<PAGE>
Exhibit 20.7
Page 1 of 3
Navistar Financial 2000 - A Owner Trust
For the Month of May 2000
Distribution Date of June 15, 2000
Servicer Certificate #4
<TABLE>
<S> <C>
Original Pool Amount $380,843,908.73
Subsequent Receivables (transferred 3/13/00) $74,413,256.03
Subsequent Receivables (transferred 3/20/00) $19,742,835.24
Beginning Pool Balance $448,567,681.23
Beginning Pool Factor 0.9443530
Principal and Interest Collections:
Principal Collected (Incl. Servicer Advance Repay) $11,596,391.41
Interest Collected $3,555,837.02
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds / Recoveries $105,252.96
Total Additional Deposits $105,252.96
Repos / Chargeoffs $893,882.71
Aggregate Number of Notes Charged Off 25
Total Available Funds $15,222,252.31
Ending Pool Balance $436,112,636.19
Ending Pool Factor 0.9181319
Servicing Fee $373,806.40
Repayment of Servicer Advances $35,229.08
Reserve Account:
Beginning Balance (see Memo Item) $23,423,307.63
Target Percentage 5.25%
Target Balance $22,895,913.40
Minimum Balance $9,105,143.30
(Release) / Deposit ($527,394.23)
Ending Balance $22,895,913.40
Current Weighted Average APR: 9.358%
Current Weighted Average Remaining Term (months): 50.39
<CAPTION>
Delinquencies Dollars Notes
<S> <C> <C> <C>
Installments: 1 - 30 days $1,800,422.01 1,630
31 - 60 days $365,918.59 318
60+ days $136,740.67 81
Total: $2,303,081.27 1,630
Balances: 60+ days $5,534,102.80 81
Memo Item - Reserve Account
Prior Month $23,549,803.26
+ 3/13 Transfer $100,681.97
+ Invest. Income $0.00
+ Excess Serv. ($227,177.60)
Transfer (to) / from Collections Account $23,423,307.63
</TABLE>
<PAGE>
Exhibit 20.7
Page 2 of 3
Navistar Financial 2000 - A Owner Trust
For the Month of May 2000
<TABLE>
<CAPTION>
NOTES
TOTAL CLASS A - 1 CLASS A - 2 CLASS A - 3 CLASS A - 4 CLASS B NOTES
<S> <C> <C> <C> <C> <C> <C>
$475,000,000.00 $84,000,000.00 $142,000,000.00 $110,000,000.00 $121,187,500.00 $17,812,500.00
Original Pool Amount
Distributions:
Distribution Percentages 100.00% 0.00% 0.00% 0.00% 0.00%
Coupon 6.0800% 6.8200% 7.2000% 7.3400% 7.4700%
Beginning Pool Balance $448,567,681.23
Ending Pool Balance $436,112,636.19
Collected Principal $11,561,162.33
Collected Interest $3,555,837.02
Charge - Offs $893,882.71
Liquidation Proceeds/Recoveries $105,252.96
Servicing $373,806.40
Cash Transfer from Reserve Account $227,177.60
Total Collections Available
for Debt Service $15,075,623.51
Beginning Balance $448,567,681.23 $57,567,681.23 $142,000,000.00 $110,000,000.00 $121,187,500.00 $17,812,500.00
Interest Due $2,620,578.47 $301,398.79 $807,033.33 $660,000.00 $741,263.54 $110,882.81
Interest Paid $2,620,578.47 $301,398.79 $807,033.33 $660,000.00 $741,263.54 $110,882.81
Principal Due $12,455,045.04 $12,455,045.04 $0.00 $0.00 $0.00 $0.00
Principal Paid $12,455,045.04 $12,455,045.04 $0.00 $0.00 $0.00 $0.00
Ending Balance $436,112,636.19 $45,112,636.19 $142,000,000.00 $110,000,000.00 $121,187,500.00 $17,812,500.00
Note / Certificate Pool Factor 0.5371 1.0000 1.0000 1.0000 1.0000
(Ending Balance / Original Pool Amount)
Total Distributions $15,075,623.51 $12,756,443.83 $807,033.33 $660,000.00 $741,263.54 $110,882.81
Interest Shortfall $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Shortfall $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
(required from Reserve)
Excess Servicing $0.00
(see Memo Item - Reserve Account)
Beginning Reserve Acct Balance $23,423,307.63
(Release) / Draw ($527,394.23)
Ending Reserve Acct Balance $22,895,913.40
</TABLE>
<PAGE>
Exhibit 20.7
Page 3 of 3
Navistar Financial 2000 - A Owner Trust
For the Month of May 2000
Trigger Events:
A) Loss Trigger
B) Delinquency Trigger
C) Noteholders Percent Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
Jan-00 Feb-00 Mar-00 Apr-00 May-00
<S> <C> <C> <C> <C> <C>
Beginning Pool Balance N/A $380,843,908.73 $467,349,179.28 $457,574,282.66 $448,567,681.23
A) Loss Trigger:
Principal of Contracts Charged Off N/A $36,194.38 $796,090.42 $313,224.38 $893,882.71
Recoveries N/A $0.00 $0.00 $189,308.57 $105,252.96
Total Charged Off (Months 5, 4, 3) N/A
Total Recoveries (Months 3, 2, 1) $294,561.53
Net Loss / (Recoveries) for 3 Mos N/A (a)
Total Balance (Months 5, 4, 3) $848,193,088.01 (b)
Loss Ratio Annualized [(a/b) * (12)] 0.0000%
Trigger: Is Ratio > 1.5% No
Mar-00 Apr-00 May-00
B) Delinquency Trigger: $3,103,325.48 $3,976,133.59 $5,534,102.80
Balance delinquency 60+ days 0.66403% 0.86896% 1.23373%
As % of Beginning Pool Balance N/A 0.64229% 0.92224%
Three Month Average
Trigger: Is Average > 2.0% No
C) Noteholders Percent Trigger: 4.8202%
Ending Reserve Account Balance
not less than 1% of Initial Aggregate
Receivables Balance
Trigger: Is Minimum < 1.0% No
</TABLE>
Navistar Financial Corporation
by: /s/ R. W. Cain
R. W. Cain
Vice President and Treasurer
