more of any scheduled
payment on such Loan is 120 days or more
delinquent as of the end of such Collection
Period.
Cram Down Losses: If, during an insolvency proceeding,
a court issued an order which
reduces the amount owed on a Loan, a Cram
Down Loss is the amount equal to such
reduction in principal balance.
Credit Enhancement: Subordination, Reserve Account, Yield Supplement
Overcollateralization Amount, Insurance Policy
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
7
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
TRANSACTION OVERVIEW (Cont.)
Subordination: The Certificates are subordinated to the
Notes. Initially, the Certificates shall
represent 2.0% of the Original Pool Balance
less the Yield Supplement
Overcollateralization Amount.
Reserve Account: Funds may be withdrawn from the
Reserve Account on or before each Payment
Date to pay any Deficiency Claim Amount for
such Payment Date, including amounts needed
to pay the Noteholders' Interest
Distributable Amount and the Noteholders'
Principal Distributable Amount for such
Payment Date.
The amount required under the Reserve Account
Agreement to be on deposit in the Reserve
Account at any time (the "Reserve Account
Required Amount") may increase or decrease
without Noteholder consent and there can be
no assurance that the amounts on deposit in
the Reserve Account will reach the Reserve
Account Required Amount since the existence
of the Reserve Account and any other term or
provision in the Reserve Account Agreement
regarding the Reserve Account may be amended
by the Insurer without Noteholder consent.
Consequently, the Noteholders should not rely
on amounts on deposit in or to be deposited
to the Reserve Account in evaluating the
likelihood of receiving repayment of the
Notes. The Reserve Account will be
cross-collateralized with other Reserve
Accounts that have been established with
respect to other PeopleFirst securitizations.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
8
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
TRANSACTION OVERVIEW (Cont.)
Yield Supplement
Overcollateralization
Amount: On the Closing Date, the sum of the original
pool balance will exceed the initial
principal amount of the Securities, by
$3,004,692 (the "Initial
Overcollateralization Amount"), which is
approximately 1.19% of the sum of the
aggregate principal balance of the
receivables as of the cutoff date. The Yield
Supplement Overcollateralization Amount will
amortize on a schedule over the term of the
outstanding Notes and Certificates. The
Yield Supplement Overcollateralization
Amount is intended to compensate for the low
APRs on some of the Loans. The Yield
Supplement Overcollateralization Amount has
been calculated for each Payment Date as the
sum of the amount for each Loan equal to the
excess, if any, of (x) the scheduled
payments due on that Loan for each future
collection period discounted to present
value as of the end of the preceding
collection period at the APR of that Loan
over (y) the scheduled payments due on the
Loan for each future collection period
discounted to present value as of the end of
the preceding collection period at 8.4%. For
purposes of the preceding definition, future
scheduled payments on the Loans are assumed
to be made on their scheduled due dates
without any delays, defaults or prepayments.
The Policy: Simultaneously with the issuance of the
Notes, the Insurer will deliver the Policy
to the Indenture Trustee for the benefit of
each Noteholder. Under the Policy, the
Insurer will unconditionally and irrevocably
guarantee to the Indenture Trustee for the
benefit of each Noteholder the full and
complete payment of (i) Scheduled Payments
(as defined below) on the Notes and (ii) the
amount of any Scheduled Payment which
subsequently is avoided in whole or in part
as a preference payment under applicable law.
"Scheduled Payment" means payments which are
scheduled to be made on the Notes during the
term of the Policy in accordance with the
original terms of the Notes when issued and
without regard to any subsequent amendment or
modification of the Notes or the Indenture
that has not been consented to by the
Insurer, which payments for each Payment Date
are (i) the Noteholders' Interest
Distributable Amount for such Payment Date
and (ii) the Noteholders' Principal
Distributable Amount.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
9
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
TRANSACTION OVERVIEW (Cont.)
