<PAGE>
Exhibit 20.2
Page 1 of 3
Navistar Financial 1996 - B Owner Trust
For the Month of June 2000
Distribution Date of July 20, 2000
Servicer Certificate #45
<TABLE>
<S> <C>
Original Pool Amount $486,507,362.75
Beginning Pool Balance $45,146,253.30
Beginning Pool Factor 0.0927966
Principal and Interest Collections:
Principal Collected (Incl. Servicer Advance Repay) $3,897,099.87
Interest Collected $353,821.16
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds / Recoveries $35,816.44
Total Additional Deposits $35,816.44
Repos / Chargeoffs $147,950.25
Aggregate Number of Notes Charged Off 78
Total Available Funds $4,249,183.02
Ending Pool Balance $41,138,757.63
Ending Pool Factor 0.0845594
Servicing Fee $37,621.88
Repayment of Servicer Advances $37,554.45
Reserve Account:
Beginning Balance (see Memo Item) $9,742,195.76
Target Percentage 10.00%
Target Balance $4,113,875.76
Minimum Balance $9,730,147.26
(Release) / Deposit ($51,112.77)
Ending Balance $9,691,082.99
Current Weighted Average APR: 9.466%
Current Weighted Average Remaining Term (months): 13.08
<CAPTION>
Delinquencies Dollars Notes
<S> <C> <C> <C>
Installments: 1 - 30 days $885,562.86 537
31 - 60 days $321,208.93 181
60+ days $175,812.94 83
Total: $1,382,584.73 563
Balances: 60+ days $1,739,579.96 83
Memo Item - Reserve Account
Prior Month $9,730,147.26
+ Invest. Income $51,112.77
+ Excess Serv. $0.00
+ Transfer (to) / from Collections Account ($39,064.27)
Beginning Balance $9,742,195.76
</TABLE>
<PAGE>
Exhibit 20.2
Page 2 of 3
Navistar Financial 1996 - B Owner Trust
For the Month of June 2000
<TABLE>
<CAPTION>
NOTES
CLASS B CLASS C
TOTAL CLASS A - 1 CLASS A - 2 CLASS A - 2 CERTIFICATES CERTIFICATES
<S> <C> <C> <C> <C> <C> <C>
$486,507,362.75 $106,500,000.00 $111,900,000.00 $236,500,000.00 $17,028,000.00 $14,579,362.75
Original Pool Amount
Distributions:
Distribution Percentages 0.00% 0.00% 93.50% 3.50% 3.00%
Coupon 5.490% 5.930% 6.330% 6.500% 7.450%
Beginning Pool Balance $45,146,253.30
Ending Pool Balance $41,138,757.63
Collected Principal $3,859,545.42
Collected Interest $353,821.16
Charge - Offs $147,950.25
Liquidation Proceeds / Recoveries $35,816.44
Servicing $37,621.88
Cash Transfer from Reserve Account $39,064.27
Total Collections Available
for Debt Service $4,250,625.41
Beginning Balance $45,146,253.32 $0.00 $0.00 $35,304,862.68 $5,307,851.03 $4,533,539.61
Interest Due $243,129.74 $0.00 $0.00 $186,233.15 $28,750.86 $28,145.73
Interest Paid $243,129.74 $0.00 $0.00 $186,233.15 $28,750.86 $28,145.73
Principal Due $4,007,495.67 $0.00 $0.00 $3,747,008.45 $140,262.35 $120,224.87
Principal Paid $4,007,495.67 $0.00 $0.00 $3,747,008.45 $140,262.35 $120,224.87
Ending Balance $41,138,757.65 $0.00 $0.00 $31,557,854.23 $5,167,588.68 $4,413,314.74
Note / Certificate Pool Factor 0.0000 0.0000 0.1334 0.3035 0.3027
(Ending Balance / Original Pool Amount)
Total Distributions $4,250,625.41 $0.00 $0.00 $3,933,241.60 $169,013.21 $148,370.60
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 $9,742,195.76
(Release) / Draw ($51,112.77)
Ending Reserve Acct Balance $9,691,082.99
</TABLE>
<PAGE>
Exhibit 20.2
Page 3 of 3
Navistar Financial 1996 - B Owner Trust
For the Month of June 2000
Trigger Events:
A) Loss Trigger - Reserve Account Balance
Loss Trigger - Certificate Lockout Event
B) Delinquency Trigger
C) Noteholders Percent Trigger
<TABLE>
<CAPTION>
6 5 4 3 2 1
Jan-00 Feb-00 Mar-00 Apr-00 May-00 Jun-00
<S> <C> <C> <C> <C> <C> <C>
Beginning Pool Balance $68,371,105.77 $62,720,712.10 $58,106,259.40 $54,000,053.23 $49,552,250.82 $45,146,253.30
A) Loss Trigger:
Principal of Contracts
Charged Off $46,351.33 $30,718.56 $132,854.35 $78,106.69 $66,833.71 $147,950.25
Recoveries $19,939.19 $22,648.10 $62,757.57 $84,134.84 $12,706.44 $35,816.44
<CAPTION>
Loss Trigger - Reserve Account Balance Loss Trigger - Certificate Lockout Event
<S> <C> <C> <C>
Total Charged Off (Months 5, 4, 3) $241,679.60 Total Charged off (Months 1 - 6) $502,814.89
Total Recoveries (Months 3, 2, 1) $132,657.72 Total Recoveries (Months 1 - 6) $238,002.58
Net Loss / (Recoveries) for 3 Mos $109,021.88(a) Net Loss/(Recoveries) for 6 Mos. $264,812.31 (c)
Total Balance (Months 5, 4, 3) $174,827,024.73(b) Total Balance (Months 1 - 6) $337,896,634.62 (d)
Loss Ratio Annualized [(a/b) * (12)] 0.7483% Loss Ratio Annualized [(c/d) (12)] 0.94045%
Trigger: Is Ratio > 1.5% No Trigger: Is Ratio > 6.0% No
<CAPTION>
Apr-00 May-00 Jun-00
<S> <C> <C> <C> <C>
B) Delinquency Trigger: $1,388,180.48 $1,051,153.50 $1,739,579.96
Balance delinquency 60+ days 2.57070% 2.12130% 3.85321%
As % of Beginning Pool Balance 2.16624% 2.22903% 2.84841%
Three Month Average
Trigger: Is Average > 2.0% Yes
C) Noteholders Percent Trigger: 1.9920%
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