Optional Redemption
(Full Redemption): The Notes may be redeemed by the
Transferor, in whole but not in part, at par
plus accrued interest on any Payment Date on
which the outstanding Pool Balance is less
than or equal to 15% of the Original Pool
Balance.
Tax Status: The Notes will be characterized as debt for
federal income tax purposes. Please see the
Prospectus for a full description of the tax
characterization of the Notes.
ERISA Eligible: The acquisition of the Notes by an employee
benefit plan subject to the Employee
Retirement Income Security Act of 1974, as
amended ("ERISA") or the provisions of
Section 4975 of the Code (a "Plan"), is
permissible if the proposed acquisition
would not result in a prohibited transaction
under ERISA or the Code or if the
transaction qualifies for a statutory or
administrative exemption. If the proposed
acquisition does not qualify for an
exemption, such acquisition could result in
a prohibited transaction under ERISA or
Section 4975 of the Code. If, by virtue of
such acquisition, assets held by the Issuer
and pledged to the Trustee were deemed to be
assets of the Plan, the Issuer or other
parties may be considered to be a fiduciary
with respect to any Plan. Therefore, the
acquisition and transfer of the Notes are
subject to certain restrictions.
The Indenture provides that each
prospective initial Noteholder acquiring the
Notes, each prospective transferee acquiring
the Notes, and each prospective owner (or
transferee thereof) of a beneficial interest
in the Notes (each a "Prospective Owner")
will be deemed to have represented and
warranted to the Originator, the Servicer,
the Issuer, the Trustee and any successor
Servicer that either (1) the Prospective
Owner is not a Plan and the Prospective Owner
is not directly or indirectly acquiring the
Offered Notes on behalf of, as investment
manager of, as named fiduciary of, as trustee
of, or with assets of a Plan, or (2) the
proposed acquisition and holding will not
give rise to a transaction described in
Section 406(a) of ERISA or Section 4975(e)(l)
of the Code for which a statutory or
administrative exemption is unavailable. See
"ERISA Considerations" in the Prospectus.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
10
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
TRANSACTION OVERVIEW (Cont.)
Further Information:
Banking:
Robert DiOrio (212-778-4231)
Caroline Owen (212-778-8038)
Laura Haggarty (212-778-7437)
Trading:
Rob Karr (212-778-2741)
Chris Connors (212-778-2741)
FSG:
Lina Hsu (212-778-1451)
Matt DeAngelis (212-778-2458)
Martha Slater (212-778-8261)
Wendy Liu (212-778-4876)
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
11
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
Number of Receivables: 14,298
Aggregate Current Principal Balance: $252,514,897.94
Aggregate Original Principal Balance: $265,373,079.39
Weighted Average APR: 7.911%
APR Range: 6.750% - 11.990%
Average Current Principal Balance: $17,660.85
Current Principal Balance Range: $712.35 - $84,500.00
Average Original Principal Balance: $18,560.15
Original Principal Balance Range: $6,325.00 - $84,500.00
Weighted Average Original Term to Stated Maturity
(in months): 55.599
Original Term to Stated Maturity Range
(in months): 12 - 72
Weighted Average Remaining
Amortization (in months): 52.832
Remaining Amortization Term Range (in months): 3 - 72
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
12
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
<TABLE>
<CAPTION>
Distribution by Remaining Principal Balance of the Receivables
as of the Cut-off Date
Percentage
Aggregate of Aggregate
Range of Remaining Number of Principal Principal
Principal Balances Receivables Balance Balance (1)
<S> <C> <C> <C>
$0.00 < to <= $5,000.00 29 $ 99,711.62 0.04%
$5,000.00 < to <= $10,000.00 2,419 20,263,867.78 8.02
$10,000.00 < to <= $15,000.00 3,887 49,531,957.29 19.62
$15,000.00 < to <= $20,000.00 3,592 63,144,595.04 25.01
$20,000.00 < to <= $25,000.00 2,193 49,476,868.15 19.59
$25,000.00 < to <= $30,000.00 1,206 33,156,949.43 13.13
$30,000.00 < to <= $35,000.00 489 15,912,982.29 6.30
$35,000.00 < to <= $40,000.00 231 8,632,484.09 3.42
$40,000.00 < to <= $45,000.00 113 4,814,458.43 1.91
$45,000.00 < to <= $50,000.00 65 3,092,732.27 1.22
$50,000.00 < to <= $55,000.00 25 1,311,241.98 0.52
$55,000.00 < to <= $60,000.00 25 1,447,677.13 0.57
$60,000.00 < to <= $65,000.00 9 567,862.60 0.22
$65,000.00 < to <= $70,000.00 8 544,048.85 0.22
$70,000.00 < to <= $75,000.00 6 432,960.99 0.17
$80,000.00 < to <= $85,000.00 1 84,500.00 0.03
Total: 14,298 $ 252,514,897.94 100.00%
(1) Percentages may not add to 100.00% due to rounding.
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
13
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
<TABLE>
<CAPTION>
Geographic Distribution of the Receivables Pool as of the Cut-off Date
Number of Aggregate Principal Percentage of Aggregate
State (1) Receivables Balance Principal Balance (2)
<S> <C> <C> <C>
Alabama 121 $ 2,117,847.21 0.84%
Alaska 11 185,327.16 0.07
Arizona 325 6,159,870.93 2.44
Arkansas 120 1,954,215.70 0.77
California 2,541 49,374,643.77 19.55
Colorado 308 5,187,424.89 2.05
Connecticut 293 4,718,928.99 1.87
Delaware 86 1,446,311.54 0.57
District of Columbia 40 701,931.92 0.28
Florida 754 13,037,173.14 5.16
Georgia 682 11,611,050.23 4.60
Hawaii 5 81,724.96 0.03
Idaho 58 1,014,441.23 0.40
Illinois 485 8,727,787.10 3.46
Indiana 204 3,385,486.41 1.34
Iowa 77 1,233,932.33 0.49
Kansas 129 2,030,356.37 0.80
Kentucky 84 1,434,309.63 0.57
Louisiana 66 1,208,829.20 0.48
Maine 38 522,849.78 0.21
Maryland 380 6,694,784.14 2.65
Massachusetts 432 7,100,792.86 2.81
Michigan 381 6,343,902.01 2.51
Minnesota 259 4,418,986.75 1.75
Mississippi 28 509,600.31 0.20
Missouri 206 3,379,289.84 1.34
Montana 37 549,430.44 0.22
Nebraska 44 741,066.46 0.29
Nevada 82 1,678,722.01 0.66
New Jersey 486 10,078,140.12 3.99
New Mexico 95 1,701,681.31 0.67
New York 836 13,946,219.85 5.52
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
14
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
<CAPTION>
Geographic Distribution of the Receivables Pool as of the Cut-off Date (Cont.)
Percentage of Aggregate
Number of Aggregate Principal Principal Balance (2)State (1)
Receivables Balance
<S> <C> <C> <C>
North Carolina 360 6,133,896.94 2.43
Ohio 453 7,018,176.41 2.78
Oklahoma 111 1,763,591.78 0.70
Oregon 222 3,730,371.28 1.48
Pennsylvania 504 8,313,972.58 3.29
Rhode Island 30 440,923.41 0.17
South Carolina 92 1,401,277.10 0.55
South Dakota 9 128,098.97 0.05
Tennessee 175 2,846,394.08 1.13
Texas 1,355 25,389,708.74 10.05
Utah 42 656,023.41 0.26
Vermont 46 705,729.06 0.28
Virginia 489 8,374,541.75 1.32
Washington 446 8,027,684.61 3.18
West Virginia 49 767,100.03 0.30
Wisconsin 209 3,333,891.83 1.32
Wyoming 13 206,457.37 0.08
Total: 14,298 $ 252,514,897.94 100.00%
(1) Based on mailing addresses of the Obligors as of the date of
origination.
(2) Percentages may not add to 100.00% due to rounding.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
</TABLE>
15
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
<TABLE>
<CAPTION>
Distribution by Annual Percentage Rate of the Receivables as of the Cut-off Date
Percentage of Aggregate
Number of Aggregate Aggregate Principal
Range of Annual Percentage Rates Receivables Principal Balance Balance(1)
<S> <C> <C> <C>
6.500% < to <= 6.750% 1 $ 11,533.91 0.00%
6.750% < to <= 7.000% 299 5,526,326.04 2.19
7.000% < to <= 7.250% 1,929 39,050,201.07 15.46
7.250% < to <= 7.500% 1,264 24,749,146.30 9.80
7.500% < to <= 7.750% 3,341 69,566,538.91 27.55
7.750% < to <= 8.000% 2,220 35,752,672.00 14.16
8.000% < to <= 8.250% 327 5,296,386.34 2.10
8.250% < to <= 8.500% 2,551 38,185,083.31 15.12
8.500% < to <= 8.750% 370 5,459,090.71 2.16
8.750% < to <= 9.000% 1,112 14,885,437.86 5.89
9.000% < to <= 9.250% 159 3,523,102.86 1.40
9.250% < to <= 9.500% 323 4,122,344.40 1.63
9.500% < to <= 9.750% 160 3,124,164.52 1.24
9.750% < to <= 10.000% 99 1,278,011.54 0.51
10.000% < to <= 10.250% 47 797,778.18 0.32
10.250% < to <= 10.500% 11 160,783.09 0.06
10.500% < to <= 10.750% 13 199,590.14 0.08
10.750% < to <= 11.000% 24 286,824.70 0.11
11.250% < to <= 11.500% 33 383,032.69 0.15
11.750% < to <= 12.000% 15 156,849.37 0.06
Total: 14,298 $ 252,514,897.94 100.00%
(1) Percentages may not add to 100.00% due to
rounding.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
16
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
<CAPTION>
Distribution by Original Term to Stated Maturity of the Receivables
as of the Cut-off Date
Number of Aggregate Principal Percentage of Aggregate
Range of Original Terms (1) Receivables Balance Principal Balance (2)
<S> <C> <C> <C>
10 < to <= 15 30 $ 324,180.92 0.13%
15 < to <= 20 11 113,034.54 0.04
20 < to <= 25 196 2,256,549.99 0.89
25 < to <= 30 34 336,906.31 0.13
30 < to <= 35 7 94,657.86 0.04
35 < to <= 40 1,632 22,005,165.92 8.71
40 < to <= 45 87 1,053,359.00 0.42
45 < to <= 50 3,034 46,502,903.99 18.42
50 < to <= 55 81 1,178,490.62 0.47
55 < to <= 60 8,679 168,061,292.15 66.56
60 < to <= 65 1 14,641.00 0.01
65 < to <= 70 106 2,143,591.87 0.85
70 < to <= 75 400 8,430,123.77 3.34
Total: 14,298 $ 252,514,897.94 100.00%
(1) Defined as the number of months to fully
amortize the loan.
(2) Percentages may not add to 100.00% due to
rounding.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
17
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
<CAPTION>
Distribution by Remaining Amortization Term of the Receivables
as of the Cut-off Date
Number of Aggregate Principal Percentage of Aggregate
Range of Remaining Terms (1) Receivables Balance Principal Balance (2)
<S> <C> <C> <C>
0 < to <= 5 10 $ 46,608.41 0.02%
5 < to <= 10 26 202,376.72 0.08
10 < to <= 15 27 327,683.07 0.13
15 < to <= 20 76 692,101.00 0.27
20 < to <= 25 164 1,973,931.67 0.78
25 < to <= 30 244 2,775,379.55 1.10
30 < to <= 35 1,116 15,411,170.91 6.10
35 < to <= 40 425 5,787,731.25 2.29
40 < to <= 45 1,372 20,695,908.25 8.20
45 < to <= 50 1,695 26,494,947.21 10.49
50 < to <= 55 2,435 46,095,766.29 18.25
55 < to <= 60 6,203 121,461,420.87 48.10
60 < to <= 65 66 1,304,311.77 0.52
65 < to <= 70 175 3,543,503.13 1.40
70 < to <= 75 264 5,702,057.84 2.26
Total: 14,298 $ 252,514,897.94 100.00%
(1) Defined as the number of months remaining in the amortization
schedule.
(2) Percentages may not add to 100.00% due to rounding.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
18
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
<CAPTION>
Distribution by Loan Purpose as of the Cut-off Date
Percentage of Aggregate
Number of Aggregate Principal Principal Balance (1)
Loan Purpose Receivables Balance
<S> <C> <C> <C>
Lease Buy Out 782 $ 12,005,250.61 4.75%
New 6,661 139,323,380.88 55.17
Refinance 1,672 26,470,886.28 10.48
Used 5,183 74,715,380.17 29.59
Total: 14,298 $ 252,514,897.94 100.00%
(1) Percentages may not add to 100.00% due to rounding.
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
19
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
<TABLE>
<CAPTION>
BOND A1 A-1+/P-1 CLASS
**** TO CALL ****
CURRENT BALANCE: $31,000,000.00 DATED DATE: 06/15/00
ORIGINAL BALANCE: $31,000,000.00 YIELD TABLE DATE: 06/30/00
BOND A1 MONTHLY YIELD ACT/360 TABLE
PREPAYMENT SPEED
0.00% 1.00% 1.30% 1.50% 1.70% 2.00%
PRICE ABS ABS ABS ABS ABS ABS
--- --- --- --- --- ---
<S> <C> <C> <C> <C> <C> <C>
99-24 7.552 8.002 8.138 8.249 8.337 8.473
99-24+ 7.504 7.925 8.053 8.156 8.239 8.366
99-25 7.455 7.848 7.967 8.064 8.141 8.260
99-25+ 7.406 7.771 7.882 7.972 8.043 8.154
99-26 7.357 7.694 7.796 7.879 7.945 8.047
99-26+ 7.309 7.617 7.711 7.787 7.847 7.941
99-27 7.260 7.541 7.625 7.695 7.749 7.834
99-27+ 7.211 7.464 7.540 7.602 7.651 7.728
99-28 7.163 7.387 7.455 7.510 7.554 7.622
99-28+ 7.114 7.310 7.369 7.418 7.456 7.515
99-29 7.065 7.233 7.284 7.325 7.358 7.409
99-29+ 7.017 7.157 7.199 7.233 7.261 7.303
99-30 6.968 7.080 7.114 7.141 7.163 7.197
99-30+ 6.920 7.003 7.028 7.049 7.065 7.091
99-31 6.871 6.926 6.943 6.957 6.968 6.984
99-31+ 6.822 6.850 6.858 6.865 6.870 6.878
100-00 6.774 6.773 6.773 6.773 6.773 6.772
100-00+ 6.725 6.696 6.688 6.681 6.675 6.666
100-01 6.677 6.620 6.603 6.589 6.578 6.560
100-01+ 6.628 6.543 6.518 6.497 6.480 6.454
100-02 6.580 6.467 6.432 6.405 6.383 6.348
100-02+ 6.531 6.390 6.347 6.313 6.285 6.242
100-03 6.483 6.314 6.262 6.221 6.188 6.137
100-03+ 6.434 6.237 6.177 6.129 6.091 6.031
100-04 6.386 6.161 6.092 6.037 5.993 5.925
100-04+ 6.337 6.084 6.007 5.945 5.896 5.819
100-05 6.289 6.008 5.923 5.853 5.799 5.713
100-05+ 6.240 5.931 5.838 5.762 5.701 5.608
100-06 6.192 5.855 5.753 5.670 5.604 5.502
100-06+ 6.143 5.778 5.668 5.578 5.507 5.396
100-07 6.095 5.702 5.583 5.486 5.410 5.291
100-07+ 6.047 5.626 5.498 5.395 5.313 5.185
First Payment 0.042 0.042 0.042 0.042 0.042 0.042
Average Life 0.321 0.202 0.182 0.168 0.158 0.146
Last Payment 0.625 0.375 0.375 0.375 0.292 0.292
Accrued Interest 0.282 0.282 0.282 0.282 0.282 0.282
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
20
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
The preliminary pricing information contained herein is neither an offer to
sell nor a solicitation to buy any securities. Moreover, there is no
assurance that such information will not change prior to final pricing. Any
formal offer or solicitation will be made by a prospectus (or offering
memorandum) to be accompanied or followed by a written confirmation.
<CAPTION>
BOND A2 AAA/Aaa CLASS
**** TO CALL ****
CURRENT BALANCE: $109,000,000.00 DATED DATE: 06/15/00
ORIGINAL BALANCE: $109,000,000.00 YIELD TABLE DATE: 06/30/00
BOND A2 BE-YIELD TABLE
PREPAYMENT SPEED
0.00% 1.00% 1.30% 1.50% 1.70% 2.00%
PRICE ABS ABS ABS ABS ABS ABS
--- --- --- --- --- ---
<S> <C> <C> <C> <C> <C> <C>
99-24 7.419 7.482 7.505 7.521 7.538 7.565
99-24+ 7.408 7.467 7.489 7.504 7.520 7.545
99-25 7.398 7.453 7.473 7.487 7.502 7.526
99-25+ 7.387 7.439 7.457 7.471 7.484 7.506
99-26 7.377 7.424 7.442 7.454 7.466 7.487
99-26+ 7.367 7.410 7.426 7.437 7.449 7.467
99-27 7.356 7.395 7.410 7.420 7.431 7.447
99-27+ 7.346 7.381 7.394 7.403 7.413 7.428
99-28 7.335 7.367 7.378 7.386 7.395 7.408
99-28+ 7.325 7.352 7.362 7.369 7.377 7.389
99-29 7.314 7.338 7.347 7.353 7.359 7.369
99-29+ 7.304 7.324 7.331 7.336 7.341 7.349
99-30 7.294 7.309 7.315 7.319 7.323 7.330
99-30+ 7.283 7.295 7.299 7.302 7.305 7.310
99-31 7.273 7.280 7.283 7.285 7.287 7.291
99-31+ 7.262 7.266 7.268 7.269 7.270 7.271
100-00 7.252 7.252 7.252 7.252 7.252 7.252
100-00+ 7.242 7.237 7.236 7.235 7.234 7.232
100-01 7.231 7.223 7.220 7.218 7.216 7.213
100-01+ 7.221 7.209 7.204 7.201 7.198 7.193
100-02 7.210 7.194 7.189 7.185 7.180 7.174
100-02+ 7.200 7.180 7.173 7.168 7.162 7.154
100-03 7.190 7.166 7.157 7.151 7.145 7.135
100-03+ 7.179 7.152 7.141 7.134 7.127 7.115
100-04 7.169 7.137 7.126 7.117 7.109 7.096
100-04+ 7.158 7.123 7.110 7.101 7.091 7.076
100-05 7.148 7.109 7.094 7.084 7.073 7.057
100-05+ 7.138 7.094 7.078 7.067 7.055 7.037
100-06 7.127 7.080 7.063 7.050 7.038 7.018
100-06+ 7.117 7.066 7.047 7.034 7.020 6.998
100-07 7.106 7.051 7.031 7.017 7.002 6.979
100-07+ 7.096 7.037 7.015 7.000 6.984 6.959
First Payment 0.625 0.375 0.375 0.375 0.292 0.292
Average Life 1.656 1.181 1.068 1.001 0.939 0.856
Last Payment 2.625 2.042 1.875 1.708 1.625 1.458
Accrued Interest 0.298 0.298 0.298 0.298 0.298 0.298
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
21
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
The preliminary pricing information contained herein is neither an offer to
sell nor a solicitation to buy any securities. Moreover, there is no
assurance that such information will not change prior to final pricing. Any
formal offer or solicitation will be made by a prospectus (or offering
memorandum) to be accompanied or followed by a written confirmation.
<CAPTION>
BOND A3 AAA/Aaa CLASS
**** TO CALL ****
CURRENT BALANCE: $34,000,000.00 DATED DATE: 06/15/00
ORIGINAL BALANCE: $34,000,000.00 YIELD TABLE DATE: 06/30/00
BOND A3 BE-YIELD TABLE
PREPAYMENT SPEED
0.00% 1.00% 1.30% 1.50% 1.70% 2.00%
PRICE ABS ABS ABS ABS ABS ABS
--- --- --- --- --- ---
<S> <C> <C> <C> <C> <C> <C>
99-24 7.447 7.471 7.481 7.489 7.497 7.510
99-24+ 7.441 7.464 7.473 7.480 7.488 7.500
99-25 7.435 7.456 7.465 7.471 7.479 7.490
99-25+ 7.429 7.449 7.457 7.463 7.469 7.480
99-26 7.423 7.441 7.448 7.454 7.460 7.470
99-26+ 7.417 7.433 7.440 7.445 7.451 7.460
99-27 7.411 7.426 7.432 7.437 7.442 7.450
99-27+ 7.405 7.418 7.424 7.428 7.433 7.440
99-28 7.399 7.411 7.416 7.419 7.423 7.430
99-28+ 7.392 7.403 7.407 7.411 7.414 7.420
99-29 7.386 7.395 7.399 7.402 7.405 7.410
99-29+ 7.380 7.388 7.391 7.393 7.396 7.400
99-30 7.374 7.380 7.383 7.385 7.387 7.390
99-30+ 7.368 7.373 7.374 7.376 7.377 7.380
99-31 7.362 7.365 7.366 7.367 7.368 7.370
99-31+ 7.356 7.357 7.358 7.359 7.359 7.360
100-00 7.350 7.350 7.350 7.350 7.350 7.350
100-00+ 7.344 7.342 7.342 7.341 7.341 7.340
100-01 7.338 7.335 7.333 7.332 7.331 7.330
100-01+ 7.332 7.327 7.325 7.324 7.322 7.320
100-02 7.326 7.320 7.317 7.315 7.313 7.310
100-02+ 7.320 7.312 7.309 7.306 7.304 7.300
100-03 7.313 7.304 7.301 7.298 7.295 7.290
100-03+ 7.307 7.297 7.292 7.289 7.286 7.280
100-04 7.301 7.289 7.284 7.280 7.276 7.270
100-04+ 7.295 7.282 7.276 7.272 7.267 7.260
100-05 7.289 7.274 7.268 7.263 7.258 7.250
100-05+ 7.283 7.267 7.260 7.255 7.249 7.240
100-06 7.277 7.259 7.251 7.246 7.240 7.230
100-06+ 7.271 7.251 7.243 7.237 7.231 7.220
100-07 7.265 7.244 7.235 7.229 7.221 7.210
100-07+ 7.259 7.236 7.227 7.220 7.212 7.200
First Payment 2.625 2.042 1.875 1.708 1.625 1.458
Average Life 2.951 2.314 2.123 2.000 1.882 1.720
Last Payment 3.292 2.625 2.458 2.292 2.125 1.958
Accrued Interest 0.302 0.302 0.302 0.302 0.302 0.302
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
22
<PAGE>
Preliminary Marketing and Computational Materials
PeopleFirst.com Vehicle Receivables Owner Trust
Asset-Backed Notes, Series 2000-1
The preliminary pricing information contained herein is neither an offer to
sell nor a solicitation to buy any securities. Moreover, there is no
assurance that such information will not change prior to final pricing. Any
formal offer or solicitation will be made by a prospectus (or offering
memorandum) to be accompanied or followed by a written confirmation.
<CAPTION>
BOND A4 AAA/Aaa CLASS
**** TO CALL ****
CURRENT BALANCE: $70,520,000 DATED DATE: 06/15/00
ORIGINAL BALANCE: $70,520,000 YIELD TABLE DATE: 06/30/00
BOND A4 BE-YIELD TABLE
PREPAYMENT SPEED
0.00% 1.00% 1.30% 1.50% 1.70% 2.00%
PRICE ABS ABS ABS ABS ABS ABS
--- --- --- --- --- ---
<S> <C> <C> <C> <C> <C> <C>
99-24 7.505 7.518 7.523 7.528 7.535 7.545
99-24+ 7.501 7.512 7.517 7.522 7.528 7.537
99-25 7.496 7.507 7.511 7.516 7.522 7.530
99-25+ 7.491 7.501 7.505 7.509 7.515 7.523
99-26 7.486 7.495 7.499 7.503 7.508 7.515
99-26+ 7.481 7.490 7.493 7.497 7.501 7.508
99-27 7.476 7.484 7.487 7.490 7.495 7.501
99-27+ 7.471 7.478 7.481 7.484 7.488 7.493
99-28 7.466 7.473 7.475 7.478 7.481 7.486
99-28+ 7.461 7.467 7.469 7.471 7.474 7.479
99-29 7.457 7.461 7.463 7.465 7.468 7.471
99-29+ 7.452 7.456 7.457 7.459 7.461 7.464
99-30 7.447 7.450 7.451 7.452 7.454 7.457
99-30+ 7.442 7.444 7.445 7.446 7.447 7.449
99-31 7.437 7.439 7.439 7.440 7.441 7.442
99-31+ 7.432 7.433 7.433 7.434 7.434 7.435
100-00 7.427 7.427 7.427 7.427 7.427 7.427
100-00+ 7.422 7.422 7.421 7.421 7.420 7.420
100-01 7.417 7.416 7.415 7.415 7.414 7.413
100-01+ 7.413 7.410 7.409 7.408 7.407 7.405
100-02 7.408 7.405 7.403 7.402 7.400 7.398
100-02+ 7.403 7.399 7.397 7.396 7.393 7.391
100-03 7.398 7.393 7.391 7.389 7.387 7.383
100-03+ 7.393 7.388 7.385 7.383 7.380 7.376
100-04 7.388 7.382 7.379 7.377 7.373 7.369
100-04+ 7.383 7.376 7.373 7.370 7.367 7.361
100-05 7.378 7.371 7.367 7.364 7.360 7.354
100-05+ 7.374 7.365 7.361 7.358 7.353 7.347
100-06 7.369 7.359 7.355 7.352 7.346 7.339
100-06+ 7.364 7.354 7.349 7.345 7.340 7.332
100-07 7.359 7.348 7.343 7.339 7.333 7.325
100-07+ 7.354 7.342 7.337 7.333 7.326 7.317
First Payment 3.292 2.625 2.458 2.292 2.125 1.958
Avg Life To Call 3.789 3.195 2.999 2.837 2.635 2.403
Avg Life To Mat 4.021 3.534 3.317 3.152 2.971 2.689
Last Payment 3.958 3.375 3.208 3.042 2.792 2.542
Accrued Interest 0.305 0.305 0.305 0.305 0.305 0.305
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY
PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION
IN THE PROSPECTUS SUPPLEMENT.
23
